Question 1

How much is the total franchise investment?

Accepted Answer

Original Franchise fee is P150,000. This includes training, as well as total support system necessary to run ValueMed Generics.
 
Great News! The ZERO Franchise Promo is Back! You will SAVE P150,000 from the Original Franchise Fee. This is a Limited Slots for a Limited Time Only!

Breakdown of Initial Investment:

Zero (Limited Slots Only) -  Franchise Fee - 
P150,000 -                                 Initial Inventory of Generics Medicines and House 
                                                        Brands
P110,000-                                   POS and E-Commerce System

50% Upon Signing of Contract and 50% Before Delivery of Goods

Question 2

What does the franchise fee cover?

Accepted Answer

When you franchise ValueMed Generics it always comes in total support package derived from FDA Regulations Approved operations, Trainings and support system which allow our franchisees to run the business successfully while enjoying an investment with proven economic viability.
 
FDA Regulations Approved Operations
Nationwide Marketing Campaign & Support
Intensive Trainings
Support System
Pre-opening, start-up assistance & initial training
FDA Regulations Assistance
FDA LTO Application Assistance
Monthly In-Store Marketing
Automated System in Inventory, Ordering & Delivery
Continuing Education Seminar for Pharmacists and Assistants
Proper Designs and Set up of Pharmacy
FDA Approved Standard Operating Procedures for the Pharmacy Operations
Assistance in Evaluating Locations for the Pharmacy
Assistance in Training and Educating the Pharmacist and Assistants
Sales & Marketing Seminars
Annual Recognition, Awards and Incentives
Auto Replenish System of Inventory

Question 3

What is the term of the franchising agreement?

Accepted Answer

The initial term of the franchise agreement is three (3) years, and an additional three-year terms for a total of six years.

Question 4

What other continuing support will I receive?

Accepted Answer

As our franchisee, our representatives will provide advice and guidance, and check quality control compliance, FDA Regulatory Compliance Assistance and may be consulted on any matter you may encounter as you operate the business. Refresher trainings may also be provided as needed.

Question 5

How much is the royalty/advertising fee?

Accepted Answer

•Royalty Fee: 1% of the total monthly gross sales
•Advertising Fee: 1% of the total monthly gross sales

This is to be paid on or before the 15th of the succeeding month.

ValueMed reserves the right to increase franchising and royalty fees in the future depending on the prevailing situation.

Question 6

When do I pay the Royalty fee of sales?

Accepted Answer

Monthly royalty should be paid every 15th of the succeeding month.

Question 7

Where do we procure the pharmacy merchandise?

Accepted Answer

ValueMed Generics will provide all the medicines and related supplies to franchisee. This will be monitored via electronic system.

For a Franchisee to be profitable, 70-85% of Sales must be coming from Generics Medicines.

Question 8

What are the criteria for choosing a site or location?

Accepted Answer

The store should be visible from main roads or thoroughfares, near commercial or highly dense residential areas.

Question 9

What is the manpower requirement for a ValueMed Generics franchise outlet?

Accepted Answer

The Food and Drug Administration requires all drugstores to have a licensed pharmacist to directly supervise operations and dispense drugs. Ideal staff requirement per store would be 2 to 3 personnel including the Pharmacist / Manager and Pharmacy Assistant.

Question 10

Will I get a comprehensive operations manual?

Accepted Answer

Yes. After your Trainings and Seminar, you will receive a copy of the Confidential Operations Manual containing policies and procedures involving ValueMed Generics franchise operation. Since this is a proprietary of  ValueMed, we request the franchisee to keep it with utmost confidentiality.

Question 11

Will we be trained on ValueMed Generics system of operations?

Accepted Answer

Yes. At your store outlet, franchisees and their staff will be given 1 day training on pharmacy operations, services as well as orientation of branded and generics products. Local store marketing, sales training and POS training will provided simultaneously. Training maybe done few days or the day before the grand opening.
 
For additional training and consultation, this can be done via Virtual Meeting

Question 12

What is the space requirement of ValueMed Generics store?

Accepted Answer

Minimum store requirement of 15 sqm (FDA minimum requirement) for Standard All Generic while 20 sqm for Premium Branded- Generic format.

Question 13

How to become ValueMed Generics Franchisee?

Accepted Answer

•Submit the following:
  Filled-out Franchise Application forms
  Vicinity or location map of the proposed site
  Goverment Issued ID
  Resume with colored ID

Question 14

How do I start the whole process?

Accepted Answer

•Attend the ValueMed Generics Franchise Opportunity Seminar (Online)
•Email ValueMed Generics to Submit Complete Applications
•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.
•Signing of franchise contract and Payment
•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.
•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).
•Complete the FDA requirements and send to ValueMed Generics

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