Am I qualified to become a myPharmacy franchisee?
The basic requirement is to have a licensed premises and registered superintendent pharmacist.
Provide a guarantor of good standing in the society – Proof of ability to cover rent, staff salaries, utilities and other costs of running the pharmacy. Where such is not available, a plan must be in place to ensure the pharmacy is a going concern and a case by case assessment will be done to ascertain this.
How much does it cost to be a part of myPharmacy?
Ordinarily, as with all franchise models, entry fees are applicable.
However, the first 100 franchise pharmacies will join at NO FEE as a reward for being an early adopter.
Annual franchise fee, which is 5% of gross revenue, paid monthly, provides in-pharmacy support, operational and management tool maintenance and updates, category and space management updates, and systems maintenance.
Is this a lifelong commitment?
Usually, franchise models require long contracts of up to 10 years.
For myPharmacy, we have decided to shelve this for the first 100 franchise pharmacies that sign on. There will be no joining fees and free exit (hopefully, you will not see any reason to leave.)
As a franchisee, who has control of the business?
The franchisee retains control, however the pharmacy will trade under the myPharmacy brand and there are other contractual commitments.
Will I have to change my Pharmacy’s name?
myPharmacy will be the primary brand. However, we will incorporate the existing Pharmacy name on the signage.
Where are the pharmacies located?
Our wings are spread across over three geological zones in Nigeria with over 40 stores in 8 states and we are ever-growing.
If I am not yet ready to be a franchisee, what benefits can I get from myPharmacy?
You can be an associate of the myPharmacy network. To do so, simply write a mail to mypharmacy@advantagehealthafrica.com with your details and we will activate you automatically. You will get access to the following:
– Basic version of BOAZ and Business Intelligence reports
– Group purchasing (No limit & no minimum)
– Some market access programs
Looking for a specific location?
Find the store here (link to store locator)
Can I shop online?
Yes, you can! Through our online pharmacy, my-medicines.com , you can speak with a pharmacist, order and refill your medicines, and have them delivered swiftly to you anywhere in Nigeria.
You can join the myPharmacy Network either as a Franchisee or as a Non-Franchisee. Franchisees carry the myPharmacy name and the owners of such pharmacies may work within or outside the community pharmacy sector. They are interested in being a part of a strong brand and franchise chain. Non-Franchisees are independently owned pharmacies which subscribe to one or more pharmacy management solution e.g inventory management, bookkeeping etc. They do not carry the myPharmacy name.
No. You can be an independent pharmacy owner and still choose to subscribe to one or more pharmacy management solutions (Member Support Package). As a subscriber, you are considered as a network member.
Persons outside the community pharmacy sector but who wish to own a community pharmacy in our franchise would have to partner with myPharmacy in owning a community pharmacy. They can do so through our Investify & Partner Packages. Send us an email (info@mypharmacy.africa).
You should subscribe to the Partner Support Package or Performance Support Package.
No. You remain the owner of your pharmacy as a franchisee. You also retain your name, as you take on the myPharmacy name. We will incorporate the existing pharmacy’s name on the signage.
Be/Have a registered superintendent pharmacist, Have a licensed premises, Have necessary funds to set up and run the pharmacy.
Depending on the location, about 6–7 million Naira
Usually, franchise models require long contracts of up to 10 years. However, for myPharmacy, the contract is for a renewable period of one year
The franchisee retains control, however the pharmacy will trade under the myPharmacy brand and there are other contractual commitments.
Our wings are spread across over three geological zones in Nigeria with over 20 stores in 7 states and we are ever-growing.
Find the store here
Yes, you can! Through our online pharmacy, my-medicines.com, you can speak with a pharmacist, order and refill your medicines, and have them delivered swiftly to you anywhere in Nigeria.