I want to own independent pharmacy, but i have some really specific questions. Please give you inputs. Someone who has recently purchased an independent pharmacy should be able to help a lot in this.
1) Why should a customer go to an independent pharmacy versus going to a chain?
2) How much dollar investment (or % Investment) is required to buy an existing retail pharmacy?
3) How much does an independent pharmacist (business owner) make? Working in retail pays you around 110~120K depending on area. Is it possible to double or triple the income (off course with extra work and liabilities)
4) Do chains buy at cheaper costs and sell at cheaper costs?
5) Can independents compete the chains cost wise?
6) How do the chains outplay the in dependants?
1) Are chains selling drugs at cheaper cost? Lowering their margin?
2) Are chains taking on loss to increase and gaining geographical coverage area?
pharmacy
1) Why should a customer go to an independent pharmacy versus going to a chain?
2) How much dollar investment (or % Investment) is required to buy an existing retail pharmacy?
3) How much does an independent pharmacist (business owner) make? Working in retail pays you around 110~120K depending on area. Is it possible to double or triple the income (off course with extra work and liabilities)
4) Do chains buy at cheaper costs and sell at cheaper costs?
5) Can independents compete the chains cost wise?
6) How do the chains outplay the in dependants?
1) Are chains selling drugs at cheaper cost? Lowering their margin?
2) Are chains taking on loss to increase and gaining geographical coverage area?
pharmacy