I. Executive Summary
This Section's Contents
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Business Overview
[Company Name] is a chiropractic practice located in [Location] that focuses on diagnosing and treating patients through general chiropractic care.
Products Served
The Company will provide the following chiropractic services to its patients:
- General chiropractic care
- Family chiropractic care
- Sports and rehabilitation chiropractic care
- Ancillary services (massage therapy, nutrition and orthotics retail, etc.)
Customer Focus
[Company Name] will serve the community of [company location]. The Company will primarily offer its products and services to
- Individuals who pay out of pocket
- Individuals with private insurance
- Workers’ comp and auto insurance claimants
Management Team
[Company Name] is led by [Founder’s name], who is a [State name]-licensed Chiropractor with xx years’ experience in the industry. While [Founder] has never run a chiropractic clinic himself, he has been a chiropractor for [x] years. During his early career in the chiropractic industry, he worked with the county’s busiest clinic, where he acquired an in-depth knowledge of the day-to-day responsibilities of running a chiropractic practice. Additionally, he enjoyed a mentorship under the clinic’s owner-chiropractor, learning how to manage and run a successful chiropractic practice before starting [Company name].
Success Factors
[Company Name] is qualified to succeed due to the following reasons:
- There is currently a high demand for Chiropractic care in the community. In addition, Dr. [founder] has built a strong client base, most of whom have indicated they will follow him to the new practice.
- There has been significant growth in the chiropractic industry over the past few years.
- The management team has a very warm approach and has a track record of success in the chiropractic industry.
- The chiropractic care market is expected to witness considerable growth due to the increasing prevalence of spine disorders and chronic pain.
Financial Highlights
[Company Name] is currently seeking $325,000 to launch its Chiropractic clinic. Specifically, these funds will be used as follows:
- Center design/build: $200,000
- Working capital: $125,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even
Top line projections over the next five years are as follows:
| Financial Summary | FY 1 | FY 2 | FY 3 | FY 4 | FY 5 |
|---|---|---|---|---|---|
| Revenue | $560,401 | $782,152 | $1,069,331 | $1,379,434 | $1,699,644 |
| Total Expenses | $328,233 | $391,429 | $552,149 | $696,577 | $776,687 |
| EBITDA | $232,168 | $390,722 | $517,182 | $682,858 | $922,956 |
| Depreciation | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| EBIT | $225,168 | $383,722 | $510,182 | $675,858 | $915,956 |
| Interest | $6,016 | $5,264 | $4,512 | $3,760 | $3,008 |
| Pre Tax Income | $219,152 | $378,458 | $505,670 | $672,098 | $912,948 |
| Income Tax Expense | $76,703 | $132,460 | $176,985 | $235,234 | $319,532 |
| Net Income | $142,449 | $245,998 | $328,686 | $436,864 | $593,416 |
| Net Profit Margin | 25% | 31% | 31% | 32% | 35% |
