Account Login
Franchise Directory
Areas Of Interest
Top 100 Franchises Publications
Franchise Your Business
Home >> Retail Stores >> Drugstores and Pharmacies
| Medicine Shoppe, The 1100 N. Lindbergh Blvd. St. Louis, MO 63132-2992 |
Submit an online form to receive information from Medicine Shoppe, The.
|
Business Description
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
North America:
States/Provinces with the largest number of operating units:
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
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
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
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 1,287 | 98% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 25 | 1.9% | |||||||||||||||||||||||||||||
Total Operating Units: | 1,313 | 100.0% | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
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: | $100K+ |
| 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. |
Space Needs (in square footage): 1,200
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: | 3 | ||||||||
| Specific Industry Experience: | 4 | ||||||||
| Formal Education: | 5 | ||||||||
| Psychological Profile: | 2 | ||||||||
| Personal Interview(s): | 4 | ||||||||
| 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 | ||||||||
| 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 | ||||||||
| Expansion Plans | |||||||||
|
Submit an online form to receive information from Medicine Shoppe, The.
|
||||||||