QT Franchise Opportunities
What is the cost of a Quick trip franchise? Are you interested in owning a Quick Trip franchise? QuikTrip Franchise, founded in Tulsa, Oklahoma in the year 1958, deals mainly on retail, with its activities in the retail sector valued at over $9 billion and includes a coverage area of 10 states which includes the following; North Carolina, South Carolina, Arizona, Kansas, Nebraska, Missouri, Oklahoma, Texas, Georgia and Iowa, all within the southern, south western and the Midwest of the United States.
Its franchise units have since grown to over 580+ units within the ten states.
Founded by partners Burt Holmes, and Chester Cadieux its current CEO is Chet Cadieux. QuickTrip Express Franchise provides retailing in the convenience store and fast food divisions of the industry.
GUIDE: DIA FRANCHISE INFORMATION
Diversification by this franchisor has seen this franchise expand to areas such as retailing within the gasoline sector, providing gasoline refill to motorists.
How much is a Quiktrip franchise?
- How much does it cost to open a QT franchise?
- Is quick trip a franchise that is expensive?
- What is the average quick trip franchise price and fee?
Quick Trip Franchise Financial Requirements
As with other franchises, QT Franchise has a financial requirement to be met by interested franchise candidates before this franchise will be owned by them. The requirement includes an investment range of $25,000, a franchise fee of $25,000, and a liquid capital requirement (liquid cash requirement) of $25,000.
Before qualification as a Quick Trip franchisee, the above requirements have to be fully met to qualify for consideration.
Quick Trip Franchise Training
Quik Trip gas station franchise offers training for new franchisees lasting for a period as specified by the franchise. The training program is split in two sections. There is provision for training at the Quick Trip Franchise corporate headquarters, and training on-site to provide maximum exposure to its new franchisees. This training is mandatory for new franchisees.
However, if the franchise will be hiring the services of a business manager, the manager has to also attend this training in order to learn the ropes on the franchise administration. This provision has been made because Quick Trip Franchise allows for absentee ownership of its franchise.
Training is not limited to new franchisees alone, as such events are held periodically to benefit old franchisees and to update them on new industry happenings and current best practices. These trainings are organized in the form of seminars and meetings.
Quick Trip Franchise Support
Quick Trip Franchise offers its franchisees support in many areas of their operations. Although not made available, it should not be different from the support offered by most franchises such as periodic meetings, newsletter publication releases which are also periodic, internet support, field operations, grand opening and security.
What Franchisees Stand to Gain with Quick Trip Franchise
As a Quick Trip franchisee, there are lots of benefits accruing to the franchisee. These includes the Quick Trip Franchise brand name which has witnessed a top-tier rating from major vehicle manufacturing brands such as Honda, BMW, General Motors, Audi, Toyota among other brands even surpassing the standards set by the United States’ environmental protection for petroleum additives.
Buying into this huge brand name with track records of excellence will surely benefit the franchisee immensely.
QuikTrip Franchise Terms of Agreement and Renewal
In the terms of agreement found in the Franchise Disclosure Document (FDD) supplied to the franchisor, Quick Trip Franchise has a set period of time for the ownership of its franchise. This is not new to the franchise industry, as it is obtainable in all franchises.
The required period of time for the ownership of a QuickTrip franchise has not been clearly specified, but it is expected that it should be included in its Franchise Disclosure Document.
After having satisfied the terms laid forth by this franchisor, an extension of ownership period is made, but extension of the period of ownership also depends on whether the Quick Trip Franchise still maintains its franchising arm. There have been cases where companies and corporations have cancelled their franchising arms, due to operational exigencies.
Quick Trip Franchise Financing Options
Quick Trip Franchise offers finance options to its franchisees. These finance options usually are in the form of a relationship with third-party sources that offer financing at less stringent conditions to franchisees to cover specific areas as may be decided by the franchisor.
In addition, this option, there is usually a second option which consists of an in-house financing arrangement that provides financing covering specific areas decided by the franchisor. The Financial Disclosure Document provided by Quick Trip Franchise should contain the details of all of these.
How to Join Quik Trip Franchise?
To buy into the Quick Trip Franchise, certain procedures must be followed, and this includes visiting the Quick Trip Franchise website and navigating to the franchise section of the site.
There is an online application form made available for interested franchise candidates to fill and submit. This form should be carefully filled and submitted because the information supplied will be used in determining qualification.
The information supplied is screened by a back office, and if found to be qualified, a Quick Trip Franchise representative contacts the franchise candidate for further discussions. A meeting is arranged where the franchise candidate is provided a with a Franchise Disclosure Document which is a requirement by franchise regulators, and a period of 10 days is given to the franchise candidate to review the document.
If he/she finds the terms set forth by the franchisor acceptable, he/she decides to sign an agreement with the franchisor.
These are the basic information on the QuikTrip Franchise and requirements for ownership.
However, the information supplied in itself is not sufficient, as it is advised to seek for further details to each of the points stated in this article from Quick Trip Franchise. It is assured that in-depth information will be made available to you on request.