- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$56K - $502K
- Units as of 2018
-
367 3% over 3 years
Company Overview
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 |
Business Overview
| Franchising Since | 1983 (42 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
|
$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
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?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1-2 |
|
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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