Company Performance Metrics
- Alexander Levin: President, Business Development
There are only 1 in every 100 specialty pharmacies in the state of New York this is speaking on larger pharmaceutical companies such as CVS, Duane Reade, Rite Aid. http://www.nytimes.com/2015/07/16/business/specialty-pharmacies-proliferate-along-with-questions.html?_r=1 check out this article it should answer some
of the questions you may have about this business. This has the same license as a retail pharmacy but the specialty allows you to carry medication for patients in need of medicine for their needs. This brings you a location in your area where you can go to for this service instead of having to go to the pharmacy of the hospital which might be quite a distance from the person's home. I plan on opening my business in Brooklyn in a high foot traffic area of Brooklyn. The expenses are the pharmacist pay who handles the products that can be as high as $70 dollars an hr for the supervising pharmacist. Then you take into account the price of the products, Rent, Cashier and that sums up the expenses. its approximately around 300,000 to 350,000 for the location, I plan on having investors for the location its not necessary to invest in the actual company until their is expansion into further locations. This is a Retail business you will be able to track the buying and selling of goods. This is not a restaurant where the doors close after the first year being open its a Great Investment. i'd like to have a decent sized location so that we may administer vaccinations at the location as they do at a doctors office or a hospital. You must realize the size of New York and the amount of the population that needs some kind of medication to remedy their ailments. the pharmacy must be 300 sq ft in size where you close off a section for the Rx products. its a Great business for expansion you can ultimately look to sell products out of multiple locations. To start you can either have hours I chose 9am to 8pm or you can be a 24hr pharmacy but those are much larger.
