Question:
I am cosidering establishing a NON PBS pharmacy in a tropical resort setting.What are some of the important questions I should be asking myself and others regarding this project ?
This question was asked on 21 February 2010
Expert Response
While these might be practical in isolated or tourist settings, they limit the viability of the business. You should develop a business plan to assess the viability of the site.
The key questions are:
- Traffic drivers
- Any speciality practice (Non-PBS)
- Competition and other pharmacies in the area
- Occupancy costs
- Staffing requirements
You should also consider, whether a site specific PBS approval could be sought.
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