Anyone on here who own's a supplement store?

[deserusan]

Des, I know it varies from store to store, but how much do you think franchising rights cost?

Haha...I actually looked into this while a freshman in college. A few friends and I wanted to open a Dunkin Donuts on campus because we had no donut shops and it certainly would have been a big hit. Essentiallly, they required someone with retail management experience to be an investor, around $500k starting, and a few other details I can't remember.

I know you can franchise out a GNC but given the current environment in the industry I feel there are better options or potential option to hold out for (Max Muscle, Vitamin Shoppe, etc.)

[Blackjackcat]

Wow, 500K for a dunkin donuts?? You think someone would be better off franchising a supplement store or going out on their own?

[SHOWTIME]

i know here in Canada you can open a popeyes supplement store and the franchise fee is

Equipment & Signage $10,000 - $15,000
Fixtures & Tenant Improvements $15,000 - $20,000
Opening Inventory $40,000 - $50,000
* Working Capital $10,000 - $15,000
**Total Investment $75,000 - $100,000 (Plus License Fee

So between 75, 000-100,000 bucks

[Blackjackcat]

i know here in Canada you can open a popeyes supplement store and the franchise fee is

Equipment & Signage $10,000 - $15,000
Fixtures & Tenant Improvements $15,000 - $20,000
Opening Inventory $40,000 - $50,000
* Working Capital $10,000 - $15,000
**Total Investment $75,000 - $100,000 (Plus License Fee

So between 75, 000-100,000 bucks

Thats not too bad of a startup fee. Is popeyes a big supplement chain in Canada?

[SHOWTIME]

Thats not too bad of a startup fee. Is popeyes a big supplement chain in Canada?

Sorta, it is probably in the top 3 I would say, I dont have any data to back that up but it is popular.

It has a online site as well as the stores

[deserusan]

Sorta, it is probably in the top 3 I would say, I dont have any data to back that up but it is popular.

It has a online site as well as the stores

They do quite well.

[SHOWTIME]

They do quite well.

I think so, they are probably in the top 2 that I can think of actually,

When I finally do get to open my own supp store I plan on having it be my own not a franchise... That is in the future though..

[Mr. Aries]

When I finally do get to open my own supp store I plan on having it be my own not a franchise... That is in the future though..

you can certainly do it, it'll be a bit harder though. Of course, if it's a passion, you'll get it done.

a Max Muscle store would be nice as a franchise, but franchise fees in different industries go from "mildly stinging" to "absolutely ridiculous"

[Bliptrip]

i know here in Canada you can open a popeyes supplement store and the franchise fee is

Equipment & Signage $10,000 - $15,000
Fixtures & Tenant Improvements $15,000 - $20,000
Opening Inventory $40,000 - $50,000
* Working Capital $10,000 - $15,000
**Total Investment $75,000 - $100,000 (Plus License Fee

So between 75, 000-100,000 bucks

Unless you are opening up next door to a high traffic gym, you're going to need a lot more than $10 - $15K working capital. It can take a year or two to get your store's name out and develop a regular client base that will allow your store to start turning profit enough to live on. You should assume the store won't be profitable for at least 8 -12 months and have enough money saved up to cover your cost of living expenses during that time.

The new Max Muscle buildouts are costing WAY more than your estimations, but they are really nice looking. You gotta ask yourself if $20K worth of metal shelving is gonna sell more product than $5K in traditional slatwall & wood display tables.

[SHOWTIME]

Unless you are opening up next door to a high traffic gym, you're going to need a lot more than $10 - $15K working capital. It can take a year or two to get your store's name out and develop a regular client base that will allow your store to start turning profit enough to live on. You should assume the store won't be profitable for at least 8 -12 months and have enough money saved up to cover your cost of living expenses during that time.

The new Max Muscle buildouts are costing WAY more than your estimations, but they are really nice looking. You gotta ask yourself if $20K worth of metal shelving is gonna sell more product than $5K in traditional slatwall & wood display tables.

Those quotes are exact numbers..if that makes sense..

The reason there are two number is because the rates are different depending if it is right in town or a little out..location

Thanks for the info though, I do not plan on buying into a chain or anything like that soon though..ONe day..One day

[gullotti942]

well I've looked into it.. franchising a nutri-shop is like 158,000 with capitol and licensing and whatnot, storefront lease.. which you can apply for a small business loan but you need 40%.. so about 60gs should get you set up into your own chain supp store. that is just the situation I was dealt when I looked into it.. the more popular stores in my area are GNC, complete nutrition, and vitamin shoppe... Im guessing they would be a little bit more pricier.