{"id":26146,"date":"2021-02-18T12:28:56","date_gmt":"2021-02-18T06:58:56","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=26146"},"modified":"2021-02-18T12:29:25","modified_gmt":"2021-02-18T06:59:25","slug":"medplus-franchise-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/","title":{"rendered":"MedPlus Franchise in India: How it can helps Startup to Grow?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Are you aware that\nalmost 95% of the global population is dealing with potential health disease?\nAnd more than 60% of people globally are on medication. In the existing\nscenario, the pharmacy business plays a pivotal role in India. Do you intend to\nstep into the pharmacy business to reap good revenue? If so, then getting a\nMedPlus franchise could be the best bet for you. With such a business model,\nyou will be able to serve dual purposes.<\/p>\n\n\n\n<p>First, of course, you will earn a considerable amount of revenue, and seconds, you can help people with their medication. MedPlus franchise business can support your dream of being a prominent business house in the future. Pharmacy business practically remains untouched from recession or compromised financial health of the country.&nbsp;Through this blog, you will gain fruitful insight into <a href=\"https:\/\/corpbiz.io\/franchise-agreement\"><strong>franchise agreements<\/strong><\/a> so that you can start the business journey in a seamless fashion.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#An_Overview_on_MedPlus_Market_Dominance\" >An Overview on MedPlus Market Dominance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#Why_is_MedPlus_Franchise_so_Effective\" >Why is MedPlus Franchise so Effective?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#Locations_and_Space_Requirements_for_Obtaining_MedPlus_Franchise_in_India\" >Locations and Space Requirements for Obtaining MedPlus\nFranchise in India&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#Potential_Benefits_of_having_a_MedPlus_Franchise\" >Potential Benefits of having a MedPlus Franchise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#What_are_Support_Protocols_that_MedPlus_Follows_for_their_Franchisees\" >What are Support Protocols that MedPlus Follows for their Franchisees?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#Growth_Prospect_of_Pharmacy_Retailing_in_India_in_Years_to_Come\" >Growth Prospect of Pharmacy Retailing in India in Years to\nCome&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/medplus-franchise-in-india\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Overview_on_MedPlus_Market_Dominance\"><\/span>An Overview on MedPlus Market Dominance <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MedPlus ranks among the\nlargest retail pharmacies in our country for the past few years. It came into\nexistence in 2006 in Hyderabad. At present, almost 14,000+ individual are\nworking as an employee for MedPlus pan India. MedPlus has a diversified\nbusiness footprint all across the nation. Today, the company is serving in\nalmost 1500+ locations in India, accompanied by 150+ franchise stores located\nin different regions. Furthermore, the company also leverages the digital\nplatform to provide online services to potential customers.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_MedPlus_Franchise_so_Effective\"><\/span>Why is MedPlus Franchise so Effective?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>MedPlus is a reputed and well-known brand that mitigates any requirement for future promotion.&nbsp;<\/li><li>Known as the largest pharmacy chain in the country.&nbsp;<\/li><li>Also, have an online marketplace for people who prefer buying online.&nbsp;<\/li><li>Employs versatile delivery protocol including Door-to-door delivery<\/li><li>Provides authentic and quality medications to the customers.&nbsp;<\/li><li>Ensures 100% customer satisfaction through cost-effective and best in class services.&nbsp;<\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/patanjali-franchise-business-in-india\/\">How to Start a Patanjali Franchise Business in India?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Locations_and_Space_Requirements_for_Obtaining_MedPlus_Franchise_in_India\"><\/span>Locations and Space Requirements for Obtaining MedPlus\nFranchise in India&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Although the franchises are provided only to fewer states such as Andhra Pradesh, Tamil Nadu, <em><strong>Karnataka<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Karnataka\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>, and Telangana, any region holding more than 50,000 populations would be sufficed to open a MedPlus Pharmacy.&nbsp;<\/p>\n\n\n\n<p>Apart from that, a\nminimum of 300 Sq.ft. of area is required by the applicant to open such a\nbusiness in a prescribed demand zone.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Investment Capacity<\/h3>\n\n\n\n<p>MedPlus pharmacy\nfranchise business seeks a nominal investment of 6-7 lakh only. The franchisee\nhas to reserve a collateral property that worth not less than Rs 6 lakhs to\navail a loan under a special scheme headed for the leftover investment.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Investment Details Regarding the Franchise Store<\/h3>\n\n\n\n<p>You will require a total\ncapital of Rs 17.5-20 lakhs depending on the business zone and size of the\nestablishment. This amount encompasses franchise fee, furniture, IT set up,\ninteriors, initial inventories, and storage racks.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Potential_Benefits_of_having_a_MedPlus_Franchise\"><\/span>Potential Benefits of having a MedPlus Franchise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Medplus\nhas a strong customer base in India. At present, the company is serving more\nthan 2.5 lakhs customers on a daily basis. More the 12000 employees hold the\nbackend of the company\u2019s operation. Resident situated near the Medplus store rejoices\nthe benefits like free home delivery.<\/li><li>MedPlus\nis a company that employs rigid business structures that ensure the seamless\ncoordination between all the departments. For this reason, the company has now\nsecured a 6-7% market share in an incredibly short period.&nbsp;<\/li><li>The\nretail pharmacy is projected to witness stable growth in upcoming years. As per\nexperts, the sector may grow around 20% year on year.&nbsp;<\/li><li>The\ncompany employs the best training module to educate the franchisee. Apart from\nthat, the company also offers the best of support to individuals and helps them\novercome day-to-day hindrances.&nbsp;<\/li><li>MedPlus\nexcels on the quality workforce, expertise, technology &amp; execution\nabilities that operate synergically.&nbsp;<\/li><li>Having\na MedPlus franchise would ensure fiscal aid from leading banks, including from\nState Bank of India (SBI), to achieve a desired business goal. At present,\nfranchisees are eligible to avail loan from SBI on account of a special scheme\nfor about 60% of your investment requisites.&nbsp;<\/li><li>The\nbranding power of MedPlus can let you rejoice higher customer retention &amp;\nrecurring incomes owing to repeat purchases<\/li><li>Ensure\nsustainable business growth with a higher profit margin owing to the strong\nbranding and market presence of the company.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_Support_Protocols_that_MedPlus_Follows_for_their_Franchisees\"><\/span>What are Support Protocols that MedPlus Follows for their Franchisees?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/WWhat-are-Support-Protocols-that-MedPlus-Follows-for-their-Franchisees.png\" alt=\"What are Support Protocols that MedPlus Follows for their Franchisees\" class=\"wp-image-26190\" width=\"445\" height=\"443\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/WWhat-are-Support-Protocols-that-MedPlus-Follows-for-their-Franchisees.png 900w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/WWhat-are-Support-Protocols-that-MedPlus-Follows-for-their-Franchisees-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/WWhat-are-Support-Protocols-that-MedPlus-Follows-for-their-Franchisees-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/WWhat-are-Support-Protocols-that-MedPlus-Follows-for-their-Franchisees-768x766.png 768w\" sizes=\"(max-width: 445px) 100vw, 445px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growth_Prospect_of_Pharmacy_Retailing_in_India_in_Years_to_Come\"><\/span>Growth Prospect of Pharmacy Retailing in India in Years to\nCome&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The pharmacy retail\nmarket in our country has seen considerable growth over the past few years due\nto epidemiological transition and favorable demographic factors. On account of\nrevenue, the pharmacy retail market in our country valued at Rs 996.68 billion\nin the year 2016, and it\u2019s expected to secure INR 2,330.2 billion by 2024. <\/p>\n\n\n\n<p>This market is primarily\ndominated by the unorganized local players. However, the level of competition\ncoming from organized players and online retailers is slowly undermining their\ngrowth potential\/&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MedPlus is well aware\nthat customer retention is the key that keeps businesses generating improved\nrevenues over time. This is the primary reason why they stress supply chain\nmanagement and franchisee support. To ensure that all the franchisees work\ncohesively, they provide quality support to the concerned entity in their\nsupply chain through their resources.<\/p>\n\n\n\n<p>Hopefully, this write-up has made you aware of the vital aspect of the MedPlus Franchise along with the benefits. If you still have some queries related to this business field, kindly drop your concerns in the comment section.&nbsp;<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/food-franchise-business-in-india\/\">Food Franchise Business in India- Everything You Should Know <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you aware that almost 95% of the global population is dealing with potential health disease? And more than 60% of people globally are on medication. In the existing scenario, the pharmacy business plays a pivotal role in India. Do you intend to step into the pharmacy business to reap good revenue? If so, then [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":26189,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1504],"tags":[1542],"acf":{"service_id":"105"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":7344,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26146"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=26146"}],"version-history":[{"count":17,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26146\/revisions"}],"predecessor-version":[{"id":26193,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/26146\/revisions\/26193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/26189"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=26146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=26146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=26146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}