MedPlus Franchise Business – Opportunity in Pharmacy Industry

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Are you looking forward to starting MedPlus franchise business in India? Find in this post, complete details including cost, investment, contact details for the opening of the MedPlus pharmacy franchise business.

The first MedPlus pharmacy store opened in February 2006 in Hyderabad and over the last decade has grown into the second largest pharmacy retail chain in the country with over 1400+ pharmacies throughout India. Medplus today serves over 2,50,000 customers daily and employs over 10,000 people.

The company offers free home delivery in several of the locations where our store is present.

Check, Top 10 Healthcare Business Ideas with Franchise Opportunities in India

MedPlus Franchise Pharmacy Business Opportunity Investment Details

The total investment in starting a MedPlus franchise retail store will be around 17 – 20 lacs depending on the location and the size and condition of the premises. This amount covers franchise fee, refundable security deposit to premises owner (rental advance), interiors, storage racks, furniture, computer systems, and printer, branded stationery and initial inventory (stocks).

In addition to this, you must be prepared for an additional investment towards working capital to fund non-moving inventory and initial operating losses. MedPlus will provide with a large mix of medical and general products.

You will be able to start with a self-investment of 6-8 lakhs. The rest of the capital can be arranged in the form of a loan through the financial assistance scheme in place with SBI exclusively for MedPlus Franchisees.

Anybody can start MedPlus franchise retail pharmacy store. However, a pharmacist qualification is always preferred.

At a minimum, the candidate should have completed SSC or Intermediate level education. Prior experience in a pharmacy or managing a small business will be an added advantage in the selection process.

The company prefers individuals who will manage the pharmacy operations rather than through employees.

Any town with more than 50,000 population would be suitable for a Medplus Pharmacy Retail Store.

A minimum of 300 Sft or more in the main market area with good frontage and unrestricted access to the premises is preferred.

MedPlus Franchise Retail Pharmacy Store Contact Details.

If you are interested in knowing more about the MedPlus franchise opportunity, contact at the following 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
Ph.No: 040 6700 6700