People ask us all the time is buying a pharmacy a good investment. Of course have owned pharmacies and have entire business around consulting pharmacies so we say yes. But why? Below we have outlined some reasons:
1. Return on Investment â€“ as an investor myself I always ask myself what is the return? And if you buy a pharmacy the return is better than any investment I can find. I can put $100,000 into buying a pharmacy and in the first year return $100,000 plus gain equity in the business. If I put $100,000 in the stock market I would at best make $12,000 on that same money, in a bond $3,000, in a savings account $1,000, in real estate $20,000.
2. Knowledge â€“ why invest your money into public companies, real estate and other investments when you have no knowledge of these businesses. I personally have been in pharmacy all my life and that is what I know so shouldnâ€™t that be where I put most of my money? Same with you as a pharmacist, it is what you know most so shouldnâ€™t you consider putting your money toward a pharmacy?