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Pharmacy Business Plan

3 March 2023 Businnes Plan


Pharmacy Business Plan


Opportunity

Problem

People need to be able to buy prescriptions at reduced prices. We make that possible by carefully maintaining efficiencies in our operations. We can target customers who are able to pay for their prescription medication themselves so that we can reach a particular segment of the market. They are sick and poor. They should be treated the same as those who are able to afford full-priced prescriptions.

Solution

Our mission at Discount Pharmacy is to offer our customers the lowest prices on prescription medication. We will exceed your expectations with our convenience and services.

Market

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

Competition

The pharmacy industry is subject to a variety of forms of competition. These are chain pharmacies as well as local pharmacies.

Why Us?

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

Expectations

Forecast

Costs will be minimized by maintaining only one pharmacist and filling the void with pharmaceutical techs. We anticipate reaching profitability in our third year, and will be able to generate significant sales by the end of year three.

Financial Highlights by Year

You will need financing

We will require $115,000 to begin, but we will be in a position to repay the investment at the end.


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