GNC Franchise-Profitable-Solid Books-Easy to Run

Baltimore, MD
Baltimore County

Affluent Baltimore Suburb


Asking Price: Annual Revenue:
$135,000 Not Disclosed

Retail: Health, Beauty, Nutrition


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RE: GNC Franchise-Profitable-Solid Books-Easy to Run Broker: Steve Josovitz
License #: 164878

Quick Facts

Asking Price: $135,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: Not Disclosed
BBN Listing #: 61529193
Broker Reference #: 1971

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Business Overview:

GNC Franchise for Sale – Baltimore Maryland on High Traffic York Road – Profitable – Solid Books – Easy to Run

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

1. NAME/CONCEPT: GNC
Fully equipped and staff for a flawless transition.

GNC is an American company selling health and nutrition related products, including vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products.

2. ADDRESS/AREA INFO:
6360 York Rd, Baltimore, MD 21212 in York Road Plaza.

3. SIZE/TYPE:
In-line strip center, nationally anchored. 1,395 sq. ft.

4. RENTAL RATE/TERMS/OPTIONS:
$5,400.17 – lease expires 07/2020

5. OPERATING HISTORY:
The unit initially opened in approximately 1995, I took ownership in Sept 2001.

6. VOLUME/NET Profit:
$519,693 / $44,885 with absentee after paying General Managers salary of $45,000 which could be absorbed by the new Owner if hands on. General Manager is in place and not leaving freeing up Owner to grow business.

7. HOURS OF OPERATION:
M-S 10-9, Sunday 12-5

8. PRICE: $135,000 includes $65,000 of inventory.

9. COMMENTS:
GNC will transfer the Franchise Agreement of the remaining portion of Seller’s franchise contract for a fee of $13,333 paid to GNC. Buyer may elect to negotiate a longer terms.

Franchise Fees are 6% of Gross Sales and are exclusive of any sales tax and documented refunds.

Franchisees contribute 3% of their gross sales in support of these campaigns. GNC invests millions of dollars in national advertising campaigns to help drive traffic into stores around the country. GNC designs and provides franchisees with information and tools to help them execute local marketing to drive traffic to their individual store.

Financially – a prospective franchisees have to have a minimum credit score of 670 and proof of funds in the amount of $130,000, which are typically validated by submitting 3 months of bank statements. Once the applicant is approved financially, there’s an online interview/presentation with the Franchise Development Manager, then they submit a business plan for review and we obtain a background check. If all of those pieces are satisfactory, they receive notice of their final approval and can proceed to sign franchise contracts.

They also have to complete GNC’s training program, which is 80 hours in a corporate store, followed by 40 hours here at the CSC in Pittsburgh.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

In-line strip center, nationally anchored. 1,395 sq. ft. Monthly Rent: $5,400.17 – lease expires 07/2020.

Reason for Selling:

Absentee owner.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

Relevant Links:

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