Dr Morepen

Dr Morepen Pharmacy (Quick Med Private Limited) is part of Morepen Laboratories, a long-established pharmaceutical group.

The company operates retail pharmacy stores and plans nationwide expansion through the franchise model.

Its focus is on affordable medicines, wellness products, OTC healthcare products, and diagnostics.

Business Strengths

• Strong manufacturing capabilities in APIs, formulations, medical devices, and generics
• Multiple revenue streams including medical devices, OTC products, generics, supplements, and retail pharmacy
• Established healthcare brand recognition built over decades

Market Opportunity

The Indian pharmacy retail sector is growing rapidly with strong demand driven by chronic diseases, healthcare spending, and expansion of organized pharmacy chains.
Organized chain pharmacies are expanding faster than the overall market, creating franchise growth opportunities.

Expansion Plan

The brand plans expansion in Tier 1 and Tier 2 cities across North and West India through a cluster based multi store franchise model with multiple outlets per investor.

Franchise Investment Model

• Store size options approximately 200, 350, and 500 square feet
• Store setup cost roughly INR 6.9 lakh to INR 13.25 lakh depending on size
• Franchise fee approximately INR 5 lakh
• Initial inventory roughly INR 20 lakh to INR 30 lakh
• Expected payback period around 29 to 33 months
• Agreement period around 5 years

Operating Terms

Franchisees manage store operations including manpower, rent, utilities, and daily functioning.
The brand provides marketing support, branding, systems, and central marketing initiatives.

Future Growth Services

The company plans additional services such as diagnostic sample collection, partnerships with labs, rental of medical equipment, and integration with home healthcare services to increase customer footfall.