According to the CAG research, the Country’s healthcare industry is predicted to develop rapidly, reaching a historical worth of $132.84 billion by the end of 2025. Medical needs are always in high demand. The Indian medical industry includes a broad potential because of the increased focus on health and ailments, healthcare affordability, and medical technological infrastructure.
India is the largest exporter of medication on the international market. With over 3500 locations, Apollo Pharmacy has been one of the leading medical store companies. It provides high-quality goods as well as authentic pharmaceuticals. Establishing a franchise in the healthcare industry is an excellent decision because it is a recession-proof industry. Here’s everything you need to understand about pharmacy operations in India, as well as the Apollo pharmacy franchise fee.
Apollo Pharmacy Franchise Information:
Pratap Reddy established India’s first state-of-the-art health institution, Apollo Hospitals, in 1983. Mr. Reddy seems to be the head of Asia’s largest hospital network, the Apollo Group of Hospitals.
Apollo pharmacy is an extensive network that caters to all of India’s healthcare requirements.
Every Apollo shop stocks essential pharmaceuticals, over-the-counter (OTC) items, and fast-moving consumer goods (FMCG). It also has over 5000 interests in skincare, baby care, healthcare, vitamins, and meals. To learn more about the Apollo pharmacy franchise cost in India, send an email to Apollo.
Why then should you invest in an Apollo Pharmacy Franchise?
It’s simple to open an Apollo drugstore franchise. So here are a few things to keep in mind concerning the Apollo Pharmacy Franchise:
1. Associate with a well-known brand.
Apollo is a well-known manufacturer in India that pioneered pharmacy and healthcare. Apollo emphasizes the qualities of openness and trust. Being associated with a famous brand such as Apollo provides you with the extra benefit of being the chosen brand of your clients.
2. Revenues and profits that are high
Pharmaceuticals have excellent profit margins. Apollo Company owners receive amazing wholesaler discounts due to Apollo’s reputation, making the franchise profitable and sustainable.
3. Employee education
The advantages of partnering alongside Apollo are not just financial, but they also assist in making operations run more smoothly and efficiently. Employees may learn a lot by using an inventory control system, managing medicines, and keeping logbooks.
4. Maintaining a current knowledge base
Being an Apollo Pharmacy Company owner allows you to access innovative medications and technology to meet current and future demand.
- Option selection
Apollo pharmacy addresses the needs of people of all genders, ages, and demographics. With Apollo’s 24-hour pharmacy franchise option, you may expand your business even further.
What then is the procedure for starting an Apollo Pharmacy franchise?
Apollo is well-known for its high-quality products and strong brand recognition. It maintains consistent quality across all of its channels, giving you the advantage of brand recall and familiarity anytime a potential consumer walks through the door. As a result, Apollo franchise rules are based on the pre characteristics that will help you create your own Apollo Pharmacy Franchise location.
- You’ll need to have a particular store to start your Apollo pharmacy franchise. A refrigerator, billing desk, medicine storage, computer, billing printer, and shelving will all need to be accommodated in the shop.
- You must be a certified pharmacist with prior expertise in dealing with medications to manage your business.
- To manage day-to-day operations, you’ll necessitate a trained workforce. The personnel should be aware of the Drugs and Cosmetics Act (1948) and dispose of outdated medicines properly. The professional pharmacist should provide training and answer any questions that staff may have.
To start an Apollo pharmacy franchise, you must comply with the following requirements:
A single unit franchise store costs between Rs. 5 and Rs. 10 lakhs to open.
The franchise agreement shop requires an investment of Rs. 10 to 15 lakhs.
An initial investment in pharmaceutical stocks might range from Rs. 50000 to Rs. 1 lakh.
The cost of the documentation and the franchise license is Rs.25000. you’ll need
A minimum of 2-3 employees is necessary and 10 to 15 square meters for the store.
What qualifications do you require to open an Apollo Pharmacy franchise?
To be a successful franchise shop, you must be able to:
• Dedicate yourself to the healthcare industry
• Manage employees, inventory, and money
• Understanding prescription medications and medications
• Have the financial resources to run the franchise
To manage your pharmacy as a pharmacist, you’ll need a drug license. Running a pharmacy without permission is a criminal offense. A pharmacist should have a bachelor’s degree and at least one year of drug-handling experience. The pharmacist must be able to stay current on new medications and medical technologies.
What other kind of help does Apollo provide?
Apollo will undoubtedly assist you with: • Staff knowledge and professional development • Government procurement medicines and other medical supplies quality Management audits • New technology for efficient business practices • Location selection • Architectural style and interior design • Project management • Marketing as well as branding efforts to increase foot traffic • Operation audits.
What should you understand about the cost of an Apollo Pharmacy franchise in India?
A franchise agreement shop requires a financial commitment in addition to commercial premises to start. The quantity may change. If you don’t have your retail location for a business, you may need to rent one. The cost of renting a company may vary based upon that city and region. Apollo can assist in establishing your store according to the brand specifications.
I am maintaining a current knowledge base.
Becoming an Apollo Pharmacy Company owner allows you to access innovative medications and technology to meet present and future demands.
Apollo pharmacy caters to the needs of people of all genders, ages, and demographics. With Apollo’s 24-hour pharmacy franchise option, you may expand your business even further.
India has a 20% share of the market in the pharmaceutical business. According to a company representative, Apollo pharmacy plans to grow at a rate of 30 to 35 percent every year. The return on the investment is significantly higher than the cost of an Apollo pharmacy franchise in India. Thanks to the increased need for pharmaceutical products, the Apollo pharmacy franchise may help anyone earn more money than a solo firm and promote your entrepreneurial capabilities. You may benefit from being an independent company while still part of the Apollo chain by becoming an Apollo Pharmacy Franchise shop.
Article Proofread and Edited by Shreedatri Banerjee