What dates are specified on the Commodity Schedules for Circle K franchisees?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
COMMODITY SCHEDULE(S) DATE
Gasoline Effective Date
Diesel Effective Date
By mutual agreement, this Agreement may be amended from time to time by adding other or additional schedules, substituting revised schedules or by deleting one or more items or provisions from any Commodity Schedule(s) listed above. Additional and revised schedules will be so marked and initialed by an authorized representative of Seller and by Purchaser and shall be affixed to and become a part of this Agreement from and after the date appearing on such additional or revised schedule(s). Deletions shall be by notice given as provided herein and effective when received.
Source: Item 23 — RECEIPTS (FDD pages 100–359)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the Commodity Schedules include effective dates for gasoline and diesel. These dates mark when the pricing and quantity terms outlined in the schedules become active. The agreement may be amended to add, revise, or delete schedules, with such changes becoming effective from the date appearing on the revised schedules, once initialed by both the seller and the purchaser. This allows Circle K to adjust terms as needed, reflecting market conditions or changes in supply agreements.
For a prospective Circle K franchisee, understanding these dates is crucial because they directly impact the cost of goods sold, particularly gasoline and diesel, which are primary revenue drivers for many Circle K locations. The franchisee needs to monitor these dates and any amendments to the Commodity Schedules to accurately forecast expenses and manage inventory effectively. Changes to these schedules can affect profit margins, so staying informed is essential for financial planning.
The franchisee should also pay close attention to the conditions under which these schedules can be modified. The ability for Circle K to amend the agreement, especially regarding pricing and quantity, introduces a degree of uncertainty. However, amendments require mutual agreement and proper notification, providing some level of protection for the franchisee. Franchisees should ensure they fully understand the amendment process and their rights regarding these changes.
Overall, the Commodity Schedules and their effective dates are vital components of the Circle K franchise agreement, influencing both operational and financial aspects of the business. Franchisees must proactively manage their understanding of these schedules to optimize their business performance and maintain profitability.