How many Circle K outlets were terminated in New Jersey during 2023?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
e K Stores that may or may not include a Motor Fuel Business and/or Branded Business.
Table No. 3
Status of Franchised Outlets* For Years 2023 to 2025
| Year | Outlets at | Ceased | Outlets at | |||||
|---|---|---|---|---|---|---|---|---|
| Outlets | Non- | Reacquired by | ||||||
| State | Start of Year | Opened | Terminations | Renewals | Franchisor | Operations Other Reasons | End of the Year | |
| 2023 | 13 | 2 | 0 |
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 8 terminations of Circle K outlets in New Jersey during 2023. The table provided in Item 20 details the status of franchised outlets from 2023 to 2025, offering a year-by-year breakdown of outlet activity across different states. This information is crucial for potential franchisees as it provides insight into the stability and turnover of Circle K franchises in specific geographic areas.
The data includes the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. By examining this table, prospective franchisees can assess the health and performance of Circle K franchises in their target market. A high number of terminations could indicate challenges within the franchise system in that region, while a steady increase in outlets might suggest a thriving market.
Specifically, for New Jersey in 2023, there were 28 outlets at the start of the year, with no new outlets opened. There were 8 terminations, resulting in 20 outlets at the end of the year. This detailed overview allows potential franchisees to make informed decisions based on historical data and trends, contributing to a more comprehensive understanding of the franchise opportunity and its potential risks and rewards.