How to Start a Medical Franchise Business – Step-by-Step Guide

Franchise Business

Starting a medical store can be profitable, but doing it strategically ensures sustainability and growth. Here is a practical step-by-step guide for beginners planning to enter the healthcare retail sector.

Step 1: Conduct Market Research

Identify:

A good location can increase potential revenue by 30–50%.

Step 2: Finalize Business Model

You can start as:

For new entrepreneurs, franchise model is safer due to ready network, supplier tie-ups and brand trust.

Step 3: Licensing Requirements

To open a medical store in India, you typically need:

  • Drug License (from State Drug Control Department)
  • GST Registration
  • Shop & Establishment License
  • Pharmacist Registration (In case needed)

    • MediNest4u assists completely in documentation & approvals.

    Step 4: Investment & Setup

    Investment includes:

  • Interior Setup
  • Furniture & Fixtures
  • Pharmacy Software
  • Initial Stock Purchase

    • Average investment varies depending on size, but franchise reduces cost significantly due to bulk stock procurement.

    Step 5: Procurement & Supplier Network

    Connecting with trusted distributors matters. MediNest4u provides:

  • Verified supplier network
  • Lower procurement rates
  • Inventory planning support

    • Step 6: Marketing & Operations

  • Customer loyalty programs
  • Local doctor tie-ups
  • Online delivery & home services
  • Digital presence for long-term growth

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