Starting out a MedPlus Pharmacy franchise is a very rewarding option in India’s growing health and retail care sector. As access to affordable and quality drugs becomes a greater issue, MedPlus has become the most reliable pharmacy chain in the country. If you are looking to get into the pharma retail field with a proven brand, MedPlus is a great play. Here’s what you need to know about getting into the MedPlus Pharmacy franchise, including the investment outlay, requirements and what returns to expect.

About MedPlus Pharmacy

Founded in 2006, MedPlus is the 2nd largest player in India’s pharmacy chain segment, which we also see to be run out of thousands of stores in many states. As a brand, they have come to be known for making available to the public quality medicines, health supplements, personal care products, and medical equipment at competitive prices. Also, MedPlus puts a large focus on building customer trust and quality assurance, which is at the core of what they do and also in technology-based services like online order options and doorstep delivery.

Why Choose MedPlus Franchise?

Partnering with MedPlus provides numerous advantages: Partnering with MedPlus provides many benefits:

• Established Brand: With great name recognition and extensive reach, MedPlus has its first day to earn customer trust.
• Technology Integration: The brand provides a large-scale integrated platform for online and offline marketing, which in turn results in a larger customer base.
• Support and Training: Franchise owners will also benefit from full operational support, staff development, and marketing help.
• Transparent Operations: MedPlus has a standard business model which we apply to all our processes, thus ensuring full transparency in billing, inventory and pricing.

Investment Required

Starting out a MedPlus franchise is an investment that, in many cases, is higher than that of other pharmacy chains. We see the breakdown to be as follows:.

• Franchise Fee: ₹5 – 6 lakhs (one-time, non-refundable).
• Store Setup and Interiors: Between 8 and 10 lakhs (based on location and size).
• Initial Inventory: 10-12 lakhs (for medicines and healthcare products).
• Miscellaneous Costs: Rs. 2 3 lakhs (for licenses, furniture, signage and so on).
• Total Investment: In India, a franchise of MedPlus Pharmacy will set you back by around 25 30 lakhs.

Space and Location Requirements

A MedPlus franchise is usually of a size between 300 and 500 sq. ft. We see that for optimal performance, the brand recommends that they be put up in high traffic areas, which may be in proximity to hospitals, residential areas, or commercial centres. Also, we have the brand’s support, in which they help out franchisees in choosing the very best location, which in turn will see to it that we get the maximum footfall and sales.