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The Medicine Shoppe pharmacy was established in 1968 by St. Louis pharmacist, Michael Busch. Busch?s mission was to bring to his community a pharmacy that was both dedicated to personalized service and managed by the pharmacist. In 1970, Busch established Medicine Shoppe International, Inc. (MSI), allowing him to extend franchise-ownership opportunities to other customer-friendly, entrepreneurial pharmacists and independent investors. In 1971, the first franchised Medicine Shoppe pharmacy opened. Today, MSI continues to grow and focus on the needs of the customer by offering a full line of over-the-counter products, important health screenings, and the personal care and attention of a knowledgeable pharmacist who always takes the time to get to know his or her customers.
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Liquid capital required
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$10,000
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Net worth required
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$50,000
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Investment
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$77,000 - $152,500
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Franchise fee
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$10,000
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Units in operation
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1,312
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You'll need $10,000 in liquid capital to open a Medicine Shoppe, The. The franchise expects its new franchisees to have a net worth of at least $50,000. The lowest you can expect to invest is $77,000 if you want to become a franchisee. The most you would expect to invest in a Medicine Shoppe, The location is $152,500. New franchisees pay Medicine Shoppe, The a franchise fee of $10,000. Today, the location count for this franchise has reached 1312.
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Medicine Shoppe, The is listed in the Franchise Directory under the Healthcare category. It's also listed in the section for Franchises Under $20,000.
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