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