We offer franchises for the right to operate a retail pharmacy ("HEALTH MART Drugstore" or "Drugstore") using the trade names, trademarks, and service marks that we designate, including the trademark HEALTH MART (collectively, "Proprietary Marks") and the operating and merchandising support services that we describe in this Disclosure Document.
Company Background
HEALTH MART Drugstore is a company that offers franchises for the right to operate a retail pharmacy. We provide trade names, trademarks and service marks including the trademark HEALTH MART and operating and merchandising support services in this Disclosure Document.
Franchise Opportunity
The problem that you are facing is that your business is going nowhere. You have no idea how to run a pharmacy, and the only thing you know about it is what you saw on TV shows like "ER" or "House". We understand this situation very well because we used to be in your shoes. And guess what? It's not an easy task! But luckily for you, there's a solution out there! We can help take care of everything for you - from finding a suitable location to hiring employees and even promoting your new business! All this will allow us to make sure our customers get the best experience possible when they come by! That way, all our profits will go directly into YOUR pockets instead of paying some random guy who knows nothing about running a pharmacy.
Corporate Structure
Health Mart Systems, Inc. was incorporated in the State of Delaware on January 21, 1997. Their principal place of business is 6535 State Hwy 161, Irving, Texas 75039.
Investment and Franchisee Fees
The total initial investment necessary to open and begin operating a HEALTH MART Drugstore ranges from $2,275 to $103,850 for franchisees who convert an existing pharmacy business to a HEALTH MART Drugstore and from $250,775 to $674,250 for start-up franchisees who do not own an existing pharmacy when they sign the Franchise Agreement. The Franchise Agreement does not require that you pay the farnchisor an initial franchise fee or make payments to the franchisor or their affiliates for goods or services before you open and begin operating as a HEALTH MART Drugstore.
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 9% in the Retail Stores industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Health Mart Pharmacy Franchisees
Health Mart Pharmacy Franchise System Development in 2021
FAQ
How much investment do I need to start my own Health Mart Pharmacy business?
Franchisees typically require at least
$2,275 to
$103,850 investment to get their
Health Mart Pharmacy business started
What are the initial franchise fees for Health Mart Pharmacy?
We don’t know exactly how much the franchise fees are for
Health Mart Pharmacy, but we can tell you that other franchises in the
Retail sector typically need to pay between
$19,541 and
$37,324 to the
franchisor
How much money can I make with a Health Mart Pharmacy franchise? What are
the average revenues for a typical Health Mart Pharmacy business?
We haven’t done the math on how much revenue a typical
Health Mart Pharmacy brings in each year. We estimate that other
franchisees in the Retail industry generate
$0 revenue, so we would expect
Health Mart Pharmacy to generate a similar amount
How long do I need to commit to running a Health Mart 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
7 /10
The Franchisor's investment costs ranges from
$123,330 to $171,676
which is
Much Lower
than the $210,550 to $455,143 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
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