HurricaneKid wrote:Big Dog Yank wrote:gbpakman wrote:Not sure if they are a favorite, but heard from a friend in the MKE business world that Kwik Trip has had a great deal of talks with the Bucks for the Arena naming deal. FWIW
You know at first I though, "no way" to Kwik Trip. But they do $4.5 billion in business annually-that's a lot of revenue. I know they have experienced rapid growth over the past eight years, so maybe it's not all that far fetched.
Yes but that is gross sales. There is almost NO markup on gas which has to be an enormous percentage of sales. So don't get presumptuous on how profitable they are based on most of that volume being barely profitable at all.
Obviously that's gross sales. My point was that they're not a mom-and-pop operation and most certainly have the financial resources to sponsor the arena if they wanted to do so.
And, yes, while a significant portion of their total revenue is gasoline sales, if you've ever been in a Kwik Trip, you know that they make an awful lot on grocery sales. Additionally, the company also runs about a dozen Hearty Platter restaurants and cafes, some 40 Tobacco Outlet Plus (TOP) cigar stores and car washes at some of their store locations.
They have ample revenue streams.
