Starting A Pharmaceutical Practice

Opening an independent pharmacy can be a successful business venture.

While the process can be challenging, time-consuming and expensive, our team will guide you through it and advise you on the best options for your pharmacy. At Attridge Consulting, we provide market intelligence to help you find the perfect location and negotiate favourable terms for you so that your goals can be accomplished in those critical early months. We've helped many pharmacists open successful businesses and know what it takes to have long-term positive results.

Every independent pharmacy is different.

We work by your side from conceptualization to opening day. Our solutions mitigate risk by using our expertise and contacts in the commercial real estate industry. We follow your vision and goals and help you navigate through each phase, providing you with tools, knowledge and data to avoid making expensive mistakes or wasting precious time.

Our pharmacy start-up solutions simplify the process and allow you to concentrate on providing high-quality healthcare to your clients.

GETTING STARTED

INITIAL CONSULTATION

A pharmacy has specific requirements. We pair those requirements with your vision and objectives. We use this first meeting to collect information including: 

  • Your business goals
  • Your personal commitments
  • Your client profile

MARKET INTELLIGENCE

We perform comprehensive demographic and geographic research based on your pharmacy's requirements and your vision. Through our in-house software tools we can: 

  • Identify geographic areas that meet your needs
  • Distinguish between weak and strong communities
  • Focus on the strongest areas

AREA IDENTIFICATION

We localize the geographic areas that meet your requirements as a pharmacist, as well as your business goals, by: 

  • Identifying locations based on your patient profile
  • Understanding area limitations
  • Recognizing area advantages
  • Focusing on strong trade areas

SOURCING PROPERTIES

Through our close relationships with local and national landlords, developers and brokerage firms, we will find the location for your pharmacy through: 

  • Accessing our exclusive database of future and existing commercial real estate properties
  • Utilizing our ability to see a full picture of the market
  • Filtering your preferences

DOCUMENTATION

The information pipeline is a critical step for successful negotiations, so we ensure that we:

  • Structure documentation based on each landlord to have a higher success rate
  • Work directly with commercial real estate specialists
  • Document your specific requirements for your pharmacy
  • Deliver a successful message and procure more inducements

NEGOTIATION

We negotiate from a position of strength and we always look out for your best interests. This means:

  • We use all the tools at our disposal, gained from our industry knowledge
  • We gain an inside track on the financial parameters between landlord and tenant
  • We secure favourable inducements for you

DUE DILIGENCE

We take care of all reasonable steps to satisfy the following requirements: 

  • Financing
  • Zoning Assessment
  • Lease review
  • Space planning
  • Construction review

TRANSITION

We offer support to ensure team communication and ensure a smooth transition in: 

  • Financing
  • Construction
  • Design
  • Permitting

Our expertise and knowledge in each phase provide you with competitive advantages so you can deliver high-quality care to your patients.

SCHEDULE A CONSULTATION

FREQUENTLY ASKED QUESTIONS

At Attridge Consulting, we provide Market Intelligence solutions that allow us to pinpoint the strongest geographic areas.  We work closely with a broad pool of national and local players in the commercial real estate industry.  Our position as a neutral firm that solely represents healthcare professionals has garnered the trust of landlords, developers, and commercial real estate brokers, who continuously share with us available properties and other opportunities.

SCHEDULE START-UP CONSULTATION