Friday, June 26, 2015 5:57:22 PM
First of all we closed up today :)
Second, I still believe the current PPS is very well supported even discounting projections up to 50%
As far as the floor plan and revenue per square foot arguments I can only offer this; look at independent retail pharmacies as comparables in your DD.
The NCPA (National Community Pharmacists Association) breaks revenue down between prescription sales per square foot and "other" sales per square foot. Pharmacies typically generate over $3,000 to $4,000 in sales per square foot for prescriptions but less than $100 per square foot in "other". In 2008 the average revenue for a independently operated, pharmacist owned location was over $1,100/SqFt. Behind these numbers, the average prescription cost was $63 and an average of 22 prescriptions were dispensed per hour.
Maybe in future releases CAFS will break down revenue streams similarly.
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