Park Square Family Medicine

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Family Medicine Clinic Business Plan

Company Summary

Park Square Family Medicine will offer general and preventative health care for all ages in this area and the surrounding communities. The clinic will utilize a trained staff, new equipment, sound medical training, a referral system and nearby hospital facilities in order to maximize the care for each patient.

Location and Facilities

The start-up requirements include purchase of a building for use by the clinic. The building was built in 1931 and has undergone a complete remodeling.  The total office space will be approximately 1,158 sq. feet and the lot size is 115.5' x 66'.  There is also a storage shed which is 10 x 12 ft.  The office is located just off the main street and the office has blacktop parking for eight cars plus a generous carport, as well as a wide driveway entrance for patient convenience.

Company Ownership

Park Square Family Medicine will be created as a sole proprietorship owned and operated by Dr. Nathan Detroit, MD.

Start-up Summary

It is estimated that start-up expenses will near $23,000. This amount of money will be used to purchase office equipment, medical supplies, furniture, stationary, and other start-up expenses. We will also need approximately $10,000 for cash on hand at start-up. Expenses and initial cash requirements will be funded by General Medical Center.

Our long-term assets of $225,000 represent the purchase price of the building described above. Dr. Detroit will finance this purchase with a 15-year loan, guaranteed by his personal assets.

Start-up Expenses
Legal & Accounting $500
Insurance $1,000
Marketing $2,000
Computer $3,000
Business License $32
Communications $150
Medical Equipment $7,000
Office Supplies $4,000
Office Furniture $2,000
Marketing Plan $3,000
Regulatory Duties/CLIA $50
Total Start-up Expenses $22,732
Start-up Assets
Cash Required $10,000
Other Current Assets $0
Long-term Assets $225,000
Total Assets $235,000
Total Requirements $257,732