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Pharmacy Business Plan

3 March 2023 Businnes Plan


Pharmacy Business Plan


Opportunity

Problem

People must be able purchase prescriptions at a lower price. This is possible because we carefully manage our efficiency. We can target one segment of our market: customers who pay their own prescription medications. They are poor, sick and deserve the same treatment as those with full-cost prescriptions.

Solution

The Discount Pharmacy’s mission it to offer the best prices possible for prescription medications is our goal. Our services and convenience will surpass the expectations of customers.

Market

Two types of customers are the target market for Discount Pharmacy: local customers, walk-ins and mail order customers.

Competition

There are many forms of competition in the pharmacy industry. They include chain pharmacies (located), mail-in pharmacies, and canadian pharmacies.

Why Us?

Our Discount Pharmacy’s offer superior pricing. We must keep our low cost status by ensuring that operating costs are low and maximizing efficiency.

Expectations

Forecast

The only pharmacist will be needed and the pharmacy techs will fill in the gaps. This will reduce costs. We expect to be profitable in the third year. By year three, we will have significant sales.

Financial Highlights per Year

Financing Needed

We will need $115,000 for the start. At the end 4 years we will be able repay the investment.


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