SaveOnMedicals is an online healthcare company having tie ups with all major hospitals in Delhi / NCR region. It facilitates video consultation with doctors of these large hospitals. It also runs an online pharmacy business and is a fast growing company with over 100,000 visitors to its site.
SaveOnMedicals is now looking to expand to tier 2 / 3 cities with a franchise model where in the SOM centre would have video consultation rooms, a lab, a pharmacy section and counselling area. The centre would have a minimum area of 700 sqft and would be visited by doctors of leading network hospitals at on requirement basis. The centre would need an investment of 25 lacs and would give an ROI of over 40%.
Operations Commenced On 2015
Franchise Commenced On 2015
Investment INR 20lac - 30lac
Franchise/Brand Fee INR 5 lacs
Royalty/Commission INR 25000 pm %
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 40 %
Likely pay back period of capital for a Unit Franchise 1 - 3 Years
Other investment requirements In manpower & marketing
Haryana, Himachal Pradesh, Punjab, Uttar Pradesh
- NA -
- NA -
Rajasthan
- NA -
- NA -
Type of property required for this franchise opportunity Owned
Floor area requirement 500 - 1000 Sq.ft
Detailed operating manuals for franchisees Yes
Franchisee training location At the location
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 Years
Is the term renewable? Yes
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