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Health Mart
 

The largest full-line pharmacy franchise for independent store owners.

Franchisor Background

Year Established:

  1982

Franchising Since:

  1983

Operating Units:

Franchised Units:2,754 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:2,754 100%  
 

Geographic Distribution:

U.S.:275 100% In 34 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:275 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Illinois83
2. Missouri64
3. Louisiana59

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:$
Cash Investment:$5-15K
Total Investment:$150-300K
Average Total Investment:$225K
 

Fees:

Initial Franchise Fee:$50K
Average Franchise Fee:$50K
On-Going Royalty:0%
Average Royalty:0%
Advertising Fee:$150/Mo.

Average Number of Employees:

   2 Full-time, 1 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

   Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:5
Site Selection Assistance?No
Lease Negotiation Assistance?No
Financial Assistance?N/A
 

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:At Additional Cost
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:At Additional Cost
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. On-Site1-3 Days
 

Franchisee Qualifications

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

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:5 Year(s)
Term of Renewal Period:5 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:

   100
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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