Street Corner, the Alternative to 7-Eleven

Convenience stores are popular franchises and I talk to many clients who are interested in a 7-eleven or a similar concept. It is understandable why a potential franchisee would first consider a 7-eleven given their name recognition. However, after further investigation into the costs and franchisee responsibilities, many of my clients choose to pursue other convenience store franchises like Street Corner. I thought it would be interesting to compare some of the key characteristics of Street Corner and 7-eleven in a side-by-side table. All of this information is available on the internet and in books about franchising, but it is consolidated here for your convenience.

Aside from the differences in initial and ongoing costs, there are big lifestyle differences between Street Corner and 7-eleven. Street Corner franchises can be found in any high traffic location like malls, hotels, office buildings, airports, train stations, etc., and they are open during standard business hours. Additionally, Street Corner allows owners to be passive, which means franchisees do not have to be in the store every day (or at all). Comparatively, 7-eleven stores are open 24 hours a day, 365 days a year (with the possible exception of Christmas) and 7-eleven franchisees must be full time employees in their own store.

Which option is right for you? Which franchise best fits ALL of your requirements? Meta-Franchise Consulting can help you sort through all of the data about these and other franchises to help you find the best business given your unique set of requirements.