How many Circle K outlets in New Jersey were at the start of 2023?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
| Ceased | Outlets at | |||||||
|---|---|---|---|---|---|---|---|---|
| Outlets | Non- | Reacquired by | ||||||
| State | Year | Start of Year | Opened | Terminations | Renewals | Franchisor | Operations Other Reasons | End of the Year |
| 2023 | 28 | 0 | 8 | 0 | 0 | 0 | 20 | |
| New Jersey | 2024 | 20 | 0 | 2 | 0 | 0 | 0 | 18 |
| 2025 | 18 | 0 | 0 | 0 | 0 | 0 | 18 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 86–99)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, there were 28 Circle K outlets in New Jersey at the start of 2023, according to the table provided. By the end of 2023, this number decreased to 20. This decrease is attributed to 8 terminations during the year.
For a prospective franchisee, this data indicates the existing market presence of Circle K in New Jersey and the changes in outlet numbers over the past few years. It's important to note that the number of outlets can fluctuate due to various reasons, including terminations, new openings, and other market dynamics.
It would be prudent for a potential franchisee to investigate the reasons behind the terminations to understand the market conditions and challenges in New Jersey. Understanding these factors can help in assessing the risks and opportunities associated with opening a Circle K franchise in that specific region. Further research and due diligence are advised to make an informed decision.