What does a consulting contract cost and how long does it take to begin making a profit?
Currently, the cost for a consulting contract is $7,500 including one site visit, $25,000 for a single site center with four site visits and $50,000 for a multiple site operation with 8 site visits. There is a $3,750 retainer for all contracts and a payment plan over a specified time to coincide with payment if full with the opening of your center. As an owner, you will need approximately $500,000 in funds to build-out and supply your center, made up of $100,000 in cash and $400,000 in loans. We project break-even in 18 months. A typical profitable ambulatory care center made more than $117,000 in profits in 1995 (National Association For Ambulatory Care IV Study) and many of I-Med s clients have made over $250,000 a year in profits after 5 – 7 years of operation.
