Park Square Family Medicine will offer general and preventative health care for all ages in this area and the surrounding communities. The clinic will utilize a trained staff, new equipment, sound medical training, a referral system and nearby hospital facilities in order to maximize the care for each patient.
Location and Facilities
The start-up requirements include purchase of a building for use by the clinic. The building was built in 1931 and has undergone a complete remodeling. The total office space will be approximately 1,158 sq. feet and the lot size is 115.5' x 66'. There is also a storage shed which is 10 x 12 ft. The office is located just off the main street and the office has blacktop parking for eight cars plus a generous carport, as well as a wide driveway entrance for patient convenience.
Park Square Family Medicine will be created as a sole proprietorship owned and operated by Dr. Nathan Detroit, MD.
It is estimated that start-up expenses will near £23,000. This amount of money will be used to purchase office equipment, medical supplies, furniture, stationary, and other start-up expenses. We will also need approximately £10,000 for cash on hand at start-up. Expenses and initial cash requirements will be funded by General Medical Center.
Our long-term assets of £225,000 represent the purchase price of the building described above. Dr. Detroit will finance this purchase with a 15-year loan, guaranteed by his personal assets.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal & Accounting | £500 |
| Insurance | £1,000 |
| Marketing | £2,000 |
| Computer | £3,000 |
| Business License | £32 |
| Communications | £150 |
| Medical Equipment | £7,000 |
| Office Supplies | £4,000 |
| Office Furniture | £2,000 |
| Marketing Plan | £3,000 |
| Regulatory Duties/CLIA | £50 |
| Total Start-up Expenses | £22,732 |
| Start-up Assets | |
| Cash Required | £10,000 |
| Other Current Assets | £0 |
| Long-term Assets | £225,000 |
| Total Assets | £235,000 |
| Total Requirements | £257,732 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal & Accounting | £500 |
| Insurance | £1,000 |
| Marketing | £2,000 |
| Computer | £3,000 |
| Business License | £32 |
| Communications | £150 |
| Medical Equipment | £7,000 |
| Office Supplies | £4,000 |
| Office Furniture | £2,000 |
| Marketing Plan | £3,000 |
| Regulatory Duties/CLIA | £50 |
| Total Start-up Expenses | £22,732 |
| Start-up Assets | |
| Cash Required | £10,000 |
| Other Current Assets | £0 |
| Long-term Assets | £225,000 |
| Total Assets | £235,000 |
| Total Requirements | £257,732 |