7-Eleven vs Street Corner Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of 7-Eleven vs Street Corner including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
7-Eleven Franchise
Street Corner Franchise
Investment $69,650 - $1,185,400$122,300 - $657,300
Franchise Fee $10,000 - $1,000,000$30,000
Royalty Fee Varies5%
Advertising Fee 1%$899/year
Year Founded 19271988
Year Franchised 19641995
Term Of Agreement 15 years7-10 years
Term Of Agreement 15 years7-10 years
Renewal Fee -$5K


Business Experience Requirements
 
7-Eleven Franchise
Street Corner Franchise
Experience

7-Eleven is seeking franchise candidates that are looking for an exciting business opportunity that's full of growth potential. 7-Eleven asks that candidates meet the following criteria before being considered to franchise a 7-Eleven: *Be 21 years of age or older *Prove permanent residency in the United States *We prefer you have retail, management and/or customer service - related business experience within the United States *Not have filed for bankruptcy within the last seven years *Have excellent credit

These basic qualifications are only half the story. When considering if 7-Eleven is the right choice, candidates should consider if they possess the traits most common to successful 7-Eleven franchisees: *Can you manage multiple tasks simultaneously and adapt to market and company changes? *Can you hire, train and supervise employees? Are you willing to empower them and delegate responsibilities to them? *Are you dedicated to operations excellence? Do you focus on the details? *Are you committed to creating and managing an organization that effectively recruits, trains, retains and motivates people? *Do you have a strong desire to build incremental income through execution and the ability to implement company programs and strategies? *Do you have food service management or retail experience? *Can you deliver an exceptional customer experience while maintaining a commitment to the core values of 7-Eleven? *Do you support and understand your local community? Do you have strong ties to your community?

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Financing Options
 
7-Eleven Franchise
Street Corner Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/YesNo/Yes
Start-up Costs No/YesNo/Yes
Equipment -/-No/Yes
Inventory No/YesNo/Yes
Receivables -/-No/No
Payroll -/-No/No

Training & Support
 
7-Eleven Franchise
Street Corner Franchise
Training --
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesAt the Street Corner corporate offices, the staff provides rigorous training and support programs and assists franchisees with every aspect of store merchandising and operation. Programs include assistance with site selection, lease negotiation, and initial training and continuous guidance in promotion, purchasing, bookkeeping, inventory control, stocking and display. Assistance in site identification & store design Initial training in operations, merchandising and customer service Ongoing operational and promotional support and consultation Ongoing development of new procedures, products and sourcing Systemwide communications
Marketing National media, Regional advertisingAd slicks, National media, Regional advertising
Operations

Number of employees needed to run franchised unit: 7 - 10

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

 20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 2

Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators)

Expansion Plans
 
7-Eleven Franchise
Street Corner Franchise
US Expansion Yes-
Canada Expansion YesNo
International Expansion YesNo

Company Overviews

About 7-Eleven



"7-Eleven

A new word for us.
A new career for you!

Franchising with the world’s #1 convenience store is easier than you think, for all kinds of reasons. With the support of a global brand and a business model built for your success, a new word was definitely in order.

Oh, Thank Heaven for 7-Eleven!

Veteran Incentives
10-20% off franchise fee, up to $50,000; preferred interest rates and special financing

""     "Entrepreneur


"franchiserankingscom"
#33 on Franchise Rankings.com
#11 in Franchise 500 for 2020.
#9 in Franchise 500 for 2021.





About Street Corner

McColla Enterprises is currently seeking qualified franchisees to create and operate their own Street Corner stores, taking advantage of one of today's fastest growing retailing opportunities. Advantages include: High-traffic locations Low labor requirements Captive customer base Year-round sales continuity Popular consumer products and brands Customizable selection Flexible store design Lively, eye-catching graphics Timely sales reporting About Street Corner The Street Corner concept fills a real need -- for shoppers ,mall employees, office employees, etc. Street Corner offers them a place to buy those items that can't be found anywhere else in their venue. As well as a welcome spot to just take a break ... from the shopping or the job. The Street Corner store is where people can pop in for a soft drink or bag of chips, get a pack of cigarettes or buy a needed drug store item. And maybe find a novelty gift item for the kids. Our franchisees find that the high traffic location and open store design attract mall shoppers who just need some directions to a certain store ... and who often buy something while they're there. Some stores even have a news channel running continuously to a TV set to attract passers-by. Street Corner convenience stores are available for malls and most populated high traffic areas. We are currently seeking qualified investors to create and operate Street Corner In-line and Kiosk stores to fill the nationwide demand.

The initial investment necessary to begin operation of a Street Corner Franchised Business under a franchise agreement ranges from $122,300 to $545,100 for an Express and from $286,000 to $657,300 for an Urban Market. This includes $38,399 to $46,899 that must be paid to the franchisor or its affiliates.