Start a TGP franchise in the Philippines Today
About TGP
TGP has carved a name for itself as one of the leading pharmacy franchises in the Philippines. Seeing the need for everyday Filipinos to have access to affordable yet quality medicine, the company pivoted its operations and focused on delivering generic medicines to Filipinos instead.
In 2001, TGP branched out into retail, opening its very first branch. It quickly realized, though, that one was not enough. With the franchising model, TGP was able to reach Filipinos in every corner of the country. In 2007, it set out with its first 20 franchises within Metro Manila.
Huge Market Potential
With this broad line of affordable and value-added generic medicines, TGP continues to be the leading retailer of quality cost-effective generic medicines. We offer entrepreneurs a unique, exciting high-profitable and stable investment alternative.
Huge Market Potential
Franchising has seen phenomenal growth over the years. It is a dynamic business format with a 90% success rate in the Philippines. It does well when the economy is good, and does even better during difficult economic times.
Huge Market Potential
Our franchise comes in total support package derived from a strong operational and support system which allow our franchisees to run the business successfully while enjoying an investment with proven economic viability.
Franchising Opportunity
| Franchising Fee (Initial Payout) | ₱ 150,000.00 |
| Leasehold Improvements | 150,000.00 |
| P.O.S. (Hardware and Software) | 50,000.00 |
| Operating Capital | 242,000.00 |
| Total Capital Investment | ₱ 592,000.00 |
| Breakdown of Operating Capital: | |
| 5 mos. Rent x ₱ 20,000.00 | 100,000.00 |
| 2 mos. Electricity, Water, Phone/Internet x ₱8,000.00 | 16,000.00 |
| 2 mos. 1 Pharmacist’s Salary x ₱25,000.00 | 50,000.00 |
| 2 mos. 2 Pharmacy Assistants’ salaries x ₱17,000.00 | 68,000.00 |
| 2 mso. miscellaneous x ₱4,000.00 | 8,000.00 |
| Total Operating Capital | ₱ 242,000.00 |
| Monthly Expenses | |
| Rent | ₱ 20,000.00 |
| Utilities – Electricity, Water, Phone/Internet | 8,000.00 |
| Pharmacists’ Salary | 25,000.00 |
| 2 Pharmacy Assistants’ Salaries | 34,000.00 |
| Miscellaneous | 4,000.00 |
| Total Monthly Expenses | ₱ 91,000.00 |
| Initial Stocks or Inventory | ₱ 350,000.00 |
| Break-even Sales per Month | 260,000.00 |
| 40% Average Gross Margin | 91,000.00 |
| Break-even Sales per Day (30 Days) | 8,667.00 |
Advertising Fee: 1.2% of the total monthly gross sales
Royalty Fee: 1.2% of the total monthly gross sales
*Total Franchise Fee: P300,000
Franchise Fee (Deferred Payment Scheme)
- Initial Pay-out: ₱150,000.00
- Balance of 75,000 PDC dated Year 3
- Balance of 75,000 PDC dated Year 6
*Last updated date on our ROI brochure (September 2023)
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Testimonials
How much does it cost to franchise a TGP?
The total investment needed for a TGP franchise is around P700,000 to P1.5 million per outlet (depending on your preferred size). This price includes the franchise fee and the total support system you will need to successfully run your franchise.
What Does the Franchise Fee Cover?
The franchise fee covers the cost of providing you with pre-opening and start-up assistance, initial training and other support and business development services. For a complete listing of the package, please visit the FRANCHISE PAGE at www.tgp.com.ph/franchise.
The franchise fee covers the cost of providing you with the following:
- Pre-Operations Assistance
- Extensive Community Training for the Franchisee/Pharmacist/Pharmacy Assistant
- Assistance for application of regulatory permit (License to Operate or LTO from FDA) and Store Insurance
- Aggressive Marketing and Promotions Support
- TGP Signage
- Operations Guide
Royalty and Additional Costs of Operating TGP Franchise
As of 2024, TGP has a royalty fee of 1.2% of the gross sales for continuing support services.
All stores are required to pay 1.2% of the gross sales as an advertising fee. This is paid on or before the 15th of the succeeding month.
What are the Terms of the Franchising Agreement?
The initial term of the franchise agreement is three (3) years, renewable to 2 additional 3-year terms for a total of 9 years.
How to Become a TGP Franchisee?
- Submit the following:
- Letter of intent
- Site Forms (photos and vicinity or location map of the proposed site)
- Proposed Location Sheet
Note: Forms may be requested from: www.tgp.com.ph/franchise - Resumé with recent colored 2 x 2 photo
- Copy of 2 government IDs
- We will review and evaluate your qualifications thoroughly.
- If eligible, we will extend an invitation to a business meeting to discuss specifics and conditions of the franchise before advancing your franchise application.
How Do I Start the Whole Process?
- Attend TGP Business Seminar at the scheduled date or you may access this link to join the session: https://bit.ly/TGPzoomlink
- Email us at franchise@tgp.com.ph for us to send you the meeting link or call our Franchise Acquisition Dept. at (02) 8211-1111 local 413.
- Look for location and have it approved by TGP Franchising Team.
- Register with DTI if single proprietorship and SEC for Corporation.
- Secure a lease contract from Lessor.
- Proceed with the construction of store (shelves and signage).
- Look for a licensed pharmacist.
- Complete the Food and Drug Administration (FDA) requirements and send to TGP Regulatory Team.
- Apply City Hall permits.
- Apply BIR permits.
- Apply permit for POS and/or Sales Invoice.
- Be prepared for actual training for Franchisee, Pharmacist, and Pharmacy Assistant.
Why choose a TGP Franchise?
TGP is regarded as a respectable supplier of generic medicines in the Philippines. Owning a TGP franchise is beneficial because:
- It has a huge market potential. Thanks to its dedication and commitment to providing a wide range of affordable medicine, TGP continues to be the leading retailer of quality generic medicines. Franchisees will get a highly profitable and stable investment that will surely provide huge returns.
- It has a 90% Success Rate. Franchising has proven to be a successful way to invest your money, with a 90% success rate in the Philippines. Regardless of the economic climate, it can provide franchisees with steady income.
- TGP provides a Support Package. TGP wants nothing more than for franchises to succeed which is why we provide support before, during, and after franchises have been set-up.
Now is the perfect time to grow your money while helping the everyday Juan. Get started on your TGP franchise journey today!
Franchise Loan Available thru Bank Partners
Need Business Capital? Franchise Loan also available thru our Bank Partner!
| Bank Partner | Contact Details |
|---|---|
| BPI | Joseph Orillo Landline: (02) 8580-0922 Mobile No. (0917) 116-1594 Email: jworillo@bpi.com.ph |