open a new pharmacy

How to Open a New Pharmacy

Opening an Independent Pharmacy from scratch is a challenging process. From choosing your location to forming a business entity, there’s much consider. In this article, we break down the steps you should follow when starting a Pharmacy, and provide you with information on the costs of opening a Pharmacy both legally and efficiently. 1. Choose a Location for Your Independent Pharmacy Opening a Pharmacy begins with choosing the right location. You must consider factors including the location of your competitors,…

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I Want to Own an Independent Retail Pharmacy: Where Do I Start?

So you want to own an independent retail pharmacy but you’re not certain where to begin? Owning an independent retail pharmacy is not like owning just any business, there are many factors to weigh and consider that make owning a pharmacy business a unique and challenging experience. Let’s start by answering a few initial questions: Is it better to purchase an existing pharmacy, or start one from scratch? Purchasing an existing pharmacy that already has cash flow is the best…

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