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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.
| Start-up Funding | |
| Start-up Expenses to Fund | $21,500 |
| Start-up Assets to Fund | $58,500 |
| Total Funding Required | $80,000 |
| Assets | |
| 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 | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $20,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $20,000 |
| Capital | |
| 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 | |
| Requirements | |
| 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 |