Kobayashi Medical Practice Business Plan - Business Plans Hawaii

Kobayashi Medical Practice
Profit & Loss
Year 3
21 21 22 21 22 20 20 21 20 22 21 22
30.0 31.0 31.0 30.0 31.0 30.0 31.0 31.0 28.0 31.0 30.0 31.0 (Holidays: 5)
Revenues June July August September October November December January February March April May Total
Patients $32,814 $33,370 $35,542 $34,483 $36,707 $33,900 $34,430 $36,707 $35,489 $40,203 $38,376 $40,786 $432,808 25.0%
Insurance $98,442 $100,111 $106,626 $103,448 $110,122 $101,700 $103,289 $110,122 $106,467 $120,610 $115,128 $122,358 $1,298,423 75.0%
Total Revenues $131,257 $133,481 $142,168 $137,931 $146,829 $135,600 $137,719 $146,829 $141,956 $160,813 $153,503 $163,144 $1,731,231 100.0%
$105,005 $106,785 $113,735 $110,345 $117,464 $108,480 $110,175 $117,464 $113,565 $128,651 $122,803 $130,515
Expenses $105,005 $1,780 $6,950 ($3,390) $7,119 ($8,984) $1,695 $7,289 ($3,899) $15,086 ($5,848) $7,712 $130,515
Bank Loan $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $3,005 $36,063 2.1%
Business Supplies $368 $368 $368 $368 $368 $368 $368 $368 $368 $368 $368 $368 $4,410 0.3%
Cable / Website / Software $275 $275 $275 $275 $275 $275 $275 $275 $275 $275 $275 $275 $3,300 0.2%
Clinical Supplies $4,594 $4,672 $4,976 $4,828 $5,139 $4,746 $4,820 $5,139 $4,968 $5,628 $5,373 $5,710 $60,593 3.5%
Continuing Education $183 $183 $183 $183 $183 $183 $183 $183 $183 $183 $183 $183 $2,200 0.1%
Depreciation $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $1,935 $23,221 1.3%
Dues & Subscriptions $171 $171 $171 $171 $171 $171 $171 $171 $171 $171 $171 $171 $2,057 0.1%
Electricity $605 $605 $605 $605 $605 $605 $605 $605 $605 $605 $605 $605 $7,260 0.4%
Employee Salaries $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $18,425 $221,096 12.8%
General Excise Tax $5,907 $6,007 $6,398 $6,207 $6,607 $6,102 $6,197 $6,607 $6,388 $7,237 $6,908 $7,341 $77,905 4.5%
Insurance, GL $229 $229 $229 $229 $229 $229 $229 $229 $229 $229 $229 $229 $2,750 0.2%
Insurance, Malpractice $732 $732 $732 $732 $732 $732 $732 $732 $732 $732 $732 $732 $8,782 0.5%
Insurance, Health $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $2,940 $35,280 2.0%
Laundry Service $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800 0.3%
Meals & Entertainment $420 $420 $420 $420 $420 $420 $420 $420 $420 $420 $420 $420 $5,040 0.3%
Merchant Account $410 $417 $444 $431 $459 $424 $430 $459 $444 $503 $480 $510 $5,410 0.3%
Miscellaneous $1,313 $1,335 $1,422 $1,379 $1,468 $1,356 $1,377 $1,468 $1,420 $1,608 $1,535 $1,631 $17,312 1.0%
Officer Salary $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $16,667 $200,000 11.6%
Professional Services $688 $688 $688 $688 $688 $688 $688 $688 $688 $688 $688 $688 $8,250 0.5%
Promotions / Advertising $1,575 $1,802 $1,919 $1,862 $1,982 $1,831 $1,859 $1,982 $1,916 $2,171 $2,072 $2,202 $23,175 1.3%
Rent $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $3,939 $47,271 2.7%
Repair & Maintenance $165 $165 $165 $165 $165 $165 $165 $165 $165 $165 $165 $165 $1,980 0.1%
Salary Taxes $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $3,509 $42,110 2.4%
Telecommunications $385 $385 $385 $385 $385 $385 $385 $385 $385 $385 $385 $385 $4,620 0.3%
Total Expenses $68,839 $69,273 $70,199 $69,748 $70,696 $69,499 $69,725 $70,696 $70,177 $72,188 $71,408 $72,436 $844,885 48.8%
Net Profit Before Taxes $62,417 $64,208 $71,969 $68,183 $76,133 $66,101 $67,994 $76,133 $71,779 $88,626 $82,095 $90,708 $886,345 51.2%
Estimated State Taxes $2,746 $2,825 $3,167 $3,000 $3,350 $2,908 $2,992 $3,350 $3,158 $3,900 $3,612 $3,991 $56,726 3.3%
Estimated Federal Taxes $9,363 $9,631 $10,795 $10,227 $11,420 $9,915 $10,199 $11,420 $10,767 $13,294 $12,314 $13,606 $301,357 17.4%
Net Profit $50,308 $51,752 $58,007 $54,955 $61,363 $53,277 $54,803 $61,363 $57,854 $71,432 $66,169 $73,110 $528,262 30.5%
a/p $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085 $2,085
$2,085 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,085