What is an independently owned pharmacy?
Ava Robinson
Published Mar 30, 2026
An independent pharmacy is a retail pharmacy that is not directly affiliated with any chain of pharmacies and is not owned (or operated) by a publicly traded company. Independent pharmacies are pharmacist-owned, privately held businesses in varying practice settings.
How much does it cost to buy an independent pharmacy?
It typically costs $400,000 – $600,000 to open your own pharmacy. The average monthly operating expenses for a pharmacy total around $30,000. As a new pharmacy establishes itself, it may not be able to fill enough volume to pay the operating costs each month.
How do I set up an independent pharmacy?
The five preliminary steps are:
- Consult peers and colleagues. Like any new business venture, the pharmacist should consult with other pharmacists who have started their own pharmacies.
- Develop a business plan.
- Assemble a team of advisors.
- Research and choose a location.
- Evaluate and select financing options.
What are the advantages of independent pharmacies over chain pharmacies?
Independent pharmacies are uniquely situated for personalized patient interactions. Independent pharmacists’ ability to provide personalized care gives them a competitive advantage within value-based health care models.
How do pharmacies order their drugs?
Pharmacies purchase drugs from wholesalers, and occasionally directly from manufacturers, and then take physical possession of the drug products. After purchasing pharmaceuticals, pharmacies assume responsibility for their safe storage and dispensing to consumers.
How can I buy medicine directly from a company?
In India, the pharma manufacturer has to get a No Objection Certificate from the authorities. It has to submit the covering letter which contains the details of the purchase order received from importers of another country. Also, it should give the registration certificate and manufacturing license.
What is chain pharmacies?
Chain pharmacy provides two primary career paths for pharmacists: management and staff. As a general definition, a community pharmacy is considered a “chain community pharmacy” if the organization consists of four or more stores. More details about this type of role can be found in the profile for Corporate Management.
