R etail Pharmacy Business in Jordan. Dr. Amjad I. Aryan CEO- Pharmacy 1 ®. Outline. Overview Barriers of Entry Competition: Profits and loss analysis Revenue Costs Balance sheet issues: Stock/Inventory Management: Capital/ Debt Taxation Regulations: Industrial Outlook:
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Dr. Amjad I. Aryan
CEO- Pharmacy 1®
JD80, 000 annually from prescription (Rx) drugs. In addition, pharmacies offer over-the-counter (OTC) items, cosmetics, medicated cosmetics, health supplies, and other items. Sales of these items is estimated to be JD40,000, which brings the annual average sales per pharmacy to over JD120,000 ( JD10,000/month).
Collectively, these reasons helped create a brand name that consumers recognized and sought.
The major barriers of entry:
Pharmacies sell three main types of products:
The initial cost of opening a new outlet includes
The following is a detailed set up cost for a Pharmacy in the Jordanian market:
rent, salaries, and cost of supporting functions.
The pharmacy industry is regulated by several legislations: