What Are the Requirements for Taking a PCD Pharma Franchise?

Are you planning of taking up PCD pharma franchise? Want to know the basic requirements for taking PCD Franchise from a best Pharma franchise company? The Pharmaceuticals industry is rapidly growing sector globally. With advancement in science and technology the demand of medicines is also increasing day by day.

The Pharma Franchise and PCD Pharma Franchise are almost similar except the part PCD is the busiess which requires less investment but Pharma franchise works on larger areas and involves large investment. So before joining hand with best pharma Franchise Company, you need to know about the requirements to taking PCD pharma franchise.

Required Qualification and Experience for Pharma Franchise

For every business experience and qualification are basic requirements. PCD business model is suitable for those who have good marketing experience in pharmaceutical market except fewer qualifications but have good network to achieve sales target.

Experience can take any business to heights in less time a Pharma Franchise company usually looks for two things:

• Minimum experience of 3 to 4 years in sales and marketing field of pharma products. It is good if it is done in a reputed Pharmaceutical Company.
• PCD Companies not ask for much qualification but some may ask with a minimum SSC or 12th done from a recognized board in some cases graduation is required.

Registration Documents assigned For PCD Pharma Franchise

Pharma business is directly related to people lives therefore pharma industry is very strict for their rules. It is mandatory to complete the registrations and various licensees in order to get PCD pharma franchise from a Pharma company. There are multiple documents which are required to submit for taking PCD pharma franchise:

• Drug License Number: Change from state to state Rs 5000 .
• (TIN) Tax Identification Number: Rs4500.
• Per year re-registration cost Rs 100 for Food Safety & Standard Authority of India (FSSAI).
• About Rs8000 to Rs9000 for registration of Private Limited Company.

Investment Requirements to Be Fulfilled By You

Investment is very important part for starting a business. The required investments are depends upon the pharma franchise company. Minimum investment starts from Rs 10, 000 to as far as 3 to 4 lakhs.

PCD business is a small form of pharma franchise business offers small scale medicines and drugs service. No doubt it is a low investment plan offered by many pharma franchise companies across Pan India but you should have at least 1lakh at initial state till the business becomes smooth.

Other Requirements

There are also some other requirements a for Pharma Franchise business thet are need to be fulfilled which are as follows:

• You should have a warehouse for storage purpose.
• Workers are required like store keeper, help boy, delivery boy etc.
• You must have your business strategy which involves marketing plans, sales targets etc.

Vacant Monopoly Right

Monopoly rights refer to making your business less competitive in particular area or geographical location. In this Pharma PCD company offers monopoly rights to their PCD franchise partners with an agreement. If you want to get the monopoly right then it is better to look for the vacancy in the area of your interest.