Pharmacy franchise business plan and costs

A pharmacy franchise business plan should outline key aspects like investment, revenue projections, market research, and operational details. The initial investment typically ranges from ₹20–30 lakhs, covering franchise fees, store setup, inventory, and staffing. Franchise fees are usually between ₹2–5 lakhs, depending on the brand, while store setup costs for interiors, fixtures, and signage can range from ₹10–15 lakhs. Inventory costs vary but often require ₹5–10 lakhs to stock essential medicines and health products.

The plan should also account for royalty fees (5-10% of sales) and marketing contributions, which are usually part of the ongoing operational expenses. A successful business plan also includes strategies for attracting customers, managing inventory, and maintaining high service standards. Furthermore, franchisees should ensure compliance with local health regulations, obtain necessary licenses like the Pharmacy License, and establish efficient supply chains for smooth operations.