DavaIndia is a standout name in generic medicine retailing in the rapidly developing Indian pharmaceutical market. DavaIndia was started with the aim of providing low-cost but effective health care to the people and DavaIndia is changing the way Indians access medicines. It has emerged as one of the largest discount generic pharmacy chains in the country providing efficient and economical services without compromising on quality.
In this, we will discuss the DavaIndia Franchise’s initial investment, profit potential, requirements, documents, and how to apply for a franchise.
Table of Contents
About DavaIndia
| Company Name: DavaIndia |
| Founded By: Dr. Sujit Paul |
| Established Year: 2017 |
| Headquarters: Udhna, Surat, Gujarat India |
| Buisness Sector: Retail Pharmacy Sector |
| Number of Outlets: Over 650 outlets |
| Official Website: DavaIndia |
DavaIndia is an important initiative of Zota Healthcare Ltd which is one of the prominent companies in the Pharmaceutical Industry. Since Day One, the brand has been trying to fill this gap in respect of affordability in medicine by promoting the sale of Generic drugs which are much cheaper than branded medicines. DavaIndia operates with the vision of bringing more truly affordable healthcare to more people, especially in a country like India where medical care can be very costly.
DavaIndia has expanded rapidly in the past few years and now has over 650 Franchise Outlets throughout the country making it one of the fastest expanding pharmacy chains in India. Also, its product offering is more than medicines, wellness products, health supplements, cosmetics, OTC products, and many more to serve the diverse needs of its customers.
Key Details of DavaIndia Franchise
| Brand Name: DavaIndia |
| Industry: Pharmaceutical Retailing |
| Franchise Fee: 2 lakhs |
| Franchise Cost: 10 to 12 lakhs |
| Royalty Fee: 4% to 8% of monthly sales |
| Profit Margin: 15% to 30% |
| Franchise Agreement Term: 5 years renewable |
| Space Required: 300 to 500 sq ft |
| ROI Timeline: 18 to 24 months |
| Franchise: Apply Here |
Products offered by DavaIndia
DavaIndia has become a pioneer in developing a wide range of products for different healthcare and lifestyle requirements.
| Generic Medicines: A good substitute for branded medicines sold at much lower prices. |
| OTC Products: Health additives, analgesics, cold and flu preparations as well as digestive aids. |
| Ayurvedic and Herbal Products: Organic remedies for day-to-day ailments. |
| Cosmetics and Personal Care: Products for skin, hair and sanitary conditions |
| Ayurvedic and Herbal Products: Organic remedies for day-to-day ailments. |
This large variety of products confirms that DavaIndia is not just a chemist shop but an all-in-one shop for health and wellness.
How Much Does the DavaIndia Franchise Cost?
Venturing into the pharmaceutical retail industry through DavaIndia’s services and help is sort of a low investment. The overall cost of starting up the company usually is around ₹10 Lakhs to ₹12 Lakhs which comprises of the following:
| Franchise Fee | 2 lakhs |
| Infrastructure Investment | ₹4 Lakhs to ₹5 Lakhs |
| Initial Stock | ₹2 lakhs to ₹3 Lakhs |
| Equipment Costs | 1 lakhs to 2 lakhs |
| Additonal Cost | 2 lakhs |
| Working Capital | 3 lakhs |
| Royalty Fee | 4% to 8% of monthly sales |
| Franchise Agreement Term | 5 years renewable |
| Total Investment | 10 to 12 lakhs |
Franchise Fee: In simple terms, this is around ₹2 lakhs where you receive the permission to operate with the brand DavaIndia.
Infrastructure Investment: Approximation of around ₹4 Lakhs to ₹5 Lakhs for the store set up, interiors, furniture, and fixtures.
Initial Stock: Starting stock for stocks like medicines, wellness products, and many more is around ₹2 lakhs to ₹3 Lakhs.
Equipment Costs: Roughly around 1 lakhs to 2 lakhs for shelving, billing systems, refrigerators (for cold medication), etc.
Working Capital: To cover the daily expenses franchisee requires a working capital of 3 lakhs.
Royalty Fee: The brand charges royalty fees of 4% to 8% of monthly gross sales to provide marketing, advertising, and ongoing support.
Franchise Agreement Term: The Franchisee can work under brand support for up to 5 years with a renewable option.
Thus, one would be able to comprehend that such a low investment need makes DavaIndia a great prospect for anybody aspiring to be an entrepreneur in the field of healthcare and business.
DavaIndia Franchise Profit Margin and Return on Investment (ROI)
| Profit Margin | 15% to 25% |
| ROI Timeline | 18 to 24 months |
DavaIndia provides its franchisees healthy profit margins ranging between 15% to 30% on generic medicines and other products, since the price of these over-the-counter products is much cheaper as compared to branded ones, it sustains a decent number of customers and sales.
The estimated ROI period is 18 to 24 months and may be affected by one or more factors such as the location of the business, the volume of customers, and how well the operations are managed. Furthermore, the brand’s reputation and the rising quest for cheap healthcare services also add to profitability.
Space Requirements
There are set space requirements that all DavaIndia franchise stores must meet for the brand to be on par in meeting standards and maintaining optimal customer service:
| Minimum Area: 300 Sq. ft. |
| Maximum Area: 500 Sq. ft. |
The following layout needs to be able to handle:
| Product Display: Adequate shelving for the display of medicines, OTCs, and wellness. |
| Storage: A secure temperature-controlled environment for the sensitive materials. |
| Customer Interaction Area: The appropriate automated clearing house for customer inquiries and billings. |
Benefits of DavaIndia Franchise
There are several benefits associated with owning a DavaIndia franchise such as:
Low-Cost Business Model: The franchise system’s low investment requirement allows persons with moderate capital to be entrepreneurs.
Strong Brand Recognition: One’s business can obtain the goodwill of a reputable pharmaceutical company.
Operational Support: Providing all-around training programs for franchise owners and staff members to assist in the running of the operations.
Marketing Assistance: Availability of advertising campaigns, net marketing, and in-store promotions.
High Demand: Continual client base owing to the rising demand for inexpensive healthcare products and services.
Product Diversity: More products facilitate greater prevalence and more sales.
Documents Required for DavaIndia Franchise
In order to get a DavaIndia franchise, potential franchisees have to provide the following documents;
| Franchise Agreement: The signed document which delineates the terms, rights, and obligations of the parties. |
| Identity Proof: A scanned copy of a PAN card, Aadhar card, or any other government ID. |
| Business Registration Documents: GST registration certificate, business license, and any local or internal, or foreign company’s business approval copy. |
| Financial Statements: Any proof which can ensure a financial stage capability, e.g. bank statements, income tax returns, etc. |
| Business Registration Documents: GST registration certificate, business license, and any local internal, or foreign company’s business approval copy. |
How to Apply for a DavaIndia Franchise?
There is an easy way to obtain a DavaIndia franchise;
Visit the Official Website: Find the official website and head over to the franchise inquiry sections
Submit Application: Provide postal address and the intended franchise site location and name and contact numbers in the online application forms.
Document Submission: Upload scanned images of the papers requested.
Evaluation: Once the applications are submitted the DavaIndia team will evaluate the application documents for approval and check if the intended site has scope or not.
Approval and Agreement: Once approved, sign the franchise agreement and pay the fees of the franchise.
Store Setup: Moving forward without any delay, start setting up the store under DavaIndia’s support team’s supervision.
| Official Website | DavaIndia |
| Franchise Application | Apply Here |
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Conclusion
The DavaIndia franchise is a good chance for entrepreneurs who are willing to be part of the fast-expanding healthcare system in India. DavaIndia is a profitable business that requires a small capital investment, boasts high profits, and provides extensive operational assistance. By providing low-cost and high-quality healthcare products, franchisees not only become financially successful but they uplift the health status of the people in the regions they operate.
If you’re looking to start a venture that is sustainable and has an impact on society, DavaIndia could be the right fit for you.
FAQs
What is the average cost of establishing a DavaIndia franchise?
The average total investment is estimated to vary between ₹10 – ₹12 lakh which includes all the supplies, inventories and general expenses.
How long does it take to recover the cost with a DavaIndia franchise?
Franchisees will expect to earn back their investments, largely within 18 to 24 months, whereby factors like location and productivity of operations play a very crucial role.
What support does DavaIndia provide to the franchisee?
DavaIndia also supports in training, marketing, and giving insight into the operations helping them assist the franchise effectively.
What is the profit margin for a DavaIndia franchise?
The profit margin usually lies in the range of 15-30 % depending on generics and other items.
What are the space requirements for a DavaIndia Store?
A DavaIndia Store would typically need an area of about 300 to 500 sq. feet, of which space for display of products for sale display, storage, and customer engagement.
Can I open a DavaIndia franchise in a rural area?
Yes, DavaIndia can open a franchise in rural regions where there is a market for low healthcare services. However, DavaIndia in its franchise handbooks also leaves it to the discretion of the DavaIndia teams to assess the local areas.
What is the franchise fee of DavaIndia?
The franchise fee for DavaIndia is around ₹2 lakhs to acquire the rights to open DavaIndia outlet.
How can I contact DavaIndia for franchise inquiries?
You can visit their official website at https://www.davaindia.com and fill out the inquiry form or use the contact details provided on the website.
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