Gym Financial Plan and Budget Control (Excel XLSX)

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.