Does anyone have some good numbers to help estimate the first year start up costs of a veterinary clinic?

Question

Does anyone have some good numbers to help estimate the first year start up costs of a veterinary clinic?

Answer 1

Start-up costs

A. Acquisition price

B. First-year payment

Leasehold improvements

A. $80,000

B. $14,100

Equipment and furniture

A. $80,000

B. $18,700

Drugs and hospital supplies

A. $8,000

B. $1,900

Office supplies

A. $3,000

B. $700

Promotion

A. $10,000

B. $2,300

Total start-up costs (1)

A. $181,000

B. $37,700

Operating expenses

Variable expenses: $52,000

Fixed expenses: $45,000

Staff compensation: $40,800

Rent (1,600 square feet at $15 per square foot): $24,000

Total operating expenses: $161,800

Owner compensation: $50,000

Total first-year costs: $249,500