In American culture, convenience stores are a need. These establishments offer a variety of goods and services that make life easier for millions of people every day, from getting a quick snack to filling the gas tank. But which American convenience store chain is the largest? Let’s look more closely.
Because different sources evaluate the size of convenience store chains in different ways, the answer to this issue is quite convoluted. However, the largest chain of convenience stores in America, according to the most recent data from the National Association of Convenience Stores (NACS), is 7-Eleven. By far the biggest chain of convenience stores in the nation as of 2020, 7-Eleven runs more than 9,000 locations across the country.
It’s interesting to note that Seven & I Holdings, a Japanese corporation, is the real owner of 7-Eleven. In actuality, foreign corporations hold a large number of the largest convenience store chains in America. For instance, the Japanese business Marathon Petroleum owns Speedway, while the Canadian company Alimentation Couche-Tard owns Circle K.
The largest participant in the US in terms of gas stations specifically is BP. By 2020, BP will own more than 7,000 gas stations nationwide, closely followed by Shell’s over 6,000 outlets. Third place goes to ExxonMobil with slightly under 5,000 gas outlets.
How much money one can make by having a franchise at a convenience shop is a frequent query. The typical annual sales for a single location at a Circle K franchise ranges from $1.5 million to $3 million, according to data from Franchise Direct. Undoubtedly, actual earnings will differ based on elements including location, rivalry, and management.
Last but not least, the typical annual revenue for a small grocery store is between $300,000 and $500,000. This information is important for people considering opening one as opposed to a convenience store. Once more, location and competition will have a significant impact on actual earnings.
In conclusion, 7-Eleven, which is owned by a Japanese firm, is the largest chain of convenience stores in America. The majority of the other leading corporations in the sector are similarly controlled by foreign firms. BP is the largest player in the US’s gas station market. Circle K can be highly profitable for franchise owners of convenience stores, while small supermarket stores typically make between $300,000 and $500,000 annually.