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General

Industry

Retail Products and Services

Category

Specialized

Works with Franchise Brokers

No

Year of Founding

1997

Fees

Marketing Fee

$25 per month

Royalty Fee

$355 per month

Franchise Fee

$0-$0

Investment Range

$251K-$674K

Location units

Total U.S. Locations

5044

U.S. Franchised Units

5044

U.S. Corporate Units

N/A

Headquarters (City)

Irving

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1997

Issuance of FDD Data

06/30/2021

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$251K-$674K

Franchise Fee

$0-$0

What to know about Health Mart franchise?

Health Mart is a pharmacy chain owned by McKesson Corporation. They have stores located all over the United States. They offer a variety of services, such as immunizations and health screenings, making it a convenient one-stop shop for all the customer's health needs. Their staff is specially trained to provide expert advice and counsel on prescription medications, over-the-counter products, and dietary supplements. They also offer a wide range of home health care products and services. In addition to their retail store locations, they also have an online pharmacy that makes it easy for customers to refill prescriptions and order new ones. Health Mart is dedicated to providing the highest quality products and services to their customers. Health Mart's provides their franchisees with the necessary tools and resources to run a successful business. They offer training on how to operate the store, how to provide excellent customer service, and how to market the store.

Health Mart is based in Irving, TX. Scroll down to learn more!

How much does a Health Mart franchise cost?

Are you wondering how much is a Health Mart franchise? Before starting a Health Mart franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Health Mart franchise is $250,865 and can go all the way up to $674,340. Keep in mind, you should also allocate additional funds to live off of while the Health Mart business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Health Mart franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Health Mart business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Health Mart franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Health Mart. Hotels to the Specialized, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 3857 1138 385 4609
2017 4610 790 566 4834
2018 4834 735 648 4921
2019 4921 732 643 5010
2020 5010 715 681 5044

Additional Details

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 $355 per month royalty fee and $25 per month marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Health Mart Franchise Disclosure Document

Keep in mind, there is also an initial Health Mart franchise fee of $0 that is included in the initial investment amount of $250,865 to $674,340. 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 the financials for this business, 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 started offering franchises in 1997. Health Mart was founded 25 years ago in 1997.

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 2021, there were 5044 locations across the U.S. There are also 0 corporate locations. 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 1972 outlets throughout the U.S

Visit the Health Mart metrics tab to explore how the openings compare to other Retail Products and Services franchises.

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 Industry 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 10/01/2017. 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. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

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 Martfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Health Mart franchise for sale rate 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 Industry 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 franchise for sale rate compares to 2,000+ other franchises and Industry 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 today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Health Mart

$462,603

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Health Mart

$355 per month

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Health Mart

$0

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

Unlocked Vetted Member Access

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlocked Vetted Member Access

General

Industry

Retail Products and Services

Category

Specialized

Works with Franchise Brokers

No

Year of Founding

1997

Fees

Marketing Fee

$25 per month

Royalty Fee

$355 per month

Franchise Fee

$0-$0

Investment Range

$251K-$674K

Location units

Total U.S. Locations

5044

U.S. Franchised Units

5044

U.S. Corporate Units

N/A

Headquarters (City)

Irving

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1997

Issuance of FDD Data

06/30/2021

Detailed Franchise metrics for Health Mart

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Health Mart below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Health Mart

1%

4%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Health Mart

1%

10%

Industry median

All franchises median

Unlock Vetted Member Access

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Health Mart

15%

39%

Industry median

All franchises median

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Business details

Website

http://www.healthmart.com/ http://www.becomeahealthmart.com/ http://www.join.healthmart.com/

Business email

**********@******.com

Mailing address

6535 State Hwy 161

State headquarters

Texas

Contact Name

Health Mart

Phone

+1 (000) 0********00

City

Irving

Zip code

75039
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