Advanced Chiropractic Clinic
Company Summary
The Advanced Chiropractic Clinic is a chiropractic practice started by Dr. Jamey Azzato in the newly opened clinic located at 252 North Michael Street, St. Mary’s, PA 15857.
The clinic will provide quality chiropractic services to people of all ages. The clinic will utilize new equipment and a trained staff, able to care for the individual needs of every patient that enters the clinic.
2.1 Company Ownership
The Advanced Chiropractic Clinic will be created as a Pennsylvania sole proprietorship based in Elk County, Pennsylvania owned and operated by Dr. Jamey Azzato.
2.2 Company Locations and Facilities
The clinic will be established in a new remodeled two story home located at 252 North Michael Street, St. Mary’s, PA 15857. The office will consist of a reception area with bathroom, xray suite, Dr. Azzato’s office, two treatment rooms and an exam room. Total office area will be approximately 1,000 square feet.
The office location is in close proximity to downtown St. Mary’s. The clinic will have new equipment, furniture, signage, and a large parking lot which is easily accessible from Oilwell Street. Patients may also park on North Michael Street. In addition, the office will be utilizing a high speed Internet server that will facilitate fast, secure electronic billing and communication.
2.3 Start-up Summary
It is estimated that start-up costs will be $35,000. This amount of money will be used to remodel the clinic, purchase xray/chiropractic/office equipment, furniture, stationary, and other start-up expenses.
The start-up costs are to be financed partially by Dr. Azzato’s personal funds of $5,000 and a $30,000 small business loan. An additional amount of $15,000 will be requested in the form a line of credit to offset any business expenses that occur in the first six months of business until the clinic can sustain itself.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Remodeling | $10,000 |
| Chiropractic Xray Equipment | $10,000 |
| Chiropractic Tables | $5,200 |
| Other Chiropractic Equipment | $3,500 |
| Office Furniture (desks, PC, files, chairs) | $2,500 |
| Misc Expenses | $1,800 |
| Marketing Materials | $750 |
| Business Insurance | $750 |
| Stationery etc. | $250 |
| Legal/Accounting | $250 |
| Total Start-up Expenses | $35,000 |
| Start-up Assets | |
| Cash Required | $15,000 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $15,000 |
| Total Requirements | $50,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $35,000 |
| Start-up Assets to Fund | $15,000 |
| Total Funding Required | $50,000 |
| Assets | |
| Non-cash Assets from Start-up | $0 |
| Cash Requirements from Start-up | $15,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $15,000 |
| Total Assets | $15,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $30,000 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $15,000 |
| Total Liabilities | $45,000 |
| Capital | |
| Planned Investment | |
| Dr. Azzato | $5,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $5,000 |
| Loss at Start-up (Start-up Expenses) | ($35,000) |
| Total Capital | ($30,000) |
| Total Capital and Liabilities | $15,000 |
| Total Funding | $50,000 |
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