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Medicap Pharmacy
 

MEDICAP PHARMACY - convenient, low-cost, professional pharmacies. The stores operate in an average of 1,500-2,000 square feet. We average 90% RX and the remaining 10% over-the-counter products, including MEDICAP-brand private label. We specialize in starting new stores and converting existing full-line drug stores and independent pharmacies to the MEDICAP concept. We teach independent pharmacists how to survive in today's marketplace.

Franchisor Background

Year Established:

  1971

Franchising Since:

  1974

IFA Member



Operating Units:

Franchised Units:225 94.9%  
Company-Owned Units:15 6.3%  
 ______ _____  
Total Operating Units:237 100%  
 

Geographic Distribution:

U.S.:237 100% In 38 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:237 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Iowa50
2. North Carolina23
3. South Carolina7

Registered in Following Registration States:

   California, Florida, Illinois, Indiana, Maryland, Minnesota, North Dakota, Oregon, South Dakota, Washington, Wisconsin

Financial Requirements

Investment:

Minimum Net Worth:$
Cash Investment:$20K-60K
Total Investment:$300-325K
Average Total Investment:$315K
 

Fees:

Initial Franchise Fee:$8.5-15K
Average Franchise Fee:$12K
On-Going Royalty:2 or 3.9%
Average Royalty:3%
Advertising Fee:1%

Average Number of Employees:

   2 Full-time, 0 Part-time

Space Needs (in square footage):

   1,500

Preferred Sites:

   Free-standing Building, Storefront, Strip Center

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:62
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Headquarters4 Days
2. On-Site3 Days
3. Computer3 Days
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:3
General Business Experience:1
Specific Industry Experience:4
Formal Education:5
Psychological Profile:3
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:20 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   25
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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