BUSINESS DETAILS
Started in 2008, Wellness Forever – a venture of Mumbai based Wellness Forever Medicare Pvt. Ltd. – is one of India’s most trusted, well-known, and fastest-growing lifestyle retail pharmacy chain.
Wellness Forever offers 30,000+ products, including around 12,000+ curative & preventive medicines and a wide range of health & lifestyle products. Wellness Forever today has an Omni-channel presence with over 200 retail stores, its website, easy-to-use mobile app which enables a 24-hour ordering facility, and toll-free customer care number.
INVESTMENT DETAILS
Commenced Operations
Operations Commenced On: 2008
Franchise Commenced On: 2020
Franchise Details
UNITS
Investment: INR 50lac – 1 Cr.
Franchise/Brand Fee: INR 1000000
Royalty/Commission: 6 %
Expansion Locations
NORTH
– NA –
SOUTH
Karnataka
EAST
– NA –
WEST
Gujarat, Rajasthan, Maharashtra, Goa
CENTRAL
– NA –
UNION TERRITORIES
– NA –
Franchise Details
Exclusive territorial rights to a unit franchisee: Yes
Anticipated percentage return on investment: 181 %
Likely pay back period of capital for a Unit Franchise: 3-4 Years
PROPERTY DETAILS
Type of property required for this franchise opportunity: Commercial
Floor area requirement: 800 – 800 Sq.ft
Preferred location of unit franchise outlet: Highstreet area
TRAINING DETAILS
Detailed operating manuals for franchisees: Yes
Franchisee training location: Headoffice.
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise: Yes
AGREEMENT & TERM DETAILS
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 10 Years
Is the term renewable? Yes