Good Neighbor Pharmacy
Who are we
What to know about Good Neighbor Pharmacy franchise? Good Neighbor Pharmacy is a full-service pharmacy that provides a wide range of services to its customers. These services include prescription filling, immunizations, health screenings, and more. Good Neighbor Pharmacy also offers a variety of products, such as over-the-counter medications, vitamins, and supplements. In addition to these services and products, Good Neighbor Pharmacy also provides its customers with access to a team of pharmacists who are available to answer any questions they may have about their medication or health. Good Neighbor Pharmacy is committed to providing its customers with the highest level of service and care possible. Good Neighbor Pharmacy was established in 1982. Good Neighbor Pharmacy is based in Conshohocken, PA. Scroll down to learn more!How much does a Good Neighbor Pharmacy franchise cost?Are you wondering how much is a Good Neighbor Pharmacy franchise? Before starting a Good Neighbor Pharmacy franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Good Neighbor Pharmacy franchise is $278,797 and can go all the way up to $575,705. Keep in mind, you should also allocate additional funds to live off of while the Good Neighbor Pharmacy business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Good Neighbor Pharmacy franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Good Neighbor Pharmacy business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Good Neighbor Pharmacy franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Franchisees
Updated on Dec 19, 2023Reviews
Learn more about Wefranch Verified Reviews
Not enough hands-on interaction
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NoNeutralNeutralI am very happy with Good Neighbor Pharmacy and am proud to be one of the 4,500 locations.
Large resources. Good network of players in the Pharmacy space. Not pushy. Provides lots of tools to help the franchisees. Employees are all polite and patient. Very knowledgeable of the model they use and the playbooks they run.
Out of stocks seem to be higher than necessary in the Pharmacy drug space. Would like much more attention set to the profitable side of Pharmacy (Gifts, OTC, POCT, CBD, etc). Seems to look only at things that are in accepted and current use. Not one to take risk on non- prescription items. Stores need help to be successful with profitable merchandising.
YesPositiveApprovesTerrible, I do not recommend
Nothing
Corporate greed. Do not put customers first
NoNegativeDisapprovesExcellent experience. Get involved with several of their programs.
Management is very approachable. There are opportunities to meet with many of them personally at events etc.
Pharmacy industry is in a tough position in 2024/2025. They need to address additional ways to reach profitability for stores. They are trying.
YesPositiveApprovesTHEY ARE THE EVIL I KNOW
DELIVERY SERVICE
FEES, DRUG PRICING, ELEVATE IS WORTHLESS PSAO, CUT MORE MIDDLE MANAGEMENT AND INCREASE DRUG REBATES, ACCOUNT MANAGERS WORTHLESS
NoNegativeDisapproves
Franchise Disclosure Documents
Showing 3 of 3 FDDsFrequently Asked Questions
What is the average franchisee rating for Good Neighbor Pharmacy?
The average franchisee rating for Good Neighbor Pharmacy is 3 stars.