GNC Franchising
#142 Franchise 500| Vitamins and nutrition products
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

About
Founded

1935

Franchising Since

1988 (31 Years)

Corporate Address

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

CEO

Ken Martindale

Parent Company

General Nutrition Inc.

Ticker Symbol

GNC

Financial Requirements
Initial Investment

$188,187 - $467,983

Net-worth Requirement

$330,000 - $1,000,000

Liquid Cash Requirement

$130,000 - $1,000,000

Ongoing Fees
Initial Franchise Fee

$40,000 - $40,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

3%

Financing Options

GNC Franchising offers in-house financing to cover the following: accounts receivable

GNC Franchising has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, payroll

Veteran Incentives

50% off first-store franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

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

On-The-Job Training:

80 hours

Classroom Training:

40 hours

Additional Training:

At corporate store

Number of Employees Required to Run:

3 - 4

GNC Franchising is ranked #142 in the Franchise 500!
Bio
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.

Cost
Initial Investment: Low - $188,187 High - $467,983
Units
-3.2%-213 UNITS (1 Year) -5.3%-357 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Chick-fil-A Is Now the 3rd-Largest Restaurant Chain in America, and McDonald's and Starbucks Should be Terrified

Chick-fil-A moved up from the No. 7 spot on last year's Top 200 ranking, passing Wendy's, Burger King, Taco Bell and Subway.

Austin Campbell Breaks Down Why He Owns 13 Sola Franchises

He was one of the first Sola franchisees and has experienced continued success. His number 1 reason: supporting beauty entrepreneurs and celebrating their successes.

What Franchises Should Look For In a Marketing Firm

Reaching customers (and potential franchisees) is part art, part science. Three industry vets offer advice on finding a marketing and social media firm that strikes the right balance.

You Can't Buy a Starbucks Franchise: Here's Why and What You Can Do Instead

You can't get a Starbucks franchise, but you might be able to apply for a licensed store.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 26th, 2018