Why Generic Medicine Franchise could be a Lucrative Segment for Business Investment
According to recent reports, the Indian pharmaceutical industry is largely dominated by ‘branded generics’ that are cheaper, more effective, and safer. When it comes to manufacturing, retailing, and exporting of the generic pharma products, India is one of the major players present in the world. Being the second-largest producers of generic drugs, the Indian generic market is anticipated to offer so much to the Indian economy.
Generic medicine franchises serve as a lucrative business model for entrepreneurs. The franchise system in generic pharmacy has so much to offer; they can help transform the healthcare system and can help business people and business entities to grow into a valuable market as well.
Are you thinking of entering the generic medicine business? If yes, then opting for a Genericart Medicine franchise could be the right step.
India’s No.1 Generic Medicine Franchisee Company
Genericart Medicine is India’s No.1 Generic Medicine Franchisee Company. This is India’s only company that is providing quality control certificates of every product, every batch. Customers can check these certificates online in existing shops.
Currently, the company is having more than 1100 registered shops naming “Swast Aushadhi Seva/ Genericart Medicine” in Maharashtra, Karnataka, Kerala, and Goa. Out of them, 950 shops are running successfully, while 150 shops are under the opening process. Genericart Medicine is also in the process to launch a mobile application.
The company has already registered more than 500 district heads, and over 60 lakh satisfied customers are taking benefit from its shops. Genericart Medicine’s turnover crossed Rs 40 crore in the last four and a half years. The brand has a full product range of more than 3000 products.
The firm operates through its own software management system. 85% of the company’s work is done through its system. Currently, all the distribution work of the company is done through Miraj and Aurangabad warehouses. All marketing material, the logo has been copyrighted and completed the trademark process.
Genericart Medicine provides quality medicines from GMP & WHO GMP certified manufacturing units only. It has a supply of special drugs like Oncology, HIV, etc. Its products are lower in cost by 30% to 70%.
From fever to cancer, all types of medicines are available at Genericart Medicine. It has a product range of more than 3000 products. The brand has over 450 content with a unique Generic name and Genericart logo.
Why invest in Genericart Medicine franchise?
Genericart Medicine has the widest range of generic medicines available among all drug stores. It will provide the right to use the logo and trademark of its organisation right from the beginning. The company will help you in market research before helping you open its branch of which you take the franchise. The brand offers assistance at each and every stage right from setting up the store from scratch.
The company offers training to your staff about using computers, so that management becomes very easy. The franchise store will be monitored regularly, business guidance and local and national marketing support are provided.
Easy and worry-free purchasing of items to be replenished from its commissary with twice a week delivery. The brand also provides additional free training on technical matters, new products, services, and promotional activities.
Investment: Rs 10-12 lakh
Franchisee Fee: Rs 1 lakh + GST (non-refundable)
Average Medicine Sale Margin: 50%
Return On Investment (ROI): 18-24 months
Seasons will not affect business
Earn how much you want (No capping on profit-making)