Business Categories
Pharmacies

Medplus pharmacy Franchise Cost – How to get, Contact, Apply, Fee

  • Area Req
    300 sq ft
  • Investment Range
    INR 10 Lakh - 20 Lakh
  • No. Of Franchise Outlets
    20-50

About brand - Medplus pharmacy

MedPlus is highly recognized and well trusted brand for its integrity and the great benefits it offers to its customers. It has successfully built the largest retail pharmacy chain in India in the shortest time and operates a network of stores across 12 states and over 150 cities with over 3975+ successful pharmacies. Medplus is well known for providing quality and genuine medicines, superior customer service and great value for money.

What are the operational activities involved in running a retail pharmacy?

  • Retail pharmacy is similar to a trading business
  • Operations primarily consist of sourcing the required medicines and other general products from many suppliers and selling them to the end customers through the retail counter

To be able to do this successfully, a pharmacy should be well versed in these:

  • Identifying and estimating the demand for the products in the area
  • Maintaining stock levels and ensuring availability of the products
  • Minimizing stock loss due to expiry, damage, theft or pilferage
  • Identifying multiple suppliers for all the products
  • Negotiating prices, discounts and payment terms with the suppliers
  • Procuring in time and as per need
  • Maintaining necessary registrations, documentation and procedures to comply with the laws of the state and drug regulatory authorities
  • Maintaining a record of customer details, sales data and stock outs
  • Continuous updating of stock based on knowledge acquired over time
  • Managing the staff members involved in the pharmacy operations
  • Managing cash with an understanding of costs, revenue, profit and loss
  • Satisfying customers with great service
  • Generating demand by marketing and promotional schemes

Franchisee Details:

  • You can carry the pride of our success in your locality in a reputable profession with assured income
  • You are assured of the best training, knowledge, and support for running a large pharmacy because of our strong operations expertise and sourcing, technology and execution capabilities
  • You get to run a highly recognized brand pharmacy with a large mix of medical and general products at a very reasonable investment of Rs 17 lakhs to Rs 20 lakhs
  • You can avail a credit facility or loan from State Bank of India under a special scheme for about 60% of your investment requirement
  • You generate a volume of business that is 2 or 3 times higher than competition and enjoy higher customer retention and repeat purchases due to our brand pull and the attractiveness of our loyalty and reward program – FlexiRewards
  • You generate higher profits by having access to our high quality private label brands with higher margins

What are the advantages of a MedPlus Franchise in comparison with an independent pharmacy store?

As a MedPlus Franchisee, you are at an unparalleled advantage to address these challenges encountered in operating a pharmacy

  • Sourcing a high number of SKUs(Products) from a highly fragmented market
  • Proper inventory planning
  • Low quality and fake medicines
  • Competition
  • Profitability and Gross Margins
  • Online pharmacies
  • IT systems & technology Support
  • Additional sources of revenue
  • Investment capital

What support does MedPlus provide to the franchisee?

  • Assistance with selecting the right location for the store
  • Help with store identification and lease finalization
  • Complete layout plan, branding materials and furniture and systems required
  • Training for the franchisee and its staff
  • Facilitate a bank loan if required
  • Supply all products sold through the store
  • Operational support through the running of the store
  • Audit support

Who can become a franchisee?

Education & Experience:

  • A pharmacist qualification is helpful, however it is not mandatory
  • At a minimum, candidate should have completed SSC or Intermediate level education
  • Prior experience in a pharmacy or managing a small business will be favorable

Investment Capacity:

Ability to invest about Rs 6 to 7 lakhs and own a collateral property worth at least Rs 6 lakhs to receive a loan under the special scheme towards remaining investment

Location & Premises Criteria:

  • Any town with more than 50,000 population would be suitable for a Medplus Pharmacy
  • A minimum of 300 Sft or more in the main market area with good frontage and unrestricted access to the premises

What are the investment details for a franchise store?

Total investment required to set up a MedPlus Franchise is between Rs 17.50 to 20 lakhs depending on the location and the size and condition of the premises. This amount covers franchisee fee, refundable security deposit to premises owner (rental advance), interiors, storage racks, furniture, computer systems and printer, branded stationary and initial inventory (stocks).

Of this amount, the franchisee should be able to invest Rs 6-7 lakhs of his own and would be able to obtain the balance as a loan under a special scheme through State Bank of India across India, subject to having a collateral of around 6 lakhs.

MedPlus Franchise Enquiry: For those with general inquiries or seeking more information, reaching out via email is a seamless option. Registered individuals may directly call for MedPlus franchise contact number. MedPlus welcomes potential franchisees and individuals interested in learning more about the brand to connect through email, ensuring accessibility and responsiveness to queries. With its widespread presence and commitment to excellence, MedPlus continues to be a trusted name in the Indian pharmacy industry, offering not just medicines but also valuable franchise opportunities for aspiring entrepreneurs.

How to Get MedPlus Franchise: Individuals willing to work hard, diligent and dedicated may apply for the MedPlus diagnostics franchise. They should be willing to personally manage the pharmacy operations rather than through employees. Should have the ability to do basic mathematics and understand trade terms, margins, profit & loss.

MedPlus Pharmacy Franchise Apply Online: MedPlus is at the forefront of India's pharmacy landscape, boasting a vast network of over 3975+ pharmacies and general stores across the nation. Aspiring entrepreneurs keen on joining the success story of MedPlus can easily apply for a pharmacy franchise through the user-friendly Franchise India portal. This online platform streamlines the application process, making it convenient for individuals to explore the rewarding opportunity of owning and operating a MedPlus pharmacy.

Medplus pharmacy Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2006

Franchise Commenced On 2015

Franchise Details
Units

Investment INR 10lakh - 20lakh

Franchise/Brand Fee INR 100000

Details

Exclusive territorial rights to a unit franchisee Yes

Anticipated percentage return on investment 30 -50 % %

Likely pay back period of capital for a Unit Franchise 6 months - 1 year

Other investment requirements no

Medplus pharmacy Expansion Plans

North

- NA -

South

- NA -

East

- NA -

West

Gujarat

Central

- NA -

Union Territories

- NA -

 

Medplus pharmacy Franchise Requirements

Type of property required for this franchise opportunity commercial space sui

Floor area requirement 300 sq ft

Preferred location of unit franchise outlet near residential area

Medplus pharmacy Franchise Training

Detailed operating manuals for franchisees Yes

Franchisee training location ahemdabad

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Medplus pharmacy Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Years

Is the term renewable? Yes

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 Medplus pharmacy 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 Medplus pharmacy franchise, you can fill up the application form provided on the website and our expert team will guide you with all the details viz. Medplus pharmacy franchise fee, Medplus pharmacy franchise cost, Medplus pharmacy apply process and more. Our team will guide you during the process to avail Medplus pharmacy franchise.

Interested in Medplus pharmacy Franchise? Apply here

Insta Apply
YOU MIGHT ALSO BE INTERESTED IN THESE FRANCHISE OPPORTUNITIES
  • Healthcare Products
    Hairpro 16 is created using handpicked Ayurvedic Herbs and virgin..
    Locations looking for expansion Tamil nadu
    Establishment year 2023
    Franchising Launch Date 2024
    Investment size Rs. 5lakh - 10lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Chinglepet Tamil nadu
  • Ayurvedic, Herbal & Organic Products
    Cancer Herbalist is a place where science meets tradition. Unlike..
    Locations looking for expansion Karnataka
    Establishment year 2023
    Franchising Launch Date 2024
    Investment size Rs. 5lakh - 10lakh
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Banglore Karnataka
  • Absolute Aesthetic and Wellness Experts for Perfect Skin, Hair, Obesity,..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Nagpur Maharashtra
  • About Us: Max Lab is a subsidiary of Max Healthcare, one..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 50000 - 2lakh
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Gurgaon Haryana
  • Others Health Care & Fitness
    Celebrate Life is a fast growing Salon & Wellness brand..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lakh - 20lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Bangalore Karnataka
  • Pharmacies
    Scott-Edil Franchise in India: Founded in February 2022, Scott Edil..
    Locations looking for expansion Chandigarh
    Establishment year 1996
    Franchising Launch Date 2023
    Investment size Rs. 2lakh - 5lakh
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquarter Chandigarh Chandigarh
Apply Now

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads