Gateway Newstands
Newsstand and sundry stores
Gateway Newstands
Newsstand and sundry stores
About
Founded
1983
Franchising Since
1983 (35 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
Security/Safety Procedures
Field Operations
Marketing Support
Social media
Website development
On-The-Job Training:
Up to 40 hours
Absentee Ownership Allowed
Number of Employees Required to Run:
1 - 2
Gateway Newstands is ranked #451 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
-3.2%-12 UNITS (1 Year)
-6.9%-27 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada
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