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Below is an in-depth analysis and side-by-side comparison of White Hen Pantry vs am/pm Convenience Stores including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $52,400 - $225,200 | $440,291 - $10,405,152 |
Franchise Fee | $30,000 | $40,000 - $70,000 |
Royalty Fee | Varies | 11%-14% |
Advertising Fee | - | 5.5% |
Year Founded | 1965 | 1975 |
Year Franchised | 1965 | 1979 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | $35K-60K |
Business Experience Requirements |
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Experience | - U.S. citizenship, or permanent resident alien status with a minimum age of 21 years old - Personal participation in operating a retail facility (minimum of 40 hours per week) - Successfully complete all training requirements - Good credit record / credit history evidenced by prompt payment of all financial obligations - Liquid capital required may be $1,200,000 or higher - Possess an entrepreneurial attitude, creativity and the ability to make sound business decisions - Ability to create and implement a comprehensive business plan - Ability to successfully execute the am/pm franchise operational procedures - Excellent project management skills and attention to detail - Ability to obtain/qualify for a beer and wine sales license for off-site consumption | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/No |
Start-up Costs | Yes/No | No/No |
Equipment | No/No | No/No |
Inventory | Yes/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | On-The-Job Training: 120 hours Classroom Training: 66 hours Additional Training: In-class sessions & hands-on training |
Support | Newsletter, Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Field Operations |
Marketing | - | Co-op Advertising Regional Advertising Social media Loyalty program/app |
Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is NOT allowed. | Number of Employees Required to Run: 10 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |