Business Categories
Pathological Labs

Dr. Vaidya's Laboratory Franchise Cost – How to get, Contact, Apply, Fee

  • Area Req
    150 - 500 Sq.ft
  • Investment Range
    INR 50 K - 2 Lakh
  • No. Of Franchise Outlets
    10-20

About brand - Dr. Vaidya's Laboratory

Millennium Path Lab

Millennium Path Lab is India’s most advanced, fully automated laboratory, with a strong presence in Maharashtra. Millennium Path Lab is India’s oldest diagnostic laboratory, with a focus on quality, affordability, accreditation, and accuracy of reports. The laboratory was established in 1979 in Thane, Maharashtra, and soon became the first laboratory to achieve NABL accreditation. The popularity of the lab began to increase within hospitals, many other labs, and among patients due to its excellence in meeting and providing service to patients.

With the modest aim of fulfilling pathology needs and understanding various demands, the laboratory has come up with the brand “Millennium Path Lab.”.

Millennium Path Lab operates with a centralized processing unit in Mumbai (India) and looks forward to enhancing its network through regional processing labs and collection centers in major metro cities in India. Millennium’s focus is to create a laboratory network with a strong IT structure, world-class technologies, aggressive branding, and an affordable cost.

Considering “quality” as the backbone of lab management, Millennium Path Lab became one of the first labs to achieve NABL accreditation in 2005 as a laboratory gold standard. Further feathers, like CAP accreditation and ICMR approval for COVID-19 testing, were added to the hat, strengthening the credibility of the laboratory.

Our passion for accuracy and quality enabled us to create 5000 sq. ft. of laboratory floor with state-of-the-art instruments, a 24x7 operational unit, professional logistic support, and completely IT-driven operations to ensure error-free processing. Barcoded, bi-directional interfacing ensures a minimum turn-around time from sample receipt to report-out.

Stringently monitored operations, trained and qualified staff, and world-class instruments have ensured “Millennium Path Lab” to provide the best diagnostic services to its associated hospitals, labs, and doctors. We look forward to extending our lab services through our franchise network, offering franchises for “collection centers” and “regional satellite laboratories.”.

 

Our Strengths:

  • IT-ddriven franchisee operations.
  • Logistics network support/air cargo.
  • world-cclass state-of-the-art instruments
  • NABL Accreditation
  • CRM support through the call center.
  • unique home visit lead management system.
  • Preventive care health packages at attractive discounts.
  • barcoded system
  • separate support officer for individual pin codes
  • a toll-free number for 24x7 communication support.
  • Least investment and best income for franchisee

 

Dr. Vaidya's Laboratory Franchise Cost & Investment

Commenced Operations

Operations Commenced On 1979

Franchise Commenced On 2015

Franchise Details
Units

Investment INR 50000 - 2lakh

Franchise/Brand Fee INR 100000

Royalty/Commission 40 %

Details

Anticipated percentage return on investment 40 %

Likely pay back period of capital for a Unit Franchise 0-0 Months

Dr. Vaidya's Laboratory Expansion Plans

North

- NA -

South

- NA -

East

- NA -

West

Maharashtra

Central

- NA -

Union Territories

- NA -

 

Dr. Vaidya's Laboratory Franchise Requirements

Type of property required for this franchise opportunity Commercial

Floor area requirement 150 - 500 Sq.ft

Dr. Vaidya's Laboratory Franchise Training

Franchisee training location Thane

Current IT systems will be included in the franchise Yes

Dr. Vaidya's Laboratory Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 2 Years

Is the term renewable? Yes

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get Dr. Vaidya's Laboratory Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get information about Dr. Vaidya's Laboratory franchise, you can fill up the application form provided on the website and get all the details viz. Dr. Vaidya's Laboratory franchise fee, Dr. Vaidya's Laboratory franchise cost, Dr. Vaidya's Laboratory apply process and more.

Interested in Dr. Vaidya's Laboratory Franchise? Apply here

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