Since you are more interested in getting a pharmacy license, I refined
my search mostly to that. Moreover, getting the average sale price of
the pharmacy, according to the people I spoke with, purely depends
about the reputation of the pharmacy (location, years in business,
stock, referral doctors).
Pharma Biz India (http://www.pharmabiz.com) is a publishing house
which specializes in Indian pharmacy business. You need to subscribe
to the website to access the resources available there. Subscription
cost is 200 USD. Most of your queries related to Indian Pharmacy can
be found in this website after you subscribe.
I spoke to them about the procedure for getting pharmacy license and
here is what the person there informed me:
?Getting a pharmacy license is pretty simple, you don?t need to hire a
consultant or lawyer if you are doing this on a small scale. You have
to visit the Maharashtra FDA and apply for the license with some
documents like Pharmacy certificate of the person (usually a bachelors
degree in pharmacy recognized by UGC (University Grants Commission)
India), there is some nominal fees of about 500 Indian Rupees.
Thereafter FDA shall conduct some verification viz. visiting the
place, checking the credentials of the person. This procedure can take
about a month or so.?
The head quarter of FDA is situated at :
Survey No. 341,
Bandra- Kurla Complex, Bandra (east),
Mumbai -400 051.
Tel - +91-22-6592361-65, +91-22-6592123, +91-22-6592149
Fax - +91-22-6591959
Email - firstname.lastname@example.org
They have a website http://www.fda-mah.com which has information about
various activities of the organization.
***Consultants and Advocates dealing in getting Pharmacy Licenses:
1) Shaheen Khan: Tel: 00919223344053
Office Address: 321, Vyapar Bhavan, 49, P. D'Mello Road, Carnac
Bunder, Masjid East, Mumbai ? 400009
2) RADHA PHARMACY,
Address Madrecha & Co. SmrutiPark,Pada No.2 Yash, Thane (w), Maharashtra
You may also take a look at
http://members.tripod.com/~vakarts/pharminn.html which is a monthly
newsletter covering media information about Indian pharmacy industry.
They also have a ?Quarterly Financial Results of Pharmaceutical
Companies in India? which you might be of interest to you.
1) Organisation of Pharmacutican Producers in India: http://www.indiaoppi.com/
2) The Indian Pharmacutican Association: http://www.indianpharma.org/
3) Indian Drug Manufacturers? Association: http://www.idma-assn.org/
4) Chemists in Mumbai:
5) Pharmaceutical: Equipment Manufacturers:
6) Indian Exporters, Manufacturers & Suppliers (Pharmaceutical, Bulk
Drugs, Medicines & Raw Materials)
7) Express Pharma Plus (A Weekly for Pharmacutical industry)
It was not practically feasible to get an average selling price for
pharmacies since people whom I called resisted answering about that. I
however talked to a few people about this and according to their
estimates it should range from 500000 INR (about 10,794 USD) to
2000000. As I mentioned in my Question Clarification earlier, larger
profitable pharmacies would normally be not interested in selling
their business. There may, however, be cases where the sale price may
be cheaper for ?sick-units? or pharmacies closing their shop. That
can, however, be ascertained only after doing an exhaustive research
on that, which would include doing a survey of small pharmacies and
then, communicate with each individually and eventually negotiating
the business offer.
***Research strategy employed:
?Indian pharmacy consultants?
?pharmacy trade? mumbai India
mumbai drug stores
Checked Local Phone Directory for pharmacy related listing from where
I got the address of Pharmabiz.com.
I also talked to few people who are from pharmacy field.
As always, I welcome any clarification or more information that you
need about the topic.
Google Answers Researcher