Street Corner

At a Glance

Products & Services: Convenience stores

Number of Locations: 40

Total Investment: $89.4K - $300.9K

Founded: 1988

Began Franchising: 1995

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
2014 39 0 0 1
2013 45 0 0 0
2012 48 0 0 0
2011 47 0 0 0
2010 51 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $89,400 - $300,900
Franchise Fee: $19,900 - $24,900
Ongoing Royalty Fee: 4.5%
Term of Franchise Agreement: 7 years, renewable
Veteran Incentives: 10% off franchise fee
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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),

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