DULUTH, Georgia
| Asking Price |
$79,000 |
Year Established |
|
|
| Annual Revenue |
$293,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Kavita Purohit |
|
| Annual Cash Flow |
$40,000 |
Listing Number |
1008577 |
|
| # of Employees |
|
Business Category |
Retail: Health, Beauty, Nutrition |
|
Business Overview:
Key Financials:
Sales are currently averaging $293,000 per year!
Net Profit is nearly $40,000 per year AFTER paying $50,000 in payroll and all other expenses. Owner-Operator can take home more by reducing payroll!
Rent including CAM is only $2,180 per month!
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!
Store Information:
Seller is minimally involved in day-to-day operations and is planning to semi-retire!
Store operates limited hours:
10 am to 7 pm Monday thru Friday;
10 am to 6 pm Saturday;
12 pm to 6 pm Sundays!
Owner-Operator can single handedly run the store full-time!
Located on Peachtree Industrial Blvd with strong visibility along one of Gwinnett County's busiest commercial corridors!
Surrounded by dense retail, apartments, and service-based businesses driving repeat customer traffic!
Geographic & Demographic Details:
Population within a 5-mile radius is increasing substantially at 5.81% per year!
Extremely high average traffic count of 59,200 vehicles passing by the store each day!
Strong daily traffic exposure from commuters and surrounding residential communities!
Nearby schools, including Duluth High School, Coleman Middle School, Chattahoochee Elementary School, Berkeley Lake Elementary School, and other Gwinnett County schools, collectively serve approximately 8,000+ students and faculty within the surrounding area.
Nearby colleges and universities, including Georgia Gwinnett College, Gwinnett Technical College, and other nearby institutions, collectively serve approximately 20,000+ students and faculty.
Ongoing redevelopment and mixed-use projects in Duluth and surrounding Gwinnett County, including residential expansions, retail center upgrades, and commercial corridor improvements along Peachtree Industrial Blvd, are driving population growth and sustained economic activity in the area.
Located in Metro-Atlanta! 15 min from Suwanee, GA! 35 min from Lawrenceville, GA! 40 min from Alpharetta, GA!
Asking Price for GNC Franchise Store is only $79,000 plus inventory!
Inventory is guesstimated between $60,000 to $80,000 at cost.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is a franchise resale opportunity