Author Topic: The Generic Pharmacy Franchise (Read 63227 times)

todjikid · « **on:** Dec 03, 2007, 12:29 AM »

I read the about this franchise on the Inquirer. I plan to get one. What do you think about franchising a pharmacy/drugstore?

The initial investment might reach 500,000 but I am willing to take the leap.

What do you think? Any advise out there?

Dont worry about the location. I have one already except that around two blocks away is Mercury Drug. But, If id be selling purely generic products, I would have a competitive edge. My only fear is the senior citizen law. You have a 5-7% margin but but if the oldies buy at 20% off, where will I be? Naisip ko, sabihin ko na lang, wala na...hehehe...

franchise fee is 110,000 ata. but the capitalization requires 500,000 to cover the rent and other bills.

Should I? Thanks!

richpulubi · « **Reply #1 on:** Dec 03, 2007, 07:20 AM »

Are there existing franchises already? If so, how are they doing? Pharmaceuticals is really a good business, but here in the Phil., much is dependent on the prescriptions of doctors. Does the franchiser have a plan for marketting?

todjikid · « **Reply #2 on:** Dec 03, 2007, 09:39 AM »

yep, there 37 branches and according to the feature there's 90% success rate...so... not bad...according to the they'd assist you in all marketing issues as they get 1% of the gross sales once you hit the 150,000 sales per month mark.

nailbiter · « **Reply #3 on:** Dec 03, 2007, 09:41 AM »

Article ba siya o advertorial? Is it published online?

glacier · « **Reply #4 on:** Dec 04, 2007, 03:36 PM »

Quote from: todjikid on Dec 03, 2007, 12:29 AM

My only fear is the senior citizen law. You have a 5-7% margin but but if the oldies buy at 20% off, where will I be? Naisip ko, sabihin ko na lang, wala na...hehehe...

hindi ba dapat i-re-reimburse ka ng government for this? kasi essentially, this is a state benefit for senior citizens. private business shouldn't be affected. can anyone comment/confirm?

that aside, hmm... mukhang ok din ang generic pharmacy ah. would it be possible to send me details? thanks!

edit: nevermind! found the website on my own. galing talaga ng google!

gr8collector · « **Reply #5 on:** Dec 04, 2007, 04:02 PM »

todjikid · « **Reply #6 on:** Dec 10, 2007, 04:03 PM »

kamusta, ano nangyari sa franchise nyo?

gr8collector · « **Reply #7 on:** Dec 10, 2007, 07:45 PM »

hi todjikid. Ive sent over a couple of locations for them to look into. Seems like a promising venture to get into but you'll really need to know where the medicine is coming from because we are dealing with peoples lives here.

gr8collector · « **Reply #8 on:** Jan 12, 2008, 12:31 AM »

anyone else looking seriously into this??

JohnnyS · « **Reply #9 on:** Jan 16, 2008, 01:47 AM »

I am interested also in this. People, please post any info on this business. I think the drug prices in Philippines is absolutely rediculous. Do you know that its 3 to 10 times more than neighboring countries like Thailand and Vietnam?
Not acceptable. Generics would help the poor in Philippines, most definitely. I saw this I think in Living Asia channel headed by a senator. The objective is good, and if one can make a profit that is more than 5 year DYM product, why not?!

gr8collector · « **Reply #10 on:** Jan 24, 2008, 03:22 PM »

i did get a franchise and i expect the store to open within 6 weeks (i hope). all meds have bfad approval and have passed international standards.
ill post updates here.