It is not enough just to listen to your own customers in order to understand the right direction to invest your money. Being in the heart of information revolution, which is changing customs and traditions of all of us at the speed of light and making the product arrive comfortably directly at home, the pharmacy has to consider the individual needs of its audience, turning the process of purchase into a learning, emotional and personal experience.
The best way to be fresh, innovative, creative, and set the stage to stand out from the rest, is to start fresh. To mold a pharmacy to be the model or your dream and one you would be proud of. A nice new facility promotes a fresh business, a clean professional environment and a new and inquisitive market. Many will come in just to see what is new. Those are the best and most emotional driven reasons for starting a pharmacy from scratch. Here are some of the more practical.
Capital Outlay. The amount of actual cash needed to start a pharmacy will usually be far less than purchasing an existing pharmacy. There are many positives for this approach. If you buy an existing pharmacy, you are often paying for "good will" which may or may not be a realized value. In addition, well established stores are often older, cluttered, have mounds of old paperwork all over in counters, drawers and back rooms. Often the equipment, fixtures and computers are old and may need replacement or repair in the near future. In a new pharmacy, you know you will not have these expenses for a considerable amount of time. In addition, they will be in good working order.
The Startup Pharmacy will incur the following start-up equipment costs:
Office equipment including chairs, file cabinets, and desks. Front counter, storage bins, cash register. Three computer terminals. Main computer server with a laser printer, and back-up system. Software: Microsoft Office or Apple Pro, QuickBooks Pro, drug interaction software, Physician Desk Reference software detailing side effects and other information pertinent to the customer. Assorted bottles, boxes, envelopes, etc. for dispensing and shipment. Scales for shipping, Telecom system, Storefront build-out, Start-up inventory. Rent, utilities, insurance.
Please note that these items will be used for more than one year and will therefore be labeled long-term assets, depreciated using G.A.A.P. approved straight-line depreciation.
When the time is right for you, call one of our Agents for an open discussion: 626.583.8484