Success Story for:
Andrew Finney of Perkins Drugs
In 2009, recent pharmacy-school graduate Andrew Finney came to the Tennessee Small Business Development Center because he was considering buying an existing pharmacy. Andrew was excited, but he was inexperienced in running a business. He worked with the TSBDC at Volunteer State Community College to create a business plan and projections that he eventually used to help him obtain an SBA loan to purchase Perkins Drugs & Gift Shoppe.
He managed to retain all of his employees during the Great Recession and has added five more, to a total of 23. From employing area residents to sponsoring sports teams over the years, Perkins is known for consistent involvement in the community.
Andrew has grown the business 34% in revenue from 2009 to 2015. In 2018, with the help of an SBA loan, he will open a new location.
Perkins Drugs & Gift Shoppe has been nominated and won for Best Pharmacy in the Readers’ Choice “Toast of Sumner County” awards multiple times. In 2017, Andrew also won the SBA Rural Owned Business for Tennessee and the Rising Star Award from the Volunteer State Community College TSBDC.
The TSBDC was the first step toward thinking through the process of buying into the business. They provided me with invaluable counseling and education.Andrew Finney