People are becoming more health-conscious today. The same is the situation in Malaysia and they are now not as ignorant as before when it comes to supplements and medicine.
Venturing into pharmacy
Pharmacies have become good income opportunities in recent years because there is a growing demand for such services. As people become knowledgeable about health, they know where to go to buy their medicine and health supplements.
That is where you can tap into this ever-growing market with a strong pool of customer-base. Constant Pharmacy provides you with a good business opportunity as it has a strong brand image and proven track record.
An established name in pharmacy business
Constant Pharmacy has been around for about 20 years now. It is a government-linked brand which enjoys support from Bioalpha Holdings Berhad. To date, it has grown to more than 13 outlets mostly around the Klang Valley.
Since 1997, it has been maintaining a computerized database of the patient’s medical history which was the first pharmacy chain in the country to do this. Besides that, it offers medicine dispensaries and other healthcare products and services too.
A good unique selling point
As it is affiliated to ANGKASA or Angkatan Koperasi Kebangsaan Malaysia Berhad, Constant Pharmacy has a loyalty program that connects to up to its 8 million members around the country. This is a very good platform for this brand in terms of revenue.
What do our experts say?
The pharmacy business is competitive but it is consistent with customers. Supplements and health products are always in demand and once you have established a strong customer base, they will return for repeat purchases.
- Brand Reputation – Good among its target segment.
- Initial Capital – Medium level for a pharmacy business that starts at around RM130,000.
- Franchise fee: RM50,000
- Royalty Fee: 10% of gross profit or RM2,500 whichever higher but not more than RM5,000.
- Return on Investment – Can be within the first year for breakeven as capital is not very high.
- Location – Shop lots around residential areas will be suitable.
- Customer Segment – adults, families.
The Final Word
This business opportunity can be considered if you have a passion for health-related products. It is an ever-growing and stable market and you can be almost guaranteed of repeat purchases. That is what makes it unique.
You need to have certified pharmacists in order to operate this business. Hence, if you are one, then you can seriously consider this option as it is minimal entry cost, has an established brand and good income revenue too.
