About Us
Our Story
Before building Galt Phranchise™ Systems into one of the most unique healthcare franchise opportunities, co-founders Barry Patel and Wade Smith began as pharmacists with career experiences in the pharmaceutical industry. These practices led to their desire to find a better way to provide pharmaceutical care to people seeking to improve their quality of life.
In eliminating the capital requirements, practice legacies and regulatory barriers, multiple paths open to create revenues beyond “the way it’s always been done”. Galt Phranchise™ Systems provides a healthcare business opportunity – without rent or inventory – designed for many different types of entrepreneurs that simply have passion for helping people improve their quality of life.
To Barry and Wade, the big pharma model was inefficient, forcing patients to support higher costs of pharmaceuticals to feed middle-men intermediaries and corporate bureaucracies. To do something about it, they established Galt Pharmaceuticals to develop pharmaceutical assets. By commercializing the assets, they found ways to eliminate the splendors enjoyed by the middle-men and fat corporations. The answer existed in collaborating with local health-minded entrepreneurs to serve patients in the community they shared. Thus, they created an opportunity for individuals to operate a compliant community-based health enterprise; by removing the high barriers to entry of the pharmaceutical business.
In 2018, Galt Phranchise™️ Systems was formed to offer sales-minded entrepreneurs the opportunity to own and operate a pharmaceutical sales company.
To Barry and Wade, the big pharma model was inefficient, forcing patients to support higher costs of pharmaceuticals to feed middle-men intermediaries and corporate bureaucracies. To do something about it, they established Galt Pharmaceuticals to develop pharmaceutical assets. By commercializing the assets, they found ways to eliminate the splendors enjoyed by the middle-men and fat corporations. The answer existed in collaborating with local health-minded entrepreneurs to serve patients in the community they shared. Thus, they created an opportunity for individuals to operate a compliant community-based health enterprise; by removing the high barriers to entry of the pharmaceutical business.
In 2018, Galt Phranchise™️ Systems was formed to offer sales-minded entrepreneurs the opportunity to own and operate a pharmaceutical sales company.
Galt’s potential Phranchisees™
Galt’s potential Phranchisees™ are made up of several groups. Primarily, Phranchisees™ are former pharmaceutical sales reps as well as independent pharmacists. In some cases, they are entrepreneurs and businesspeople who have limited knowledge of the pharmaceutical industry. With a Galt Phranchise™, these groups have increased entrepreneurial and financial opportunities. Ownership allows these groups to have increased accountability and customer intimacy through shared community interest and entrepreneurial spirit.
Pharmaceutical sales professionals
Pharmaceutical sales reps have built relationships and understanding within their local medical community for years. However, they have no way to express their entrepreneurial spirit within the pharmaceutical industry because of high barriers to entry.
A Phranchise™ allows this group the opportunity to own a small piece of the industry that they have spent years of blood, sweat and tears building to make profits for big pharma.
Independent pharmacists
Independent pharmacists have built-in entrepreneurial spirit. They enjoy serving individuals in their community and finding solutions for unmet needs. Additionally, they value the ability to act fast without corporate red tape. Facing the challenge to remain financially viable with competition from national chains, independent pharmacists are paving new roads and reaping benefits for their business enterprise by being part of the Galt Phranchise™ system.
A Galt Phranchise™ allows this group the opportunity to leverage their knowledge and expand revenues while profiting not just from sales made in their own pharmacies, but from Galt product sales made by competitors across their territories.
Businesspeople
Entrepreneurs and businesspeople with expertise in other areas may recognize the potential of owning a pharmaceutical business but do not have industry knowledge. They are interested in creating a legacy for themselves and possibly for their families.
For those interested in owning a pharmaceutical business but lacking the industry knowledge needed to run a successful Galt Phranchise™, Galt offers Management Services and can help manage their pharmaceutical businesses.
