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Updated RecentlyGNC vs Liquid Nutrition Group Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of GNC vs Liquid Nutrition Group including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $149,722 - $388,630 | $150,000 - And Up |
| Franchise Fee | $40,000 | $35,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 3% | 2%local + 2%Co-op |
| Year Founded | 1935 | 2004 |
| Year Franchised | 1988 | 2011 |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 years |
| Renewal Fee | Current franchise fee | - |
Business Experience Requirements |
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| Experience | - | *A dedication to personal health and well-being *Familiarity with the food service industry. *Ambitious, energetic and highly motivated, possessing strong leadership skills and organizational experience. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | Yes/No | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
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| Training | On-The-Job Training: 80 hours Classroom Training: 40 hours Additional Training: At corporate store | - |
| Support | Newsletter Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Ad Templates National Media Social media SEO Email marketing Loyalty program/app | - |
| Operations |
International franchisees required to buy multiple units/master licenses; 65% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Franchisees have the opportunity to purchase single and multi-unit investments. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | Yes | Yes |
Company Overviews
About GNC
In 1935 David Shakarian began a wellbeing sustenance store in Pittsburgh called Lackzoom. It spent significant time in yogurt (which his dad had acquainted with the United States), additionally conveyed wellbeing nourishment items, for example, nectar and grains. Starting with $35 in receipts his first day, Shakarian extended to six Pittsburgh-territory stores in five years.
As more individuals got to be distinctly keen on common nourishments and better sustenance, Shakarian opened stores in different states and changed the organization's name to General Nutrition Centers (GNC). GNC likewise started delivering its own vitamin and mineral supplements, sustenances, beverages and beautifiers. It began diversifying in 1988.
With organization and diversified stores all through the United States and around the world, GNC now concentrates on vitamins and dietary supplements.The 'GNC Live Well' store design offers a full line of supplements in addition to fragrance based treatment, shower and spa items.
Veteran Incentives 50% off first-store franchise fee
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About Liquid Nutrition Group
A Remarkable Turnkey Opportunity in the Health and Nutrition Industry Single and Multi-Unit Investments Available! INVEST IN YOUR PASSION FOR HEALTHY LIVING Society's growing focus on healthy living has offered an outstanding opportunity. Several players have stepped up to serve an emerging demand in the smoothie market - none does it as well as Liquid Nutrition. Liquid Nutrition offers this ever-growing demographic the one-stop shopping convenience of nutritious functional beverages, healthy food items, sports supplements and high-quality vitamins all under one roof. A publicly traded company (LQD.V), Liquid Nutrition provides a remarkable and rewarding ground floor opportunity to be part of the next generation in health and nutrition concepts. Join a progressive company championed by elite athletes and guided by an exceptional management team. If you share our dedication to maintaining good health and peak performance, Liquid Nutrition presents an exceptional opportunity to live your beliefs in an easy-to-operate franchise. Plus, Liquid Nutrition franchisees reap the benefits of being part of the dream team - Steve Nash (NBA), Matt Ryan (NFL), Russell Martin (MLB), Vincent Lecavalier (NHL), Suzann Pettersen (LPGA) and Torah Bright (Gold Medalist) who embody the Liquid Nutrition mantra and vision. For more information, please contact: Glenn Young, President LIQUID NUTRITION GROUP INC. e-mail: [email protected] tel: 905-815-1112