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Pharmacy Business Plan

3 March 2023 Businnes Plan


Pharmacy Business Plan


Opportunity

Problem

People should be able buy prescriptions at lower prices. We achieve this by carefully managing our processes to maintain efficiency. We can target one segment of our market: customers who pay their own prescription medications. They are poor and sick. They deserve the same healthcare as those who have full-price prescriptions.

Solution

The Discount Pharmacy’s goal is to provide the best prices for prescription medication. Our convenience and services will exceed the expectations of our customers.

Market

The target market of Discount Pharmacy includes two types of people: local customers (walk-ins) and mail order customers.

Competition

There are many forms of competition in the pharmacy industry. These are: chain pharmacies; local pharmacies; mail-in pharmacies; canadian pharmacies.

Why Us?

We have superior pricing at Discount Pharmacy. This is because we are the lowest cost provider and must ensure that our operating costs are kept low by using efficiencies.

Expectations

Forecast

By having one pharmacist, costs will be reduced and the gap filled with pharmaceutical techs. We anticipate being profitable by our third year. In addition, we will have substantial sales by the third year.

Financial Highlights by Year

Financing Needed

We will need $115,000 in order to get started. However, we can pay it back at the 4 year mark.


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