The Claxton Group LLC | Application Preview
The Claxton Group LLC is seeking government grants to support various operational needs, including hiring a pharmacist, technician, and cashier, along with funding for building renovations, monthly inventory, marketing, and ongoing operating costs. Any leftover funds will be deposited into a Business Bank Account.
The business plan focuses on growth through a membership program that offers weekly discounts and referral incentives. Additionally, there is a strategy for secondary wholesaling with other pharmacies to strengthen business relationships.
The application highlights the potential of capturing a substantial market share for this type of independent pharmacy, emphasizing low and stable overhead costs due to a fixed pricing model. The appeal is further strengthened by the positive impact on local communities that could result from this investment.
In terms of competition, the Claxton Group LLC recognizes CVS, Walgreens, and Walmart as major players, all of which offer more than just pharmacy services. However, the business sets itself apart through its lean operational model, which includes employing only one pharmacist, one technician, and one cashier to keep overhead low. By being independent, the pharmacy can avoid certain costs associated with Pharmacy Benefit Managers (PBMs) and other industry expenses, while also offering flexible store hours to better meet customer demand.
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General Information
Business Registration Number: 001027877
Location: Alexandria, AL, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
The funding will go towards hiring a pharmacist, tech, and cashier. The funding will go towards building renovations. The funding will go towards monthly inventory, marketing, and operating costs. The remaining funds will be allocated in a Business Bank Account.
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Business Plan
I plan on growing my business through a membership program that will have weekly discounts, and referral incentives. I also plan on doing secondary wholesaling with other pharmacies to secure relationships. Invest knowing their is a big market that is obtainable for this style pharmacy. Overhead costs are low, and do not fluctuate due to fixed price model. Invest knowing the impact that can be made in helping local communities.
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Self Identified Competition
CVS Pharmacy- a non independent pharmacy, with other retail products offered in store along with the pharmacy. Walgreens Pharmacy- a non independent pharmacy, with other retail products offered in store along with the pharmacy. Walmart- a supercenter that offers several consumer products, along with a pharmacy. My business is different due to the low overhead cost being, 1 pharmacist, 1 tech, and a cashier. Being independent avoiding PBM costs, and other industry related expenses, flexible store hours to match, and meet demand.
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Contact Applicant
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