Look for a licensed pharmacist to run your franchise. Complete the FDA requirements and send these to TGP. Apply for the necessary City Hall permits.
Full Answer
Which medical franchise is best?
Here are the 9 Best Medical Franchises in India for 2021Dr. Batra's. Founded in: 2012. Franchising since: 2012. ... MEDZONE. Founded in: 2000. Franchising since: 2015. Franchise units: 20 - 50. ... Indian Institute Of Medical Representative Pvt Ltd. Founded in: 2000. Franchising since: 2007. Franchise units: 25.
What is franchise pharmacy?
Pharma Franchise/PCD is authorization of marketing and distribution rights at monopoly basis given by pharmaceutical company to pharma professional or distributor or group of professionals or distributors to use their brand name, company name and other commercial activity on behalf of company.Read more.
How do I start a pharmacy franchise?
To set up a pharmacy, you need to obtain a drug license from Central Drugs Standard Control Organisation (CDSCO) or your state government. If you are starting a general chemist store, you should get a retail drug license. If you want to set up a wholesale pharmacy business, get a wholesale drug license.
How much does a pharmacy franchise cost?
For starting a store franchisee needs a minimum 200 sq ft area with total investment amount of 6-7 lacs.
What is a medical franchise?
Medical franchise business owners provide services to patients that are related to their health and well-being. These businesses can range from providing in-home care services to operating a walk-in clinic.
Are pharmacies franchised?
Pharmacy franchise business is flourishing as well. The companies provide a wide range of services including drug management programs, prescriptions, medical selection tools, online ordering, drug pricing services and others.
Is pharmaceutical franchise profitable?
Pharma franchise business is one of the profitable business and they help the small pharma business to grow. With the help of a franchise model you can establish a distribution channel without any hassles. Albia Biocare is one of the reputed PCD franchise specialist in India.
Can CVS be franchised?
no. It's really too bad you can't own and operate a CVS store as a franchisee.
DVAGO Pharmacy
Buy authentic medicine (dawaai), pharmacy and wellness products online or find a DVAGO store near you. Give us a call to order medicine at 021-11-11-38246
Pharmasave
Pharmasave is one of Canada’s leading independent pharmacy and drugstore retailers. Visit us in-store or online for all your pharmacy and drugstore needs.
Good Neighbor Pharmacy
A family of locally owned, locally loved independent pharmacies committed to providing personalized care to their patients.
u-franchise
U-Franchise helps you find the best franchise opportunities. We select only the top Philippine franchise opportunities to give you the best business ideas.
Sanjivani
Sanjivani Pharmacy - Largest Pharmacy Chain in India provides complete product under 1 roof. We are among top 10 Pharmacy Retail Chains.
Good Neighbor Pharmacy
Good Neighbor Pharmacy works with your pharmacy to simplify your business operations, amplify your brand and protect your independence, while giving you more time to provide your patients the personalized care they deserve.
Sav-Mor Drug Stores
"The Chain Of Independents" services over 30 community pharmacies across the country. Find your local pharmacy.
What are the benefits of a Sanjivani pharmacy franchise?
The franchise of Sanjivani pharmacy will receive many benefits. The store would get visual aids, reminder cards, and gift items. All this would be given by the brand company. This way the pharmaceuticals store would get the promotion. This pharmacy franchise gives monopoly rights.
What is Medlife pharmacy?
Medlife is one of the largest online pharmacies and service provider in India. The company started in the year 2014. It started the franchising/ distribution in 2017.
What is Ria Lifesciences?
Ria Lifesciences Pvt Ltd is the manufacturer, distributor, and supplier of pharmaceutical products. In addition to this, they are also engaged in the exporting and trading of pharmaceutical products. The company came into existence in the year 2013. It was in the same year their franchise started.
How many Sastasundar stores are there in India?
SastaSundar is a digital pharmacy and healthcare store. The company started in the year 2013 and ever since it started franchising. There are 100-200 franchise outlets all around India. The franchise of SastaSundar is not just for pharmacy. In addition to the pharmacy, there is beauty and healthcare.
What is an affordable medicine store?
Affordable Medicine Store is a chain of generic medicines store. The company deals in essential medicines, health & beauty care products. Here, over the counter products are sold with a minimum of 50% to 80% discount. Top OTC products are sold at a 10% discount.
What is NextWhatBusiness editorial staff?
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.
Is Easy Medico a franchise?
The company was established in the year 2012. The franchising started in 2016. Easy Medico is a pharmacy cum wellness retail in India. The franchise will cater to all kinds of pharmacy and wellness needs. Additionally, Easy Medico complements its offline format.
Terms of Payments
- The company could deny giving you create as per the condition depending upon the company you have selected therefore make sure that you clear all your credit before, settle all your payment issues. In the start, you could start with the advance payment but about credit do take everything in written form.
Do Go Through Terms and Conditions For Pharma Franchise
- Reading terms and conditions are very important any business for both ends, so going through it properly will not let you cause any problem in future. Whatever the pharma company promised you verbally should be written in terms and condition only then it will consider as real such as payment-related things, rules and etc. Monopoly Rights Agreement for PCD Franchise Risks of in…
Procedures For Having A PCD Pharma Or Pharma Franchise
- It is not possible to provide you the accurate procedure of having a PCD Pharma and Pharma Franchise because it depends from company to company some provide franchise state wise while some go for zonal wise distribution of franchise. The most common in India is district-wise distribution of pharma franchise or PCD pharma. Following are the steps in...
Reasons For The Popularity of Pharma Franchise
- This pharma franchise came to India in the 1990’s and soon it gain popularity with the increase in the demand of pharma products and change the market and way of business in Pharma Industry. Pharma Franchise is a very popular business this is because of the following things: 1. It is having low market cost 2. Low administrative cost 3. You could be your own boss 4. This is very profita…