QuikTrip Franchise FDD, Profits & Costs (2025)
QuikTrip is a privately held convenience store and gas station chain founded in 1958 by Burt Holmes and Chester Cadieux in Tulsa, Oklahoma, where it remains headquartered today.
Initially launched as a small grocery store, QuikTrip has grown into a large company with over 1,000 stores spread across 17 states and employs more than 31,000 people.
QuikTrip is known for its quality products and friendly customer service, consistently ranking as one of the top convenience store marketers. It differentiates itself by offering a variety of services, including fresh food items through its QT Kitchens, which provides a made-to-order menu.
The company achieved a significant milestone in 1962 when it reached a positive net worth and has continued to expand ever since. QuikTrip also contributes to the communities it serves by donating 5% of its net profits to charitable organizations.
While QuikTrip has an impressive store count and continues to expand, the company does not franchise its stores in the traditional sense and maintains full control over its operations to ensure consistency in customer experience and quality across all locations.
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Initial Investment
How much does it cost to start a QuikTrip franchise? QuikTrip does not offer franchise opportunities, as all of its locations are company-owned.
Therefore, it is not possible to start a QuikTrip franchise, and there is no associated cost for franchising with the company.
For similar convenience store franchises, however, the initial investment is on average $6,931,000.
In comparison, for example, Circle K (a convenience store franchise brand) requires an investment upfront of $279,000 up to $5,367,000 for their largest store format.
Average Revenue (AUV)
How much revenue can you make with a QuikTrip franchise? Since QuikTrip does not franchise its stores and all locations are company-owned, QuikTrip does not publish a Franchise Disclosure Document. Therefore, it does not disclose the average revenue of its stores.
However, a similar convenience store franchise makes on average $874,000 in revenue (AUV) per year. For example, a Circle K franchised store makes on average $1,309,000 in revenue per year.
Frequently Asked Questions
How many QuikTrip locations are there?
As of the most recent data available, QuikTrip operates over 1,000 company-owned locations across 17 states. The company has been steadily expanding its presence in the convenience store industry throughout the U.S.
What is the total investment required to open a QuikTrip franchise?
QuikTrip does not offer franchise opportunities and therefore, it is not possible to establish the initial investment to start a QuikTrip franchise.
However, the total investment required to open a franchised store similar to the QuikTrip franchise ranges from $127,000 to $51,632,000.
What are the ongoing fees for a QuikTrip franchise?
Since QuikTrip does not offer franchises and all stores are company-owned, the ongoing fees such as royalty fees or advertising fees associated with franchising the brand are not readily available.
Yet, similar convenience store franchises in the industry charge an average of 3%-6% in royalty fees and 3% in advertising fees ( e.g. Circle K).
What are the financial requirements to become a QuikTrip franchisee?
All QuikTrip locations are company-owned, and the brand does not offer opportunities for independent ownership or franchising. Therefore, it is not possible to meet any financial requirements or apply to become a franchisee with QuikTrip.
For convenience store franchises similar to QuikTrip, financial requirements can vary significantly. These may include:
- Minimum Net Worth: Around $250,000 to $1 million.
- Liquid Capital: Around $50,000 to $500,000.
These averages vary depending on the specific franchise model and location costs. High-traffic retail franchises may require higher net worth and liquid capital compared to lower-cost, neighborhood-focused stores.
How much can a QuikTrip franchise owner expect to earn?
Since QuikTrip is entirely company-owned and does not operate as a franchise, there is no earning disclosure for a QuikTrip franchise.
Now, assuming the average gross sales for a retail franchise similar to a QuikTrip franchise of $874,000 per store. And assuming a 15% operating profit margin, $874,000 yearly revenue would result in about $131,000 operating profit per year.
Who owns QuikTrip?
QuikTrip is owned by the Cadieux and Holmes families, as it is a privately held company.
Chester Cadieux, one of the co-founders, and his family have played a significant role in the company’s leadership and growth since its founding in 1958. Today, the company continues to be privately owned and operated by the families of its original founders.
Disclaimer
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