Franchising General Information
On behalf of Sav-Mor Drug Stores, we would like to thank you for your interest in franchising with our "Chain of Independent Drug Stores". Sav-Mor Franchising, Inc. would not be the success it is today if it weren't for the hard work and knowledge of our franchise corporate office, independent pharmacies along with our Drug Wholesale partner, Frank W. Kerr. All of our Sav-Mor Drug Stores are owned and operated by franchisees, making them key to the ongoing commitment and success of our "Chain of Independents".
Franchise status for Sav-Mor Drug Stores is a critical distinction for industry credibility. Our performance has earned respect from within the industry, and established a reputation, that is unmatched by any other organization of Independent Drug Stores owner operators.
One of the driving forces behind the strength and development of Sav-Mor Franchising, Inc. has been the service and value added tools along with the technologies that support increased growth and profitability of our locations. We have successfully built, through trust and commitment, a very close working partnership with our franchisees and continue to nurture mutually beneficial relationships. It is a "partnership" built on trust with a common focus and vision for Sav-Mor Drug stores. Sav-Mor Franchising, Inc. offers:
- Unique franchise opportunities for all types of pharmacies (Clinic, mid-size and full line drug stores)
- Decades of experience in the Pharmacy Industry
- Complete PBM pharmacy contracting
- PBM Cash Management
- Claim by claim reconciliation
- Pharmacy Audit Services
- Volume full service wholesaler services
- Independent Web Site with prescriptions on line, etc.
- Most importantly, piece of mind with administrative backend support
We continue to provide our members with innovative practice tools to help them profitably run their business while we build effective, rewarding relationships with industry vendors, associations, PBM Networks and government affairs. Whether it is PBM, Medicare D, or more technology, we're prepared to meet the Drug Store Industry needs.
For more information click here or follow the top menu bard under Franchising. If Sav-Mor Franchising, Inc seems like a great opportunity for you, please fill out our Pre-Qualification Inquiry or contact Yvonne Gallagher directly at 248-348-1570.
Fees & Requirements
The Sav-Mor franchise system provides pharmacy management, claim reconciliation, PBM audit services, supply and advertising systems for independent drug store owners. The franchisee will operate its drug store business as a Full-Line Store, Mid-Line Store or an Apothecary Pharmacy, depending on the location, in accordance with the Sav-Mor franchise system.
Figures provided can only be an estimate of your actual investment. Your investment may vary depending on the type of Store your develop, local conditions particular to your geographic area or market, for example, real estate demand, availability and occupancy rates. Additional variables that may impact your initial investment may be: the size of your pharmacy volume, pharmacy operating systems, number of workstations, type of automation, opening pharmacy inventory etc. Buying a franchise is a complex investment that requires considerations of the following:
Approximate Initial Investment Amounts
|Initial Franchise Fee||$ 1,000.00|
|Signage (depends on size)||$ 500.00 - $ 15,000.00|
|Pharmacy Computer||$ 9,000.00 - $ 30,000.00|
|Insurance Coverage||$ 5,000.00 - $ 15,000.00|
|Training time & travel||$ 250.00 - $ 5,000.00|
|Miscellaneous Pre-opening||$ 1,000.00 - $ 2,500.00|
|Opening Rx Inventory||$30,000.00 - $120,000.00|
The total investment necessary to begin operation of a Sav-Mor franchise is from $50,750.00 to $187,250.00. These figures are estimates of your initial start up expenses. , and we cannot guarantee that you will not have additional expenses starting the business. Your cost will depend on your management skill, experience and business acumen; local economic conditions; the local market for your products and services; the prevailing wage rate; competition; and the prescription volume reached during the initial period.
Each franchise location will pay the franchisor a fixed monthly royalty sum. This fee is NOT based on volume but rather the size of your Drug Store operation. Other monthly expenses to consider will be building lease and utilities, pharmacy software maintenance; web site fees, health care, advertising, etc. We have relied on our over 50 years of experience in operating Drug Stores to compile these estimates. You should review these figures carefully with a business advisor before making any decision to purchase the franchise. We do not offer financing directly or indirectly for any part of the initial investment. The availability and terms of financing depend on many factors, including the availability of financing generally, your creditworthiness and collateral and lending policies of financial institutions from which you request a loan.
Now, after you've read the Fees & Requirements page, you are ready for our evaluation process to begin. If you qualify for membership in SAV-MOR Franchising, Inc., you will join a group of progressive Independents committed to success in an ever-changing industry and marketplace.
The next step is to let us know that you're interested and to get a little background information. Please fill out ALL of the fields below. We should get back to you within seven to ten (7-10) business days.
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