Quality medication at an affordable price

Sector: Pharma

Year of establishment: 2012

Turnover: USD 1M-2M

Investment need: USD 300,000-400,000

Product, market solution and potential

The company was started in 2012 and is one of the largest pharmacy retail chain in Uganda owning over 10 pharmacies. They sell largely European imported medicines at affordable prices that are lower than the competition yet maintaining a healthy margin by carefully maintaining efficiencies in their operations and by importing the bulk of their medicines. The company has built an extensive network of suppliers in Europe, United States and India to help them meet their clients’ needs. The company has established a partnership with the largest up stream distribution chains in the Country to enable them set up outlets in various locations all over the country so they can have a minimum of one outlet in each major town in Uganda.

Entrepreneur and Team

The company was started in 2012 and is one of the largest pharmacy retail chain in Uganda owning over 10 pharmacies. They sell largely European imported medicines at affordable prices that are lower than the competition yet maintaining a healthy margin by carefully maintaining efficiencies in their operations and by importing the bulk of their medicines. The company has built an extensive network of suppliers in Europe, United States and India to help them meet their clients’ needs. The company has established a partnership with the largest up stream distribution chains in the Country to enable them set up outlets in various locations all over the country so they can have a minimum of one outlet in each major town in Uganda.

Turnover and Investment need

The Company turnover has grown organically from USD50K in 2013 to close to USD 2M in 2015. The Company’s investment need is between USD 200,000 – 400,000 for working capital to invest in marketing, branding, shelving and point of sales systems in the existing pharmacies, and also to import larger quantities of medicines for the new pharmacies.

Impact

The company has the following positive impacts;

  1. The company provides high quality, affordable, original medicines at lower prices than the competition.
  2. The company has grown to be the 2 nd largest pharmaceutical with over 10 outlets employing over 50 employees.
  3. The company is looking to expand to rural towns to provide quality medicines to the less privileged communities.

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