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Gateway Newstands
9554 Yonge St., # 400
Richmond Hill, ON L4C 9M5 CANADA
800#: (800) 942-5351
Tel: (905) 737-7755
Fax: (905) 737-7757
E-Mail: [email protected]
Web Site: www.gatewaynewstands.com
Contact: Mr. Michael Aychental, Chief Executive Officer
Newsstand, candy, lotto and limited food. Service locations in high-rise office towers, shopping centers and transit locations throughout the United States.
Franchisor Background
Established: 1983
First Franchise: 1983
Franchise Units: 319
Company-Owned Units: 0
Total Units:319
Distribution:
U.S. -- 66;
Canada -- 222;
International -- 1
> North America -- Operations in NR
> States/Provinces with Greatest Density: 193 in ON, 19 in IL, 16 NY
Projected New Units Over Next 12 months:50
Franchisee Qualifications:5, 3, 2, 1, 2, 3
(for an explanation
click here)
Registered in Following Registration States: NR
Average Number of Employees: 1 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs:100-1,000 SF; SF, RM, Transit Location
(for abbreviations click here)
Financial Requirements
Cash Investment: $40-150K
Total Investment: $50-200K
Average Total Investment: $125K
Minimum Net Worth: $NR
Fees
>Franchise: $Varies;
>Average Franchise Fee: $-1K
>Royalty: 3%
>Advertising: 0%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5-10/5
Passive Ownership: Not Allowed
Area Development Agreements:No
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 11
On-Going Support: C,D,E,F,I (for an explanation click here)
Training: 2 Days to 2 Weeks in Store.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: U.K.
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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