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Generics Pharmacy Franchising

Posted on December 12, 2015 | No Comments on Generics Pharmacy Franchising

Established with the mission of making medicines more accessible to all Filipinos especially the poor who are often deprived of health and medical care due to the incessant cost of health care service and medicine, the Generics Pharmacy stemmed from a pharmaceutical company that was established in as early as 1949.  With the ever increasing medical and pharmaceutical products, the company resorted to focusing on generic drugs which it initially sold to government hospitals which catered mostly the less fortunate Filipinos who needed affordable quality medicines. Soon thereafter and especially with the promulgation of Republic Act 6675 famously known as the Generics Act, more and more Filipinos had been educated about generics medicine, which only differs fundamentally with branded medicines in terms of its price.  With this newly found enlightenment, demand for generic medicine soared and many Generics Pharmacy sprouted in different strategic locations across the nation.  In its continuing commitment to make medical supplies more accessible to more Filipinos, the company continues to open its door for franchising to further expand its distribution retail network to serve the growing population of the country.

Applying for Generics Pharmacy franchising is very easy and convenient.  The first requirement is for one to share with the mission and values of the company of providing affordable quality medicines to Filipinos. As a business venture, one should have the time, commitment, knowledge and characteristics that an entrepreneur must have including being customer service oriented, honest, aggressive and hardworking and motivated to succeed.

Initial capital investment required for the franchise ranges between P600,000 to P800,000 inclusive of franchise fee. An applicant has two franchise options. The solo/ express franchise is an independent outlet located near a markets or hospitals. A tandem or instore franchise is an outlet that is located within a medical institution or another store (grocery store or department store). To ensure profitability, the outlet should be located hear hospitals or clinics, public markets, or commercial stores.

The franchise package consist of the following benefits, the use our trademark, name and logo, start up assistance including site evaluation, store design, training and education on generic drugs, uniform for personnel, advertising and marketing support.  The mother company also provides support services like monitoring, consultation, refresher training, among others for continuing support

To apply for franchise, simply fill up an application form which can be downloaded in: http://www.thegenericspharmacy.com/frform.php.  Attachments to the application included a letter of intent, proposed location of the outlet and explaining why it is strategic, and applicant’s resume and photo.  This can be submitted to the following address: UFranchise Sales and Marketing, 2807 Jollibee Plaza, Emerald Ave. Ortigas Center Pasig City.  For further inquiries, you may call (02)634-0586 / 634-3717 or email Mr. Roel Perez at ufranchise.tgp@gmail.com

Franchising Generics Pharmacy is not only a business venture, it allows one to partake of a socially relevant and helpful service to the Filipino people that is affordable and viable.


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