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Plan Outline
Family Medicine Clinic Business Plan
Park Square Family Medicine
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Physician salary | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Receptionist | 0% | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 | £1,500 |
| Medical Assistant | 0% | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 |
| Health Insurance | 0% | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 |
| Dental Insurance | 0% | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 |
| Vision Insurance | 0% | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 |
| Workman's Comp | 0% | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 |
| Total People | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
| Total Payroll | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | £0 | £0 | £4,000 | £6,000 | £9,000 | £12,000 | £14,000 | £16,000 | £18,000 | £21,000 | £24,000 | £24,000 | |
| Direct Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other Costs of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Gross Margin | £0 | £0 | £4,000 | £6,000 | £9,000 | £12,000 | £14,000 | £16,000 | £18,000 | £21,000 | £24,000 | £24,000 | |
| Gross Margin % | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | |
| Marketing/Promotion | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | |
| Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Payroll Taxes | 15% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Medical Supplies | £0 | £0 | £0 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | |
| Office Supplies | £0 | £0 | £0 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Printing | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| Other Professional Services | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | |
| Answering Service | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | |
| Telephone | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| Medical Waste | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| Repairs and Maintenance | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | |
| Janitorial Service | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | |
| Dues Books and Subscriptions | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | £83 | |
| Medical Billing | 15% | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 | £1,667 |
| Commercial Insurance | £292 | £292 | £292 | £292 | £292 | £292 | £292 | £292 | £292 | £292 | £292 | £292 | |
| Total Operating Expenses | £10,075 | £10,075 | £10,075 | £11,325 | £11,325 | £11,325 | £11,325 | £11,325 | £11,325 | £11,325 | £11,325 | £11,325 | |
| Profit Before Interest and Taxes | (£10,075) | (£10,075) | (£6,075) | (£5,325) | (£2,325) | £675 | £2,675 | £4,675 | £6,675 | £9,675 | £12,675 | £12,675 | |
| EBITDA | (£10,075) | (£10,075) | (£6,075) | (£5,325) | (£2,325) | £675 | £2,675 | £4,675 | £6,675 | £9,675 | £12,675 | £12,675 | |
| Interest Expense | £1,854 | £1,833 | £1,813 | £1,792 | £1,771 | £1,750 | £1,729 | £1,708 | £1,688 | £1,667 | £1,646 | £1,625 | |
| Taxes Incurred | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Net Profit | (£11,929) | (£11,908) | (£7,888) | (£7,117) | (£4,096) | (£1,075) | £946 | £2,967 | £4,987 | £8,008 | £11,029 | £11,050 | |
| Net Profit/Sales | 0.00% | 0.00% | -197.19% | -118.61% | -45.51% | -8.96% | 6.76% | 18.54% | 27.71% | 38.13% | 45.95% | 46.04% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | £0 | £0 | £400 | £600 | £900 | £1,200 | £1,400 | £1,600 | £1,800 | £2,100 | £2,400 | £2,400 | |
| Cash from Receivables | £0 | £0 | £0 | £0 | £120 | £3,660 | £5,490 | £8,190 | £10,860 | £12,660 | £14,460 | £16,290 | |
| Subtotal Cash from Operations | £0 | £0 | £400 | £600 | £1,020 | £4,860 | £6,890 | £9,790 | £12,660 | £14,760 | £16,860 | £18,690 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| New Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Other Liabilities (interest-free) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Investment Received | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | £24,000 | |
| Subtotal Cash Received | £24,000 | £24,000 | £24,400 | £24,600 | £25,020 | £28,860 | £30,890 | £33,790 | £36,660 | £38,760 | £40,860 | £42,690 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | £3,950 | |
| Bill Payments | £266 | £7,978 | £7,958 | £7,978 | £9,166 | £9,145 | £9,124 | £9,103 | £9,083 | £9,062 | £9,041 | £9,020 | |
| Subtotal Spent on Operations | £4,216 | £11,928 | £11,908 | £11,928 | £13,116 | £13,095 | £13,074 | £13,053 | £13,033 | £13,012 | £12,991 | £12,970 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Principal Repayment of Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Dividends | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Spent | £6,716 | £14,428 | £14,408 | £14,428 | £15,616 | £15,595 | £15,574 | £15,553 | £15,533 | £15,512 | £15,491 | £15,470 | |
| Net Cash Flow | £17,284 | £9,572 | £9,992 | £10,172 | £9,404 | £13,265 | £15,316 | £18,237 | £21,127 | £23,248 | £25,369 | £27,220 | |
| Cash Balance | £27,284 | £36,856 | £46,848 | £57,019 | £66,423 | £79,688 | £95,004 | £113,241 | £134,368 | £157,616 | £182,985 | £210,205 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £10,000 | £27,284 | £36,856 | £46,848 | £57,019 | £66,423 | £79,688 | £95,004 | £113,241 | £134,368 | £157,616 | £182,985 | £210,205 |
| Accounts Receivable | £0 | £0 | £0 | £3,600 | £9,000 | £16,980 | £24,120 | £31,230 | £37,440 | £42,780 | £49,020 | £56,160 | £61,470 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £10,000 | £27,284 | £36,856 | £50,448 | £66,019 | £83,403 | £103,808 | £126,234 | £150,681 | £177,148 | £206,636 | £239,145 | £271,675 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 |
| Accumulated Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Long-term Assets | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 | £225,000 |
| Total Assets | £235,000 | £252,284 | £261,856 | £275,448 | £291,019 | £308,403 | £328,808 | £351,234 | £375,681 | £402,148 | £431,636 | £464,145 | £496,675 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £0 | £7,713 | £7,693 | £7,673 | £8,861 | £8,841 | £8,821 | £8,801 | £8,781 | £8,760 | £8,740 | £8,720 | £8,700 |
| Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other Current Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Subtotal Current Liabilities | £0 | £7,713 | £7,693 | £7,673 | £8,861 | £8,841 | £8,821 | £8,801 | £8,781 | £8,760 | £8,740 | £8,720 | £8,700 |
| Long-term Liabilities | £225,000 | £222,500 | £220,000 | £217,500 | £215,000 | £212,500 | £210,000 | £207,500 | £205,000 | £202,500 | £200,000 | £197,500 | £195,000 |
| Total Liabilities | £225,000 | £230,213 | £227,693 | £225,173 | £223,861 | £221,341 | £218,821 | £216,301 | £213,781 | £211,260 | £208,740 | £206,220 | £203,700 |
| Paid-in Capital | £32,732 | £56,732 | £80,732 | £104,732 | £128,732 | £152,732 | £176,732 | £200,732 | £224,732 | £248,732 | £272,732 | £296,732 | £320,732 |
| Retained Earnings | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) | (£22,732) |
| Earnings | £0 | (£11,929) | (£23,838) | (£31,725) | (£38,842) | (£42,938) | (£44,013) | (£43,067) | (£40,100) | (£35,113) | (£27,104) | (£16,075) | (£5,025) |
| Total Capital | £10,000 | £22,071 | £34,162 | £50,275 | £67,158 | £87,062 | £109,987 | £134,933 | £161,900 | £190,887 | £222,896 | £257,925 | £292,975 |
| Total Liabilities and Capital | £235,000 | £252,284 | £261,856 | £275,448 | £291,019 | £308,403 | £328,808 | £351,234 | £375,681 | £402,148 | £431,636 | £464,145 | £496,675 |
| Net Worth | £10,000 | £22,071 | £34,162 | £50,275 | £67,158 | £87,062 | £109,987 | £134,933 | £161,900 | £190,887 | £222,896 | £257,925 | £292,975 |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Patient Care | 0% | £0 | £0 | £4,000 | £6,000 | £9,000 | £12,000 | £14,000 | £16,000 | £18,000 | £21,000 | £24,000 | £24,000 |
| Other | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Sales | £0 | £0 | £4,000 | £6,000 | £9,000 | £12,000 | £14,000 | £16,000 | £18,000 | £21,000 | £24,000 | £24,000 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Not applicable - see expenses | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Direct Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |