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. ...
- Racks and signage design
- Search for a licensed pharmacist.
Full Answer
How much does the generics pharmacy franchise cost in the Philippines?
What Is the The Generics Pharmacy Franchise Cost in the Philippines? The total investment needed for a TGP franchise is around P600,000 to P800,000 per outlet (depending on your preferred size). This price includes the franchise fee and the total support system you will need to successfully run your franchise. What Does the Franchise Fee Cover?
What is the history of the generics pharmacy?
Here are relevant information to help you understand how to franchise, how much the franchise fee is, and who to contact to start your own The Generics Pharmacy franchise. The company started in 1949 under Pacific Insular Co., a German importer and wholesaler of medicine. In 1959, the Liuson family bought the company from the original owners.
How to start a pharmacy business in generics?
There is a need to attend The Generics Pharmacy Business Seminar at scheduled dates. You can call Mr. Miguel Antonio Lindo at (02) 821-1111 local 411 for your registration. You need to look for your possible site and have it approved by the company as initial step.
How do I become a TGP franchisee?
Those interested to acquire a TGP franchise should submit the following: The company will review the application and, if qualified, the potential franchisee will be invited to a business meeting to discuss the details and terms of the franchise prior to signing the franchise agreement.
How to become a franchisee?
When did generics start?
How long is a franchise agreement?
How much is the franchise of generic pharmacy in the Philippines?
How much does it cost to franchise a TGP? The total investment needed for a TGP franchise is around P600,000 to P800,000 per outlet (depending on your preferred size). This price includes the franchise fee and the total support system you will need to successfully run your franchise.
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.
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.
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.
Is owning a pharmacy profitable?
4) The average pharmacist who owned a single pharmacy earned about $158,000 in 2020. We estimate that on a per-pharmacy basis, the owner's discretionary profit (ODP) shrank from about $200K in 2015 to $129K in 2018. Since then, compensation has rebounded, to an estimated $141,000 in 2019 and $158,000 in 2020.
How do I start my own pharmacy business?
How to Start a Pharmacy Business in India?Fulfil eligibility conditions. To open a retail drugstore, you must own a minimum area of 10 sq meters. ... Type of pharmacy. You must choose a type of pharmacy business. ... Register your store. ... Get a drug license. ... Get GST registration. ... Explore funding opportunities.
How much does a pharmacy franchise cost?
Total investment required to set up a MedPlus Franchise is between Rs 17.50 to 20 lakhs depending on the location and the size and condition of the premises.
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.
Which generic medicine franchise is best in India?
Best Generic Medicine PCD Franchise Company in India – Sonika Life Sciences. The Company, Sonika Life Sciences is offering the best range of generic medicines. Also, Sonika Life Sciences is a company that uses the best quality raw materials for the formulation of the products.
How much it cost for Apollo pharmacy franchise?
Apollo Pharmacy Franchise Cost The company charges a franchise fee of 10 – 15 Lakhs depending on the location of the store and the Initial stock of medicines and products can cost up to 5 lakhs. Other expenses like furniture, equipment, and miscellaneous expense can cost up to 5 Lakhs.
Is MedPlus franchise profitable?
It yields profit in high margins, and the MedPlus pharmacy franchise has a presence all over the country. MedPlus has made a mark as an e-pharmacy, and customers can buy OTC products, medicine, nutrition products and FMCG. A qualified pharmacist can seek out a loan and comprehend how to get the MedPlus franchise.
Is the generics pharmacy a FIlipino brand?
Company description The Generics Pharmacy stemmed from its mother company, registered in 1949. In 1959, when a group of FIlipino enterpreneurs took over, the company began importing and wholesaling pharmaceutical products.
What is the company of the generics pharmacy?
Profile. 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.
Does Mark Cuban have his own pharmacy?
In January, Mark Cuban Cost Plus Drug Company (MCCPDC), owned by billionaire entrepreneur Mark Cuban, launched an online discount pharmacy, costplusdrugs.com. Six months in, MCCPDC offers more than 800 generic drugs with plans to offer name-brand medications as well.
Does Mark Cuban own cost plus pharmacy?
Cost Plus Drugs, Mark Cuban's new pharmaceutical company, might be their best shot at finding the affordable medications they need.
What is Generic Name?
Generic Name or Generic Terminology is the identification of drugs and medicine by their scientifically and internationally recognized active ingre...
How much is the total franchise investment?
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 syst...
What does the franchise fee cover?
The franchise fee covers the cost of providing you with pre-opening and start-up assistance, initial training and other support and business develo...
Advertising Fee
All stores are required to pay 1% of the gross sales as an advertising fee. This is paid on or before the 15th of the succeeding month.
How do I start the whole process?
a. Attend TGP Business Seminar at the scheduled date.b. Call Mr. Emer Sanchez at (8)821-1111 local 417 to register.c. Look for location and have it...
Will franchisor increase franchising and royalty fees in the future?
Yes, depending on prevailing situation.
What other continuing support will I receive?
As our franchisee, our representatives will provide advice and guidance, and check quality control compliance, and may be consulted on any matter y...
What is the term of the franchising agreement?
The initial term of the franchise agreement is three (3) years, renewable to 2 additional 3-year terms for a total of 9 years.
Will we be trained on TGP system of operations?
Yes. At our company owned outlets, franchisees and their staff will be given 3 days training on pharmacy operations, services as well as orientatio...
Will I have exclusive territory?
You will not receive an exclusive territory. However, TGP Pharma Inc. will see to it that each site will service the population to the fullest to m...
Top 5 Pharmacy Franchises in the Philippines
There are many people who are stricken with illnesses and diseases in the country and unfortunately, not all of them are properly diagnosed or given the right medicine, because the constitution currently does not have any national medical insurance. Actually, even PhilHealth and DOH could not give
List of TGP Generics Pharmacy Price and Branches
List of Available Medicines. TGP has been known to provide quality medicines that are more affordable than branded ones. You can find almost all generic medicines from its branches for your convenience.
Franchise | The Generics Pharmacy - TGP
About TGP. TGP has carved a name for itself as one of the leading pharmacy franchises in the Philippines. Seeing the need for everyday Filipinos to have access to affordable yet quality medicine, the company pivoted its operations and focused on delivering generic medicines to Filipinos instead.
The List of Drugstores in the Philippines and Their Take on ... - TGP
Drugstores and Vaccinations. Nonetheless, vaccinations have made a profound impact on the medical world. Numerous drugstores around the Philippines has listed vaccination as one of the most necessary practices for the people’s general welfare.
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.
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.
What is the law in the Philippines for pharmacy?
Under Philippine laws, the operation of a retail drugstore requires the supervision of a registered pharmacist. This is mandated by section 29 of Republic Act No. 5921 (An Act Regulating the Practice of Pharmacy and Settings Standards of Pharmaceutical Education in the Philippines) which states that:
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.
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 is a generics pharmacy franchise fee?
The Generics Pharmacy store franchise fee covers the cost of (1) providing you with the pre-opening and start-up assistance that you will need such as site evaluation, architectural and store design, and construction assistance; (2) initial pharmacy retail training for you and all of your staff; (3) regular advertising support, and; (4) business development services. This also includes the rights to use the TGP trademark, name, and logo.
When did generics pharmacy open?
In 2001, The Generics Pharmacy branched out into retail, opening its very first branch. It quickly realized, though, that one was not enough. With the franchising model, The Generics Pharmacy was able to reach Filipinos in every corner of the country. In 2007, it set out with its first 20 franchises within Metro Manila.
What are the Terms of the Franchising Agreement?
The initial term of the franchise agreement is three (3) years, and an additional two three-year terms for a total of nine years.
What is TGP pharmacy?
The Generics Pharmacy (TGP) has carved a name for itself as one of the leading pharmacy franchises in the Philippines. It has its beginnings as a humble pharmaceutical company that began in 1949. Seeing the need for everyday Filipinos to have access to affordable yet quality medicine, the company pivoted its operations and focused on delivering generic medicines to Filipinos instead.
How much royalty does Generics Pharmacy charge in 2021?
As of 2021, The Generics Pharmacy has a royalty fee of 1% of the gross sales for continuing support services.
How successful is franchising in the Philippines?
It has a 90% Success Rate. Franchising has proven to be a successful way to invest your money, with a 90% success rate in the Philippines. Regardless of the economic climate, it can provide franchisees with steady income.
How long is a franchise agreement?
The initial term of the franchise agreement is three (3) years, and an additional two three-year terms for a total of nine years.
About The Generics Pharmacy
The Generics Pharmacy started in the year 2007, where TGP opened its first branch in Pasay City. The Generics Pharmacy then branched out in the nearby areas, as branded medicines have started to become really expensive at that time and business is starting to get good.
How to Franchise TGP: The Franchise Fee, Package and Terms
The franchise fee for a The Generics Pharmacy Franchise is P600k to 800k. This includes the following to run the business:
Company History
TGP or The Generics Pharmacy was established in 1949. Because of its successful entry into the market, the company decided to venture into retailing in 2001 with only a single outlet.
Health Entrepreneurs
The goal of having a TGP Franchise is to make healthcare entrepreneurs out of every Pinoy so every Juan gets access to quality and affordable generic medicines.
The Generics Pharmacy Franchise Packages
The investment fee can be as low as P600,000.00 to P800,000.00 which is inclusive of the franchise fee only and two options are available for the franchisee.
The Benefits of Franchsiing TGP
If you decide to become a franchisee, you will have the full support package that includes all of the following:
Step-by-Step Guidelines: TGP Franchise
The following are the steps if you want to own The Generics Pharmacy franchise in your area.
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.
Ultimate Guide to Franchising
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
About UNIFIED GENERIC PHARMACY Franchise
UNIFIED GENERIC PHARMACY (UGP) is an innovative combination of pharmacy, convenience store and payment cente into a ONE business.
Franchise Business Address
Our main office was located a JR Bldg. 1520 Quezon Ave. South Triangle, Quezon City.
Ultimate Guide to Franchising
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
How to become a franchisee?
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: 1 General checking of your outlet 2 Prompt and Open-line correspondence with franchisor 3 Advancing business advising and course 4 Refresher trainings on new things, organizations, progressions or retail advancements 5 National and neighborhood store advertising backing and course 6 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.
When did generics start?
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.
How long is a franchise agreement?
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.
About The Generics Pharmacy
Franchise Fee and Total Investment
Franchise Package Inclusions
Investment Payback Period
Requirement of Registered Pharmacists as Staff
Location Requirements
Franchise Application Steps
- Those interested to acquire a TGP franchise should submit the following: 1. Letter of intent 2. Vicinity or location map of the proposed site 3. Filled-out Franchise Pre-qualification Form 4. Resume with colored ID The company will review the application and, if qualified, the potential franchisee will be invited to a business meeting to discuss th...
Contact Details