Are You Considering a MedPlus Franchise? To know about the medplus franchise cost, total franchise investments? Then you are in the right place! If you’re eyeing the pharmaceutical industry, the MedPlus franchise presents an enticing opportunity. But is the MedPlus pharmacy franchise cost worth the investment? This blog explores the medplus pharmacy franchise cost benefits, costs, and potential returns to help you make an informed decision.
Medplus Franchise Details
| Medplus Pharmacy Founder | Dr. Madhukar Gangadi |
| Founded Year | 2006 |
| No of Medplus Pharmacy outlets | 1,500 |
| Operations | Retail and Wholesale |
MedPlus, one of the leading and fastest growing healthcare retail chains in India, was founded by Dr. A.K. Founded by Madhukar Gangadi. Since its launch in Hyderabad, MedPlus has expanded tremendously, now operating over 4,230 MedPlus franchise pharmacies across the country, serving over 250,000 customers daily and employing over 10,000 people. In 2015, MedPlus launched its online platform, MedPlusMart.com, which quickly became the nation’s largest e-business for nutritional supplements, pharmaceuticals, OTC drugs and hygiene products Those who eye except for the MedPlus franchise, this growth story highlights the brand’s dominant market presence and success.
Investment required for a Medplus pharmacy franchise cost
Depending on the Location and size of the Premises, The Medplus franchise requires a total investment ranging from ₹17.50 lakhs to ₹20 lakhs.
This investment includes the MedPlus Pharmacy franchise cost, covering expenses such as furniture, branded stationery, necessary inventory, computer systems and printers, interior setup, and a refundable security deposit. The Franchisees should be able to prepare at least ₹6 to ₹7 lakhs of their own funds as part of this total investment, By way of MedPlus’s partnership with SBI, the remaining loan amount may be provided with collateral valued at around 6 lakhs under a unique program.
Why the Medplus franchise?
- MedPlus franchise is a highly recognized and trusted brand known for its integrity and numerous customer benefits.
- Operates over 1,350 MedPlus franchise pharmacies across more than 150 cities in 12 states.
- MedPlus franchise is a well Known brand with providing quality and genuine medicines including the convenience of an e-pharmacy with door-to-door delivery
Requirement to start a Medplus franchise
- MedPlush franchise is Ideal for dedicated, diligent, and hard-working individuals.
- Must be able to oversee Medplus franchise pharmacy operations directly rather than relying solely on staff.
- A pharmacist qualification is helpful but not mandatory to start your MedPlus Franchise
- Candidates should have at least an SSC level education.
Location for MedPlus Franchise
A store in the main market area should have a minimum floor area of 300 square feet or more, a nice frontage, and free access to the property.
Application process for Medplus franchise
To apply for a MedPlus franchise, visit the official website at https://www.medplusindia.com and click on the ‘Contact Us’ option for details. Alternatively, you can apply through Franchise Bhoomi, South India’s first listing platform for franchise businesses.
Supports provided by Medplus franchise
- Complete Assistance in selecting the right pharmacy location
- Helps with complete layout planning and branding materials for the MedPlus franchise outlet
- Offers provision of furniture and systems
- Training will be given for both the MedPlus franchise and the employees.
- MedPlus Pharmacy facilitates bank loans in collaboration with SBI Bank, if needed.
Success Stories
Many MedPlus franchisees have achieved remarkable success, attributing their growth to the strong brand presence, robust support system, and customer-centric approach of MedPlus. Here are a couple of inspiring stories:
- Mr. Rajesh Sharma, Hyderabad: Rajesh started his MedPlus franchise 2006 and has since expanded to three additional locations. His focus on excellent customer service and community engagement has earned him a loyal customer base and impressive revenue growth.
- Ms. Priya Menon, Bangalore: Priya’s MedPlus pharmacy stands out for its innovative use of technology, offering seamless online ordering and home delivery services. Her commitment to adapting to market trends has made her store a go-to destination for healthcare products in her locality.
Conclusion
MedPlus is a highly recognized and trusted brand by the customers for their quality services in the Healthcare sector. With over 4230 pharmacies in more than 150 cities, MedPlus is offering genuine medicines to their customers with great quality for Money.
FAQ:
Depending on the Location and size of the Premises, The Medplus franchise requires a total investment ranging from ₹17.50 lakhs to ₹20 lakhs. This investment includes the MedPlus Pharmacy franchise cost, covering expenses such as furniture, branded stationery, necessary inventory.
In the MedPlus franchise, returns on total sales are typically 20%, but bigger margins are available for private brands or other generic medications.
MedPus Pharmacy is the best franchise in the organized retail medical store. The Medplus franchise requires a total investment ranging from ₹17.50 lakhs to ₹20 lakhs.
