The pharmaceutical industry is growing very rapidly in India for the past decade. Indian medicines are increasingly widespread all across the world due to cost efficiency, increased availability, and high demand. This sector is a major field of focus.
To start your own medical store is a good business choice as, In India, its business profit margin is quite high. Another positive thing about the medical business is that it does not get easily affected by the economic crisis. A recent example is a covid pandemic when many people were losing jobs and offices were closed. The medical store wasn’t shut instead they were in high need.
Before jumping directly into a business, it is important to have guidance, information, and analysis of the process.
Here, we have shared everything you need to start your own Generic Aadhaar medical stores so that you get a better idea to take a step.
The profit margin in opening up a medical shop is different depending on the company. A study in the Indian Journal of Pharmacology found that while the margins on brand are 20%, the retail margin for generic medicines is way higher -sometimes more than 1,000 percent of the manufacturer’s price.
This implies that retailers have a strong financial incentive to push generic Medicines.
Speaking of generic medicines, Generic Aadhaar is India’s fastest-growing pharma company. Let’s have a look at a step-by-step procedure, benefits, and required things to open your Generic Aadhaar store.
- Profit Margin – Generic Aadhaar pharma company gives an 80% discount to end customers and a fixed 40% profit margin to retailers. One of the top pharma ventures Generic Aadhaar is a clever way to start your business.
- Franchises Fees – For a retail medical store, it requires a minimum investment of about Rs. 5-6 lakhs and for opening a wholesale drug store it would be around Rs. 7-8 lakhs. For the Generic Aadhaar franchise, the fee is only Rs.1 lakh. Buying a franchise is a smart way as the franchise provider Generic Aadhaar takes care of most of the things for you such as distribution, marketing, promotion, etc.
- Registration – It is not mandatory to register for a sole proprietorship firm. Though a partnership firm may be registered with the Registrar of Firms.
- Drug License – A drug license from the State Drug Control Department is necessary to open a medical store. The procedure of license is almost the same all across India. It can be slightly different in some of the states.
- Location – Choosing a location is one of the important parts to start. The prime location would be a good choice to grow your business and to do well. Generic Aadhaar pharma company gives a monopoly of that area so that it won’t get affected by the same business at the same place.
- Area – For a Generic Aadhaar franchise store, you will require a minimum area of 120 square feet.
- Pharmacist – It’s not necessary for a person starting a medical store to be a pharmacist. If you are not a pharmacist yourself, it is necessary to hire a registered pharmacist approved by the pharmacy department or a graduate with 1-year experience in dealing in drugs or a person who has passed S.S.L.C with 4 years of experience in dealing in drugs, specially approved by the department of drug control for the purpose.
- Medicine supply – To get the medicines stock at a retail store, it travels through a long supply chain resulting in high purchasing costs and lower profit margin. With Generic Aadhaar you can order medicines according to your choice and the quantity you want with a higher profit margin. Generic Aadhaar has all products under one roof that they supply directly to retailers.
- Promotion – This fastest growing pharma company Generic Aadhaar give its brand name to your store, also provides store board, aprons, merchandise, danglers, tent cards, pamphlets, vinyl stickers, and promotion on social media platforms as well as other media platforms for promotional and awareness purpose.
Don’t wait, fulfill all the above conditions and book your franchise now.
Contact us on: +91 9653373636
Generic Aadhaar not only gives you a franchise but gives a grand and warm inauguration for your store opening.
Last but not least, it is an evergreen ongoing business and is booming to higher levels. If you follow our steps and instructions, your Generic Aadhaar medical store will grow for sure. All the best!