THE GENERICS PHARMACY | Philippine Franchise

To apply for a The Generics Pharmacy franchise, you can start by attending a TGP Business Seminar or joining a Zoom session. You can also email franchise@tgp.com.ph for a meeting link or call the Franchise Acquisition Department at (02) 8211-1111 local 413. The next step is to find a suitable location and have it approved by the TGP Franchising Team.

Here's a more detailed breakdown of the application process:

Attend a TGP Business Seminar: This is the first step to get acquainted with the franchise and its requirements. You can attend the seminar in person or join the Zoom session through the provided link https://bit.ly/TGPzoomlink. Contact the Franchise Acquisition Department: You can email franchise@tgp.com.ph or call (02) 8211-1111 local 413 to discuss your interest and receive a meeting link. Find a Suitable Location: The location must be approved by the TGP Franchising Team. Register with DTI or SEC: If you are a single proprietorship, you need to register with the Department of Trade and Industry (DTI). If you are a corporation, register with the Securities and Exchange Commission (SEC). Secure a Lease Contract: Get a lease contract from the property owner. Prepare for Store Construction: This includes building the store, installing shelves, and signage. Find a Licensed Pharmacist: You'll need a licensed pharmacist to manage the store. Complete FDA Requirements: Prepare and submit all necessary documents to the Food and Drug Administration (FDA). Apply for City Hall and BIR Permits: Get the necessary permits from City Hall and the Bureau of Internal Revenue (BIR). Apply for POS and Sales Invoice Permits: Obtain the required permits for point-of-sale (POS) systems and sales invoices. Be Prepared for Training: You, the pharmacist, and pharmacy assistants will need to undergo training.

Franchising a Generics Pharmacy, like The Generics Pharmacy (TGP), typically involves a franchise fee ranging from P300,000 to P300,000 plus an initial investment of around P700,000 to P1.5 million for an outlet. This includes the franchise fee, start-up costs, and ongoing support services.

Franchising TGP:

Franchise Fee: P300,000 Total Investment: P700,000 - P1.5 million Support: Includes pre-opening and start-up assistance, initial training, and business development services. Location: Requires a minimum of 15 sqm. Formats: Inline stores and mall locations.

Factors Affecting Cost:

Location: Costs can vary depending on the location, with more prime locations potentially requiring higher renovations.  Store Size: Larger stores will naturally have higher investment costs.  Renovation: Renovation costs will vary based on the condition of the space and the desired level of customization.  Equipment: Essential equipment like air conditioning, CCTV, and vault will add to the initial investment.