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 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 Newstands has the franchise fee of up to $15,000, with total initial investment range of $55,875 to $501,750.
Initial Investment: $55,875 - $501,750
Net-worth Requirement: $200,000
Liquid Cash Requirement: $75,000
Initial Franchise Fee: $15,000 - $150,000
Ongoing Royalty Fee: 3.5%
On-The-Job Training: 1 - 2 weeks
Number of Employees Required to Run: 1 - 2
Gateway Newstands Franchise Expansion Plans:
United States: Nationwide
Gateway Newstands Franchise Info: https://gatewaynewstands.com/franchising/
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