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Franchising opportunities in the lucrative generic drugs sector

Are you considering operating your own generic-drug store? Getting a franchise of any of these two brands could be your best option.
By Angelica Louise G. Dantes |
Franchising opportunities in the lucrative generic drugs sector

Filipinos over the years have become more and more conscious of how and where they spend their money. The cheaper option to anything, from gadgets to clothes, will always have the advantage of it being more affordable. This dawn of the more financially conscious Filipino also gave way to the rise in popularity of generic medicine brands.

As of now, there is a growing number of generic pharmacies opening up for franchise. Here are two generic drug stores that have been offering opportunities to local entrepreneurs through franchising.  

 

Murang Generics

Murang Generics opened its first store in Makati in 2009 and rolled out branches in Cubao, Tondo, and Camarines Sur within the same year. The brand promises its customers that its products will always be effective, of good quality, and affordable. Murang Generics started offering franchising opportunities in 2014 and is now looking for potential franchisees to further expand its brand’s reach to more provinces and barangays.

Murang Generics offers a 5 year franchise for a franchise fee of P250,000 with a capital requirement of P650,000 – P850,000. Royalties are 1% of gross sales and the store would require at least 15 sqm in land area.

The franchise includes:

- Use of trademark
- Site evaluation and approval
- Training for franchises and staff
- Start up and pre-opening assistance
- Research and development
- Marketing start-up kit
- Franchise operating manual

Click here to go to the online directory listing of Murang Generics.


Gamot Publiko

Gamot Publiko Corp. has been around since 2009, promoting quality and affordable generic medicines to the Filipino public. At the moment, the business has more than 50 branches nationwide, true to their commitment in bringing affordable medicine, healthcare products, and services to local consumers in all corners nationwide. As part of its corporate social responsibility, it is also a supporter of organizations that hold regular medical missions to provide medicine and medical care to those in need.  Gamot Publiko is a member of the Philippine Franchise Association (PFA).

The franchise package from Gamot Publiko includes:

-    Use of trademark, name, and logo
-    Site evaluation assistance
-    Store Planning
-    Design and Construction assistance
-    Training on business management and store operations
-    Start-up and full opening assistance
-    Guidance and education on generic medicines
-    Advertising and marketing support
-    Ongoing business consulting and continuous guidance
-    Seminars
-    Initial inventory

Check out the online directory listing of Gamot Publiko.

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