The Generics Pharmacy: A Can-Afford Pharmacy Franchise in the Philippines

The Generics Pharmacy (TGP) is a household name in the Philippines. By providing first-rate and cost-effective generic medicines, it has developed into one of the country’s premier drugstore chains. The company’s franchising system is centered on social responsibility to consumers and business profitability to franchisees.

TGP was established in 2001 with a single branch. However, the company soon realized that it needed to expand its reach to provide affordable medicine to Filipinos nationwide. In 2007, TGP transitioned into a franchising model and has since experienced immense growth to over 2,000 branches across the country.

The company’s success can be attributed to its business model that offers affordable franchise packages, a profitable business, a system that is easy to learn and operate, and a socially relevant business that helps provide affordable medicine to Filipino families nationwide. Additionally, TGP is one of the most recognized generic pharmacy brands in the country.

To find the right TGP location, franchisees should consider high foot traffic areas located within major trading areas, near major establishments and competing drugstores, and inside supermarkets, malls, and shopping centers. Moreover, franchisees should ensure that their TGP franchise outlet is more than 1km away from other TGP franchise outlets.

The franchise fee for TGP is PHP300,000, and the minimum size required is 15 square meters. The total investment for TGP is only PHP674,000.

TGP touts a 90% success rate in the Philippines and offers entrepreneurs a unique and exciting investment opportunity that is highly profitable and stable. The company provides its franchisees with a total support package derived from a strong operational support system, which allows them to run the business successfully.

TGP’s franchise system has made it possible for Filipinos nationwide to access quality and affordable generic medicines. With its proven success, TGP is an excellent investment opportunity for entrepreneurs looking to start a profitable and socially responsible business. (GFB)