Is medical shop business profitable?
The profit margin in opening up a medical shop varies from 20% for brand, and for generic drugs it maybe as high as 1000% or more on MRP. ... Carrying out a business analysis of the locality is important in order to get a better idea of profit margins in the area.
How can I start a medical store business?
Before applying for registration of business, the individual should fulfill the following requirements:
- Pharmacy Licence. ...
- Land Registration: ...
- Registration of Medical Store Business: ...
- Company Registration : ...
- Shop and Establishment Registration/ Gumasta Registration : ...
- Tax Registration. ...
- Registering for Drug License.
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