Medplus Franchise starting guide along with investment,profit and contact number details.
MedPlus Health Services Pvt. Ltd is India’s giant health pharmacy who provides pharmacy franchise in any corner of India.Medplus runs multiple business,these are known as Medplus mart , labs, Ritecure,Medplus lens .The company was founded in 2006 in Hyderabad.Today they have more than 1000+ outlets in India which serves medicines 2 lac customers on daily basis via fastest logistics and offline stores.Their state-of-the-art diagnostic lab helps to diagnose wide range of illness.Medplus recently launched community care special service which lets you find best doctors.If you are ready to start medicine franchise,Medplus franchise should be your best choice.
Why Medplus Pharmacy ?
You will love trusted brand and genuine products. Medplus has all these quality that will turn you to be their partner.People already have faith and trust on their medicines.You can start selling medicines from the day one.No marketing,no promotion or advertisement required to boost your sales.The company do all the job,you just earn profit by selling their products and services.Currently Medplus has 1350 pharmacies in 150 cities.It will be expanded more as time passes.Besides that,you get 24/7 customer service which resolve any issue while running your business.
What are the Benefits Of Medplus Franchise ?
Before taking franchise of any company,the main thing which we need to know,what are the benefits ? So in this section we will tell you,why you should take their franchise.These are as follows :
- Medplus is highly reputed and well organized from all aspects.You get all great benefits as soon as you become their partner.
- You connect with India’s largest retail pharmacy chain.It ensures that almost all health related products and services are available.
- In medicine business,the first priority is to provide medicine genuine and best quality medicines.With Medplus,you don’t need to worry about that.All medicines are checked by top pharma experts and delivered to customers.
- Starting business with them not only let you earn money,but you get a profession which earns social reputation.
- You get training,support and knowledge from their largest pharmacy hub.It is only possible for their modern technology and experts capability.
- You get branded pharmacy with very low investment,its around 17 lakh to 20 lakh.
- If you are out of money for taking the franchise,you can apply for SBI special loan scheme which gives up to 60% credit for your investment.
- You enjoy higher customer retention and can easily generate business volume up to 2 to 3 time more comparing other competitors.
- The unique reward program attracts customers and you get repeated business.This program is called flexi rewatds.
- Last but not the least the premium brand and quality product lets you earn high profit with minimized risk.
What locations are available for franchise ?
The company team working hard to open franchise in every corner of India.But still in initial phase they are offering in few states.These states are Telangana, Tamil Nadu, Andhra Pradesh and Karnataka.We will update the data as soon as we ,they are available widely.
What are the investment require to get Medplus franchisee ?
The investment amount depends on the particular location where you like to open Medplus outlet.According to their official data the investment fee is between 17.5 lakhs to 20 laks.This total amount covers franchisee fee, refundable security deposit to premises owner,storage racks, interiors, furniture, computer systems and printer, branded stationary and initial inventory (stocks).
What is the eligibility criteria to become Medplus partner ?
- Individuals who are ready to work hard, diligent and dedicated are welcome to apply for the franchise
- Pharmacy store business often get successful when the owner personally manage everything.You can always hire employee but you should also have good knowledge.Therefore personal management ability gives you a special priority.
- As you know that,for running any kind of business you require basic mathematical knowledge for profit and loss calculation.If you believe you can trade without any complication,you can jump on it.
What support does Medplus offer to their franchise ?
- The company helps in selecting the right location for the store
- Identify the store and finalize the lease
- You get support regarding layout plan, furniture and systems required,branded equipment.
- Complete Training for the franchisee is provided
- If you require bank loan,they help you to get the loan.
- Operational support through the operation of the store
- Audit support
Agreement and Terms Details
The franchise owner needs to sign on MOU (Memorandum of understanding) papers.It contains all written statement about company’s terms and conditions.The standard agreement period could be 3 to 5 years.However,when agreement terminated,you can always renew it.
Required space for opening pharmacy
Location is vital part for business.If a premises or location has more than 50,000 population then you can easily start any pharmacy store.Lets come to the area requirement.A minimum of 300 Sq.ft or more space is enough to start franchise.Make sure that store has good front area and unrestricted access.It helps customer to stand and park vehicle for temporarily.
Education & Experience
- If you have pharmacist qualification, it will help you manage your store.But its not mandatory.
- a minimum qualification which is demanded by the company is , a candidate should have at least SSC level education
- Earlier if you used to work in any pharmacy store,you will get first priority on franchise selection.
Medplus pharmacy specialties :
Retails Chain of Pharmacies,MedPlus Onilne Pharmacy, Online Kirana Stores, Kitchen Appliances, OTC Drugs, Online Lens Store, Online Labs, Online Grocery Store PathLabs and Clinics,
- Official Website : https://www.medplusindia.com/
- Office Locations : GSR Estates, B Block, D.No. 11-6-56, Survey no. 257 & 258/1, Opp: IDPL Railway siding Road, Balanagar, Hyderabad, Andhra Pradesh 500037, IN
- Contact Number : 730 540 5500 / 843 100 2002 / 868 858 1100
- Email support : firstname.lastname@example.org
Faq Related Medplus Franchise
Is MedPlus franchise profitable?
Yes, you earn high profit on your total business volume.Besides this you get reward and incentives time to time based on your performances.You can start their franchise without any second thought.
How do I get a MedPlus franchise?
Medplus has made it easy to apply for their franchise program.Visit their official website i.e ( https://www.medplusindia.com/franchise.htm ) There you can find all franchise related details with video testimonal.You can directly call to their number.You can also send email , we have mentioned the email in our post.Send your message with basic details and wait for their reply.They typically reply within 7 days.
Who is the owner of MedPlus?
Dr Madhukar Gangadi is the owner of Medplus who founded the company in 2006.
How much profit is expected from Medplus ?
It depends on your sales.The more you sale , you earn more .We recommend you join with their other services also like LAB, doctor consulting services.It brings more customers,thus you earn more profit.