Franchising Status
Eligibility for SBA Loan

Franchisor Background

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

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

FAQ

How much investment do I need to start my own Health Mart Pharmacy business?
Franchisees typically require at least $245,775 to $654,250 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 $9,140 and $10,711 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 general $739,173 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

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