Owning pharmacy costs

[FilamentD’Actine 36]

Hi,

i was wondering does anyone have an idea about how much it costs (avg estimate) to open a pharmacy in Canada? Assuming you’d want to become an associate-owner with shoppers drug mart.

some people say it costs 1-2 million dollars .. but that sounds like a lot so im just trying to get other people’s opinions.

thx 

[lunacaptain 3]

Associate owners for SDM are not required to put in any capital of their own. They are essentially a step above manager for that store (or several stores) and are paid a base salary of 120k + a percentage of the pharmacy's revenue. For an independent or a banner such as IDA or Medicine Shoppe, 800k-1.5mm is about what it costs to open one up.