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Updated RecentlyGNC Franchise
Vitamin and nutritional products stores
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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How much does it cost to open a GNC Franchise?
The investment required to open a GNC Franchise is between $149,722-$388,630. There is an initial franchise fee of $40,000 which grants you the license to run a business under the GNC name.
Individual Unit Costs
- Initial Investment:
$149,722-$388,630 - Initial Franchise Fee:
$40,000 - Royalty Fee:
6% - Advertising Fee:
3% - Term of Agreement:
10 years - Renewal Fee:
Current franchise fee
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CLICKS Group will launch New York-listed health and wellness retailer General Nutrition Corporation (GNC) in South Africa through an exclusive franchise agreement, the company said on Wednesday
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Bond Laboratories, Inc. BNLB 0.00% , through its wholly owned operating division, NDS Nutrition Products ("NDS"), a national provider of innovative and proprietary nutritional supplements for health conscious consumers, introduces another exciting new product for the GNC(R) franchise system. LipoRUS...
GNC News & Press Releases
When did GNC start Franchising? 1988
United States: Nationwide
International: Worldwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | Yes | No |
| Payroll | No | Yes |
Other Financing Source(s): Signage & leasehold improvements
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
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)
To calculate how much income a franchise owner can do at GNC Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for GNC and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a GNC franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
GNC
GNC Franchising Inc.
300 6th Ave., 4th Fl.
Pittsburgh,
PA
15222