Gateway Cigar Store/Newstands

Gateway Cigar Store/Newstands

#118

Initial Investment

LOW: $55,875
HIGH: $501,750

Change in Units

-2.6% -10 UNITS (1 Year)
-0.5% -2 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1983

Franchising Since

1983 (33 Years)

Corporate Address

240 Chrislea Rd. Woodbridge, ON L4L 8V1

CEO

Michael Aychental

Parent Company

Tobmar Investments International Inc.

About Gateway Cigar Store/Newstands

Gateway Newsstands was founded in 1983 by Michael Aychental and David Goldman, who started franchising the concept the same year. A family-owned and -operated partnership based in Canada, Gateway has grown to more than 300 stores in North America, including locations in Toronto, New York and Chicago.

Gateway emphasizes a hands-on business approach, putting a franchise owner in each of its locations. Franchisees work from kiosks or stores in large office buildings, selling snacks, drinks, candy, cards, tobacco, reading material, lottery tickets and other impulse buys. Open from 7:30 a.m. to 6:00 p.m., Gateway stores have less demanding working hours than most convenience stores.

Financials

Financial Requirements

Initial Investment

$55,875 - $501,750

Net-worth Requirement

$200,000

Liquid Cash Requirement

$75,000

Ongoing Fees

Initial Franchise Fee

$15,000 - $150,000

Ongoing Royalty Fee

3.5%

Financing Options

Gateway Cigar Store/Newstands offers in-house financing to cover the following: startup costs, equipment

Franchise 500® Rank History

Highest Rank: 97

Lowest Rank: 285

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training Onsite: 2 days-1 week

Ongoing Support
Purchasing Co-ops
Newsletter
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Absentee Ownership Allowed

Number of employees required to run: 1 - 2

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 28th, 2015

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