In an era where entrepreneurship is flourishing, the Pharmacy Brand Developer stands as a testament to innovation and disruption within the pharmacy franchise industry. With over 17 years of industry expertise, Pharmacy Brand Developer has cultivated a unique approach that aims to empower aspiring entrepreneurs to build their own profitable businesses in the healthcare sector. This blog delves into the essence of Pharmacy Brand Developer, highlighting its core values, services, and franchise model.
About Pharmacy Brand Developer
The brainchild of industry veteran Mr. A K Mallick, Pharmacy Brand Developer is committed to making entrepreneurship in the healthcare sector accessible and profitable. Drawing from years of experience and insights gained from assisting reputed pharmacy brands, the company identified the pain points that investors often face, especially regarding hefty franchise fees that often do not align with the value provided. Since 2017, Pharmacy Brand Developer has forged a direct connection with investors, offering its services without charging any royalty or profits on margins. Instead, it charges a one-time brand development fee and delivers support as per the agreement period, effectively empowering entrepreneurs to create and market their brands, free from the constraints of hefty franchise fees.
Services Offered
Pharmacy Brand Developer offers a comprehensive range of services tailored to help entrepreneurs establish their own pharmacy franchises, retail chains, standalone pharmacies, eye clinics, departmental stores, or path lab collection centers. Here’s a glimpse of the support and services provided:
- Full Support from Pre-Launch to Post-Launch: From selecting store locations to designing interior layouts and fitments, Pharmacy Brand Developer offers complete hand-holding throughout the journey.
- Assistance with Licensing and Staffing: The company helps with procuring the necessary drug licenses and provides guidance on hiring and training staff.
- Software Training and Product Merchandising: Ensuring that entrepreneurs are well-equipped to manage their operations efficiently, Pharmacy Brand Developer offers software training and guidance on product merchandising.
- Purchase and Sales Support: The company shares insights on obtaining the best purchase rates for medicines, surgical equipment, general items, and cosmetics, enabling entrepreneurs to run their pharmacies successfully.
- Doctor Tie-ups and Health Camps: Pharmacy Brand Developer facilitates partnerships with doctors and organizes health camp activities to enhance the healthcare services offered.
- Guidance on Medicinal Procurement: With its extensive industry knowledge, Pharmacy Brand Developer assists investors in sourcing medicines at the best prices.
- Digital Presence: The company aids in web and app development, enhancing entrepreneurs’ online presence.
- Loan Facility: Recognizing the financial aspect of starting a business, Pharmacy Brand Developer even offers loan facilities to support investors in their endeavors.
Pharmacy Brand Developer Franchise Model
The franchise model of Pharmacy Brand Developer is built on solid unit economics:
- Area Requirements: A minimum of 200 square feet is required for the store.
- Total Investment: With an investment ranging from 7 to 8 lakhs, it’s a cost-effective way to enter the pharmacy business.
- Franchise Fees: Instead of traditional franchise fees, Pharmacy Brand Developer charges a brand development fee of 2.5 lakhs plus GST.
- Payback Period: Entrepreneurs can expect a payback period of 12 to 15 months, making it a lucrative investment.
- Agreement Period: The agreement spans 5 years, allowing ample time for entrepreneurs to establish and grow their businesses.
- Business Model: Following the FOFO (Franchise Owned, Franchise Operated) model, entrepreneurs have the autonomy to own and run their pharmacy outlets.
Pharmacy Brand Developer’s innovative approach aims to redefine the pharmacy franchise landscape by offering comprehensive support, eliminating hefty franchise fees, and empowering entrepreneurs to create their own successful brands. It’s a visionary concept that paves the way for aspiring healthcare entrepreneurs to thrive in a competitive industry.