Theoretically is this a viable back-up to pharmacy?

[Hello99]

If a new graduate

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[awval999]

If you have millions... Why even work to begin with. Why invest that much money into one illiquid asset when you could diversify into stocks, bonds, real estate, gold, etc.

 

[Hello99]

It seems tough

 

[Hello99]

Oh, and you'd get a higher return investing a million in a business and employing yourself then taking risks especially when you don't have a stable job to begin with.

 

[ChalupaBatman86]

You have one million or two. You're not really sure. Haven't balanced the checkbook yet this week?

 

[Hello99]

I'm just trying to get the juices flowing and get creative for people who have a serious passion for pharmacy but are fearful of the job market

 

[PharmtoCS]

It's pretty hard to get a loan for a business when you have $200k+ in student loans. With the way PBM reimbursements are going, independents will continue to close or be absorbed by the chains.

 

[Hello99]

Yeah that's true. I see a lot of chains are starting to take over other chains as well. It's an insane industry.

 

[ExpressMaiL]

You may not need millions in disposable assets if you take out a small business loan. The only way the bank or union will give you money like that is based on certain conditions being met. Most importantly, the business would have to be profitable (at least 3 years of books) and being that you may not have proper collateral for the loan, the business itself will be the collateral. It's unlikely you'll be able to buy an existing pharmacy unless it's a private sale and it isn't listed publicly. Big chain will pay way over earnings (prob 5x) to procure the patients/niche/market/location/etc. You may have to buy the property too if it's already owned and that can be pricey. Good luck.