Grants That Support Affordable Community
Veterinary Care Clinics

Here is a Projected Proforma for a clinic that we would help fund with a grant. Of the $650,000 total necessary capital to open a clinic, the start-up organization would be responsible for $430,000 and the Boca Fund would provide a grant of $220,000.

Organization: Must be a nonprofit organization.

Type: Leasehold with rent no more than $4,500 per month with first 6 months free during buildout.

Profile: 2,200 to 2,500 sq. ft.

Location: Underserved Area with easy access and parking, zoned for veterinary clinic.

Exam Rooms: 3

Startup Costs (facility, equipment, inventory): $200 sq. ft. = $500,000

Startup Working Capital until Break Even 6 Month minimum staff (salaries, advertising, rent, insurance, and utilities): $150,000

Capital Expense Total: $650,000

Projected Revenue after Break Even: $1,500,000

Steps to Opening Day

Business Plan
Location
Services offered?
Prices
The share of revenue generated by profit centers at a practice, broken down by average percentages, are as follows:
     23.5% examinations and consultations Diagnostic Services Revenue
     13.6% pharmacy sales
     12.2% laboratory (in-house or outside provider)
     12% vaccinations
     11.9% surgery and anesthesia
     7% imaging
     6.3% dentistry
     4% other
Facility Expenses: Typically account for 11% (rent, mortgage, property taxes, and maintenance costs for any brick-and-mortar buildings. This category also includes the costs of running and maintaining, business-related phone and internet bills, and building and equipment insurance premiums.

Office expense 6% (marketing and advertising, CC expense, banks, postage, printing, costs of paying accountants, payroll companies, and legal counsel, computer office supplies. Labor expense is typically 43%. About two-thirds of labor costs are spent on wages, which include paying support staff members as well as veterinary professionals. The remainder of labor costs go to various government-mandated taxes and employee benefits, payroll taxes, including Social Security, Medicare, state and federal unemployment insurance, workers’ compensation premiums, and other mandatory insurance programs. Continuing education, dues, licenses, uniforms, etc. are also included.
Depreciation Expense: 5% to 10%

Administrative Setup
Step 1 – Hire a Lawyer
Step 2 – Forming a nonprofit
Step 3 – Acquiring a web domain name
Step 4 – Registering with the IRS for a tax ID number
Step 5 – Setting up a business bank account & credit cards
Step 6 – Hire an Accountant Set up an Accounting System and Chart of Accounts (see AHAA)
Step 7 – Sourcing suppliers distributors, permits and licenses
Step 8 – Get veterinary insurance
Step 9 – Purchasing decisions – Software (PMS), Devices (Computers, iPads & Tablets), Diagnostics, X-Ray & Ultrasound, Printers and Label Machines, Credit Card Terminals, Phone Lines, Controlled Drug Storage & Accounting, Prescription Management & Dispensation, Distributor and Supplier Accounts, Reference Laboratory Accounts, Website
Step 10 – Client Acquisition: Establish your Brand (Logo, Marketing, Advertising, Promotions) Clients Mailing List
Step 11: Staffing: Hire you’re A-Team
Step 12: Nonprofit Fundraising

If you are interested and qualify please contact us at info@bocafund.com.