Sample Financial Plan
Section 1: Description of the Business
Primary Care Radiobiology Center (PCRC) is a forthcoming company aiming to solicit the required capital needed to set up a radiobiology center in New York in order to undertake its initial business operations. The target market comprises of mainly residents from the city of New York, which presents approximately 8 million target customers. Radiobiology is important to the medical community and the PCRC proposition serves to provide imaging services, CAT scanning, MRI and other radiological diagnosis services. The feasibility of the proposed business model for the PCR has been proven using strategic and market analysis and the proposed marketing plan.
Section 2: Financial requirements
Presently, PCRC requires approximately USD 3.2 million. The following table represents how the funds will be utilized.
Table 1: capital requirements
| Initial lease payments and deposits | 25000 |
| Working capital | 65000 |
| Leaseholds improvements | 25000 |
| Security deposits | 10000 |
| Opening supplies | 2500 |
| Company vehicle and Lease Deposits | 10000 |
| Marketing Budget | 20000 |
| miscellaneous | 10000 |
| Total costs for start up | 175 000 |
Financial information
Annual Sales
Estimated Sales (Y1) – $ 300 000
Annual net profit
Estimated profit (Y1) – $ 120 000
Monthly Break even analysis (in $)
| Year 1 | 1 |
2 |
3 |
| Monthly revenue | 40 693 | 52545 | 44462 |
| Yearly revenue | 488319 | 510540 | 533545 |
Strategies for acquiring finance
From the above analysis, the following are obtained:
- Competition is low
- Significant target market = 800000
- Healthcare oriented business are immune from instability in the economy
As such, Primary Care Radiobiology center officially requests the support of the banking establishment, investor, or venture capitalist to provide the necessary capital endorsement to start this business immediately.
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