- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$196K - $217K
- Units as of 2019
-
47 4,600.0% over 3 years
Company Overview
About Pharmabox
- Industry
- Retail
- Related Categories
- Miscellaneous Retail Businesses, Miscellaneous Health Products
- Founded
- 2014
- Leadership
- Heidy Espinosa, CEO
Franchising Overview
- Franchising Since
- 2018 (4 years)
- Where seeking
-
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 47 (as of 2019)
Franchisor Information
- Corporate Address
-
9649 N.W. 33rd St.
Doral, FL 33172
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Pharmabox franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $36,000
- Initial Investment
- $195,700 - $216,800
- Net Worth Requirement
- $350,000
- Cash Requirement
- $100,000
- Royalty Fee
- 6%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Pharmabox has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 8 hours
- Classroom Training
- 32 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaSocial MediaSEOEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- -1
- Are exclusive territories available?
- Yes
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