GNC FDD – Franchise Information, Costs and Fees
Type of Business
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, and beauty and other health management items.
Corporate Information
GNC Holdings, LLC is a Delaware limited liability company. Their principal business address is 75 Hopper Place, Suite 501, Pittsburgh, Pennsylvania 15222. They conduct business under their corporate name and under the names “GNC,” “General Nutrition Centers,” and “GNC Live Well.” Their immediate predecessor was General Nutrition Corporation, which was the franchisor from January 1, 2009 to October 7, 2020. On September 18, 2020 the United States Bankruptcy Court for the District of Delaware entered an order approving the sale of substantially all of the assets of debtors to Harbin Pharmaceutical Group Holding Co., Ltd., their ultimate parent company. The closing of the sale occurred on October 7, 2020.
Investment
The total investment necessary to begin operation of a single new GNC franchise store is $187,219 to $503,642; and to convert a single company-owned GNC store to a GNC franchise store is $112,219 to $460,142; and to include a Smoothie Bar in the store is $32,000 to $65,000. This includes the following amounts that must be paid to the franchisor or affiliate: $167,000 to $435,000 for a new GNC franchise store; and $93,500 to $391,500 to convert a company-owned GNC store to a GNC franchise store; and $1,000 to include a Smoothie Bar in the store. The total investment necessary to begin operation of the first GNC franchise store under a two- store Area Development Agreement is $194,719 to $511,142. This includes $174,500 to $442,500 that must be paid to the franchisor or affiliate. This does not include the development rights fee, if any, that the franchisor may charge. You must agree to develop and open a minimum of two GNC stores under an Area Development Agreement.
