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Pharmacy Business Plan

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The Discount Pharmacy

Financial Plan

Forecast

Key Assumptions

Key assumptions: 

Of course our main assumption is legality. Regulations affecting our business can change very fast. 

People appreciate:

  1. The mail in order option for their convenience 
  2. Prescription at affordable prices 

Revenue by Month

Chart visualizing the data for Revenue by Month

Expenses by Month

Chart visualizing the data for Expenses by Month

Net Profit (or Loss) by Year

Chart visualizing the data for Net Profit (or Loss) by Year

Financing

Use of Funds

The Discount Pharmacy will incur the following start-up equipment costs:

  • Office equipment including chairs, file cabinets, and desks.
  • Front counter, storage bins, cash register.
  • Three computer terminals.
  • Main computer server with a laser printer, and back-up system.
  • Software: Microsoft Office, QuickBooks Pro, drug interaction software, Physician Desk Reference software detailing side effects and other information pertinent to the customer.
  • Assorted bottles, boxes, envelopes, etc. for dispensing and shipment.
  • Scales for shipping.
  • Telecom system.
  • Storefront build-out.
  • Start-up inventory.
  • Rent, utilities, insurance.

Please note that these items will be used for more than one year and will therefore be labeled long-term assets, depreciated using G.A.A.P. approved straight-line depreciation.

Startup expenses – $24,100 listed as net earnings in dec 2017 

Start-up Expenses

Legal $1,000

Rent $2,000

Utilities  $400

Telecom System $400

Insurance $300

Storefront Build-out $15,000

Expensed Equipment $4,000

Website development $1,000

TOTAL START-UP EXPENSES $24,100

Sources of Funds

 

Planned Investment

Seed Funding $50,000

John $51,000

Friends and Family $82,100 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $264,860 $320,210 $397,700
Operating Expenses
Salaries & Wages $263,600 $299,664 $309,217
Employee Related Expenses $18,400 $19,392 $20,188
Sales Expenses $8,400 $8,400 $8,400
Utilities $3,600 $3,600 $3,600
Insurance $3,600 $3,600 $3,600
Rent $24,000 $24,000 $24,000
Interest Incurred
Depreciation and Amortization $850 $850 $850
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $703,590 $820,296 $942,155
Net Profit ($57,590) ($39,296) $27,845

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $140,500 $87,016 $45,597 $74,292
Accounts Receivable $0 $0 $0
Inventory $10,000 $76,798 $95,384 $95,383
Other Current Assets
Total Current Assets $150,500 $163,814 $140,980 $169,675
Long-Term Assets $8,500 $8,500 $8,500 $8,500
Accumulated Depreciation ($850) ($1,700) ($2,550)
Total Long-Term Assets $8,500 $7,650 $6,800 $5,950
Accounts Payable $70,054 $85,666 $85,666
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $70,054 $85,666 $85,666
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $183,100 $183,100 $183,100 $183,100
Retained Earnings ($24,100) ($24,100) ($81,690) ($120,986)
Earnings ($57,590) ($39,296) $27,845

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit ($57,590) ($39,296) $27,845
Depreciation & Amortization $850 $850 $850
Change in Accounts Receivable $0 $0 $0
Change in Inventory ($66,798) ($18,586) $1
Change in Accounts Payable $70,054 $15,612 $0
Change in Income Tax Payable $0 $0 $0
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt
Change in Long-Term Debt
Cash at Beginning of Period $140,500 $87,016 $45,597
Net Change in Cash ($53,484) ($41,420) $28,695

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