This post Pharmacy Business Plan and feasibility studies in Nigeria entails all you need to know about what it takes to run a standard Pharmacy in Nigeria which includes the Executive Summary (full introductory analysis including Getting Started & how to get your License summarized here), Setting Up your pharmaceutical Store (full details in business plan pdf), The Detailed financial analysis which includes running cost and profit margin (full details in business plan pdf), Marketing strategy (full details in business plan pdf), Competition analysis (full details in business plan pdf) etc.

With proper planning and good management, a N3 million investment in Pharmaceuticals could easily result in N7 million of pure profit within six months.

Health is wealth it is often said, and thus there is no limit to which a person would not go in making sure he/she is in good health. This fact alone underlines why this business is a goldmine. However, starting a pharmacy is not something anyone with money can just wake up and run. There are procedures that must take place before you can run a pharmacy fully.

Assuming you have enough capital to start-up a pharmacy shop(and if you don’t, you can apply for loans or grants using our business plan) you will still need to do a proper market research before going into this business so you don’t run at a loss. A pharmacy is not a business you can just run anyhow, without proper market research you will run at a huge loss.

Only as a registered or certified Pharmacist are you allowed to own and run a Pharmaceutical Store in Nigeria, so getting a certification is mandatory.

The superintendent pharmacist will notify the PCN registrar in writing through the state office to request for a location inspection. The charge for the inspection is paid to the bank before he would proceed to register the premises with PCN. To register with the PCN, you will need to file in these documents as stated by the PCN website: READ MORE

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