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by Diane Peel - Nov 27, 2019 Star_s11 views

In starting a pharmacy business, it is important that you are a pharmacist who knows about drugs and how they are being administered and even if you are not a pharmacist, you can always get a pharmacist that will help in the business.

This independent pharmacy business plan sample that can be very helpful in writing your own business plan.


Here is a sample business plan for starting a compounding or retail pharmacy store.

Business Name: Wonder Pharmacy Business

Executive Summary
Business Description
Our Products and Services
Vision Statement
Mission Statement
Business Structure
Market Analysis
Sales and Marketing Strategy
Financial Plan
Competitive Advantage
Pharmacy business is a well thriving and lucrative business, though it needs lot of strategic planning and business coaching. Being in the pharmaceutical industry is a very good thing because there are great returns on investment. The pharmaceutical business is basically for developing, producing, and marketing drugs. One important thing about this industry is that it is highly regulated.

Wonder Pharmacy Business is a well registered and licensed business that will be involved in the distribution and sales of high quality drug and other materials essential to health. The business is a family business owned by Godwin Thomas and his immediate family.

The major target market of the business will be Los Angeles, California. Godwin Thomas graduated from the university with a degree in pharmacy and has worked with two pharmaceutical companies which has given him valuable skills in the pharmacy business.

In pursuit of achieving our goals, we have been able to lease a facility for three years with the option of buying the facility when it is put up for sales. We have decided to launch out the business with one outlet but over time, we will be opening other outlets in key locations.

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