Independent pharmacy ownership

[nrd747]

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Hello, I am new to this forum, I will be graduating with the Pharm D degree in a few months and am considering buying, or starting an independent pharmacy a few months after graduation. I am very new to this whole idea, I know I have to create a business plan and I already have some cost estimates.

Question: I have heard that it is cheaper and easier to buy an existing pharmacy, but when I shop for them online, and compare that to my estimates of starting a new one from scratch, it seems more expensive. If I see a price for an existing pharmacy, is it similar to buying a house when you just put _% down and then make monthly payments? Dose that not include the space you are renting?

 

[maria1oh]

Contact someone from cardinal health. They help bankroll new pharmacies with loans/inventory.
Also maybe start off at a chain to get experience and then start your own pharmacy.

 

[Sparda29]

I'm starting to seriously consider this once I get some money together to start one. Right now I'm working full-time at an independent as the supervising pharmacists. One thing I love is how the patients know me by name already and it hasn't even been 2 months yet. They come in on my days off and are like "Where's Sparda? Oh he's off, ok I'll come back tomorrow." And no, I don't fill C2s at this pharmacy. It's in an area that's a little plagued by fake scripts, rather not deal with the headache. Now, if an established customer comes in with a script, I'll order it for them and fill it, but I'm not keeping the stuff in stock.