GNC Franchising
#15

Initial Investment

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

Change in Units

+1.9% +127 UNITS (1 Year)
+8.7% +588 UNITS (3 Years)

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Promoted Opportunities

Company Profile

Founded

1935

Franchising Since

1988 (28 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

Franchise 500® Rank History

Highest Rank: 15

Lowest Rank: 68

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
Regional Media

Number of employees required to run: 3 - 4

Related Franchises

Related Articles

Why You Should Buy a Franchise Instead of Starting Your Own

Why You Should Buy a Franchise Instead of Starting Your Own

Hoping to be your own boss? One franchise expert outlines the plus side of buying a franchise
Rick Grossmann
The 10 Hottest Franchise Business Categories

The 10 Hottest Franchise Business Categories

Each of these companies has an unquenched capacity for growth.
Tracy Stapp Herold
To Franchise or Not to Franchise: How to Decide.

To Franchise or Not to Franchise: How to Decide.

Franchising can be a great model, but it's not the only option.
This Holiday Chore Helped A Window-Washing Business Grow

This Holiday Chore Helped A Window-Washing Business Grow

They turned a chore into a business.
172 New Franchise Companies Hoping to be the Next Big Thing

172 New Franchise Companies Hoping to be the Next Big Thing

Fresh opportunities that have emerged in just the past three years.
Tracy Stapp Herold

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

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012