What is the maximum Equipment/Construction Funding available for a Level 1 existing C-Store Circle K conversion with average gross sales of $50,000 or less?

According to Circle K's 2025 Franchise Disclosure Document, the maximum Equipment/Construction Funding available for a Level 1 existing C-Store conversion with average gross sales of $50,000 or less is up to 0.8 times the Gross Sales.

For a Circle K store with gross sales of $50,000 or less, the franchisee could receive up to $40,000 in Equipment/Construction Funding (0.8 * $50,000 = $40,000). This funding is intended to help offset the costs of equipment and construction at the store, with Circle K paying invoices on the franchisee's behalf. Circle K retains a security interest in the equipment purchased with this funding until the franchise agreement expires.

It's important to note that if a Circle K franchisee accepts Level 1 funding, their monthly royalty fee will be 3.75% of Gross Sales. If the franchisee chooses not to accept any funding, the monthly royalty fee will be 3.0% of Gross Sales. Upon termination of the Convenience Store Franchise Agreement, the franchisee will either pay Circle K the remaining net value of the equipment (the unamortized portion of the funding) or allow Circle K to remove the equipment. Franchisees should carefully consider these trade-offs when deciding whether to accept Equipment/Construction Funding.