Franchise
Opportunity

How to Franchise:

a. Submit the following, necessary details:

i. Letter of intent
ii. Vicinity or location map of proposed site
iii. Application form (confidential questionnaire after pre-approval)

a. Submit the following, necessary details:

i. Letter of intent
ii. Vicinity or location map of proposed site
iii. Application form (confidential questionnaire after pre-approval)

b. Interview

A meeting will be set to review your application and evaluate your qualifications.

c. Approval

After application and location is approved, signing of the Franchise Agreement will take place.

d. Training and Renovation

Training of employees and franchisee will take place during the renovation of the facility. Acquiring of the required permits will take place.

e. Opening

After the successful training of each personnel, acquisition of permits and inspection of the fully renovated and furnished facility, Franchisee will be given the approval for the opening.

Frequently Asked Questions:

1How much is the Franchise fee?
Franchise fee is P230,000 this is inclusive of trade name and proprietary marks, site approval, training of franchisee, pharmacist, sales staff, opening assistance, and the Rika drugstore operation manual.
2How much is the investment cost?
Investment cost will range P800,000 to P1M inclusive of franchise fee, depending on size and location of the franchise facility.
3What are the qualifications of the potential Franchisee?

Potential franchisee must meet the investment requirements and must be able to run the franchise facility full-time.

Franchisee must also be responsible for the following, under the guidance of the franchisor:

a. Securing of government permits and required permits.
b. Hiring of staff, licensed pharmacist and pharmacist assistant.
c. Purchasing of equipment and furniture and fixtures.
d. Hiring of store renovation contractor and renovation of franchise facility.

4What are the terms of the Franchise Agreement?
The initial term of the Franchise Agreement is 5 years.