Medlife Franchise: Pharma industry in India is always a profitable business as the Indian pharmaceutical sector supplies 50% of the medicines in the world and when it comes to Medlife, it is one of the largest online pharmacies in India that provides many pharmacy services within India. This company was started in the year 2014 by Tushar Kumar and Prashant Singh with affordable healthcare services and today MedLife has a 30% share of the e-Pharma market in India.
Today this company has opened its store on more than 25000 pin codes and is gradually increasing the number of pins this company acquired E-Clinic, Medlabz, and Myra all from the year 2017 the company started giving its franchise. And within 2 years, the company has increased its network a lot, so if any person wants to do business with MedLife, then they can take MedLife Franchise.
What is a MedLife Franchise?
Dealership or Franchise, if you do not know, then we tell a little bit that a very big company wants to increase its network but it cannot work itself everywhere, then it will branch in its own name. Opens from and gives authorization to sell its products or services, it is called a Dealership or Franchise.
Similarly, Medlife also gives franchises for getting its stores and online delivery, but the rules of this company are many, this company wants to give good services to its customers at the right time, so whoever takes the franchise of the company, follows all the rules.
Medlife Franchise Cost
A store has to be opened in it, after that the company has to pay a security fee and some workers are required and some goods have to be taken like; Investments have to be made for all these things like boards, printers, computer systems, and store interiors.
And the investment in this depends on the land and the store because if you have your own land then work will be done in less money and if you have to buy land or rent it then you will have to invest more, after that the bigger the store the more investment. And the smaller the business, the less investment will be required.
- Store: Around Rs.50,000 To Rs.70,000
- Franchise Fee: Rs.15,000
- Other Cost: Around Rs.50,000 To Rs.70,000
Total Investment: Around Rs.1 Lakhs To Rs.1.50 Lakhs
Land Required For Medlife Pharmacy Franchise
Talk about investment in this, land is needed for a store and a godown, both of these land is needed and the land will depend on the store, how big store to open and how small store to open But if there are some rules of the company related to location and land, then those rules will have to be followed.
- Store Area: 120 sq. ft To 150 sq. ft
- Godown Area: 200 sq.ft To 500 sq. ft
Total Space: 500 sq. ft To 700 sq. ft
Documents Required For MedLife Pharmacy Franchise
Personal Document (PD): – There are many documents inside the personal document such as:
- ID Proof: Aadhaar Card, Pan Card, Voter Card
- Address Proof: Ration Card, Electricity Bill,
- Bank Account With Passbook
- Photograph, Email ID, Phone Number
- Financial Document
- GST Number
Property Document (PD): Documents of Property Document are checked
- Complete Property Document With Title & Address
- Lease Agreement
MedLife Franchise Apply Online
If you want to apply online for MedLife Pharmacy Franchise, then you cannot apply online for this, for this you will have to contact the company where some details will be asked such as – Name of the applicant, name of the company, or firm (if any), your office address, official email address for all kinds of conversations, applicant’s mobile number, etc. will then be registered from there.
MedLife Pharmacy Franchise Profit Margin
In this, the company gives profit margin according to the product and services, so if you want to get more information about profit margin, then you have to contact the company from there you will get all the information.
MedLife Pharmacy Franchise Contact Number
Mail at: firstname.lastname@example.org
Call at: 1860 1234 1234
Address: 5th & 6th Floor, Vaswani Centropolis, Langford Road, Shanti Nagar, Bengaluru, Karnataka 560027
MedLife Pharmacy Franchise Expansion Location
- North: Delhi, Uttar Pradesh, Haryana, Himachal Pradesh, Punjab, and Uttaranchal
- South: Kerala, Karnataka, Tamil Nadu, Andhra Pradesh
- East: Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
- West: Gujarat, Rajasthan, Maharashtra, Goa
- Central: Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
- Union Territories: Pondicherry, Chandigarh, Lakshadweep, Daman and Diu, Jammu and Kashmir,