Why take a franchise of Apollo Clinic?
As per the official website of Apollo Clinic, franchise model constitutes more than sixty percent of retail sales in the United States. The trend has also caught in India and today franchising business in India enjoys 85% success rate. The benefits of franchising is that on the one hand, you are a proud owner of an independent business; on the other hand you enjoy the reputation that comes from being under the umbrella of a big brand. Since Apollo is an internationally recognized brand, opening Apollo Clinic franchise minimizes your business risks.
Benefit of Apollo Franchise: Healthcare segment boom in Indian market
The growth of healthcare franchise business in India has been exponential over the last few decades, but there is still considerable room for expansion. At present, healthcare segment makes just 5% of the GDP in India, whereas in an advanced country like the United States it is 13.7%, constituting the largest business sector of that country. Moreover, KSA Technopack in one of their recent studies revealed that 11% of the annual household income is spent on healthcare in India; and this figure is most likely to keep rising in future.
Who can be an Apollo Health & Lifestyle franchisee?
Franchises of Apollo Health and Lifestyle Limited are chosen with great care. If you want to be an Apollo healthcare franchise, you must have a high level of interest in healthcare business and be committed to it. Man management abilities coupled with a strong entrepreneurial zeal should be possessed. You should also have prior experience in successfully managing your own business, preferably in the service industry. Remember that Apollo is looking for franchisees who are "genuinely interested in people and be sensitive to his neighborhood’s requirements".
Apollo: Healthcare franchise opportunities in India
Presently, Apollo franchisee requirements are in the following places:
- Andhra Pradesh: Vijayawada, Rajahmundry, Guntur, Ongole, Kurnool, and Kadapa
- Telangana: Nizamabad and Warangal
- West Bengal: Kolkata (Shakespeare Sarani, Badabazar, Sodepur, Howrah, and Kharagpur), Asonsol, Siliguri, Burdwan, Haldia, Berhampur, and Barasat
- Orissa: Bhubaneswar, Cuttack, Sambalpur, Rourkela, and Puri
- North East: Guwahati, Silchar, Shillong, Imphal, Dibrugarh, Aizwal, Bishnupur, Aizwal, and Gangtok
- Bihar: Patna, Gaya, Muzafar Nagar, Muzafarpur, and Bhagalpur
- Jharkhand: Jamshedpur, Dhanbadh, Bokaro, and Ranchi
Apollo Franchise investment cost, area requirements, revenue profit potential
Cost of Apollo franchise investment is quite high, but so are the revenue potentials.
Apollo Clinic will have General Medicine, Gynaecology, Paediatrics and Cardiology. Visiting doctors will be there for General Surgery, Dentistry, Gastroenterology, Urology, Dermatology, and Orthopaedics along with diet and nutritional counselling services.
Accordingly, the project has high space requirements and investments. Apollo Clinic area requirement is 4000 square feet carpet space. The approximated cost of Apollo franchise is Rs. 2.75 crores, including investments in medical equipment, interior decoration and furniture, electricals and air conditioning, IT cost, lease deposits if the space is taken on rent, Preliminary and Pre-operative expenses, Working Capital Margin, Contingency Funds and License Fees to Apollo. Franchise project is funded on 1:1 equity-debt ratio, the debt being taken for 4 years with an one-year moratorium. You may also avail loan from State Bank of India with which Apollo is tied for project funding.
The expected turnover of Apollo Clinic franchise is Rs 1 to 1.5 crore in the first year, though the figure may vary depending on your location. Apollo Clinic franchise revenue potential is through channels like diagnostics, consultation, health check packages, and tele-medicine. The turnover, and profit, is expected to double by the fourth year. Among the expenses of Apollo Clinic franchise, there are some fixed costs like salaries, rent, administration, energy consumption and so on. On the other hand, consumable cost, working capital management, marketing, and operating licence fees are some of the variable costs of an Apollo Clinic franchise.
How to take Apollo Clinic Franchise: Steps of form submission
If you want to be an Apollo Clinic franchisee, please visit the official website of Apollo Clinic at www dot apolloclinic dot com and refer to the Franchisee Form at /franchisee_form.aspx page. You may submit it online. You may also download Apollo Clinic franchise form, fill it duly, and send it to the contact given below.
Apollo Clinic Franchise: Contact person details, email address, phone number
If you want to contact Apollo Health and Lifestyle Limited (AHLL) for franchisee information inquiries, please contact:
Mr. Mario Pereira
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