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How to Start MedZone Pharmacy Franchise in India – Complete Guide

Are you looking forward to starting the MedZone franchise business in India? Find in this post, complete details including cost, investment, and contact details for the opening of the MedZone pharmacy franchise business.

MedZone* is a subsidiary company of Ethix Healthcare. The first MedZone pharmacy store opened in Bangalore. Today, MedZone is one of India’s leading pharmacy chains throughout India serving countless customers daily. Medzone Pharmacy offers Ethix pharmaceutical products to its clients at reasonable prices.

However, the franchise owner of MedZone is free to sell products of other companies too. Ethix Pharmaceuticals is an ISO and GMP-certified company. The company manufactures products in its own factories.

MedZone franchise business model supports you with monopoly rights, equity ownership, autonomy, management of your own business, and long-lasting relationships with your customers. Therefore it forms the base for a profitable service industry in your preferred location.

MedZone Franchise Pharmacy Cost in India

The approximate cost of starting a MedZone pharmacy shop will be around 1 Lac Rupees. The franchise fee is a one-time investment (Tenure-5 years) which is non-refundable and attracts no interest rates. The company charges Rs. 39,850 plus 18% GST Tax. as a franchise fee.

The royalty fee is 1% of the gross sales value The franchise agreement will be renewed once in 5 years.

The area requirement for starting a MedZone franchise pharmacy retail outlet is a minimum of 130 Sq.ft. The company will help you in acquiring licenses like GST/FSSAI/ISO/DL. In addition to this, you will need to equip your premises with equipment as instructed by the franchisor.

Also Read: Top Pharmacy Franchise Business in India

5 Steps to Start Medzonne Franchise

medzone franchise store
source – medzone

1. Research and Planning

Before diving into the world of franchising, take the time to conduct thorough research and planning to ensure a solid foundation for your MedZone franchise venture.

Market Analysis: Begin by researching the healthcare landscape in your target location. Identify areas with high demand for medical services, underserved communities, and potential competitors to assess the viability of a MedZone franchise in that area.

Franchise Requirements: Familiarize yourself with the franchise requirements and eligibility criteria set forth by MedZone. Review the franchise disclosure document (FDD) and franchise agreement carefully to understand the terms and conditions of the franchise relationship.

Financial Planning: Develop a comprehensive business plan outlining your financial projections, startup costs, and funding sources. Consider factors such as franchise fees, initial investments, and ongoing operational expenses to ensure you have the necessary capital to launch and sustain your MedZone franchise.

2. Franchise Application and Approval

Once you’ve completed your research and planning, it’s time to submit your franchise application to MedZone and begin the process of becoming a franchisee.

Application Process: Contact MedZone’s franchise development team to express your interest in franchising and request an application packet. Complete the application form and provide any required documentation, such as financial statements and personal background information.

Evaluation and Approval: MedZone will review your application and conduct an evaluation to assess your suitability as a franchisee. This may include interviews, background checks, and financial assessments. If approved, you’ll receive an official franchise offer from MedZone.

Franchise Agreement: Review the franchise agreement in detail with legal counsel to ensure you fully understand your rights and obligations as a franchisee. Once both parties have signed the agreement, you’ll officially become a MedZone franchisee.

3. Location Selection and Setup

With your franchise agreement in hand, it’s time to select a prime location for your MedZone franchise and prepare for the grand opening.

Location Analysis: Work closely with MedZone’s real estate team to identify potential locations for your franchise. Consider factors such as foot traffic, visibility, accessibility, and demographic profile to select a site that meets MedZone’s criteria and aligns with your target market.

Store Design and Construction: Collaborate with MedZone’s design and construction teams to create a welcoming and functional space for your franchise. Customize the interior layout, signage, and decor to reflect the MedZone brand and provide a comfortable environment for patients and staff.

Equipment and Supplies: Procure the necessary medical equipment, supplies, and technology required to operate your MedZone franchise. Ensure compliance with MedZone’s standards and protocols for patient care, safety, and hygiene.

4. Staff Recruitment and Training

As you prepare to launch your MedZone franchise, focus on assembling a team of dedicated healthcare professionals who share your commitment to excellence.

Recruitment Process: Advertise job openings for physicians, nurses, medical assistants, and administrative staff through online job portals, professional networks, and recruitment agencies. Conduct thorough interviews and background checks to select candidates who embody MedZone’s values and standards.

Training and Development: Provide comprehensive training and orientation programs for your staff to familiarize them with MedZone’s policies, procedures, and protocols. Emphasize the importance of patient care, communication skills, and teamwork to ensure a seamless and positive patient experience.

5. Grand Opening and Marketing

With everything in place, it’s time to celebrate the grand opening of your MedZone franchise and start attracting patients to your clinic.

Launch Event: Host a grand opening event to introduce your MedZone franchise to the community and generate excitement. Offer special promotions, free health screenings, and giveaways to encourage attendance and engagement.

Marketing Campaign: Develop a comprehensive marketing campaign to promote your MedZone franchise and attract patients. Utilize a mix of traditional and digital marketing tactics, including print ads, radio spots, social media posts, and email newsletters, to reach your target audience and drive foot traffic to your clinic.

Community Engagement: Establish partnerships with local businesses, schools, and community organizations to increase awareness of your MedZone franchise and demonstrate your commitment to the community. Participate in health fairs, wellness events, and charitable initiatives to engage with potential patients and build trust and credibility.

Also Check: How To Open Patanjali Franchise Business

Supports Available for MedZone Franchise Owners

  • You get all the basic stock of 1000+ products from our own factories with a 65% discount on its MRP.
  • The company assists you in buying all the Important Equipment
  • Additionally, the company helps you to obtain all necessary (GST/DL/FSSAI (trade)/ISO) license numbers.
  • Franchisee Authorization (framed) Certificate
  • Franchisee Performance-based Achievement Award
  • The company helps in recruiting and continuous professional training for the staff.
  • The brand provides Medzone billing software with a mobile application
  • Inventory management through the company’s billing software.
  • Guide to compiling sales tax/income tax/audited balance sheet by a chartered accountant.
  • Value-added FMCG products like food supplements and Ayurvedic products will be provided by Ethix
  • Soft copy of advertising content to promote the business in local electronic media (Cable TV) and print media/banner/stands/stickers/(No – Parking) Board.

MedZone Franchise Contact Details

You can contact the company officials at the following address:

Medzone: 94, 4th Avenue, Sundar Nagar, Guindy, Chennai – 600 032, Tamil Nadu, India.

About Next What Business Research Team

The Editorial Staffs at NextWhatBusiness is a team of Business Consultants with years of experience in small and medium-scale manufacturing and service-based businesses.