Medicap Pharmacy Franchise FDD, Costs & Fees (2026)

Medicap Pharmacy provides personalized pharmaceutical services, ensuring patients receive expert guidance and care for their medication needs in a convenient and friendly environment.

KEY FRANCHISE STATS

Franchisees

-13%

Franchise fee

Investment

$130,000 - $961,000

Revenue (AUV)

n.a.

Medicap Pharmacy is a well-established retail pharmacy franchise that was founded in 1971 in Des Moines, Iowa. The brand began franchising in 1974, quickly expanding across the state.

By 1981, it operated 28 pharmacies in Iowa alone and expanded regionally by 1984. Today, Medicap Pharmacy operates under the ownership of Medicine Shoppe International, a subsidiary of Cardinal Health. Its headquarters are located in West Des Moines, Iowa, with corporate offices in Dublin, Ohio.

The franchise offers a wide range of healthcare products and services, including prescription medications, over-the-counter items, health supplies, and private-label products. In addition to retail services, Medicap Pharmacy locations provide immunizations, point-of-care testing, and private consultations to deliver more personalized care.

Medicap Pharmacy sets itself apart from large chain competitors by emphasizing a community-focused approach.The model includes flat monthly fees, business coaching, digital marketing resources, and flexible branding options that allow owners to co-brand with Medicine Shoppe or maintain an independent identity.

Initial investment

The initial investment required for a Medicap Pharmacy franchise is $130,000 - $961,000. That is the total cost you would need to finance if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Medicap Pharmacy offers 2 types of franchises:

Type of Medicap Pharmacy® Business	Initial Investment
New Medicap Pharmacy® business	$478,050 – $961,440
Medicap Pharmacy® business converted from an existing pharmacy	$130,000 – $582,440

‍

We are summarizing below the main costs associated with opening a New Medicap Pharmacy® business.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

Type of Expenditure	Amount
Initial Fee	$0
Furniture, Fixtures & Equipment	$42,000 – $95,000
Pre-Opening Costs	$3,000 – $10,000
Leasehold Improvements	$55,000 – $175,000
Signs & Installation	$15,000 – $35,000
Opening Inventory	$95,000 – $170,000
Grand Opening and Marketing	$4,000 – $34,000
Accounts Receivable Financing	$60,000 – $100,000
Computer and Pharmacy Equipment	$26,000 – $40,000
Retail Solutions	$0 – $14,075
Telepharmacy	$0 – $35,865
Accreditation Costs	$3,050 – $7,500
Additional Funds – 3 months	$175,000 – $245,000
TOTAL	$478,050 – $961,440

Medicap Pharmacy offers 2 types of franchises:

Type of Medicap Pharmacy® Business	Initial Investment
New Medicap Pharmacy® business	$478,050 – $961,440
Medicap Pharmacy® business converted from an existing pharmacy	$130,000 – $582,440

‍

We are summarizing below the main costs associated with opening a New Medicap Pharmacy® business.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

Type of Expenditure	Amount
Initial Fee	$0
Furniture, Fixtures & Equipment	$42,000 – $95,000
Pre-Opening Costs	$3,000 – $10,000
Leasehold Improvements	$55,000 – $175,000
Signs & Installation	$15,000 – $35,000
Opening Inventory	$95,000 – $170,000
Grand Opening and Marketing	$4,000 – $34,000
Accounts Receivable Financing	$60,000 – $100,000
Computer and Pharmacy Equipment	$26,000 – $40,000
Retail Solutions	$0 – $14,075
Telepharmacy	$0 – $35,865
Accreditation Costs	$3,050 – $7,500
Additional Funds – 3 months	$175,000 – $245,000
TOTAL	$478,050 – $961,440

Franchise Disclosure Document

Below is Medicap Pharmacy's 2023 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.

Number of units

Medicap Pharmacy had 67 total units in 2023, of which 67 were franchised-owned and 0 company-owned.

Frequently Asked Questions

Competitors

Below are some of

Medicap Pharmacy

key competitors in the

Pharmacy

sector.

Franchise

New

-13%

3.00%

$130,000

$961,000

n.a.

Good Neighbor Pharmacy

$200K - $500K

2468

New

-2%

$599 per month

$279,000

$575,000

n.a.

Health Mart Pharmacy

$200K - $500K

4657

New

-6%

$390 per month

$251,000

$674,000

n.a.

986 Pharmacy

$200K - $500K

New

79%

$1,500 - $2,000 per month

$280,000

$671,000

n.a.

Pharmaconic

$200K - $500K

New

n.a.

3.00%

$302,000

$415,000

n.a.

Medicine Shoppe

$200K - $500K

297

New

-7%

3.00%

$478,000

$961,000

n.a.

Training

Medicap Pharmacy franchise offers a comprehensive training and assistance program to its its franchisees:

Mandatory Policies and Procedures Training
Franchisees are required to conform to all mandatory policies and procedures established by Medicap Pharmacy. These are initially provided in a manual and may be supplemented through various means such as bulletins or internet updates. The franchisor retains the right to ensure compliance and mandates correction of any nonconformance within thirty days after written notice.
Pre-Opening Assistance
The franchisor explicitly states that it is not obligated to provide any pre-opening assistance. Franchisees are responsible for launching their operations without such support.
Marketing Assistance
Medicap Pharmacy will provide access to advertising templates and a basic business website with limited customization options. This assistance is offered periodically based on what the company deems appropriate.

Territory Protection

Medicap Pharmacy does not offer exclusive territory protection to its franchisees. According to the franchise agreement, franchisees are granted the right to operate a retail pharmacy at one location, but this does not come with exclusivity or protection from competition.

The franchisor explicitly reserves the right to operate or license other locations that may directly compete with the franchisee’s business. This means that even if a franchisee establishes a presence in a specific area, Medicap Pharmacy retains the discretion to authorize new franchises or company-owned stores in the same geographic region.

Furthermore, the franchisee does not receive options or preferential rights to acquire additional locations. As a result, franchisees should be prepared to potentially face competition from other Medicap Pharmacy outlets nearby.