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Listing ID: 2976892

GNC Franchise – Baltimore Maryland on High Traffic York Road – Profitable – Solid Books – Easy to Run – $115,000 includes $65K Inventory For Sale

6360 York Rd, Baltimore, MD 21212 in York Road Plaza., Baltimore, Maryland, United States

$ 115,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 500k to 1m

Cash Flow: $ 0 to 100k

Business Description

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: $115,000 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.

Property Details

Size:

1,395 SF

Years Established:

17

Property Type:

Lease

Inventory Value:

$ 65,000

Other Details

Business Location:

Please ask business broker for details.

Premise Details:

Please ask business broker for details.

Competition:

Please ask business broker for details.

Expansion Potential:

Please ask business broker for details.

Operation Details

Employees:

Please ask business broker for details.

Trading Hours:

M-S 10-9, Sunday 12-5

Support & Training:

Please ask business broker for details.

Miscellaneous

Reason For Selling:

Absentee seller.

Contact this seller

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