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Updated RecentlyStreet Corner vs am/pm Convenience Stores Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Street Corner 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 | $122,300 - $657,300 | $440,291 - $10,405,152 |
| Franchise Fee | $30,000 | $40,000 - $70,000 |
| Royalty Fee | 5% | 11%-14% |
| Advertising Fee | $899/year | 5.5% |
| Year Founded | 1988 | 1975 |
| Year Franchised | 1995 | 1979 |
| Term Of Agreement | 7-10 years | - |
| Term Of Agreement | 7-10 years | - |
| Renewal Fee | $5K | $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 | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | 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 | At 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 | Ongoing Support Purchasing Co-ops Toll-Free Line Grand Opening Field Operations |
| Marketing | Ad slicks, National media, Regional advertising | Co-op Advertising Regional Advertising Social media Loyalty program/app |
| Operations |
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) | Number of Employees Required to Run: 10 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
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.
About am/pm Convenience Stores
A Brand That Stands Apart
Powerful, distinctive branding is the cornerstone of am/pm's high visibility in the convenience-store industry. Wherever our stores are located, am/pm enjoys broad name recognition as a result of our familiar trademarks and distinctive marketing.
By combining top brands with our own unique, in-demand offerings, am/pm franchises will continue to lead in the convenience-store industry.
* Proprietary offers such as Fast Food, Coffee & Fountain Drinks differentiates am/pm from the competition
* Innovative marketing, branding & media advertising helps support business growth
* The BP am/pm Franchise offer is leveraged by BP's strong gas brand of Amoco fuels
Day or Night, am/pm Stores are Always There to Serve Their Customers
Our success depends on your success. At BP am/pm facilities you will find commitment to excellence and an emphasis on respect in how we treat our customers and each other. am/pm convenience stores offer a fast, fun, dynamic and rewarding experience.
The World of am/pm
Petroleum - Convenience store growth is an unstoppable force - an evolving industry with high customer demand. The BP and am/pm brands are uniquely positioned to meet these needs - and to open a world of opportunity for you.
am/pm is the convenient place for customers to get meals, drinks and snacks with just the right ambiance.
Our success depends on your success. At am/pm, you will find commitment to excellence and an emphasis on respect in how to treat your customers.
am/pm offers a fast, fun dynamic and rewarding environment.
With am/pm you get a thoroughly distinctive brand and comprehensive support for your business.
A key element of am/pm's convenience strategy is the delivery of a differentiated and distinctive offer focused on meeting the needs of your customers.