Requirements for Apollo Pharmacy Franchise
- Requirements for the license The owner will have to present a government generated ID proof and address proof along with PAN card. Then the application form and the declaration form will be required. ...
- Space If the owner wishes to open a small pharmacy, an area of 12 to 15 sq feet will be required. ...
- Required Skills set ...
- Training ...
Full Answer
How to get a pharmacy franchise?
Franchise of any firm can be taken through proper talks meetings with people and if a pharmacy own person with proper license assured person can have ease of getting dealorship but always there is a clause whichever franchise you take be prepared and make sure you give proper results and growth in it
Which are the top 10 best pharmacy franchises in India?
Here are the top 10 best pharmacy franchises in India 1 Genmart Generic Pvt. Ltd. 2 Care Pharmacy 3 Living Healthy 24 4 Sanjivani 5 EMEDIX 6 SastaSundar 7 Apollo Pharmacy 8 DavaIndia 9 Medlife 10 MedPlus Pharmacy
Why choose Apollo clinics?
Being part of a large network of Apollo Clinics spread across the Asian sub-continent, you will be able to offer world-class services without spending a fortune.
What is the process of starting a franchise?
The very first step in the business process all franchising companies and franchisee take generally is, filling out the application forms and agreement. The most vital requirement is the financial investment along with the other qualifications. When it is fulfilled you can proceed to the final step which the training.
What is profit in Apollo Pharmacy?
Apollo provides a profit margin of 20% to 30% to the pharmacy retailers.
Is Apollo a franchise?
Since the chain of Apollo Clinic is being set up on a franchise basis, the franchisee will be responsible for the entire investment. Where requested, AHLL will assist the franchisee in arranging term loan from a bank.
Can you franchise a pharmacy?
Whether you're an established owner of an independent pharmacy or a pharmacist working at a major chain, the right franchise opportunity can be your next, best move. Above all, look for a franchisor with the resources, experience and commitment to work with you one-on-oneevery day to help you succeed.
Who is the owner of Apollo Pharmacy?
Dr Prathap ReddyDr Prathap Reddy, Chairman, Apollo Hospital Enterprises Ltd (AHEL), is one such giant among men who brought quality healthcare to India when there were hardly any private health establishments of excellence in the country.
Is pharmacy franchise profitable?
The profit margin for opening a medical store franchise is now 16-22% for branded medicines and 20-50% for generic medications. Along with margins, they benefit from company-provided schemes and offers. As a result of the higher profit and lower cost, investing in a medical franchise is a great idea.
Which pharmacy franchise is best in India?
The brand is also coming up with its health portal and mobile app for the benefit of the people.Sanjivani. Founded in: 2006. Franchising since: 2015. ... EMEDIX. Founded in: 2016. ... SastaSundar. Founded in: 2013. ... Apollo Pharmacy. Founded in: 1983. ... DavaIndia. Founded in: 1995. ... Medlife. Founded in: 2014. ... MedPlus Pharmacy. Founded in: 2006.
How much does a pharmacy franchise cost?
Total investment required to set up a MedPlus Franchise is between Rs 17.50 to 20 lakhs depending on the location and the size and condition of the premises.
How does pharmacy franchise work?
A pharma franchise is a business model where a pharmaceutical manufacturing company offers exclusive marketing and selling rights to a business owner. This business model offers convenience and liberty to the franchisee in terms of business, product procurement, order quantity, investment, and marketing!
How much does it cost to open a pharmacy store?
It typically costs $400,000 – $600,000 to open your own pharmacy.
Who is the largest pharmacy chain?
CVS HealthPharmacy chainsRankPharmacy chainStores1CVS Health9,9002Walgreen Company9,3233Walmart4,8654Rite Aid Corp2,28821 more rows
Which is the No 1 hospital in India?
All India Institute of Medical SciencesBest Hospitals – IndiaRankHospitalHospital Beds1All India Institute of Medical Sciences2,4782Medanta The Medicity1,2503The Christian Medical College2,2974PGIMER - Postgraduate Institute of Medical Education and Research1,47936 more rows
Is Apollo Pharmacy genuine?
Accredited with - International Quality Certification, Apollo Pharmacy offers genuine medicines round-the-clock, through our 24-hour Pharmacies. Apollo Pharmacy also provides customer care any time of the day!
Is Apollo diagnostics franchise profitable?
One can expect the Return on Investment period to be 1-1.5 years in the case of the Apollo Diagnostic Centre franchise.
Which diagnostic franchise is best?
Best Medical Franchise in India – List of Top 10 Medical...Apollo Diagnostics – Top Diagnostic Center Franchise to Invest. ... Dr. ... Lifecare Diagnostics – Best Clinic Franchise to buy. ... Lifespan Clinic – Top Clinic Franchise to buy. ... Biocell – Top 10 Clinic Franchise to buy. ... Max Lab – Best Medical Care Franchise.More items...•
How does pharmacy franchise work?
A pharma franchise is a business model where a pharmaceutical manufacturing company offers exclusive marketing and selling rights to a business owner. This business model offers convenience and liberty to the franchisee in terms of business, product procurement, order quantity, investment, and marketing!
How do I get a Medlife franchise?
How to apply for a Medlife franchiseYou can either leave your request to apply for the Medlife franchise in the Medlife official website.Or you can contact Medlife through its contact number or official email address and ask for the franchise application details.
Can a pharmacist work in India?
however in india they only take the licence on rent.Means the pharmacist doesn't have to work in their shop but will be paid only for their licence every month. the payment ranges from 3 k to 6 k. But it is illegal only to rent the licence in lieu of meagre renumeration. And eventually the pharmacists are sabotaging their own profession by doing so.
Is Apollo a reputed pharmacy?
Read the Apllo Franchise terms and see if you are comfortable with them. Since Apollo is a reputed brand, you may not have to worry about product quality
Is MedPlus a franchise?
MedPlus is an incredibly popular franchise chain and has been expanding and growing in various cities across the nation.
Is Apollo Pharmacy a franchise?
Apollo Pharmacy does not work on the Franchise model. It owns all the stores and outlets by means of a retail license. It is NOT a Franchise.
Why Apollo Clinic Franchise?
The size of the healthcare industry in India is just 5% of the GDP, as compared to the United States, where this figure stands as high as 13.7%. In fact, healthcare is the largest industry in the USA.
Benefits of Starting an Apollo Clinic Franchise Business
The company claims to assist franchisees in all areas of the project. Some of these are:
Who Can Apply Apollo Franchise Business
Apollo Health and Lifestyle Limited select its prospective franchisees with utmost care. Some of the minimum requirements that an Apollo Franchisee must have are:
Cost & Earnings from Apollo Clinic Franchise Business
Apollo Clinic has an area requirement of 4000 sq ft carpet space and a Project Cost of around Rs 2.75 Cr.
Earnings
Business owner of an Apollo Clinic is expected to have a turnover within the range of Rs 1.0 to 1.5 Crore (depending on location) in the first year through diagnostics, consultations, health check packages and other revenue streams such as telemedicine. Additionally, one can expect the double turnover by the 4th year.
How to Apply for the Apollo Clinic Franchise
To apply for the Apollo Clinic franchise, please visit the link http://www.apolloclinic.com/FAQS.aspx#q4. You may also download the Apollo Clinic franchise form, fill it duly, and send it to the contact given below. You can also contact at the following address directly.
Why franchising Apollo Pharmacy?
Franchising is witnessing a consistent demand from the metros and other cities. If you are really interested to own this franchise, you have to gain insight into the franchise setup of the pharmacy.
Franchise Benefits
The Apollo Pharmacy franchise has more to share about franchising considering some basic matters first before proceeding to the requirements. As a franchisee of Apollo Pharmacy, you definitely become the gainer. Check out how you can be?
How do I get Apollo pharmacy franchise?
The very first step in the business process all franchising companies and franchisee take generally is, filling out the application forms and agreement. The most vital requirement is the financial investment along with the other qualifications. When it is fulfilled you can proceed to the final step which the training.
Strategies you should implement as an Apollo pharmacy franchise
To any of the franchise, the Apollo Pharmacy is generous enough to share its core strategies on how to manage your pharmacy carefully. Usually, you will learn more about its strategies during your actual training. You have to implement those to really boom your setup but yes it’s also not that you really have to take every detail they share to you.
How to order medicine online?
Because ordering medicines online need not be complicated but rather a cakewalk. And at Apollo Pharmacy we ensure that. All you need to do is: 1 Browse through our wide variety of products 2 Add products to your cart and complete the payment. Voila! 3 Your order will be on its way to you.
How long do you have to wait to get medicine?
First, you need to go there physically which means you have to drive/walk/ride for at least 10-15 minutes. Second, you need to wait for your turn which may come after 10-15 minutes.
How many outlets does Apollo Pharmacy have?
It is India's first and largest branded pharmacy network, with over 3500 outlets in about 400 cities in key locations. In the 1980s Apollo Pharmacy was one of the first corporate health centers in India. AP is a 24-hours pharmacy and owning a franchisee of this pharmacy gives competition to others.
What is a franchisee in pharmacy?
A franchisee receives a well-known brand name, access to the existing network of reliable suppliers, an opportunity to get goods at a better price, and access to proven business processes. An entrepreneur can open either a medical store or start an online pharmacy franchise.
How many pharmacies does Medplus have?
It has successfully built the largest retail pharmacy chain in India in the shortest time and operates a network of stores across 12 states and over 150 cities with over 1350 successful pharmacies. Medplus is well known for providing quality and genuine medicines, superior customer service, and great value for money.
What is Genmart pharmacy?
Ltd., GenMart is a one-stop-shop pharmacy for prescribed drugs as well as other healthcare and wellness requirements. Genmart envisions passing the benefits of low marketing costs associated with generic pharmaceutical products to the last leg of the consumer shop.
What is Davaindia pharmacy?
Davaindia Generic Pharmacy, part of Zota Healthcare LTD, is India’s leading medicine platform which specializes in generic medicines letting people get the same ingredient medicine at a very cheap rate.