Pharmacists are highly-qualified individuals with great people skills and a desire to help others. The majority of income for a pharmacy franchise comes from NHS prescriptions, with significant secondary trade in over-the-counter medicines for minor ailments.
Community pharmacies are the heart of local life: dispensing medicines; giving confidential, informed advice; and understanding and catering to the needs of local people.
Pharmacist franchises sell over-the-counter medicines as well as prescribed drugs while offering a wealth of other wellbeing products such as vitamins, chiropody products, creams and tinctures, and general toiletries and make-up.
Pharmacists are qualified to give health and nutrition advice while suggesting over-the-counter products for minor ailments.
If you enjoy helping people and have the qualifications to do so, a pharmacy franchise could be an extremely satisfying career choice.
Franchising
Perhaps the most important of all benefits to consider if you're thinking about taking on a pharmacy franchise is the reputation of the parent brand. After all, you inherit the branding and record of customer care of the parent company.
And when it comes to medicines, trust is paramount: trust comes from familiarity, driven by the brand that you inherit.
The franchise model provides reassurance, with a familiar, ready-to-go logo that enhances curb appeal. There's no starting from scratch with a franchise: your customers have already heard of you.
Franchise companies have years of experience that they will share with you as their franchisee. The parent company can afford to scale up its business model because they have a history of healthy profit and a sustainable trajectory of growth.
Reassure your future customers by being part of a successful organisation. Adopt a reputation for quality of service and hit the ground running with your new business.
Facts About Pharmacy Franchises
Pharmacists earn a substantial core of their income through NHS prescriptions, making 90p per item dispensed. The average pharmacy dispenses around 2000 prescriptions each month - however, a prescription can include multiple items.
A pharmacy employee would generally expect to earn between £25,000 to £33,000, dependent upon their level of managerial responsibility.
Pharmacy franchises support franchisees with continuous training and professional development opportunities to keep knowledge current and skills relevant.
As well as over-the-counter and prescription medicines, many pharmacy franchises offer an extensive range of medical services such as medication review clinics and blood-pressure monitoring, taking the pressure away from doctor's surgeries.
Pharmacy franchises can offer repeat medicines and general advice. Your input could be invaluable as a qualified pharmacist; potentially making the difference between an individual taking a medication properly or not taking it at all.
A community pharmacist is a role of responsibility - helping the public by assessing their conditions and making decisions about the remedies a person should take.
Franchising Vs Independent
Franchises are often considered to be a safer financial risk than independent companies. The franchise model offers stability and a proven business model based on sound economic history.
This means that you'll be hitting the ground running with your pharmacy franchise, with the necessary support from banks and moneylenders.
Independent companies are considered risky propositions for those who lend money. You’re less likely to get favourable interest rates with an independent start-up.
Indies struggle to break even during the first years of operation. Around 50% of all UK independent businesses struggle within their critical initial years, and they run out of money before they hit critical mass.
Franchises, however, are built of more robust stuff, with ongoing support from the parent company to help guide a fledgeling business towards a speedier point of success.
Pharmacy Franchises
Explore our range of pharmacy franchises, and get started on your journey towards self-employment right now.
Find your brand new start with Franchise Direct.