11 March 2007
The return of Circle K
A reader expressed some surprise that I hadn't mentioned this:
The Canadian parent company of Circle K Stores Inc. announced today it has signed an agreement to acquire 53 Oklahoma City Star Fuel Marts Inc. stores.
Expected to close in April, Alimentation Couche-Tard Inc. said the convenience stores' total 2006 sales amounted to about $215 million. The company did not disclose the purchase price.
I'd like to say that this was a desperate attempt to avoid Couche-Tard jokes, but actually, it's simply that I spend next to no time on the inside of C-stores; I drive up, shove my card into the reader, fill up Gwendolyn's tank, and vanish into traffic.
It seems remarkable, though, that these 53 stores grossed $215 million last year: that's just over $4 million per store. I can see why the Canadians might be interested.Posted at 4:14 PM to City Scene