Originally Posted by DedicationNSU11
what's an AL?
The benefit of buying a pre-existing pharmacy is that, if it is successful, your marketing is done. Limited market research is needed all of the work is done for you, it is a win win.
The benefit of starting from scratch is that you get to do things the way you want. The down-side is you wont make money for a while. If you have a ton of capital and can afford not to draw a salary for a few years, then go fo it. If you are popular in town and everyone know's you and the town can sustain the amount of business you need to stay profitable then go fo it. If there is already a small independent in town that is successful, and it is a small town, then dont even think about it. I dont think you will be able to overcome their loyalty. Depending on your costs of course, you will need to be filling aroun 100-150 scripts/day just to be in the green (and this may even be conservative). You would be pretty successful to be doing 50 daily by the end of the first year.
If you can walk into a pharmacy that is already filling 250+ you almost can't lose, especially in small town. The only downside is, that after you buy it, you need to do things the same way they have doing it to stay on top.