Mygetwellstore Franchise
Brand & Franchise Snapshot
| Brand Name | MyGetWellStore (MGWS) |
|---|---|
| Industry | Healthcare Retail & Medical Equipment |
| Business Category | Healthcare Products / Home Patient Care |
| Founded Year | 2015 |
| Franchise Started | 2015 |
| Total Franchise Outlets | 1 to 10 |
| Estimated Investment | INR 10 Lakh – 20 Lakh |
| Franchise Fee | INR 2,50,000 |
| Royalty Fee | 30% of revenue |
| Space Requirement | 1000 – 3000 sq. ft. |
| Staff Requirement | Sales advisors and basic healthcare product handling staff |
| Expected Payback Period | 4–5 Years |
Understanding the Brand
MyGetWellStore operates in the healthcare retail sector, focusing on home patient care products and medical equipment. The business serves patients, caregivers, and families who require medical support solutions outside hospital settings. It falls within the healthcare products franchise category, combining retail distribution with advisory-based selling.
2. Operating Concept
The business follows a hybrid “brick-and-click” retail model integrating physical stores with online sales channels.
Daily operations typically involve:
- Customers visiting the outlet or browsing online
- Staff assisting in selecting appropriate medical or wellness products
- Purchase or rental of equipment depending on patient needs
- Product delivery and after-sales support
Revenue is generated through direct product sales, equipment rentals, and repeat purchases of consumables.
3. Products or Service Categories
The offering spans multiple healthcare product segments:
Home Patient Care Equipment
- Wheelchairs, walkers, and mobility aids
- Commode chairs and hospital support furniture
- Oxygen concentrators and respiratory support devices
Monitoring & Diagnostic Devices
- Blood pressure monitors
- Glucometers and thermometers
Physiotherapy & Rehabilitation
- Exercise equipment
- Recovery and mobility support tools
Rental Services
- Short-term rental of medical equipment
- Cost-effective solutions for temporary needs
Wellness Products
- Dietary supplements
- Body support and preventive healthcare items
This diversified portfolio supports both chronic care and short-term recovery needs.
4. Franchise Partnership Structure
The franchise operates as a healthcare retail and distribution model.
Franchise Partner Role
- Set up and manage the retail outlet
- Handle customer consultations and product sales
- Manage inventory and local marketing
- Coordinate product delivery and rentals
Franchisor Role
- Provide product sourcing and supply chain access
- Offer branding, store setup guidance, and operational frameworks
- Deliver training on product categories and customer handling
- Support digital platform integration and marketing initiatives
The model relies on consistent product availability and customer trust.
5. Investment and Startup Costs
The investment reflects a medium-scale healthcare retail setup.
Key cost elements include:
- Franchise fee for brand rights
- Store setup with display and storage infrastructure
- Initial inventory of medical and wellness products
- Logistics and delivery arrangements
- Working capital for operations
The royalty fee represents an ongoing revenue share typically covering brand usage, centralized procurement, and operational support.
6. Outlet Setup Requirements
| Space Requirement | 1000 – 3000 sq. ft. to accommodate inventory and display |
|---|---|
| Location Preference | Ground-floor retail spaces in residential or healthcare-centric areas |
| Equipment Needs | Storage racks, demonstration units, and delivery logistics |
| Staffing | Sales staff trained to guide customers on product usage |
Larger space requirements reflect the need to stock bulky medical equipment.
7. Franchise Support Systems
Franchise partners receive structured support, including:
- Product training across medical categories
- Assistance in store setup and layout planning
- Marketing and promotional support
- Access to centralized procurement and supply chain
- Ongoing operational and customer service guidance
Support systems are essential due to the technical nature of healthcare products.
8. Revenue Model and Profit Drivers
Revenue is derived from multiple streams:
- Direct sale of medical equipment
- Rental income from short-term equipment usage
- Repeat purchases of consumables and wellness products
Key profit drivers include:
- Increasing demand for home healthcare solutions
- Aging population and chronic disease management needs
- Repeat business from long-term patients
- Upselling higher-value equipment
The payback period reflects moderate growth cycles typical in healthcare retail.
9. Brand Background and Expansion
- Established in 2015 within the home healthcare segment
- Franchise expansion initiated the same year
- Early-stage network with gradual expansion plans
- Focus on expanding into urban and tier-1 cities
The brand’s growth is aligned with rising demand for home-based healthcare services.
10. What Makes This Franchise Different
Unlike general medical stores, this model focuses on durable medical equipment and home-care solutions rather than pharmaceuticals. The inclusion of rental services adds a recurring revenue stream and lowers customer entry barriers, creating a differentiated position within healthcare retail.
Advantages of the Franchise
- Increasing demand for home healthcare solutions
- Diverse product portfolio with recurring revenue potential
- Rental model adds flexibility and repeat income
- Scalable across urban healthcare markets
- Structured operational and supply support
11. Who Should Consider This Franchise
This opportunity is suitable for:
- Entrepreneurs interested in healthcare and wellness sectors
- Investors seeking stable, demand-driven businesses
- Medical equipment distributors or retailers
- Individuals with experience in healthcare services
- Operators targeting long-term, service-oriented businesses
13. Similar Franchise Opportunities
Investors exploring healthcare retail and medical equipment franchises may also consider:
- Apollo Pharmacy
- MedPlus
- Practo
- 1mg
- Dr Lal PathLabs
These businesses operate across healthcare services, diagnostics, and medical retail, offering alternative models for investors evaluating the sector.
What investment is required for MyGetWellStore franchise?
The investment typically ranges between INR 10 lakh and 20 lakh, including franchise fees, inventory, and store setup. This capital supports establishing a retail outlet with sufficient stock of medical equipment and operational infrastructure.
How does the MyGetWellStore franchise operate?
The business operates as a healthcare retail outlet combined with rental services. Customers purchase or rent medical equipment for home use. Franchisees manage inventory, assist customers in product selection, and coordinate delivery and service support.
What space is required to start the franchise?
A space between 1000 and 3000 sq. ft. is required. This allows for product display, storage of equipment, and customer interaction areas. Larger space is necessary due to the size and variety of healthcare products handled.
How long does it take to recover the investment?
The expected payback period is around four to five years. Returns depend on product demand, local healthcare needs, customer retention, and the ability to generate recurring revenue through rentals and repeat purchases.
How can investors apply for the franchise?
Investors can apply by contacting the brand and completing the onboarding process. After approval, they receive training, setup assistance, and access to supply systems, enabling them to launch operations and begin serving customers. ## 13. Similar Franchise Opportunities
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