Additional premises and services.
WHAT CONSTRAINS GROWTH
Registered pharmacists, who are required at each premises Capital tied up in stock Management attention
WHY PHARMACISTS BIND FIRST
Each premises requires supervision, and qualified people are scarce.
WHAT TO ESTABLISH BEFORE A SECOND PREMISES
Whether a pharmacist is secured Whether the location supports the volume Whether you can fund a second stock holding
WHAT STOCK FOR A SECOND SITE COSTS
A full range, before any sales.
WHY THAT IS THE LARGEST BARRIER
It is substantial and it is committed in advance.
WHAT TO DOCUMENT BEFORE EXPANDING
Ordering processes Stock controls Dispensing procedures Cash handling
WHY
A second site cannot inherit what exists only in your head.
WHAT TO ESTABLISH
Who runs it, with authority.
WHAT TO MEASURE ACROSS SITES
Sales and margin Stock turnover Expiry write-offs Discrepancies Inspection findings
WHAT OTHER GROWTH OPTIONS EXIST
Extending hours Adding services, where permitted Adding retail categories Supplying institutions Delivery, where permitted
WHAT TO ESTABLISH ABOUT ANY NEW SERVICE
Whether it is permitted, and what it requires.
WHY
Services offered without authorisation are a regulatory matter.
WHAT TO IMPROVE BEFORE EXPANDING
Availability Stock turnover Expiry losses
WHY
Those produce more than a second site, at no capital cost.
