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Boutique Gym Financial Model – Dynamic 10 Year Forecast – Excel XLSX
Excel (XLSX)
BENEFITS OF THIS DOWNLOADABLE EXCEL DOCUMENT
- Provides a dynamic 10-year financial forecast for a Boutique Gym
- Suitable for either a startup or operating company
INTEGRATED FINANCIAL MODEL EXCEL DESCRIPTION
Boutique gyms are smaller in size (usually somewhere between 80 and 300 square meters) and they offer their members a truly unique work out experience. Many people have started to call working out in boutique gyms a lifestyle, and rightfully so. Compared to traditional fitness chains, the boutique studio experience is much more intimate and goes much deeper. One of the most remarkable aspects of boutiques is their premium price tag.
This Financial Model presents a business scenario of a startup or operating Boutique Gym and is a flexible tool for owners to calculate operating activities and analyze business profitability.
It includes assumptions and calculations of Starting Expenses (in the case of a startup studio), Customer Acquisition Metrics (location and paid marketing), Revenue assumptions from Memberships and Additional Revenue Sources (Food & Beverage, Merchandising), Direct Costs, Direct Payroll (Trainers Hiring Schedule and Salaries), Indirect Payroll, OpEx, Financing through Debt & Equity and Valuation & Exit Multiples in case of a potential sale of the business.
The model is dynamic and allows users to select the desired forecasted Years (1 to 10). Output Reports & Charts are dynamically updated based on the selected forecast period. The template structure follows Financial Modeling Best Practices principles and is fully customizable.
Detailed instructions for the functionality of the model are included in the Excel file.
Model Inputs and Setup Reports:
• General Setup Assumptions incl. Starting Expenses (in case studio is a startup), Customer Acquisition, Revenue and Costs Assumptions, and Financing (Debt & Equity)
• Yr1 Direct & Indirect Payroll, incl. Hiring Schedule of FTEs per Position/Month, Salary per FTE, Payroll Taxes & Benefits, and two different Bonus Schemes.
• Yr1 OpEx and Annual Capex incl. Depreciation Schedule
• Yr1 Revenue and Cost of Services Calculations for 3 types of Memberships (monthly, 6-month, Annual) and Additional Revenue Sources (F&B, Merchandising)
• Forecast Scenarios
Starting Year Output Reports:
• Yr1 Budget and Actual Reports
• Yr1 Profit & Loss Statement Summary with a dynamic functionality to include Actual figures for the current and preceding months and budget figures for the rest.
• Yr1 Budget vs. Actual Variance Analysis at a YTD and Monthly level
Forecast Output Reports:
• Annual Financial Statements (3 Statement model)
• Break-Even Analysis
• KPI's & Financial Ratios, including several Profitability, Efficiency, Liquidity, and Leverage (Solvency) Ratios
• Performance Dashboard
• Business Valuation, including DCF Model, Terminal Value, Unlevered, and Levered Cash Flows, Return Metrics (NPV, EV, IRR, MOIC, ROI, etc.), and Sensitivity Analysis
• Investor Returns (4-tier IRR hurdle waterfall model to distribute proceeds between investors)
• Professional Executive Summary (can be used for investment decisions)
Help & Support
Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user's needs and comfort in mind.
Whether you have no experience or are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!
If you experience difficulty using this template and cannot find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.
If you need a template customized for your business requirements, please e-mail us and explain your specific needs briefly.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Integrated Financial Model Excel: Boutique Gym Financial Model – Dynamic 10 Year Forecast Excel (XLSX) Spreadsheet, Profit Vision
ABOUT THE AUTHOR
Profit Vision provides Consulting & Outsourced Financial Services as well as Financial Planning & Performance analysis to small and mid-size businesses by implementing efficient and effective tools to assist them with start-up business plans or improve their ongoing operations.
Our range of services include Financial & Operational Analysis, Business Planning, Budgeting & Forecasting, Cash Flow
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