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MEDICAP PHARMACY
Medicap Pharmacies Incorporated offers franchises for operating retail pharmacies under the Medicap Pharmacy® name, marks, and system, providing prescription drugs, non-prescription medicines, health and beauty products, and additional services like wellness programs. The business model involves franchisees running stores with access to support services, pharmaceutical inventory from Cardinal Health affiliates, and optional Retail Solutions programs. The target market is the general public, with elderly persons comprising a disproportionate share due to the aging population.
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Franchise Costs
3% of Gross Sales continuing license fee (or $599/mo fixed if electing 95% Cardinal Health pharmaceutical purchases) + optional monthly Retail Solutions fees ($55-$1,015 per service). No mandatory brand advertising fund.
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
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Unlock financial performance dataMEDICAP PHARMACY Franchise Analysis
Ever wondered if a pharmacy franchise from a major supplier like Cardinal Health could be your ticket to steady retail health, or if recent dips signal caution? The FDD hints at robust support but skips Item 19 earnings data, while SBA financing history and location shifts offer clues without full transparency. What happens when a 50-year system contracts—opportunity or red flag?
Item 7 lays out the initial investment at $513,050 to $895,653, covering build-out for a retail pharmacy stocking prescriptions, OTC meds, beauty products, and wellness services. Royalty hits 3% of gross sales, but opt for 95% Cardinal Health pharma purchases and it drops to a $599 monthly fixed fee—smart for high-volume operators—plus optional Retail Solutions add-ons from $55 to $1,015 monthly. No brand fund eases ongoing costs, and with headquarters in Dublin, OH, since 1974, franchisees tap inventory and systems from the parent powerhouse.
System health raises eyebrows: 63 locations in 2024 shrank to 59 in 2025 (-6% growth), with 6 terminations, 4 transfers, and just 5 projected new units. No Item 19 means no median revenues or profits to benchmark, forcing reliance on 15 SBA loans averaging $507,613—solid financing proof but check defaults. Elderly-heavy demographics promise demand amid aging boomers, yet contraction suggests saturation or execution hurdles; weigh if your market bucks the trend before diving in.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How MEDICAP PHARMACY Compares
Key Insights
- Higher investment than 87% of Medical Services franchises
- One of the lowest SBA loan default rates in Medical Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
MEDICAP PHARMACY Current | $513K – $896K | N/A | 3.0% | 59 |
| VISION SOURCE | $100K – $450K | N/A | 2.5% | 3,027 |
| THE JOINT CHIROPRACTIC (UNIT) | $254K – $521K | $40K | 7.0% | 696 |
| AFC/AMERICAN FAMILY CARE | $948K – $1.5M | $60K | 6.0% | 327 |
| THE MEDICINE SHOPPE OR MEDICINE SHOPPE | $513K – $896K | N/A | 3.0% | 271 |
| ANY LAB TEST NOW | $183K – $318K | $55K | 7.0% | 247 |
Medical Services Average 23 franchises | $281K – $571K | $59K | 6.5% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 23 Medical Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+10 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for MEDICAP PHARMACY franchisees (2010 – 2020)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
15 SBA loans on record
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Unlock SBA loan historyFranchisee Contacts
60 franchisee contacts on file from official FDD filings.
60 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a MEDICAP PHARMACY franchise ranges from $513,050 to $895,653. Ongoing royalty fees are 3.0% of gross sales.
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