How to start a medical store in Pakistan

[Egoistic boy]

Hi all,

I want to start a medical store in Pakistan, I have done research about a good location and infrastructure costs, I just want to know about earning potential and estimated per month costs to get this business started, I want to start a medical store in Pakistan that would have complete range of medicines .

And do anyone have idea about how to also run an online medical store from the same brick and mortar store?


Your suggestions would be highly appreciated.

 

[aizad]

I have done research about a good location and infrastructure costs

Just want to add this information here for the benefit of other users and for you to understand the basics about the characteristics of a good location

Pharmaceuticals and drugs is a regularly developing business, all around. In Pakistan, there's a regularly expanding deficiency of restorative supplies. The proposed venture is a well-assembled restorative store with the majority of the item run in stock for deals. The proposed Size of the restorative store ought to be around 750 sq. feet. The proposed venture depends on settled pharmaceutical retail chains of Pakistan.
This wander involves setting up a Medical Store in huge urban communities of Punjab i.e. Lahore, Rawalpindi, Faisalabad, Multan, Sialkot, and so forth. The outlet would be situated in business markets of center to upper center pay amass local locations, facilities and clinics. The item run offered in the proposed Medical Store is a mix of both multinational and national organizations' items and general items (Food Supplements, Toiletries, Shampoos, Soaps and Diapers (sterile napkins). The proposed medicinal store will stay open for 16 hours (2 movements of 8 hours each).

A medicinal store ought to be effectively available and ought to have impressive populace focus. It is recommended that the outlets might be opened in the huge urban areas of Punjab i.e. Lahore, Faisalabad, Multan, Rawalpindi, Sialkot, and so forth. Be that as it may, particularly this prefeasibility ponder proposes any appropriate area in Lahore.
The real target showcase for this store are the general population living in center, upper center and privileged neighborhoods in the region of the therapeutic store.

 

[Admin]

I have read about this in one of the documents of SMEDA. And i think it can vary depending upon your medical store and location.

The total initial project cost for setting up a single outlet is estimated at Rs. 5.99 million out of which Rs. 2.16 million is capital cost and Rs. 3.83 million as working capital. The project is proposed to be financed through 50% debt and 50% equity. The project NPV is projected around Rs. 3.73 million, with an IRR of 28% and payback period of 4.16 years. The legal business status of this project is proposed as ‘Sole Proprietorship’.

 

[Dr Arslan]

Some great information is already given by other members, I just want to add some factors that can help to improve the sales of medical store

Some of the Key Success factors that will determine the success of this project include:

• Availability of complete product range.
• Availability of regular medicine supplies.
• A well trained Pharmacist.
• Reasonable and competitive prices.
• Inventory control to avoid any pilferage

 

[Admin]

@Egoistic boy I have found something for you read this attached feasibility report by Smeda, this includes answers to most of your questions.

Link to the feasibilitty report for starting a medical store in Pakistan ---->>> Link