QuikTrip | Company Overview & News (2024)

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QuikTrip | Company Overview & News? ›

Founded in 1958, QuikTrip has grown to a more than $11 billion company with more than 1,000 stores in 17 states. QuikTrip gives back to the communities it serves, donating five percent of net profits to charitable organizations in those communities.

The first QuikTrip was opened in 1958 in Tulsa by Burt Holmes and Chester Cadieux. The company expanded outside of Oklahoma in 1968, and started selling gasoline in 1971. Chester's son, Chet, Jr., is the current CEO.

QuikTrip's growth strategy includes continuous expansion while maintaining high standards of quality and service. This approach has enabled the company to steadily increase its footprint, all while ensuring that each new store aligns with its core values and customer expectations.

The investment range for when you want to buy into a QuickTrip franchise is between $25,000 and $30,000. Just like every franchise business, QuickTrip would want you to pay franchise fees, and their franchise fee is $25,000. This payment is non-refundable and quite renewable after a period of time.

179, the Cadieux family is known for the QuikTrip convenience store banner. The chain has approximately 700 stores in 11 states. With a net worth also of $1.3 billion, the Cadieux family held the same spot in 2014.

Tulsa, OK

QuikTrip / Headquarters

QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma. Founded in 1958, QuikTrip has grown to a more than $11 billion company with more than 1,000 stores in 17 states.

Quality Customer Service. Thornbrugh said QuikTrip is successful because it executes quality customer service—the most important trait—at such a high level. “Anyone can have a nice-looking building and merchandise, but if you don't concentrate on customer service and performance, people will go elsewhere,” he said.

The case notes that full-time employee turnover at QT is 13 percent, compared to 59 percent in the industry's top quartile and 109 percent in the industry overall. (Part-time employee turnover for QT is 36 percent, compared to 84 percent in the top quartile and 157 percent overall.)

Qt Group has an employee rating of 3.1 out of 5 stars, based on 75 company reviews on Glassdoor which indicates that most employees have a good working experience there.

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QuikTrip's revenue is $9.2 billion.

QuikTrip has 24,034 employees, and the revenue per employee ratio is $381,127. QuikTrip peak revenue was $9.2B in 2023.

The average annual income for a franchise owner with a business open for 2-10 years is $130,000, according to a survey of 35,000 franchisees across 375 leading brands conducted by Franchise Business Review. The average annual income for a franchisee with a business open for more than 10 years is $177,240.

These stores are located in 17 states and territories and 370 cities. The state with the most QuikTrip locations is Texas, with 270 stores. This is about 28% of all QuikTrip locations in the United States. The city with the most QuikTrip locations is Tulsa, with 48 locations.

Chet Cadieux serves as the CEO / President of QuikTrip. Jim Denny serves as the Vice President-Marketing of QuikTrip.

Considering that QuikTrip is an $11 Billion company, and the Cadieux family collectively is estimated to be worth $1.9 Billion, we estimate Chet Cadieux III's net worth to be approximately $35 Million.

Considering that QuikTrip is an $11 Billion company, and the Cadieux family collectively is estimated to be worth $1.9 Billion, we estimate Chet Cadieux III's net worth to be approximately $35 Million.

Holmes is past chairman and director emeritus of The University of Tulsa's board of trustees, past chairman and director of the Gilcrease Museum Association, The University of Tulsa Alumni Association and Family and Children's Services, former director of the Tulsa Philharmonic, Palmer Drug Abuse Program, Thornton ...

Kwik Trip is a Wisconsin-based convenience store chain. QuikTrip is a Tulsa-based chain. They share many similarities, including high-ranking food offerings in national surveys.

Burt convinces a former junior high school classmate, Chester Cadieux, to invest in and operate the store they decide to call QuikTrip. Burt and Chester open the first QuikTrip on Sept. 25 in Tulsa.