Thursday, August 15, 2013

How Much Investment required to open one Medical Store? and 2013-05-16 Russell Investments Center

How Much Investment required to open one Medical Store?



Hi,
How much investment is required to open one Medical store in a small town. How to get a license to open one store. How much margin and risk in this business.

Pravat


Investment best answer:

Answer by vodarevu 1944
The investment varies from town to town
Please consider the following
The Town you want to set up this store
The location in the town
The rent you have to pay
The cost of the stock you want to have
The payments to other staff

The license one has to get this from different sources like municipal corporation. Govt bodies,commercial offices etc
Go and ask any medical store owner and they will advice you

The margins of profits are good(about 20 to 40% depending on the products you sell)
I feel an investment of about Rs 2 laks will cover most of the intial costs

Be careful and do you back ground search well
Good luck


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2013-05-16 Russell Investments Center
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2013-05-16 Russell Investments Center



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