Franchimp Summary Rating
Higher than 89% of peers
Lower than 42% of peers
Franchise Summary
Description
The franchise described in this disclosure document isfor the establishment and operation of a GNC retail store specializing in the sale of vitamins, minerals and other food supplements, natural cosmetics and other health management items
Company Background
GNC is a global company that specializes in the sale of vitamins, minerals and other food supplements, natural cosmetics and other health management items. GNC commenced operations in April 1935 when it opened its first store on 12th Street near Pennsylvania Avenue in Pittsburgh, Pa. The Company's common stock is listed for trading on NASDAQ under the ticker symbol "GNC".
Franchise Opportunity
The franchise described in this disclosure document is for the establishment and operation of a GNC retail store specializing in the sale of vitamins, minerals and other food supplements, natural cosmetics and other health management items. In today's fast-paced world, people are more aware than ever about their personal health. They want to live longer lives while enjoying higher quality of life through improved nutrition and exercise habits. This has created an enormous market for products that help people achieve optimum levels of wellness. Unfortunately, many consumers have difficulty finding high quality products at affordable prices from local retailers who can provide expert advice on how to use these products effectively By purchasing a GNC franchise you will be joining one of the most recognized names in nutritional supplements with over 5800 stores worldwide! You'll also enjoy our proven business model which includes top-quality support systems throughout your entire ownership experience including marketing assistance from corporate headquarters as well as regional support staffs located across North America to
Corporate Structure
General Nutrition Corporation is a Pennsylvania corporation. Their principal business address is 300 Sixth Avenue, Pittsburgh, Pennsylvania 15222.
Royalties and Marketing Fees
Royalties : 6.0% of revenue
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Food Retail (Grocery, Specialty Foods) Industry$598,510 / unit
Franchise Type: Standard
Average Revenue During 2021
Franchisee Attrition
This franchise's rate of attrition in 2020
of 18.41%
was
Slightly Higher
than the 10% in the Food Retail (Grocery, Specialty Foods) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of GNC Franchisees
GNC Franchise System Development in 2022
FAQ
How much investment do I need to start my own GNC business?
Franchisees typically require at least $188 to $503 investment to get their GNC business started
What are the initial franchise fees for GNC?
Franchisees typically need to pay at least $168 in fees directly to GNC in order to earn the right to launch their business
How much money can I make with a GNC franchise? What are
the average revenues for a typical GNC business?
We estimate that the average revenue of an individual
GNC unit is approximately
$598,510. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a GNC unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$188,719 to $503,642
which is
Much Lower
than the $0 to $0 average in the Food Retail (Grocery, Specialty Foods) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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