Pharmacy In Texas

[murphyy12]

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Hi everyone. I was wondering if anyone could shed some light on the pharmacy world in Texas. I am interested in moving out to Texas (Austin in particular) and know nothing about pharmacy in Texas. My two career paths I can see myself doing is either Government related or working in and Independant. I want to eventually open my own pharmacy. Is Texas a good place to accomplish these goals? What is the Independant landscape like? Any information would be much appreciated. Thanks in advance.

 

[StaviZFingerZ]

Why don't you get into University of Texas pharmacy school first and then spend 4 years going to school. Then you'll find your answer.

 

[murphyy12]

too late. im 4th year student in boston.

 

[type b pharmD]

too late. Im 4th year student in boston.

bam!

 

[murphyy12]

why bam?!

 

[type b pharmD]

take

why bam?!

i dunno, stavi was wrong for once.. it's rare.. gotta take advantage of the opportunity to stick it to him.

 

[StaviZFingerZ]

im not always right. but im never wrong. the op needs to go see austin to learn the area to see if its right for him. its like someone asking does sushi taste good? how do you answer that?

try it and taste it yourself.

take

i dunno, stavi was wrong for once.. it's rare.. gotta take advantage of the opportunity to stick it to him.

 

[StaviZFingerZ]

what would I do if I was to open my store? I would first decide on closed vs. open door pharmacy.

closed..location is not an issue. open door indy, location is the primary importance.

id get a map out and place every pharmacy and doctors offices on the map. then get detailed demographics data from city halls. then interview every pharmacist and techs and docs office stass in the area including indys. you have to know ur competitions. then determine the feasibility. I would spend several months with this process.

 

[grizzlesgrizzlies]

what would I do if I was to open my store? I would first decide on closed vs. open door pharmacy.

closed..location is not an issue. open door indy, location is the primary importance.

id get a map out and place every pharmacy and doctors offices on the map. then get detailed demographics data from city halls. then interview every pharmacist and techs and docs office stass in the area including indys. you have to know ur competitions. then determine the feasibility. I would spend several months with this process.

smart man, i'd take the advice. there is so much that goes into opening your own business...

 

[murphyy12]

i plan on visiting texas during the spring. and thanks for the advice. im trying to get as much info as i can. i also have a long way to go before anything actually happens.

 

[johnep34]

So what is it with Austin? Is it one of the best towns to live in? Does it have a nice river, parks, museums, theatres, a restaurant district etc?
would like to know.
johnep

 

[Sparda29]

So what is it with Austin? Is it one of the best towns to live in? Does it have a nice river, parks, museums, theatres, a restaurant district etc?
would like to know.
johnep

It's consistently high on the best places to live, grow up, etc lists.

 

[sherlockRX]

Why Austin? Reasons:
1) Live Music Capital of the World with the annual Austin City Limit music festival
2) Home of the Texas Long Horns, and UT rocks 🙂
3) Capital of Texas but essentially the most liberal city in the state
4) Place of so many lakes and parks for outdoor activities...Lake Austin, Lake Travis, Town Lake, Mt Bonnell, etc....hike and bike trails are everywhere...lakes are for free-floating and canoeing
5) Tech hub of the state, if not the whole nation, one of the top cities with highest use of Internet & Wifi and also home of Dell's headquarter
6) The famous 6th Street and busy downtown crowded with bars and clubs...one of best Night Life city in the US
7) Everything is considerably cheaper in Texas...food, gas, mortages, a whole nine yard...
8) Hot young college students everywhere...best city for singles to hook up 🙂

 

[orange_ivy]

Hmm...there are a lot of independents in small towns in Texas, not so sure about Austin. I grew up in Austin, but I only remember chain pharmacies and maybe Peoples pharmacy (which i think is independent). I think a lot of older pharmacists are wanting to sell their independent pharmacies so they can retire, but you might have to live in the middle of nowhere. Try looking up The Academy of Independent Pharmacists - Texas.

 

[murphyy12]

Thank you. I will definitely do that. Hopefully there will be a lot of older pharmacists wanting to sell in a few years. I don't graduate until 2012. And even then, not sure what the finances will be.

 

[scoobygrl79]

Hi everyone. I was wondering if anyone could shed some light on the pharmacy world in Texas. I am interested in moving out to Texas (Austin in particular) and know nothing about pharmacy in Texas. My two career paths I can see myself doing is either Government related or working in and Independant. I want to eventually open my own pharmacy. Is Texas a good place to accomplish these goals? What is the Independant landscape like? Any information would be much appreciated. Thanks in advance.

What's movin' ya to texas? Texas has always been great to me, but Boston has it's perks too....(just being nosy ).

 

[glory4england]

Thank you. I will definitely do that. Hopefully there will be a lot of older pharmacists wanting to sell in a few years. I don't graduate until 2012. And even then, not sure what the finances will be.

If you want to owe your own pharmacy, you should consider joining NCPA, they have alot of start up programs for graduating pharmacists and they have a program where they match up pharmacists looking to sell and pharmacists wanting to buy their own independent.

We had a pharmacist speak to us at our NCPA meeting, and he said that it takes about 2 million dollars right now to start an independent pharmacy (that's in TX though). But he did mention ALOT, can't give you an exact percentage, but its quite high, of independent owners are in the 50-60 age group and they're looking to sell. ^^

 

[murphyy12]

What's movin' ya to texas? Texas has always been great to me, but Boston has it's perks too....(just being nosy ).

i know a few people and family from southwest (TX, AZ) and they love it and tell me all about it. my girlfriend used to live in San Antonio and has been to Austin and she loves it as well. I am really interested in the southwest and plan on going out there in the spring to visit. who knows, i may hate it. but i have a pretty good idea that i will love it. i am the type of person who wants to move around after graduation and find out where i want to settle down. i havent been many places and would love to travel. so we'll see.

 

[murphyy12]

If you want to owe your own pharmacy, you should consider joining NCPA, they have alot of start up programs for graduating pharmacists and they have a program where they match up pharmacists looking to sell and pharmacists wanting to buy their own independent.

We had a pharmacist speak to us at our NCPA meeting, and he said that it takes about 2 million dollars right now to start an independent pharmacy (that's in TX though). But he did mention ALOT, can't give you an exact percentage, but its quite high, of independent owners are in the 50-60 age group and they're looking to sell. ^^

Thanks for the information. I have considered joining NCPA, but I wasn't sure if it was too early. I am 4th year, should I wait till 5th or 6th? Or does it even matter?

Also, how many of these owners do you think are willing to do a junior partnership? I read about partnerships, and I am worried that it will take a long time to eventually own the pharmacy. I guess it all depends on the deal you work out with the owner. I know these are questions NCPA can probably help me with, but any input would be appreciated.

 

[glory4england]

Thanks for the information. I have considered joining NCPA, but I wasn't sure if it was too early. I am 4th year, should I wait till 5th or 6th? Or does it even matter?

Also, how many of these owners do you think are willing to do a junior partnership? I read about partnerships, and I am worried that it will take a long time to eventually own the pharmacy. I guess it all depends on the deal you work out with the owner. I know these are questions NCPA can probably help me with, but any input would be appreciated.

It's never too early. I joined this semester and I'm just a P1. I don't know how many would do a junior partnership. But I'm heading to the annual NCPA convention in New Orleans this weekend and I'll snoop around for you and report back =D

 

[murphyy12]

It's never too early. I joined this semester of NCPA and I'm just a P1. I don't know how many would do a junior partnership. But I'm heading to the annual NCPA convention in New Orleans this weekend and I'll snoop around for you and report back =D

Thanks a lot! Enjoy. Maybe I can make the convention next year.