Pharmacy business startup plan | Medical store business idea

Pharmacy business plan:

Pharmacy business or medical store is a good business option because this business is attached from our health People are very conscious about their health. And when they need a medicine, they go to the medical store. This business never runs out of customers. The chemist's shop business is an excellent and green business. In this article we will provide you all the information related to this business which is very beneficial for those who want to start this business. 


Medical store business idea, pharmacy business plan,pharmacy business,pharmacy business in bangladesh,career in pharmacy business,pharmacy,how to start pharmacy business in bangladesh,pharmacy business ideas,pharmacy business plan in bangladesh,business ideas,small business ideas,how to start pharmacy business,e pharmacy business model,retail pharmacy business,e pharmacy business plan,pharma business,pharmacy business plans,parmacy business plan,pharmacy shop business plan
Pharmacy shop


Pharmacy is one of the best low cost businesses. Once you've opened a Successful Medical Store, you don't have to worry too much about future profits. So it would not be wrong to say that the medical store business will be quite a demand for you in this day and age. When your shop becomes successful, you can further open its branches.

Required qualification:

Anyone who wants to open a chemist's shop should have a degree in science and a degree in gradation. This qualification should be for the person in whose name the drug license is being issued. If you are the owner of the shop it is not necessary to the required education but the staff you hire must have the required qualifications. In addition, if you have an experience in the field of drug and medicine, you can run your own business easily.

Profit margin:

Profit margins of retail medical store range is 10% to 30%. The margins of each type of product are different. Then whatever discount you offer which can be up to 5% - 20%, then your benefit margin can be up to 5% - 25%.


Location:


Medical store business idea
pharmacy shop


Here are some factors to keep in mind before starting a pharmacy business. These factors will determine what your shop should be like and in which area it will run. When you find out about locality, you will understand what is the only thing that only your shop can provide. Like medicine home delivery etc. If the economic status of the people in your locality is low then you have to keep the price of medicines at the same level. The nearby pharmacy business can give you an idea of ​​whether or not there will be a demand for starting this business.

Cost and infrastructure:

The investment it takes to start a pharmacy business depends on multiple factors. Like business area, business level Whether you are a distributor or wholesaler. In addition, your overall finances depend on your shop rent, advertisement costs, legal fees, renovations, and every investment you make in opening a shop.

If you have an investment of up to Rs 4-5 lacs then you will opened 10 Sq.feet chemist shop which will include Drug license fee and Medicine Stock (Excluding Shop Rent / Infrastructure / Shop Purchasing Cost). In the pharmacy business, you have to keep many types of medicines and equipment in your shop.

Required furniture:

Show Case With Sliding Glass

1

10,500

Medical Store Display Racks

1

18,000

Pharmacy Rack

1

21,000

Pharmacy Counter with Drawers

1

8000

Medical Store Counter

1

39,000

Cash Counter

1

4,700 

Computer Counter

 

Drug/Pharmacy License:

Medical store business idea


To start a medical store or pharmacy retail business, you need to get a drug license. You cannot operate your own pharmacy unless you have a drug license. Note that you must register your shop to get a drug license.

How to market:

The medical store business is a service that everyone needs and can never fail. You need more than luck to succeed in this business. Shop Advertising, Dealing With Your Customers and Customer Benefits.You can promote your business through many ways like; Google Me Business is a free tool from Google that lets you list your business on Google. The advantage of this is that whenever someone searches Google, a chemist shop it will be easy to find all the details of your shop on Google.

Hoardings and paper media: 

You can also promote your business through hoardings and paper media You can place your chemist shop hoardings in every area where there is a market, such as near hospitals, on bus stands, in markets, in residential areas of your area. You can also sell pamphlets at your shop. You can give it to the people who come and go, or you can take it home by paying some money to the local newspaper of your area. In addition to discount offers, you can also provide coupons for spending a certain amount. For those coupons, and your sale will be better than before.

We hope that with this information you have come to understand a great deal about how to start a pharmacy business. We have tried our best to get you the answer to every question from beginning to end.

 

 

Post a Comment

0 Comments