Are you looking to start your own medical pharmacy business or a medical store? And are you searching for the best pharmacy franchises in India? Then you have come to the right spot as in this article we will share about Netmeds Pharmacy Franchise in India for you.
Did you know that the pharmacy industry is going to touch anywhere around $100 by the year 2025?
Netmeds is one of the leading names in the online pharmacy business. It is looking to spread its wings throughout the country. Netmeds is a more than a century-old business that is committed to providing safe, reliable, and affordable services to its customers.
Currently, Netmeds is looking to expand its market by opening 1000 medical stores in the coming years.
In this article, we have mentioned the best possibilities and requirements to start a Netmeds Pharmacy Franchise in India. We will talk about the franchise, support details, ROI tenure, and its requirements.
Netmeds is the leading pharmaceutical business in the market. It has become everyone’s trusted pharmacy online with its multi-crore digital, TV, and advertising campaign has made a big milestone.
Netmeds franchise to get all the meds is the best thing for anyone who can trust their services. It is a venture of 100th-year-old Dadha & Company that has been dispensing medicines since 1914. Nearly Netmeds fulfills orders of over 20 lakhs customers regularly.
It has become an expensive part of the growth plan. The company has maintained the sanctity and ethics of its family business. The market plan of Netmeds has already grown into 15 – 20 percent in the pharmacy business.
By offering all health things like medicines, sanitary items, fitness-related products, personal care products, or medical devices.
The main motto of the brand is to provide healthcare access to all. It is why they are introducing the plan of Netmeds Pharmacy Franchises in India.
With the help of the online platform, the Netmeds brand has been able to provide healthcare access to all needs of people living in metro cities, 2nd & 3rd tier cities as well. It is a trusted brand and has its headquarters in Chennai.
The USP of Netmeds is all about being a reliable source brand in the pharmacy sector. Where they keep on updating their products and services to the needs of the people.
They understand the importance of medicines and thus they are planning to launch and expand their business offline with franchises. Hence the brand concentrates mostly on helping and providing medical assistance to the people.
While maintaining the quality and excellent services at check. They also offer a variety of products from companies to make sure customers choose what is best for them.
Requirements Of Netmeds Pharmacy Franchise:
The space required to open a Netmeds Pharmacy Franchise has to be around 300 – 500 sq. ft. This is due to accommodating the company’s space and catering to the customer’s needs affordably. Where we can display the products and stocks in the right way. So that customers can select their desired product.
You must also know Netmeds is a private organization in the health industry that was founded in 2014. Currently, they offer a 5 years tenure for the franchise with their business setup taking place around 1 – 2 months. Also, the space location should be on the ground floor in a crowded commercial area. Even a residential area with a minimum of 100 footfalls is also a desired location for space. But you don’t have to worry as they will provide location assistance with a maximum footfall.
The brand believes in carrying out a smooth process in running up a franchise. So if you have experience in running a pharmacy business then you are of great potential. But also if you have two skills like the ability to invest and business ability then you are good to go to open your Netmeds Pharmacy Franchise. The final investment amount to open this franchise is about INR 10 lakhs to 20 lakhs. If you lack any investment amount then the company will help you in getting the loan from the required banks.
Netmeds will provide adequate training to its franchisees. From technical to operational they will provide frequent training programs. For dealing it with the customers at the same time dealing with stock. The franchise will also receive a manual for better working with operational support. The brand also guides licensing & assurance of ongoing assistance.
Benefits Of Netmeds Franchise:
When you open a Netmeds Pharmacy Franchise you are bound to receive a lot of benefits. Such as
- It is a well-established brand which is a big plus. As people around the country have instilled faith in this brand.
- You can find a lot of different products available in Netmeds here. Like fitness-related products, mom & baby care products, personal care products, health & wellness products, Covid-19 essentials to name a few.
- Netmeds has a big deal of their advertising and marketing strategy.
- For starters, they provide 100% support to its franchise. This indeed helps in a better understanding of customers and franchisees.
- Also, you need not have to worry about the product and stock management. Because the company has nearly 8 fulfillment sectors across the country and has more than 13 warehouses. It has nearly 35,000 stock-keeping units for a smooth and easy process of product and stock management.
Getting Loan Support:
The brand is trying hard to provide additional loan support to its franchise. For the same, they are working hard and trying to get bank loans for all of its applicants. So sooner they will be able to get all loan support from banks soon.
Netmeds when it comes to the recession it is the last one to get affected in the pharmacy sector. Moreover, reputation is everything for the company and its business.
As they have put a lot of effort, dedication into keeping it affordable, accessible, and qualitative.
So all you need to do is focus on getting the best location set up along with the investment and business ability. And being associated with Netmeds as a Netmeds Pharmacy Franchise is a big demand and reputation in itself.