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Below is an in-depth analysis and side-by-side comparison of Street Corner vs Tedeschi Food Shops 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 | $45,000 - $137,000 |
Franchise Fee | $30,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | $899/year | - |
Year Founded | 1988 | 1962 |
Year Franchised | 1995 | 1972 |
Term Of Agreement | 7-10 years | - |
Term Of Agreement | 7-10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | * Customer centric, outgoing and committed to providing the best customer service experience * Participates in the day-to-day operation of the store * Cultivates an understanding and a drive for local community Involvement * Has prior food service management or retail experience * Demonstrates the ability to build a high performing team and organization * Able to manage multiple task simultaneously and adapt to market and company change * Prove permanent residency in the United States * Has excellent credit * Must be able to provide exceptional customer service * Understands & respects the relationship between franchisee & franchisor |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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 | - |
Marketing | Ad slicks, National media, Regional advertising | - |
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) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |