Gym Financial Plan and Budget Control (Excel XLSX)

BENEFITS OF DOCUMENT

1. he model's objective is to provide a comprehensive 10-year financial forecast for gyms or related businesses, including detailed monthly and annual projections for income, cash flows, and balance sheets.

DESCRIPTION

This product (Gym Financial Plan and Budget Control) is an Excel template (XLSX), which you can download immediately upon purchase.

PURPOSE OF MODEL

This Excel model is a highly adaptable and user-friendly tool for crafting a 10-year rolling 3-statement financial projection (Income Statement, Balance Sheet, and Cash Flow Statement) with a monthly cadence.
•  It is specifically tailored for a startup or existing Gym business, generating revenue through:
   - Membership fees
   - Personal training sessions
   - Group fitness classes
   - Merchandise

•  The model enables users to input various revenue streams and associated:
   - Variable costs
   - Staff compensation
   - Operating expenses
   - Capital assets
  – Borrowings

•  Adhering to best practices in financial modeling, the model comprises:
    – Instructions
    – Explanations for each line item (input Sheet)
    – Checks
   - Input validations

•  A dedicated sheet for historical data entry is included, allowing users to:
•  Track and directly compare the Gym's actual performance against the forecasted numbers

•  The model also boasts an extensive suite of charts, providing users with:
•  A clear visual depiction of the Gym's crucial metrics and performance indicators

KEY OUTPUTS

The primary outputs include:
•  Detailed financial statements presented monthly over a decade and condensed annually
•  Valuation sheet
•  Over 30 financial and business ratios for an in-depth performance analysis of the Gym
•  A sheet replete with informative charts for a visual grasp of business dynamics and principal drivers
•  Breakeven analysis
•  A dashboard featuring:
•  Summaries of forecasted financial statements
•  Key financial ratios
•  Bar charts for visualizing financial projections
•  Revenue and gross profit margins
•  Sources and Uses of Funds
•  Cash balance trajectory

The model is organized as follows:

•  Assumptions: This sheet is the cornerstone of the financial model, incorporating pivotal assumptions about revenue, CapEx, OpEx, and startup costs, all configured for a Gym setting.
•  Operations: This sheet explicates the computations for revenue, COGS, and OpEx, all based on the inputs from the Assumptions sheet.
•  Working Capital: Critical to the Gym's short-term financial robustness, this sheet calculates the requisite working capital for the day-to-day activities.
•  Debt Structure: Key for a startup or an expanding Gym; this sheet allows for debt planning in line with the Gym's financial strategy.
-Capital Expenditures (CapEx): Focused on the outlays necessary for acquiring and maintaining the Gym's equipment and infrastructure.
•  Monthly Financial Statements (Mo-FS): This sheet presents the income, balance, and cash flow statements, mirroring the details from Operations and CapEx. It also includes a section for potential dividend distribution arrangements, if applicable.
•  Actual Performance: This sheet records the Gym's actual performance, set against the forecasted figures for ongoing comparison.
•  Actual + Forecast: This sheet feeds into the valuation analysis by merging forecasted numbers with real data.
•  Annual Financial Statements: Offering a yearly financial summary, this sheet aggregates the monthly financial statements.
•  Summary: An executive summary sheet that showcases key business metrics for rapid evaluation.
•  Breakeven Analysis: Determines the sales volume required to cover operational costs, an essential metric for new Gyms.
-Ratios: Features over 20 financial ratios to examine the Gym's performance thoroughly.
•  Valuation: Applies the discounted cash flow methodology to estimate the value of the Gym.
•  Budget vs. Actual: Assesses financial performance by juxtaposing budgeted figures with actuals, tracking progress year over year.
•  Charts: Provides graphical representations of financial data to underscore variances and assist in strategic decision-making.

Source: Best Practices in Integrated Financial Model Excel: Gym Financial Plan and Budget Control Excel (XLSX) Spreadsheet, Jair Almeida