Do you know, the Healthcare industry has become one of the most significant sectors in India and is expected to grow almost 20 % by the year 2022? This growth is estimated to be due to the increase in income, enhanced self-health awareness, and access to health insurance.
Pathology is indeed an integral part of the health sector that helps the medical professionals by examining samples of human body tissues and fluids, thereby determining the probable diseases or health conditions.
Hence, by starting a Dr. Lal PathLabs franchise in your city, you will get the opportunity to step not only in the franchise world but also in the ever-growing health sector.
You definitely would not want to miss out on this opportunity; hence, in this article, we will let you know all the information that you must have before getting started with your journey as a Dr. Lal PathLabs franchise owner.
- History of the Brand – Dr Lal PathLabs
- Dr Lal PathLabs USP
- Why Should You Start a Franchise of Dr Lal PathLabs?
- Guidance and Support
- Provides STARLIMS
- Provides Support in Procurement of Equipments
- Provides Marketing Support
- Requirements for Starting a Dr Lal Path Labs Franchise in India
- Area Requirement
- Term of Agreement
- Investment – How Much Does a Dr Lal Path Lab Franchise Cost in India?
- How to Apply for a Dr Lal Path Lab Franchise?
- Final Words
History of the Brand – Dr Lal PathLabs
Dr. Lal PathLabs was established in the year 1949, by Dr. S.K.Lal, a junior doctor serving the British Indian Army. He studied pathology in the Armed Forces Medical College in Pune and further completed training in pathology in Cook County Hospital, Chicago, USA.
Dr. Lal PathLabs is a Delhi based company that offers an extensive range of tests and screenings of the human body in more than 2500 collection centers in almost 900 cities of India.
Dr Lal PathLabs USP
Dr. Lal PathLabs is the oldest and undoubtedly the most reputed private pathology chain in India. Discussed below are several aspects, because of which Dr. Lal PathLabs is different from all the other diagnostics services providers,
High-Quality Health Services
It provides high-quality health diagnostics services for endocrinology, toxicology, oncology, and various infectious diseases.
This Delhi headquartered company utilizes the latest technology and types of equipment to carry out the diagnostic tests.
Dr. Lal PathLabs is accredited by CAP, NABL, Ministry of Science and Technology of India as well as certified by ISO 9001:2000.
Dr. Lal PathLabs has Laboratory Information Management Software that performs tests in accordance with the bar–code reading of patient’s samples, through the dual-direction interface of its equipment.
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Why Should You Start a Franchise of Dr Lal PathLabs?
Mentioned down below are several reasons why you should open a Dr. PathLabs franchise in your city,
Guidance and Support
The well-experienced project management team will provide all the help and guidance that may be required while setting up as well as the implementation of the process.
The company offers access to the STARLIMS software that enables automated testing or hands-off testing of samples of the patients.
Provides Support in Procurement of Equipments
The team of Dr. Lal PathLabs provides advice along with the support to procure all the types of equipment that are required for setting up the laboratory.
Provides Marketing Support
Dr. Lal PathLabs provides all the support as far as the marketing and the promotion of various diagnostic services are concerned, which makes the task a little easier for the franchise owners.
Requirements for Starting a Dr Lal Path Labs Franchise in India
To getting a Dr. Lal PathLabs franchise in your city, various requirements are as follows,
The location in which Dr. Lal PathLabs franchise or the collection center is to be started should have a carpet area of around 200 to 300 sq. ft. The proposed space can either be rented or own. In addition to that, the recommended space should be at least 2 km away from other Dr. Lal PathLabs franchises.
Although there is no specification from the company as far as the staff is concerned, a minimum of 20 employees may be required to run its franchise outlet.
Yes, Dr. Lal PathLabs takes into consideration, the educational qualification and the work experience of the franchise business aspirants, before offering them the franchisee.
Hence, having proper qualification along with some franchise business work experience will make you the most appropriate candidate for sure.
Term of Agreement
Dr. Lal PathLabs, one of the best diagnostic services provider, makes a standard commercial business agreement with its franchise owner, which can be extended at any point in time.
Investment – How Much Does a Dr Lal Path Lab Franchise Cost in India?
It is estimated that the total investment required to start a Dr. Lal PathLabs franchise is almost INR 50 thousand to INR 2 lakhs only. But take note that the rent of the premises, salary of staff members, the electricity bill is not included in the cost mentioned above.
Additionally, you will have to pay the security deposit of INR 50,000 to the company along with royalty of almost 30 % on the gross sales.
How to Apply for a Dr Lal Path Lab Franchise?
The overall process of applying for Dr. Lal PathLabs franchise is quite simple. All that you need to do is visit the company’s official website and click on the ‘Contact Us‘ tab. Then in the scroll down menu, click on ‘Become a Franchise in India‘ and fill in the franchise query form.
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Dr. Lal PathLabs franchise collection center is the best opportunity for you to enter into the diagnostic services franchise business, which is expected to grow manifolds in the coming decade. You should not miss this opportunity available to you.
We hope that this article helps you in setting up and smooth functioning of your Dr. Lal PathLabs franchise. In case you have any queries, please leave a comment below, and we will be glad to help you out.