- TerryWhite Chemmart pharmacies are independently owned by pharmacists, who the network calls partners, under a brand owned by EBOS Group.
- The network passed its 600th store in 2024, according to EBOS.
- Dispensary profit is shaped by government settings, so test script trends and margins, not just turnover.
Terry and Rhonda White opened their first pharmacy at Woody Point in Queensland in 1959, and the brand began franchising in 1994. In 2016 it merged with Chemmart to form TerryWhite Chemmart, which is owned by EBOS Group, a company listed on the NZX and ASX. EBOS reported the network’s 600th store in 2024.
Each pharmacy is owned by a pharmacist operating under the TerryWhite Chemmart brand and systems. This guide covers how that works and what to check before you buy in.
TerryWhite Chemmart franchise at a glance
| Founded | 1959, Woody Point, Queensland |
|---|---|
| Franchising since | 1994 |
| Owner of the brand | EBOS Group (NZX and ASX listed) |
| Network | 600+ stores (EBOS announcement, 2024) |
| Who can own | Registered pharmacists, under state and territory ownership laws |
| Fees | Set out in the network agreement and disclosure document |
Figures come from the public sources listed at the end of this guide and can change. Treat them as a starting point and confirm current numbers in the franchise disclosure document.
How the TerryWhite Chemmart model works financially
As with other pharmacy networks, a TerryWhite Chemmart store earns from its dispensary and its front-of-store range. Dispensary income depends heavily on Pharmaceutical Benefits Scheme settings and the Community Pharmacy Agreement, while front of store depends on range, promotions and supplier terms. EBOS is also a major pharmaceutical wholesaler, so buying arrangements and rebates are part of the picture.
Professional services such as vaccinations and medication reviews can add income, but they also need pharmacist time. Wages, rent and network fees are the main costs to weigh against gross profit.
The numbers to test before you buy a TerryWhite Chemmart franchise
- Dispensary gross profit and script volume trends.
- Professional services income and the pharmacist hours it uses.
- Supplier and wholesaler terms, rebates and how they are recognised.
- Network fees, marketing contributions and any required systems costs.
- Wages for pharmacists and assistants, including cover for your own leave.
- Stock valuation, expiry and returns.
- Lease terms and location rules affecting relocation.
Buying an existing TerryWhite Chemmart pharmacy
Buying an established TerryWhite Chemmart pharmacy usually means buying the business, its stock and the lease, subject to regulator and network approvals. Ask for detailed dispensary reports, a stocktake method agreed in advance and the history of professional services income. Check how wholesaler rebates have been booked so the profit you are paying for is the profit you will actually earn.
How Franchise Co. can help with a TerryWhite Chemmart purchase
We work with buyers and owners of franchise businesses across Australia. For a TerryWhite Chemmart pharmacy we can:
- Review the numbers before you sign. Our business due diligence starts from $2,000 + GST and tests dispensary profit, wholesaler rebates, wages and stock.
- Set up the structure and the books. Entity choice, GST, payroll and a chart of accounts that separates dispensary, front of store and professional services. See accounting and tax and bookkeeping, BAS and payroll.
- Check your franchise fees. We reconcile network and marketing fees to the sales they’re calculated on. See royalties and franchise fees.
- Plan the next pharmacy. If a second site is on the cards, we model the cash flow and funding first. See multi-site reporting.
TerryWhite Chemmart franchise FAQs
Is TerryWhite Chemmart a franchise?
TerryWhite Chemmart pharmacies are independently owned by pharmacists operating under the brand, which is owned by EBOS Group. The network refers to its owners as partners.
Who can own a TerryWhite Chemmart pharmacy?
Pharmacy ownership laws in Australia generally restrict community pharmacy ownership to registered pharmacists. The rules vary by state and territory.
How many TerryWhite Chemmart stores are there?
EBOS Group announced the network’s 600th store in July 2024.
What should I check before buying a pharmacy?
Check script trends, dispensary margin, rebates, wages and the lease. We test these in our business due diligence, which starts from $2,000 + GST.
Franchise Co. is an independent accounting practice. We aren’t affiliated with, endorsed by or connected to TerryWhite Chemmart or EBOS Group. TerryWhite Chemmart is a trademark of its owner and is used here only to identify the brand this guide discusses.
Sources and further reading
Sources checked November 2026. Franchise costs and fees change. Confirm current figures with the franchisor before acting.
This guide is general information for people considering a franchise in Australia. It doesn’t take your circumstances into account and isn’t personal tax, legal or financial advice.
Talk it through
Every franchise is different. Ask us how this applies to yours.
