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Home >> Retail Stores >> Drugstores and Pharmacies
| Medicap Pharmacy 4350 Westown Pkwy., # 400 West Des Moines, IA 50266-1061 |
Submit an online form to receive information from Medicap Pharmacy.
|
Business Description
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
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Illinois, Indiana, Maryland, Minnesota, North Dakota, Oregon, South Dakota, Washington, Wisconsin
Financial Requirements
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
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
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 187 | 93.5% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 13 | 6.5% | |||||||||||||||||||||||||||||
Total Operating Units: | 200 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. South Carolina | 7 |
| 2. North Carolina | 23 |
| 3. Iowa | 50 |
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: | $10-55K |
| Total Investment: | $20-447K |
| Average Total Investment: | $234K |
| Fees: | |
| Initial Franchise Fee: | $8.5-15K |
| Average Franchise Fee: | $12K |
| On-Going Royalty: | 2 or 3.9% |
| Average Royalty: | 3% |
| Advertising Fee: | 1% |
Space Needs (in square footage): 1,500
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
| 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 | ||||||||
| 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 | ||||||||
| 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. Headquarters | 4 Days | ||||||||
| 2. On-Site | 3 Days | ||||||||
| 3. Computer | 3 Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Medicap Pharmacy.
|
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