What is the average salary of General Nutrition Centers Franchise Owner? General Nutrition Centers Franchise Owners earn $48,000 annually, or $23 per hour, which is 22% lower than the national average for all Franchise Owners at $60,000 annually and 32% lower than the national salary average for all working Americans.
Full Answer
How much does a GNC franchise make?
The salary for Franchise Owner at General Nutrition Centers is $48,000 annually.
How much does a GNC store owner make?
How much money does a GNC franchise make? GN Centers Franchise Owners earn $48,000 annually, which is 22% less than the national average of $60,000 for all Franchise Owners and 32% less than the average wage of all American workers.
How much does it cost to own a GNC?
How much does GNC Store franchise cost? GNC Store has the franchise fee of up to $40,000, with total initial investment range of $180,504 to $347,270.
How much do franchise owners pay themselves?
Percent fees are based on total gross sales and are usually between 5 – 9%.
Who is GNC owned by?
In September 2020, the bankruptcy court in Delaware approved the sale of GNC for $770 million to Harbin Pharmaceutical Group. The company emerged from the Chapter 11 process under the new ownership of Harbin Pharmaceutical Group in October 2020.
How many GNC franchises are there?
How many GNC stores are there in the United States? There are 2,274 GNC stores in the United States as of October 12, 2022. The state with the most number of GNC locations in the US is Texas, with 258 stores, which is about 11% of all GNC stores in the US.
Are GNC stores franchised?
We have been the industry standard of health and wellness solutions since 1935, partnering with our franchise operators to help them achieve their dreams since 1988. For over two decades, Entrepreneur magazine has consistently ranked us the #1 Vitamin Retail Franchise.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
How many hours do franchise owners work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
Is Vitamin Shoppe a franchise?
Our franchise process has six key steps. The process can take from 6 to 9 months. The purpose of the franchise application is to help both the Vitamin Shoppe and the prospective franchisee evaluate the market opportunity and build a business case to support the required investment .
Where are GNC vitamins made?
The supplements manufacturing business of GNC now operates two facilities, one in Greenville, SC with 320,000 square feet and one in Anderson, SC totalling 630,000 square feet of production and warehousing.
Do people feel that they are paid fairly for their work at GNC?
Indeed’s Work Happiness survey asked over 1,543 current and former employees whether they feel they are paid fairly for their work. Of the responde...
How often do you get pay raises at GNC?
Indeed’s survey asked over 715 current and former employees how often they received pay raises when they worked at GNC. Most respondents said they...
Do you get paid sick days at GNC?
Indeed’s survey asked over 1,464 current and former employees how many paid sick days they received for their role. Respondents said they received...
What kind of flexibility benefits can you get at GNC?
To find out what kind of flexibility benefits GNC offers, Indeed’s Work Happiness survey asked over 238 current and former employees. Respondents r...
Do you get paid time off at GNC?
Indeed’s survey asked over 1,464 current and former employees how many paid vacation days they received for their role. Respondents said they recei...
How much vacation and PTO did you get at GNC?
We asked over 1,464 current and former employees how many paid vacation days they received for their role. Respondents said they received no paid v...
Is the pay good at GNC?
Yes, the pay is good at GNC. Compared to the industry average of $31,379 per year, the average annual salary at GNC is $30,000, which is 4% lower.
What is the starting salary at GNC?
The starting salary at GNC is $15,000 per year, or $14.42 per hour.
How much does GNC pay compared to Vitamin World?
GNC pays $30,000 per year on average compared to Vitamin World which pays $32,760. That works out to $14.42 per hour at GNC, compared to $16 per ho...
How much does GNC pay?
How much does GNC in the United States pay? Average GNC hourly pay ranges from approximately $7.25 per hour for Sales Coordinator to $17.00 per hour for Help Desk Analyst.
How much does GNC in the United States pay?
Average GNC hourly pay ranges from approximately $7.91 per hour for Sales Assistant to $21.84 per hour for Stocking Associate.
How Much Does GNC Pay?
The national average salary for an employee at GNC is $30,710 per year or $14.76 per hour. There is a significant gap between the bottom 10 percent of earners and the top 10 percent of earners. The lowest-paid workers at GNC make less than $15,000 a year, while the highest-paid workers can earn over $59,000. Show More
How much does a sales representative make at GNC?
A typical sales representative salary at GNC is $72,062 per year. To get a better sense of the salaries at GNC, other roles such as picker and packer and cashier can be considered as well. For comparison, the title picker and packer at GNC earns $24,683 per year.
What companies are similar to GNC?
Based on our research, similar companies to GNC are Movado, Build-A-Bear Workshop, and Tradehome Shoes. Employees at Movado earn more than most of the competition, with an average yearly salary of $44,215. Employees at Build-A-Bear Workshop earn an average of $43,213 per year, and the employees at Tradehome Shoes earn an average salary of $42,833 per year.
How much does it cost to open a GNC franchise?
The estimated investment required to open a GNC Franchise is between $149,722-$388,630. There is an initial franchise fee of $40,000 which grants you the license to run a business under the GNC name.
What is GNC Holdings?
(NYSE: GNC), the nation's largest specialty retailer of health and wellness products, today noted that it has been named the top Health & Beauty franchise in the world on the Top 100 Global Franchises list from Franchise Direct.
What is GNC in nutrition?
GNC likewise started delivering its own vitamin and mineral supplements, sustenances, beverages and beautifiers . It began diversifying in 1988.
How much did Shakarian spend in his first day?
Starting with $35 in receipts his first day, Shakarian extended to six Pittsburgh-territory stores in five years. As more individuals got to be distinctly keen on common ...
When will GNC stores close?
Driving vitamin and supplements brand GNC Holdings, Inc. (NYSE: GNC) reported today that every single corporate store will close on December 28 and revive on December 29, when GNC will give clients a significantly enhanced involvement with the dispatch of One New GNC (#ONEnewGNC).
Do international franchisees have to buy multiple units?
International franchisees required to buy multiple units/master licenses; 65% of all franchisees own more than one unit
Does GNC sell vitamins?
With organization and diversified stores all through the United States and around the world, GNC now concentrates on vitamins and dietary supplements.The 'GNC Live Well' store design offers a full line of supplements in addition to fragrance based treatment, shower and spa items.
Who is the CEO of GNC?
4. In early August 2018, GNC announced that its Board of Directors had unanimously approved the appointment of CEO Ken Martindale to the additional role of Chairman, effective immediately. Martindale succeeds Bob Moran, who will remain on the board and assume the role of Lead Independent Director.
How long has GNC been open?
Below is an historical financial performance representation that is based on information from existing franchised GNC stores that have been open for business to the public within the United States for at least one year during a one-year measuring period from January 1, 2017 through December 31, 2017.
What is GNC Smoothie Lab?
GNC Smoothie Lab: Order delicious and healthy drinks, grab-and-go snacks, and other prepared meals made with high-quality ingredients and top GNC products at the GNC Smoothie Lab.
How many GNC stores were open in 2017?
2017 average, median, highest, and lowest gross retail sales for the 1,065 franchised GNC Stores that were open and operating in the United States as of December 31, 2017 and had been in business continuously from January 1, 2017 through December 31, 2017
Where was GNC founded?
15. GNC traces its history to 1935 when founder David Shakarian opened his first health food store, called Lackzoom, in downtown Pittsburgh, Pennsylvania. Lackzoom specialized in yogurt – a food that Shakarian’s father helped introduce in the United States – but also sold other healthy foods such as honey, grains, and “healthy sandwiches.”
When did Hayao invest in GNC?
1. In mid-February 2019, GNC announced that Harbin Pharmaceutical Group Co., Ltd. (“Hayao”) had completed the final $150 million investment of Hayao’s previously announced $300 million strategic investment in the company. Hayao completed the funding of the first $150 million of its strategic investment in GNC in two installments: $100 million on November 8, 2019 and an additional $50 million on January 2, 2019. The closing of the Hayao investment represents the culmination of a year-long effort to complete the partnership between Hayao and GNC and enhances the company’s capital position.
Where is the GNC store in Pittsburgh?
7. At the beginning of December 2018, GNC announced the grand opening of its first experiential store in South Hills Village Shopping Center in Pittsburgh, Pennsylvania. The new store incorporates several unique offerings to allow consumers to customize their wellness regimen.
GNC Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD)
A New Franchise Store may be awarded to a new franchisee, an existing franchisee, or an employee of the franchisor pursuant to its employee program. The initial franchise fee for a New Franchise Store is $20,000 for a new franchisee.
For a New Store
A New Franchise Store may be awarded to a new franchisee, an existing franchisee, or an employee of the franchisor pursuant to its employee program. The initial franchise fee for a New Franchise Store is $20,000 for a new franchisee.
What are the requirements to get a franchise in GNC?
This includes credit approval from your bank, financial statement showing that you have the capital to start the business, and a background check on health.
What is GNC nutrition?
General Nutrition Centers (GNC) Franchising Inc. has been one of the world’s leading vitamin s and nutrition provider for the past decades. Started in 1935, the company now offers full line of mineral supplements, diet foods and drinks, and cosmetics.
Does GNC franchise allow absentee ownership?
The company will also require you to pay an ongoing royalty fee of six percent of your total annual gross. The company does not allow absentee ownership of franchise. Opportunity in the GNC franchise is simply endless, especially now that people are looking to a more healthy options and lifestyle.
What is the salary for Franchise Owner at General Nutrition Centers?
The salary for Franchise Owner at General Nutrition Centers is $48,000 annually.
How much does a general nutrition center make?
General Nutrition Centers Franchise Owners earn $48,000 annually, or $23 per hour, which is 22% lower than the national average for all Franchise Owners at $60,000 annually and 32% lower than the national salary average for all working Americans. The highest paid Franchise Owners work for Dunkin' Donuts at $124,000 annually and the lowest paid Franchise Owners work for Bonus Building Care at $23,000 annually.
