Gateway Newstands
Newsstand and sundry stores
Gateway Newstands
Newsstand and sundry stores
About
Founded
1983
Franchising Since
1983 (36 Years)
Corporate Address
240 Chrislea Rd.
Woodbridge, ON L4L 8V1
CEO
Steve Tennant
Parent Company
Tobmar Investments Int'l. Inc.
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 Newstands offers in-house financing to cover the following: startup costs, equipment
Gateway Newstands has relationships with third-party sources which offer financing to cover the following: startup costs, equipment
Support Options
Ongoing Support
Purchasing Co-ops
Newsletter
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social media
Website development
On-The-Job Training:
1-2 weeks
Absentee Ownership Allowed
Number of Employees Required to Run:
1 - 2
Gateway Newstands is ranked #332 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $55,875
High - $501,750
Units
+0.5%+2 UNITS (1 Year)
-3.9%-15 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada
Franchise Articles
Points To Consider Before Purchasing A Franchise In 2019
Franchising has its own challenges that need to be dealt with in order to grow big as a franchising brand
The Top 10 Best Franchises to Open in 2019
Here's everything you need to know about the top franchises to open from the 'Entrepreneur' Franchise 500.
Never Buy a Franchise Without Researching These 5 Sources
Once you've narrowed your franchise choices to a few – or a few dozen – it's time to investigate these informational options.
Franchise 500: Our Definitive Ranking of 2019's Strongest Franchises
What trends are tops? What brands have proved most lasting? What franchise may be the right opportunity for you? Explore, absorb, and learn from our annual list.
#1 on the Franchise 500: How McDonald's Evolved With Its Customer
The #1 company on our annual Franchise 500 list is a master class in staying power.
