There are various types of franchise that you can avail:
- Standard Package – P150,000
- Satellite Package – P50,000
- Small Town Package – P50,000
- Twin Store Package – P50,000
- Drugstore Conversion – P100,000
- Mini-Town Package – P30,000
Full Answer
How much does it cost to open a pharmacy in 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 is the franchise of generic pharmacy in the Philippines?
The total investment for TGP franchise is about P600,000 to P800,000 for an outlet. This includes the franchise fee as well as a total support system necessary to run TGP. What does the franchise fee cover? How to become a TGP Franchisee?
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.
Who is the owner of Mercury drugstore?
Mercury Group of Companies IncMercury Drug / Parent organization
How do I get a Mercury franchise?
Sadly, Mercury Drug is not open for franchise, all of its branches nationwide are company owned.
Is Watsons a franchise?
While Watsons is not available for franchise, looking to their business and understanding what makes them such a succeful brand can also helps aspiring and current franchisees on their journey towards the success of their own businesses.
How much does a pharmacy franchise cost?
The cost of investment is 1 to 5 lakh rupees and you need 120-300 ft. sq. space to open the pharmacy store.
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 the biggest pharmacy in the Philippines?
Founded by the Dy family in 1937, Southstar Drug started as a humble mom-and-pop business in the city of Naga. Today, it stands as one of the largest drugstore chains in the Philippines, with more than 500 stores nationwide. It is currently also listed as one of the country's Top 500 Corporations.
Why is Mercury Drug successful?
Mercury Drug Corporation Under Que, the store became the pioneer of pharmaceutical services like using centralized and computerized warehouses and refrigerators for preserving medicines and drive-through services. It was also the first to introduce pharmacy counseling and 24/7 service.
Why is it called Mercury Drug?
He named it after Mercury, the messenger of the gods in Roman mythology, whose caduceus wand is sometimes used as a symbol of medicine, as well as the element of the same name and the closest planet to the Sun in the Solar System. The logo was designed by Alfredo Medinaceli Cabrera.
How do I start a generic pharmacy business?
How to Start a Generic Pharmaceutical Company in IndiaFollow Few Simple Steps to Start a Generic Pharmaceutical Company in India. Make a Business Plan. Register Company under Company Act.Acquire Drug License No. Get the GST Number. Few Further things that one would require to start generic pharmaceutical company.
How do I start a pharmacy business in the Philippines?
Here are some tips on starting a drugstore:First, look for an ideal location. ... Get your business name registered. ... Hire a pharmacist. ... Get the list of requirements from FDA (Food and Drug Administration). ... Study your market to determine the ideal product assortment. ... Hire capable personnel.
How much is Jollibee franchise?
Upon receipt of application, this will take 1 month of processing. However, submission of an application form does not obligate you or Jollibee in any way. It is just the first step in the application process, which is an evaluation of your proposed location. Jollibee franchise ranges from Php 25-35 Million.
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.
Brief Background of the Mercury Drug Franchise
Mercury Drug began from a bottle of sulfathiazole, which was considered a wonder drug after the war.
Corporate Social Responsibility
Mercury Drug engages in corporate social responsibility programs, through Mercury Drug Foundation, as a way of giving back to the people for their loyal support through the years.
Awards in 2018
Most Trusted Pharmacy Chain in Asia.
Steps to Franchise Mercury Drug
As of writing, Mercury Drug is not open for franchising and all branches are company owned. Look out for investment opportunities in this page in the future when Mercury Drug gives an update about franchising.
Contact Information
Office address: 7 Mercury Ave. cor. C. P. Garcia Ave., Bagumbayan, Quezon City, 1110 Metro Manila, Philippines
When was Mercury Drug founded?
On March 1, 1945, Philippines witnessed the establishment of Mercury Drug, but this drug store company became a full-blown store, it’s founder started as a medicine peddler, selling sulfathiazole in ‘tingi-tingi’ to make the drug more affordable to the public. More than 70 years since its establishment, that medicine peddler became the founder ...
How many square meters are drug stores in the Philippines?
Every drug store in the Philippines is subjected to follow the standard minimum lot requirement of 15 square meters. Businesses who fail to comply will be approved to operate their business. Drug store franchises have a high requirement in terms of financial investment which may not fit every capital budget of people starting their first business.
Why are drug stores important?
Drug stores are a great way to help your community have better access to medical supplies.
Is Mercury Drug open for franchising?
While Mercury Drug is not open for franchising, do not lose hope as there are also plenty of drug store companies that offer franchising opportunities, and if you are still interested you may check out the following information that you should know about drug store business in the Philippines.
Who is the founder of the drug store in the Philippines?
More than 70 years since its establishment, that medicine peddler became the founder of the most recognized drug store brand in the Philippines, catering to the needs of millions of Filipinos nationwide.
Can you Franchise Mercury Drug?
With the reputable brand name and decades of industry practice, Mercury Drug is one of the top contenders in terms of business investments that entrepreneurs want to dive into if they’re thinking of starting a business within the pharmaceutical industry .
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 branches does Farmacia Ni Dok have?
As of date, Farmacia ni Dok over 150 branches nationwide, only five of which are store owned. The rest are franchisees, showing the profitability of the drug store franchise, the company’s support for franchisees and customers and the popularity of the brand.
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.
