Wellness Forever has established itself as the dominant pharmacy and wellness store chain in India’s burgeoning healthcare and wellness retail industry. Blending pharmaceuticals, personal care products, and wellness essentials, the chain is known for its holistic business model. Founded in 2008, the company has witnessed phenomenal growth and is now a household name among Indians who appreciate authentic products and services.
If you are contemplating entering the healthcare retail business, investing in the Wellness Forever Franchise of this pharmacy chain would be the best bet, as there is plenty of scope for growth and profitability.
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About Wellness Forever
| Company Name: Wellness Forever Medicare Pvt. Ltd |
| Founded By: Ashraf Biran, Gulshan Bakhtiani, and Mohan Chavan |
| Established Year: 2008 |
| Headquarters: Mumbai, Maharashtra India |
| Number of Outlets: 400+ stores |
| Business Sector: Online pharmacy medical store |
| Revenue in 2023: Rs. 1308 crore |
| Revenue in 2024: Rs. 1,500 crore |
| Official Website: Wellness Forever |
Founded in Mumbai in 2008, Wellness Forever Medicare Pvt. Ltd. has quickly been at the forefront of the retail pharmacy industry. Industry experts found the company with several years of experience and obeys principles of openness, trust, and illumination. Wellness Forever’s distinguishing characteristic is its ability to provide a variety of goods including prescription, OTC medications, supplements, organic products, and well-being-related lifestyle items.
With over 400+ stores all over India and more being added over time, Wellness Forever is set to change how millions will perceive health and wellness in the future.
Key Details of Wellness Forever Franchise
| Brand Name: Wellness Forever |
| Industry: Healthcare & Retail |
| Number of Outlets: 400+ |
| Franchise Model: FOFO |
| Franchise Fee: 5 to 10 lakhs |
| Franchise Cost: 75 lakhs |
| Royalty Fee: 5 to 7% |
| Profit Margin: 15% to 20% |
| Space Required: 500 to 1000 sq. ft. |
| Franchise Agreement Term: 5 years |
| Franchise: Apply Here |
Wellness Forever Product Range
Wellness Forever is well-regarded when it comes to offering a variety of health and fitness products. The following are among their offerings:
| Pharmaceuticals: Prescription and non-prescription drugs for the treatment of different ailments. |
| Personal Care Products: Skin, hair, baby, and hygiene care products. |
| Health Supplements: Calcium, iron, herbal products, vitamins, and other health support products. |
| Organic and Natural Products: Organic foods, herbal teas, and green products. |
| Medical Equipment: Blood pressure, sugar, temperature measuring devices, and similar. |
| Lifestyle Products: Massage oils, yoga mats, wellness tools, and similar. |
By offering such a broad range of products, customer satisfaction is guaranteed as well and loyalty builds towards the franchisee contributing to the success.
Wellness Forever Franchise Models
Wellness Forever follows a model of operation that is Franchise Owned and Franchise Operated (herein referred to as FOFO). In this model, the franchisee owns and manages their business completely but conforms to the operational procedures as well as standards of the company.
In such arrangements, business owners enhance their brand name as well as the business model of Wellness Forever but have autonomy in carrying out the daily functions of the business.
How Much Does the Wellness Forever Franchise Cost?
To establish a Wellness Forever franchise one needs to invest 75 Lakhs including Franchise Fees, initial inventory, setup cost, working capital, and others. The following provides a clear breakdown of the amounts:
| Franchise Fee | 5 to 10 lakhs |
| Setup Cost | 30 to 50 lakhs |
| Initial Inventory | 8 to 10 lakhs |
| Equipment cost | 10 to 15 lakhs |
| Working Capital | 5 to 8 lakhs |
| Miscellaneous expenses | 3 to 5 lakhs |
| Royalty Fee | 5% to 7% on monthly sales |
| Franchise Agreement Term | 5 years |
| Total Investment | 75 lakhs |
Franchise Fee: Franchise Fee of 5 lakhs to 10 lakhs, which gives the right to conduct a business under the Wellness Forever franchise.
Setup Cost: Infrastructure costs of 30 to 50 lakhs which are related to the physical setting, store interiors, shelves, and sign boards.
Equipment Costs: 5-10 lakhs for point-of-sale systems, items for medical storage,e and other tools essential for business operations.
Initial Inventory: Initial stock of medicines, health, and wellness products worth 8 to 10 lakhs to have a store fully stocked from the very first day.
Miscellaneous expenses incurred in marketing and advertisements, training of staff, and administrative activities worth 3-5 lakhs.
Working Capital: To cover expenses like employee’s salary and others requires investment between 5 to 8 lakhs.
Royalty Fees: Wellness Forever charges royalty fees of 5% to 7% on monthly gross sales for franchisees to provide marketing, advertising, and ongoing support.
Franchise Agreement Term: The franchise agreement period is 5 years.
Wellness Forever Franchise Profit Margin and ROI
| Profit Margin | 15% to 20% on each product |
| Profit per year | 25 to 35 lakhs |
| Profit per month | 2.5 lakhs to 3 lakhs |
| ROI Time line | 2 to 3 years |
Wellness Forever franchises typically enjoy a profit margin of 15% to 20% on product sales. The time to achieve return on investment (ROI) largely depends on factors such as store location, sales volume, and operational efficiency.
With a high footfall and consistent customer demand, franchisees can expect to break even within 2 to 3 years and start generating profits thereafter.
Space Requirements
The space requirement for a Wellness Forever franchise is critical to ensuring smooth operations and providing a pleasant shopping experience.
| Minimum Space: 500 sq. ft. for smaller setups. |
| Preferred Space: 1000 sq. ft. for flagship stores offering a wider product range. |
The location should be easily accessible, preferably in high-traffic areas such as residential neighborhoods, commercial complexes, or hospitals.
Benefits of Wellness Forever Franchise
| Established Brand Reputation: Bank on the image and loyalty enjoyed by one of the leading pharmacies, trusted and known across India, in the wellness sector. |
| Diverse Product Portfolio: Reach out to a broader audience through products in different categories. |
| Operational Support: Get comprehensive assistance with store establishment, employee education, and stock control. |
| Marketing Assistance: Enjoy the scope of creating awareness and drawing in customers through national and local advertisements. |
| Continuous Growth Opportunities: While there is a growth in the healthcare and wellness market, so is the opportunity for the franchisor in the franchise. |
Documents Required for Wellness Forever Franchise
If you want to be part of the Wellness Forever franchise, you are required to provide and submit the following documents:
Aadhar card, PAN card, or any voter’s ID can serve the purpose of identity proof.
Evidence for the place of residence may be any utility bill a rent agreement or ownership of the property documents.
All formalities that include business registration the GST registration, the trade license,e and the incorporation certificate (if applicable).
Submit an account statement and other evidence of the assets to support the ability to meet financial obligations.
There are no objection certificates from local agencies and the fire department.
How to Apply for a Wellness Forever Franchise?
To start your own Wellness Forever franchise is an easy and hassle-free process:
Research: Start by visiting the Official website of Wellness Forever and learn about the franchise in detail.
Submit Inquiry: Go to the online franchise form and complete it with your contact and background information.
Documentation: Provide the necessary documents to be verified.
Evaluation: Your application will be assessed and a background check performed by the Wellness Forever team.
Approval and Agreement: After receiving approval, the franchise agreement can be signed and fees paid.
Setup and Training: Assist the Wellness Forever team in store openings, recruitment, and initial stock purchases.
Launch: Open your store with the backup of the brand umbrellas’ marketing and operational teams.
| Official Website: Wellness Forever |
| Franchise Application: Apply Here |
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Conclusion
Wellness Forever is a great business opportunity for aspiring Indian entrepreneurs wanting to get into the health and wellness industry. Thanks to a strong brand, excellent franchise support, and good profit margins, the chances of success are high in the franchise. By incorporating high-demand products, efficient business processes, and great customer relations, Wellness Forever guarantees its franchisees grow within the cutoff business competition period.
Join hands with us and become part of Wellness Forever and make a change in people’s lives including yours by building a successful business.
Wellness Forever Franchise Image Gallery
FAQs
What is the average cost of setting up a Wellness Forever franchise?
The initial investment to start the Wellness Forever franchise of 75 lakhs, including franchise fees, infrastructure setup, and inventory costs.
How long does it take to achieve ROI with a Wellness Forever franchise?
Franchisees typically achieve ROI within 2 to 3 years, depending on location and operational efficiency.
What support does Wellness Forever provide to franchisees?
The brand offers comprehensive support, including store setup, staff training, marketing assistance, and operational guidance.
