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It costs to buy a franchise of Similar Pharmacies

  • At least until 2019, there were 6,400 branches of similar pharmacies in Mexico, Guatemala, Chile and Peru.
  • It is a successful business model that generates annual revenue of 800 million dollars.
  • The main attractions of this chain are low prices and immediate medical attention.

The business of clinics attached to pharmacies has become one of the most successful in our country. It is only necessary to see the growing number of units across the country. While within this category Similar pharmacies positioned himself as the undisputed leader.

It all started in 1997 on the initiative of the businessman and politician Victor González Torres. Its aim was to offer medicine at a low cost so that it was within the reach of the majority of the population. For the same reason, his slogan “same but cheaper” It became his main attraction.

Low prices and immediate medical care

But while the original idea was only limited to selling drugs, it expanded after a while. In this way, general medical offices emerged at low prices. It succeeded in attracting an even greater number of patients.

While the main attraction of this business in the beginning was the price, in recent years patients also come because the attention is immediate. With this in mind, more and more beneficiaries of IMSS and ISSSTE prefer to check Similar pharmacies so you don’t have to spend hours in the waiting room.

Photography: @Estrategia115

Now, to understand the success of this model, until 2019 there were 6,400 branches of this brand in Mexico. In addition, it has also expanded to other countries such as Guatemala, Chile and Peru. As a whole, it generates annual revenue of 800 million dollars.

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While one of the features of Similar pharmacies is that it works with the franchise model and anyone can rent one. This is very similar to what happens with food chains, because the only thing required is to cover the initial investment to open a space.

How much does it cost to buy a franchise of Similar Pharmacies?

Now comes the most interesting, because the Planet Franchise medium revealed the exact amount of money needed to participate in this business. The minimum figure is 500 thousand dollars (about 10 million pesos at the current exchange rate). Although in return you receive the following:

  • Adaptations of the premises
  • marquee ads
  • medical furniture
  • 2 air conditioners
  • Desk
  • shelves
  • refrigerators
  • electrical preparations
  • Staff training
  • Feasibility studies
  • Socio-economic study
  • Purchase of inventory

Based on the above, by participating you practically acquire a space ready for patient care and drug sales. The entire procedure must be performed before the Best Foundation who is in charge of authorizing the sale of branches.

Similarly, the premises must have a minimum area of ​​66 m2. The aim is that it can be adapted to have the following sections required by the Federal Commission for the Protection against Sanitary Risks (Cofepris).

  • Display area
  • Shelves Area
  • general medical office
  • Waiting room
  • Toilets

But one of the aspects that can be sad for some is this at this stage there are no branches available. At least during the rest of 2022, this option is not intended to be offered because all the new pharmacies that are about to open are corporate owned.

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