Who is the Vitamin Shoppe®?
The Vitamin Shoppe® is a brand leader in the $50B vitamins, minerals, and supplements industry, with 680 locations and more than 40 years of proven success. Turn your passion for health & wellness into a business with huge potential for growth.
How do you become an owner of the Vitamin Shoppe franchise?
To become an owner of The Vitamin Shoppe franchise, candidates must have a minimum net worth of $750,000 and a minimum liquidity of $200,000. A background in franchising and multi-unit experience is desirable. The Vitamin Shoppe has been dedicated to good health since 1977.
How many VitaPath stores are there in Canada?
It also operated three stores in Canada under the name VitaPath from January 2013 until March 2016. The company provides approximately 7,000 different SKUs of supplements through its retail stores and over 17,000 different SKUs of supplements through its retail websites.
How much is it to franchise a Vitamin Shoppe?
How much does The Vitamin Shoppe franchise cost? The Vitamin Shoppe has a franchise fee of up to $40,000, with a total initial investment range from $354,000. Initial Investment: $354,000 - $955,000.
Is The Vitamin Shoppe a private company?
In 2002, Vitamin Shoppe Industries was sold to an affiliate of Bear Stearns Merchant Banking, a private equity unit of Bear Stearns, for approximately $310 million....The Vitamin Shoppe.TypeSubsidiaryParentFranchise Group, IncWebsitevitaminshoppe.com7 more rows
What company owns The Vitamin Shoppe?
Franchise GroupThe Vitamin Shoppe / Parent organizationFranchise Group, Inc., is an American publicly traded holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, Pet Supplies Plus, Sylvan Learning and Badcock Home Furniture. Wikipedia
How much does it cost to open a Nutrishop?
$112,000 to $207,795Ready to get started? Qualified applicants are eligible to open a Nutrishop store in a desirable territory with an estimated initial investment ranging from $112,000 to $207,795 and no ongoing royalties or marketing fees.
Are Vitamin Shoppe products good quality?
Vitamin Shoppe's product quality score is a 3.7 out of 5 as rated by its users and customers. Reviewers from the Healthcare, Hospitals and Medicine industry rated Vitamin Shoppe's product the highest.
Who is the CEO of The Vitamin Shoppe?
Sharon M. Leite (Aug 27, 2018–)The Vitamin Shoppe / CEO
What companies does franchise group own?
Franchise Group's business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Badcock Home Furniture & more, Buddy's Home Furnishings and Sylvan Learning.
How many locations does Vitamin Shoppe have?
At VitaminShoppe.com, our app, and in 700+ stores across the country, you'll find a huge assortment of high-quality, cutting-edge supplements, proteins, healthy weight support, aromatherapy, herbs, superfoods, natural beauty products, and more.
What happened to Vitamin Shoppe stock?
GNC declared bankruptcy last year and Vitamin Shoppe lost 90 percent of its stock price since a 2013 peak. Industry analysists cite the decline of in-person retail, particularly in the realm of health spending.
Are supplement stores profitable?
How much profit can a Supplement Store make? The average supplement store can make $100,000 per year in income. The industry's average profit margin is around 38 percent. Maintain a consistent profit margin, as source product costs can easily cut into your store's profits.
How much money do you need to start a supplement company?
Startup costs for a supplement company range from $7,500 to $15,000 or more. The main cost is the manufacturing of your first products, so you might start with a small quantity to keep costs low. But keep in mind that most manufacturers have a minimum order amount.
How many Nutrishop locations are there?
Download the complete database of NUTRISHOP locations in United States. You can download the complete list of 1092 NUTRISHOP location data as an Excel file, along with geo coded address, phone numbers and open hours from our data store.
What is the ticker symbol for Vitamin Shoppe?
VSIVitamin Shoppe Inc (VSI)
How many locations does Vitamin Shoppe have?
At VitaminShoppe.com, our app, and in 700+ stores across the country, you'll find a huge assortment of high-quality, cutting-edge supplements, proteins, healthy weight support, aromatherapy, herbs, superfoods, natural beauty products, and more.
How old is the CEO of The Vitamin Shoppe?
age 53Leite, age 53, is a retail veteran with over 25-years of experience.
How many GNC locations are there?
GNC (company)TypePrivateFounded1935 Registered: September 1, 1936FounderDavid ShakarianHeadquarters75 Hopper Street, Strip District, Pittsburgh, Pennsylvania, United StatesNumber of locations4,100 GNC stores in approximately 65 countries) 1,957 (International, 2016)9 more rows
Why franchise with Vitamin Shoppe?
Why franchise with The Vitamin Shoppe? The Vitamin Shoppe is a proven leader in the $50+ billion vitamins, minerals, and supplements industry–one that has experienced steady growth for decades, including this past year with global health concerns driving increased commitment to wellness.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
The Vitamin Shoppe Story
Since 1977, The Vitamin Shoppe® has been dedicated to helping our more than 5 million active customers become their best selves, however they define it.
Why Franchise with The Vitamin Shoppe?
The Vitamin Shoppe is a proven leader in the $50+ billion vitamins, minerals, and supplements industry-one that has experienced steady growth for decades, including this past year with global health concerns driving increased commitment to wellness.
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Where is the Vitamin Shoppe training program?
The Vitamin Shoppe will conduct an initial two week training program in North Bergen. Through this program, our Franchisee will learn the tools to successfully roll-out multiple stores across the designated country.
What is the purpose of a franchise application?
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 . The franchise application forms are completed in three parts.
What is the Vitamin Shoppe?
The Vitamin Shoppe is a proven leader in the $50+ billion vitamins, minerals, and supplements industry–one that has experienced steady growth for decades, including this past year with global health concerns driving increased commitment to wellness.
How much money do I need to invest in Vitamin Shoppe?
To invest in a The Vitamin Shoppe franchise, candidates must have a minimum net worth of $750,000 and a minimum liquidity of $200,000. A background in franchising and multi-unit experience is desirable.
Why Franchise with The Vitamin Shoppe?
The Vitamin Shoppe is a proven leader in the $50+ billion vitamins, minerals, and supplements industry–one that has experienced steady growth for decades, including this past year with global health concerns driving increased commitment to wellness.
User Reviews for The Vitamin Shoppe
We want to hear from you! Share your opinion with other entrepreneurs interested in The Vitamin Shoppe.
Who owns the Vitamin Shoppe?
Jeffrey Horowitz founded The Vitamin Shoppe in 1977. In August 2019, Franchise Group, Inc announced the pending acquisition of The Vitamin Shoppe.
When did Vitamin Shoppe go public?
The Vitamin Shoppe held an initial public offering on October 26, 2009. The company made $751.5 million in net sales in fiscal 2010 and had a market capitalization of over $1 billion. Since attaining its peak in February 2013 the stock has lost more than 90% of its value as of August 2017.
When was Vitamin Shoppe's Ultimate Woman Gold tested?
On June 15, 2011, Vitamin Shoppe's Ultimate Woman Gold multivitamin was tested by ConsumerLab.com in their Multivitamin and Multimineral Supplements Review of 38 of the leading multivitamin/multimineral products sold in the U.S. and Canada. This multivitamin passed ConsumerLab's test, which included testing of selected index elements, their ability to disintegrate in solution per United States Pharmacopeia guidelines, lead contamination threshold set in California Proposition 65, and meeting U.S. Food and Drug Administration (FDA) labeling requirements.
What is VitaPath in Canada?
The Vitamin Shoppe (formerly Vitamin Shoppe Industries, Inc., stylized as the Vitamin Shoppe) is an American, New Jersey -based retailer of nutritional supplements. It also operated three stores in Canada under the name VitaPath from January 2013 until March 2016. The company provides approximately 7,000 different SKUs of supplements through its retail stores and over 17,000 different SKUs of supplements through its retail websites.
Joining our community is more than a business decision. It's a Lifestyle. By investing in The Vitamin Shoppe, you join a passionate brand leader in the booming health & wellness business
Joining our community is more than a business decision. It's a Lifestyle. By investing in The Vitamin Shoppe, you join a passionate brand leader in the booming health & wellness business.
A Franchise Opportunity to Make Healthy Gains
Our commitment to good health for all is reflected in our dedicated teams that serve communities across the globe. Each Health Enthusiast® at The Vitamin Shoppe has a unique story and life experience.
Why Franchise with The Vitamin Shoppe?
The Vitamin Shoppe is a proven leader in the $50+ billion vitamins, minerals, and supplements industry–one that has experienced steady growth for decades, including this past year with global health concerns driving increased commitment to wellness.
What is a vitamin shop?
The Vitamin Shoppe is a New Jersey-based subsidiary of Franchise Group Inc. specializing in retailing vitamins, supplements, CBD and other wellness and homeopathic remedies. For the first time in its 44 years of being in business, The Vitamin Shoppe will allow independent operators to own their supplement stores.
Where is the Vitamin Shoppe located?
The Vitamin Shoppe, a subsidiary of Franchise Group, is based in Secaucus, New Jersey and offers an assortment of vitamins, minerals, supplements, herbs, CBD, homeopathic remedies and sports nutrition from 700 brands in addition to its own proprietary brands. The brand partnered with Martha Stewart in December 2020 to launch a new CBD collection ...
Who is the CEO of Vitamin Shoppe?
Sharon Leite , CEO of The Vitamin Shoppe since August 2018. The timing of the launch coincides with COVID-19 and the growing consumer interest in physical, mental and emotional well-being, she added.
Is the Vitamin Shoppe a franchise?
After 44 Years, The Vitamin Shoppe Launches Franchising Model. The Vitamin Shoppe is a New Jersey-based subsidiary of Franchise Group Inc. specializing in retailing vitamins, supplements, CBD and other wellness and homeopathic remedies. For the first time in its 44 years of being in business, The Vitamin Shoppe will allow independent operators ...
