Increase Your Small Business with Tata 1mg, a Leading Digital Health Company in India. Following Tata Digital’s acquisition of a significant stake in 1mg, rebranded as Tata 1mg, the company offers online medicine delivery, lab tests, and teleconsultation services along with some other key HEalth Diagnoistic Service . This strategic move has boosted 1mg’s valuation and Tata Digital’s market presence in e-pharmacy.
1mg Franchise Franchise FEE and Investment Cost
Embark on a lucrative business venture with 1mg’s franchise opportunity. With a franchise fee ranging from Rs. 2-3 lakhs and infrastructure investment between Rs. 10-15 lakhs, this investment offers a promising return on investment. Join hands with a trusted brand in the healthcare industry and unlock your entrepreneurial potential today.
1mg Franchise Revenue Sharing, Investments, ROI
| Field | Brief Input |
|---|---|
| Line of Business | Pharmacy |
| Unit / Shop Area | 200 – 500 Sq. ft |
| Commission% / Revenue Sharing | Approx. 95% |
| Infrastructure Investment | Rs.10 Lakhs – Rs.15 Lakhs |
| ROI Timeframe | 12 – 15 Months |
| Revenue Sharing | 3.80 / 5 |
| Franchise Fee & Infra Investment | 3.82 / 5 |
| Support & Training | 3.67 / 5 |
| ROI Timeframe | 3.70 / 5 |
| Brand Value | 3.74 / 5 |
| Overall Ratings | 3.75 / 5 |
| Star Ratings | Industry |
| Industry | Healthcare |
| Line of Business | Pharmacy |
| Organization Type | Private |
| Head Office | Gurgaon |
| Founder | Prashant Tandon, Gaurav Agarwal, Vikas Chauhan |
| Founded In (year) | 2015 |
| No. of Franchise Outlets | 20+ |
| Master Franchise Model | Not Available |
| Franchise Tenure | 1 year |
| Franchise Location | All over India |
| Business Set-Up Time | 1 to 2 months |
| Franchise Commencement Year | 2018 |
Why you should Take 1MG Franchise
- Affordable Investment, Lucrative Returns Begin or expand your business with a modest investment of 3-5 lakhs for promising returns.
- Extensive National Reach, Local Influence: Benefit from our widespread national presence featuring 11 NABL Accredited/Certified Labs.
- Holistic Support Network: Receive comprehensive support throughout your journey, including training, marketing aid, and operational guidance.
- Diverse Revenue Streams: Explore multiple revenue avenues within our robust business framework.
- Continuous Innovation: Stay ahead with our commitment to ongoing innovation and adaptation to industry trends.
Tata 1mg Franchise Commission Royalty
| Particulars | Percentage |
|---|---|
| Franchisee | Approx. 95% |
| Franchisor | Approx. 5% |
Comments:
- The Tata 1mg franchise gives lucrative revenue-sharing model, enabling franchisees to retain about 95% of their earnings
- Tata 1mg, receives a royalty of around 5% of the franchisee’s sales
- This favorable revenue sharing arrangement allows franchisees to maximize their profits
- The low franchise royalty fee reflects Tata 1mg’s commitment to better profitability
Tata 1MG Pharmacy Franchise Analysis
Benefits of Tata 1mg Franchise
- Affordable Investments, Lucrative Returns:
- Nationwide Reach, Local Influence:
- Holistic Support Network:
- Enhanced Outreach in Urban and Rural Areas:
- Convenient Online Consultations for Remote Access:
- Mitigating Health Risks During Pandemics:
- Facilitate online medicine orders and home delivery
- Low Initial Investment Opportunity:
- Business Engagement with Social Impact with Brand Tata
Documents Required for 1mg Medical Store Franchise
| Franchise Agreement | Necessary |
|---|---|
| Proprietor Aadhaar Copy | Mandatory |
| Proprietor Photograph | Compulsory |
| Proprietor / Business PAN Copy | Essential |
| Business TAN Copy | Required |
| GST Registration Certificate | Mandatory |
| Proprietor / Business Address Proof | Necessary |
| Unit / Shop Address Proof | Compulsory |
| NOC of Unit / Shop | Required |
