My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue

Franchise: GNC Franchising

Initial Investment
LOW:$192,117
HIGH: $354,217
Change in Units
+0.1% +10 UNITS (1 Year)
+9.7% +598 UNITS (3 Years)

Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Ad Slicks
National Media

Training Onsite: 80 hours

Training at headquarters: 40 hours

Additional Training: At corporate store

Number of employees required to run: 3 - 4

About GNC Franchising

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.

Founded

1935

Franchising Since

1988 (29 Years)

Corporate Address

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

CEO

Bob Moran

Parent Company

General Nutrition Inc.

Ticker Symbol

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Financial Requirements

Initial Investment

$192,117 - $354,217

Net-worth Requirement

$100,000

Liquid Cash Requirement

$100,000

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

Free Franchise Consultation
Fran Choice We've helped over 5,000 people find the right franchise. Get a FREE consultation and find out how you can be next.
Start Now
Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Franchise Articles

The 5 Best Retail Franchises You Can Buy Right Now

Are you a natural salesperson? Then take full advantage with a retail franchise.

Why Fitness Franchises Are Booming

With aggressive expansion strategies and low membership costs, fitness clubs are looking to rapidly expand -- and franchisees are lining up to get in on the action.

Success Speaks For Itself: Whissle Hospitality Group

The co-founders of Whissle Hospitality Group –the company behind F&B brands like Okku, Claw and more in Dubai are all set to take their enterprise to the next level.

Why a Thriving Business Decided to Expand -- by Buying Into Two Franchises

The family behind a landscape company decided to go wider, not deeper, by investing in two different franchise systems.

Krispy Kreme Fell Apart, Then Came Back Strong. Here's How.

At one point, ice cream and soap was sold at the Krispy Kreme locations.

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: August 10th, 2017

Reprints & Licensing
Update Your Listing
Submit New Listing