Steps to Get Started
- Identify a premises
- Get required licenses
- Partner with a pharmaceutical company
- Sign a franchise agreement outlining partnership terms
- Procure products to distribute
- Market products locally to generate sales
Initial Investment and Costs
- Overall investment: 5-7 lakhs for infrastructure, documentation, and initial stock
- Cost varies by location
Options for Starting a Pharmacy
- Buying an existing pharmacy
- Starting an independent pharmacy
- Franchising with a company
Note: Research the pros and cons of each option before proceeding. With proper planning and execution, pharmacy franchises can be highly successful.