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Updated RecentlyMedicine Shoppe Franchise
Pharmacies specializing in prescriptions and health-related products
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.
Just as the right pharmacist can make all the difference to patients,
the right franchisor can make all the difference to you. For more than
45 years, Medicine Shoppe International has helped pharmacists do what
they want to do most: take care of patients. And while the business of
pharmacy is complex, our mutual goal is simple: to fuel your passion
for patient care and help you succeed.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a Medicine Shoppe Franchise?
The investment required to open a Medicine Shoppe Franchise is between $74,300-$253,400. There is an initial franchise fee of $10,000-$18,000 which grants you the license to run a business under the Medicine Shoppe name.
Individual Unit Costs
- Initial Investment:
$74,300-$253,400 - Initial Franchise Fee:
$10,000-$18,000 - Royalty Fee:
2-5.5% - Advertising Fee:
- Term of Agreement:
20 years
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Franchisees File Legal Action Against Cardinal Health And Medicine Shoppe International
More than 70 Medicine Shoppe franchise owners representing 82 stores have filed legal action against Medicine Shoppe International, Inc. (MSI) and its parent company, Cardinal Health, Inc. (Cardinal Health). The action was filed June 2, 2006, in Missouri through the American Arbitration Association ...
Medicine Shoppe International, Inc. Names Scott Glover Senior Vice President Of Sales And Marketing
Medicine Shoppe International, Inc. (MSI), a Cardinal Health company (NYSE:CAH) and the leading national franchisor of independent retail pharmacies, recently named Scott Glover senior vice president of sales and marketing for MSI. In his role, Glover will be responsible for all national advertiseme...
Medicine Shoppe Pharmacies Offer Tips And Medication Management Support For Caregivers
In the United States, more than 50 million individuals provide care for an aged, disabled or ill family member each year. And, for many caregivers, one of the more challenging aspects of their vast responsibilities is understanding and administering their loved ones' medication regimens. In fact, in...
Medicine Shoppe International, Inc. Names Jeff Foreman Vice President, Vendor Solutions
Medicine Shoppe International, Inc. (MSI), a Cardinal Health company (NYSE:CAH) and the leading national franchisor of independent retail pharmacies, recently named Jeff Foreman vice president of vendor solutions for MSI. Foreman will be responsible for MSI's Vendor Solutions Department which assist...
Medicine Shoppe International, Inc. Teams Up With Memberhealth, Inc. To Provide Pharmacy Services Around The 2006 Medicare Prescription Drug Program
Medicine Shoppe International, Inc. (MSI), a Cardinal Health Company (NYSE: CAH) and the largest franchisor of independent community pharmacies, has established a relationship with MemberHealth, Inc. to provide pharmacy services to Medicare Part D eligible beneficiaries across the nation. MSI also w...
Medicine Shoppe News & Press Releases
When did Medicine Shoppe start Franchising? 1970
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2004 | 926 | 91 | 184 | 35 |
| 2003 | 1075 | 76 | 154 | 34 |
| 2002 | 1055 | 71 | 171 | 25 |
| 2001 | 1101 | 70 | 165 | 26 |
| 2000 | 1086 | 65 | 154 | 14 |
International: Asia, Australia/New Zealand, Japan,
| Expense | 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 |
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
International franchisees required to buy multiple units/master licenses; 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)
To calculate how much income a franchise owner can do at Medicine Shoppe Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Legal Disclaimer: This information is not a franchise offering for Medicine Shoppe and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Medicine Shoppe franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Medicine Shoppe
Medicine Shoppe International Inc.
1100 N. Lindbergh Blvd.
St. Louis,
MO
63132