FranchiseVerdict
HEALTH MART Drugstore logo
FV-01172·MODERATEStandard67

HEALTH MART Drugstore

Health & Wellness - OtherFranchising since 1997Website
Investment
$2K – $799K
0th pct Other
Avg revenue
63rd pct Other
Royalty
Units
4,544
100th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $2K – $799K including a $0 franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 179 loans (below the industry average).
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Health Mart Systems, Inc.
Parent company
McKesson Corporation
Incorporated in
Delaware
HQ
6555 State Hwy 161, Irving, Texas 75039
Auditor
Deloitte & Touche LLP
Audited financials
Franchisor revenue
$33.8M
vs $39.2M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one HEALTH MART Drugstore unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $2K–$799K
Working capital
$
Item 7 didn't break this out — defaulted to ~10% of annual revenue

Unlevered ROIC · per unit

29%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$158K
EBITDA margin
21.0%
Total invested
$541K
Payback
41 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

HEALTH MART franchisees operate independent drugstores that fill prescriptions, dispense over-the-counter medications, and sell health/wellness products. Day-to-day operations include managing pharmacy staff, processing insurance claims, maintaining inventory, and serving retail customers—all while operating under a brand owned by McKesson Corporation, a major controlled substance distributor currently settling massive litigation.

CEO
Crystal Lennartz
Founded
1997
FDD year
2024
States available
50

Item 7 · what it costs

The Vitals

Total investment
$2K – $799K
All-in to open one unit
Liquid capital
$0 – $280K
Cash you must have on hand
Franchise fee
$0
Royalty
$390 per month
Ad fund
n/d

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
4,544
Opened
459
Last reporting year
Closed
573
Turnover rate
12.6%
Company-owned
1
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-2.4%
Net unit change last year
3-yr CAGR
-3.1%
Compounded over last 3 years
2022
4,543-114
Franchised units
2023
4,657
Franchised units
2024
4,689
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 15 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 15 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
179
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

61
Risk · 0-100
MODERATE61 / 100

HEALTH MART operates a declining franchise system under a parent company embroiled in multi-billion dollar opioid litigation, with undisclosed financials, unprotected territory, and unclear unit economics making risk assessment impossible.

Score breakdown · what drove the 61 / 100 rating

  1. 01HIGHParent company (McKesson) facing billions in opioid litigation settlements with 400+ related cases creating systemic reputational and financial risk
  2. 02MINORFranchise system declining 2.4% YoY with 4,544 units, indicating contracting market rather than growth opportunity
  3. 03MEDNo Item 19 financial disclosure (Avg Revenue and Net Income not disclosed) prevents informed ROI assessment on $2,470-$798,870 investment range
  4. 04MINORUnprotected territory creates direct competition risk from other HEALTH MART franchisees in same market
  5. 05MINORExtremely low franchise fee ($0) combined with $390/month royalty suggests franchisor prioritizes volume/royalties over franchisee profitability
  6. 06MINORUnknown franchise term creates uncertainty around renewal, buyout, and long-term planning
  7. 07MINORWide investment range ($2,470-$798,870) suggests highly variable unit economics with unclear cost drivers

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Protected territory
No
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
1
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Owner-operator
Optional
Governing law
Texas

Item 11

Training & Operations

Classroom training
8 hrs
On-the-job training
0 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

99 numbers

Locked
(515) 256-••••
IA
(899) 256-••••
(958) 256-••••

One-time purchase · CSV download · Validation questions included

FDD download

HEALTH MART Drugstore · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above