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Midtown Pharmacy

Business Plan Presentation
by

Heather Warren

on 26 April 2013

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Transcript of Midtown Pharmacy

Who we are... 615 North Hudson Oklahoma City, OK 73102 Callie Hataway
Pharm.D. Candidate 2013 Heather Warren
Pharm.D. Candidate 2013 Mumba Mushili
Pharm.D. Candidate 2013 Born and raised in Benton, Arkansas
OU College of Pharmacy Candidate with a specialty track in Leadership
Extensive management skills
Undergraduate minor in Spanish, bilingual pharmacy counseling
Rich history at Smith-Caldwell Drug Store, an independent pharmacy in Benton with a very similar vision Born and raised in Zambia
OU College of Pharmacy Candidate with a specialty track in leadership
Extensive experience in Health Care Field
Extensive Management knowledge base Grew up in Vernon, Texas
OU College of Pharmacy Candidate with a specialty track in Leadership
Extensive management and financial skills
Retail experience with desire to be patient based
Longhorn Fan "Hook'em Horns!" Services Location Target Market
Semi-private and private counseling booths
Private counseling room
Prescription delivery service
Medication Therapy Management (MTM)
Smoking Cessation Program
MTM monthly promotions
Immunizations
Blister packaging 3,500 reside in Midtown
Only 1 mile square
10,000 within 1 mile of center
Less than 1 mile from downtown OKC
0.6 miles from Saint Anthony Hospital
Largest hospital in OKC
Less than 1 mile from Valir Rehabilitation Hospital
Specialty in rehabilitation of all sorts
TARGET MARKET: Middle-aged working class individuals
and hospital patients and visitors SWOT Analysis Strengths Weaknesses Opportunities Threats
Only locally owned pharmacy in Midtown
Large working population nearby
Close proximity to St. Anthony’s Hospital and many others
Same day delivery services Smaller residential population
Increased work in startup to build customer base and rapport Appeal to urban mentality: Up-and-coming “trendy” pharmacy
Increased patient satisfaction and quality of healthcare services
Immunizations, compounding, and delivery services
Collaborative practice agreements with healthcare providers in area Competition in the area – chain pharmacies and compounding pharmacy
Unfavorable economy for small businesses The Midtown Difference Finances S-Corporation
Advantages
Limited Liability
Pass through entity
Avoid double taxation
Transfer Shares Summary of Loan Request Each Callie, Mumba, and Heather will put $100,000 toward the loan collateral

Loan Request
$750,000 with 7% interest paid over 10 years for Business Loan including for purchase of assets including accounts receivable, inventory, building out the rented building, yearly rent, and furniture, fixtures, and structures.
Access to a $100,000 line of credit to supplement the working capital anytime within the life of the loan with an 8.5% interest rate.

Initial Debt-to-Equity Ratio: $750,000 : $300,000 = 2.5 "We believe!" In our pharmacy
Our innovation
Our leadership
Our community
Our patients
Our VISION! Advertising Legal Structure Products Prescriptions
Gift Shop Merchandise
Local Team Paraphernalia
Over-the-Counter Products
Coffee Shop Our Vision Exit Strategy Well qualified, motivated and driven individuals
Contigency Plan
Failed venture alleviate problem /implement
Shareholder elects to leave internal buying
Retirement perpertual existence
No potential buyers Liquidation 405-564-5300 Social Media
Facebook Page, Twitter
Youtube Videos - Educational
LinkedIn
Active Posting and "@ tagging"! Store Hours Monday-Thursday 7 am - 7 pm
Friday 7 am - 8 pm
Saturday 8 am - 4 pm
Closed Sundays
Closed Thanksgiving and Christmas Traveling Flu Clinics
Fliers and emails beforehand
Personal interaction with patients
Promotional handouts to patients Stickers
Flu shot day - "I got my flu shot at Midtown Pharmacy"
Stickers for kids and anyone else daily Increasing funds for advertising with time MISSION STATEMENT

To provide pharmaceutical services in a comfortable environment that facilitates sincere pharmacist- customer relationships and improves quality of life for patients via unique services and lasting relationships.

VISION STATEMENT

Our vision, as your neighbors at Midtown Pharmacy, is:

† to provide patients with personal health monitoring by using specialized products and specialty care
† to provide a comfortable patient education environment to promote better health outcomes
† to provide the premier resource of your products and services from a well-qualified team that will understand and fulfill your needs on an individual basis
† to provide a better quality of life for you and the community you live in Nearby Apartments
Legacy Apartments
Sieber Hotel Apartments
Deep Deuce Apartments
Regency Tower Apartments
The Level- Urban Apartments opening in Summer 2012 Pharmacy Layout
Pharmacist’s Mutual Insurance
Professional Liability
Commercial Package Policy
o Property damage, bodily injury and loss of income
o Computer hardware and software
o Equipment/Inventory
o Theft, burglary
o Fire legal liability
o Personal and advertising injury liability
Workers compensation
Health
Commercial Umbrella Liability ! Midtown hosts eight of Oklahoma’s largest corporations
Devon Energy
Bank of Oklahoma
Sonic headquarters
Other amenities of the area include many restaurants and entertainment
Adjacent to Oklahoma City National Memorial
Oklahoma City Police Department is located 1.04 miles (3 minutes) away from Midtown Pharmacy

 Security Alarm Systems provided by ADT
o We will install silent panic alarms on all the
counters (pharmacy, gift and coffee areas)
o Windows/Doors
o Install Surveillance cameras
 Intensive employee training on emergency procedures Midtown
1 mile square bordered by The Midtown district is defined as the area bounded by N. 4th Street on the South, N. 13th Street on the north, Broadway (west alley) on the east, and Classen Boulevard on the west Insurance Security Management Structure The Underground is open Monday - Friday from 6 a.m. - 8 p.m.
Full transcript