Brown's Chiropractic and Health and fitness Center Feasibility Analysis
Five Force Matrix
Importance (1 to 5) Threat to Industry (1 to 5) Weighted Credit score (Importance By Threat) Rivalry among businesses competing in the industry- 3*2=6
Bargaining power of suppliers inside the industry- 1*2=2
Bargaining benefits of buyers- 3*2=6
Threat of new entrants towards the industry- 2*4=8
Threat of substitute products- 4*4=16
With a score of 37, the market is very attractive to enter.
Brown's Chiropractic and Wellbeing Center will certainly purchase an existing practice intended for $150. 00. This will are the practice, gear, supplies and transition assistance. The average month-to-month overhead is approximately $9, five-hundred. Over the last 12 months, the practice has proportioned 13 patients per month and 520 month to month office visits. For the same 12 month period the practice averaged $13, 226. 00 in regular monthly collections. Return on investment (ROI)
$13, 226. 00 - $9, 00. 00 / $9, 500. 00 = 39% ROI
Will be customers ready to purchase the goods and services? Brown's Chiropractic and Wellness Center will provide competitive prices and better solutions then rival Chiropractors inside the area. Seeing that we are getting an existing practice, we currently have clientele.
Can we provide the product or service to customers for a profit? Brown's Chiropractic and Wellness Center can and will turn a profit in our providers. We have produced a a few year cash budget and also income assertion and stability sheets coming from previous owner.
Item Feasibility -В В§В We is going to test each of our products through several sales strategies to prove that our product is feasible. В Some of the sales strategies would be to form focus sets of friends, relatives, and neighborsВ Financial Feasibility В В§В Capital Requirements:
В§В Each of our estimated start up cost is $250, 000
oВ В Warehouse SpaceВ В В В В В В В В В В В В В В В В В $25, 500 oВ В EquipmentВ В В В В В В В В В В В В В В В В В В В В В В В В В В В В В В В В $75, 000 oВ В Supplies/InventoryВ В В В В В В В В В В В В В В В $75, 500 oВ В...
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