Street Corner
At a Glance
Products & Services: Convenience store
Number of Locations: 47
Total Investment: $89.4K - 295.9K
Founded: 1988
Began Franchising: 1995
Private Owned
About Street Corner
After Peter LaColla and Daniel McCabe opened a restaurant called Street Corner Cuisine in a mall in Topeka, Kansas, they noticed there was no place to buy cigarettes, newspapers or aspirin in the shopping center. To meet the need, the partners opened Street Corner, a convenience store with the look of an old-fashioned newsstand, in 1988. The new store was popular with both mall customers and employees, and the partners decided to sell their restaurant and concentrate on franchising Street Corner. Street Corner locations sell snacks, beverages, newspapers, magazines and other items.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 47 | 0 | 0 | 0 |
| 2010 | 51 | 0 | 0 | 0 |
| 2009 | 47 | 0 | 0 | 0 |
| 2008 | 46 | 0 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $89,400 - $295,900
Franchise Fee: $19,900
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 7 years, renewable
Franchise Fee: $19,900
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 7 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $30,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2. Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: Upon request. At franchisee's location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks, National media, Regional advertising,
Other marketing support: Store marketing reviews
Franchise Ranking History
Franchise 500®: #311 (2011),