Are there Benchmark statistics and/or ratios for types/styles of pharmacies (eg shopping centre, metro strip, rural town, medical centre, etc)?

YES. The Guild Digest is one source. You can also use Medici Express (http://express.medici.com.au/) to find other benchmarks as well as indicative valuations.

January 1 may be the normal date to review your personal plans and set New Year's resolution, but in business the key date is usually July 1.

Synopsis

Planning and business review must be a regularly part of your business management cycle. We all need to take time out to consider alternatives, review priorities, and kick-start your business year.

This is not rocket science... but needs the review of where you are at, where you are going, and how you will get

What is a reasonable wages ratio in pharmacy?

Current "average" gross profit margin is about 32 to 33%. However, this varies significantly depending on location, sales mix, and speciality practice. Remember, there is no such thing as average in pharmacy.

The "average" sales per square metre is about $17,100. Again, averages can be misleading.

Call Medici Capital to discuss.

Dear Frank and team, It is great to have someone to ask a snapshot question to get me started. My question: How successful are medical centre pharmacies? Do you guys do feasibility studies? more info on this please.

It varies depending on the location, the size of the medical centre, speciality or general practice, and the number of practitioners.

Yes we do feasibility studies and forecasts. This will be tailored depending on the location and circumstances.

Call Medici Capital to discuss.…read more

What is a reasonable wages ratio in pharmacy?

As a general rule, wages as a percentage of sales is about 13 to 14% (including owners but excluding on-costs).

The ratio will vary depending on shop size, service model, and trading hours.

Larger sites generally have higher staff costs Pharmacies offering more service or advice will also have higher staff costs. Alternatively, those with a retail focus and perhaps a check-out, will have lower staff costs Extended trading hours business will also have higher staff costs…read more