Farmacia ni Dok is a convenient and friendly store set-up offering generics, branded and natural medicines, as well as personal care products, complemented by trustworthy customer service. Farmacia ni Dok is committed to providing Filipinos quality and value-for-money products to ensure good health, happy homes and secure futures.
Vision
To be the Philippines’ LEADING DRUG STORE who serves the highest quality of branded, generic, and FMCG that sustains the health of every FILIPINO FAMILY.
Mission
FNDI fulfills the dream of every Filipino aspiring to become not only entrepreneurs but valuable contributors to their community by providing its franchisees frantrepreneurial support, distribution of quality pharmaceutical products, and an up to date adherence to regulatory standards.
Believing that every Filipino deserves quality of life, Farmacia Ni Dok pledges the accessibility of its wide array of products in every FND store that are quality yet affordable.
Committing to its stakeholders profit, market leadership and growth, while instilling the value of integrity in every business transaction. FND takes the responsibility of enriching the lives of the employees with an opportunity to attain their personal growth.
How to franchise Farmacia ni Dok:
Total Franchise Investment: Php349,000.00
This includes the following:
- Franchise fee
- Complete set-up of Point of Sales system
- Uniform
- Promotional giveaways,
- Training
- Total support system
Franchise Term: Five (5) years, renewable to 2 additional 5-year terms for a total of 15 years.
Royalty Fee: Fixed for Standard All Generic at Php2,500 and Premium Branded- Generic at Php3,000 for continuing support services.
Space Requirement: Minimum store requirement of 15 sqm (FDA minimum requirement) for Standard All Generic while 20 sqm for Premium Branded- Generic format.
Steps to own a Farmacia ni Dok Franchise
- Attend the Farmacia Ni Dok Franchise Opportunity Seminar every Monday – Wednesday – Friday at 10:am at Farmacia Ni Dok Inc Head Office at #970 E. Rodriguez Sr. Ave, Brgy. Mariana, New manila, Quezon City 1112.
- Call Farmacia Ni Dok Inc at 234-2623 to register.
- Choose package, submit application and payment.
- Then signing of franchise contract.
- Look for location and have it approved by Farmacia Ni Dok franchise department.
- Register with DTI if single proprietorship and SEC for Corporation. Get a lease contract from landlord.
- Proceed with the renovation (shelves and signage).
- Look for a licensed pharmacist.
- Complete the FDA requirements and send to Farmacia Ni Dok Inc.
- Apply business permits.
- Apply BIR permits.
- Apply permit for POS and/or Sales Invoice & O.R.
- Be prepared for actual training (franchisee, pharmacist, and assistant).
We will review and evaluate your qualifications thoroughly. 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.
Contact Details of Farmacia ni Dok:
Farmacia Ni Dok Inc. (Head Office)
#970 E. Rodriguez Sr. Avenue, Brgy. Mariana
New Manila, Quezon City, Philippines
Mobile: (0917)542-9570 / (0915)780-1397
Tel: (02) 234-5361 / (02) 234-2623 / (02) 696-0337 / (02) 532-0018
Email: [email protected]
Facebook Page: www.facebook.com/farmacianidokinc
Website: http://www.farmacianidok.com (This link will open on a new window)
Basics of Franchising Farmacia ni Dok
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Farmacia ni Dok, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising Farmacia ni Dok is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Farmacia ni Dok offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
Farmacia ni Dok is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Farmacia ni Dok due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by Farmacia ni Dok, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of Farmacia ni Dok also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising Farmacia ni Dok
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with Farmacia ni Dok franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising Farmacia ni Dok.
4 Check if Farmacia ni Dok franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful Farmacia ni Dok franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Farmacia ni Dok franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful Farmacia ni Dok franchisee.