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Medicine Shoppe, The
1100 N. Lindbergh Blvd.
St. Louis, MO 63132-2992
800#: (800) 325-1397
Tel: (314) 993-6000
Fax: (314) 872-5500
E-Mail: [email protected]
Web Site: www.medicineshoppe.com
Contact: Mr. Dan Lhoita, VP Franchise Svcs./Devel.
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
Established: 1970
First Franchise: 1970
Franchise Units: 1,287
Company-Owned Units: 25
Total Units: 1,312
Distribution:
U.S. -- 1132;
Canada -- 0;
International -- 180
-North America -- Operations in 47 States
-States/Provinces with Greatest Density: 121 in PA, 111 in FL, 71 CA
Projected New Units Over Next 12 months: 65
Franchisee Qualifications: 3, 3, 4, 5, 2, 4
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 2 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,200 SF; FS, SF, SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $10-18K
Total Investment: $100K+
Average Total Investment: $100.0K
Minimum Net Worth: $50K
Fees:
-Franchise: $10-18K
-Average Franchise Fee: $14.0K
-Royalty: 2-5.5%
-Average Royalty: 3.8%
-Advertising: $200/Mo.
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/15
Passive Ownership: Allowed
Area Development Agreements: Yes
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(D)
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 240
On-Going Support: A,B,C,D,E,F,G,H,I (Click here for an explanation)
Training: 6 Days St. Louis, MO.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: Master License
Overseas: All Countries
Note: NR = No Response by Franchisor.
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