Introduction to Long Term business Opportunity Darshan ji, we have brought a
lifetime business for your viewers. This is a business that runs from
the birth of a person till his death. And no matter how much competition comes to your
store, there will be more and more crowd at your store. To talk about earning, this business
will give you 5%-80% margin and the store owner can easily earn
Rs.1.5 lakh- Rs.2 lakh per month. Earning proof of Medical Store in India Till now, we have 350+
franchises that are working with us. Sir, there are many
people working with you. By logging into the portal of any franchise, please
show us how much sales and profit it is generating. I have logged into the portal of Kalyan Store. We can see the profit generated by that store here. I am showing the profit and
sale for the date 1 July, 2024. The details given in our software are: Bill no.,
Customer's name, Date, Amount, Profit, etc. This store has made a sale of Rs.12,145 in which, the profit earned is Rs.6,171. There is transparency due to which,
both of us can see these deatils. This store has earned a profit of Rs.6000. According to that, if you count the monthly profit, then
the store owner can easily earn Rs.1.5 lakh - Rs.2 lakh. Friends, welcome again to an episode of an
awesome business idea of Manufactorer's Guide. I shouldn't say this but this is such a business that
it will continue as long as people keep falling ill. Yes, this is such a business model. So, you must have understood
what this business is. If you want to start medical
business by taking franchise Introduction to Medical store franchise business or if you want to start pharmacy business
by starting medical store or pharmacy store as you might have seen in different areas and if you saw this video, you don't need to see
any other video related to medical business because this video has
complete information about it. Praful sir will give us the
information about this business where sir helps you to open a medical
store with minimum investment and if you are such a viewer who is not a phormacist
and who doesn't have any knowledge of pharmacy and without any knowledge, if you
want to open a medical store then sir will be telling us a way
to do that in this video from which, if you are not a pharmacist
and if you don't have drug license, you can still open a medical store or a
pharmacy store and start your business. Sir will tell us that also. So, stay tuned in the video
for each and every second. Scope of Pharmacy store business in India You are right that there is a
great need for medical stores. If our basic needs are food, clothing and shelter,
then the fourth need of the people is medicine. Nowadays, a day passes without food, but
not a single day passes without medicine. People's diseases are increasing day by day. Diseases like diabetes, blood
pressure, thyroid, arthritis, psychiatric, oncology diseases, etc.
are increasing day by day. So, the sale of those
medicines is also increasing. So, the requirement of medical
stores is increasing because the product ranges in medical
stores are increasing day by day. So, I want that new people
should start this business, expand their business
and grow fast in less time. We have made our franchise model such that
people who set up their business in 5 years can set it up in 2 to 3 months
through this franchise because my 30 years of experience gets
connected with their business directly which gives them a ready made system. So, they can grow within a short time. Why to buy Genmed medical franchise to start pharmacy business ? Why should you join me
to start your own business? I am a pharmacist. My name is Praful Dhorajiya. I got my pharmacy degree in 1993 and I used to supply the medicines
that I used to get from companies to different districts and tehsils
in Gujarat from Surat but the customers could not get
any benefit of generic medicines. So, like the government established
Pradhan Mantri Jan Aushadhi stores, I established GenMed Shopyes Pvt. Ltd. in 2017
by combining the words "Generic" and "Medicine". Our concept is approved by Central
Government's Start Up India scheme. After bringing up this
concept, we opened a store. I sat there for 3 months and observed
the needs of customers and store owners. By noting down these needs, we designed the
complete model and implemented it in the market. On 22 January, 2017, we opened
the 1st franchise store of GenMed. We have 350 franchise stores. We have opened our stores in 25 different states. Let me tell you a secret thing. 85% of the stores in America and England
are based on the franchise model. Just 15% stores are unorganized. In India, it is opposite to that. In India, out of 100 stores, 15
are based on franchise model and the remaining 85% are unorganized. So, in India, there is a big opportunity
to opt for the franchise model. If you want to start a GenMed store in
your city then you can start it by joining us. In the market, we get normal medicines
that we get from normal medical stores. What is Generic Medicines ? So, what is the difference between the
normal medicine and generic medicine? You are saying that you
deal only in generic medicine that if given to the customers,
the business runs good. What is the difference between both of them? The price of generic medicine is less and there is 50%-80% discount on generic medicine
as compared to the regular medical store. So, the quality of the medicine is
same but the patient needs to pay less. So, the patient gets profit in that. There is no difference between them
except the way of marketing them. All the other things like ingredients, content,
strength, result and everything else is same. The government is also promoting it. The Prime Minister is the brand
ambassador of generic medicines. Sir, if there is a generic medical store on one side
and a normal medical store on another side, both these stores sell the same
medicines and products, right? Both these stores sell the
medicines of same companies. Why generic medical store are pocket friendly to customers ? Then, why is generic medical store
able to give so much discount? Why the normal medical store is
unable to give that much discount? In case of our GenMed stores, there are no
dealers, stockists & distributors in between. So, the prices of those products are less. It doesn't require salesmen for marketing. So, there is no need of giving any gift article
or sample or any such thing to anyone. So, that expenditure is saved. Becuse of that money which is saved,
discount can be given to the customers. If we offer a good discount to the
customer, he becomes happy & so, we get mouth to mouth publicity and as such, a single customer sends
5-10 more customers to our store. As such, our customer base increases. Sir will explain the complete franchise model to us. Medical store kaise khole ? I had told you in the beginning that
even if you are not a pharmacist, if you are just a normal viewer and if you
want to open a medical or pharmacy store, how can you open it? Sir will show us different
categories of medicines. He will tell us the rate
of medicines for you. At what price, will you sell
them to the end customers? How much profit will you earn? So, stay tuned in the video
for each and every second so that you don't miss
out any information. In our GenMed store, you will
get medicines of all categories What types of medicines are there in Genmed Medical Store that include general medicines & medicines for diabetes, blood pressure, thyroid,
arthritis, psychiatric, oncology and for other diseases also. You will get general medicines of categories
like ayurvedic, cosmetic, OTC, surgical, etc. We have displayed the medicines
of branded companies here that include companies like Ajanta
Pharma, Cadila, Cipla, Abott, etc. Sir, when our viewers
will open their stores, will they get all the types of
medicines for all the diseases? Will they get medicines having all the
content that is prescribed by the doctor? The customer should not be unsatisfied. We have diabetic, cardiac, psychiatric,
orthopaedic, gynec and pediatric medicines. So, generic medicines of all kinds are there and all of them are available with us. Do you have medicines available for all
the genders and for all the age groups? We have generic medicines that are needed
for all the genders and for all the age groups. We have barcode system. We stick barcodes on each
product which makes billing & explaining about the medicine to the
customer for our franchise owner very easy. So, we stick such barcode on each product. With barcode, the discount price is also written which makes it easy for the customers to
compare the difference between the rates. Medical Store Profit Margin in India ? When our viewers will open the franchise store, at
what rate our viewers will get the generic medicines? When they will sell them to their customers
at discounted rate, at what price can they sell? How much profit will they earn? We have around 7500 product ranges. We are adding even more than that. Customers will get up to 80% discount. The store owner will earn
a profit of around 5%-90%. For example, this is tamsulosin tablet. Its M.R.P. is Rs.55. The franchise owner will sell
it to his customers for Rs.25. This product will cost Rs.11
to the franchise owner. Apart from this, we have
medicines of different diseases. This is Rosuvastatin
medicine for cholestrol. Its price for the end
customer will be Rs.60. We sell this product to our
franchise owner for Rs.27. Great! This is Metoprolon
medicine of Ajanta Pharma. Its M.R.P. is Rs.47. The store owner sells it
to the end user for Rs.22. It will cost Rs.10
to the store owner. Great! You will get good packing for
all the medicines from us. This is Dapagliflozin
which is used in diabetes. Its packing is good and its
weekly dose is also printed here. Its M.R.P. is Rs.168. The store owner sells it to
his customers for Rs.50 & we sell it to the store owner for Rs.23. This is Daxaflow medicine for urinary problems. It also has good packing. It has good carton. The box is strips based. Its M.R.P. is Rs.280 and the store owner sells it to
his customers for Rs.135. The store owner gets
this product for Rs.53. Just for Rs.53, right? That's great! there
is a huge margin. Let me show you
this tablet for arthritis. This is Calcigiant Rose medicine. It is a combination. Its M.R.P. is Rs.319. The store owners can sell it for Rs.110. We sell this product to our
store owners for Rs.55. So, the franchise owner earns around
50% profit even after giving discount. Its profit and discount both are good. We offer good discount on
medicines in tube packing. Its M.R.P. is Rs.195. Our store owners sell it
for Rs.80 to the patients. The store owner buys it for Rs.38 from us. We have this ointment also which
has clobetasol salicylic acid. Its M,R.P. is Rs.135 and our store owners give it for
Rs.50 to their customers. The store owners get it from us for Rs.22. This is the cough syrup of Zydus Cadila. Its M.R.P. is Rs.75. The store owner sells it to
his customers for Rs.45. It costs Rs.23 to the store owner. We have product ranges of around 7500 to
8000 types that are filled in racks and cartons. Apart from the medicines, our franchise
owners can also sell different accessories like surgical rehabilitation belts like abdominal belt,
lumber belt, survical collar, knee cap, anklet, etc. All those belts are also available with us. We also have crepe bandage
which has a good discount. Its M.R.P. is Rs.240. The store owner sells it to his customers
for Rs.95 and he himself will get it for Rs.45. When you join us and start GenMed medical store, we will provide you not only the medicines
but products of different categories too. Those categories are ayurvedic,
cosmetic, OTC and surgical. What is OTC? OTC means Over the counter that
is not prescribed by the doctor but they are available in the medical store like Petsafa,
Kayam Churna, Amrutanjan Balm, Vicks Balm, etc. All those products come in OTC
category that are sold at the counter. It also includes Chyawanprash. Those are the products that
people generally demand & the medical store owner
can sell them directly. Those are called OTC products. Sir, if our viewers want to join you
and start this franchise model, Genmed medical store franchise business model ? how can they do that and
what will be the investment? Also, please explain this franchise model. There are 3 requirements in this franchise model. You need a pharmacist. If you are a pharmacist then it is better otherwise you can
do it in partnership or by employing someone else. You need a shop and if it is your own shop
then it is better otherwise, you can take it on rent. It needs an investment of Rs.5 lakh. Out of Rs.5 lakh, Rs.1 lakh is the franchise fees. It is one time fees with GST
that is non-refundable. We have added a new plan in GenMed because many people say that they can invest some
money and they just want some profit. We have a deposit system for them. We don't take Rs.1 lakh fees from them.
Instead, we take Rs.2 lakh as deposit. and we refund it after 30 months. Rs.2 lakh will be refunded. We give the promotion material
to them in the beginning itself. The amount of Rs.2 lakh that he has
given now, gets refunded after 30 months. So, the investment reduces
from Rs.6 lakh to Rs.4 lakh. You can take medicines worth
Rs.1.5 lakh that you can choose yourself. The cost of store's interior is Rs.2,40,000
that he has to do himself in which he needs to buy a computer, a
printer, make a counter and racks. He has to make the outer
elevation grill with ACB sheet. He also has to fit a camera. The investment for that is Rs.2,40,000. He can do all that in Rs.2 lakh or Rs.3 lakh. It all depends upon him. How to open medical store without having pharmacy degree or drug license ? I want to do some medical business or
open a medical store by taking franchise but I don't have any degree of pharmacist. So, if such common people who
want to start this business, please explain how they
can start this business. A person who doesn't have any knowledge
of pharmacy or any pharmacy degree or a common man should also
be able to start this business. What is the business model for them? How will you guide them? This is our franchise model. So, even if you have less
knowledge, it will still work. If you are a pharmacist or a fresher or even a
non-pharmacist, still you can start this business. If you are not a pharmacist, you can hire a pharmacist
or you can make him a partner in your business. If you don't know any pharmacist then you
can collect data of the pass out students of last 3 years from a pharmacy college
near you, call them and ask them to join. You can also talk to a
marketing person about this. If we open a medical store by taking
their drug license, then is it okay? The owner gets the drug license
by taking a certificate from him because the pharmacist
doesn't get the license. The shop owner gets
the license and for that, all that is needed is a qualified person
either as an employee or as the owner. The owner gets the license. The pharmacist doesn't get it. So, they can do it easily. Let me tell you an example. Mukesh Ambani is not a petrochemical
engineer but still, he runs the business. So, he has made an SOP. Similarly, in GenMed, we have made
a Standard Operating System and we give you complete training of that. We give 2 trainings. One is to run the store and another traning is for converting the
customers to GenMed customers. When the GenMed franchise is opened,
we guide you on how to design the store. The outer look has green color. You have to make that
elevation using ACB sheet. The inner look should have white color in which,
the counter, racks and walls will have white color. When the customers enter the shop,
they should get an L-shaped counter. Like customers purchase after enterting
the jewellers shop or tailoring shop, we design the look of the
store accordingly for our needs. The main USP for attracting the customers
is free check-up for customers in which, we check blood pressure
and weight for free and we also check the temperature using
a non-contact thermometer for free. These 3 things are permanently
free for the customers. We have kept glucometer
for checking diabetes. In that, single strip is used. For that, we charge Rs.15. This free check-up facility is
not available at other stores. We have kept it in our store so
that the customer gets extra facility. Where we can open Medical ? Pharmacy store ? The main thing is that if someone thinks of taking
the franchise, where can he do the setup? There should be a fourway spot. The ground floor should have space. The location should be such
that the footfall is more. The more medical stores
nearby, that is our first priority because if there are other medical
stores, there will be a market and so, we will be able to convert
the customers of that market. If there is a doctor then
it is a bonus for us but if there is no doctor then also, we
are not dependent on the doctor. If there is no medical store
near you, it will still work but the main thing is that there should be
vegetable market or fourway or public footfall. At least one of these things
should be there so that there is public foofall and people
should be able to come to us. Sir, this is the most favorite
question of our viewers. Average Daily Sales / Profit of Medical / Pharmacy store in India If I take the franchise and work with
you, how much profit will I earn? It depends on the person who is sitting
there but to tell you about the ROI, the store doesn't get growth right from
the first day itself but gradually, it grows. After 4 months to 1 year, the per day sale
of the store reaches up to Rs.20,000. On that sale of Rs.20,000,
the average profit is 45%. On an average, by doing a sale of Rs.20,000,
the average profit earned is Rs.7000. If you count 25 days as working days
and if your sale is Rs.20,000/day then the total sale of 25
days will be of Rs.5 lakh and if the profit is Rs.7000/day then in 25
days, the total profit will be Rs.1,75,000. This is the gross profit. Out of this, you need to cut the rent of the
store, electricity bill and the cost of stationery. It will be different for different stores. After cutting all those expenses, you can easily
earn a net profit of Rs.1.25 lakh - Rs.1.5 lakh. To start this business Call. So friends, if you want to join GenMed and start your
own medical business by taking the franchise then I have given the number of
sir's company on the screen. Description box has number,
address and everything. So, you can call him and get detailed
information about this business. Thank you so much.