Medicine Shoppe vs voco hotels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Medicine Shoppe vs voco hotels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Medicine Shoppe Franchise
voco hotels Franchise
Investment $74,300 - $253,400$15,963,880 - $46,738,600
Franchise Fee $10,000 - $18,000$75,000
Royalty Fee 2-5.5%0
Advertising Fee -0
Year Founded 19702020
Year Franchised 19702020
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements

 
Medicine Shoppe Franchise
voco hotels Franchise
Experience --

Financing Options

 
Medicine Shoppe Franchise
voco hotels Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs Yes/No-/-
Equipment Yes/No-/-
Inventory Yes/No-/-
Receivables Yes/No-/-
Payroll Yes/No-/-

Training & Support

 
Medicine Shoppe Franchise
voco hotels Franchise
Training --
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-
Operations 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)

-

Expansion Plans

 
Medicine Shoppe Franchise
voco hotels Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Medicine Shoppe

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.

About voco hotels

"voco

Drawing on their years of experience in delivering True Hospitality, voco Hotels, gives people a different choice.

The voco™ brand offers owners the ability to drive higher returns by delivering a distinctive, compelling, experiential consumer proposition and leveraging IHG's powerful resources.
voco is leading a trend towards conversions, which we’re seeing across the full breadth of our portfolio and accounted for a quarter of IHG’s signings overall in the first half of 2020