About how much capital do you think it would cost to start a pharmacy?
Answer:
an excellent question, since I am looking at becoming a partner in a new pharmacy in about 3 years.
It depends on many variables of course. I can do little more than just mention them here. Discussion would be impossible.
We are looking at establishing a cash only (no insurance billing) pharmacy that will serve the 'working poor'. We will have a very limited formulary. We will lease from from an existing entity and not be free-standing.
In short, we are going to do this on the cheap. Even so, we will need in excess of 150K.
A typical free-standing independent would likely need triple.
1 million
2.3 million in todays dollars
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