How to Franchise: The Generics Pharmacy (TGP)

Health is wealth, and this saying is very applicable in the Philippines. Why might this be? Above all else, the social insurance in the Philippines accompanies a cost. Clearly, not every one of us have the wellbeing protection to cover for the expenses, clinic bill or all the more over the extravagant pharmaceuticals. Talking about prescriptions, the Philippines positioned number two with the most lavish drug on the planet as led by the study of the University of El Salvador. Our underprivileged brethren have a tendency to cut their tablets down the middle despite the fact that they shouldn’t. In some cases, they simply don’t consent to the course of the drug, in view of the weight it causes them fiscally. This is the reason The Generics Pharmacy started to be. With the vision to help the poor and to advance human services for a small amount of an expense. On the off chance that you are anticipating to create profits to gain by supporting medicinal services for all then you need to stick with us and check out below.

About The Generics Pharmacy

The organization started in 1949 under Pacific Insular Co. which is a German trader and wholesaler of solution. In 1959, Mr. Liuson’s gatekeepers obtained the association. In 1974, he accepted control and by seeing the necessity for a reasonable prescription, he decided to focus on nonexclusive medication wholesale at lower edge in 1983. The association meandered into retail in 2001, keeping up only 1 augmentation in Quezon City, yet then authoritatively serving customers of Batangas. As the investment built up, the association decided to assemble accessibility of quality and sensible generics through franchising in the year 2007. The Generics Pharmacy (TGP) opened its first foundation outlet in Pasay City and nearby areas. 20 more stores were established in Metro Manila that year. They have accomplished a center of 1480 stores before the end of 2012, turning TGP to be the greatest drugstore chain in the Philippines.

Fees and Package of a The Generics Pharmacy Franchise

The Generics Pharmacy franchise package is about P600, 000 to P800,000 for an outlet. This consolidates the foundation cost and also a strong system essential to run The Generics Pharmacy.

Every franchisee who joins the framework focal points from a full help package that fuses:

• The benefit to use the trademark, name and logo
• Start-Up and Pre-opening support
• Site evaluation support
• Outline/Store setup and improvement support
• Foundation operations manual
• Sweeping planning on medication store retailing, business organization/operations and customer organization
• Training on preparing on bland medicines
• Uniform for the staff
• Marketing strategies assistance
• Advertising and Promotion aid

As a franchisee, you will be fit for undertaking with proceeding with backing to help you run and keep up your outlet’s execution at a perfect level. They are as follows:

• General checking of your outlet
• Prompt and Open-line correspondence with franchisor
• Advancing business advising and course
• Refresher trainings on new things, organizations, progressions or retail advancements
• National and neighborhood store advertising backing and course
• The beginning term of the franchise agreement is three (3) years, which is renewable to two additional 3-year terms for a total of 9 years.

Royalty and Additional Costs of Operating The Generics Pharmacy Franchise

You would be required to pay the royalty fee which is proportionate to 1% of gross sales. You would pay this on a month to month premise each fifteenth of the succeeding month. The royalty fee can be raised later on relying upon the circumstance.

How to Franchise The Generics Pharmacy?

a) Submit the following:

• Letter of intent
• Region or area guide of the target location
• Filled-out Franchise Prequalification Form from: www.thegenericspharmacy.com/frform.php
• Resume with colored photo and valid ID copy

b) Your abilities will be studied and evaluated inside and out.

c) If qualified, you will be invited to discuss the purposes of investment and terms of the foundation before consenting to the foundation game plan.

You could make headway with the accompanying few stages when you have passed the early on screening and they are as follows:

• Go to The Generics Pharmacy Business Seminar at the cited date.
• Call Mr. Miguel Antonio Lindo at 821-1111 to confirm.
• Search for your preferred store location and have it authorized by The Generics Pharmacy Franchising Corporation.
• Register with DTI for a single proprietorship and SEC for a Corporation.
• Obtain a lease contract from landowner. The area should be not less than 15 sqm as that is the deem requirement of FDA.
• Racks and signage design
• Search for a licensed pharmacist.
• Send to The Generics Pharmacy the complete FDA requirements.
• Apply City Hall licenses.
• Apply BIR licenses.
• Apply allow for POS and/or Sales Invoice & O.R.
• Be ready for an actual training (franchisee, pharmacist, and assistant). The 3 day training is held at the TGP owned outlets. Usually, the training is done 15 days prior to the grand opening date.

For more details, feel free to reach TGP through the following contact details:

Opening Hours: Monday to Saturday 7:00am to 6:00pm
Address: Km.14 West Service Road, Cul de Sac corner Edison Street Sun Valley, Paranaque City 1700
E-mail: customercare@tgp.com.ph
Phone: (632) 821-1111;
Fax:  (632) 821-5304, (632) 821-6103, (632) 823-0267