GNC Franchising
Vitamins and nutrition products
- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$150K - $389K
- Units as of 2019
-
6,019 10% over 3 years
Company Overview
As more people became interested in natural foods and better nutrition, Shakarian opened stores in other states and changed the company's name to General Nutrition Centers (GNC). GNC also began producing its own vitamin and mineral supplements, foods, drinks and cosmetics. They started franchising in 1988. With company and franchised stores throughout the U.S. and worldwide, GNC now focuses on vitamins and nutritional supplements.
About GNC Franchising
| Industry | Retail |
|---|---|
| Related Categories | Vitamin Stores,Miscellaneous Health Products |
| Founded | 1935 |
| Parent Company | General Nutrition Inc. |
| Leadership | Ken Martindale, CEO |
| Corporate Address | 300 6th Ave., 4th Fl. Pittsburgh, PA 15222 |
| Social | Facebook,Twitter,Instagram |
Business Overview
| Franchising Since | 1988(35 years) |
|---|---|
| # of employees at HQ | 600 |
| Where seeking | This company is offering new franchisees in the following US states: This company is offering new franchisees in the following international regions: |
| # of Units | 6,019(as of 2019) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a GNC Franchising 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
|
$40,000 |
|---|---|
| Initial Investment
|
$149,722 - $388,630 |
| Net Worth Requirement
|
$330,000 - $1,000,000 |
| Cash Requirement
|
$130,000 - $1,000,000 |
| Veteran Incentives
|
50% off first-store franchise fee |
| Royalty Fee
|
6% |
| Ad Royalty Fee
|
3% |
| Term of Agreement
|
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 | GNC Franchising offers in-house financing to cover the following: accounts receivable |
|---|---|
| Third Party Financing | GNC Franchising has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll |
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 | 80 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| #运行所需的员工 | 3-4 |
| Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like GNC Franchising? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where GNC Franchising landed on this year's Franchise 500 Ranking versus previous years.
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