SouthEast Drug was first established in 2007 in Santiago, Isabela by a licensed Pharmacist and a marketing professional. Together they started a small drugstore to serve a few numbers if basic and fast-moving generic and branded medicines due to small capital they have in their hands. With the strong will power and perseverance to success, they continue to live to its mission on fulfilling its social responsibility by providing employment to deserving people, contributing to the growth of the economy and serving high quality and affordable medicines.
After six months of the same year, an outlet in Poblacion, Muntinlupa City was opened with a new business name, “Botica ni Nanay Juling”, named after one of the founder’s mother, with “kalinga ng tunay na ina.” as its caption that captivates the heart of its customers. Moreover, the drug retail business continues to widen its market and so as Southeast Pharmaceuticals, a medicines and supplies distribution outlet located in the prime area of Alabang, Muntinlupa City was built to level-up the services and help small drugstore starters within the metro and its nearby provinces. Todate, they are one of the leading distributors supplying all over Metro Manila, CALABARZON, Sorsogon and Luzon.
As years pass by, the founders uses their wide network in pharmaceutical business, experiences in the industry and knowledge in doing the business by venturing into franchising. After five months of development, the first and the prototype of the franchise was launched in August 2013 as Southeast Drug, located at Soldiers Hill Village, Muntinlupa City, catering all class/levels of consumers with quality generic medicines, affordable branded medicines and general merchandise.
With the company achievement on its business endeavor, and the strategy to engage into franchising, the founder franchisor does believe that doing so is the best way to rapidly expand the business and to fulfill our commitment to bring quality and affordable medicines ti the people.
How to franchise SouthEast Drug:
Initial Fee: Php200,000.00
Inclusive of:
- Tradename and Proprietary Marks
- Site Approval
- Training for Franchisee Pharmacist and Sales Staff
- Opening Assistance
- Operations Manual on Loan
- Research and Development
Initial Term: Five (5) years
Renewal Term: Five (5) years
Renewal Fee: 25% of the initial charge Franchise Fee
Total Capital Requirement: Php1.9 Million
Continuation Fee: Php3,000.00 per month
Minimum Required Space: 15 square meters
Contact Details of SouthEast Drug:
2nd Floor, Bay 6, AFPMBAI Commercial Arcade,
Soldiers Hill Village, Roman Cruz Ave.,
Brgy. Pututan, Muntinlupa City, Philippines
Phone: (02) 8912-2946 / 8912-2973
Email: [email protected]
or
RK FRANCHISE CONSULTANCY, INC.
G/F Minnesota Mansion, 267 Ermin Garcia St.,
Cubao, Quezon City, Philippines
Tel Nos.: (02) 8912-2946 / 8912-2973
Mobile Nos.: (Globe) 0917.874.3620 / (Sun) 0933.864.2552
Email: [email protected]
Basics of Franchising SouthEast Drug Pharmacy
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from SouthEast Drug 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 SouthEast Drug Pharmacy is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising SouthEast Drug 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.
SouthEast Drug Pharmacy is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like SouthEast Drug 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 SouthEast Drug 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 SouthEast Drug 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 SouthEast Drug 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 SouthEast Drug 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 SouthEast Drug Pharmacy.
4 Check if SouthEast Drug 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 SouthEast Drug Pharmacy franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful SouthEast Drug 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 SouthEast Drug Pharmacy franchisee.