Medicap Pharmacy
Yes, we actively support the inclusion and development of minority-owned franchises in the Medicap Pharmacy system.
Medicap Pharmacy
4350 Westown Pkwy., # 400
West Des Moines, IA 50266-1061
800#: (800) 445-2244
Tel: (515) 224-8400
Fax: (515) 224-8494
E-mail: jnovotny@medicaprx.com
Web Site: www.medicaprx.com
Contact: Mr. John Novotny, Manager Franchise Development
MEDICAP PHARMACY - convenient, low-cost, professional pharmacies. The stores operate in an average of 1,500-2,000 square feet. We average 90% RX and the remaining 10% over-the-counter products, including MEDICAP-brand private label. We specialize in starting new stores and converting existing full-line drug stores and independent pharmacies to the MEDICAP concept. We teach independent pharmacists how to survive in today's marketplace.
Franchisor Background
Established: 1971
First Franchise: 1974
Franchise Units: 225
Company-Owned Units: 12
Total Units: 237
Distribution:
> North America -- Operations in 38 States
> States/Provinces with Greatest Density: 50 in IA, 23 in NC, 7 in SC
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 2 FT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; FS, SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $10-55K
Total Investment: $20-447K
Average Total Investment: $233K
Minimum Net Worth: $NR
Fees
>Franchise: $8.5-15K
>Average Franchise Fee: $11K
>Royalty: 2 or 3.9%
>Advertising: 1%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 20/10
Passive Ownership: Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: NA
Franchisee Assoc. / Member: NR
Size Of Corporate Staff: 62
On-Going Support: B,C,D,E,F,G,H,I (for an explanation click here)
Training: 4 Days Headquarters; 3 Days On-Site; 3 Days Computer.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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