Medicine Shoppe, The
Medicine Shoppe, The
1100 N. Lindbergh Blvd.
St. Louis MO 63132-2992
800#:(800) 325-1397
Tel: (314) 993-6000
Fax: (314) 872-5370
E -Mail: dlhota@medicineshoppe.com
Web Site: www.medicineshoppe.com
Contact: Mr. Daniel P. Lhota
MEDICINE SHOPPE is the only franchise of a business-format, retail pharmacy franchise. With more than 1,100 shoppes in the U. S. and 200+ outside the U. S., a base of experience has been established over 27 years that is invaluable to a master license prospect. The corporation, through its senior executive staff, transfers the knowledge and technical know-how to permit the replication of the MEDICINE SHOPPE franchise system throughout the world. Site selection, franchise selling, marketing, purchasing, finance/accounting, training and operations consulting are among the many facets of the franchise which the international master licensee masters as a result of his/her relationship with MEDICINE SHOPPE INTERNATIONAL. -1
Franchisor Background
Established: 1970
First Franchise: 1971
First International Franchise: 1991
Franchise Units: 1298
Company-Owned Units: 15
Total Units: 1313
Distribution:
U.S. - 1,065; Canada -- 36; International -- 201
Projected Total New Units Over Next 12 months: 100
Projected New International Units Over Next 12 months: 40
Size Of Corporate Staff: 210
Financial Projections Provided: No
Term of Franchise Agreement/Renewal (Master): 20/10
Term of Franchise Agreement/Renewal (Area): 20/10
Minimum Financial Requirements: A liquid net worth of $2M.
Expansion Requirements: To be able to achieve market awareness in their capital city within three years.
Franchisor Financial Assistance: In some cases.
Franchise Fee(Master): An internally developed factor multiplied by the gross domestic product of the country as reflected in U.S. dollars.
Franchise Fee(Area): Same as above.
On-Going Royalty (Master): A negotiated sharing of the royalty charged to the sub-franchisees between ourselves and the master licensee.
On-Going Royalty (Area): Same as above.
Franchisor Ad Program: Determined country by country.
International Trade Associations: IFA
Franchisee Qualifications
Ranked 1-5, 5 Being Very Important
Net Worth: 5
Business Experience: 5
Ability to 'Get Things Done': 5
Industry Experience: 4
Franchising Experience: 2
Psychological Profile: NR
Personal Interview(s): 5
Training/Services
Initial Franchisee Training: Master licensees are trained for two weeks at corporate headquarters by senior management of MSI. They learn the complete store operating system and how to be a franchisor. Training by MSI staff in their country on site selection, franchise selling, storeopening and overall system management occurs regularly throughout the franchise term.
On-Going Support: C,D,E,F,H,I
(Click here for an explanation)
International Agreements
Individual Operating Units: Never
Master Franchising: Most Often
Area Development: Sometimes
Licensing: Never
Foreign Subsidiary: Never
Joint Venture: Sometimes
Other:
Preferred Franchise Relationship: A Master License agreement where sub-franchising is permitted.
Seeking Partners In
North America: US (1065), CAN (36)
Europe/Eastern Europe: BE, FR, GR, GC, IR, IT, NE, NO, SP, SW, SZ, UK
Far East: AS (1), CH, HK, ID (2), KO, MA, (46), NZ, PH (6), TA (102), TH (1)
Mexico: MX (6)
Caribbean: CB
Central America:
South America: AR, BR, CH, CO, EC, PE, VE
Middle East / India: IN, OM, SA, UA
Africa:
Countries Not Listed Above:
Click here for a sample questionnaire.
| New
Search: Alphabetical
| Industry
Type |
Total
Units |
|