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
When was Generika Drugstore established?
How many stores does Generika have?
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.
How can I franchise a generics pharmacy in the Philippines?
The Generics Pharmacy Franchise Application Process Letter of intent. Vicinity or location map of the proposed site. Filled-out Franchise Prequalification Form. Resume with colored ID.
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?
How many branches does Generika have?
Since then, it has grown into a chain of over 765 branches nationwide.
How much capital is required 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 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.
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 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!
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.
Who is the founder of Generika?
. Teodoro L. FerrerGenerika Drugstore came about when its founders, Mr. Teodoro L. Ferrer, then a newly retired Ayala executive, and Mr. Julien B.
What is the leading drugstore 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.
What type of business is Generika?
Generika Drugstore is the pioneer private drugstore chain established in 2003 to provide access to quality, affordable, generic medicines and related health products and services.
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.
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.
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 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!
Generika - Store Locator
Franchisee Portal; Store Locator. Home > Store; Submit
When was Generika Drugstore established?
About Generika Drugstore. Generika Drugstore was established in September 2003 to address the need for affordable medicines and promote the use of generic drugs in the context of high prices of medicines in the country.
How many stores does Generika have?
With 16 stores, the company took the next big step into franchising the Generika Drugstore business model in May 2008. As of February 2013, Generika has a total of 350 stores nationwide.
When did Generika start selling medicine?
In 2004, Generika Drugstore opened its doors and started selling medicines to the public through its first outlet located in Montillano, Muntinlupa. Since then, more customers have patronized Generika Drugstore and the company continuously expanded by opening more stores.
What is MEDPadala in Generika?
True to its pioneering nature, Generika Drugstore launched in 2014, MEDPadala- an electronic gift certificate used to purchase medicines. This is in response to the growing need of OFWs abroad who sends money to the Philippines for their families health needs.
Is Generika a subsidiary of Ayala?
Another major milestone took place in 2015 when Generika Drugstore became a proud member of AC Health, a subsidiary of Ayala Corporation. Through AC Health, Ayala acquired 50% stake of Generika to help address the gap in affordable retail healthcare.
Does Generika have a generic drugstore?
Generika Drugstore offers complete range of generic and select brand name medicines, nutraceuticals, select consumer goods and other health care products. Generika also has its own line of generic medicines and nutraceuticals under the brand names, Actimed and Nutrawell.
Brief Background of the Generika Drug Store Franchise
Generika Drug Store was established in 2003 to open the market to a cheaper alternative to pricy medicines that are dominant in the country.The first store was so successful, that it has now expanded up to 360 stores all over the nation.
Steps to Franchise Generika Drug Store
If you wish to invest in Generika Drug Store, we recommend emailing them (contact information provided below). In this way, you are able to be directly assisted as well answer any of your inquiries.
How long is a Generika franchise good for?
It is a one-time payment which is good for the entire duration of the franchise (5 years). The Franchisee Fee grants the Franchisee the right to use the Generika Drugstore trademark and to be taught the Generika Drugstore system. Part of the franchise fee paid is used for market study done by the. Franchisor to validate ...
Does Generika have to inform the interested party of the sale?
You must inform Generika of your intention to sell. Generika will have to evaluate the interested party and make sure that he/she is qualified to take over the existing franchise.
Does Generika have a drugstore?
In most cases, Generika Drugstore does not, as good sites are difficult to get and are quickly taken. Generika suggests that you look for a site yourself to be able to get a franchise sooner.
How long is a franchise good for?
How long is the franchise contract?#N#The franchise contract is good for five years and can be renewed. For renewal of the franchise contract, you will be charged 30% of the prevailing franchise fee. This renewal is valid for another five (5) years.
Is it possible to start a drugstore in the Philippines?
Establishing a drugstore business can be a lucrative opportunity in the Philippines. This is because just like daily necessities such as rice and cellphone load , medicines — maintenance medications, food supplements or vitamins — have become part of daily expenses.
How to Franchise Generika Drugstore
The Franchise Package ranges from Php345,000.00 to Php605,000.00 and refers to what is paid to us as Franchisor. Its amount and content varies according to the type of outlet that is opened (Regular, or Small Town, or Drugstore Conversion).
Basics of Franchising Generika Drugstore
There is high success rate due to its business model rather than starting from scratch.
When was Generika Drugstore established?
About Generika Drugstore. Generika Drugstore was established in September 2003 to address the need for affordable medicines and promote the use of generic drugs in the context of high prices of medicines in the country.
How many stores does Generika have?
With 16 stores, the company took the next big step into franchising the Generika Drugstore business model in May 2008. As of February 2013, Generika has a total of 350 stores nationwide.
