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2021 Franchise 500 Rank
N/R Ranked #195 last year
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Initial investment
$150K - $389K
Units as of 2019
6,019 -10.8% 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
Founded
1935
Parent Company
General Nutrition Inc.
Leadership
Ken Martindale, CEO
Ticker Symbol
GNC

Franchising Overview

Franchising Since
1988 (33 years)
# of employees at HQ
600
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
6,019 (as of 2019)

Franchisor Information

Corporate Address
300 6th Ave., 4th Fl.
Pittsburgh, PA 15222

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
$40,000
Initial Investment
$149,722 - $388,630
Net Worth Requirement
$330,000 - $1,000,000
Cash Requirement
$130,000 - $1,000,000
Veteran Incentives
50% off first-store franchise fee
Royalty Fee
6%
Ad Royalty Fee
3%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
Additional Training
At corporate store
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?
No
Can this franchise be run part time?
No
# of employees required to run
3
Are exclusive territories available?
Yes

Franchise 500 Ranking History

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

Additional Rankings

Curious to know where GNC Franchising ranked on other franchise lists? Find out below.

Ranked #49

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021