What is a good location for a pharmacy?

The most viable location for a community pharmacy is in a heavy residential area or junction. Most of such locations are places where low income earners live. There are always going to be customers. They may not have a high purchasing power but will always come in to take care of their health.

Which degree is best to open a medical store?

One of the major requirements for opening a medical store is to be qualified and secure a Pharmacy License. For the person to open a medical store and be a qualified pharmacist, they need to secure the degree of B. Pharm or M. Pharm.

How will you select an ideal spot for starting your retail medical shop?

The location for the medical shop is of prime importance and needs to be selected based on several factors. Close To Hospitals- the main requirement for medicines is in a hospital or clinic. So it is best to look for space for the shop close to them in order to ensure higher footfall and greater sales.

How do I start a pharmacy retail store?

The following are minimum requirements for obtaining drug license or starting a pharmacy in India:

1. Area: The minimum area of 10 square meters is required to start a medical shop or pharmacy or wholesale outlet.
2. Storage Facility: The store must have a refrigerator & air conditioner in the premises.
3. Technical Staff:

How much does a medical shop earn?

Average starting Salary for Medical Store in India is around ₹0.1 Lakhs per year (833.3333333333334 per month). No prior experience is required to be a Medical Store. What is the highest salary for a Medical Store in India? Highest salary that a Medical Store can earn is 4.6 Lakhs per year (38.3k per month).

How can I open a medical store?

You’ll need a rental agreement or/and Ownership proof of premises with a minimum area of 10 square meters to start a medical shop business or pharmacy business or wholesale business. In case, the pharmacy store combines retail and wholesale, a minimum of 15 square meters is required.

How can I open a retail medical store?

Before applying for registration of business, the individual should fulfill the following requirements:

1. Pharmacy Licence.
2. Land Registration:
3. Registration of Medical Store Business:
4. Company Registration :
5. Shop and Establishment Registration/ Gumasta Registration :
6. Tax Registration.
7. Registering for Drug License.

How can I open a medical shop?

Is medical store business a good business to start in India?

The medical store business is a good business to start in a country like India since the business profit margin is quite high. Another positive thing about the medical business is that it does not get easily affected by economic crisis.

What is the procedure to register a medical store in India?

Indian Pharmacy Act, 1948 governs the registration of medical stores in India. The Act states that the medical stores and pharmacies must register with all their particulars to the state government. Post submission, a registration tribunal shall decide on the matters pertaining to it.

What is the procedure for opening a medical store?

The Act states that the medical stores and pharmacies must register with all their particulars to the state government. Post submission, a registration tribunal shall decide on the matters pertaining to it. Here constitution of the business of the medical store is important.

How to start a grocery store business in India?

To start a best grocery store in India, you will need to have your grocery store business GST registration done. You will get a GSTIN, which is a 15 digit code number or a unique GST identification number. Registration is compulsory only if your annual business turnover crosses a specific number.