Affordable Medicine Store is a chain of generic medicines store where all essential medicines, health & beauty care products and over the counters products are sold with minimum 50% to 80% discounts. Top OTC brands are also sold with min 10% Discount.
Affordable medicine store caters to all basic requirements of medicine store which include designing, furnishing, branding, accounting, providing man power-pharmacist, licensing, billing software and inventories etc.
The store will be using ERP software in order to provide prompt information, replenishment of stocks at short notice and also catering to specific requirement of customer. The Investment covers all expenses mentioned above and no further expense has to be made.
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Affordable Medicine Store Team
Operations Commenced On 2015
Franchise Commenced On 2015
Investment INR 2lac - 5lac
Franchise/Brand Fee INR 10,000
Royalty/Commission Nil %
|Types of Channels||Investment (If any)||Margin / Commissions||Area Requirement|
|Retailer||Rs. 2lac - 5lac||25% %||120 sq ft + - Sq.Ft. - Sq.ft|
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 100% %
Likely pay back period of capital for a unit franchisee Six Monthss
Other investment requirements No
Type of property required for this franchise opportunity Main Road
Floor area requirement Min 120 sq ft
Preferred location of unit franchise outlet Residential Hub/Govt Hospital
Detailed operating manuals for franchisees Yes
Franchisee training location Delhi/Dehradun
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? Life time Years
Is the term renewable? Yes