If you are thinking of starting a pharmaceutical franchise, you are not alone. The pharmacy industry is one of the fastest-growing sectors in the world.
After the pandemic, health care is becoming a priority for our society, and as a result, the demand for medical supply franchisees has increased
The United States has the world’s largest pharmaceutical market in the world with annual revenue.
In 2021, the U.S. pharmaceutical industry earned $550 billion in annual revenue and is projected to grow further in the future.
(Source: Zippia). However, starting your own line of pharmacy can be tedious, given the regulations and licensing hassles.
Pharmacy franchise opportunities in the United States have risen sharply in recent years as the population becomes more concerned about their health.
Buying a pharmacy franchise would be a great option due to the recognized brand image and access to an existing network of suppliers and resources at reasonable prices.
Here are the 10 best pharmacy franchise opportunities you can join.
All these companies are ready to share their valuable experience with you and teach you how to earn fast with constant support. Let’s get started!
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10 Best Pharmacy Franchise Opportunities
1. Medicap Pharmacy Franchise
| Founded in | 1971 |
| Franchising Since | 1973 |
| Estimated Outlets | 237 |
| Franchise Fees | $15,000 |
| Initial Investment | $22,100 – $447,000 |
| Liquidity | $55,000 |
| Royalty Fees | 3% |
Medicap Pharmacy is a walk-in pharmacy in the United States. Medicap knows that a quality pharmacy is more than just a quick prescription.
At Medicap, quality care means providing consumers with the prescription drugs they need quickly and efficiently, along with the personal attention and care they expect and deserve.
Medicap pharmacy customers know they can rely on pharmacists’ in-depth knowledge and will take time to get to know them and their specific needs.
Medicap provides a convenient, affordable, and professional pharmacy franchise model.
The company specializes in starting new pharmacy franchises and converting existing and independent pharmacies to the Medicap concept.
Medicap franchisees must have business experience and some experience in the pharmaceutical industry.
2. Medicine Shoppe International Franchise
| Founded in | 1968 |
| Franchising Since | 1971 |
| Estimated Outlets | 1312 |
| Franchise Fees | $10,000 |
| Initial Investment | $77,000 – $152,500 |
| Liquidity | $100,000 |
| Royalty Fees | 2-5.5% |
Medicine Shoppe was founded in 1968 by pharmacist Michael Bush in St. Louis.
Busch’s mission is to provide its community with a pharmacy that is personally serviced and managed by a pharmacist.
In 1970, Busch founded Medicine Shoppe International, Inc. (MSI) and expanded pharmacy franchise opportunities to friendly, entrepreneurial pharmacists and other independent investors.
Today Medicine Shoppe International continues to grow and focus on customer needs by offering over-the-counter products, critical health screenings, and a full line of personal care and attention.
A knowledgeable pharmacist who always takes the time to get to know each customer.
3. Health Mart Franchise
| Founded in | 1996 |
| Franchising Since | 1997 |
| Estimated Outlets | 4690 |
| Franchise Fees | None |
| Initial Investment | $2,275 – $654,200 |
| Liquidity | N/A |
| Royalty Fees | $355 per month |
Health Mart Pharmacy is a nationwide network of independently owned and operated pharmacies in the United States.
With more than 3,000 pharmacy franchises all across the country, Health Mart offers special healthcare services that can only be expected from a trusted member of the community.
Health Mart Pharmacy offers franchise opportunities for pharmacists who are either neighbors or friends of the customers and clinically trained to take care of the well-being of the people living in a community.
Health Mart aims to be more than just a delivery and pickup pharmacy. They go the extra mile to provide the service and care that customers expect and deserve.
Health Mart pharmacists take the time to get to know their customers as patients, so they can trust Health Mart when they need it.
4. Good Neighbor Pharmacy Franchise
| Founded in | 1953 |
| Franchising Since | 2009 |
| Estimated Outlets | 2152 |
| Franchise Fees | None |
| Initial Investment | $278,797 – $575,705 |
| Liquidity | N/A |
| Royalty Fees | $599 per month |
Good Neighbor Pharmacy is a nationwide network of independently owned and operated pharmacies under the umbrella of AmerisourceBergen Drug Corporation.
With more than 3,100 franchises, Good Neighbor Pharmacy offers personalized service, affordable products, and exceptional care to customers.
Good Neighbor Pharmacy helps entrepreneurs in the retail pharmacy space to fulfill their dreams of owning their own pharmacy business by offering them innovative solutions and resources.
They allow franchisees to take advantage of the pharmacy’s brand name, trademark, and marketing channels to grow their business and compete with the rivals in exchange for a prescription fee to access the.
5. CVS Pharmacy Franchise
| Founded in | 1963 |
| Franchising Since | N/A |
| Estimated Outlets | 500+ |
| Franchise Fees | $9250 |
| Initial Investment | $9250 |
| Liquidity | $9250 |
| Royalty Fees | N/A |
CVS Caremark is a pharmacy innovation company reinventing pharmacy to improve health.
CVS Pharmacy is currently the largest pharmacy chain in the United States that provides health care services through medical clinics and diabetes care centers with more than 1,100-minute clinics.
CVS sells a wide range of merchandise, including prescription medications, beauty and cosmetics products, film and photo editing services, and greeting cards. CVS is a franchise ready-business with crazy high revenue.
Owning a CVS health pharmacy would be much more than just dispensing drugs. A CVS pharmacy’s daily profit margin ranges from $5,000-$8,000 a day.
CVS helps you find the best franchise opportunities and works with your pharmacy to simplify its operation, amplify your brand and empower your business.
6. Benzer Franchise
| Founded in | 2009 |
| Franchising Since | 2016 |
| Estimated Outlets | 87 |
| Franchise Fees | $2500 |
| Initial Investment | $157,810 – $304,110 |
| Liquidity | $50,000 |
| Royalty Fees | $800 per month |
Benzer Pharmacy, formerly known as Rx Care Pharmacy, is a fast-growing American independent pharmacy franchise chain.
Benzer Pharmacy sells prescription and over-the-counter medications. The pharmacy also serves patients and physicians in all 50 states through online fulfillment services.
Benzer Pharmacy specializes in prescription and medication management programs for people with complex chronic conditions.
With decades of business experience and a powerful network, Benzer Pharmacy is the best franchise option for an independent owner.
With a proven track record, unified service, nationally recognized brand image, and low operating costs, you’re not alone.
Join the fastest-growing pharmaceutical franchise in America and get the support you need today.
7. 101 Mobility Franchise
| Founded in | 2008 |
| Franchising Since | 2010 |
| Estimated Outlets | 194 |
| Franchise Fees | $35,000 – $60,000 |
| Initial Investment | $118,390 – $216,220 |
| Liquidity | $100,000 |
| Royalty Fees | 5-7% |
101 Mobility is one of the leading providers of mobility and hassle-free accessibility solutions across the United States.
With a focus on quality and customer service, 101 Mobility is committed to providing established and professional mobility services and accessibility solutions to seniors and people with disabilities and special needs.
101 Mobility provides ramps, home elevators, stair lifts, platform lists, safety equipment, and more to help seniors, veterans, and people with physical disabilities.
There are tons of benefits to becoming a 101 Mobility franchise owner.
They provide top-notch franchise marketing training, product resources, and professional support to help franchisees succeed and run their own business with confidence.
8. Pearle Vision Franchise
| Founded in | 1961 |
| Franchising Since | 1980 |
| Estimated Outlets | 548 |
| Franchise Fees | $30,000 |
| Initial Investment | $415,520 – $644,260 |
| Liquidity | $100,000 |
| Royalty Fees | 7-8% |
Pearle Vision is one of the largest eye care pharmacies in North America, with 548 eye care centers in the United States and Canada, many of which are locally owned and operated by franchisees.
The brand has over 30 years of pharmacy franchise experience, and although Pearle Vision is a wellness franchise, you don’t need medical expertise to own a franchise.
Pearle Vision has developed a proven system with attributes including a strong brand image and excellent reputation.
Low joining fee and turnkey operating system; an established supply chain; and scalability and the ability to grow into a sustainable industry.
In addition to business coach training and support, Pearle Vision provides real estate and back-end operating system support to new franchise owners.
Their Ignite program offers unique benefits that allow pharmacy franchise owners to maintain independence while building their business as a Pearle Vision franchise.
9. Miracle-Ear Franchise
| Founded in | 1985 |
| Franchising Since | 1987 |
| Estimated Outlets | 105 |
| Franchise Fees | $39,500 |
| Initial Investment | $228,500 – $437,000 |
| Liquidity | $45,000 |
| Royalty Fees | 6-2% |
Whether you want to start a pharmacy business or change your existing pharmacy business, Miracle-Ear offers you a pharmacy franchise opportunity to make a difference in the lives of people with hearing loss.
As hearing loss is increasingly common among Americans, studies have linked it to loneliness, depression, low income, and dementia.
As a Miracle-Ear Pharmacy Franchise Owner, you will be able to bring real solutions to the deaf and give them back a vital need in their lives.
Our supportive staff will guide you during the transition and help you take your pharmacy franchise to the next level.
By joining their franchise, you’ll become part of the nation’s largest hearing aid retailer, have access to the most competitive merchandise prices, and become part of a perpetual franchise.
That ranked in Entrepreneur® Magazine’s Top 100 Franchise Opportunities.
10. Dentist’s Choice Franchise
| Founded in | 1992 |
| Franchising Since | 1994 |
| Estimated Outlets | 138 |
| Franchise Fees | $45,000 |
| Initial Investment | $55,400 – $59,500 |
| Liquidity | $50,000 |
| Royalty Fees | 3-5% |
Dentist’s Choice is an industry network of local dental handpiece repair companies serving dentists throughout the United States and Canada.
For nearly two decades, The Dentist’s Choice has earned a reputation among dental professionals for the quality of their repairs.
Highly trained repair professionals are committed to providing the extraordinary customer service and satisfaction that customers expect from them.
Dentist’s Choice™ offers a comprehensive training program throughout the year.
Pharmacy franchise owners spend at least one week at headquarters receiving personalized training in repairing handpieces and marketing from expert professionals and technicians.
Our extensive support provides a full range of services as technical repairs, commissioning, marketing, sales, and technical updates.
Comparison of Top 5 Pharmacy Franchise Opportunities
| Company | Medicap Pharmacy | Medicine Shoppe International | Health Mart Pharmacy | Good Neighbor Pharmacy | CVS Pharmacy |
|---|---|---|---|---|---|
| Founded in | 1971 | 1968 | 1996 | 1953 | 1963 |
| Outlets | 237 | 548 | 4690 | 2152 | 500+ |
| Initial Investment | $22,100 – $447,000 | $77,000 – $152,500 | $149,722 – $388,630 | $2,275 – $654,200 | $69,650 – $1,233,900 |
| Franchise Fees | $15,000 | $10,000 | None | None | $9250 |
| Royalty Fees | 3% | 2.-5.5% | 355 per month | $599 per month | N/A |
Bottom Line
The pharmaceutical industry in the USA is a growing industry and pharmaceutical franchises are an excellent option for those relevant to or interested in that field.
Pharma franchise companies usually provide more assistance compared to independent businesses.
However, there are a lot of factors you must consider to separate the good options from the exceptional ones.
Pay attention to the training and marketing support being offered, the brand’s reputation, investment requirements, financial risks, and ongoing fees, and then align your budget with the requirements to make an informed decision.
All the Pharma franchise opportunities listed above offer extensive training, resources, and support to help franchisees succeed and make the most of their franchise business.
Whether you are a medical representative a wholesaler or a distributor, these franchises can help you grow your business.
To sum up we can say that investing in any of these pharmacy franchises is totally worth it and will help you earn a fast ROI no matter where you are starting.
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FAQ
Is Pharmacy Franchise a profitable option?
The success of a franchise is usually determined by the demand for the products or services in a specific area.
Healthcare is one of the most popular and recession-free sectors in franchising even in times of crisis.
A pharmacy franchise can survive and thrive at all times and can bring a steady income.
Can I Open A Pharmacy Franchise With Little Or No Money?
If you want to open a pharmacy franchise but don’t have enough capital, they are plenty of ways to get funding.
Some of the most common solutions include bank loans, SBA loans, attracting, and investors.
Some franchises also offer financial assistance to help franchisees cover some expenses and come up with a payment plan.
How To Buy A Pharmacy Franchise?
The process of buying a pharmacy franchise varies depending on the brand you have chosen.
Usually, it begins with sending an inquiry on the brand’s page, communicating with their representative about prospects, going through a franchise disclosure document, meeting with the founder and signing the contract, paying the lump-sum fee, and becoming a proud franchisee.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.