If you are looking for a sample pharmaceutical store business plan template, here is a business plan for starting a retail medical supply store and free feasibility study example you can use.
RETAIL MEDICAL STORE BUSINESS PLAN SAMPLE
Have you ever thought about starting a pharmaceutical store? If yes below follow through as I take you on a journey through what is needed to start the business. A pharmaceutical store is a store that deals with selling of drugs or medicine and administering this to patients.
Below is a pharmaceutical company business plan sample, which can be used as a guideline when preparing to start the business.
BUSINESS PLAN: ZOE Pharmaceutical Store
- Executive Summary
- Our Product and Services
- Vision Statement
- Mission Statement
- Business Structure
- Market Analysis
- Sales and Marketing Strategy
- Financial Plans
- Sales Forecast
ZOE pharmaceutical store is a medicine store that has fulfilled all the requirements for starting the business in California, United State of America. ZOE pharmaceutical store will try as much as possible, in fact, more than possible to make sure they satisfy the needs of their customers and do all within the law to carry out its operation in the best way possible. Sam Franklin and Joe West will both be the owner and CEO of ZOE pharmaceutical store. They have at present been able to contribute a total of $500,000 from sales of some of their properties and from their personal savings. They will be looking forward to getting a loan of $500,000 from their respective banks to complete the startup fund amounting to $1,000,000
Our Product and Service
ZOE pharmaceutical store is a store that is located in California, United State of America. They will mainly be concerned with the selling of drugs for our customers. We will make sure all our drugs pass the required test and make sure when quality is also tested it will come out controlled.
Other services that will also be rendered involve:
- Become a professional communicator with the patient and other healthcare personnel.
- Deliver high quality of products and handle communicating with clients in the best and most respectable way.
- Checking and dispensing of prescribed drugs for our customers.
- Counseling of patients before or after administering medications
ZOE pharmaceutical store looks forward to being the best supplier of drugs for its clients in California, United State of America. We are also looking forward to becoming a giant in the business before our 3rd year.
ZOE pharmaceutical store mission in the business is to be able to provide any medication required by our customers at any time. We are also looking forward to satisfying them by providing them with the best communication link. We also want to grow a profitable business that will satisfy our patient’s health wise and satisfy us financially.
Our business structure is one defining factor that will tell if we will be successful in the business or not. We will make sure that our structuring will be done with utmost care so as to make sure we get the best out of the business. Based on the CV submitted by our prospective staffs and their customer relationship test, our recruitment process will be looking to fill these positions:
- Manager (Owner and CEO)
- Sales Personnel
- Security Personnel.
A successful pharmaceutical store is that which sells original drugs as selling otherwise might rather lead to the closure of the business. Customer staffs relations also define the success of Pharmaceutical business. These are the known market trend in the business.
ZOE pharmaceutical store will be targeting everyone around as their prospective market. Almost everyone falls sick or at least take medications once in a while. Below are some of our highlighted targets:
- Filling stations
- Every other person in need of our services
Sales and Marketing Strategy
Since we know the importance of marketing to the success of our business, our business will at first be promoted greatly by our customers who have benefited from our store. Other methods have also been developed to accomplish the sole aim of marketing our products:
- Online advertising will be done. We would be exploring all methods and means available to accomplish this. We would make use of popular social media platform to run our internet-based advertisements.
- We will also make use of Television stations, Radio Stations, newspapers and Magazines to run a further advertisement for our business.
- We will also make use of posters, billboards, fliers and business cards to inform people about our business.
Source of Startup Capital
Sam Franklin and Joe West have as of present contributed a total of $500,000 as the starting capital for the business and are looking forward to covering the other expected startup capital amounting to $1,000,000 with a soft loan of $500,000 from their bank.
Below is a sales forecast for our pharmaceutical store that is ZOE pharmaceutical store. This forecast is just a credible statistical estimate received from the industry database. This is the forecast for the first 3 years.
First Fiscal Year $950,000
Second Fiscal Year $1,200,000
Third Fiscal Year $1,500,000
This article contains a pharmaceutical store bearing the name ZOE pharmaceutical store. The business will be operating from California, United State of America and will be owned by Sam Franklin and Joe West who have both been involved in different business before now.