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Street Corner
 

STREET CORNER is the "Convenience Store in the Mall," offering the things that mall employees and mall patrons want during their shopping experiences: aspirin, fountain and bottled drinks, coffee and tea and newspapers, lottery, snacks, candy and gun, fax and copy services, cigarettes and cigars, souvenirs and gifts, office and desk supplies and other incidentals.

Franchisor Background

Year Established:

  1988

Franchising Since:

  1995

Operating Units:

Franchised Units:47 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:47 100%  
 

Geographic Distribution:

U.S.:47 100% In 27 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:47 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. New Jersey8
2. New York4
3. Tennessee4

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$150K
Cash Investment:$19.9K
Total Investment:$97-303K
Average Total Investment:$200K
 

Fees:

Initial Franchise Fee:$19.9K
Average Franchise Fee:$19K
On-Going Royalty:4.5%
Average Royalty:4%
Advertising Fee:0%

Average Number of Employees:

   1 Full-time, 2 Part-time

Space Needs (in square footage):

   150-800

Preferred Sites:

   Regional Mall

Other Sites:

  

Encourage Conversions?

   Not Applicable

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:8
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:Grand Opening, In-house Marketing, Newsletter
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. On-SiteAt least 40 Hours
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:4
General Business Experience:1
Specific Industry Experience:1
Formal Education:1
Psychological Profile:1
Personal Interview(s):2

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:15
Hispanic:1
Native American:0
Other:20
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:7 Year(s)
Term of Renewal Period:7 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   30
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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