Veterinary Clinic Business Plan
You’ve come to the right place to create your Veterinary Clinic business plan.
We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Veterinary Clinics.
Below is a veterinary business plan template example to help you create a plan for your own Vet Practice.
Executive Summary
Business Overview
Northeast Veterinary Clinic is a startup veterinary practice located in Stamford, Connecticut. The company is founded by Anthony Anderson, a veterinarian who has extensive experience as a veterinarian at a large clinic in the city of Brooklyn, New York. During the ten years of his employment, Anthony provided his services to household animals, developing expertise in maternity care, birthing, and after-birth care of dogs and cats. Because of this expertise, Anthony is considered the most experienced veterinarian in the northeast in the management of prenatal, birthing and post-natal care of dogs and cats. He leads a social media group that discusses issues and solutions for the owners and caregivers of dogs and cats in maternity and birthing questions and answers and has collected over 10,000 followers of his blogs and podcasts.
Northeast Veterinary Clinic will provide a comprehensive array of services to household pets, including dogs, cats, birds, and other domesticated animals and their owners who need the best care for their animals. Northeast Veterinary Clinic will be a one-stop shop for all care needs, such as: dental care, wellness visits, weight control, aging issues, vaccinations, travel medications and customs declarations, general medicine and surgical care, specialized maternity, birthing and post-natal care, along with boarding care while owners are absent.
Product Offering
The following are the services that the Northeast Veterinary will provide:
- Surgical services
- General medicine
- Dentistry
- Prenatal, birthing, and maternity services
- Wellness care and health management
- Boarding services for cats, dogs, birds and domesticated animals
Customer Focus
Northeast Veterinary Clinic will target the owners of household animals. In addition, they will target the owners of pets who work in nearby corporate centers. They will target animal owners who need specialty assistance with dogs or cats in prenatal, birthing or post-natal care. The clinic will also provide boarding services to owners within the geographical region. No matter the animal needs, Northeast Veterinary will provide the best care and comfort for every animal, to the best of their abilities, and with the added benefit of reasonable rates.
Management Team
Northeast Veterinary Clinic will be owned and operated by Anthony Anderson. He has invited two veterinarians to join him in this startup, along with his longtime administrative assistant, who will help with the startup and general oversight of the new business.
Anthony Anderson graduated as a Doctor of Veterinary Services from the University of Connecticut. For ten years, he was employed by Eastside Veterinary Clinic in Brooklyn, New York, where he refined his practice and gained expertise and a following as a specialist in prenatal, birthing, and post-natal care for dogs and cats. He garnered several patients during this time and has been assured by the owners of his patients that they are ready to follow him as he opens his own practice.
Success Factors
Northeast Veterinary Clinic will be able to achieve success by offering the following competitive advantages:
- Friendly, knowledgeable, and highly qualified team of veterinarians and staff members
- Comprehensive menu of services for domestic animals.
- Northeast Veterinary offers the best pricing in Stamford, Connecticut. Their pricing structure is the most cost effective compared to the competition.
Download the Veterinary Clinic business plan template (including a customizable financial model) to your computer here <–
Financial Highlights
Northeast Veterinary is seeking $200,000 in debt financing to launch its veterinarian services. The funding will be dedicated toward securing the office space and purchasing medical equipment and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and website development. The breakout of the funding is below:
- Office space build-out: $20,000
- Office equipment, supplies, and materials: $10,000
- Three months of overhead expenses (payroll, rent, utilities): $150,000
- Marketing costs: $10,000
- Working capital: $10,000
The following graph below outlines the financial projections for the Northeast Veterinary Clinic.
Company Overview
Who is the Northeast Veterinary Clinic?
Northeast Veterinary Clinic is a newly established full-service veterinary practice in Stamford, Connecticut. Northeast Veterinary Clinic will be the most reliable, cost-effective, and efficient choice for household pets and their owners in Stamford, Connecticut and the surrounding communities. Northeast Veterinary will provide a comprehensive menu of veterinary and boarding services for any owner of pets and domesticated animals to utilize. Their full-service approach includes a comprehensive set of packages and plans for services, including dentistry and specialized maternity care.
Northeast Veterinary Clinic will be able to offer a wide array of veterinary services, including surgery, general medical care, vaccinations, maternity care, dentistry, wellness visits and boarding for pets whose owners are away. The team of professionals are highly qualified and experienced in veterinary medicine and the health and wellbeing of animals. Northeast Veterinary removes all headaches and issues of the pet owners and ensures all issues are taken care off expeditiously while delivering the best customer service for the precious pets.
Northeast Veterinary Clinic History
Northeast Veterinary Clinic is a startup veterinary practice located in Stamford, Connecticut. The company is founded by Anthony Anderson, a veterinarian who has extensive experience as a veterinarian at a large clinic in the city of Brooklyn, New York. During the ten years of his employment, Anthony provided his services to household animals, developing expertise in maternity care, birthing, and after-birth care of dogs and cats. Because of this expertise, Anthony is considered the most experienced veterinarian in the northeast in the management of prenatal, birthing and post-natal care of dogs and cats. He leads a social media group that discusses issues and solutions for the owners and caregivers of dogs and cats in maternity and birthing questions and answers and has collected over 10,000 followers of his blogs and podcasts.
Since incorporation, the company has achieved the following milestones:
- Registered Northeast Veterinary Clinic, LLC to transact business in the state of Connecticut.
- Has a contract in place for 10,000 square feet of office space.
- Reached out to numerous contacts to include Northeast Veterinary Clinic as providers of animal and pet care.
- Began recruiting a staff of employees.
Northeast Veterinary Clinic Services
The following will be the services the vet clinic will provide:
- Surgical services
- General medicine
- Dentistry
- Prenatal, birthing, and maternity services
- Wellness care and health management
- Boarding services for cats, dogs, birds and domesticated animals
Industry Analysis
The veterinarian medical industry is expected to grow over 5% during the next five years to over $148 million.
The growth will be driven by the number of pets and domestic animals being housed by owners, as the population of individuals increases.
As uncertain economic events or unforeseen changes occur in the world, individuals more often turn to animals, in particular pets, to provide comfort and a sense of stability in relationships. The care and concern for pets will continue to build as a natural outgrowth of that concern.
Costs will likely be reduced as supply chain issues from former years begin to abate and more technical advances are made. Both supply and product quality will increase, causing product costs to drop.
Download the Veterinary Clinic business plan template (including a customizable financial model) to your computer here <–
Customer Analysis
Demographic Profile of Target Market
Northeast Veterinary Clinic will target those pet owners in Stamford, Connecticut and the surrounding areas. They will target pet owners and corporate centers where pet owners work.
The precise demographics of the area are:
| Total | Percent | |
|---|---|---|
| Total population | 1,680,988 | 100% |
| Male | 838,675 | 49.9% |
| Female | 842,313 | 50.1% |
| 20 to 24 years | 114,872 | 6.8% |
| 25 to 34 years | 273,588 | 16.3% |
| 35 to 44 years | 235,946 | 14.0% |
| 45 to 54 years | 210,256 | 12.5% |
| 55 to 59 years | 105,057 | 6.2% |
| 60 to 64 years | 87,484 | 5.2% |
| 65 to 74 years | 116,878 | 7.0% |
| 75 to 84 years | 52,524 | 3.1% |
Customer Segmentation
Northeast Veterinary Clinic will primarily target the following customer profiles:
- Pet owners
- Pet caregivers
- Animal boarding services
- Veterinarians who need specialized services
Competitive Analysis
Direct and Indirect Competitors
Northeast Veterinary Clinic will face competition from other companies with similar business profiles. A description of each competitor company is below.
New York City Animal Urgent Care
The New York City Animal Urgent Care group is a drop-in service for owners who need animal care urgently. This usually entails cuts, broken bones, and other uncomplicated procedures outside of general anesthesia. In addition, dentistry may be added to the service roster. The New York City Animal Urgent Care group is one that caters to the New York City population, who normally have small dogs or cats. Many owners are upper class and have staff members to care for the animals. The New York City Animal Urgent Care group was formed in 2020 as a C-corporation, with several veterinarians combining to offer rotations of service in the lucrative urgent care business.
Brooklyn Veterinary/h4>
As the former employer of Anthony Anderson, Brooklyn Veterinary is a direct competitor. Services offered include general surgery, general medicine, wellness visits, vaccinations, medical prescriptions for travel and other special services for dogs and cats. Former owners of animals seen by Anderson may opt to continue using the Brooklyn Veterinary due to the proximity to their homes or offices instead of following Anderson to Stamford, Connecticut for treatment for their animals.
Brooklyn Veterinary was founded in 2008 by two veterinarians who graduated from University of New York with doctoral degrees in veterinary services. Emmanuel Golden and Benjamin Baker chose to work full-time in a residential area of the city of Brooklyn, focusing on animal care for domesticated animals. They do not offer maternity care for pets, opting instead to send the patients to Anthony Anderson for appropriate care.
Stamford Animal Care
Stamford Animal Care was established in 1979 by a father and son team of veterinarians. The company is a direct competitor to the Northeast Veterinary Clinic due to the services offered and the comprehensive level of care provided for household animals. The service also focuses on hawks, falcons and other raptors, involving the owners of the business in falconry as a sport and also as a service provided for falcons. Stamford Animal Care targets all population members, while offering valid services, does not advertise online when it comes time to check pricing.
The owners of Stamford Animal Care made the choice last year to join a chain of veterinary clinics across the U.S., to provide the highest-quality of care under the umbrella of many clinics from which to choose who are reliable.
Download the Veterinary Clinic business plan template (including a customizable financial model) to your computer here <–
Competitive Advantage
Northeast Veterinary Clinic will be able to offer the following advantages over their competition:
- Friendly, knowledgeable, and highly qualified team of veterinarians and staff members.
- Comprehensive menu of services for domestic pets and animals.
- Specialized services for dogs or cats with prenatal, birthing or post-natal needs.
- Boarding services for cats or dogs while owners are absent.
- Northeast Veterinary Clinic offers the best pricing in Stamford, Connecticut. Their pricing structure is the most cost effective compared to the competition.
Marketing Plan
Brand & Value Proposition
Northeast Veterinary Clinic will offer the unique value proposition to its clientele:
- Highly-qualified team of skilled veterinarians and employees that is able to provide a comprehensive set of package services and plans for animals.
- Specialized services for prenatal, birthing, and post-natal care for dogs and cats.
- Unbeatable pricing for its clients; their packages offer the most cost-efficient structure for pricing in Stamford, Connecticut.
Promotions Strategy
The promotions strategy for Northeast Veterinary Clinic is as follows:
Word of Mouth/Referrals
Northeast Veterinary Clinic has built up an extensive list of contacts over the years by providing exceptional service and expertise to their clients. Those clients have indicated their satisfaction over the prior relationship, so they’ve decided to follow Anthony Anderson by bringing their animals to the new location and trust in the service Northeast Veterinary Clinic will provide. Although most of the former staff cannot follow Anthony to the new Northeast Veterinary Clinic, they have promised to send any questionable pregnancy cases to him at his new location, as well.
Professional Associations and Networking
The veterinarians at Northeast Veterinary Clinic, Anthony Anderson, Kyle Ericksson, and Melissa Morris, are all members of the National Association of Veterinarians and have spent some months networking with other members of this organization. In addition, the local Stamford, Connecticut Chamber of Commerce is active and has welcomed the three individuals into the local community, as well.
Print Advertising
All residents within a twenty-mile radius of the new Northeast Veterinary Clinic will receive a direct mail piece introducing them to the clinic and offering discounted pricing on certain treatments and wellness visits. This discount will extend for the first three months of business.
Website/SEO Marketing
Northeast Veterinary Clinic will utilize their administrative staff to oversee their website. The website will be well-organized, informative, and list all the services that Northeast Veterinary Clinic is able to provide. The website will also list their contact information and list their available services and plans with pricing attached to each for transparency to clients. The staff will also manage the website presence with SEO marketing tactics so that anytime someone types in the Google or Bing search engine “Stamford veterinarian clinic” or “veterinarian near me”, Northeast Veterinary Clinic will be listed at the top of the search results.
Pricing
The pricing of Northeast Veterinary Clinic will be moderate and on par with competitors so customers feel they receive value when purchasing their services.
Operations Plan
The following will be the operations plan for Northeast Veterinary Clinic.
Operation Functions:
- Anthony Anderson will be the Owner and President of the company. He will oversee all staff and manage client relations. Anthony has spent the past year recruiting the following staff:
- Kyle Ericksson will continue to act as a veterinarian and will handle the oversight of Operations, in addition.
- Melissa Morris, will continue to act as a veterinarian and take on the position of Office Manager, who will manage the office administration, client files, and accounts payable.
Download the Veterinary Clinic business plan template (including a customizable financial model) to your computer here <–
Milestones:
Northeast Veterinary Clinic will have the following milestones complete in the next six months.
- 5/1/202X – Finalize contract to lease office space
- 5/15/202X – Finalize personnel and staff employment contracts for the Northeast Veterinary Clinic
- 6/1/202X – Finalize contracts for Northeast Veterinary Clinic clients
- 6/15/202X – Begin networking at industry events
- 6/22/202X – Begin moving into Northeast Veterinary Clinic office
- 7/1/202X – Northeast Veterinary Clinic opens its office for business
Management Team
Northeast Veterinary Clinic will be owned and operated by Anthony Anderson. He recruited his former associates, Kyle Ericksson, a veterinarian friend, to be his Northeast Veterinary Clinic Operations manager and assist as needed. Also recruited was Melissa Morris, a veterinarian who worked alongside Anthony in their prior employment. She will act as a veterinarian and adopt the role of Office Manager in order to secure that position.
Anthony Anderson graduated as a Doctor of Veterinary Services from the University of Connecticut. For ten years, he was employed by Eastside Veterinary Clinic in Brooklyn, New York, where he refined his practice and gained expertise and a following as a specialist in prenatal, birthing, and post-natal care for dogs and cats. He garnered several patients during this time and has been assured by the owners of his patients that they are ready to follow him as he opens his own practice.
Financial Plan
Key Revenue & Costs
The revenue drivers for Northeast Veterinary Clinic are the Northeast Veterinary Clinic fees they will charge to the Northeast Veterinary Clinic for their services. .
The cost drivers will be the overhead costs required in order to Northeast Veterinary Clinic. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.
Funding Requirements and Use of Funds
Northeast Veterinary Clinic is seeking $200,000 in debt financing to launch its property management business. The funding will be dedicated towards securing the surgical and examination space and purchasing office equipment and supplies. Funding will also be dedicated towards three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and association memberships. The breakout of the funding is below:
- Office space build-out: $20,000
- Office equipment, supplies, and materials: $10,000
- Three months of overhead expenses (payroll, rent, utilities): $150,000
- Marketing costs: $10,000
- Working capital: $10,000
Download the Veterinary Clinic business plan template (including a customizable financial model) to your computer here <–
Key Assumptions
The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.
- Number of Pet Patients Per Month: 300
- Average Fees per Month: $65,000
- Office Lease per Year: $100,000
Financial Projections
Income Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Total Revenues | $360,000 | $793,728 | $875,006 | $964,606 | $1,063,382 | |
| Expenses & Costs | ||||||
| Cost of goods sold | $64,800 | $142,871 | $157,501 | $173,629 | $191,409 | |
| Lease | $50,000 | $51,250 | $52,531 | $53,845 | $55,191 | |
| Marketing | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
| Salaries | $157,015 | $214,030 | $235,968 | $247,766 | $260,155 | |
| Initial expenditure | $10,000 | $0 | $0 | $0 | $0 | |
| Total Expenses & Costs | $291,815 | $416,151 | $454,000 | $483,240 | $514,754 | |
| EBITDA | $68,185 | $377,577 | $421,005 | $481,366 | $548,628 | |
| Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
| EBIT | $41,025 | $350,417 | $393,845 | $454,206 | $521,468 | |
| Interest | $23,462 | $20,529 | $17,596 | $14,664 | $11,731 | |
| PRETAX INCOME | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
| Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Taxable Income | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
| Income Tax Expense | $6,147 | $115,461 | $131,687 | $153,840 | $178,408 | |
| NET INCOME | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 |
Balance Sheet
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 | |
| Accounts receivable | $0 | $0 | $0 | $0 | $0 | |
| Inventory | $30,000 | $33,072 | $36,459 | $40,192 | $44,308 | |
| Total Current Assets | $184,257 | $381,832 | $609,654 | $878,742 | $1,193,594 | |
| Fixed assets | $180,950 | $180,950 | $180,950 | $180,950 | $180,950 | |
| Depreciation | $27,160 | $54,320 | $81,480 | $108,640 | $135,800 | |
| Net fixed assets | $153,790 | $126,630 | $99,470 | $72,310 | $45,150 | |
| TOTAL ASSETS | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 | |
| LIABILITIES & EQUITY | ||||||
| Debt | $315,831 | $270,713 | $225,594 | $180,475 | $135,356 | |
| Accounts payable | $10,800 | $11,906 | $13,125 | $14,469 | $15,951 | |
| Total Liability | $326,631 | $282,618 | $238,719 | $194,944 | $151,307 | |
| Share Capital | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
| Total Equity | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
| TOTAL LIABILITIES & EQUITY | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 |
Cash Flow Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| CASH FLOW FROM OPERATIONS | ||||||
| Net Income (Loss) | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 | |
| Change in working capital | ($19,200) | ($1,966) | ($2,167) | ($2,389) | ($2,634) | |
| Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
| Net Cash Flow from Operations | $19,376 | $239,621 | $269,554 | $310,473 | $355,855 | |
| CASH FLOW FROM INVESTMENTS | ||||||
| Investment | ($180,950) | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Investments | ($180,950) | $0 | $0 | $0 | $0 | |
| CASH FLOW FROM FINANCING | ||||||
| Cash from equity | $0 | $0 | $0 | $0 | $0 | |
| Cash from debt | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
| Net Cash Flow from Financing | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
| Net Cash Flow | $154,257 | $194,502 | $224,436 | $265,355 | $310,736 | |
| Cash at Beginning of Period | $0 | $154,257 | $348,760 | $573,195 | $838,550 | |
| Cash at End of Period | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 |
Veterinary Clinic Business Plan FAQs
What Is a Veterinary Clinic Business Plan?
A veterinary clinic business plan is a plan to start and/or grow your veterinary clinic business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
What are the Main Types of Veterinary Clinic Businesses?
There are a number of different kinds of veterinary clinic businesses, some examples include: Small Animal Practice, Large Animal Practice, and Emergency Veterinary Clinic.
How Do You Get Funding for Your Veterinary Clinic Business Plan?
Veterinary Clinic businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.
What are the Steps To Start a Veterinary Clinic Business?
Starting a veterinary clinic business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.
1. Develop A Veterinary Clinic Business Plan - The first step in starting a business is to create a detailed veterinary clinic business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your veterinary clinic business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your veterinary clinic business is in compliance with local laws.
3. Register Your Veterinary Clinic Business - Once you have chosen a legal structure, the next step is to register your veterinary clinic business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.
4. Identify Financing Options - It’s likely that you’ll need some capital to start your veterinary clinic business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.
5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.
6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.
7. Acquire Necessary Veterinary Clinic Equipment & Supplies - In order to start your veterinary clinic business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.
8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your veterinary clinic business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.