Learn how to apply for Apollo Pharmacy Franchise to get started.Follow the complete tutorial step by step.
If you are interested in medicine and want to know about pharmacies so that you can invest in a pharmaceutical company and own its franchise, then this is the right place for you. This article will give you the Apollo Pharmaceutical franchise and tell you what is special about it. The article will help make the decision as to why you should invest in a company like Apollo Pharmacy and being the owner of their store.
Today, remedies are important. Technology has come a long way and a lot of the problems of the past have disappeared due to the advancement of technology. One area that has been heavily influenced by technology is the medical sector. Today, there is a cure for everything. Whether it’s a headache or a fever, you can heal and recover quickly. But where does one find the remedies? This is where the pharmacies come in. Pharmacies are shops where people go to buy medicines. A person shows a prescription of the medicine they want to buy and he or she gets that medicine from the store. Usually, a large variety of medicines are stored in pharmacies to meet the needs of as many people as possible.
When it comes to pharmacies, one name that stands out from the rest is Apollo Pharmacy. Apollo Pharmacy Shops proud of a large range of medicines. So there is a rare chance that someone is not looking for a particular medicine to find it in the Apollo Pharmacy store. By serving its customers very satisfactorily for years, Apollo Pharmaceuticals has succeeded in gaining the confidence of the people of India and building a huge loyal customer base in the country.
About the Company
Apollo Pharmacy, which is Apollo Enterprise Hospital’s unit, is considered India’s first pharmaceutical network. Apollo Pharmaceuticals was started in 1987. The founder of the company is Dr. Prathap C. Reddy who is India’s second-largest civilian award recipient – Padma Vibhushan.
Apollo Pharmaceutical has made its presence known in various different parts of India. The company has more than 3500 outlets that exist in over 18 states in the country. Apollo Pharmacy stores sell over 5000 medicinal products of various categories such as childcare, vitamins, health foods, supplements, etc. Of those 5,000 products, it is estimated that about 400 are exclusive of the Apollo Pharmaceutical brand. According to the company’s vice president Atul Ahuja, the company aims to grow by 30-35 percent each year and wants to add about 250 outlets each year. One more thing that makes Apollo Pharmacy stores popular among the Indian community is the fact that they are open for 24 hours every day, so anyone who needs to visit one of the Apollo stores can any time of day and has what he or she needs.
Apollo Pharmacy Business Plan
Apollo Pharmaceutical Store, Bangalore.
Apollo Pharmaceuticals focuses on certain aspects as part of their business plan. This helps the growth and development of the country. One aspect that the company focuses on is product availability. The Apollo Pharmaceutical products are available to customers online and offline and the stores are open 24 hours a day as well. Another area the company focuses on as part of their business plan is the sales generated by the stores in a year’s time. The company is researching what products are in high demand and therefore makes these products available in its stores to increase sales and generate more revenue.
How to Get an Apollo Pharmaceutical Franchise?
There are a lot of benefits of investing in a company like Apollo Pharmacy and owning one of its outlets. The first and most obvious benefit of investing in Apollo Pharmacy is that the company has a well-known and well-known brand name in India. This helps the franchise to attract a lot of customers to his or her store and also helps increase the outlet sales. Another benefit that the individual gets by partnering with Apollo Pharmacy is that the expected profits from running the store on Apollo Pharmaceutical are considered to be significantly high. Another benefit provided by Apollo Pharmacy is that it gives the employees of the store the opportunity to learn first-class. They can get more information by actually being on the field.
There are certain steps that one has to follow in order to become the shop owner of Apollo Pharmaceutical. Below is a list of steps a person should follow if he or she wants to become an Apollo Pharmacy Store owner:
- The first thing your individual needs to do is to become the shop owner of Apollo Pharmaceutical to visit the official website of the company.
- Upon arrival there, he or she must complete an application form applying for the Apollo Pharmacy franchise.
- The applicant must complete certain personal and professional details in this form.
- After submitting the form, it is reviewed by the support team of Apollo Pharmacy.
- If the application gets accepted, then the people of Apollo Pharmacy contact the candidate to take things forward.
Apollo Pharmaceutical Requirements
As with any franchise in the others, there are certain requirements that individual requirements must be met to become the shop owner of Apollo Pharmacy. The first requirement relates to the outlet area or space required to set up the store. The area should be sufficient so that all medicines have room to store and the employees can walk freely while performing their duties as well. For Apollo Pharmaceuticals, the area required by an individual comes in at around 10 to 15 square meters.
Another factor that the candidate needs to fulfill is the number of workers. The franchisee who runs the store must have at least two employees.
Apollo Pharmacy Franchise Cost
Every investor worth his or her salt takes into account the cost of the investment when deciding whether or not to invest in a particular company. Apollo Pharmaceutical provides two franchise options for potential investors. One is the single unit franchise and the other is the master franchise. The amount of money that investors need to put up in order to become the sole unit owner of Apollo Pharmacy is estimated to be around 5 to 10 lakh rupees. For the Apollo Pharmacy master store, an investor has to put up around 10 to 15 lakh rupees.
While there is no specific number or statistic on the internet to show how profitable an Apollo Pharmacy franchise is, it can safely be said that the owner of the Apollo Pharmacy store stands to earn a significant profit by investing in the company.
Apollo Pharmacy Franchise Inquiry
There may be times when a person may have a doubt or a question but he or she is unable to get in touch with anyone in the company who can resolve the issue on their competence. So, if anyone has any questions or problems and wants to contact the company’s support staff to answer their queries, then they can use the following information:
|address||65/68, Murugesanaickar Complex,|
3rd Floor Loyal Tower,
A Thousand Lights,
Chennai – 600006.
|Apollo Pharmacy Franchise Number||(044) 28245800|
Also check: How to Get Patanjali Franchise or dealership?
Apollo Pharmaceutical Franchise Frequently Asked Questions
How do I get Apollo Pharmaceutical franchise?
In order to become an Apollo Pharmacy store owner, one must visit the company’s official website and complete an application form applying for the right to vote. The application form is reviewed by the company’s support team, who then get in touch with the applicant to take things further.Is the Pharmacy business profitable in India?
Yes, the pharmaceutical business is very profitable because the medical market keeps growing exponentially every year.Can I open my own pharmacy?
Yes, a person can open his or her own pharmacy but he or she should get the licenses needed before you start it.
India’s largest supplier of medicines. India’s market share in the global medicine market comes to around 20 per cent. The number of general brands in India selling medicine is over 60,000 and will continue to increase. So, it is a good decision to invest in a pharmaceutical company, especially with a company like Apollo Pharmaceutical. So if you have money to invest and want to invest in a pharmaceutical company, Apollo Pharmaceuticals is the way to go.