Are you considering investing in a Pharmeasy Franchise? Let’s dive into the details – from the initial investment required to the potential profits, and everything in between. Pharmeasy, which recently acquired Medlife, is a major player in the pharmaceutical industry. By the end of this blog, you’ll have a clear understanding of how to apply for a Pharmeasy Franchise and steps to get started.
In times of uncertainty, the pharmaceutical industry remains stable and promising. Here are some key details about Pharmeasy:
| Property | Details |
|---|---|
| Website | PharmEasy |
| Type | Privately Held |
| Industry | Health, Wellness & Fitness |
| Founded | 2015 |
| Headquarters | Mumbai, Maharashtra |
| Company Size | 1,001-5,000 employees |
| Specialties | Healthcare, Data, and Technology |
Joining the Pharmeasy Franchise opens up a world of opportunities, with over 800 successful franchise partners already reaping the benefits. With a small investment, your business can thrive under the reputable Pharmeasy brand.
Pharmeasy’s extensive reach spans over 1,000 cities in India, serving 22,000+ pin codes. They also offer diagnostic test services in various cities like Mumbai, Delhi, Chennai, Pune, and Ahmedabad.
Key Features of Pharmeasy Franchise Model:
- Agent-assisted e-commerce model.
- Focus on customer acquisition and network growth.
- Low investment with high revenue potential.
- Comprehensive technical support from Pharmeasy.
Requirements & Eligibility for Pharmeasy Franchise:
- No specific degree required.
- Potential sales market in your area.
- Having a physical shop boosts credibility.
- Minimum 10th or 12th-grade qualification.
- Laptop or desktop for operations.
Documents Required for Pharmeasy Franchise:
For a Company:
- Certificate of Incorporation.
- PAN card.
- GST No.
- Details of authorized signatory along with Board Resolution.
- Cancelled cheque.
- Shop and establishment license.
For a Partnership Firm:
- Copy of Partnership Deed.
- Details of authorized signatory.
- PAN card.
- Cancelled cheque.
- GST No.
For an Individual:
- PAN card.
- Cancelled cheque.
- Aadhar card.
- Photograph, Email ID, Phone Number.
Pharmeasy Franchise Cost and Profit Margin
The total investment for a PharmEasy franchise is approximately Rs.11 Lakhs – Rs.12 Lakhs, comprising:
- Franchise Fee: Rs.2.5 Lakhs – Rs.3 Lakhs
- Infrastructure Investment: Rs.2.5 Lakhs – Rs.3 Lakhs
- Inventory Value: Rs.5 Lakhs – Rs.6 Lakhs
Profit margins for a PharmEasy franchise typically range from 20% to 30%, influenced by factors like location, store size, and sales volume.
Pharmeasy Commission Structure
Franchisees receive a commission from PharmEasy on all medicine and product sales. The commission rate varies, usually around 10% of the sales price. For instance, a product sold for Rs.100 would earn a commission of Rs.10.
Detailed Breakdown of PharmEasy Franchise Cost and Profit Margin
| Expense | Amount (Rs.) |
|---|---|
| Franchise Fee | 2.5 Lakhs – 3 Lakhs |
| Infrastructure Investment | 2.5 Lakhs – 3 Lakhs |
| Inventory Value | 5 Lakhs – 6 Lakhs |
| Total Investment | 11 Lakhs – 12 Lakhs |
Assuming a PharmEasy store generates Rs.10 Lakhs in monthly sales, the profit margin could range from Rs.2 Lakhs – Rs.3 Lakhs, with an additional commission of Rs.1 Lakh on all product sales.
How to Get PharmEasy Franchise
Follow these steps to register for a Pharmeasy franchise:
Click on the provided link.
Fill in all the required details on the Google form and submit it.
Within two days, you’ll receive a call from your local area manager.
Discuss details with the area manager to learn more about the PharmEasy Franchise in India.
Alternatively, email saptarshi.sinha@pharmeasy.in for distributorship details and expect a response within 24 hours.
Contact Pharmeasy:
- Contact Number: 7666100300
- Email: care@pharmeasy.in
- Website: PharmEasy
PharmEasy franchise is a lucrative business opportunity, offering a strong brand, customer network, and support from the team. While competitive, with dedication and hard work, success is within reach.