How Much Money Can You Make Owning A Pharmacy
A typical independent pharmacy generates more than 90 percent of its revenues from prescriptions. Pharmacies are paid around 90p by the regulating body for each item dispensed, so the income of independent pharmacists varies, and depends partly on how many prescriptions are processed, although the average is around 2,000 a month. How Much Does A Pharmacy Owner Make In Uk? On average, pharmacy owners in England with a business that operated between 9am and 6pm five days a week had revenues exceeding £940k. A typical drugstore will usually be open 24/7. For most pharmacy owners, the annual salary they make seems to vary between £130k and 150k per year.
So effectively you make aroud £1 pure profit per script. So 6000items a month will generate about £6000 profit. Not including all the extra services and OTC sales. A typical investment in good economic times would probally be 10% down payment and then a business mortage to cover the rest of the costs. So if the business is £500000.