How Much Investment Is Required To Start PCD Pharma Franchise Business?

How Much Investment Is Required To Start PCD Pharma Franchise Business? – Are you thinking of starting a PCD pharma franchise company in India, then you came to the very right place. Here, we are going to discuss in great depth How much investment is required to start a PCD pharma franchise business. Over the past ten years, the Indian Pharmaceutical sector has been thriving, opening new business opportunities in the domestic market. This business model of PCD pharma franchise is highly popular as the company provides rights to an individual or a group to market & sell their products under their branding in a specific geographical area. The franchise holder will be responsible for marketing, promotions, sales, as well as distribution of pharma products in that very location.

Start A PCD Pharma Franchise Business in India 

 Here are some steps mentioned below describing how to start a profitable PCD pharma company in India-

1. Start with building a business plan that helps in developing, and implementing for a successful business. 
2. Finances are a vital part of a business plan. One must consider current market trends, documentation, licensing, rent, and other miscellaneous expenses to start a PCD pharma franchise. 
3. Research different companies dealing in PCD pharma franchises. It is important to associate with a reputed pharma company offering certified products, testimonials, and perks being offered by the company. 
4. To start a PCD franchise, you will need a drug licence and GST No. However, pharma companies do have their criteria that usually include minimum qualification, prior experience, and initial investment. Check whether the company provides perks and benefits such as free promotional tools,  assistance, etc.  
5. Location and product catalogue is an important parts of starting a profitable PCD pharma franchise. Therefore, wisely choose the location based on demographic, economy, & requirements and similarly, choose the products as per that particular region. 
6. Lastly, sign an agreement with the pharma company of your choice. 

Key Facts About The Cost Of Starting A PCD Pharma Franchise In India

1. Multiple Factors Affecting The Total Cost – While starting a PCD pharma franchise business, there are multiple factors affecting the overall cost which include product range, demographics, geographical area, marketing assistance & other perks being offered by the company. Apart from this, the reputation of the company may have an indirect impact on the cost of initial investment for the PCD franchise. 
2. Flexible Investment Options – The best part of starting a PCD franchise is the flexibility of initial investment. One can start a pharma franchise with an investment of a minimum amount of Rs. 20k to upto Rs. 1 Lakh. Several companies are offering genuine investment deals in the pharma sector such as Zexus Pharma. 
3. Additional Cost – Of course, like any business, the PCD pharma franchise has some additional costs that may increase the overall investment cost, such as stock replenishment, operational costs, marketing & promotional activities, and licensing fees. 
4. Reputation – Pharma companies with a strong brand reputation in the market have a high initial investment because of the experience they possess. 
5. Geographic – The urban and rural area has different investment required as well the total territory covered in a particular area has a direct impact on the overall investment requirement. 
6. Product Quality – Products need to be top-notch quality and certified by respected authorities. An ISO-Certified product range will add more cost to the initial investment required. 
7. Additional Perks – The major advantage of choosing a PCD pharma franchise is the extra perks being offered by the company. Such as training programs, promotional tools, marketing assistance, and 24*7 assistance. So, the better the service, the more will be the investment cost of starting a PCD pharma franchise. 

Investment required to Start a PCD Pharma Company 

Like any other business, the PCD pharma franchise business requires investment which can be broken into three major segments – 

#1. Cost Required During Documentation, License & Certificates

Before starting a PCD pharma franchise, you will need some mandatory documents, licences and certificates to meet the criteria set by the company & govt authorities. There may be different levels of qualification requirements, but here, we will discuss them in great depth. There are some one-time investments required to acquire certain licences and documentation. 

• Drug Licence Number – It will cost around Rs. 5000, the price may vary in different states. 
• Registration Of The Company – Registering your company will cost around Rs. 9000. 
• Acquiring FSSAI Certificate – There is an annual charge of Rs. 100. 
• Trademark Of Products – There will be an aggregate cost of Rs. 4500 (including govt. Fees & advocate fees). 
• Tax Identification Number (TIN) – This will cost approximately Rs. 4500. 

#2. Recurring Cost 

These expenses need to be in consideration while calculating the ROI and it may vary from one person to the other. But one must include these costs/investments while starting a PCD pharma franchise in India. This includes- 

• Rent of the premises or warehouse facility 
• Electricity bills 
• Marketing and promotional expenses
• Salary of employee hired
• Accountant salary 
• Sales Tax Return 
• Credit payable, if any 

#3. Emergency Funds 

One must keep some emergency funds of at least Rs.50k to resolve any last-minute hassle.  

Conclusion 

Lastly, this was all about How much investment is required to start a PCD pharma franchise business? If you are interested in it, then you can reach out to Zexus Pharma. A leading PCD pharma franchise company in India dealing with eye drops products. So, reach out to Zexus Pharma for further details today!