Southwest Veterinary Clinic
Company Summary
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.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $2,000 |
| Stationery etc. | $1,000 |
| Medical/Surgical Equipment | $40,000 |
| Lab Equipment | $30,000 |
| Insurance | $2,000 |
| Rent | $3,000 |
| Clerical/Bookkeeping Setup | $2,000 |
| Kennel Equipment | $5,000 |
| Waiting Room/Examination Rooms Setup | $10,000 |
| Total Start-up Expenses | $95,000 |
| Start-up Assets | |
| Cash Required | $25,000 |
| Other Current Assets | $0 |
| Long-term Assets | $110,000 |
| Total Assets | $135,000 |
| Total Requirements | $230,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $95,000 |
| Start-up Assets to Fund | $135,000 |
| Total Funding Required | $230,000 |
| Assets | |
| 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 |
| Total Assets | $135,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $150,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $150,000 |
| Capital | |
| Planned Investment | |
| Michelle Johnson | $40,000 |
| Edward Anderson | $40,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $80,000 |
| Loss at Start-up (Start-up Expenses) | ($95,000) |
| Total Capital | ($15,000) |
| Total Capital and Liabilities | $135,000 |
| Total Funding | $230,000 |
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.
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