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
24 responses to “How to Franchise: The Generics Pharmacy (TGP)”
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application process bullet style please
Ma’am/Sir
Good day!
I am interested to franchise TGP to start my own business in the community. The target area would be in Kalilangan Bukidnon.
I am hoping for your assessment. Thank you.
Hello po interested po kaming magfranchise ng TGP dito sa Macrohon, Southern Leyte. May store na po kami located along the national highway at wala pa pong ibang pharmacy dito sa amin. Thank you
Ma’am/Sir
Good day!
I am interested to franchise TGP to start my own business in the community. The target area would be in Wao, Lanao del Sur
I am hoping for your assessment. Thank you.
How to avail?
Ma’am/Sir
Good day!
I am interested to franchise TGP to start my own business in the community. The target area would be in lemery, Batangas near @ sm lemery and metro lemery…
I am hoping for your assessment. Thank you.
REPLY
pwede po mag franchise ang cooperative? thank you
Good day, I would like to be a franchisee in Poblacion, Manukan, Zamboanga del Norte.
The space for the store is ready located at the center of Poblacion along the national highway.
Thanking in advance for your reply
Hi po. My family are interested po sana to franchise TGP. Dito po sana sa iloilo. We would like to know the whats and hows sana para makapag process na. Thank you.
Hi@ Good Day po! We are interested in franchising TGP here in Lancaster New Cavite City Zone 2. New OFW Community in Brighton 1.
Hi po we are interested in franchising TGP here in talisay city negros occidental.
Thanks for immediate reply.
Hi po,im intereted in franchising TGP here in lamitan basilan province..hoping for your reply
Thank you!
Hello,
I am interested to apply as franchise for TGP. I sent a message from the website a few days ago but no reply yet.
Looking forward in hearing from head office.
Interested in franchising TGP here in Tuba Benguet. Thank you and Hoping for your assessment
I am interested to franchise for TGP here in Tacurong City Sultan Kudarat
Hello,
I’m interested in franchising a TGP Pharmacy in Paranaque City, BGC, or any NCR locations available.
Hello po I’m interested po ako about franchising Bohol or CDO.more power.
i am willing to Franchise this Business,i have Store and i add this TGP to the Future of my Family.
Ma’am/Sir
Good day!
I am interested to franchise TGP to start my own business in the community. The target area would be in Calamba laguna
I am hoping for your assessment. Thank you.
I do own a lot and building here in Poblacion 1 Taal, Batangas. It’s very near public and private high schools, Taal church and Taal market. It’s in the heart of heritage town of Taal. Should there be someone interested in this locale for putting up TGP Pharmacy please let me know as I am offering this site plus the building for lease. Sure, all residents plus the neighboring towns, all walks of life will be benefited by the quality service and products this Company will offer. I could be reached at 0915-462-1528 or email me back, thanks
Sincerely,
Luz MMarinay
I sm interested to franchise TGP located in Mirafuentes Magugpo North Tagum City, Davao del Norte. How much the cost of franchising and give me details.
Interested in franchasing
hi sir/maam
interested po ako mag franchise TGP, location po sa lumiyap, divisoria, zamboanga city.
Good day. I sent an email in 2019 regarding my intention to be one if your francise dealers but I did not get a reply and then the pandemic I hope I will be successful this time. Me and my family is very keen to start this business. I am a nurse innthe UK and will be retiring soon and hoping to start this business.I hope you will consider my application. The business site is either Lapilapu City or Talamban both in Cebu. I hope you will consider my application