Business Categories
Healthcare Products

MediSpot Franchise Cost – How to get, Contact, Apply, Fee

  • Area Req
    -N/A-
  • Investment Range
    INR 2 Lakh - 5 Lakh
  • No. Of Franchise Outlets
    Less than 10

About brand - MediSpot

MEDISPOT offers a low-cost, high quality pharmacy store franchise!

We provide franchisees with tools and services that help them manage and profit from a professionally run pharmacy. If you are a sincere and hard working person who craves to work independently and have a strong zeal to succeed, a MEDISPOT Franchise provides you the ideal opportunity to achieve your goals. 

MEDISPOT pharmacy is the preferred destination for over 10 lakh customers daily across India for all their medicine and FMCG needs. The Brand stands for - Quality, Convenience and Affordability 

Our services are guided by three themes - qualityconvenience, and affordability
Quality

  • Sourcing of all products from established brands and direct representatives of manufacturers
  • Superior store layout and ambience
  • Proper storage conditions and cold chain maintenance
  • Systematic expiry tracking and control
  • Ensuring traceability through bar coding and billing

Convenience

  • Store location in community main streets and residential neighbourhoods
  • Walk-in, air-conditioned stores with convenient waiting area
  • Intelligent inventory management systems to identify buying patterns locally and ensure
  • Seamless integration of online and offline channels to cater to long tail needs
  • Order booking through online or call centre
  • Complete purchase history and ability to print bills available to customer through online portal
  • Hassle free returns and exchanges through store

Affordability

  • Cash discounts or rewards through Rewards loyalty program
  • Discounts on FMCG and OTC products
  • Higher savings on private label products

Why Medispot franchise?

  • Immediate recognition and rapid scale up as part of a leading and trusted pharmacy brand
  • Proven business model with great long term potential
  • Low investment with a potential for a high return
  • Site selection assistance provided by company
  • Staff training provided by company
  • Company will help with the interior design, fit out, and provide the necessary IT systems
  • A dedicated warehouse in each city will ensure rapid supply of all products to the store in 4-6 hrs on most days
  • Company will supply bar coded products to facilitate easy billing and complete traceability
  • Dedicated account managers and support staff will provide operational support
  • Dedicated ATL marketing activities in every city funded by the company to build brand awareness and pull customers to store
  • A wide selection of attractive, high quality private label products will enable the franchisee to maximize profits
  • State of the art technology platform and support to manage sales and inventory seamlessly

Who can apply?

We select franchisees that are a good fit to our organization's ideals and share the same zeal for delivering excellent customer care. We conduct several rounds of screening before inviting franchisees as partners.

We are looking for franchisees who:

  • Are operational owners rather than just investors
  • Are present in the store daily and managing the day to day operations and staff themselves
  • Have a high level of commitment and are willing to work hard
  • Are willing to adhere to the guidelines set forth by the company and the rules and regulations of the state
  • Is business savvy and entrepreneurial?

A previous business and pharmacy experience would be helpful but not mandatory

Franchise Details:

  • Investment required per store: 20-25 lakhs based on location and size. Of which a loan for up to 15 lakhs could be facilitated by the company subject to the presentation of an appropriate collateral by the franchisee and bank approval
  • Store size: Typically between 300-1000 sq. ft. A smaller store in a high potential market with limited real estate availability may be acceptable, but not less than150 sq. ft in any case
  • Preferred store location: main Commercial Street of residential neighbourhoods, ground floor with good visibility and frontage, with unrestricted access and availability of street parking
  • Franchisee fee: 1 lakhs
  • Expected turnover: With the right location and a committed franchisee, a store can expect to have revenues of around 10 lakhs by 6 months and around 25-30 lakhs in the steady state.

Apply now!

Medispot Team

MediSpot Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2000

Franchise Commenced On 2006

Franchise Details
Units

Investment INR 2lakh - 5lakh

Franchise/Brand Fee INR Rs. 1 lac

Royalty/Commission 20% %

Details

MediSpot Expansion Plans

North

Haryana, Himachal Pradesh, Delhi, Punjab, Uttaranchal, Uttar Pradesh

South

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu

East

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh

Union Territories

Chandigarh, Lakshadweep, Pondicherry

 

MediSpot Franchise Training

Detailed operating manuals for franchisees Yes

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

MediSpot Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Lifetime

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get MediSpot Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get a MediSpot franchise, you can fill up the application form provided on the website and our expert team will guide you with all the details viz. MediSpot franchise fee, MediSpot franchise cost, MediSpot apply process and more. Our team will guide you during the process to avail MediSpot franchise.

Interested in MediSpot Franchise? Apply here

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