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Franchise Enquiry

About Company

My Get Well Store (MGWS), a unit of Bajaj Life Care is a well-established brand in health care industry. MGWS is determined to become market leader in sales of fitness and wellness products along with home patient care equipment. Company headquarter of MGWS is located at Nagpur, Maharashtra, India. MGWS operates in both brick & click model and now planning for adding multiple hands through franchisee partners.

Vision & Mission
working towards a fit India

There is lack of knowledge among even qualified customers when it comes to choosing right healthcare products to buy. MGWS aims to help customers making informed buying decision while providing the best quality products and compassionate services maintaining highest level of personal and professional integrity

THE WELLNESS PRODUCT INDUSTRY

Between 2008-22, the market in healthcare industry is expected to record a Compound Annual Growth Rate (CAGR) of 16.28 per cent and total industry size is expected to touch US$ 372 billion by 2022. As awareness on personal care is increasing day by day, the volume of wellness products, fitness products and food supplements are taking a lion’s share in overall growth of the healthcare industry.

Moreover, hospital industry in India stood at Rs 4.0 trillion (US$ 61.79 billion) in 2017 and is expected to increase at a CAGR of 16-17 per cent to reach Rs 8.6 trillion (US$ 132.84 billion) by 2023. That’s the reason, Indian companies are entering into merger and acquisitions with domestic and foreign companies to drive growth and gain new markets. This provides an immense opportunity for those who want to spread their wings in healthcare and wellness

LET’S MAKE INDIA A HEALTHY & WEALTHY NATION

Healthcare sector is meeting its current demand mainly through imports from china. MGWS is on mission to reverse this wheel and start MAKE IN INDIA program to meet this demand of billion dollar industry. Once distribution channel is well establish through franchise program. MGWS is as committed to see every Indian healthy as it is to offer huge returns to those who will join hands with the MGWS early in its mission.

ARE YOU WILLING TO JOIN HANDS WITH MGWS?

You are welcome as a franchise partner in My Get Well Store family. Just ensure that you have,

  1. Strong business acumen and sharp entrepreneurial skills
  2. Keen understanding of the local psychology & culture
  3. The willingness & ability to build up a successful MGWS brand in your territory.
  4. Sound financial background (working capital for at least 6 months)
  5. Availability of retail premises as mentioned in fact sheet.
  6. Zeal to serve mankind and build cohesive relations even while maintaining profit orientation.
  7. Previous experience of the same background is not a bar.

TOP REASON TO PARTNER WITH US

Top Reason to join MGWS
  • FAQ - Frequently Asked Questions +

    General

    What is the Name of the Brand?

    My Get Well Store (A Unit of Bajaj Life Care)

    Category of the products/services offered

    General Wellness, fitness, Personal Healthcare, Home Patient Care Products Store.

    How many business modules are available for franchising?

    Franchisee Owned Franchisee Operate (FOFO)
    Franchisee Owned Company Operate (FOCO)

    What are the revenue streams available?

    Primary revenue from product sales from Store and rental income from product & equipment.
    Secondary revenue from online orders received from eCommerce Portal (www.mygetwellstore.com) for assigned pin codes for store location & near by area .

    USP (Unique Selling Points) of your product/services

    More than 2000 products available under one Roof.
    Brick & Click (Offline and Online ) Business module
    Reasonably priced for affordability.
    Rental Services of high value product & for Short term use

    Address of the Registered Head Office/Corporate Office?

    G-1 Rakhee Apartment, 197 Surendra Nagar, Nagpur- 440015, Maharashtra, India
    franchise@mygetwellstore.com

    What should be the location of the space required

    Commercial Shops on Ground Floor on Main Road (Visibility)or Malls.

    How many current outlets are operational?

    1

    Where are the current operational outlets located?

    Nagpur

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    Financial Information

    What is the number of staff to be hired?

    What is the total investment (In Lacs)?

    What is the franchise fee (In Lacs)?

    Is there any Deposit

    Is it included in the total Investment ?

    What is the Infrastructure/Interiors Cost?

    What is the cost of Inventory?

    Is Minimum Guarantee offered?

    Is there a Royalty based format?

    Is there a Margin based format?

    Do you provide assistance in arrangement of bank loans?

    Agreement

    What is the Franchise Agreement period?

    Is the Franchise Agreement renewable?

    If Yes Renewal term

    Will there be any Franchise renewal fee?

    Space requirements

    How much space is required in SQFT – Carpet?

    Operational Queries

    Is trained staff support (manpower) provided by company?

    Estimated sales conservatively and aggressively per month