- 2023 Franchise 500 Rank
-
#418 Not ranked last year
- Initial investment
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$528K - $977K
- Units as of 2022
-
705 6% over 3 years
The Vitamin Shoppe, founded in 1977, provides consumers with a wide array of health and wellness items such as supplements, proteins, healthy weight products, and more. Customers may purchase these products both in-store and via its online apps. The Vitamin Shoppe prides itself on trying to help people achieve their best selves, whatever they define it.
The Vitamin Shoppe began franchising in 2021 and is actively seeking to add franchisees to its repertoire.
Why You May Want To Start a The Vitamin Shoppe Franchise
Opening a health and wellness-centered franchise may require a franchisee to have some interest in the business's core values. This means that a franchisee looking to open a The Vitamin Shoppe should be conscious about their health and want to make an impact on others' health, too.
Additionally, you should be well-versed in the field of business to run your venture correctly. While prior experience in sales and marketing may not be a prerequisite for a franchisee, it may come in handy as you run the business.
What Might Make a The Vitamin Shoppe Franchise a Good Choice?
Opening a The Vitamin Shoppe franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
Furthermore, the increasing global concern around health and wellness may make The Vitamin Shoppe's products more appealing to a larger audience. The Vitamin Shoppe believes it is touted to be one of the biggest businesses in the health and wellness category, which is another reason why you may want to open.
To be part of The Vitamin Shoppe franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a The Vitamin Shoppe Franchise
The franchise application process for a The Vitamin Shoppe franchise starts with the franchisee filling out a basic application form that captures all your details. After this, you will go through a market evaluation process with the business development manager. The purpose of this step is to ascertain that this business opportunity will work in the territory at which you are considering.
You'll also want to evaluate how well you may be able to sustain your The Vitamin Shoppe franchise in the long run. Do you have the clientele? Are there any gyms or other fitness centers nearby? Learning what other businesses complement a The Vitamin Shoppe could also help you decide where to locate it.
If awarded a franchise, franchisees may receive a great deal of support from The Vitamin Shoppe franchise throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Franchisees may also receive hands-on training and continued support after their franchise location has opened.
Company Overview
About The Vitamin Shoppe
| Industry | Health & Wellness |
|---|---|
| Related Categories | Vitamin Stores, Miscellaneous Health Products, Retail, Miscellaneous Retail Businesses |
| Founded | 1977 |
| Parent Company | Franchise Group Inc. |
| Leadership | Melissa Altmix, Franchise Development Manager |
| Corporate Address |
300 Harmon Meadow Blvd. Secaucus, NJ 07094 |
| Social | Facebook, Twitter, Instagram |
More from The Vitamin Shoppe
A New Era of Franchising is Here
After investing more than 45 years in building the most trusted brand in health and wellness, The Vitamin Shoppe is now franchising with fewer than 300 exclusive territories available. The retailer sits prominently in the $59+ billion (and growing!) wellness industry and currently operates more than 673 locations. On average, the top stores generate $2,053,043 in average revenue and $411,633 in average contribution per store.*
Claim Your Territory, The Vitamin Shoppe Makes the Rest Easy
Four Distinct Revenue Channels
Make money no matter where your customers shop, including passive revenue via commission from website sales
Support to Scale
Scale with ease as The Vitamin Shoppe support team handles everything from automatic inventory management, traffic counters, customer loyalty, and so much more—all so you can focus on growing your store(s)
Established Trust Equity
Profit from The Vitamin Shoppe’s decades-long relationship with customers—70% of revenue comes from return shoppers
Innovative Merchandising Strategy
Stay on the forefront of emerging industry trends through The Vitamin Shoppe’s innovative approach to evolving its product assortment
Booming Industry
Franchising with The Vitamin Shoppe means owning a part of the $946 billion healthy eating, nutrition, and wellness category of the $4.4 trillion global wellness economy**
About The Vitamin Shoppe
Since 1977, The Vitamin Shoppe has been dedicated to helping customers become their best selves, however they define it. The global, omnichannel specialty retailer and wellness lifestyle company is on a mission of providing customers with the most trusted products, guidance, and services to support them on their journeys of lifelong wellness.
The retailer offers a comprehensive assortment of nutritional solutions, including vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic remedies, green living products, and natural beauty products. In addition to carrying products from approximately 700 national brands, The Vitamin Shoppe offers products from its proprietary brands within its owned and wholesale channels, including: The Vitamin Shoppe®, Vthrive™ The Vitamin Shoppe®, BodyTech®, BodyTech® Elite, fitfactor™, fitfactor KETO™, plnt®, ProBioCare®, True Athlete®, and TrueYou™.
Fewer than 300 exclusive territories available. Inquire today to claim yours.
* This information reflects the Average Revenue and Average Contribution of The Vitamin Shoppe company-owned stores with a Contribution of $300,000 or more which were open for more than a year as of fiscal year-end 2022 and were operating in at least 3,000 sq ft of space. Of these 118 stores, 49 attained or surpassed the Average Revenue, and 42 attained or surpassed the Average Contribution described above. Contribution is defined as Total Revenue less the sum of Total Cost of Goods Sold and Total Expenses. We refer you to Item 19 of our 2023 Franchise Disclosure Document for additional information. A NEW FRANCHISEE’S RESULTS MAY DIFFER FROM THE REPRESENTED PERFORMANCE. This is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Offerings made by prospectus only and in compliance with the applicable pre-sale registration and disclosure requirements in your state. **As denoted by the Global Wellness Institute of U.S. Chamber of Commerce, 2022.
Business Overview
| Franchising Since | 2021 (2 years) |
|---|---|
| # of employees at HQ | 6,500 |
| Where seeking |
This company is offering new franchisees worldwide. This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 705 (as of 2022) |
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Information for Franchisees
Here's what you need to know if you're interested in opening a The Vitamin Shoppe franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$39,900 |
|---|---|
|
Initial Investment
|
$528,000 - $976,900 |
|
Net Worth Requirement
|
$750,000 |
|
Cash Requirement
|
$200,000 |
|
Veteran Incentives
|
20% off first-store franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2%+ |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | The Vitamin Shoppe has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 88 hours |
|---|---|
| Classroom Training | 19 hours |
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
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Can this franchise be run from home/mobile unit?
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No |
|
Can this franchise be run part time?
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Yes |
| # of employees required to run | 5 |
|
Are exclusive territories available?
|
No |
Franchise 500 Ranking History
Compare where The Vitamin Shoppe landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where The Vitamin Shoppe ranked on other franchise lists? Find out below.
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