Pharmacy Business Plan
Opportunity
Problem
People need to have the ability to purchase prescriptions at discounted prices. This is possible because we carefully manage our efficiency. We can target one segment of our market: customers who pay their own prescription medications. They are poor and sick. They deserve the same healthcare as those who have full-price prescriptions.
Solution
The Discount Pharmacy’s goal is to provide the best prices for prescription medication. Our convenience and services will exceed the expectations of our customers.
Market
Target customers for Discount Pharmacy include local customers or walk ins as well as mail-order customers.
Competition
There are many forms of competition in the pharmacy industry. These include: local pharmacies and chain pharmacies.
Why Us?
We have superior pricing at Discount Pharmacy. It is essential that we maintain our position as a low-cost provider by meticulously monitoring operating efficiency and keeping costs low.
Expectations
Forecast
The only pharmacist will be needed and the pharmacy techs will fill in the gaps. This will reduce costs. We expect to be profitable in the third year. By year three, we will have significant sales.
Financial Highlights for the Year
Finance is required
We will need $115,000 for the start. At the end 4 years we will be able repay the investment.