• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Only
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

What Every Prospective Franchisee Needs to Know Before Investing in a GNC Franchise

Last updated on December 17, 2011 by Franchise Chatter Leave a Comment
in Franchise Reviews

The Franchise Chatter Blog’s List of 20 Things Every Prospective Franchisee Needs to Know Before Investing in a GNC Franchise

GNC Franchise Business Model

1.  GNC is the world’s leading specialty retailer of vitamins and mineral supplements, sports nutrition, and herbal products.

America's Most Lucrative Franchises of the Year

2.  With 94% brand awareness among consumers and a US store base that is more than 12 times larger than its nearest specialty retail competitor, GNC enjoys a loyal following of customers who rely on GNC to provide the products and information they need to live a healthy lifestyle.

3.  Favorable health and wellness trends help make the vitamin and supplements industry fundamentally strong. With the aging population, rising health care costs and a growing emphasis on fitness, wellness and prevention, GNC’s core products of vitamins and sports nutrition are stable and continue to grow.

4.  The dietary supplement industry alone is approaching $27 billion, and GNC is a leader in this category.

5.  Surveys show that 3 in 4 consumers trust GNC to provide the highest quality products on the market. With 150 quality checks, GNC guarantees that customers get what they pay for — or their money back.

6.  GNC is a strong advocate of truth in labeling — when a customer reads a GNC label, they know exactly what they are getting.


🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



💰How Much Franchise Can You Afford? Use Our Free Financial Calculator


7.  GNC’s Medical Advisory Board — a team of credentialed medical and nutrition professionals — provides GNC with wellness information, professional insight and sound advice, which are then passed on to GNC’s customers to help them lead healthier lives.

8.  Ensuring the highest product quality is a top priority for GNC.  From scientific research and new product discovery to the manufacturing and packaging processes, GNC sets the standard in the nutritional supplements industry.

9.  GNC is a vertically integrated manufacturer with state-of-the-art distribution centers located in Pittsburgh, Pennsylvania, Anderson, South Carolina and Phoenix, Arizona. Using a private fleet of 87 over-the-road tractors and 121 temperature-controlled trailers, GNC is able to move product safely and efficiently from their warehouses to their stores.

GNC Photo by dugspr



Learn Which Franchises Can Make You Rich
GNC Franchise History and Growth

10.  From a single store in downtown Pittsburgh in 1935, GNC now has more than 7,100 retail locations throughout the United States and in 45 international markets.  GNC owns and operates its own stores, alongside its franchise partners.

Franchises Ranked by Average Revenues and Profits

GNC Franchisee Training

11.  New franchisees undergo a comprehensive 3-phase training, which includes in-store and classroom training.

12.  One of GNC’s franchise support professionals will be on hand to assist the franchisee throughout the opening week and beyond.

13.  Ongoing training is transmitted through the company’s franchisee-exclusive intranet system, which offers online access to operations and merchandising information, sales and product information, corporate news, and communications with GNC’s support staff.

GNC Franchisee Support

14.  GNC provides support to new franchisees in the following areas:  financing options, site selection assistance, lease negotiations, computer-aided drafting and store design.

15.  Marketing support to franchisees come in the form of:  TV and print advertisements, point of sale materials, local and national promotions, public relations opportunities, local market print-fulfillment program, merchandise planning, continual consumer and market research, and Grand Opening materials.

GNC Franchise Costs

16.  The total initial investment to open a GNC franchise store ranges from $128,650 to $260,850.

17.  The initial franchise fee is $40,000 and the ongoing royalty fee is 6% of gross sales.

GNC Franchise Accolades

18.  In 2011, Entrepreneur Magazine ranked GNC Franchising #40 in its Franchise 500 list, and #37 in its list of America’s Top Global Franchises.

Franchise Chatter’s Take on GNC:

19.  Pros:  easy business to operate, reasonable working hours (typical mall hours), minimal labor expenses

20.  Cons:  competitive space with lots of (cheaper) alternatives available practically everywhere; high franchise fee and royalty fee, especially if margins are typical retail margins.  (I prefer the business model of Matco Tools where the franchisee-distributor pays no franchise fee or ongoing royalty fee.  Matco makes money solely on the sales of its products.)


🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)



💰How Much Franchise Can You Afford? Use Our Free Financial Calculator





Franchise Winners and Losers Last Year

Tagged as: GNC

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: Franchise Chatter Exclusive: Q&A with Larry Sidoti, Yogurtland's VP of Development and Operations

Next post: The Appeal of a Sylvan Learning Franchise

Primary Sidebar

🎯Find GOOD Franchises in Your Target Industries That Are STILL Available in Your Area (Free Tool)

💰How Much Franchise Can You Afford? Use Our Free Financial Calculator

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

🚀 Daily FDD Talk Posts

QC Kinetix Franchise

Annex Brands Franchise

Steak ‘n Shake Franchise

Garage Force Franchise

Pet Butler Franchise

Kilwins Chocolates Franchise

Matco Tools Franchise

Firehouse Subs Franchise

Mr. Handyman Franchise

GarageExperts Franchise

Tropical Smoothie Cafe Franchise

Moe’s Southwest Grill Franchise

Tim Hortons Franchise

Toppers Pizza Franchise

Sonic Drive-In Franchise

Elements Massage Franchise

Wild Birds Unlimited Franchise

Qdoba Mexican Eats Franchise

Great Harvest Franchise

Snap-On Franchise

Mathnasium Franchise

Beef Jerky Experience Franchise

Ellie Mental Health Franchise

Miracle Method Franchise

LearningRx Franchise

Ellianos Coffee Franchise

The Patch Boys Franchise

Grasons Estate Sales Franchise

Style Encore Franchise

Music Go Round Franchise

Play It Again Sports Franchise

Plato’s Closet Franchise

Once Upon A Child Franchise

Jeremiah’s Italian Ice Franchise

The Maids Franchise

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Salon Suites Franchises

Best Property Management Franchises

Best Laboratory Services Franchises

Best Staffing/Recruiting Franchises

Best Real Estate Franchises

Most Profitable Franchises

Top Low Cost Franchises

Franchise Chatter uses affiliate links for Franchise Help and Franchise Brokers Association.

Franchise Chatter © 2022