Owning a pharmacy
I currently have an opportunity to open a new independent pharmacy, with 1 - 2 pharmacists plus technicians, (if succesful). Big question is should I do it?
Is it profitable in the current (2012) reimbursement environment to open an independent pharmacy in New York City (1 - 2 pharmacists).
1. If successful, what can be expected as "net" annual profit?
2. This "net" amount assumes how many scripts a day?
3. Does this already include the OTC end of the business?
4. What is the biggest attraction for customers to come to the independant versus going to the large chain stores?
I would immensely appreciate a detailed response from current retail owners or individuals truly knowledgable in their finances. This would assist me in this decision process.