GNC Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$20,000
Investment required
$114,000 - $504,000
GNC: Leading the Way in Health and Wellness Innovation
GNC (General Nutrition Centers) is a well-established franchise in the health and wellness industry, specializing in vitamins, supplements, and nutritional products. The company was founded in 1935 by David Shakarian in Pittsburgh, Pennsylvania, where it remains headquartered today.
Originally a small health food store, GNC has grown into a global brand known for its commitment to helping people "Live Well." GNC began franchising in 1988, offering entrepreneurs the opportunity to join a trusted brand with a strong reputation in the health and wellness sector.
What sets GNC apart from its competition is its extensive range of exclusive products, innovative supplements, and strong brand loyalty among customers.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
| Type of Expenditure | New Franchise Store | Conversion |
| Initial Franchise Fee | $20,000 | $20,000 |
| Security Deposit | $2,500 | $2,500 |
| Equipment (POS & Peripherals, POS Secure Payment Terminal/System, Retail Tablet) | $5,000 to $7,000 | Not applicable |
| Computer (PC) and Printer | $1,000 to $2,000 | Not applicable |
| Signage | $8,500 to $20,000 | $0 to $20,000 |
| Fixtures | $7,500 to $38,000 | $0 to $38,000 |
| Construction and Other Store Costs | $35,000 to $250,000 | $35,000 to $186,000 |
| Pre-Construction Architectural and Engineering Consulting Fees | $5,000 to $7,500 | Not applicable |
| Project Management Fee | $5,000 | $0 to $5,000 |
| Opening Inventory | $80,000 to $85,000 | $31,000 to $113,000 |
| Utility Security Deposits | $1,500 to $3,000 | Not applicable |
| Business and Worker’s Compensation Insurance | $2,000 to $7,600 | Not applicable |
| Training Expenses | $1,500 to $3,000 | Not applicable |
| Miscellaneous Opening Costs | $3,000 to $4,000 | Not applicable |
| Rent/Leasehold Space—1 month | $1,219 to $19,042 | Not applicable |
| Additional Funds—3 months | $10,000 to $30,000 | Not applicable |
| Total Estimated Initial Investment | $188,719 to $503,642 | $113,719 to $460,142 |
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Franchise Disclosure Document
Training
The GNC franchise provides a comprehensive training program designed to equip franchisees with the knowledge and skills necessary to operate a successful health and wellness retail store. The training is structured around several key components:
- Initial Training Program: GNC offers an intensive initial training program that covers all aspects of running a GNC store. This training includes in-depth instruction on product knowledge, store operations, sales techniques, and customer service. Franchisees learn about the wide range of vitamins, supplements, and health products that GNC offers, as well as how to assist customers in selecting the right products for their needs.
- On-the-Job Training: In addition to classroom instruction, GNC provides hands-on training at an existing GNC location. This practical experience allows franchisees to understand the day-to-day operations of a GNC store, including inventory management, merchandising, and point-of-sale procedures. This on-the-job training is critical for preparing franchisees to manage their stores effectively from the start.
- Ongoing Support and Education: After the initial training, GNC continues to support franchisees with ongoing education and operational guidance. This includes access to new training materials, refresher courses, and continuous support from GNC’s corporate team. Franchisees also benefit from marketing support and regular updates on new products and industry trends, ensuring they can stay competitive in the ever-evolving health and wellness market.
Territory Protection
The GNC franchise may offer territory protection to its franchisees, but this protection is not guaranteed for every location and is subject to specific terms outlined in the franchise agreement. The decision to grant a protected territory is at GNC's discretion and is negotiated during the franchise agreement process.
If territory protection is provided, it ensures that no other GNC franchise can open within the designated area, allowing the franchisee to build and grow their business without facing direct competition from other GNC stores within that territory.
