**** 2014 UPDATE ****
So it’s June 2014 and you’re looking up 100 hour pharmacies. They were an exempt application and as such a reasonable avenue to pharmacy ownership however you’ve probably heard that this has now ceased.
But they aren’t over yet, there are still some untraded contracts available in the marketplace. I had a call this week about a 100 hour pharmacy that has until November to open. Do you know of any other opportunities?
Should you have an opportunity to buy one of the un-traded contracts or if you need some help considering your options … why not get in touch with us. We’re happy to help … 01252 302342.
**** END OF UPDATE ****
Whilst obtaining a 100 hour contract is easier than the standard 40 hour contract, not many people know that in addition to not being able to reduce the hours of service below 100, contractors with 100 hour pharmacies must also give the PCT SIX months notice of intended closure, rather than the 3 months notice required by a traditional 40 hour pharmacy.
Bearing in mind that the profitability from a 100 hour pharmacy may be questionable anyway below a certain level of turnover, those considering this route of market entry should also be aware that one cannot simply close down quickly, if the business develops less well than expected.