Thread: Business advice
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Old 2nd, April 2007, 08:24 PM
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Default Re: Business advice

Quote:
Originally Posted by richtagg View Post
Hi,

yes sorry I was a bit vague.

We want to open a pharmacy business with some specialist services.
We've spoken to unichem about their pharmacy loan scheme and the bank and both seem like good options.

We've a lot to think about, eg. how much to borrow, where to locate our business, whether to buy a new start-up or buy an existing business and modify it.

It's all a bit daunting, but we're both very passionate about it and want to give it a go.
Good luck to you matey - I hope it goes well for you. I personally think the best pharmacy is one that doesn't rely on one surgery. A few years ago a friend of mine bought one from an old couple, who were happy to retire. The pharmacy gets scripts from quite a few different surgeries, and I have always thought that was the best way to be.

I know of people who have asked the local surgery owners if they are moving, as they are planning a 40k re-fit. They are then told the surgery is staying put, and six months later it moves and their business is gone, along with a wasted 40k.

I would think that if you can get 100 hours opening (maybe 3 of you) then it would be a lot cheaper then paying for stock, goodwill etc of an existing pharmacy. I might be wrong though, as I have never owned a pharmacy. My accountant does specialise in tax saving measures, so employ a good one as they will save you a lot of cash!
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