Street Corner

Street Corner

Convenience stores
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$122K - $657K
Units as of 2021
32 13.5% over 3 years

Company Overview

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.

About Street Corner

Industry
Retail
Founded
1988
Parent Company
McColla Enterprises Ltd.
Leadership
Peter La Colla, President

Franchising Overview

Franchising Since
1995 (26 years)
# of employees at HQ
10
# of Units
32 (as of 2021)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
2945 S.W. Wanamaker Dr.
Topeka, KS 66614

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Street Corner franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000
Initial Investment
$122,300 - $657,300
Net Worth Requirement
$100,000
Cash Requirement
$50,000 - $100,000
Royalty Fee
5%
Ad Royalty Fee
$899/yr.
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Street Corner has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
21 hours
Ongoing Support
Newsletter
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Street Corner landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021