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Wellness Forever Medicare Pvt Ltd runs pharmacy outlets. The firm was founded in 2008 and is headquartered in Mumbai, India. There are also franchise options available. Wellness Forever Medicare owns and operates around 80 outlets in India as of 2018, and the Wellness Forever franchise in India has immense demand.
Wellness Forever has over 30,000 products, including over 12,000 curative and preventive medicines and a comprehensive selection of health and lifestyle items. Today, Wellness Forever has a universal presence, including over 200 retail locations, a website, an easy-to-use mobile app with 24-hour ordering, and a toll-free Wellness Forever franchise contact number.
Did you know?
Wellness Forever, a pharmaceutical retail chain, has raised ₹20 crores from a group of high net worth people (HNIs) as it plans to grow from 70 stores to 120 in the next year. Later this year, the company, which has offices in Mumbai and Pune, intends to boost another ₹100 crores in private equity capital.
Wellness Forever Franchise Details
Wellness Forever Medicare Pvt Ltd is a company that offers franchise opportunities in conjunction with Wellness Forever Pharmacy at various locations. This Indian company was established in 2008 and is headquartered in Mumbai, and franchise opportunities are available for this company. As of 2018, Wellness Forever Medicare owns and runs over 80 locations in India. Their website also includes contact information for anyone interested in a Wellness everlasting franchise.
Wellness Forever is an Indian lifestyle pharmacy company that was created in 2008 by Mumbai-based Wellness Forever Medicare Pvt. Ltd. Wellness Forever is one of the country's top, well-known, and fastest lifestyle pharmacy companies. Approximately 30,000 products, including over 12,000 curative and preventive medicines and a full assortment of health and lifestyle items, are used to assess the profitability of the Wellness Forever franchise model.
Things will be barcoded in a variety of ways by the organisation to promote easy charging and thorough exposure. A dedicated team of record managers and care professionals will assist with day-to-day operations.
The Wellness Forever franchise’s national marketing campaigns increase brand awareness and draw customers into stores. A large selection of appealing, large premium products will enable the franchisee to increase profits. Best-in-class innovation stage and support are available to flawlessly manage deals and stock.
Also Read: Best Food Franchises in India With Low Investment
Wellness Forever Franchise Eligibility Criteria
Founded by a group of seasoned and accomplished business visionaries from the healthcare industry, the organisation offers a sure-fire success formula to anyone who wants to achieve success in their career.
There are as many benefits to owning a pharmacy franchise as there are doctors who practise medicine in general. This is primarily because, the more the doctors, the more the medicines being prescribed.
However, despite the fact that each situation is unique, all of them share some essential characteristics. Many chain pharmacy pharmacists may find that adhering to company policies restricts their ability to spend time with patients, resulting in dissatisfaction. It's possible to feel that your efforts aren't being appropriately appreciated and compensated. It's possible that you're ready to go on your journey. If not, you may have to find a pharmacy happy to lend you their name for registration reasons in exchange for a goodwill payment. This is because obtaining a pharmacy license for your local pharmacy will require the qualifications of at least one pharmacist, either the owner or an employee.
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Enough Storage Space
To open a medical shop, pharmacy, or wholesale business, you'll need a leasing agreement or ownership proof of facilities with a minimum of 10 square meters. A least 15 square meters is necessary if the pharmacy store sells both retail and wholesale.
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Investment
Your most basic Wellness Forever franchise investment will be a shop if you're targeting a local area. Just be sure you do the arithmetic for a shop and inventory purchases first. Also, ensure you have a GST number as in the medical store business; GST on medicines is a must. Depending on your medical shop's city, location, and scale, rent might range from ₹10,000 to ₹10 lakhs per month.
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Document Requirement
- Application for a pharmacy license in the appropriate format.
- Covering Letter stating the purpose of the application and including the applicant's name and designation.
- Fee deposit challan for getting a drug license. The license is the first thing you would require to get the franchise.
- Form of declaration in the prescribed format. Make sure all the details you present are in the desired and the required format. Read all the instructions carefully before presenting any documents further.
- The premises' key plan is a must to opt for the franchise. The key plan assures all the things are planned and under control.
- The premises' site plan. The site plan helps you have a clear vision regarding which place is utilised for which purpose.
- The legal basis for the premises' possession. The legal documents are a must when you opt for the franchise, and you need to ensure the documents are legit and are in the correct format as requirelid.
- The owner/partners of a medical store business must provide identification and pictures.
- If the property is rented, proof of ownership is required.
- Proof of the company's formation. The original documents are required to proceed further legally.
- Non-conviction affidavit for proprietors, partners, and directors under the 1940 Drugs and Cosmetics Act.
- Affidavit of a full-time registered pharmacist or competent person.
- If employed, a letter of appointment from a registered pharmacist or competent person. All the documentation must be proper and in the required format.
How To Apply For The Wellness Forever Franchise?
Many ambitious young people hope to start their career in this industry due to the good scope and opportunity. Still, many are confused about getting a Pcd pharma or do not know how to start a pharma franchise business. Wellness Forever franchise enquiry will help you understand the need to open the franchise.
Many firms are entering the pharma market, so when it comes to advertising its pharmaceutical company and PCD Pharma, you may have noticed many on the internet or in drug magazines, yearbooks, and medical journals, which is making it more difficult for pharma distribution so Wellness Forever franchise investment is a major scope here.
One can apply for Wellness Forever Franchise by checking out their website, which has a specific page for those interested in this business. One can contact them through the phone number and email id mentioned on their web page to discuss more about the opportunity and how to apply for it.
Pharma Product Availability
This should be your first step in starting a pharmaceutical company or PCD Pharma. It has become very usual for pharma companies to show product lists online. Before paying any pharma company, make sure that all products they claim are available to you. If not, inquire as to whether it is temporarily unavailable or if it is not manufactured.
Payment Conditions
Depending on the organisation you choose, the company may refuse to provide you with a job if you do not meet the conditions, so make sure you clear all of your credit and resolve any payment difficulties first. You might begin with an advance payment, but get everything in writing regarding credit.
Also Read: Which Are The Most Profitable Franchises in India?
Pharmaceutical Sales Goals
Make certain that the company does not pressure you to meet any goals or to accept any conditions that are not necessary for you in any situation. It is critical for you and your organisation to have a good relationship to succeed without losing money. Also, try and understand the requirements of GST on medicines which can impact the overall profitability of the business.
Conclusion
The organisation has moved into the healthcare segment, constantly evolving and recession-proof. A strong revenue guarantee is provided by Wellness Forever's unique "Way of living 24x7" format, which is the first time in a long time that a combination of a chemist and a lifestyle store has been implemented. As a hallmark of a well-known and trusted chemist and lifestyle store brand, prompt acknowledgement and rapid scaling up are essential. The year 2008 saw the establishment of Wellness Forever Medicare Pvt . Ltd. As the organisation is being advanced by all-around experienced and productive business visionaries from the healthcare industry, one can be assured of obtaining the success formula in the shortest possible time. To be successful, advertisers must have one thing in common: "Business with a human touch." A well-proven course of action with tremendous long-term upside potential. You can easily find a franchise in your area. All that is required of you is to thoroughly review all of the terms and conditions before selecting a franchise.
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