Are you looking for a Pharma retail franchise? Starting a Generic Aadhaar franchise will be the best option and would conclude your research to own one.
In this guide, we’ll dive deep in to Pharma industry growth prospects along with the Generic Aadhaar business with capital requirements, fee, profit, and step-by-step guidelines to get this franchise – and answer some common questions about this franchise.
Franchise Fee: Rs. 1lacs +GST
Space required: Min. 80-100 sq. ft.
Profit Margin: 40%
Net Profit: 18-20%
Total Initial Investment: Rs. 3-5 lacs
Understanding the Pharma Industry Growth Prospects
We are all aware of the value of medicine in our lives, yet occasionally the prescription drugs we receive from our doctors are prohibitively expensive. To overcome this issue, Generic Aadhaar pharmacies came into the picture.
The pharma industry has experienced a tremendous growth in past few years, that was partly driven by recent CoVID 19 Pandemic, aging population, irregular eating habits, and Unhealthy lifestyles. As per NITI Aayog estimate, the indian pharmaceutical industry will reach a valuation of surpass US 120-130 billion dollars by 2030.
According to pharma industry valuation, India is one of the leading and largest suppliers of generic medicine. As per rough estimate, around 80-85% of prescribed medicines are generic.
To read more about the growth prospect of pharma industry, please read the article published on TATA 1MG Franchise.
Generic Aadhaar Snippets
Generic Aadhaar is one of India’s leading and fastest-growing pharma companies, known for offering a range of medicines at affordable prices. By providing better support, proven marketing strategies, and more than a 40% profit margin on its products, they have established itself as a prominent player in the industry and enabled them to acquire a significant market share in no time.
They are renowned for providing High-Quality medicines(Over 1000 products) at up to 80% discount from manufacturers to end customers, directly eliminating all the costs of a middle chain such as marketing, distributor, stockist, supply chain, etc.
The Chain shares a strong franchise network of more than 1500 medical stores handled by 1500+ microentrepreneurs across 200 cities in India. Their expansion plan in neighboring countries has created an opportunity for interested applicants to start this franchise near their hometown.
The journey started with the primary goal of serving affordable medicines, and as a result, a Generic Aadhaar went from nowhere to a Valuation of Rs. 500 Crores. – Generic Aadhar journey
Please continue reading if you are passionate about the Pharma Industry franchise & this little snippet about the Generic Aadhaar chain and pharma Industry growth prospects of India excites you.
We will offer comprehensive and well-researched information regarding the Generic Aadhar chain, along with its price, fees, profit margin, and—most importantly—the reason “Why” you need it.
Table of Contents
Overview of Generic Aadhaar Franchise
Founded in 2018 by Arjun Deshpande, with a solo mission to offer quality and affordable medicines, Generic Aadhaar is one of the leading and fastest-growing pharma chains in India. They have a wide presence of more than 1500 outlets across 200 cities in entire India.
Few of their promising features are mentioned above(In snippet section).
With further expansion plan in neighboring countries like Sri lanka, Nepal, Bangladesh, Bhutan, UAE, and Myanmar, would create a tremendous opportunity for interested applicants to own this franchise near their hometown(In or Outside India).
Some of the products that Generic Aadhaar caters to its consumers are listed below,
- Diabetics Medicine
- Pain-relief Medicine
- Thyroid Medicine
- and several other generic medicine
To know more on product offerings, please visit their official website.
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Why Consider Owning a Generic Aadhaar Franchise?
Owning a Generic Aadhaar pharmacy franchise would definitely benefit its franchisee unit holders in numerous way. Some of the major reasons to own this franchise is listed below,
- Flexible and Affordable business model: The franchise offers a flexible and affordable business model, which charges only Rs. 1lacs + GST as their franchise fee to set up an outlet for you.
- Edge over its competitors: The chain deals primarily in generic medicines that account for over 80% of total pharmaceutical sales. To gain an edge over its competitors, it offers over 80% discounts from manufacturers to end customers and a 40% fixed profit margin on its entire product range of generic medicines.
- Value-driven startup: Generic Aadhaar chain is a value-driven startup that offers medicine at a lower price. Due to its bold mission, affordability, and scalability, the franchise has expanded its unit to multiple locations.
- End-to-End Support: The franchise provides comprehensive assistance for establishing an outlet from the ground up till its opening. Even in times of need, they continue to offer service.
- Branding and Promotion: Generic Aadhaar chain offers extensive branding and promotional programs, including T-shirts, Stickers, Vinyl boards, and other necessary details, enabling the franchisee owner to gain a significant customer base and build a loyal customer base.
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How much does Generic Aadhaar Franchise Cost?
The franchise cost is relatively low, considering the development potential and brand value. As per the franchise report, its requires only a one time franchise fee of Rs. 1lacs + GST.
Some of the major cost involved in setting up a Generic Aadhaar outlet,
| Essentials | Cost and Other Descriptions |
|---|---|
| Space Requirement/ Floor area | Min. 80-100 sq. ft. |
| Franchise Fee | Rs. 1Lacs + GST |
| Profit Margin | Approx. 40% on its entire range |
| Total Investment | Approx. 3-5 lacs |
Hence, as per our estimate, Generic Aadhaar franchise cost in India would be approx. Rs. 3-5 lacs(Including franchise fee, Stock, Rent deposit).
Note: The franchise fee must fee transferred in Swasthya Lifescience Pvt. Ltd only.
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How much is Generic Aadhaar Franchise Profit?
The profitability is one of the major factors that offers complete insight of an business. As we say, money is the key motivation behind every business(except for few).
According to the franchise report, One can anticipate a gross profit margin of 40% on its entire range of medicines. However, after all cutting down all expenses such as Rent, staff salary, electricity bill, transportation, and other expenses, one can churn a net profit of 18-20%.
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Generic Aadhaar franchise Support
Being a renowned pharma brand, the franchise does provide an extra level of support to its outlet owner that helps them to run and manage the outlet hassle-freely.
Some of their supports are mentioned below;
- Exclusive Generic Aadhaar brand name.
- Complete range of Branding Materials Including,
- ACP Grand and Letter Board
- Sticker branding
- 2000 pamphlet for distributing in local areas
- 4 T-shirts
- Pharmacist Apron
- 4 pc Danglers, 4 pc Tent card, 500pc Paper bag
- Customized Billing software and necessary support.
Documents required for Generic Aadhaar franchise
- Drug License Copy(FDA Retail License)
- Electric Bill
- Pan Card Or GST Certificate
- Aadhar Card copy of authorized person
How to Get Generic Aadhaar Franchise?
To get a Generic Aadhaar franchise is quite simple, one has to simply visit their official website and fill up the required form for same. However, The highlighted link would take you to the franchise partner’s page.
You are request to fill up the details like Name, phone number, email address, state, and current profession.
After submission of form, somebody from the franchise team would reach you via. call/Email, that’s when your franchising journey starts.
Official Details of Generic Aadhaar franchise
| Generic Aadhaar franchise Contact Number | West India: +91 85913 11215, North India: +91 86579 60947, East India: +91 96533 73641, South India: +91 93213 57292 |
| City Master Franchise | +91 9653373639 / +91 96533 73636 |
| Email Address | info@genericaadhaar.com |
| Generic Aadhaar Franchise address | 8th Floor, 803/804, Dev Corpora, Eastern Express Highway, Cadbury Junction, Service Road Khopat, Thane (West) : 400601, Maharashtra |
Good Luck!! Happy Franchising!!
Conclusion
Started in 2018 by Arjun Deshpande, Generic Aadhaar is one of India’s leading fastest-growing pharma chains. The rapid expansion of this chain is party due to its solo mission to make medicine affordable and accessible.
Some of their prominent offerings include best-class generic medicines at a relatively lower price. As per the latest report, the franchise has a wide presence of more than 1500 outlets run by over 1500 entrepreneurs across 200 cities in India.
It also has a franchise program where one may obtain ownership for a little one-time charge of Rs. 1lacs + GST and begin making money right away. The franchise offers a profit margin of 40% on its entire range of products and an 80% discount from manufacturers to end customers.
Considering its domestic and international growth prospects, profit margin, and expansion plans, owning this franchise would undoubtedly be beneficial.
That’s it from my side. Friends, I sincerely believe that my guide on “How to Start a Generic Aadhaar Franchise – Cost, Fee, & Profit” was quite extensive, helpful, and educational, but if you’d need more details, you can check out the franchise’s official website. If you like this piece, kindly let me know by leaving a comment and spreading the word to as many of your friends as you can; Your comments offer us more inspiration to keep producing high-quality material for you. Many thanks.
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FAQ
How much does it cost to start a Generic Aadhaar franchise?
Ans: Owning a Generic Aadhaar franchise would be relatively more affordable than others. To get a Generic Aadhar franchise in India will cost you a franchise fee of Rs. 1lac +GST.
Is Generic Aadhaar franchise profitable?
Ans: Yes, definitely! Generic Aadhaar, a well-known chain that offers a franchise program at a low cost and offers higher profit margins in exchange, is certain to be profitable for its unitholders.
Based on the franchise report, one can anticipate a net profit margin of 18-20%.
How to get Generic Aadhaar Franchise?
Ans: To get a Generic Aadhaar franchise, one has to follow the steps provided in this article. These step-by-step guides will help you in getting this franchise.
Process:1 Navigate to the official website>> Fill up the required details and submit the form.
Process:2 Directly call the franchise team(please check the Official detail section of this article).Once you submit the franchise form with the required details, somebody from the franchise team will contact you for further processing. The entire process will last for 15-20 days.
How much does a Generic Aadhaar franchise owners make?
Ans: As the franchise offers a fixed profit margin of 40% on its entire range of products, One can anticipate a Gross profit margin of 40% and a net profit margin of 18-20%.
