Medicine Shoppe Int'l. Inc.

Pharmacy

Background

Founded: 1970 Franchising since: 1970
The Medicine Shoppe is a wholly-owned subsidiary of Cardinal Health Inc., and has more than 1,100 locations throughout the United States and more than 200 stores worldwide.

Since 1970, franchisees have been providing pharmaceutical counsel and experience along with prescriptions and supplies.

1 GMAC Insurance Plaza, #300
Earth City, Missouri 63045

Phone:
(800)325-1397/ (314)993-6000

Franchisor is a publicly-held company with 220 employee(s); 20 employee(s) in franchise department.

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 30,000 population surrounding a pharmacy

Costs and Fees

Total investment: $74.3K-253.4K
Franchise fee: $10K-18K

Ongoing royalty fee: 2-5.5%
Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	Yes	No
Equipment	Yes	No
Inventory	Yes	No
Accounts Receivable	Yes	No
Payroll	Yes	No

Qualifications
Business Experience:

Franchisee must be pharmacist or must hire one for store

Operations

10% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)