Franchise Summary
Description
The Franchise is for the operation of a retail pharmacy business under The Medicine Shoppe name and marks.
Company Background
The Medicine Shoppe is a family owned and operated franchise company with over 125 locations nationwide. The company was founded in 1975 by David H. Rader, Sr., who sought to create a pharmacy that didn't just fill prescriptions but also helped customers stay healthy through preventive care and medical advice from licensed pharmacists. Today, The Medicine Shoppe is the largest independently owned retail pharmacy chain in America, operating under its own name as well as Rite Aid Pharmacy(R), Osco Drug(R), Sav-On Drugs(R) and Eckerd Pharmacy(R)
Franchise Opportunity
The pharmacy industry is incredibly competitive, and it can be hard to differentiate your business from the rest. With so many pharmacies out there, it can be tough to make your business stand out. You need a way to set yourself apart and attract new customers. The Medicine Shoppe offers an innovative franchise opportunity that sets you apart from the competition. Our unique retail pharmacy business model is based on customer service and providing quality care to our patients. We offer comprehensive training and support so you can succeed in this industry.
Corporate Structure
MEDICINE SHOPPE INTERNATIONAL, INC. is a corporation organized under Delaware law on March 16, 1970. Their principal business address is 7000 Cardinal Place, Dublin, Ohio 43017. They have been offering franchises for The Medicine Shoppe® System since 1970.
Royalties and Marketing Fees
Royalties : $599 per month
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Employee Contact Database
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Distribution of The Medicine Shoppe Franchisees
The Medicine Shoppe Franchise System Development in 2024
FAQ
How much investment do I need to start my own The Medicine Shoppe business?
Franchisees typically require at least $513,050 to $895,653 investment to get their The Medicine Shoppe business started
What are the initial franchise fees for The Medicine Shoppe?
Franchisees typically need to pay at least $103,425 in fees directly to The Medicine Shoppe in order to earn the right to launch their business
How much money can I make with a The Medicine Shoppe franchise? What are
the average revenues for a typical The Medicine Shoppe business?
We haven’t done the math on how much revenue a typical
The Medicine Shoppe brings in each year. We estimate that other
franchisees in the Retail industry generate
$1,153,118 revenue, so we would expect
The Medicine Shoppe to generate a similar amount
How long do I need to commit to running a The Medicine Shoppe unit? What
is my contractual commitment?
The Medicine Shoppe franchisees are typically required to sign up to a
5 years year contract initially. The renewal length
is 5 years years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$513,050 to $895,653
which is
Much Higher
than the $0 to $0 average in the Specialty Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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