Plan Outline
Get real P&L data for your plan!
We have complete profit and loss financial data from companies like Park Square Family Medicine.
SIC 8011 Health Services - Offices and clinics of medical doctors
*Reports start as low as $89
Family Medicine Clinic Business Plan
Park Square Family Medicine
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Physician salary | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receptionist | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Medical Assistant | 0% | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 | $1,800 |
| Health Insurance | 0% | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 |
| Dental Insurance | 0% | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 |
| Vision Insurance | 0% | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 |
| Workman's Comp | 0% | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 |
| Total People | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
| Total Payroll | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $0 | $4,000 | $6,000 | $9,000 | $12,000 | $14,000 | $16,000 | $18,000 | $21,000 | $24,000 | $24,000 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross Margin | $0 | $0 | $4,000 | $6,000 | $9,000 | $12,000 | $14,000 | $16,000 | $18,000 | $21,000 | $24,000 | $24,000 | |
| Gross Margin % | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | |
| Marketing/Promotion | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 15% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Medical Supplies | $0 | $0 | $0 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Office Supplies | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Printing | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | |
| Other Professional Services | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | |
| Answering Service | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Telephone | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | |
| Medical Waste | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | |
| Repairs and Maintenance | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
| Janitorial Service | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
| Dues Books and Subscriptions | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | $83 | |
| Medical Billing | 15% | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 | $1,667 |
| Commercial Insurance | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | $292 | |
| Total Operating Expenses | $10,075 | $10,075 | $10,075 | $11,325 | $11,325 | $11,325 | $11,325 | $11,325 | $11,325 | $11,325 | $11,325 | $11,325 | |
| Profit Before Interest and Taxes | ($10,075) | ($10,075) | ($6,075) | ($5,325) | ($2,325) | $675 | $2,675 | $4,675 | $6,675 | $9,675 | $12,675 | $12,675 | |
| EBITDA | ($10,075) | ($10,075) | ($6,075) | ($5,325) | ($2,325) | $675 | $2,675 | $4,675 | $6,675 | $9,675 | $12,675 | $12,675 | |
| Interest Expense | $1,854 | $1,833 | $1,813 | $1,792 | $1,771 | $1,750 | $1,729 | $1,708 | $1,688 | $1,667 | $1,646 | $1,625 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($11,929) | ($11,908) | ($7,888) | ($7,117) | ($4,096) | ($1,075) | $946 | $2,967 | $4,987 | $8,008 | $11,029 | $11,050 | |
| Net Profit/Sales | 0.00% | 0.00% | -197.19% | -118.61% | -45.51% | -8.96% | 6.76% | 18.54% | 27.71% | 38.13% | 45.95% | 46.04% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $0 | $400 | $600 | $900 | $1,200 | $1,400 | $1,600 | $1,800 | $2,100 | $2,400 | $2,400 | |
| Cash from Receivables | $0 | $0 | $0 | $0 | $120 | $3,660 | $5,490 | $8,190 | $10,860 | $12,660 | $14,460 | $16,290 | |
| Subtotal Cash from Operations | $0 | $0 | $400 | $600 | $1,020 | $4,860 | $6,890 | $9,790 | $12,660 | $14,760 | $16,860 | $18,690 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | $24,000 | |
| Subtotal Cash Received | $24,000 | $24,000 | $24,400 | $24,600 | $25,020 | $28,860 | $30,890 | $33,790 | $36,660 | $38,760 | $40,860 | $42,690 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | $3,950 | |
| Bill Payments | $266 | $7,978 | $7,958 | $7,978 | $9,166 | $9,145 | $9,124 | $9,103 | $9,083 | $9,062 | $9,041 | $9,020 | |
| Subtotal Spent on Operations | $4,216 | $11,928 | $11,908 | $11,928 | $13,116 | $13,095 | $13,074 | $13,053 | $13,033 | $13,012 | $12,991 | $12,970 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $6,716 | $14,428 | $14,408 | $14,428 | $15,616 | $15,595 | $15,574 | $15,553 | $15,533 | $15,512 | $15,491 | $15,470 | |
| Net Cash Flow | $17,284 | $9,572 | $9,992 | $10,172 | $9,404 | $13,265 | $15,316 | $18,237 | $21,127 | $23,248 | $25,369 | $27,220 | |
| Cash Balance | $27,284 | $36,856 | $46,848 | $57,019 | $66,423 | $79,688 | $95,004 | $113,241 | $134,368 | $157,616 | $182,985 | $210,205 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $10,000 | $27,284 | $36,856 | $46,848 | $57,019 | $66,423 | $79,688 | $95,004 | $113,241 | $134,368 | $157,616 | $182,985 | $210,205 |
| Accounts Receivable | $0 | $0 | $0 | $3,600 | $9,000 | $16,980 | $24,120 | $31,230 | $37,440 | $42,780 | $49,020 | $56,160 | $61,470 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $10,000 | $27,284 | $36,856 | $50,448 | $66,019 | $83,403 | $103,808 | $126,234 | $150,681 | $177,148 | $206,636 | $239,145 | $271,675 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 | $225,000 |
| Total Assets | $235,000 | $252,284 | $261,856 | $275,448 | $291,019 | $308,403 | $328,808 | $351,234 | $375,681 | $402,148 | $431,636 | $464,145 | $496,675 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $7,713 | $7,693 | $7,673 | $8,861 | $8,841 | $8,821 | $8,801 | $8,781 | $8,760 | $8,740 | $8,720 | $8,700 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $7,713 | $7,693 | $7,673 | $8,861 | $8,841 | $8,821 | $8,801 | $8,781 | $8,760 | $8,740 | $8,720 | $8,700 |
| Long-term Liabilities | $225,000 | $222,500 | $220,000 | $217,500 | $215,000 | $212,500 | $210,000 | $207,500 | $205,000 | $202,500 | $200,000 | $197,500 | $195,000 |
| Total Liabilities | $225,000 | $230,213 | $227,693 | $225,173 | $223,861 | $221,341 | $218,821 | $216,301 | $213,781 | $211,260 | $208,740 | $206,220 | $203,700 |
| Paid-in Capital | $32,732 | $56,732 | $80,732 | $104,732 | $128,732 | $152,732 | $176,732 | $200,732 | $224,732 | $248,732 | $272,732 | $296,732 | $320,732 |
| Retained Earnings | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) | ($22,732) |
| Earnings | $0 | ($11,929) | ($23,838) | ($31,725) | ($38,842) | ($42,938) | ($44,013) | ($43,067) | ($40,100) | ($35,113) | ($27,104) | ($16,075) | ($5,025) |
| Total Capital | $10,000 | $22,071 | $34,162 | $50,275 | $67,158 | $87,062 | $109,987 | $134,933 | $161,900 | $190,887 | $222,896 | $257,925 | $292,975 |
| Total Liabilities and Capital | $235,000 | $252,284 | $261,856 | $275,448 | $291,019 | $308,403 | $328,808 | $351,234 | $375,681 | $402,148 | $431,636 | $464,145 | $496,675 |
| Net Worth | $10,000 | $22,071 | $34,162 | $50,275 | $67,158 | $87,062 | $109,987 | $134,933 | $161,900 | $190,887 | $222,896 | $257,925 | $292,975 |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Patient Care | 0% | $0 | $0 | $4,000 | $6,000 | $9,000 | $12,000 | $14,000 | $16,000 | $18,000 | $21,000 | $24,000 | $24,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Sales | $0 | $0 | $4,000 | $6,000 | $9,000 | $12,000 | $14,000 | $16,000 | $18,000 | $21,000 | $24,000 | $24,000 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Not applicable - see expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
