GNC vs Prime I.V. Hydration & Wellness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of GNC vs Prime I.V. Hydration & Wellness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
GNC Franchise
Prime I.V. Hydration & Wellness Franchise
Investment $149,722 - $388,630$157,902 - $339,402
Franchise Fee $40,000$45,000
Royalty Fee 6%-
Advertising Fee 3%-
Year Founded 19352020
Year Franchised 19882020
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Current franchise fee-


Business Experience Requirements
 
GNC Franchise
Prime I.V. Hydration & Wellness Franchise
Experience --

Financing Options
 
GNC Franchise
Prime I.V. Hydration & Wellness 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
Prime I.V. Hydration & Wellness 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)

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Expansion Plans
 
GNC Franchise
Prime I.V. Hydration & Wellness 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 Prime I.V. Hydration & Wellness

Prime offers a disruptive healthcare solution to a problem where only 8-10% of oral consumption gets to tissues that need nutrients
  • Proven franchise system to grow a customer base quickly
  • Innovative model where IV drips deliver essential vitamins, minerals, amino acids & antioxidants directly to the body for 100% absorption
  • Be a part of the $3 trillion global wellness industry
  • Administer groundbreaking protocols to stimulate the immune system and overall health
  • Access a proprietary social media marketing system
  • Hands-on and online continuing education curriculum
  • Experience training from medical professionals
  • Benefit from a lucrative membership model to enhance revenue
  • Business is thriving after Covid-19

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