Brgy estefania

Capitol Hills subd to sunshine valley subd

What is Generic Name?

Generic Name or Generic Terminology is the identification of drugs and

medicine by their scientifically and internationally recognized active

ingredients or by their official generic name as determined by the Bureau

of Food and Drugs of the Department of Health

+ How much is the total franchise investment?

The total investment for The Generics Pharmacy franchise is about

P600,000 to P800,000 for an outlet. This includes the franchise fee as well

as a total support system necessary to run The Generics Pharmacy.

+ 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.thegenericspharmacy.com/fbenefits.php

+ What is the term 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.

+ What other continuing support will I receive?

 As our franchisee, our representatives will provide advice and guidance,

and check quality control compliance, and may be consulted on any

matter you may encounter as you operate the business. Refresher

trainings may also be provided as needed.

+ How much is the royalty fee?

The royalty fee is 1% of gross sales for continuing support services.

+ When do I pay the Royalty fee of 1% of sales?

Monthly on every 15th of the succeeding month.

+ Will franchisor increase franchising and royalty fees in the future?

Yes, depending on prevailing situation.

+ Will we get a comprehensive operations manual?

Yes, after you sign a franchise agreement, you will receive a copy of the

Confidential Operations Manual containing policies and procedures

involved in running the business.

+ Will we be trained on The Generics Pharmacy system of operations?

Yes. At our company owned outlets, franchisees and their staff will be

given 3 days training on pharmacy operations, services as well as

orientation of generics products and customer service. Training is done 15

days before grand opening.

+ What if the space is less than 15 sqm?

 It will not be approved by FDA.

+ Will I have exclusive territory?

You will not receive an exclusive territory. However, The Generics

Franchising Corporation will see to it that each site will service the

population to the fullest to make the business viable.

+ What are the opening hours?

Each franchisee will decide dependent on the market demands.

+ When do I return unsaleable stocks?

Within 90 days from the date of purchase.

+ When should I pay for the initial stocks delivered?

When it is sold, then you will order, the company will deliver additional

stocks also on consignment. The franchisee will pay the oldest account

first per invoice.

+ How to become The Generics Pharmacy Franchisee?

a) Submit the following:

Letter of intent

Vicinity or location map of the proposed site

Filled-out Franchise Prequalification Form

www.thegenericspharmacy.com/frform.php

Resume with colored ID

 b) We will review and evaluate your qualifications thoroughly.

c) If qualified, we will invite you to a business meeting to discuss the

details and terms of the franchise prior to signing the franchise agreement.

+ How do I start the whole process?

a. Attend The Generics Pharmacy Business Seminar at the scheduled

date.

b. Call Mr. Miguel Antonio Lindo at 821-1111 local 411 to register.

c. Look for location and have it approved by The Generics Pharmacy

Franchising Corporation.

d. Register with DTI if single proprietorship and SEC for Corporation.

e. Get a lease contract from landlord.

f. Proceed with the renovation (shelves and signage)

g. Look for a licensed pharmacist.

h. Complete the FDA requirements and send to TheGenerics Pharmacy.

i. Apply City Hall permits.

j. Apply BIR permits.

k. Apply permit for POS and/or Sales Invoice & O.R.

l. Be prepared for actual training (franchisee, pharmacist, and assistant)