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)