10/10

Franchimp Summary Rating

10 /10
Lower than 0% of peers

Franchise Summary

Description
986 Degrees Corporation offers retail pharmacy franchises under the name of 986 Pharmacy
Company Background
986 Degrees Corporation, the franchisor of 986 Pharmacy retail pharmacy franchises, is committed to helping communities thrive. Our vision is for all people in Canada to have access to quality healthcare services that are affordable and accessible. We offer a number of benefits including stability - with our low fixed overhead cost model franchisees can be assured that their operating costs will not increase significantly over time; high potential earnings - with an average monthly gross profit margin of 40%, coupled with low start-up costs, many franchisees earn between $100 000 and $500 000 annually in net income; support - we provide ongoing training programs for new employees as well as continuing education workshops for existing staff members which allow both groups to learn about the latest
Franchise Opportunity
The pharmacy industry is incredibly competitive and it can be hard to differentiate your business from the rest. It's no secret that the pharmacy industry is competitive. With so many businesses competing for customers, it can be difficult to set yourself apart from the pack. 986 Pharmacy offers a unique franchise opportunity that is unlike any other in the industry. Our retail pharmacies are designed with the customer in mind, providing an inviting and comfortable shopping experience. We also offer a wide range of products and services, including prescription medications, over-the-counter drugs, and medical supplies.

Employee Contact Database

# Name Position Phone Number Email Address

FAQ

How much investment do I need to start my own 986 Pharmacy business?
Franchisees typically require at least $314 to $691 investment to get their 986 Pharmacy business started
What are the initial franchise fees for 986 Pharmacy?
Franchisees typically need to pay at least $50 in fees directly to 986 Pharmacy in order to earn the right to launch their business
How much money can I make with a 986 Pharmacy franchise? What are the average revenues for a typical 986 Pharmacy business?
We haven’t done the math on how much revenue a typical 986 Pharmacy brings in each year. We estimate that other franchisees in the Retail industry generate $1,270,764 revenue, so we would expect 986 Pharmacy to generate a similar amount
How long do I need to commit to running a 986 Pharmacy unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

10 /10
The Franchisor's investment costs ranges from $10,005 to $38,076 which is Much Lower than the $0 to $0 average in the Retail Stores 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

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE