Gateway Newstands Franchise

Tobacco store and newsstand

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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 Newsstands has grown to more than 300 stores in North America, including locations in Toronto, New York and Chicago. Gateway Newsstands 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 Newsstands have less demanding working hours than most convenience stores. The Service Store Concept developed as a direct result of the company's analysis of traffic count studies and its identification and emphasis on the daily needs of a diverse variety of shoppers. The merchandise mix is formulated specifically to cater to the everyday needs and impulse sales of today's busy consumers. The ongoing refinement of the company's merchandise mix is an important part of the company's business service ethic. Gateway Newsstands have created an important retail marketing niche. The simultaneous presentation of snacks, beverages, candy, cards, tobacco, reading material and lottery tickets capitalizes on the customer traffic generated by each entity, creating impulse sales in areas other than represented by the customers original shopping purpose. Gateway Newsstands is an integral part of any prime commercial retail project. No other retail service tenant satisfies as wide a spectrum of consumers' service and convenience requirements.#14 in Canada's Top franchises.

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$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Gateway Newstands, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Gateway Newstands website.

How much does it cost to open a Gateway Newstands Franchise ?

The investment required to open a Gateway Newstands Franchise is between $55,875 - $501,750 . There is an initial franchise fee of $15,000 -$150,000 which grants you the license to run a business under the Gateway Newstands name.

Individual Franchise Costs

  • Initial Investment:
    $55,875 -
  • Initial Franchise Fee:
    $15,000 - $150,000
  • Royalty Fee:
    3.50%
  • Term of Agreement:
    5
  • Renewal Fee:
    Varies

Expense In-House Third Party
Franchise Fee No No
Startup Costs Yes Yes
Equipment Yes Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Training
On-The-Job Training: Up to 40 hours

Support
Purchasing Co-ops Newsletter Toll-Free Line Grand Opening Security/Safety Procedures Field Operations

Marketing
Social media Website development

Gateway Newstands Growth History

When did the first Gateway Newstands open? 1983
When did Gateway Newstands start Franchising ? 1983

Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

General business experience

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory



How much does a Gateway Newstands Franchise owner make?

How much money you could make as a Gateway Newstands Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Gateway Newstands Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$15,000 - $501,750
Initial Franchise Fee
$15,000 - $150,000
Royalty Fee
3.50%
Term of Agreement
5
Renewal Fee
Varies
Gateway Newstands Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Gateway Newstands and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Gateway Newstands franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.