Business Description

ARROW CORPORATION is one of the nation's largest franchisors of retail pharmacies, offering opportunities in traditional and alternative settings. At the core of ARROW'S philosophy is the delivery of pharmacy services directly to the patient by the pharmacist.

Franchisor Background

Year Established:  1989

Franchising Since:  1990

Operating Units:
Franchised Units:	48	68.6%
Company-Owned Units:	22	31.4%
Total Operating Units:	70	100.0%
Geographic Distribution: U.S.: 70 100% In 6 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 70 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Connecticut	42
2. Massachusetts	5
3. Michigan	5

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$100K
Cash Investment:	$20% of Total
Total Investment:	$300K
Average Total Investment:	$300K
Fees:
Initial Franchise Fee:	$15K
Average Franchise Fee:	$15K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	Varies

Average Number of Employees: 2 Full-time, 1-6 Part-time

Space Needs (in square footage): 1,500

Preferred Sites: Free-standing Building, Strip Center

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	5
Formal Education:	5
Psychological Profile:	4
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	20 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	No
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	Yes, Member
Size of Corporate Staff:	30
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	No
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Training Center	1-2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 16 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Arrow Prescription Center.