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General

Industry

Retail Products and Services

Category

Convenience Store

SBA Identifier

S2898

Year of Founding

1990

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$30,000-$30,000

Investment Range

$122K-$546K

Location units

Total U.S. Locations

32

U.S. Franchised Units

32

U.S. Corporate Units

0

Headquarters (City)

Topeka

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

1995

Issuance of FDD Data

03/11/2021

What to know about Street Corner franchise?

The franchise that we offer is for Street Corner, a store selling prepackaged and prepared foods, beverages, non-food merchandise, sundries and convenience store goods and services and other products and services (each, a "Franchised Business" or "Stored".

Street Corner is based in Topeka, KS. Scroll down to learn more!

How much does a Street Corner franchise cost?

Are you wondering how much is a Street Corner franchise? Before starting a Street Corner franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Street Corner franchise is $122,300 and can go all the way up to $545,800. Keep in mind, you should also allocate additional funds to live off of while the Street Corner business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Street Corner franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Street Corner business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Street Corner franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Street Corner. Hotels to the Convenience Store, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 41 5 5 41
2017 41 2 6 37
2018 40 3 8 35
2019 35 4 3 35
2020 35 4 7 32

Additional Details

How much does a Street Corner franchise owner make?

Street Corner franchise earnings and revenue can vary significantly from one franchisee to another.
The Street Corner franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Street Corner unfortunately does not disclose financials on how much Street Corner franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Street Corner does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Street Corner franchisees. Do note that Street Corner is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Street Corner franchisees to understand how much money they are making from their Street Corner business.

You should also speak to former Street Corner franchisees to understand why they left the system. Did they sell their Street Corner at a profit? Were they forced to close their Street Corner franchise down because it kept losing money?

What is the Street Corner franchise fee?

Owning a Street Corner franchise requires 5% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Street Corner Franchise Disclosure Document

Keep in mind, there is also an initial Street Corner franchise fee of $30,000 that is included in the initial investment amount of $122,300 to $545,800. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Street Corner franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Street Corner franchise fee of $30,000.

Visit the Street Corner metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Street Corner founded?

Street Corner started offering franchises in 1995. Street Corner was founded 32 years ago in 1990.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Street Corner locations are in the U.S.?

As of 2021, there were 32 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Street Corner have more franchised locations than corporate locations.

How many Street Corner franchises opened over the past few years?

Over the prior 3 years we have data for, Street Corner has opened 11 outlets throughout the U.S. Visit the Street Corner metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Street Corner franchises closed over the past few years?

Over the prior 3 years we have data for, Street Corner has closed 18 outlets throughout the U.S

Visit the Street Corner metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Street Corner growing? Are they opening more locations than they are closing?

The net unit growth rate for Street Corner over the past 3 years is -20%. Over the last year we have data for, Street Corner had a net unit growth rate of -9%.

Without a comparison, this number doesn’t mean much. Compare how the Street Corner growth rate compares to 2,000+ other franchises and Industry franchises like Street Corner. More info in the Street Corner metrics tab.

Is Street Corner franchise eligible for an SBA Loan?

Street Corner is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Street Corner franchise was assigned the SBA Franchise ID of S2898 on 04/10/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Street Corner that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Street Corner a franchise in the United States?

According to the SBA, Street Corner meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Street Corner provides you with an FDD if you are in discussion to buy a Street Corner.

What is the Street Corner Franchise for Sale Rate?

The Street Corner systemwide health and franchisee satisfaction can be measured by the Street Cornerfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Street Corner franchise for sale rate over the past 3 years is 34%. Over the last year we have data for, Street Corner had a franchise for sale rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the Street Corner franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Street Corner. More info in the Street Corner metrics tab.

What is the Street Corner Franchise Failure Rate?

Street Corner franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Street Corner failure rate over the past 3 years is 56%. Over the last year we have data for, Street Corner had a franchise failure rate of 22%.

Without a comparison, this number doesn’t mean much. Compare how the Street Corner franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Street Corner. More info in the Street Corner metrics tab.

How can I find out more details on Street Corner franchise?

Visit the Street Corner metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Street Corner

$334,050

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Street Corner

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Street Corner

$30,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2021)

General

Industry

Retail Products and Services

Category

Convenience Store

SBA Identifier

S2898

Year of Founding

1990

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$30,000-$30,000

Investment Range

$122K-$546K

Location units

Total U.S. Locations

32

U.S. Franchised Units

32

U.S. Corporate Units

0

Headquarters (City)

Topeka

Other

Item 19 - Franchise Financials

No

Financing Availability

yes

Started Offering Franchises

1995

Issuance of FDD Data

03/11/2021

Detailed Franchise metrics for Street Corner

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Street Corner below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Street Corner

$30,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Street Corner

9%

56%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Street Corner

14%

34%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

2945 S.W. Wanamaker Drive

State headquarters

Kansas

Key leadership

Street Corner

Phone

+1 (000) 0********00

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City

Topeka

Zip code

66614
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