ST. FRANCIS GENERIC DRUG, another outstanding business concept from St. Francis Group of Companies –known as one of the top real estate and high-rise building developers in the country for more than 30 years. It gained its prominence when it ventured into retail in the year 2005 by putting up St. Francis Square Mall in the heart of Ortigas.
A year after its success in retailing, St. Francis Group of Companies has established within the St. Francis Square Mall a drugstore and a convenience store-in-one format—the ST. FRANCIS GENERIC DRUG. “Tamang Gamot sa Presyong Abot,” is its corporate philosophy that defines the core and purpose of its business —extending better access to medicines and medical/health-related services to more people.
At ST. FRANCIS GENERIC DRUG, they offer quality products at competitive and affordable prices. All generic medicines are FDA-registered products and they guarantee that their generic medicines contain the same active ingredients as their branded counterparts. They also bring health care services that extend “convenience” to its customers. From discounts to health services such as the FREE DOCTORS CLINIC and medical missions.
After several years of operational success, it opens its doors to franchising. With the corporate mission to bring affordable merchandise to Filipinos, the St. Francis Group of Companies now offers a more affordable and convenient access to generic medicines.
How to franchise St. Francis Generic Drug:
Total Capital Investment: Php600,000.00
- Franchise Fee: Php130,000.00
Franchise Package Inclusions:
- The right to use St. Francis Generic Drug’s trademark, name and logo
- Site evaluation
- Start-up assistance for legal requirements
- Assistance in hiring pharmacists
- Store design and construction assistance
- Franchise Operations Manual
- Pharmacist Training – pharmacy retailing and customer service
- Pharmacy Aid Training – education on generics
- Owners Training – management and operations
- POS System for sales and inventory
- Advertising support and promotional materials
- Regular monitoring of your outlet
- On-going business consulting and guidance
- Personal alerts on new products, services and promotions
- No Royalty Fee
Ideal Locations:
- High foot traffic, either residential or business community
- Beside leading drugstores
- Near hospitals/clinics or supermarkets/ public market
- Inside malls
Space Requirement: at least 15 sqm. floor area
Franchise Term: 5 years, renewable for 2 additional terms of 5 years each, for a total term of 15 years.
Steps to become a ST. FRANCIS GENERIC DRUG Franchisee:
There are 5 easy steps to become a St. Francis Generic Drug franchisee
STEP 1 : Submit the following requirements:
- Completely filled-up Pre-qualification Form
- Resume with latest colored 2×2 ID photo (2 pcs.)
- Letter of Intent
- Accurate Vicinity Map
- Set Interview Schedule upon completion of requirements
STEP 2 : Sign the Franchise Agreement
STEP 3 : Pass the training program
STEP 4 : Comply with all regulatory requirements and complete construction of store
STEP 5 : Congratulations! Grand opening of your St. Francis Generic Drug outlet!
Contact Details of St. Francis Generic Drug:
Ground Floor and Basement
St. Francis Square Mall
Julia Vargas Cor. Bank Drive, Ortigas Center,
Mandaluyong City, Philippines
Phone: (02) 8632-1010 Local 216
Fax: (632) 8637-4430 / 8637-5474
Mobile: 0922-810-4592
Email: [email protected] / [email protected]
Website: www.stfrancisgenerics.net
Facebook Page (This link will open on a new window)
Basics of Franchising St. Francis Generic Drug Store
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from St. Francis Generic Drug Store, 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 St. Francis Generic Drug Store is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising St. Francis Generic Drug Store 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.
St. Francis Generic Drug Store is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like St. Francis Generic Drug Store 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 St. Francis Generic Drug Store, 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 St. Francis Generic Drug Store 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 St. Francis Generic Drug Store
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 St. Francis Generic Drug Store 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 St. Francis Generic Drug Store.
4 Check if St. Francis Generic Drug Store 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 St. Francis Generic Drug Store franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful St. Francis Generic Drug Store 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 St. Francis Generic Drug Store franchisee.