FranchiseVerdict
Nutrishop logo
FV-01803·MODERATEExcellent95

Nutrishop

Health & Wellness - OtherFranchising since 2018Website
Investment
$46K – $256K
8th pct Other
Avg revenue
$170K
3rd pct Other
Royalty
Units
101
78th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $46K – $256K including a $20K franchise fee.
  • Average unit revenue of $170K/year (median $151K).
  • Rated MODERATE with a risk score of 63/100. SBA loan default rate of 0.0% across 19 loans (below the industry average).
  • System contracting at -7.4% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Nutrishop, Inc.
Incorporated in
Nevada
HQ
751 W. Warm Springs Rd. #100, Henderson, NV 89011
Auditor
LSL, LLP
Audited financials
Franchisor revenue
$579K
vs $565K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Nutrishop unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $170,390
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $46K–$256K
Working capital
$
FDD reports $10K–$20K

Unlevered ROIC · per unit

25%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$41K
EBITDA margin
24.0%
Total invested
$166K
Payback
49 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Nutrishop units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$579K

on $2.9M purchase

Total debt

$2.3M

SBA $1.4M + senior + seller note

Overview

About

Nutrishop franchisees operate retail nutrition supplement stores selling vitamins, sports nutrition products, weight-loss supplements, and related wellness items. Day-to-day responsibilities include inventory management, customer sales and nutrition education, point-of-sale operations, and local marketing. Franchisees typically manage 1–3 staff members in small-footprint retail locations.

CEO
Bryon McLendon
Founded
2003
FDD year
2026
States available
22

Item 7 · what it costs

The Vitals

Total investment
$46K – $256K
All-in to open one unit
Liquid capital
$10K – $20K
Cash you must have on hand
Franchise fee
$20K
Royalty
$0 to $600 per month (Monthly Administration Fee)
Ad fund
0.0%
typical 3–5%

Item 19

Financial Performance

Avg gross sales
$170K
Per unit, per year
Median gross sales
$151K
Item 19 type
Average Annual Purchases
Sample size
80 units
vs category median 12 · large
Range (low → high)
$20K$554K
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank3th
vs Health & Wellness - Other peers
Investment cost rank8th
Lower investment ranks lower (better)
Royalty rate rank72th
Lower royalty = lower percentile (better)
Unit count rank78th
vs Health & Wellness - Other peers
Risk score rank57th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
101
Opened
9
Last reporting year
Closed
12
Turnover rate
11.9%
Company-owned
1
Corporate units in the system
% franchised
99%
vs corporate-owned
Net growth (yr3)
-2.9%
Net unit change last year
3-yr CAGR
-7.4%
Compounded over last 3 years
2024
100-5
Franchised units
2025
103
Franchised units
2026
108
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 19 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 19 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
19
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

Nutrishop exhibits HIGH RISK profile due to system contraction, multi-state regulatory violations, undisclosed profitability metrics, and governance concerns masking underlying financial instability.

Score breakdown · what drove the 63 / 100 rating

  1. 01MINORDeclining unit count (-2.9% YoY) indicates system contraction and weakening franchisee demand
  2. 02MINORRegulatory violations across three states (Minnesota, Washington, California) for franchise registration and disclosure suggest compliance failures at corporate level
  3. 03HIGHDirector litigation involving mortgage securities and banking licenses raises governance and integrity concerns
  4. 04MEDAverage net income not disclosed despite average revenue of $170,390 — suggests poor profitability or intentional opacity
  5. 05HIGHNo 'Going Concern' disclosure is absent/false, but combined with declining units signals potential financial instability
  6. 06MINORWide investment range ($45.5K–$255.9K) with vague territory definition creates unclear ROI expectations
  7. 07MINORLow franchise fee ($20K) relative to investment range suggests weak brand equity and potential race-to-the-bottom franchisee quality

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius/Population
Protected territory
Yes
Initial term
5 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
5
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
3 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Nevada

Item 11

Training & Operations

Classroom training
11 hrs
On-the-job training
51 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

100 numbers

Locked
(469) 926-••••
TX
(360) 515-••••
WA
(909) 294-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

Nutrishop · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above