How much does a Health Mart franchise owner make?

Health Mart franchise earnings and revenue can vary significantly from one franchisee to another. The Health Mart franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors. Health Mart unfortunately does not disclose financials on how much Health Mart franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S. Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Health Mart does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Health Mart franchisees. Do note that Health Mart is not alone as about 40% of franchises do not disclose franchisee financial performance. At Vetted Biz, we suggest you to speak with 5 to 10 Health Mart franchisees to understand how much money they are making from their Health Mart business. You should also speak to former Health Mart franchisees to understand why they left the system. Did they sell their Health Mart at a profit? Were they forced to close their Health Mart franchise down because it kept losing money?

What is the Health Mart Franchise Fee?

Owning a Health Mart franchise requires a $325 per month royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. Keep in mind, there is also an initial Health Mart franchise fee of $0 that is included in the initial investment amount of $2,365 to $103,940. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Health Mart franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Health Mart franchise fee of $0. Visit the Health Mart metrics tab to explore how the franchise, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Health Mart founded?

Health Mart was founded 25 years ago in 1997. Health Mart started offering franchises in . At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Health Mart locations are in the U.S.?

As of Issuance of 2021, there were 5044 Health Mart locations owned and operated by franchisees across the U.S. There are also 0 corporate locations owned and operated by Health Mart. Most Retail Products and Services franchises like Health Mart have more franchised locations than corporate locations.

How many Health Mart franchises opened over the past few years?

Over the prior 3 years we have data for, Health Mart has opened 2182 outlets throughout the U.S. Visit the Health Mart metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Health Mart franchises closed over the past few years?

Over the prior 3 years we have data for, Health Mart has closed 1977 outlets throughout the U.S. Visit the Health Mart metrics tab to explore how the closures compare to other Retail Products and Servicesfranchises.

Is Health Mart growing? Are they opening more locations than they are closing?

The net unit growth rate for Health Mart over the past 3 years is 4%. Over the last year we have data for, Health Mart had a net unit growth rate of 1%. Without a comparison, this number doesn’t mean much. Compare how the Health Mart growth rate compares to 2,000+ other franchises and Retail Products and Services franchises like Health Mart. More info in the Health Mart metrics tab.

Is Health Mart franchise eligible for an SBA Loan?

Health Mart is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here. Health Mart franchise was assigned the SBA Franchise ID of S0795 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Health Mart that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is Health Mart a franchise in the United States?

According to the SBA, Health Mart meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Health Mart provides you with an FDD if you are in discussion to buy a Health Mart.

What is the Health Mart Franchise for Sale Rate?

The Health Mart systemwide health and franchisee satisfaction can be measured by the Health Mart franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor. The franchise for sale rate for Health Mart over the past 3 years is 10%. Over the last year we have data for, Health Mart had a franchise for sale rate of 1%. Without a comparison, this number doesn’t mean much. Compare how the Health Mart franchise for sale rate compares to 2,000+ other franchises and Retail Products and Services franchises like Health Mart. More info in the Health Mart metrics tab.

What is the Health Mart Franchise Failure Rate?

Health Mart franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise! Health Mart failure rate over the past 3 years is 39%. Over the last year we have data for, Health Mart had a franchise failure rate of 14% Without a comparison, this number doesn’t mean much. Compare how the Health Mart failure rate compares to 2,000+ other franchises and Retail Products and Services franchises like Health Mart. More info in the Health Mart metrics tab.

How can I find out more details on Health Mart franchise?

Visit the Health Mart metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!