Gateway Newstands

Newsstand and sundry stores
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$56K - $502K
Units as of 2018
367 -3.9% 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

Franchising Overview

Franchising Since
1983 (38 years)
# of employees at HQ
25
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
367 (as of 2018)

Franchisor Information

Social
Facebook
Corporate Address
240 Chrislea Rd.
Woodbridge, ON L4L 8V1

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

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
Marketing Planning & Support
Social Media
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
No

Franchise 500 Ranking History

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

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021