In this article, investors will learn about Best Pharma Franchise in India to help them choose wisely.
Pharmacies are crucial to help human beings survive since, without medicines, a man can collapse any day. Medicine shops, big or small, are present in every corner of the streets doing great business.
Moreover, many top pharmacy brands have made a mark among buyers, and thus, investors are interested in taking their franchises.
However, one should invest in the Top 10 Pharma Franchise to earn high returns. To help you, we have listed the best ones here.
Best Pharm Franchise in India – List of Top 10 Pharmacy Franchise Business Opportunity
Here is a list of Best Pharmacy Franchise in India
|Rank||Best Pharmacy Franchise|
|2||Dr. Batra’s Homeopathy|
Today, almost every senior citizen is dependent on medicines for blood pressure, thyroid, diabetes, and other severe health issues.
They cannot miss out on a dose of their medication since it can be harmful to their health. This is making a common man a regular customer of a pharmacy.
Therefore, having the Best Pharmacy Franchise in India is always a profitable business proposal. Pharmacy franchisees earn good returns as medicines have a high margin.
This section of the article will mention the names of the Top 10 Pharmacy Franchise in this country.
The names are Apollo Pharmacy, Pharmeasy, Medlife, Florence Pharmacy, MedPlus Pharmacy, Medkart Pharmacy, GenMart, 3Meds, Alleviate Therapeutics, and LupinPharma.
Readers will find below numerous crucial details about these franchises, including their infrastructural requirements, amount of money to be invested, franchise fee, etc.
Therefore, investors looking forward to getting a pharmacy franchise should read this carefully.
Apollo Pharmacy – Best Pharma Franchise in India
Apollo Pharmacy is the Best Pharmacy Franchise in India, having over 200 outlets in different cities. Pratap C. Reddy founded this pharmacy brand in 1983.
This company offers a franchise of 5 years, and the infrastructural investment ranges between ₹ 7.5 Lacs and 15 Lacs.
An Apollo Pharmacy outlet should be 160 to 200 sq. ft. big and have 2 to 3 well-trained employees.
It should have at least one billing counter and a product display area. AC, CCTV, and computers with an internet connection are mandatory.
A franchisee has to share 10% of the revenue earned with the franchisor.
Pharmeasy- Top Pharma Franchise in India
Pharmeasy is a venture of Dharmil Sheth who set up the first outlet in 2015. It is counted among the Top Pharmacy Franchise in India with over 20 franchise outlets.
An investor can get this franchise for five years, and he needs to spend around ₹ 2 Lacs to 5 Lacs to set up the outlet’s infrastructure. Besides, he will have to pay a commission of 8% to the franchise owner.
The outlet’s size should be between 100 and 300 sq. ft. It should be air-conditioned, monitored by CCTV cameras, and have internet connectivity.
A billing counter and a well-organized product display area should be present within the pharmacy.
Medlife – Top 10 Pharma Franchise in India
Medlife is a Bengaluru-based pharmacy chain founded by Prashant Singh and Tushar Kumar in 2014. It holds the third rank among the Top 10 Pharmacy Franchise in India.
The pharmacy has more than ten outlets in different parts of the nation. Its one-time franchise fee for five years is around ₹ 1 Lac and the infrastructural investment involved is ₹ 1.5 Lacs to 2 Lacs.
This franchisor claims only 2% of the total revenue earned by a franchisee. Investors should own or rent an area of 120 to 200 sq. ft. to open this pharmacy.
They need to hire 2 to 3 employees and build a billing area and a product display area within the outlet. A Medlife outlet should have AC, CCTV, and computers connected to the internet.
Florence Pharmacy – Best Pharmacy Franchise to Invest
Founded by GirishVaish and Manoj K. Jain, Florence Pharmacy has been one of the Best Pharmacy Franchise to Invest in since 2006.
It has more than seven outlets across the nation, and investors can get the franchise for five years. The pharmacy’s infrastructural investment will be between ₹ 6 Lacs and 8 Lacs.
An outlet of this pharmacy should be of size 350 to 400 sq. ft. Inside the pharmacy, AC, CCTV, computers, internet facilities, a billing desk, and a product display section should be present.
The franchisee needs to hire 2 to 5 experienced staff members to run the business. Additionally, he should pay a 5% commission to the franchisor.
MedPlus Pharmacy – Top Pharmacy Franchise to Invest
A Hyderabad-based entrepreneur founded MedPlus Pharmacy in 2006, and today, it is counted among the Top Pharmacy Franchise to Invest in.
The pharmacy runs over 50 franchise outlets in India, and investors can get a franchise for five years in exchange for a one-time fee.
They will have to invest ₹ 10 Lacs to 20 Lacs to set up the store and its business.
The pharmacy can be built within 300 sq. ft. unit area and it should mandatorily have a product display area and a billing section. AC and CCTV should be installed within the outlet.
It should have computers with an internet connection. 2 to 3 employees are required to run the store. The franchisee should pay a commission of 10% to the pharmacy brand owner.
Medkart Pharmacy – Top 10 Pharmacy Franchise to Invest
The sixth name among the Top 10 Pharmacy Franchise to Invest in is Medkart Pharmacy.
It was started by Ankur Agarwal seven years ago and today, reached to over 50 outlets nationwide. The franchisor offers a lifetime franchise for a one-time fee of ₹ 1 Lac.
He also levies a commission of 5% on the franchisees. The latter should invest ₹ 10 Lacs to 20 Lacs to set up the pharmacy’s infrastructure.
The store size can be between 200 and 350 sq. ft. It should have a product display area and at least one billing counter.
AC, CCTV, and computers with internet connectivity should be present within the franchise outlets. Franchisees need 2 to 5 efficient staff members to handle the business smoothly.
GenMart – Best Pharmacy Franchise to buy
Counted among the Best Pharmacy Franchise in buy, GenMart is a project of Mumbai-based business owner Rajeev Thakkar. It has managed to open over ten franchise outlets within a short time of 4 years.
The one-time franchise fee for four years is ₹ 5 Lacs, and the infrastructural investment involved is ₹ 20 Lacs to 30 Lacs. A GenMart outlet should be 200 to 250 sq. ft. in size and have 1 or 2 employees.
It should be air-conditioned and have CCTV and internet facilities. Other requirements include a billing counter and a product display area.
The franchisor takes 8% of the revenue earned by the franchisees.
3Meds – Top Pharmacy Franchise to buy
3Meds is the latest entry in the list of the Top Pharmacy Franchise to buy. Nitin Singla founded the pharmacy brand in 2020, and it has over five franchise outlets nationwide.
The one-time franchise fee is ₹ 1 Lac and investors can get the franchise for five years. They will have to spend ₹ 7.5 Lacs to 20 Lacs in the outlet’s infrastructure.
This pharmacy should have a billing counter and a product display area. All these will fit within 100 to 120 sq. ft.
One to two employees are needed to run the pharmacy. It should have AC units, CCTV set-up, and a computer with an internet connection.
The franchisee will have to share 5% of his revenue with the franchisor.
Alleviate Therapeutics – Top 10 Pharmacy Franchise to buy
Alleviate Therapeutics is a Kolkata-based pharmacy chain founded by Suman Ranjan Dasgupta in 2012.
It has made a place in the list of the Top 10 Pharmacy Franchise to buy with its 40 franchise outlets across the nation.
Investors can get this pharmacy franchise for a lifetime, and they need to invest ₹ 2 Lacs to 5 Lacs to set up the outlet.
The pharmacy should have a separate product display area and a billing counter. It should be air-conditioned, monitored by CCTV, and have internet connectivity.
The store size should be 250 to 400 sq. ft. having 2 to 3 staff members. A franchisee needs to share 10% of his revenue with the franchisor.
LupinPharma – Best Pharma Franchise
LupinPharma is one of the oldest pharmacy brands in India. It is the Best Pharmacy Franchise founded by Desh Bandhu Gupta in 1968.
The pharmacy has over 50 outlets across the nation, and investors need to pay a one-time fee to get the franchise for seven years. It attracts an infrastructural investment of ₹ 20 Lacs to 50 Lacs.
Franchisees can set up the pharmacy within 500 sq. ft. They should build a product display section and a billing desk within the outlet.
Besides, AC, CCTV, computers, and internet facilities are mandatory. 2 to 3 employees are needed to operate the business of the pharmacy.
The franchisor allows each franchisee to retain 90% of its total revenue.
Best Pharma Franchise – Conclusion
This article has highlighted the names and vital details about the Top 10 Pharma Franchise to buy at present.
Readers should go through these details carefully, and hopefully, they will find it useful to choose the Best Pharma Franchise in India.
|Franchise Opportunity in India|