K2 Pharmacy opened its first store at Quezon City on August 8, 1998. K2 Pharmacy traces its humble beginnings to the efforts of its founder, who as a former medical representative discovered her own gold mine in the pharmaceutical trade by acquiring under performing drugstores and turning these around into vibrant and highly profitable businesses.
K2 Pharmacy outlets are strategically located near high-bed capacity hospitals and medical institutions. It is now positioning itself to be the leading drugstore in the country by carving its own niche in this sector.
K2 Pharmacy offers products at prices that are more competitive than the leading drugstores. Pursuing its thrust of being known as the ‘botica ng masa’. They offers quality and affordable generic and branded pharmaceutical products. In addition, its choices of medical supplies and general merchandise cater to the needs of budget-conscious customers.
- Branded and generic ampulses/vials
- Dextrose
- Galenicals
- Branded drugs in tablets, capsules, powder or syrup form
- Generic drugs in tablets, capsules, powder or syrup form
- Medical supplies
- Cosmetics and other personal necessities
- Milk and other general merchandise
K2 Pharmacy is geared toward expansion by opening more company owned and franchise outlets.
K2 Pharmacy goes a step further and now offers interested entrepreneurs an opportunity to own a business with good potentials, relevant social mission and promising returns through franchising.
How to franchise K2 Pharmacy:
Franchise Fee: Call
K2 Pharmacy Franchise Package Includes:
- Right to use the K2 Pharmacy trademark and logo
- K2 Drug’s reputable brand and image advantage
- Site selection and evaluation assistance
- Outlet design and layout
- Comprehensive franchise operations manual
- Management and staff training
- Local marketing and promotional assistance
- Pre-opening and start-up assistance
- Grand opening assistance
- Bulk pricing privilege and access to wide array of quality generic and branded drugs, medical supplies and consumer goods
- Continuing guidance, visits and business evaluation support
- Set up of inventory, sales and customer management system
Royalty Fee: 4% of gross sales
Contact Details of K2 Pharmacy:
K2 FRANCHISE PHILIPPINES CORP.
Unit 9 Emerald Commercial Center, J. P. Rizal,
Project 4, Quezon City, Philippines
Telefax: (632) 8708-5299 / 8294-0595
Email: [email protected]
Website: www.k2pharmacy.ph (This link will open on a new window)
Facebook Page (This link will open on a new window)
Basics of Franchising K2 Pharmacy
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from K2 Pharmacy, 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 K2 Pharmacy is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising K2 Pharmacy 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.
K2 Pharmacy is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like K2 Pharmacy 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 K2 Pharmacy, 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 K2 Pharmacy 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 K2 Pharmacy
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 K2 Pharmacy 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 K2 Pharmacy.
4 Check if K2 Pharmacy 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 K2 Pharmacy franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful K2 Pharmacy 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 K2 Pharmacy franchisee.