1mg Franchise – Find Revenue Sharing, Investments, ROI Tenure & more
Know everything about 1mg Franchise Business Opportunity here. Check out details like its Franchise Review & Ratings, Infrastructure requirement, Support details, ROI tenure & more.
Tata 1mg is an online healthcare platform that allows individuals and businesses to purchase medicines and health products online.
They offer a franchise model where interested individuals can become a franchise partner and set up their own 1mg store.
This allows the franchise partner to run their own business while leveraging the 1mg brand and customer base.
The specific requirements and benefits of the franchise can vary, so it would be best to contact us directly for more information.
1mg Franchise Business Opportunity - Snapshot
Line of Business
Unit / Shop Area
Commission% / Revenue Sharing
Infrastructure Investment
ROI Timeframe
1mg Franchise Review & Ratings
Revenue Sharing
Franchise Fee & Infra Investment
Support & Training
ROI Timeframe
Brand Value
Overll Ratings
Star Ratings
Overview of 1mg Pharmacy Franchise
Industry
Line of Business
Organization Type
Head Office
Founder
Founded In (year)
No. of Franchise Outlets
Master Franchise Model
Franchise Tenure
Franchise Location
Business Set-Up Time
Franchise Commencement Year
Tata 1mg is an Indian e-commerce platform that provides a range of healthcare services, including online doctor consultations, lab test bookings, and medicine deliveries.
The company was founded in 2015 and is based in Gurugram, Haryana. Tata 1mg offers a wide range of medicines and health products, including prescription drugs, over-the-counter medications, and wellness and personal care products.
The platform also provides a telemedicine service, which allows customers to consult with a doctor online and receive medical advice and prescriptions.
The platform has a user-friendly interface and easy to navigate through different sections of the website like online doctor consultation, medicine delivery, lab test booking, and health products.
It is one of the top e-pharmacies in India and is known for its accessibility, convenience, and competitive pricing.
The company also has a franchise model, which allows interested individuals to set up their own 1mg store and leverage the 1mg brand and customer base.
1mg Franchise Investment & Fees
Franchise Fee
Infrastructure Investment
Here is the specific information about Tata 1mg franchise fee and investment. The Brand charges only Rs.2 Lakhs to Rs.3 Lakhs as franchise fees & Outlet setup cost is betweem Rs.10 Lakhs to Rs.15 Lakhs.
It’s best to contact franchisebyte directly for more information on the specific investment and franchise fee required to become a franchise partner.
We can provide you with detailed information on the costs, requirements, and benefits of the franchise.
Generally speaking, franchising can require a significant investment, including the initial franchise fee, ongoing royalties, and the cost of setting up and running the business.
It’s important to thoroughly research and consider the costs and potential return on investment before deciding to invest in a franchise.
Tata 1mg Franchise Profits & Sales
| Monthly Sales & Profit | |
| Sales | 6,00,000 |
| Direct Expenses | |
| Purchases | 3,25,000 |
| Transport (incoming) | 30,000 |
| Gross profit | 2,45,000 |
| Profit Margin | 41% |
| Indirect Expenses | |
| Salaries | 30,000 |
| Rent | 50,000 |
| Electricity | 12,500 |
| Royalty/Franchise fee @ 5% | 30,000 |
| Advertisement & Marketing | 10,000 |
| Others (telephone, travel, food, tax) | 15,000 |
| Net Profit | 97,500 |
| Net profit margin | 16% |
Here is the potential profits one can make from Tata 1mg franchise. The potential profit for a franchise can depend on a variety of factors such as location, competition, and more.
It’s important to keep in mind that owning a franchise is a business, has the potential for both profit and loss.
It would be best to connect, to get more specific information on how they can help you to achieve your desired level of profit.
We can provide you with more detailed information on the costs, requirements, and benefits of the franchise.
1mg Franchise Commission / Revenue Sharing / Royalty
Franchisee
Franchisor
Tata 1mg franchise royalty is around 5% only. The franchise royalty is a fee that franchisees pay to the franchisor as a percentage of their sales or on a flat fee basis.
Typically, it is a small percentage of the franchisee’s total sales and is used to cover the franchisor’s expenses such as marketing, training, and ongoing support.
1mg Franchise ROI Details
In Years
The breakeven time for a Tata 1mg franchise is between 12 to 18 months.
Breakeven point is the point at which the revenue from the franchise equals the costs associated with starting and running it.
ROI timeline can vary depending on a variety of factors such as your ability to effectively operate and market the business.
Master Franchise of 1mg - Information
Franchise Fee
Infrastructure Investment
Commission% / Revenue Sharing
The infrastructure requirements for a Tata 1mg franchise can vary depending on the specific franchise model and location.
However, the franchisee will need to have a physical location for the store and the required equipment to operate the business.
Some of the specific infrastructure requirements for Tata 1mg franchise may include:
- A physical location for the store, ideally in a high-traffic area
- Sufficient storage space to hold the inventory
- A computer and internet connection to access the 1mg’s platform and manage the business
- A phone line and fax machine to communicate with the customers
- Shelving and displays to showcase the products
- A printer to print invoices and other important documents
- A delivery vehicle and driver to transport medicines and other products to customers
1mg Franchise Infrastructure Requirement
Shop / Unit Area
Employee Strength
Billing Counter
Product Display Area
Reception Area
Sitting Area
Lab Area
Patients Room & Bed
Doctor's Rooms
Airconditioner
CCTV Set-up
Computer / Internet Connectivity
Delivery Service
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Support Provided by 1mg Pharmacy Franchise
Inventory Planning
Product Pricing
Service Pricing
Offers
Client Acquisition Support
Client Interaction Training
Relationship Manager Support
Interior Design Support
Interior Development Support
Marketing Support
Monetary Support
Business Management Software
Online Tie-up Support - Delivery
Website Support - For Order
Warranty / Guarantee Support
Operation Manual
Training Manual
Franchise of 1mg - Marketing Support
Unit Interior & Exterior Ads
Local Advertisement
Digital Marketing
Television Advertisement
Prints Advertisement
Events/Seminars
Training provided by 1mg Franchise
Product Information Training
Product Display Training
Staff Training
Lab Training
Test Report Training
Basic Medical Training
Training Helpdesk
Franchise for 1mg - Products Offered
Ayurvedic Products
Ayurvedic Medicine
Homeopathic Medicine
Allopathic Medicine
Diagnostic Equipments
Diagnostic Services
Medical Equipments
Medical Accessories
Doctors Consultation
Home Services
Online Consultation
Personal care assistance
Treatment Rooms
Surgery
ICU
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Franchise for 1mg - Revenue per Customer
Product / Service Price
GST Rate
Franchisee Qualification required by 1mg Medical Shop Franchise
Age Limit
Business Experience
Academic Qualification
Documents Required to Start 1mg Medical Store Franchise
Franchise Agreement
Proprietor Aadhaar Copy
Proprietor Photo
Proprietor / Business PAN Copy
Business TAN Copy
GST Registration Certificate
Proprietor / Business Address Proof
Unit / Shop Address Proof
NOC of Unit / Shop
