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Greenfield Pharmacies

Published Thu, July 31 2008 10:30am by

Should I set-up a new pharmacy? Is it cheaper?

On face value it would appear cheaper. However, you need to factor in the years it would take to get the business to a profitable level and any investment (or losses accumulated) until it becomes profitable.

An existing business has a known sales level and is more likely to be profitable. Day 1, you make money.

Setting up a new business can take 3 to 4 years before it reaches break-even. Is it worth paying a premium for security of income?