GNC vs Hydrate IV Bar Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of GNC vs Hydrate IV Bar including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
GNC Franchise
Hydrate IV Bar Franchise
Investment $149,722 - $388,630$167,850 - $381,000
Franchise Fee $40,000N/A
Royalty Fee 6%-
Advertising Fee 3%-
Year Founded 19352016
Year Franchised 19882020
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Current franchise fee-


Business Experience Requirements
 
GNC Franchise
Hydrate IV Bar Franchise
Experience --

Financing Options
 
GNC Franchise
Hydrate IV Bar Franchise
  In-House/3rd PartyIn-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
 
GNC Franchise
Hydrate IV Bar Franchise
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)

-

Expansion Plans
 
GNC Franchise
Hydrate IV Bar Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion 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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#195 in Franchise 500 for 2020.

 

About Hydrate IV Bar

"Hydrate

Hydrate IV Bar is a collection of IV therapy spas promoting wellness from within since 2016. With comfortable chairs, soothing music and a menu of services for illness, wellness, recovery, and beauty, Hydrate IV Bar is a place for you to relax, recharge and refresh your routine.
Headquartered in Denver, Colorado, Hydrate IV Bar launched their nationwide franchise program in 2020.
Now is the time to get in on thee ground floor, before someone else acquires the territory you wish.