Street Corner Franchise
Friday, May 14, 2010 at 02:06AM Mall-based convenience store
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.
Start-up Costs & Franchises Fees
What is the total cost to open a Street Corner Franchises?
Total Cost: $140,000 USD -$165,000 USD
Total Franchise Fees: $19,900
Ongoing Royalty Fees: 4.5%
Ongoing Advertising Fees:
Term of Agreement: 7 years
Franchise Agreement Renewal Fee: $2.5K
Contact Information for Street Corner
|
Street Corner |
Phone Number: (785)272-8529 |
Historical Expansion
In what year did Street Corner begin operations? 1988
When did Street Corner begin selling franchises? 1995
Year United States Canada International Corporate 2005 56 0 0 0 2004 43 0 0 0 2003 39 0 0 0 2002 32 0 0 0 2001 28 0 0 0
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. (70% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes