Here you will get a perfect answer for you with your question, How to get a MedPlus franchise in India? In this article will get all information about franchise details like cost, requirements, area, profit, etc.
MedPlus is one of most the leading and fastest-growing healthcare retail chain in India. MedPlus started by Dr Madhukar Gangadi in the year 2006, in recent years of economy, MedPlus has grown into 1400 pharmacies throughout India. MedPlus helps these people who prefer to be self-employed by helping MedPlus pharmacy franchise success in the healthcare sector.
Since its start, MedPlus pharmacy has travelled by long road within the last decade, and open more than 1500 stores in India. And growing to their big success in medical store, MedPlus in 2015 launched their new services in online pharmacy, MedPlusMart.com.
MedPlus Franchise Business Opportunity
MedPlus Franchise is a big business opportunity to being a good entrepreneur in the health care industry; day by day people are struggling for a good live life. Nowadays medicine requirements in big amount, so medical franchises are the best platform.
Throughout the online MedPlus Mart, customers can buy medicines, OTC products, FMCG and nutrition products from the online to their home or through mobile,
You will be able to start your MedPlus Franchise with self-investment of 6-8 lakhs, and the remaining rest of capital can be arranged in the form loan with the financial assistance of SBI Bank for MedPlus.
#1. Why MedPlus Franchise?
MedPlus franchise will provide different types of medical and general products. New business prospect is more profitable to your success. MedPlus pharmacy is a good trusted chain for its great response and quality of medicines.
MedPlus has been trusted for its great response and quality of medicines. It has obtained the largest market since its beginning is as yet growing.
Trade margins are less in drug stores and MedPlus cases to offer great items at higher edges in clean settings. Also, Med plus Franchise sells medicine. Also, MedPlus sells medicines online and offline which leaves space for further income age as a provider.
The MedPlus brand is profoundly recognized and all-around trusted for its Sincerity and the extraordinary advantages it offers to its clients.
MedPlus has successfully built the largest network in the retail pharmacy chain of India, in the shortest period.MedPlus operating his network of stores in 12 states and across 150 cities with their 1350 successful pharmacies
#2. Med-Plus Franchise Cost
Total expenditure expected for starting MedPlus franchise you should have to approx. 17 to 20 lakh depending on location size and condition of the premises.
Med Plus Franchise Cost
What does med plus franchise cost? Medplus pharmacy franchise is reaching out into the inside areas of the twin States and put up 1,100 MedPlus franchise shops. This initiative will produce a good deal of rural and grade 2&3 city entrepreneurs and create employment for at least 2,000 people across both countries,” Madhukar Gangadi, Founder and CEO, MedPlus stated in a release issued here on Thursday.
Additionally, it collaborated with the State Bank of India that will expand flexible loans into the franchisees. A normal MedPlus franchise shop will probably be approximately 300-500 sqft and demands an entire investment of approximately Rs 15-20 lakh.
SBI will expand around 70 percent of their entire investment as a loan with 50 percent security. MedPlus has established a dedicated staff who will assist the franchise owners throughout the procedure. As a mandate, every franchisee should be a pharmacist or use a pharmacist. the med plus franchise cost is given below.
Med Plus Franchise Cost Table
|Basic Investment Cost|
|Monthly Expenses||20-40 thousand|
|Cost Of Inventory||50,000- 1,00,000|
|Staff||Rs. 5-10 thousand per month|
|Rent||Rs. 10- 30 thousand per month|
|Profit||Rs. 70,000- 2,50,000 per year|
|Electricity and Other Expenses||Rs. 2000-5000 per month|
On an average, medplus pharmacy franchise will be refreshing 10 times to inventory in a year. To maintain quality check in this sector, as well as, the reputation of the business, the stock should be always kept in checking for expiry medicines.
Med Plus Franchise Cost Inculids
- The Investment Cost Include
- Medplus pharmacy franchise Fee
- Refundable Security Deposit
- Storage Racks
- Computer Systems and Printer
- Branded Stationery and Necessary Inventory (Stocks).
MedPlus pharmacy also provides loan facility with help of SBI Bank to start medplus pharmacy franchise to a franchisor with basic investment capital of 6 lakh.
Location for Starting MedPlus Franchise
The required minimum of 1000-1500 sq. ft. area for the outlet of the pharmacy store. If the pharmacy business is started for retail shops and the wholesale outlet then a minimum of 300 Sq. ft. areas will be required with a good location.
if you do not choose a good area it will be very difficult for your Business. You should choose the crowded area with a minimum competitor.
You should choose the best location for the growth of the business as well as your success.
#3. MedPlus Franchise Benefits
Be the pride MedPlus Franchise owner of the MedPlus brand in a reputable profession with great assured income.
MedPlus provide Initial credit facility or loan from SBI bank under a special scheme for your basic investment requirement
MedPlus provide best training session, knowledge and always support for running a large pharmacy sector
Sales and staff are more accessible to MedPlus maintaining the thousand brand and product sourcing, stocking and payments.
MedPlus due to its high recommendation in the market it provides high-quality label products for both medical and general segments with high margin.
MedPlus franchise provide good service to all over retailer in India, it can also provide service by the online and offline way to a customer in your area.
MedPlus Franchise Support
- Assistance with the right location for the store
- Help with store identification and lease finalization
- Provide a layout plan, branding materials, and furniture and systems required
- Training support for the franchisor and its staff
- as per the requirement of the loan facility
- Supply all products doorstep to the store
- Operational support with be for the running of the store
- Audit support
- Starting MedPlus Franchise Criteria for Location & Premises
- Research for the area with 50,000 population would be suitable for a MedPlus Pharmacy
Is MedPlus Franchise worth it?
It is the most important question, is medplus profitable for long runner up?
Then yes its best platform to Growth of franchise business because medplus is looked like expanding the building up new medical store by medplus pharmacy franchise method. Across India, a franchise of medpluse is offered in the states of Andhra Pradesh, Telangana, Tamil Nadu, and Karnataka currently.
#4. Med Plus Franchise Contact Details
Med Plus Franchise Head Office Address
MedPlus Health Services Pvt. Ltd.
GSR Estates, C Block,
D.No. 11-6-56, Survey no. 257 & 258/1,
Opp: IDPL Railway siding Road, Balanagar,
Hyderabad, Telangana 500037, India
MedPlus Head Office Contact Number
040 6700 6700
MedPlus Email Address
MedPlus Official Website
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