Basics of a Circle K / TMC Franchise
If you’re thinking about buying a Circle K / TMC franchise, there are many things to consider before signing on the dotted line. Becoming a Circle K / TMC franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Circle K / TMC franchisee might be financially rewarding.
Owning a Circle K / TMC franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Circle K / TMC’s products or services doesn’t mean that you will be able to successfully operate a Circle K / TMC franchise.
- Being emotionally attached to the idea of becoming a Circle K / TMC franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Circle K / TMC should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.
Are you looking for some free resources to help you determine if a Circle K / TMC franchise is for you?
Circle K / TMC Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Circle K / TMC franchise is right for you.
If you truly want own a Circle K / TMC franchise, get all the information you can from Circle K / TMC and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Circle K / TMC franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Circle K / TMC franchisor, Circle K / TMC franchisee, or even yourself? Get to know the terms.
Circle K / TMC Franchise Disclosure Document
Carefully read the Circle K / TMC Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing Circle K / TMC’s Franchise Disclosure Document you will have a number of calls with Circle K / TMC’s franchise team before you will be allowed to call Circle K / TMC franchisees.
When you are allowed to call Circle K / TMC franchisees make sure you speak to at least five to eight franchisees. You will find that most Circle K / TMC franchisees will be honest and unbiased about Circle K / TMC. If you would like more information on how to dissect a Circle K / TMC FDD consider the following resources:
Does a Circle K / TMC Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Circle K / TMC franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Circle K / TMC franchise is the right move for you.
If you’re serious about becoming a Circle K / TMC all franchisee and want to explore owning a Circle K / TMC franchise, take the best first step you can and grab your copy of The Educated Franchise today!