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Betcher Chiropractic

Company Summary

Betcher Chiropractic has been established as an Oregon L.L.C. in 2003.

2.1 Company Ownership

Tarri Betcher D.C. has a majority ownership interest in Betcher Chiropractic.

2.2 Start-up Summary

Please see the following start-up chart and table for a detailed breakdown of the various expenses. Tarri brings $2,500 of already existing equipment.

The following equipment are needed for start up.

  • One drop style adjusting table.
  • One ultra sound/high volt physical therapy machine.
  • Computer software including DSL connection, QuickBooks Pro, and Microsoft Office.
  • Filing cabinet.
  • Two phone lines with answering machine and fax machine.
  • Copy machine.
  • Reception area furniture and decorations.

Existing equipment:

  • Two adjusting tables (one bench style and one portable).
  • Computer system with printer.
  • Desk.
  • Activator chiropractic instrument.
  • Welch Allyn oto-opthomoscope.
  • Lettmann stethoscope.
  • Tyco blood pressure instrument with all cuffs.
  • Chiropractic and medical health care library.
Chiropractic business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $21,500
Start-up Assets to Fund $58,500
Total Funding Required $80,000
Non-cash Assets from Start-up $17,500
Cash Requirements from Start-up $41,000
Additional Cash Raised $0
Cash Balance on Starting Date $41,000
Total Assets $58,500
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $20,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $20,000
Planned Investment
Investor 1 $40,000
Investor 2 $20,000
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($21,500)
Total Capital $38,500
Total Capital and Liabilities $58,500
Total Funding $80,000
Start-up Expenses
Legal $300
Advertising $2,000
Stationery etc. $200
Brochures $150
Consultants $150
Insurance $800
Rent deposit and 1st and last months rent $2,700
Rent for six months $7,200
Leasehold improvements $5,000
Expensed equipment $2,000
Other $1,000
Total Start-up Expenses $21,500
Start-up Assets
Cash Required $41,000
Other Current Assets $2,500
Long-term Assets $15,000
Total Assets $58,500
Total Requirements $80,000