Franchising Status
Eligibility for SBA Loan

Franchisor Background

Franchisor Name

Primary Brand Name of Franchisor
Health Mart Pharmacy

Year Founded

Year when franchising entity was formed
1997

Parent Company

Corporate owner of franchising entity
Health Mart Systems, Inc.

CEO

Chief Executive Officer of Franchisor
Unknown

Franchise Units

Size of franchisee system
4,921

Industry

High level industry category
Retail

Initial Franchisee Requirements

Net Worth Required

Minimum net worth required to be franchisee
Unknown

Liquid Capital Required

Minimum liquid capital required to be franchisee
Unknown

Minimum Investment

Lowest reported franchise investment cost
$245,775

Maximum Investment

Highest reported franchise investment cost
$654,250

Minimum Franchise Fee

Minimum initial fee payable to franchisor
Unknown

Maximum Franchise Fee

Maximum initial fee payable to franchisor
Unknown

Other Considerations for Franchisees

Royalty Fees

Typically as a % of revenue
Unknown

Advertising Fees

Typically as a % of revenue
Unknown

Initial Term

Length of initial franchise agreement
Unknown years

Renewal Term

Length of franchise agreement if renewed
Unknown years

Number of Franchisor Lawsuits

Between franchisors and franchisees
Unknown

Number of Director Bankruptcies

Franchisor directors, and franchise entities
Unknown

Distribution of Health Mart Pharmacy Franchisees

Health Mart Pharmacy Franchise System Development in 2018