Do you want to start a methadone clinic and need to write a plan? If YES, here is a sample methadone clinic business plan template & FREE feasibility report.

If you are drawn towards helping people with one for or addiction or the other overcome their addiction challenges, then you are likely going to succeed when you open a methadone clinic in your city.

Please note that Methadone treatment is not a “quick fix” for treating opioid addiction. The National Institute on Drug Abuse (NIDA) notes that when it comes to methadone maintenance, 12 months is considered to be the minimum length of treatment, and for some patients, treatment can go for many years in order to maintain sobriety.

If you are indeed interested in opening a methadone clinic, you should know what licensing and certification requirements would be needed from you by the state in which you would be operating from, especially as licensing caries depending on the state.

Asides licensing, you would need to know the minimum personnel that would be needed for your methadone clinic depending on the scale of business you intend to run. At a minimum, you would require a licensed therapist, psychiatrist, nurses, and certified staff that would meet the staff-to-client ration that would meet the guidelines of the state you would be operating in.

A Sample Methadone Clinic Business Plan Template

Industry Overview

Methadone treatment is one of the most effective and available treatment methods for opioid addiction in the United States of America and elsewhere in developed countries. As a matter of fact, one of the most well-known, but often misunderstood treatment options for opioid addiction is methadone.

The FDA-approved and highly-regulated methadone, which is distributed at outpatient clinics, manages withdrawal symptoms and side effects of opioid withdrawal and can help aid in the overall recovery process. Methadone clinic provides medication assisted treatment (MAT) that includes methadone for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers.

Please note that methadone is administered by medical staff once a day, in a liquid solution. Methadone is only to be provided at a licensed methadone clinic under the guidance of trained healthcare providers.

Methadone clinic is a business that is grouped under the mental health and substance abuse centers industry and players in this industry includes establishments that primarily provide residential care and treatment for patients with mental illnesses, drug addiction and alcoholism.

Industry services include lodging, supervision, evaluation and counseling. Medical services may be available, though these are incidental to counseling, mental rehabilitation and support services. The mental health and substance abuse centers industry is indeed a very large industry and pretty much thriving in developed countries such as United States of America, France, United Kingdom, Germany, Australia and Italy et al.

Statistics has it that in the United States of America alone, there are about 8,216 licensed and registered mental health and substance abuse centers  (methadone clinics inclusive) responsible for employing about 231,941 employees and the industry rakes in a whooping sum of $18 billion annually with an annual growth rate projected at 4.6 percent between 2014 and 2019.

It is important to state that the company holding the largest market share in the Drug & Alcohol Rehabilitation Clinics industry is Acadia Healthcare Company Inc.

A recent report released by IBISWorld shows that over the five years to 2019, industry revenue is estimated to grow an annualized 4.6 percent to $17.6 billion. In 2019 alone, revenue is estimated to grow 3.0 percent. Due to a broad range of focuses and treatment approaches offered by programs, profit margins vary significantly between operators.

Some of the factors that encourages entrepreneurs to open their own methadone clinic could be that the business is a thriving business and most methadone clinics get support and grants from government and donor agencies.

In conclusion, in order to become successful as a methadone clinic operator, you should be able to find it pretty easy to connect with people and constructively discuss their problems and issues. Excellent written and verbal communications skills and an analytical approach will serve you well in this line of business. Plus, you should know how to reach out to your target market and partner with the government and NGOs.

Executive Summary

Jason Collins® Methadone Clinic, Inc. is a standard and licensed methadone clinic that will be located in the heart of Rio Rancho – New Mexico in a neatly renovated and secured spacious clinic facility. Our methadone clinic is specifically designed and equipped with the needed facilities / gadgets to give comfort and security to all our patients irrespective of the religious affiliations, their race, and health condition.

Jason Collins® Methadone Clinic, Inc. will carry out standard methadone maintenance and treatments, in coordination with the other medication assisted treatment programs (including individual, group and family counseling, 12-step programs, and community-based resources), with the aim to effectively fight opioid addiction.

We will manage withdrawal symptoms and side effects of opioid withdrawal and can help aid in the overall recovery process. We will adhere to all standards and regulations to ensure patients get the exact methadone dosage they need in the time they need it in order to achieve their goals of long-term sobriety.

Jason Collins® Methadone Clinic, Inc. is a family owned and managed business that believe in the passionate pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to venture into the mental health and substance abuse centers industry by establishing our own methadone clinic.

We are certain that our values will help us drive the business to enviable heights and also help us attract the numbers of inpatients and outpatients customers that will make our facility fully occupied year in year out. Despite the fact that we are a methadone clinic, we are going to be a health conscious and customer-centric with a service culture that will be deeply rooted in the fabric of our organizational structure and indeed at all levels of the organization.

With that, we know that we will be enables to consistently achieve our set business goals, increase our profitability and reinforce our positive long-term relationships with our clientele (inpatient and outpatient clines), partners (vendors), and all our employees as well.

Jason Collins® Methadone Clinic, Inc. is a family business that is owned and managed by Dr. Jason Collins and his immediate family. Dr. Jason Collins is a licensed therapist, and psychiatrist with well over 25 years of experience working for leading brand in the industry. He has a Master’s Degree in Public Health and he is truly passionate when it comes to treating people who are addicted to drugs, and opioids et al.

Our Services Offering

Jason Collins® Methadone Clinic, Inc. is set to operate a standard methadone clinic in Rio Rancho – New Mexico. The fact that we want to become a force to reckon with in the mental health and substance abuse centers industry means that we will provide our patients with the needed treatments and care.

In all that we do, we will ensure that our inpatients and outpatients are satisfied and are willing to recommend our clinic to their family members and friends.

We are in the methadone clinic line of business to deliver excellent services and to make profits and we are willing to go the extra mile within the law of the United States to achieve our business goals, aims and objectives. We will offer the following services;

  • Provide medication assisted treatment (MAT) that includes methadone for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers
  • Provide standard methadone maintenance and treatments, in coordination with the other medication assisted treatment programs (including individual, group and family counseling, 12-step programs, and community-based resources), with the aim to effectively fight opioid addiction
  • Manage withdrawal symptoms and side effects of opioid withdrawal and can help aid in the overall recovery process.

Our Mission and Vision Statement

  • Our vision is to become the number one choice when it comes to methadone maintenance and treatments in the whole of New Mexico and also to be amongst the top 5 methadone clinic facilities in the United States of America within the next 5 years.
  • Our mission is to build a methadone clinic that will contribute in no smaller measure in reducing addictions and mental health ailments by providing medication assisted treatment (MAT) that includes methadone for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers in the whole of Rio Rancho – New Mexico and environs.
  • We want to meet and surpass the needs of all our patients and to build a profitable and successfully business.

Our Business Structure

Jason Collins® Methadone Clinic, Inc. is a business that will be built on a solid foundation. From the outset, we have decided to recruit only qualified professionals (methadone clinic workers administrator, nurse’s aides, medication management counselors, psychiatrists, and rehabilitation counselors) to man various job positions in our organization.

We are quite aware of the rules and regulations governing the mental health and substance abuse centers industry which is why we decided to recruit only well experienced and qualified employees as foundational staff of the organization.

We hope to leverage on their expertise to build our business brand to be well accepted in New Mexico and the whole of the United States. When hiring, we will look out for applicants that are not just qualified and experienced, but homely, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of five years or more. This are the positions that will be available at Jason Collins® Methadone Clinic, Inc.;

  • Chief Medical Director
  • Facility Administrator (Human Resources and Admin Manager)
  • Addiction Treatment Specialist / Nurse
  • Sales and Marketing Executive
  • Accounting Officer
  • Security Officer
  • Cleaners

Job Roles and Responsibilities

Chief Medical Director:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board.

Facility Administrator (Admin and HR Manager)

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Design job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Oversee the smooth running of the daily home activities.

Addiction Treatment Specialist / Nurse

  • Provide medication assisted treatment (MAT) that includes methadone for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers
  • Provide standard methadone maintenance and treatments, in coordination with the other medication assisted treatment programs (including individual, group and family counseling, 12-step programs, and community-based resources), with the aim to effectively fight opioid addiction
  • Manage withdrawal symptoms and side effects of opioid withdrawal and can help aid in the overall recovery process
  • Develop a treatment plan in consultation with other professionals, such as doctors, therapists, and psychologists
  • Create rehabilitation or treatment plans based on clients’ values, strengths, limitations, and goals
  • Assist patients in creating strategies to develop their strengths and adjust to their limitations
  • Monitor patients progress and adjust the rehabilitation or treatment plan as necessary
  • Advocate for the rights of people who are just coming out of drug addictions and alcoholism to live in the community and work in the job of their choice.

Marketing and Sales Executive

  • Identify, prioritize, and reach out to new clients, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent Jason Collins® Methadone Clinic, Inc. in strategic meetings
  • Help increase sales and growth for Jason Collins® Methadone Clinic, Inc.

Accountant / Cashier

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for the organization
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for Jason Collins® Methadone Clinic, Inc.
  • Serves as internal auditor for Jason Collins® Methadone Clinic, Inc.

Security Officers

  • Ensure that the clinic facility is secured at all time
  • Control traffic and organize parking
  • Give security tips to staff members from time to time
  • Patrols around the building on a 24 hours basis
  • Submit security reports weekly
  • Any other duty as assigned by the facility administrator

Cleaners:

  • Responsible for cleaning the clinic facility at all times
  • Ensure that toiletries and supplies don’t run out of stock
  • Assist our inpatients and outpatients when they need to take their bath and carry out other household tasks
  • Cleans both the interior and exterior of the facility
  • Handle any other duty as assigned by the facility manager

SWOT Analysis

Jason Collins® Methadone Clinic, Inc. is set to become one of the leading methadone clinics in New Mexico which is why we are willing to take our time to cross every ‘Ts’ and dot every ‘Is’ as it relates to our business. We want our methadone clinic to be the number one choice of all those hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers in Rancho and other cities in New Mexico.

We know that if we are going to achieve the goals that we have set for our business, then we must ensure that we build our business on a solid foundation. We must ensure that we follow due process in setting up the business.

Even though our Chief Medical Director (owner) has a robust experience in treating people who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers, we still went ahead to hire the services of business consultants that are specialized in setting up new businesses to help our organization conduct detailed SWOT analysis and to also provide professional support in helping us structure our business to indeed become a leader in the mental health and substance abuse centers industry.

This is the summary of the SWOT analysis that was conducted for Jason Collins® Methadone Clinic, Inc.;

  • Strength:

Our strength lies in the fact that we have a team of well qualified professionals manning various job positions in our organization. As a matter of fact, they are some of the best hands in the whole of Rio Rancho – New Mexico. Our location, the business model we will be operating on (inpatient and outpatient treatments), well equipped and secured clinic facility and our excellent customer service culture will definitely count as a strong strength for us.

  • Weakness:

Jason Collins® Methadone Clinic, Inc. is a new business which is own by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business and also to attract some of the highly experienced hands in the mental health and substance abuse centers industry in the United States of America.

  • Opportunities:

Federal funding for Medicare and Medicaid has increased during the period as states have expanded Medicaid coverage to a greater number of low-income individuals. An increase in coverage enables more individuals struggling with substance use and mental illness to access industry services.

Currently, an estimated 41.9 percent of industry revenue is derived from Medicaid and Medicare reimbursement payments. In 2020, federal funding for Medicare and Medicaid is expected to increase, presenting a potential opportunity for the industry.

  • Threat:

Individuals seeking treatment for mental health or substance use disorders have many options in regard to types of providers and treatment models.

As a result, industry operators experience external competition from numerous sources, including from short-term inpatient and outpatient service providers in the Mental Health and Substance Abuse Clinics industry. External competition is anticipated to remain high in 2019, posing a potential threat to operators in the Mental Health and Substance Abuse Centers industry.

MARKET ANALYSIS

  • Market Trends

A notable trend shows that the revenue and wages for methadone clinics have largely been affected due to the recession and also a slight fund drop in 2012 from federal funding of Medicaid and Medicare as a result of a rise in premiums but the effect is wearing off as the industry has largely recovered.

Also, the economy which is constantly improving is expected to boost revenue for the methadone clinic business industry from 2015 to 2020. More companies entering into this industry are doing so due to the fact that there is an increasing focus on outpatient services, which are considered less costly than inpatient care, and which is also more desirable for insurance providers.

The demand for methadone clinics is largely driven by the availability of various factors such as new drugs and treatments, funding policies as well as insurance programs. Profitability for individual facilities depends on controlling costs as well as referrals.

Large scale methadone clinics usually have more advantage when purchasing as well as marketing to sources that would provide these referrals. However, small scale companies have more leverage in competition by providing superior service to patients, integration of treatments with follow-up procedures, and specialist treatment.

Lastly, most emergency physicians have treated methadone maintenance therapy (MMT) clients in the ED, and have dealt with withdrawal, missed appointments, and overdose. No doubt the mental health and substance abuse centers industry will continue to grow and become more profitable because the aging baby-boomer generation in United States are expected to drive increasing demand for this specialized services and care.

Our Target Market

Anyone can walk into an MMT clinic and request treatment. Initial screening exams and interviews determine the applicant’s eligibility and the process includes an assessment of their readiness to accept treatment. Ongoing, if not daily interventions, are required to keep the patient in the system and off the opioid.

The addiction severity index collects basic information, and it can be used to track progress. Much of the information is supplied by the addict, and truthfulness on their part is paramount for success.

In view of the above, the fact that we are going to open our doors to a wide range of customers does not in any way stop us from abiding by the rules and regulations governing the mental health and substance abuse centers industry in the United States.

Our staff are well – trained to effectively service our customers and give them value for their monies. Our customers can be categorized into the following;

  • Everyone who is hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers amongst others.

Our Competitive Advantage

To be highly competitive in the mental health and substance abuse centers industry means that you should be able to secure a conducive and secured clinic facility, deliver consistent quality service and should be able to record good testimonial of changed lives; of people who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers in and around Rio Rancho – New Mexico.

Jason Collins® Methadone Clinic, Inc. is coming into the market well prepared to favorably compete in the industry. Our clinic facility is well positioned (centrally positioned) and visible, we have good security and the right ambience for people who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers.

Our staff are well groomed in all aspect of methadone clinic and treatment services and all our employees are trained to provide customized customer service to all our inpatient and outpatient customers. Our services will be carried out by highly trained professional who know what it takes to give our highly esteemed inpatients and outpatients value for their money.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups methadone clinic business and other related businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

SALES AND MARKETING STRATEGY

  • Sources of Income

Jason Collins® Methadone Clinic, Inc. will ensure that we do all we can to maximize the business by generating income from every legal means within the scope of our industry. We will generate income by offering the following services;

  • Provide medication assisted treatment (MAT) that includes methadone for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers
  • Provide standard methadone maintenance and treatments, in coordination with the other medication assisted treatment programs (including individual, group and family counseling, 12-step programs, and community-based resources), with the aim to effectively fight opioid addiction
  • Manage withdrawal symptoms and side effects of opioid withdrawal and can help aid in the overall recovery process

Sales Forecast

One thing is certain, there would always be patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers who would need the services of methadone clinic.

We are well positioned to take on the available market in Rio Rancho – New Mexico and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our methadone clinic business and our inpatients and outpatients’ base.

We have been able to critically examine the methadone clinic services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Rio Rancho – New Mexico.

Below is the sales projection for Jason Collins® Methadone Clinic, Inc., it is based on the location of our clinic and of course the wide range of related services that we will be offering;

  • First Fiscal Year (FY1): $75,000 (From Self – Pay Clients / Patients): $150,000 (From Health Insurance Companies)
  • Second Fiscal Year (FY2): $150,000 (From Self – Pay Clients / Patients): $350,000 (From Health Insurance Companies)
  • Third Fiscal Year (FY3): $200,000 (From Self – Pay Clients / Patients): $650,000 (From Health Insurance Companies)

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

The marketing and sales strategy of Jason Collins® Methadone Clinic, Inc. will be based on generating long-term personalized relationships with our inpatients and outpatients. In order to achieve that, we will ensure that we offer top notch all – round methadone clinic services at affordable prices compare to what is obtainable in New Mexico and other state in the US.

All our employees will be well trained and equipped to provide excellent and knowledgeable services as it relates to our business. We know that if we are consistent with offering high quality service delivery and excellent customer service, we will increase the number of our inpatients and outpatients by more than 25 percent for the first year and then more than 40 percent subsequently.

Before choosing a location for Jason Collins® Methadone Clinic, Inc., we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers in Rio Rancho and other cities in New Mexico.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the mental health and substance abuse centers industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in New Mexico.

In summary, Jason Collins® Methadone Clinic, Inc. will adopt the following sales and marketing approach to win customers over;

  • Introduce our business by sending introductory letters to patients who are hoping to achieve sobriety from opioid addiction, including addiction to heroin and prescription painkillers and other stake holders in and around Rio Rancho – New Mexico
  • Advertise our business in community – based newspapers, local TV and local radio stations
  • List our business on yellow pages ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing
  • Leverage on word of mouth marketing (referrals)
  • Enter into business partnership with prisons, government agencies and NGOs that work with drug addicts, pornography addicts and other substance abusers.
  • Attend drug and substance abuse related seminars / expos.

Publicity and Advertising Strategy

We are in the methadone clinic business to become one of the market leaders and also to maximize profits hence we are going to explore all available conventional and non – conventional means to promote Jason Collins® Methadone Clinic, Inc.

Jason Collins® Methadone Clinic, Inc. has a long – term plan of building methadone clinic facilities in key cities in the United States of America which is why we will deliberately build our brand to be well accepted in Rio Rancho – New Mexico before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning inpatients and outpatients (customers) over but to effectively communicate our brand to the general public. Here are the platforms we intend leveraging on to promote and advertise Jason Collins® Methadone Clinic, Inc.;

  • Place adverts on both print (community – based newspapers and magazines) and electronic media platforms
  • Sponsor relevant community programs that appeals to people who are addicted to drugs, alcohol and other substances
  • Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, YouTube, Google + et al to promote our brand
  • Install our Bill Boards on strategic locations all around Rio Rancho – New Mexico
  • Engage in roadshow from time to time in location with growing population of people prone to drug and substance abuse
  • Distribute our fliers and handbills in target areas with high concentration of drug addicts and alcoholics
  • Ensure that all our workers wear our branded shirts and our facility and all our vehicles are well branded with our company’s logo et al.

Our Pricing Strategy

In as much as methadone treatments are never free, they are an affordable option for those seeking care. The range of methadone treatment costs varies by clinic, and may be covered by private and public insurance, as well as Medicaid. Players in this industry offers methadone treatment that is covered by most insurance providers, and Medicaid.

Jason Collins® Methadone Clinic, Inc. will work towards ensuring that all our services are offered at highly competitive prices compare to what is obtainable in The United States of America. Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal inpatients and outpatients especially when they refer clients to us.

  • Payment Options

The payment policy adopted by Jason Collins® Methadone Clinic, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Jason Collins® Methadone Clinic, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via check
  • Payment via Point of Sale Machines (POS Machine)
  • Payment via bank draft
  • Payment via mobile money

In view of the above, we have chosen banking platforms that will enable our client make payment for our treatment fee in our methadone clinic without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

Startup Expenditure (Budget)

If you are looking towards starting a methadone clinic business, then you should be ready to go all out to ensure that you raise enough capital to cover some of the basic expenditure that you are going to incur. The truth is that starting this type of business does not come cheap.

You would need money to secure a standard clinic facility big enough to accommodate the number of inpatients you plan accommodating per time, you could need money to acquire medical supplies and you would need money to pay your workforce and pay bills for a while until the revenue you generate from the business becomes enough to pay them.

The items listed below are the basics that we would need when starting our methadone clinic business in the United States;

  • The total fee for registering the business in the United States – $750.
  • Legal expenses for obtaining licenses and permits – $1,500.
  • Marketing promotion expenses for the grand opening of Jason Collins® Methadone Clinic, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
  • The cost for hiring business consultant – $2,500.
  • The cost for the purchase of insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $3,400.
  • The cost for leasing a standard and secured facility in Rio Rancho – New Mexico for 2 years – $250,000
  • The cost for facility remodeling – $50,000.
  • Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
  • The total cost for computer software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, QuickBooks Pro, drug interaction software, Physician Desk Reference software) – $7,000
  • The total cost for Nurse and Drugs Supplies (Injections, Bandages, Scissors, et al) – $3,000
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
  • The cost for start-up inventory (stocking with a wide range of products such as toiletries, food stuffs and drugs et al) – $50,000
  • Storage hardware (bins, rack, shelves,) – $3,720
  • The cost for the purchase of furniture and gadgets (Beds, Computers, Printers, Telephone, TVs, tables and chairs et al): $4,000.
  • The cost of Launching a Website: $700
  • Miscellaneous: $10,000

We would need an estimate of seven hundred and fifty thousand dollars ($750,000) to successfully set up our methadone clinic in Rio Rancho – New Mexico. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funds / Startup Capital for Jason Collins® Methadone Clinic, Inc.

Jason Collins® Methadone Clinic, Inc. is a family business that is solely owned and financed by Dr. Jason Collins and his immediate family members. They do not intend to welcome any external business partners which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas Jason Collins® Methadone Clinic, Inc. intends to generate our start – up capital;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $200,000 (Personal savings $150,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $550,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Jason Collins® Methadone Clinic, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer treatments and services in our methadone clinic a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Jason Collins® Methadone Clinic, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of facility and remodeling the clinic facility: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of medical equipment and vans et al: In Progress
  • Purchase of the needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with players in key industries, NGOs, government and third – party services providers: In Progress
Solomon. O'Chucks