Gateway Newstands

Newsstand and sundry stores
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$56K - $502K
Units as of 2018
367 Decrease 3% over 3 years

Company Overview

Gateway Newstands 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.

About Gateway Newstands

Industry Retail
Related Categories Miscellaneous Retail Businesses
Founded 1983
Parent Company Tobmar Investments Int'l. Inc.
Leadership Steve Tennant, CEO
Corporate Address 240 Chrislea Rd.
Woodbridge, ON L4L 8V1
Social Facebook

Business Overview

Franchising Since 1983 (41 years)
# of employees at HQ 25
Where seeking

This company is offering new franchises worldwide.

# of Units 367 (as of 2018)

Information for Franchisees

Here's what you need to know if you're interested in opening a Gateway Newstands franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$15,000 - $150,000
Initial Investment Information Circle
$55,875 - $501,750
Net Worth Requirement Information Circle
$200,000
Cash Requirement Information Circle
$75,000
Royalty Fee Information Circle
3.5%
Term of Agreement Information Circle
5, 7 or 10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing Gateway Newstands offers in-house financing to cover the following: startup costs, equipment
Third Party Financing Gateway Newstands has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 1-2 weeks
Ongoing Support
Purchasing Co-ops
Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-2
Are exclusive territories available? Information Circle
No
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Franchise 500 Ranking History

Compare where Gateway Newstands landed on this year's Franchise 500 Ranking versus previous years.

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Updated: December 12th, 2022