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Do you want to open a the MedPlus franchise outlet in your area? Find here a complete detail with 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.
online pharmacy & general store, MedPlusMart.com, launched in 2015 has quickly grown to become the biggest e-Pharmacy in the country today. Through MedPlus Mart, customers can buy medicines, OTC products, FMCG and nutrition products from the convenience of their home or through mobile, read important information about medicines, store their health records, view their prescription history and redeem rewards.
Additionally, the company offers free home delivery in several of the locations where our store is present.
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 will need 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. You can arrange the rest of the capital 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 pharmacy operations rather than through employees.
Any town with more than 50,000 population would be suitable for a Medplus Pharmacy Retail Store.
You need a minimum of 300 Sft or more in the main market area with good frontage and unrestricted access to the premise.
MedPlus Franchise Benifits
- Medicines are an essential need just like food, clothes, and shelter (Roti, Kapda Aur Makaan)
- Pharmacies can be operated around the year, round the clock
- It’s a recession free business. Families may cut down on luxuries but continue to purchase medicines to maintain health
- If the pharmacy is able to manage its stock well and make the necessary products available in time, then success is assured
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