An ideal franchisee must have the following characteristics to become a MedPlus franchisee. Of this amount, the franchisee should be able to invest the Rs 6-7 Lakhs himself and be able to obtain the credit in the form of a loan under a special program through the State Bank of India throughout India, subject to a guarantee of about 6 Lakhs The total investment in creating a MedPlus franchise will be about 17 to 20 Lakes depending on the location and size and the condition of the premises. To come to the last question, is MedPlus profitable in the long run? The future of MedPlus is bright, as the CEO expands the reach and builds new medical blinds through the franchise method. However, the current focus is more on southern Indian states such as Bangalore and Hyderabad. Across India, MedPlus franchises are currently only offered in the states of Andhra Pradesh, Telangana, Tamil Nadu and Karnataka. Before taking the franchise of a company, the main thing that we need to know what are the advantages? In this section, we will tell you why you should take your deductible. These are as follows: the origin of the activity dates back to February 2006, when an idea to create a pharmacy offering quality medicines at market prices took place in Hyderabad. Dr. Madhukar Gangadi created the franchise with the goal of shaping the future of health. It is with great interest that I write this letter to apply as a franchise of the “MEDPLUS” franchise in Andhra Pradesh. I did a little research on your business and I think it is adapted to my financial capabilities.
My wish is to set up a shop in Kadapa or other places in Andhra Pradesh where you will offer other nearby sites that are available. I graduated in Pharmacy, RGUHS University, Harapanahalli, Karnataka. Type of property needed for this franchise commercial space sui Now, the owner should be able to invest at least 6-8 lakhs, and then the remaining balance can be loaned for the rest. MedPlus` agreement with SBI allows, as part of a special program, to give the balance of the loan with a guarantee of about 6 Lakhs. The total expenses related to the creation of a MedPlus franchise are expected to be between 17.50 lakhs and 20 lakhs, which vary depending on the location, size and condition of the premises. The investment includes franchisee fees, a deposit refundable to the owner of the premises (rental advance), interior spaces, storage shelves, furniture, computer systems and printers, branded paper and a necessary inventory (stocks). Pharmacy distributor MedPlus Health Solutions Pvt Ltd will expand its reach to Telangana and Andhra Pradesh through the franchise model. The investment is only between Rs.6 and 7 Lakhs. The franchisee must hold a guarantee with a minimum value of Rs.6 Lakhs to obtain a loan under a specific program for the rest of the investment. The franchise holder must sign MOU (Memorandum of Understanding) papers. It contains all written statements about the general conditions of the company. The standard duration of the contract can last from 3 to 5 years.
However, if the contract is terminated, you can renew it at any time. Overall returns are also influenced by the availability and location of the pharmacy, but a good sale can bring more than Rs. .