Medplus franchise is one of the great Medical store Franchises in India. We will discuss Medplus Franchise Cost, Profit, and How to Start the franchise.
Starting in 2006, The franchise now has 1500+ outlets in almost all States of India. The franchise has a huge variety of medicines.
The brand is one of the biggest E-pharmacy platform today. You can directly enroll for the Medplus Franchise by filling up the Google Form.
Table of Contents
Medplus Franchise Cost
Medplus Franchise Cost ₹17,50,000 Rupees to ₹17,50,000 Rupees as an initial investment. The Franchise Fee is not disclosed by the brand. The minimum area required is 200 Square Feets. No Royalty will be charged on Sales.
The bifurcation of the cost is given below-
- Materials will be provided by the franchisor
- Training will be provided by the franchisor and hiring should be done locally by the franchisee or can be provided by the franchisor
- Software training on billing and inventory management software will be provided
Medplus Franchise Profit
We will analyze Medplus Profit Margin with the help of an example. We will deduct all the expenses from the Gross Sales. We are assuming Sales of 3,00,000 Rupees i.e. 10,000 Rupees per day.
|Gross Sales||3,00,000 Rupees|
|Material Cost @60%||(1,80,000) Rupees|
|Electricity and Water Supply||(5,000) Rupees|
|Salary of Workers and their Expenses||(25,000) Rupees|
|Other expenses||(5,000) Rupees|
|Net Profit||60,000 Rupees|
We can conclude that the Net Profit Margin of the Medplus Franchise is 20% for Sales of 3,00,000 Rupees. The outlet may have less profits in the initial days but the Medical store will gain high popularity eventually and will have great demand in the market.
After good Local Marketing and Branding, the Sales will increase to 4 Lakh Rupees per month and the profit margin will be 25% on Sales or 1,00,000 Rupees.
Location is crucial in determining a franchise’s success rate along with quality and service.
The location should have a very high footfall. It should be in the main market of that area. A corner outlet is the most preferable option.
You can open the outlet nearby colleges, corporates, or any place where people need to have a medical store.
How to get Medplus Franchise?
To get the Medplus Franchise, you have to fill out the Google form below then we will allot you a franchise specialist who will guide you the best.
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