Pharmacy Business Plan
Opportunity
Problem
People must be able purchase prescriptions at a lower price. We achieve this by carefully managing our processes to maintain efficiency. This allows us to target a certain segment of customers, those who pay their prescriptions themselves. They are often poor and they are sick. Therefore, they should receive the same care as those with full coverage.
Solution
The Discount Pharmacy’s goal is to provide the best prices for prescription medication. Our services and convenience will surpass the expectations of customers.
Market
The target market of Discount Pharmacy includes two types of people: local customers (walk-ins) and mail order customers.
Concurrence
Competition takes many different forms in the pharmacy industry. They are: chain pharmacies, local pharmacies, mail in pharmacies, canadian pharmacies.
Why Us?
We have superior pricing at Discount Pharmacy. We must keep our low cost status by ensuring that operating costs are low and maximizing efficiency.
Expectations
Forecast
The only pharmacist will be needed and the pharmacy techs will fill in the gaps. This will reduce costs. We expect to reach profitability by our third year and will generate substantial sales by year three
Financial Highlights by Year
Financing is Required
We will need $115,000 to start, we will be able to pay the investment back at the end of year 4