Your ownership advisor can help you get started with your specific plans to buy or start an independent pharmacy.
Business plan essentials
- Mission statement
- Executive overview
- Ownership structure (sole proprietorship, partnership, etc.)
- Financial plans and projections
- Real estate: purchase, lease, build, tenant improvements, and so on
- Financing details
- Cash flow projections
- Pharmacy systems
- Automation
- Initial inventory
- Décor
- Management/staffing
- Competitive analysis/SWOT (strengths, weaknesses, opportunities and threats)
- Demographic analysis
- Anticipated competitive advantage: what will differentiate you from the competition?
- Pharmacy offerings, such as diabetic management/counseling, home healthcare, compounding, DME, nutraceuticals, and others
- Medication synchronization and disease state management
- Front-end offerings such as cards, gifts, general merchandise and so on
- Contingency plans
- Marketing plan
- Future plans/exit strategy (if applicable)