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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$150K - $389K
Units as of 2019
6,019 Decrease 10% over 3 years

Company Overview

In 1935, David Shakarian started a health-food store in Pittsburgh called Lackzoom. It specialized in yogurt (which his father had helped introduce to the U.S.), but also carried health-food products such as honey and grains. Beginning with $35 in receipts his first day, Shakarian expanded to six Pittsburgh-area stores in five years.

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 (36 years)
# of employees at HQ 600
Where seeking

This company is offering new franchises in the following US states:

This company is offering new franchises 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 Information Circle
$40,000
Initial Investment Information Circle
$149,722 - $388,630
Net Worth Requirement Information Circle
$330,000 - $1,000,000
Cash Requirement Information Circle
$130,000 - $1,000,000
Veteran Incentives Information Circle
50% off first-store franchise fee
Royalty Fee Information Circle
6%
Ad Royalty Fee Information Circle
3%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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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? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 3-4
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where GNC Franchising landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022