Pharmacy financial model, built free.
A three-statement Excel model for a community pharmacy group, built from your own figures and checked to balance.
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- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
Retail pharmacies earning dispensing remuneration on PBS and private scripts plus front-of-shop retail margin.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and trading multiples, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.
Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.
How the model works for a pharmacy.
- How it earns revenue3 formulasPharmacy sales and gross profit · All pharmaciesPharmacy salesDispensary salesFront-of-shop salesPharmacy sales and gross profit · All pharmaciesCost of goods soldDispensary cost of goods soldFront-of-shop cost of goods soldPharmacy sales and gross profit · All pharmaciesScripts dispensedScripts dispensed in the last reported yearScript index (reported year = 1)share of the year
- What drives its costs3 formulasHeadcount and payroll · Across the businessTotal salariesDirect labourSales and customer serviceAdministration and financeManagementHeadcount and payroll · Across the businessTotal staff costsTotal salariesOn-costsHeadcount and payroll · Across the businessDirect labour costsTotal staff costsDirect labour share of salaries
- What it invests in3 formulasCorporate fixed assetsCapital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capexCorporate fixed assetsDepreciationDepreciation of the opening asset baseDepreciation of new capexCorporate fixed assetsClosing net book valueOpening net book valueCapital expenditureDepreciation
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
19 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- Corporate fixed assetsStraight-line over remaining life
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Practice and site acquisitionsAcquisitions per year × size × multipleRoll-up acquisitions of practices, clinics, imaging sites or pharmacies — consideration paid, goodwill, and the revenue and costs acquired.
- LeasesLease register
- Key-metric summaryLast-twelve-month and run-rate metrics
- Headcount and payrollFTEs by department x loaded cost
- Case selectionStackable stress toggles
- InventoryStock per store plus DC stock
- Pharmacy sales and gross profitScripts plus front of shopDispensary (PBS and private scripts) and front-of-shop retail sales and their cost of goods.
- Store networkScheduled openings and closures
The numbers it tracks.
- 01scripts
- 02gross profit per script
- 03front-of-shop sales
- 04gross margin
- 05wages to sales
- 06EBITDA per store
What it is used for.
- Operating forecastGuide · Financial projections
- Budget and rolling forecastGuide · Cash flow forecast
- ValuationGuide · DCF valuation model
- Lending and credit analysisGuide · Three-statement model
- Merger or acquisition (strategic)Guide · Financial modelling services
- Scenarios and sensitivities
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Looking for a pharmacy financial model template? Ours arrives built for your business, with your figures in it.
Running a small business? Read what goes into a small business financial model.
See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.