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Owning a Pharmacy Store
Started by daysinnnc
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Depends on a variety of factors. Though you might want to settle on a profession first. It won't matter how much money it makes if you don't like doing it. Same with setting up a dental practice or a chiropractor practice. Things like location, competition, ability to raise starting capital, and establishing a reliable customer base. If it's done right and all the mentioned factors come together, I understand you can do well enough. I also understand that it's very labor intensive. Not your 8 hours a day and leave work at work type of business.
It definitely is not something you just step into and start making a lot of money, Takes a while to build up a business and requires many things to come together as Farmacyst mentioned. This topic has been raised many times, use the search function and you find lots of info.
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As mentioned above. Extremely long hrs, and it depends on location.
I personally have researched this: ranges ($175K-$500K+ per year)
While in school, make ur connections.
dependeing on if you open a brand new rx, or convert space in a supermarket, or take over from a retiring colleague. You maybe able to make a good profit on your first year.
PS: I am a PharmD with experience
the best is to buy an established pharmacy from someone who has retired. i read in bizben.com that some pharmacies pull in 35-40k a month.however dont forget competition like the corporates like longs they will match any drug price.
i would work first get to know then own.
i would work first get to know then own.
You can also start your own franchise with the Medicine Shoppe or the Apothecary Shop.👍
If you are interested I highly recommend going to the NCPA convention in Anaheim in Oct. Do a search and you will find more info from myself and others.
If you are interested I highly recommend going to the NCPA convention in Anaheim in Oct. Do a search and you will find more info from myself and others.
