Total investment:
$ 55,875
Franchise fee:
$ 15,000
Royalty fee:
3.50%
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1983
Franchise since: 1983
Company owned units:
Franchise owned units: 367
Total number of units:
Number of employees per unit: 1-2
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEGateway 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 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.
On-The-Job Training: 1 – 2 weeks
Net-worth Requirement: $200,000
Liquid Cash Requirement: $75,000