th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Getting a Murang Generics franchise

Do you want to own and operate a gerenic drugstore in your community? You may consider becoming a franchisee of Murang Generics. Here’s how.
By Renz Lyndon Paguio |
Getting a Murang Generics franchise

The increasing price of medicine has always been a consistent problem in the country. When Murang Generics was conceptualized in 2008, they aimed to provide the less-privileged with the most inexpensive yet high quality generic medications.

Generic drugs are medicines that use almost the same ingredients and dosage and bring about similar effects as the branded ones. Such products are much cheaper because their manufacturers don’t spend much on advertisements compared to their bigger counterparts.

Becoming a franchisee for the brand is advantageous for up-and-coming entrepreneurs as the demand for generic medications has consistently been on the rise. Additionally, franchisees will have the chance to uphold the company’s long-term mission–to help the poor and the less-privileged to attain healthcare they deserve.

Becoming a franchisee

For aspiring entrepreneurs who are considering venturing into the drug retailing industry, here’s a guide on how to get started.

1.    Set a meeting with Murang Generics franchising personnel. You may find their contact information in their online directory listing, where you can also directly make an inquiry.
2.    Prepare and submit a letter of intent to formalize your intention to buy Murang Generics franchise.
3.    Fill up a questionnaire to be provided by the company.
4.    Make a proposal about your targeted location. State why you think the site would be ideal for a Murang Generics store. The company usually conducts its own ocular inspection before providing approval.

Upon getting an approval for your franchise application, you would be asked to sign a franchise agreement. After that, construction or designing of the new store would commence.

Running and operating Murang Generics

As a new franchisee, you will have an initial term of five years to run the pharmacy. Within that time span, you have the privilege to use the company’s trademark, as well as receive assistance for site evaluation and staff training. The company commits to help resolve issues that may be encountered by the franchisee. In addition, it will also provide marketing support.  

Its franchise fee can reach P250,000--which can be considered reasonable given the increasing demand for generic medicines and the usually faster return of investment. The amount also covers pre-opening and start-up costs, as well as other business development services for the store. Murang Generics guarantees that continuous support and guidance will be provided to its franchisees.

To learn more about how to become a Murang Generics franchisee, click its online directory listing here.

ADVERTISEMENT - CONTINUE READING BELOW

Latest Articles

Close