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Medicine Shoppe, The

Medicine Shoppe International is the largest and fastest growing chain of franchised pharmacies in the world. MSI offers its owners numerous ways to enter pharmacy ownership, i.e. acquisition of existing pharmacies, new store development, supermarkets clinic locations. Diversify your portfolio and participate in the graying of America.

Franchisor Background

Year Established:

1970

Franchising Since:

1970

IFA Member

Operating Units:
Franchised Units:	1,287	98%
Company-Owned Units:	25	1.9%
	______	_____
Total Operating Units:	1,313	100%

Geographic Distribution:
U.S.:	1,133	86.3%	In 47 States
Canada:	0	0%	In 0 Canadian Provinces
International:	180	13.7%	In 0 Foreign Countries
	______	_____
Total:	1,313	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Pennsylvania	121
2. Florida	111
3. California	71

Registered in Following Registration States:

California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$50K
Cash Investment:	$10-18K
Total Investment:	$77K-152.5K
Average Total Investment:	$100K

Fees:
Initial Franchise Fee:	$10-18K
Average Franchise Fee:	$14K
On-Going Royalty:	2-5.5%
Average Royalty:	4%
Advertising Fee:	$200/Mo.

Average Number of Employees:

2 Full-time, 1 Part-time

Space Needs (in square footage):

1,200

Preferred Sites:

Free-standing Building, Storefront, Strip Center

Other Sites:

Encourage Conversions?

Yes

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	240
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:	Included in Fees
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. St. Louis, MO	6 Days

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	3
General Business Experience:	3
Specific Industry Experience:	4
Formal Education:	5
Psychological Profile:	2
Personal Interview(s):	4

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:	N/A

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	15 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

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

Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: