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Is CVS a Franchise?

No. CVS is no longer a franchise as of January 2023, but rather a corporate entity with numerous divisions. The corporation is listed on the New York Stock Exchange and is led by a Board of Directors, with Karen S. Lynch serving as President and CEO.

Because of its accelerated expansion through the years and existence in numerous regions, there is a popular misunderstanding that CVS employs a franchise-based approach; however, CVS is currently not a franchise but instead a business corporation.

CVS conducts its operations via a multitude of subsidiaries under the umbrella of the principal company. CVS Health Corp (CVS) originally Consumer Value Stores, dates back to 1963 when Brothers Stanley and Sidney Goldstein and partner Ralph Hoagland opened a value retail outlet.

The firm did well and continued to expand during the following years before being purchased by Melville Corporation, a general marketing consultant, in 1969. CVS now possesses more than 9,900 sales outlets in 49 states, Washington, D.C., and Puerto Rico.

According to reports, over 300,000 people are employed by the company. CVS is the biggest pharmacy retailer in the United States, both in the definition of branches across the country and income derived.

The corporation started out trading medications and has since enlarged its offering to include goods such as beauty supplies, gift items, image finishing services, and even foodstuff. CVS is already on the Fortune 500 list for some time and has grown steadily over the years.

Despite the fact that the franchise system is a completely appropriate and excellent corporate strategy, CVS has opted to remain on the corporate path for the time being. This is primarily due to the fact that the top stockholders gain from being capable of overseeing each retail outlet.

Furthermore, as a Corporation, CVS is capable of providing affordable prices to its patrons. Because of production contracts with subsidiaries and associates, corporate entities frequently experience lower overheads and can pass on extra savings to customers in order to maintain minimal prices

Other Pharmacy Franchise Opportunities in the United States

Even though CVS is not really a franchise and it is highly doubtful that they will allow it to become one in the coming years, there are various opportunities for Franchising. Here are some top pharmacy franchise businesses in the United States.

  1. Good Neighbor Pharmacy

Good Neighbor Pharmacy Chain is a defining feature of AmerisourceBergen Drug Corporation, a medicine vendor and distribution business headquartered in Chesterbrook, Pennsylvania, that was founded in 1953 and began franchising in 1995.

The chain has numerous locations spread all over the United States, from east to west. Good Neighbor Pharmacy provides its clients with customized attention, reasonably priced products, and remarkable care which can only be provided by a local neighborhood pharmacy.

Financial Requirements
  • Initial investment: $278,797 – $575,705
  • Franchise Fee: None
  • Royalty Fee: None
  1. Health Mart

Health Mart is a nationwide chain of individually held and controlled pharmacies with more than 3,000 franchises across the country, each providing specialized care and assistance that may only be obtained from a dependable local member of the community.

McKesson purchased the FoxMeyer Pharmaceutical Company in 1996. As a result of this purchase, the Health Mart franchise started collaborating with dozens of pharmacies. After McKesson purchased Health Mart, the franchise expanded incredibly quickly and obtained various honors from foremost pharmaceutical industry reports.

Financial Requirements
  • Initial investment: $2,275 – $654,250
  • Franchise Fee: None
  1. Benzer

Benzer Pharmacy, previously identified as Rx Care Pharmacy, is a small but rapidly expanding US pharmacy chain. Benzer Pharmacy distributes both prescribed medication and OTC medications. Through its web-based restocking solutions, the pharmacy continues to serve patients and medical professionals in all 50 states.

They offer expertise in pharmaceuticals and drug management initiatives for individuals who suffer from long-term illnesses such as hepatitis, HIV, multiple sclerosis (MS), rheumatoid arthritis (RA), hepatitis C, dermatology, and intravenous immunoglobulin (IVIG).

Financial Requirements
  • Initial investment: $157,810 – $304,110
  • Franchise Fee: $2,500
  1. Medicap Pharmacy

Medicap Pharmacy was established in 1971 and launched its inaugural store, First Aid Kit, in Des Moines, Iowa, emphasizing the perfect blend of easiness, economy, and improved quality of care. Medicap provides an easy, cost-effective, and specialist pharmacy franchise system.

The corporation takes pride in new pharmacy openings as well as turning established and self-sufficient storefronts into the Medicap idea.

Financial Requirements
  • Initial investment: $22,100 – $447,000
  • Franchise Fee: $15,000
  • Royalty Fee: 3%
  1. The Medical Store

Michael Bush, a St. Louis pharmacist, established The Medicine Shoppe in 1968. Bush’s objective was always to open a drugstore in his neighborhood that was devoted to personalized attention and was run by a healthcare professional.

MSI has kept growing and now concentrates on providing a complete string of OTC products, vital health preventive care, and the private care and consideration of a competent healthcare professional who always takes the time to understand its patients.

Financial Requirements
  • Initial investment: $77,000 – $152,500
  • Franchise Fee: $10,000
  • Royalty Fee: 2% – 5.5%


CVS Health is a corporate entity with numerous business units, not a franchise. CVS Pharmacy is the biggest drug store chain in the country in terms of the number of branches.

CVS carries prescription medications along with a large array of essential products such as non-prescription drugs, skin care products, personal care products, movie and picture finishing services, seasonal products, gift items, and ready meals via its CVS pharmacies and Longs Drugs retail stores. Aside from that, CVS also offers medical services via its 1,100 MinuteClinic diagnostic offices and diabetes care centers.