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GNC Franchising
#65

Initial Investment

LOW: $192,117
HIGH: $354,217

Change in Units

+0.1% +10 UNITS (1 Year)
+9.7% +598 UNITS (3 Years)

Company Profile

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

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.

Financials

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

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

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: At corporate store

Ongoing Support
Newsletter
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Ad Slicks
National Media

Number of employees required to run: 3 - 4

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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 17th, 2016

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