986 Pharmacy offers pharmaceutical retail services, including walk-in, delivery, and medical infusion options. The franchise delivers a comprehensive range of services to meet the medical and pharmaceutical needs of individuals and healthcare facilities.
Key Insights
- 986 Pharmacy developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Professional development keeps staff current with industry trends, best practices, and emerging technologies to ensure optimal service delivery and customer satisfaction while maintaining competitive advantages and adapting to changing market conditions and client expectations.
- Demographic shifts create new customer segments with distinct needs and service preferences, requiring businesses to adapt their offerings while maintaining core quality standards, creating opportunities for growth through market diversification and specialized service development.
Franchise Fee and Costs to Open
Exploring the financial picture of 986 Pharmacy gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $279,700 - $671,000, along with a franchise fee of $35,000 - $50,000.
Financial Performance and Revenue
Training and Resources
986 Pharmacy provides comprehensive training and resources for new franchisees. Initial training is a two-week program conducted at the franchisor's headquarters. This training covers all facets of operating a 986 Pharmacy location. The franchisor offers ongoing support and resources designed to assist franchisees in establishing and growing their businesses.
Legal Considerations
Legal considerations for a 986 Pharmacy franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may navigate local market competition, requiring differentiation strategies. Operational complexity can arise from inventory management, staffing, and adherence to regulations. Reliance on specific supply chains may present challenges in product availability and cost fluctuations.
Franchise Datasheet
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