Are you looking for a Circle-K franchise but first, you want to know how much does a Circle-K franchise owner make? Then you are at the right place.
In this article, we will discuss the facts related to Circle K and other details like its profitability, investment, training, support, and so on. So, let’s begin.
About Circle K
Circle-K is a gas station and convenience store founded in El Paso, Texas, the U.S. It is the widely respected leader in the convenience store industry with loyal brand customers, high-quality products, and service.
Circle-K started offering franchises in 1995, and now it has more than 1886 outlets across the world. The business model of the Circle-K franchise is very flexible.
They never demand any kind of prior experience, but they prefer a candidate who has experience in retail management.
They provide a comprehensive training program to all new franchisees and also offer some periodic training programs for the existing franchise.
So, there are no eligibility criteria that you have to follow. The list of requirements of the Circle-k franchise is not long as others. You just need their required cost of investment to invest in it.
They also provide funding options to franchisees if they are unable to manage the cost of investment, but there are some terms and conditions which franchisees have to fulfill.
How Much Does A Circle-K Franchise Owner Make?
As per records, Circle K generates around $147 million through its sale annually. Circle-K never releases any data related to its franchise owner profit.
So, we calculated an individual Circle-K franchise owner’s profit based on its annual sales and outlets.
So, the average profit amount that we arrived at is around $77,943. However, this profit is not accurate. There is a possibility that the franchise owner can earn more or less than this amount.
How Much Does A Circle-K Employee Earn?
Circle-K employees’ salary ranges from $19000-$90690 annually. However, employees’ salaries rate varies depending on the position.
An employee of Circle-K with the job title- of Cashier can earn an average of $90,690 annually, while other employees, like Driver, can earn an average rate of $74,834 annually.
What Is Circle-K Known For?
Circle-K is a convenience store. You will find everything necessary for daily use. It is a kind of retail store that offers various products like baked goods, snacks, FMGC, and so on.
The best thing about Circle-K is you will find the top quality and recognized brand products. They also have a Kosher certification agency symbol which is a mark on food that indicates the kosher status.
Pros & Cons Of Circle-K Franchise
Pros Of Circle-K Franchise
- Flexible business model
- Highly demandable niche
- Provide training and support
- Cover a lot of finance
- Highly profitable
Cons Of Circle-K Franchise
- Some restrictions and obligation
- High-cost investment
- Maintain the standard
Is Circle-K Franchise Profitable?
Circle-K never releases any data related to franchise profit. However, there are many aspects on which we can define the profitability of Circle- K.
As per our research, running a convenience store is always profitable, no matter whether the brand is recognized or not.
Convenient products are always in demand in the market, and no season or day off can affect the sales of stores.
Circle-K is a most recognized brand that offers convenience products and fuel across the world and has a comprehensive market of 1886 outlets.
Moreover, the requirement of investment is also a crucial aspect of defining the profitability of any business because profit is always proportionate to the cost of investment.
And Circle-K requires a high cost of investment to open. Overall, all the aspects of the profitability of Circle-K have green flags.
Wrap Up
As we discussed above, Circle-K offers a franchise opportunity to entrepreneurs without any prior experience. The policies of the Circle-K franchise are very flexible.
However, it requires high-cost investments but also covers a lot of finance and gives you the option of third-party finance.
Moreover, the profit potential of the franchise is also good, and you can easily make a decent income from the Circle-K franchise.
We didn’t find any major loopholes in this franchise. All the things are good, and you can buy a Circle-K franchise without any trouble.
Frequently Asked Question
How many Circle-K franchises are there?
Circle-K has more than 1886 outlets around the world.
What is the annual revenue of the Circle-K Franchise?
An individual Circle-K franchise owner makes approximately $$77,943 annually.
How much does it cost to buy a Circle-K franchisee?
An initial investment required to open a Circle-K franchise is $185,500- $2,204,150.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.