What is the cost of Apollo pharmacy franchise?
Apollo Pharmacy Franchise Cost The company charges a franchise fee of 10 – 15 Lakhs depending on the location of the store and the Initial stock of medicines and products can cost up to 5 lakhs.
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.
Which is best franchise for medical store?
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.
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.
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!
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.
How do I start a medicine franchise?
HOW TO START THE BUSINESS?It needs in-depth research and analysis to choose a pharma company. ... Check the availability of the products. ... Get details of the history of the company, market share, vision, mission, and goals. ... What are the terms of payments? ... Discuss the business targets. ... Sign off the business agreement.
How do I start a pharmacy business?
How to Open a PharmacyConsult Advisors and Mentors.Research and Planning.Legal and Operational Requirements.Obtain a Business Bank Account & Startup Capital.Select and Design Store.Hire and Train Employees.Purchase Inventory and Supplies.Marketing.More items...
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
What is the average size of Apollo Pharmacy store?
Chennai: Apollo Pharmacy, the medical store chain of Apollo Hospitals Enterprises Ltd, plans to launch a pharmacy format that's more than double the size of the existing 350 sq. ft model and increasingly stock outlets with competitively priced private-label consumer goods ranging from soaps to diapers.
Is owning a pharmacy profitable?
4) The average pharmacist who owned a single pharmacy earned about $158,000 in 2020. We estimate that on a per-pharmacy basis, the owner's discretionary profit (ODP) shrank from about $200K in 2015 to $129K in 2018. Since then, compensation has rebounded, to an estimated $141,000 in 2019 and $158,000 in 2020.
Can I own a pharmacy without being a pharmacist?
In 2003, the Pharmacy Act, 53 of 1974, and in particular Section 22, was amended to allow non-pharmacist to own pharmacies in South Africa.
Can you buy a Walgreens franchise?
Walgreens are company-owned, not a franchised chain, Individuals or companies can't buy a location.
How do I start my own pharmacy business?
How to Start a Pharmacy Business in India?Fulfil eligibility conditions. To open a retail drugstore, you must own a minimum area of 10 sq meters. ... Type of pharmacy. You must choose a type of pharmacy business. ... Register your store. ... Get a drug license. ... Get GST registration. ... Explore funding opportunities.
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.
What are the benefits of being a franchisee of Apollo Pharmacy?
Aside from that, you can have better access to newest technologies and access to approved new drugs, partnerships with the biomedical distributors and major medical and more exposure of your business through various advertising.
What is Apollo Pharmacy?
Apollo Pharmacy is a division of Apollo Hospitals Enterprises Ltd. , and India’s first and largest branded pharmacy network with more than 740 key locations outlets. It is accredited with International Quality Qualification and it offers genuine medicines with 24 hours of service. If you are really interested to own this franchise, you have to increase your knowledge about the details of the pharmacy. Go beyond which you think you need for your business plan. Do not just stick to single information, but learn to explore more for better processing.
Where is Sambalpur located?
Location : Sambalpur town or periphery. Sambalpur is the Dist headquarter of Odisha & heart of western orissa. It has good communication advantage to all over india. I am interested to take franchise of pharma & consumer items at Sambalpur. Please provide me details of terms and condition immediately.
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.
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 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.
