Let’s talk about getting a Pharmeasy Franchise today. We’ll cover how much you need to invest, how much money you can make, the documents you need, and how to reach out to the company for a franchise. First things first, Pharmeasy has recently acquired Medlife, so now they’re one and the same. After reading this, you’ll know how to apply for a Pharmeasy Franchise.
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We all know that running a pharmacy is a solid business, especially after the pandemic. Unlike other businesses that took a hit, pharmaceuticals kept going strong.
If you’re interested, here are some details about the 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 |
If you want to join the Pharmeasy Franchise, you’re in good company. There are over 800 franchise partners who’ve already benefited from this. Partnering with Pharmeasy can boost your business with a small investment.
Pharmeasy delivers medicines to more than 1,000 cities in India, covering 22,000+ pin codes. They also provide diagnostic test services in several cities, including Mumbai, Delhi, Chennai, Pune, Ahmedabad, and many more.
Pharmeasy Franchise Model:
- – It’s an agent-assisted e-commerce model.
- – Focus on getting new customers and growing your network.
- – You can start with a low investment and have a high potential for revenue.
- – Pharmeasy provides comprehensive technical support.
Pharmeasy Franchise requirements & eligibility:
- You don’t need any specific degree to take this franchise.
- Your area should have enough potential for sales.
- Having a shop is not mandatory, but it can attract more customers if you display the Pharmeasy sign.
- You should have at least a 10th or 12th-grade qualification.
- A laptop or desktop is required for the business.
documents requirements to become pharmeasy partner :
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 required to start a PharmEasy franchise is around Rs.11 Lakhs – Rs.12 Lakhs, which includes the following:
- 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
The profit margin for a PharmEasy franchise ranges from 20% to 30%, depending on the location, size of the store, and the volume of sales.
Pharmeasy Commission Structure
PharmEasy pays its franchisees a commission on the sales of all medicines and other products sold through their stores. The commission rate varies depending on the product category, but it is typically around 10% of the sales price.
For example, if a franchisee sells a medicine for Rs.100, they will earn a commission of Rs.10.
PharmEasy Franchise Cost and Profit Margin Detailed Breakdown
The following table provides a more detailed breakdown of the 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 |
Let’s assume that a PharmEasy partner store generates Rs.10 Lakhs in sales per month. Their profit margin would be Rs.2 Lakhs – Rs.3 Lakhs, and they would earn a commission of Rs.1 Lakh on the sales of all medicines and other products.
how to get pharmeasy franchise?
A step-by-step pharmeasy franchise registration process:
1. Visit PharmEasy’s official website: https://pharmeasy.in/.
2. Click on the provided link.
3. Fill in all the required details on the Google form and submit it.
4. Within two days, you’ll receive a call from your local area manager.
5. Discuss everything with the area manager to learn more about the PharmEasy Franchise in India.
6. Alternatively, you can email the company for distributorship details at saptarshi.sinha@pharmeasy.in, and you’ll get a reply from your area manager within 24 hours.
Pharmeasy Franchise Contact Details
Here is the contact information for Pharmeasy:
- Contact Number: 7666100300
- Email: care@pharmeasy.in
- Website: https://pharmeasy.in/
You can also reach out to them through their app or chat on their website.
The PharmEasy franchise is a good business opportunity for entrepreneurs who are looking to start their own pharmacy business. The franchise offers a number of benefits, including a strong brand name, access to a large network of customers, and support from the PharmEasy team.
However, it is important to note that the franchise business is also competitive, and franchisees need to be prepared to work hard to build a successful business.