THE MEDICINE SHOPPE OR MEDICINE SHOPPE
Medicine Shoppe International, Inc. offers franchises for operating retail pharmacy businesses under The Medicine Shoppe® name, marks, and systems. Franchisees sell prescription and non-prescription medicines, vitamins, and potentially wellness services to the general public, with elderly persons comprising a disproportionate share of customers due to the aging population. The business model provides access to core support services from parent company Cardinal Health and affiliates, including pharmaceutical distribution and administrative support.
Franchise Costs
3% of Gross Sales continuing license fee (or $599/mo fixed if electing 95% pharmaceutical purchases from Cardinal Health) + no brand ad fund + optional monthly Retail Solutions fees ($55-$1,015 depending on services).
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
How THE MEDICINE SHOPPE OR MEDICINE SHOPPE Compares
Key Insights
- Higher investment than 86% of Medical Services franchises
- Top 10 largest franchise system in Medical Services
- Lower than average SBA loan default rate in Medical Services
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
THE MEDICINE SHOPPE OR MEDICINE SHOPPE Current | $513K – $896K | N/A | 3.0% | 271 |
| VISION SOURCE | $100K – $450K | N/A | 2.5% | 3,007 |
| THE JOINT CHIROPRACTIC (UNIT) | $254K – $521K | $40K | 7.0% | 696 |
| AFC/AMERICAN FAMILY CARE | $956K – $1.5M | $60K | 6.0% | 304 |
| ANY LAB TEST NOW | $171K – $298K | $55K | 7.0% | 237 |
| ANY LAB TEST NOW | $145K – $272K | $40K | 8.0% | 221 |
Medical Services Average 22 franchises | $257K – $533K | $59K | 6.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 22 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
+25 more states
SBA Loan History
Historical SBA 7(a) loan data for THE MEDICINE SHOPPE OR MEDICINE SHOPPE franchisees (2010 – 2025)
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.
Franchisee Contacts
298 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
298 Contacts Available
Unlock all THE MEDICINE SHOPPE OR MEDICINE SHOPPE franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily fee collection disputes where franchisees failed to pay amounts due under franchise agreements, including unilateral termination attempts, with counterclaims for breach of contract and good faith and fair dealing. All resolved via settlements involving payments to MSI, conversion to new agreements, or exit from the system.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a THE MEDICINE SHOPPE OR MEDICINE SHOPPE franchise ranges from $513,050 to $895,653. Ongoing royalty fees are 3.0% of gross sales.
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