7 Retail Pharmacy Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Retail Pharmacy

Starting your retail pharmacy can be a rewarding venture that offers you independence and the opportunity to define your work schedule. If you are considering starting a pharmacy, understand the licensing requirements and comply with the National Council For Prescription Drug Program.

Then, define the business model. You may opt to start an online retail pharmacy or a brick & mortar establishment. For a brick-and-mortar establishment, rent a physical location and take care of staffing costs and inventory keeping.

Here are some real life success stories of starting a retail pharmacy:

1. Medical Bag Tags, LLC ($6.18K/year)

Misty Dupree, the founder of Medical Bag Tags, came up with the idea for her business after realizing the need to bridge the gap between the medical community and everyday people. She wanted to create customizable bag tags that would raise awareness of medical and allergy conditions, allowing individuals to communicate their needs during emergencies. Despite facing personal challenges, Misty remained determined and started her business, providing functional and cute bag tags that offer peace of mind to parents and individuals with medical conditions.

How much they make: $6.18K/year
How much did it cost to start: $3K
Current team size: 1

On Creating Customizable Medical And Allergy Awareness Bag Tags

Medical Bag Tags, LLC creates customizable medical and allergy awareness bag tags for personal items while raising awareness of medical and allergy conditions, all while overcoming personal tragedy and balancing being a single mom of 8 children, and is now in talks with a possible pharmaceutical investor to expand and grow the business.

About

Misty started Medical Bag Tags, LLC over 5 years ago

Revenue

Misty grew the business to $515/month

Costs

It cost Misty $3000 to start the business

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Starting A Retail Pharmacy: Everything You Need To Know

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So... can you actually make money with a retail pharmacy?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Pharmacist

Website traffic: 160K/month

5. Veterinary Pharmacy

Wedgewood Veterinary Pharmacy provides Pet Meds, Compounding and Veterinary Medications for Dogs, Cats and Horses. We Care the Way You Care.

Website traffic: 570K/month

So... can you actually make money with a retail pharmacy?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. NCPA

Founded in 1898, the National Community Pharmacists Association is the voice for independent pharmacy, representing 21,000 pharmacies and employing more than 250,000 individuals nationwide.

Where they're located: Nashville, Tennessee, USA