Asking Price: $99,000GNC Health & Nutrition Store in Cumming, GA!
Cumming, GA
Forsyth County
Two GNC franchise stores located in high-traffic retail corridors in Cumming and Duluth | Metro-Atlanta, GA!Buy One or Buy Both! Both locations are only 30 min from each other!Combined Sales are approximately $622,000 per year!Combined Net Profit is over $84,000 per year AFTER paying $100,000 in total payroll for both stores as well as franchise royalties, marketing fees, rent and all other expenses!Strong average product margin of 53%!Franchise royalty is only 6% plus a Marketing fee of 3%!Buyer must pay a one-time $27,500 franchise fee to become a franchisee. Once you become a franchisee, then you do not need to pay any additional franchise fees when acquiring more GNC locations!Seller is minimally involved in day-to-day operations. Strong opportunity for an owner-operator to improve margins and increase profitability and reduce payroll expenses!Minimal hours! Stores are only open from 10 am to 7 pm Monday thru Friday; 10am to 6 pm Saturday; and 12 pm to 6 pm Sundays! Owner-Operator can single handedly run the store full-time!Seller plans to semi-retire.A unique opportunity to operate independently with full flexibility to maximize margins and business potential.Cumming Location:Sales are approximately $329,000 per year!Net Profit is over $44,000 per year AFTER paying $50,000 in employee payroll as well as franchise royalties, marketing fees, rent and all other expenses!Rent including CAM is only $2,400 per month!High Average traffic count of 29,300 vehicles passing by the store each day!Located in a major commercial plaza, this store benefits from a busy retail setting near major national retailers including Target, Walmart, and Lowe’s, driving consistent traffic to the store!Close proximity to major household name restaurants including Texas Roadhouse, Chick-fil-A, Panera Bread, Chipotle, and Buffalo Wild Wings!Median household income exceeds $127,000! Customer base is health conscious and with strong disposable income toward health-conscious products provided by GNC!Nearby schools, including South Forsyth High School, Lambert High School, Lakeside Middle School, Sharon Elementary School, and other Forsyth County schools, collectively serve approximately 10,000 students and faculty within the surrounding area. Nearby colleges and universities, including the University of North Georgia (Cumming Campus), Lanier Technical College, and other nearby institutions, collectively serve approximately 10,000 students and faculty.Population within a 5-mile radius is BOOMING at a 6.79% increase each year!New residential and mixed-use developments continue to expand across Forsyth County, including large-scale housing communities and retail corridor growth along GA-400 and surrounding areas, contributing to increasing population density and long-term customer demand. Located in Metro-Atlanta! 30 min from Alpharetta, GA! 40 min from Roswell, GA! 40 min from Gainesville, GA!Asking Price for the Cumming location is $99,000 plus inventory!Inventory is guesstimated between $60,000 to $80,000 at cost.