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Financial Feasibility

Decisions..... Decisions..... Decisions

If you are seriously thinking about applying for an NHS contract for a Pharmacy, you will be amazed at just how many decisions you will need to take before you even get close to opening!

There is one fundamental decision you really should make just as soon as you have convinced yourself that a Pharmacy might just be your best business idea ever.....

Make sure your Pharmacy Project is financially viable!

SURELINES can help by preparing a comprehensive Viability and Feasibility Study for you

The comprehensive, objective report we will prepare will include a Staffing Profile, Anticipated Set Up Costs, Prospective Valuations, Feasibility Recommendations and Trading Account and Cash Flow Projections for 3 years 

Why go to all that trouble? Well, you might need the answers to these questions for a start! 

- Is the Pharmacy we have in mind capable of making money?
- Is the local market capable of supporting the Pharmacy? 
- How much could it cost to set up? 
- How much will it cost to run? 
- What effect will a Pharmacy have on our existing practice? 
- How much funding will we need? 
- What are the risks? 
- What are the alternative strategies? 

If the Feasibility Study supports your strategy to go ahead, 
it will also:
 

- Assist in the preparation of your application to open your Pharmacy
- Assist in the decisions you and other shareholders will have to make
- Support any request you may make to commercial banks or lending
  institutions for funding 
- Provide a solid foundation for your Business Plan 
- Provide a benchmark to assess performance once the Pharmacy is up
  and running

Weak financial planning is recognised as being one of the most common causes of business failures. So, if you have just had your best business idea ever – take your first decision and contact SURELINES!

 

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