Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company.

Need a paper written? Our academic experts can create an original essay on any subject for ~~$13.00~~ $11/page Learn More

The Circle K company was founded in 1951 by Fred Hervey, who purchased three stores in Texas. Circle K became a franchise in 1999 due to the establishment of a strong brand image, identity, and growth. Currently, the company is owned by Alimentation Couche-Tard, and it operates internationally. Circle K is selected due to personal preference for using its products and services.

The franchise startup requirements involve a $100,000 cash requirement with a term of agreement of 10 years. The royalty fee ranges from 2.5% to 5.5%, whereas the ad royalty fee is equal to 1.5%. The franchise term is renewable, and the initial franchise fee costs $25,000. The net worth requirement is $500,000, but the initial investment can range from $ 189,250 to $2,204,150. The franchise is among the fastest-growing ones and financially strong due to operational resilience and efficiency.

Rate the answer:

Answer by Academic.tip's expert

An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.

Cite this page

Select a citation style:

References

Academic.Tips. (2023) 'Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company'. 8 February.

Reference

Academic.Tips. (2023, February 8). Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company. https://academic.tips/question/provide-a-brief-explanation-of-the-history-of-the-franchise-where-did-the-company-start-who-were-the-original-owners-and-how-has-the-company-developed-into-a-franchise-feel-free-to-add-any-informa/

References

Academic.Tips. 2023. "Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company." February 8, 2023. https://academic.tips/question/provide-a-brief-explanation-of-the-history-of-the-franchise-where-did-the-company-start-who-were-the-original-owners-and-how-has-the-company-developed-into-a-franchise-feel-free-to-add-any-informa/.

1. Academic.Tips. "Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company." February 8, 2023. https://academic.tips/question/provide-a-brief-explanation-of-the-history-of-the-franchise-where-did-the-company-start-who-were-the-original-owners-and-how-has-the-company-developed-into-a-franchise-feel-free-to-add-any-informa/.

Bibliography

Academic.Tips. "Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company." February 8, 2023. https://academic.tips/question/provide-a-brief-explanation-of-the-history-of-the-franchise-where-did-the-company-start-who-were-the-original-owners-and-how-has-the-company-developed-into-a-franchise-feel-free-to-add-any-informa/.

Work Cited

"Provide a brief explanation of the history of the franchise. Where did the company start, who were the original owners, and how has the company developed into a franchise? Feel free to add any information that you find interesting about the company. Give an explanation as to why you selected this franchise. Startup requirements for your franchise: Based upon your research, detail the startup requirements for your franchise, including such information as cash required, term of the contract, profit sharing percentage, and what support you will receive from the franchisor. I am looking for information that shows you reviewed this company, including any media articles on the financial strength of the company." Academic.Tips, 8 Feb. 2023, academic.tips/question/provide-a-brief-explanation-of-the-history-of-the-franchise-where-did-the-company-start-who-were-the-original-owners-and-how-has-the-company-developed-into-a-franchise-feel-free-to-add-any-informa/.

Copy