Full Answer
Which is best franchise for medical store?
The brand is also coming up with its health portal and mobile app for the benefit of the people.Sanjivani. Founded in: 2006. Franchising since: 2015. ... EMEDIX. Founded in: 2016. ... SastaSundar. Founded in: 2013. ... Apollo Pharmacy. Founded in: 1983. ... DavaIndia. Founded in: 1995. ... Medlife. Founded in: 2014. ... MedPlus Pharmacy. Founded in: 2006.
How much is the franchise of Generika in the Philippines?
Generika Drugstore Franchise Details: Royalty Fee: 1 % Marketing Fee: 1 % Franchise Fee: PHP 210,000. Investment Capital: PHP 500k.
Can you franchise a pharmacy?
Whether you're an established owner of an independent pharmacy or a pharmacist working at a major chain, the right franchise opportunity can be your next, best move. Above all, look for a franchisor with the resources, experience and commitment to work with you one-on-oneevery day to help you succeed.
How many TGP branches are there?
With over 2,000 branches nationwide, TGP Pharma Inc. is committed to making healthcare affordable and accessible for every Juan, making it your friendly neighborhood pharmacy outlet.
Is generic pharmacy profitable?
Franchisees will get a highly profitable and stable investment that will surely provide huge returns. It has a 90% Success Rate.
How much does it cost to open a pharmacy in the Philippines?
It is possible to start with only Php 100,000 if you own the location and if renovation would be minimal. But, this amount will only be sufficient if you will stock mostly on generic drugs. In most cases, the minimum start up requirement will be at least Php 300,000 for a small drugstore. 2.
How much does it cost to open a pharmacy store?
The estimated minimum investment is $290,000. Other franchises set their own fees. The opening inventory is another major expense. Your drug wholesaler can help you set up the inventory, giving you a standard prescription medication order for a pharmacy of your size.
How does pharmacy franchise work?
A pharma franchise is a business model where a pharmaceutical manufacturing company offers exclusive marketing and selling rights to a business owner. This business model offers convenience and liberty to the franchisee in terms of business, product procurement, order quantity, investment, and marketing!
What is an example of a franchise pharmacy?
Medicap Pharmacy Medicap offers a convenient, affordable and professional pharmacy franchise model. The company specializes in opening new stores and converting existing pharmacies and independent pharmacies into the Medicap concept.
Who is the founder of TGP?
Founder Ben LiusonTGP Founder Ben Liuson awarded Entrepreneur of the Year by APEA.
When was TGP founded?
THE GENERICS PHARMACY (TGP) started out as small pharmaceutical company called Pacific Insular Company in 1949. Acknowledging the dire need for quality medicines at affordable prices, the company focused on generic medicines to provide Filipinos with more affordable alternatives.
Who owns the generic pharmacy?
Benjamin I. LiusonBenjamin I. Liuson is the founder and Vice-Chairman of the Board of The Generics Pharmacy (TGP), the largest drugstore chain in the Philippines. In 2001 Mr. Liuson ventured into retail starting with only one outlet and adopted the Franchising business model by 2007 at which time TGP grew to 20 outlets in Metro Manila.
Is pharmacy business profitable in the Philippines?
Since medicine is a basic human need, a pharmacy business is a stable business idea. It's also highly profitable, with a profit margin ranging from 15% to 50%.
Who is the owner of Generika Drugstore?
But, 15 years ago, that did not stop the founder, Ted Ferrer- a retired Ayala Executive, and co-founder Julien Bello- a French social worker to make their vision of making quality healthcare affordable and accessible to the Filipinos with the introduction of Generika Drugstore.
Is Rose Pharmacy a franchise?
Retail pharmacy This is the most common type of pharmacy in the country. Most pharmacy chains fall under this category, like Mercury Drug, Rose Pharmacy, and Southstar Drug. They carry patented or originator medicines and branded generics. Retail pharmacies do not offer pharmacy franchises in the Philippines.
Who is the owner of The Generics Pharmacy?
Benjamin I. LiusonBenjamin I. Liuson is the founder and Vice-Chairman of the Board of The Generics Pharmacy (TGP), the largest drugstore chain in the Philippines. In 2001 Mr. Liuson ventured into retail starting with only one outlet and adopted the Franchising business model by 2007 at which time TGP grew to 20 outlets in Metro Manila.
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When did TGP start retailing?
The company ventured into retail in 2001, maintaining one branch in QC, but then already serving customers as far as Batangas. As demand grew, the company decided to increase the accessibility of affordable generics through franchising beginning the year 2007. In the same year, TGP opened its first franchise outlet in Pasay City followed by 20 more stores in Metro Manila.
Who owns TGP drugstores?
In 2016, Robinsons Retail Holdings Inc. (RRHI) acquired a 51% majority stake in TGP. As of 2017, TGP claims to have 1,900 outlets nationwide, supposedly making it the largest drugstore chain in the Philippines.
How far away from TGP is a drugstore?
The company requires a TGP location to be at least 1 kilometer away from the nearest TGP drugstore or be located inside a mall with a cinema. Each TGP outlet must be at least 15 sq. m. in size, otherwise, it won’t be approved by the Food and Drug Administration (FDA) of the Philippines.
How long does it take to recover a franchise fee?
According to the company, the expected payback period to recover the franchise fee investment is around 2 to 3 years. The actual payback duration is, of course, dependent on the overall performance of the TGP outlet.
What are the benefits of TGP?
Full support package that includes: 1 Right to use TGP’s trademark, name and logo 2 Start-Up and Pre-opening assistance 3 Site evaluation assistance 4 Architectural/Store design and construction assistance 5 Franchise operations manual 6 Extensive training on pharmacy retailing, business management/operations and customer service 7 Guidance and education on generic drugs 8 Regular advertising support 9 Marketing and Promotion assistance
How much royalty is there for continuing support?
There is also a 1% royalty fee from gross sales for continuing support services.
Can a pharmacist supervise more than one drug establishment?
Provided, that no pharmacist shall have personal supervision of more than one such establishment. In cases where a drug establishment operates in more than one shift, each shift must be under the supervision and control of a registered pharmacists.”.
What does "agree" mean in TGP?
By clicking “agree”, you consent to the collection and processing of your personal data by TGP. Please ensure that you have read all the terms in our Privacy Policy before providing your consent.
How many branches does Generics have?
The Generics Pharmacy has over 2,000 branches nationwide that offers high quality and affordable medication. Head over to your nearest branch now!
What is the most profitable pharmacy franchise in the Philippines?
Another one of the most popular and profitable of the available pharmacy franchises in the Philippines is Farmacia ni Dok. This drug store franchise is being endorsed by Ai-ai De las Alas and is waking waves in the industry ebcause of it.
When did generic pharmacy start in the Philippines?
It was not well known before, but it started in 2001, with just one branch in Quezon City.
How many Publiko branches are there?
As of date, they have around 50 branches nationwide.
Can generic medicines save money?
Moreover, people are now getting educated that generic medicines exists and they can save a fortune if they switch to less costly but as effective generics meds.
About The Generics Pharmacy Franchise
THE GENERICS PHARMACY (TGP) started out as small pharmaceutical company in 1949. Acknowledging the dire need for quality medicines but at affordable prices, the company focused on generic medicines to provide the Filipino with a more affordable alternative.
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