Medicine Shoppe vs Hydrate IV Bar Franchise Comparison

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

Start-Up Costs and Fees
 
Medicine Shoppe Franchise
Hydrate IV Bar Franchise
Investment $74,300 - $253,400$167,850 - $381,000
Franchise Fee $10,000 - $18,000N/A
Royalty Fee 2-5.5%-
Advertising Fee --
Year Founded 19702016
Year Franchised 19702020
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Medicine Shoppe Franchise
Hydrate IV Bar Franchise
Experience --

Financing Options
 
Medicine Shoppe Franchise
Hydrate IV Bar 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
Hydrate IV Bar 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)

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Expansion Plans
 
Medicine Shoppe Franchise
Hydrate IV Bar Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion Yes-

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 Hydrate IV Bar

"Hydrate

Hydrate IV Bar is a collection of IV therapy spas promoting wellness from within since 2016. With comfortable chairs, soothing music and a menu of services for illness, wellness, recovery, and beauty, Hydrate IV Bar is a place for you to relax, recharge and refresh your routine.
Headquartered in Denver, Colorado, Hydrate IV Bar launched their nationwide franchise program in 2020.
Now is the time to get in on thee ground floor, before someone else acquires the territory you wish.