If you are looking to start a healthcare business which is of great demand and scope, then opening a diagnostic centre franchise with Medall is indeed a thriving and profitable business to engage in. Established by a successful Entrepreneur Mr.Raju Venkataraman, Medall took off its journey in 2009 by acquiring Precision Diagnostics in Chennai. It also acquired a company called ClueMax Diagnostics in Bangalore. Currently, it has a network of about 248 diagnostic franchise centres in South India and Maharashtra and is looking at a pan-India foray to have about 300 more centres in three years. And now, without more ado, let us have a look at the franchise cost of Medall Clumax franchise, investments and other details you might be looking for.What is the franchise cost of Medall Diagnostic Centre?
Running a Medall franchise is, of course, a capital-intensive business, but it promises a high level of productivity. The franchise cost of Medall Diagnostics ranges from INR 90 lakhs to 8 Crore. Medall Cluxmax Diagnostic Centre offers three types of franchise formats. Medall Collection Centre, Medall Spoke, Medall Hub Lab.
Hub Lab will be in the primary location from where the main laboratory operates. Spokes are small collection points which are normally located around the Hub so that at the end of the day, these collection points take all the testing samples to the main lab.
For Medall Collection Centre, you require an investment of about Rs.90 lakhs to Rs.1.5 crore for which the brand fee is INR 20 lakhs. The royalty charged on sales is 50% on pathology tests and 5% on radiology tests.
Medall Spoke requires an investment of INR 4-6 crore for which brand fee is about Rs.55 lakhs. The royalty charged on sales is 45% on Pathology tests and 5% on radiology.
Medall Hub Lab requires an investment of Rs.6 crore to Rs.8 crores with a brand fee of Rs.90 lakhs. The royalty on sales is 45% on Pathology tests and 5% on radiology tests.
How much space is required to open Medall Clumax franchise?
For Medall Collection Centre you require an area about 1500-2000 sqft and for Medall Spoke and Hub Lab you need about 4000-6000 sqft of space. Ensure that your location is nearby a hospital or high-density residential area.
Is Medall Diagnostic Centre a profitable franchise business option?
If you have ever heard the aphorism that says that health is wealth, then you will agree that investing in a healthcare franchise is a profitable business idea as healthcare has become the largest sector both in terms of revenue and employment in India. To run a Medall franchise you do not have to be a medical expert or to have a healthcare background, but if you do that is certainly helpful. Medall is the 4th largest Diagnostics chain in India and best of all, with Medall franchise you can expect a profit margin of 70 per cent. Build a healthier tomorrow with Medall Diagnostic franchise a preventive shift from cure to care.
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