Scan Lab

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Medical Scanning Lab Business Plan

Company Summary

Scan Lab has been formed as a Massachusetts corporation. It is solely owned by Carolyn Jones.

2.1 Start-up Summary

Scan Lab will need to purchase the necessary equipment for the clinic.

  • Office furniture for four exam rooms. This equipment will be purchased used in good condition. This will be done as a cost saving measure.
  • Receptionist office furniture and assorted waiting room furniture (this will also be purchased in good, used condition).
  • Three computers, one with QuickBooks Pro, all with Microsoft Office, a central laser printer and broadband Internet connection.
  • Medical scanning devices:
    • X-ray machine
    • Ultra sound unit
    • CAT scan imaging machine
    • MRI imaging machine 
Start-up Expenses
Legal $3,000
Stationery etc. $300
Brochures $300
Consultants $2,000
Insurance $3,000
Rent $2,000
Total Start-up Expenses $10,600
Start-up Assets
Cash Required $317,900
Other Current Assets $0
Long-term Assets $861,500
Total Assets $1,179,400
Total Requirements $1,190,000
Start-up Funding
Start-up Expenses to Fund $10,600
Start-up Assets to Fund $1,179,400
Total Funding Required $1,190,000
Non-cash Assets from Start-up $861,500
Cash Requirements from Start-up $317,900
Additional Cash Raised $0
Cash Balance on Starting Date $317,900
Total Assets $1,179,400
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $860,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $860,000
Planned Investment
Dr. Jones $180,000
Investor $150,000
Additional Investment Requirement $0
Total Planned Investment $330,000
Loss at Start-up (Start-up Expenses) ($10,600)
Total Capital $319,400
Total Capital and Liabilities $1,179,400
Total Funding $1,190,000

2.2 Company Ownership

Carolyn Jones is the sole stockholder of the Scan Lab corporation.