The Vitamin Shoppe Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$39,900
Investment required
$529,000 - $977,000
The Vitamin Shoppe: Your Partner in Health and Wellness
Founded in 1977 in New York City, The Vitamin Shoppe is a premier retailer of nutritional products, including vitamins, supplements, and sports nutrition. Headquartered in Secaucus, New Jersey, the brand began franchising in 2021 and operates over 700 locations nationwide.
The Vitamin Shoppe stands out for its knowledgeable Health Enthusiasts®, who offer personalized guidance to customers, and its focus on innovation, staying ahead of health trends with a dynamic product selection.
With a commitment to quality and customer care, The Vitamin Shoppe has become a trusted leader in promoting health and wellness for all.
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 |
Amount |
| Initial Franchise Fee |
$39,900 |
| Leasehold Improvements |
$0 - $171,000 |
| Furniture, Fixtures and Equipment |
$172,000 - $192,000 |
| Interior and Exterior Signage |
$40,000 - $57,000 |
| Rent (3 Months) |
$0 - $91,000 |
| Security Deposit |
$0 - $26,000 |
| Opening Inventory and Supplies |
$204,000 - $226,000 |
| Grand Opening Advertising |
$10,000 |
| Training Expense |
$2,000 - $5,000 |
| Miscellaneous Opening Costs |
$0 - $10,000 |
| New Store Set-up Costs |
$10,000 |
| Additional Funds – 3 Months |
$51,000 - $139,000 |
| Total Estimated Initial Investment |
$528,900 - $976,900 |
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Franchise Disclosure Document
Training
The Vitamin Shoppe franchisor provides comprehensive training to its franchisees to ensure smooth store operations and adherence to brand standards. This includes:
- Initial Training: Store managers and assistant managers must complete initial training to the franchisor's satisfaction. This program covers the franchise's philosophy, operational procedures, and brand standards. Training may occur at a company-owned store, designated locations, or via digital means.
- Ongoing Training: Franchisees may be required to participate in ongoing and supplemental training programs provided by the franchisor or third parties. This training is offered periodically throughout the franchise term.
- Employee Training: Franchisees are responsible for properly training store employees. The franchisor may provide tools and recommendations to assist in this process and updates these materials to align with evolving standards.
- Conferences and Meetings: Representatives such as store owners or managers are required to attend periodic meetings, conferences, or conventions. The franchisee covers all related expenses and any fees imposed for these events, even if attendance is excused.
- Retraining: If the franchisor deems retraining necessary due to non-compliance with brand standards, it must be attended at the franchisee's expense. This includes fees for trainers and associated travel costs.
Territory Protection
The Vitamin Shoppe does not offer franchisees exclusive territorial protection, but it does provide an "Area of Protection" around each store. This area is defined in the Franchise Agreement, typically encompassing approximately 25,000 households based on demographic reports.
While this provides some degree of operational space, franchisees may still face competition from other franchisees, company-owned outlets, or distribution channels managed by the franchisor. Additionally, the franchisor reserves the right to compete within these areas through various channels, as the Area of Protection does not equate to exclusivity.
The size and boundaries of this area are determined before signing the Franchise Agreement, or later if the store location has not yet been finalized. This arrangement ensures a balanced approach, offering franchisees some protection while maintaining flexibility for the franchisor's business strategies.
