Hello All,
I wanted to ask all current independent pharmacy owners some questions regarding the business.
1) How much capital is needed to start-up a independent pharmacy? Is it better to buy a running pharmacy?
2) What is the avg. gross profit (not including rph salary) for a independent pharmacy based on yearly revenue.(for example if the yearly revenue was 1 million)
3)If I decided to go into business with someone, how many partners should I consider in order to still make a profit? (what is the max partners I should consider)
4) What percentage of partnership is fair if lets say you have 3 partners and you would be the only one working at the pharmacy or if there are just 2 partners? (I am trying to figure out what percentage should the working partner have in the business and what percentage should the non-working partners have. I know that if everyone is putting in the same amt of work, than everyone should have equal amt of partnership)
I wanted to ask all current independent pharmacy owners some questions regarding the business.
1) How much capital is needed to start-up a independent pharmacy? Is it better to buy a running pharmacy?
2) What is the avg. gross profit (not including rph salary) for a independent pharmacy based on yearly revenue.(for example if the yearly revenue was 1 million)
3)If I decided to go into business with someone, how many partners should I consider in order to still make a profit? (what is the max partners I should consider)
4) What percentage of partnership is fair if lets say you have 3 partners and you would be the only one working at the pharmacy or if there are just 2 partners? (I am trying to figure out what percentage should the working partner have in the business and what percentage should the non-working partners have. I know that if everyone is putting in the same amt of work, than everyone should have equal amt of partnership)