The pharmacy industry in the country is expected to touch anywhere around $100 by the year 2025. There are more than 8 lakh pharmacy shops around India, and they are growing at 15% per year. When it comes to the online pharmacy business, Netmeds is one of the leading names in the pharmacy business and is looking to spread its wings throughout the country. Yes, Netmeds is looking to expand by opening around 1000 pharmacy stores in the next five years.
In this article, we’ll look at the possibilities and requirements to start a Netmeds franchise in India. This detailed guide will provide all the details about Netmeds, including its history, its main USP, benefits, requirements to start a franchise, along with details about how to apply as well.
Netmeds Franchise Wiki
NetMeds was launched in 2010 by Pradeep Dadha with an aim to provide high-quality medicines delivered to your doorstep. At Netmeds, you can find a diverse range of prescription medicines available along with various other health care products, health monitoring devices, along with health care products too. With more than 100 years of experience in the industry, Netmeds is headquartered in Chennai.
Netmeds Franchise Benefits
- Well Established Brand
- Advertising and Marketing
- Wide Range of Products
- Product and Stock Management
Netmeds Franchise Cost, Investment, Fee
To open a Netmeds Franchise in India, you need to provide a minimum investment of INR 10 lakhs. But the good news is that even if you don’t have the required investment, NetMeds will help you get a business loan to get started with your franchise.
Netmeds Franchise Requirements
Netmeds Franchise Area Requirement
To open a NetMeds franchise of your own, you need a minimum space requirement of around 300 sq. ft. Another essential requirement you need to fulfil is the location of your shop. NetMeds recommends that your shop needs to be located on a ground floor and in a crowded commercial area or even in a residential place with a minimum of 100 footfalls. If required, NetMeds will also provide location assistance to help you find a location with the maximum footfall.
Netmeds Franchise Experience and Skills
When it comes to the experience and skills needed for opening a NetMeds franchise, if you have experience in running a pharmacy business, then you will have a higher chance of getting a franchise.
Netmeds Franchise Training
NetMeds will provide new franchise owners with the required technical training to process bills and stock management etc. It will also provide frequent training programs and provide operational support as well.
Netmeds Franchise Profit, ROI
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How To Apply For Netmeds Franchise
You can Apply for this franchise at their official website. There you will get a form that you have to fill then company officials will contact you.
NetMeds also can be contacted through Phone Number – 7200712525
Once your application is approved, you will be contacted by the NetMeds team for a personal interview and for further proceedings.
Netmeds Franchise Contact Detail
Is It Profitable To Start Franchises?
Yes, It is very much profitable to start
With the ongoing health concerns and pandemics surrounding our lives, it is a booming period for the pharmacy sector. NetMeds is a brand with more than 100 years of experience in the organized pharmacy sector. The franchise business model from NetMeds is specially designed to help you start your business quickly. In fact, they even help you to get a business loan from various banks throughout the country.
The pharmacy business is always seen as a risk-free business. If you are planning to start your own business, then it is the right time to get partnered with NetMeds and get guaranteed returns for your investments in a quick time.
We hope that the above franchise guide has provided every information needed about taking a franchise of Netmeds in India. If you still have any comments or suggestions, please post them in the feedback section below, and we will be happy to provide all the answers at the earliest.