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Advice Please, I Have #750k To Set Up A CHEMIST Shop. - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Advice Please, I Have #750k To Set Up A CHEMIST Shop. (1964 Views)

Advice On How To Establish A Chemist/Pharmacy Business Needed / Opening A Chemist Shop / The Best Place To Open A Chemist Shop (2) (3) (4)

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Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 9:46pm On May 21, 2020
Please my people and professionals in the pharmaceutical sector, I am an Engineer by profession, I work with a private company, over time I have been thinking of a side business I can venture into so as to enhance my income. Am looking at a chemist shop drug business.
Please can you advice me on what steps and cost implications to set it up and run it.

Note: I intend hiring an auxiliary nurse to run it for the time being as am not medically inclined, I hope to learn the trade with time.
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by RunzMAN: 9:51pm On May 21, 2020
I'm glad you are not laying all your eggs in one basket... which shows that you are a real man cool

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Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by RunzMAN: 9:57pm On May 21, 2020
castins:
Please my people and professionals in the pharmaceutical sector, I am an Engineer by profession, I work with a private company, over time I have been thinking of a side business I can venture into so as to enhance my income. Am looking at a chemist shop drug business.
Please can you advice me on what steps and cost implications to set it up and run it.

Note: I intend hiring an auxiliary nurse to run it for the time being as am not medically inclined, I hope to learn the trade with time.




-Register Your Business with the Corporate Affairs Commission (CAC) and PCN. ...

-Find a Good Location. ...

-Source for the required capital(1-2Million NGN) will go along way.

-Find a Credible Supplier. ...

-Employ competent staff(Auxiliary nurse). ...

-Publicize your pharmacy business.

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Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by xreal: 10:08pm On May 21, 2020
castins:
Please my people and professionals in the pharmaceutical sector, I am an Engineer by profession, I work with a private company, over time I have been thinking of a side business I can venture into so as to enhance my income. Am looking at a chemist shop drug business.
Please can you advice me on what steps and cost implications to set it up and run it.

Note: I intend hiring an auxiliary nurse to run it for the time being as am not medically inclined, I hope to learn the trade with time.

Your idea is good, however, chemist shop is not really clinically inclined for you to hire an auxiliary nurse first. Why not a chemist?

When your shop is big, you can now employ an auxiliary nurse in addition to the chemist.

1 Like

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 10:09pm On May 21, 2020
Thanks very much for your response, but can an Engineer like me register a chemist shop with my name? Are there no licences needed?
All I have is HND, Being. Mechanical Engr.

RunzMAN:





-Register Your Business with the Corporate Affairs Commission (CAC) and PCN. ...

-Find a Good Location. ...

-Source for the required capital(1-2Million NGN) will go along way.

-Find a Credible Supplier. ...

-Employ competent staff(Auxiliary nurse). ...

-Publicize your pharmacy business.
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by RunzMAN: 10:41pm On May 21, 2020
castins:
Thanks very much for your response, but can an Engineer like me register a chemist shop with my name? Are there no licences needed?
All I have is HND, Being. Mechanical Engr.


Yes...


With money everything is possible in Nigeria grin

Obtain your licence from National Association of Patent and Proprietary Medicines (NAPPMED) after registration. They have been approved by Pharmacy council of Nigeria..
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 10:50pm On May 21, 2020
Thanks very much. I will Google NAPPMED

RunzMAN:


Yes...


With money everything is possible in Nigeria grin

Obtain your licence from National Association of Patent and Proprietary Medicines (NAPPMED) after registration. They have been approved by Pharmacy council of Nigeria..


1 Like

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by Kendumazy(m): 6:43am On May 22, 2020
castins:
Thanks very much. I will Google NAPPMED



Don't follow that advice. You will be shooting yourself in the leg. That body is for pharmacy and not chemist. Chemist is very easy to open. You can either look for someone in your locality to put you through or look for a nurse, I mean an old nurse, they know alot about it as well. As a matter of fact, it does not requires any business registration neither any association registration. Just know what and what to buy in the shop and where to buy it. All the very best!

2 Likes

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by Nobody: 6:55am On May 22, 2020
RunzMAN:





-Register Your Business with the Corporate Affairs Commission (CAC) and PCN. ...

-Find a Good Location. ...

-Source for the required capital(1-2Million NGN) will go along way.

-Find a Credible Supplier. ...

-Employ competent staff(Auxiliary nurse). ...

-Publicize your pharmacy business.
I think 750k should be enough to start a chemist shop, depending on location though.
Shop rent say ~150k, reg ~300k, stock ~150k, fridge, drug shelf, bed ~150k...remaining gen lipsrsealed
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 9:46am On May 22, 2020
Thanks a lot.
Kendumazy:



Don't follow that advice. You will be shooting yourself in the leg. That body is for pharmacy and not chemist. Chemist is very easy to open. You can either look for someone in your locality to put you through or look for a nurse, I mean an old nurse, they know alot about it as well. As a matter of fact, it does not requires any business registration neither any association registration. Just know what and what to buy in the shop and where to buy it. All the very best!
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 9:58am On May 22, 2020
Hiring a chemist and auxiliary nurse, are they not the same, both are people who have acquired the skill over time.
xreal:


Your idea is good, however, chemist shop is not really clinically inclined for you to hire an auxiliary nurse first. Why not a chemist?

When your shop is big, you can now employ an auxiliary nurse in addition to the chemist.
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by castins(m): 10:02am On May 22, 2020
Am in PH (Rukpokwu area) , please can you shed more light on the registrations needed.? Fridge, Generator are already available.
Is secondly can you recommend anyone in PH who could be a proper guide for me?
veeshock:

I think 750k should be enough to start a chemist shop, depending on location though.
Shop rent say ~150k, reg ~300k, stock ~150k, fridge, drug shelf, bed ~150k...remaining gen lipsrsealed
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by vickifeanyi47(m): 10:45am On May 22, 2020
Kendumazy:



Don't follow that advice. You will be shooting yourself in the leg. That body is for pharmacy and not chemist. Chemist is very easy to open. You can either look for someone in your locality to put you through or look for a nurse, I mean an old nurse, they know alot about it as well. As a matter of fact, it does not requires any business registration neither any association registration. Just know what and what to buy in the shop and where to buy it. All the very best!

He needs to register with an association and obtain thier certificate. If not police and other drug agencies will keep molesting him.

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Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by Kendumazy(m): 11:56am On May 22, 2020
vickifeanyi47:


He needs to register with an association and obtain thier certificate. If not police and other drug agencies will keep molesting him.

It depends on his area. In my previous area, knew of a lady who started with 250k. Shop rent with furnishing 100k, goods 150k. It all boils down to the area like I said. She didn't join any association. There are alot of them like that. Op should study his area to ascertain what is obtainable.

2 Likes

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by uboma(m): 7:05am On May 25, 2020
Kendumazy:


It depends on his area. In my previous area, knew of a lady who started with 250k. Shop rent with furnishing 100k, goods 150k. It all boils down to the area like I said. She didn't join any association. There are alot of them like that. Op should study his area to ascertain what is obtainable.


Irrespective of his location, it is safe to be a member of the association. You should look at things objectively.

1 Like

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by uboma(m): 7:11am On May 25, 2020
Kendumazy:



Don't follow that advice. You will be shooting yourself in the leg. That body is for pharmacy and not chemist. Chemist is very easy to open. You can either look for someone in your locality to put you through or look for a nurse, I mean an old nurse, they know alot about it as well. As a matter of fact, it does not requires any business registration neither any association registration. Just know what and what to buy in the shop and where to buy it. All the very best!


You were too quick to rubbish the comments of another.

One is on the safe side when he gets registered into an association. If one wants to have his Chemist registered as a business name, how will he be affected negatively?

Please learn to pass on your own comments/experience without rubbishing that of another.

1 Like

Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by Cuppycakes(f): 10:30pm On Jan 03
Op.. did you later open the chemist?
Re: Advice Please, I Have #750k To Set Up A CHEMIST Shop. by Chioma99(f): 11:45pm On Jun 04
yes am the nurse been employed.
i have so many years experience and i know so many things
i can help you setup a chemist shop with just #2 million naira only
if you need my contact just let me know

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