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

Offline todjikid

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The Generic Pharmacy Franchise
« 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!

« Last Edit: Dec 03, 2007, 09:52 AM by nailbiter »

Offline richpulubi

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Re: I read THE GENERIC PHARMACY on INQUIRER
« 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?

Offline todjikid

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Re: I read THE GENERIC PHARMACY on INQUIRER
« 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.

Offline nailbiter

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Re: I read THE GENERIC PHARMACY on INQUIRER
« Reply #3 on: Dec 03, 2007, 09:41 AM »
Article ba siya o advertorial? Is it published online?
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Offline glacier

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Re: The Generic Pharmacy Franchise
« Reply #4 on: Dec 04, 2007, 03:36 PM »

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!  :D
« Last Edit: Dec 04, 2007, 04:38 PM by glacier »

Offline gr8collector

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Re: The Generic Pharmacy Franchise
« Reply #5 on: Dec 04, 2007, 04:02 PM »
Guadalupe Market  - Commercial / Office spaces for lease

Offline todjikid

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Re: The Generic Pharmacy Franchise
« Reply #6 on: Dec 10, 2007, 04:03 PM »
kamusta, ano nangyari sa franchise nyo?

Offline gr8collector

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Re: The Generic Pharmacy Franchise
« 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.
Guadalupe Market  - Commercial / Office spaces for lease

Offline gr8collector

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Re: The Generic Pharmacy Franchise
« Reply #8 on: Jan 12, 2008, 12:31 AM »
anyone else looking seriously into this??
Guadalupe Market  - Commercial / Office spaces for lease

Offline JohnnyS

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Re: The Generic Pharmacy Franchise
« 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?!

Offline gr8collector

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Re: The Generic Pharmacy Franchise
« 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.
Guadalupe Market  - Commercial / Office spaces for lease

Offline greenh99

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Re: The Generic Pharmacy Franchise
« Reply #11 on: Jan 24, 2008, 05:31 PM »
gr8collector:  would it be possible to give us a cost range of your expenses so far to put this up?   :thankyou:

Offline the_walrus

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Re: The Generic Pharmacy Franchise
« Reply #12 on: Jan 25, 2008, 12:10 PM »
« Last Edit: Mar 11, 2008, 07:39 AM by the_walrus »

Offline gr8collector

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Re: The Generic Pharmacy Franchise
« Reply #13 on: Jan 31, 2008, 06:17 AM »
going back to the topic, anyone else here open up a generic pharmacy franchise?
Guadalupe Market  - Commercial / Office spaces for lease

Offline CondoInvestor

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Re: The Generic Pharmacy Franchise
« Reply #14 on: Mar 17, 2008, 05:17 AM »
san ba may malapit na generic pharmacy? gusto ko makita itsura ng store set-up

 

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