Submit a letter of intent and fill up the questionnaire to be found in the marketing kit. Drop them at the address provided at the bottom. The franchise application will be reviewed and evaluated by the Southeast Drug management.
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.
How many Mercury Drug Stores are there in Philippines?
Today Mercury Drugs had grown to over 1,200 stores nationwide and one of the most awarded businesses in the Philippines. Can you Franchise Mercury Drug?
Is Mercury Drug a good business to start?
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.
Is it worth it to franchise a pharmacy store?
The Pros And Cons Of Franchising A Pharmacy Store 1 Drug stores have more legal documents required to legalize its operation. 2 Aside from the store, you will also need a warehouse for storing products. 3 Starting a drug store requires a higher investment than other businesses.
Who is the owner of Mercury drugstore?
Mercury Group of Companies IncMercury Drug / Parent organization
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.
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 do I start a drugstore 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 do I apply for drugstore LTO?
FDA LTO Initial Requirements:Completed Application Form with Declaration and Undertaking.Proof of Business Name Registration.Risk Management Plan.Site Master File (for manufacturers of drugs, devices and cosmetics)Fees payment.
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 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 much does it cost to open a pharmacy store?
It typically costs $400,000 – $600,000 to open your own pharmacy.
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!
Why drugstore is a good business?
A drugstore is one of the most stable businesses because medicine is a necessity, and demand continuously increases as the population grows.
How do you become a drug distributor?
Legal requirements The person applying for the license should have a degree or diploma in pharmacy from a recognized institute. There should be at least one years' experience in dealing with drugs. GST Registration is mandatory for launching the distribution business.
What type of business is drugstore?
The retail drug store industry consists of neighborhood pharmacies, large drug store chains and supermarkets or general retailers with drug store departments. Despite the ubiquity of drug stores, competition within the industry is strong as retailers adapt to changing trends in the market and seek to retain customers.
How much does it cost to set up a pharmacy?
It typically costs $400,000 – $600,000 to open your own pharmacy. The average monthly operating expenses for a pharmacy total around $30,000. As a new pharmacy establishes itself, it may not be able to fill enough volume to pay the operating costs each month.
What are the requirements for pharmacy business?
Pharmacy – Business Registration RequirementsBusiness Name Registration. Visit Department of Trade & Industry (DTI) ... Mayor's Permit. Agency: Local municipality where the business is located. ... Tax Identification Number (TIN) ... Social Security System (SSS) ... Department of Labor and Employment (DOLE) Registration.
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.
Is pharmacist in demand in Philippines?
Pharmacists are enjoying lucrative careers within our country and abroad. There is no shortage of job opportunities, as they are very much in demand.
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 ...
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.
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.
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.
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.
