How profitable is running a pharmacy business

cherry123

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Running a Pharmacy in my country is profitable. The business has Strong potential for profitability as a lot of times customers can't bargain with the products unlike other businesses

Pharmacies are really profitable businesses, because it comes with a high demand for prescription medications and other health-related products. As an owner of a pharmacy, you have the potential to earn a good income

With pharmacy you build a successful business. The only snag here is that you need good amount of money to start it.

 

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Sophie

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I believe that running a pharmacy business is really profitable, it deals with the sales of various drugs and also health related which is very necessary and can not be ingored by we as human

 

SHAHID987

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Being a B.Pharmacist it is my dream to start a Pharmacy as I have all required knowledge and I am able to better run it. But due to lack of capital I am not able to start it. There so many benefits as you get constant good profit out of it, customers has to come they can't ignore medicines. You will learn daily something new. Usually customers ask about their medicine so you give demo to them and feel some sort of proud.

 

eldavis

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Running a standard pharmacy is extremely lucrative, and a good business to go into but to be able start up a pharmacy, I believe there are certain certifications you need to acquire first.

 

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timewo

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Pharmacies are extremely profitable in densely populated areas, especially if there are more senior citizens and children who require a large number of medicines. Even adults require supplements and other medicines.

 

freelancermaria

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Pharmacies are in high demand where I now live. There are several clinics and hospitals here, therefore having pharmacies can be beneficial. It is an excellent idea to start one, especially if you have a pharmacy degree. You operate a business and can utilize what you've learned in college.

 

Starmix

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• Feb 3, 2024

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If you are a licensed pharmacist then there is a guarantee that you can operate a business pharmacy however, it is not t a guarantee to boom your business. In fact, there are 3 pharmacies in the city where I live closed because of bankruptcy.

 

nomad

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It is very profitable but before you start this business, you need a degree in pharmacy. This is the basic rule in my hoe country. The best part is you can return expired medicines to the company, so there is no losses.

 

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Fidelia

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Pharmacy business is very lucrative. Drugs are almost like social commodities that are heavily subsided by governments and NGOs. That's why people running pharmacy businesses are always in profit.

 

IB D

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• Aug 13, 2024

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Pharmacies really make money, especially the ones that have authentic drugs. It is a business and that would keep you rich.

 

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King Belieal

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• Aug 13, 2024

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The people that are running pharmacies in my country are making good money even though it is almost saturated, but they're making it.

 

Shavkat

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In my city, it is not that feasible anymore. It is because they are so congested here.

 

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grigorie888

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It can be profitable, VERY, I'd say. The only problem can be the audits. They're tough. Good thing you can appeal them.
I don't know if anyone here has such a business, but I'll leave this info anyway, just in case: https://www.jdsupra.com/legalnews/10-keys-to-a-successful-pharmacy-audit-6447720/

 

Last edited: Oct 7, 2024

IB D

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grigorie888 said:

It can be profitable, VERY, I'd say. The only problem can be the audits. They're tough.

Click to expand...

With a very good inventory management software, auditing a pharmacy business would not be difficult as far as you understand the nature of the business.

 

fcbetting

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Pharmacy is extremely good paid for business owners. It is hard get in that niche. I can't get any good idea for mobile app in that business. If just can get in it, I would be rich.