The Generics Pharmacy (TGP) has carved a name for itself as one of the leading pharmacy franchises in the Philippines. It has its beginnings as a humble pharmaceutical company that began in 1949. 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, The Generics Pharmacy branched out into retail, opening its very first branch. It quickly realized, though, that one was not enough. With the franchising model, The Generics Pharmacy was able to reach Filipinos in every corner of the country. In 2007, it set out with its first 20 franchises within Metro Manila.
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.
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.
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 Fee||₱ 150,000.00|
|P.O.S. (Hardware and Software)||110,000.00|
|Total Capital||₱ 674,000.00|
|Breakdown of Operating Capital:|
|5 mo. rent x ₱ 24,000.00||120,000.00|
|2 mo. Light, Water, Tel x ₱3,000.00||8,000.00|
|2 mo. 2 Pharmacists' salaries x ₱20,000.00||80,000.00|
|2 mo. 2 Assistants' salaries x ₱12,000.00||48,000.00|
|2 mo. miscellaneous x ₱4,000.00||8,000.00|
|Rent, light, water, telephone||₱ 28,000.00|
|2 Pharmacists' salaries||40,000.00|
|2 Assistants' salaries||24,000.00|
|Initial Stocks or Inventory||₱ 150,000.00|
|Break-even Sales per Month||240,000.00|
|40% Average Gross Margin||94,500.00|
|Break-even Sales per Day (30 Days)||₱ 8,000.00|
Royalty Fee: 1% of the total monthly gross sales
Advertising Fee: 1% of the total monthly gross sales
Total Franchise Fee: P300,000
"I was working in a multinational company when my friend invited me to be a franchisee of TGP. The franchise was so affordable, so I decided to invest my life-savings and follow my dreams of having my own business. It was a huge risk for me! I opened my first branch in 2008, and in less than three months I got my ROI (return on investment)."
“TGP has always been close to my heart, being one of the first franchisees way back in 2008. I believe in the Founder’s vision of providing access to quality healthcare to the Filipino masses that we serve. I left the corporate world to handle my growing TGP franchise.”
The total investment needed for a TGP franchise is around P600,000 to P800,000 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.
The Generics Pharmacy store franchise fee covers the cost of (1) providing you with the pre-opening and start-up assistance that you will need such as site evaluation, architectural and store design, and construction assistance; (2) initial pharmacy retail training for you and all of your staff; (3) regular advertising support, and; (4) business development services. This also includes the rights to use the TGP trademark, name, and logo.
As of 2021, The Generics Pharmacy has a royalty fee of 1% of the gross sales for continuing support services.
All The Generics Pharmacy retail franchises are required to pay 1% of their gross sales as advertising fee. This is to be paid on or before the 15th of the succeeding month.
The Generics Pharmacy reserves the right to increase franchising and royalty fees in the future depending on the prevailing situation.
The initial term of the franchise agreement is three (3) years, and an additional two three-year terms for a total of nine years.
At The Generics Pharmacy, it is our goal and mission to see each of our franchises succeed. Therefore we are proud to provide each one with the Total Support Package. This means that those interested in franchising The Generics Pharmacy can expect to receive a strong operation and support system so you can run your business successfully while enjoying an investment with proven economic viability.
Here are the necessary steps for those interested in opening a franchise.
Ideally, a TGP location should have a minimum space of 15 sqm. for a stand-alone or in-line unit which must be located near hospitals, medical clinics, competing drugstore chains, health food stores, public markets, supermarkets, department stores, cosmetics, and convenience stores.
Potential franchisees must meet the investment requirements and must be able to run the franchise full-time. Also, keep in mind the following:
Yes! It is time to think of BEING YOUR OWN BOSS by owning this unique, stable and very profitable franchise business!
The Generics Pharmacy is regarded as a respectable supplier of generic medicines in the Philippines. Owning a TGP franchise is beneficial because:
Now is the perfect time to grow your money while helping the everyday Juan. Get started on your TGP franchise journey today!