- Country: Jamaica
- Industry: Medical, Health Care, Pharmaceutical
- Stage: Start-up
- Investment size: $1,000,000 / min. $500,000
- Type of investment: Equity
Pharmacy vending machine that dispenses OTC drugs and Personal Care products 24 hours a day, 365 days a year. There are no competitors on the market.
PHARMASHOP’S mission is to provide vended OTC drugs and Personal Care Items that are available 24 hours a day, 365 days a year, while concurrently ensuring that businesses and organizations that allow the Company’s machines on site are compensated for their rental of space.
PharmaShop24 is the first automatic vendor specially studied and developed on the basis of the requirements of chemist’s shops and drugstores, with the aim of improving customer service (and sales).
Our main goal with this new product is to provide super savings, convenience and affordability on various products and services to all customers on a 24/7 day basis.
Rationale for the deal
Our company established in 2012, aims to provide unique business solutions and exceeded expectations in the Caribbean. In January of 2013, a team of professionals within the organization decided to go forward and enter in a business agreement with Robovideo. The invention of this automatic vending machine, PharmaShop24, gave us assurance that the Caribbean market was ready for something new.
Thus far, PharmaShop24 has been launched in over thirty (30) countries worldwide. Through the signed EXCLUSIVE business agreement by the said company and our company, PharmaShop24 is now available within the Caribbean.
Opportunity for the investor
We are looking for an investor to invest US$500,000 in our business model, which will allow us to purchase 20 machines and a van for distribution and also cover other items for the rollout of those 20 machines. This money will give the investor a 30% share in equity and they stand to make over 300% ROI over five years.
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