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Overwhelmingly, capital representing 50% of the respondents constituted crucial strategic factor, with 2.5% indicating it to be the least. 7.5% of respondents suggested location as an important issue, with 5% believing in any other case. 3.three POPULATION OF THE STUDY AREA The total population of the study space is forty-five pharmacies. These symbolize the entire number of pharmacies within the area which have been licensed by the pharmacy council to engage in both wholesale only business or to do each wholesaling and retailing of pharmaceutical merchandise.

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More importantly, the franchise shops mainly goal the consumers who are extra model oriented, while chain stores, mainly, purpose the customer comfort. The costs to open a franchise is completely different for every company, but lots of the necessities are related. In most cases, you will be obligated to pay a franchise fee to the franchisor, and you’ll even be answerable for all build-out prices in your location, including furniture, fixtures, and gear. Other start-up expenses embrace skilled fees, contractor charges, signage, and inventory. And when you open, you’ll also need to ensure you have enough working capital to stay afloat till your corporation is sustainable.

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