Southwest Veterinary Clinic
The Southwest Veterinary Clinic will be located in southwest Richmond. The clinic will offer its customers the full range of medical services to the area’s pet owners.
2.1 Company Ownership
Edward Anderson, DVM, and Michelle Johnson, DVD, are co-owners of Southwest Veterinary Clinic.
2.2 Start-up Summary
Southwest Veterinary Clinic’s start-up costs consist of medical, surgical, and lab equipment. In addition, there will a $30,000 interior remodeling cost for the clinic. Edward Anderson and Michelle Johnson will invest $80,000. In addition, they will secure a $70,000 SBA loan.
|Waiting Room/Examination Rooms Setup||$10,000|
|Total Start-up Expenses||$95,000|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$95,000|
|Start-up Assets to Fund||$135,000|
|Total Funding Required||$230,000|
|Non-cash Assets from Start-up||$110,000|
|Cash Requirements from Start-up||$25,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$25,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$80,000|
|Loss at Start-up (Start-up Expenses)||($95,000)|
|Total Capital and Liabilities||$135,000|
2.3 Company Locations and Facilities
Southwest Veterinary Clinic will be located on the corner of 7th and Stewart, two of the busiest streets in southwest Richmond.