Before joining any company there are multiple queries that comes up in mind which are very common for our clients. On the basis of the queries we frequently receive, here are the responses listed below you would wish to refer:-
1.) what are the documents required to apply for franchise?
- Drug license copy (wholesaler/retailer)
- TIN / CST copy (Tax Identification Number or Central Sales Tax Number) issued by govt.
- Transport Road Permit (if applicable)
2.) Who will be responsible to market the products?
- Marketing/Selling of products you will be managing on your own; while company will provide you promotional material for marketing support as given in offer letter.
- All the marketing & distribution is done by you. Company will not be providing medical representative or any kind of training.
3.) What will be the minimum amount of investment? Any franchise deposit/ shop or space required?
- As per company norms you don’t need to deposit any amount to take franchise but there is minimum amount of 25000/- required to start your business, for this 25000/- you will get products & other promotional materials.
- Even there is no compulsion to open up a shop or take a specific area from company’s side. That is totally depend on your choice.
4.) Expiry or damage of products?
- From company’s side you will get long expiry products (i.e, after twelve months expiry or even more) but company will not accept any products that is sold out unless there is any quality related issues. Also, company will not provide any claim on damage that occurs in transit; concerned transporter will be responsible for the same.
5.) What will be the percentage of taxes charged on invoice?
- There is a provision of 2% CST on invoice against C- form, only if consignee assures to give C- form of every quarter along with C- form deposit; otherwise company will charge 5% CST on invoice, in that case C- form is not required.
6.) Who can apply for pharma franchise?
- Doctors, Chemists, Medical Representative, Medicine Wholesalers, Retailers, or any individual who has experience in pharma industry of more than 5 years.
7.) Why pharma franchise is better than doing job?
- You can be the sole owner of the company & not just an employee working under some manager.
- Huge profit margin.
- Immense growth that depend on you how well you take your business.
- Solely responsible for decision making.
8.) Is there any sales target?
- Company will give you certain sales target on the basis of your chosen area, district or territory, that you have to achieve on an average monthly or quarterly. This is the criteria that need to fulfill in order to get monopoly rights.
Most of the queries we have covered but if there is any other query that you want to ask, feel free to reach us at 9825965521 / 9824382041.