Auto Repair Excel Financial Model
The Startup Auto Repair Financial Model is a highly adaptable and user-friendly Excel model for preparing a 3 statement (Income Statement, Balance Sheet, and Cashflow Statement) financial projection for a new or existing business providing various auto repair services.
The Auto Repair Financial Model excel template designed by Oak Business Consultant allows the user to forecast revenue and expenses of a startup or existing business for up to 60 months; additionally, it includes Three Financial statements (Profit and Loss, cash flow, balance sheet) on a monthly and annual basis. And it also includes sales analysis, feasibility matrices, diagnostic tools. It also provides financing options analysis for the project, including equity funding from investors.
This Auto Repair Excel Financial Model has a complete business financial plan for all the kind of auto repair shops of any size or belongs to any phase. This model has all the powerful tools required to plan, operate, and create a successful small or huge business with any cuisine. This model’s advantage is that you will not need to have any professional finance knowledge or technical skills. Everyone belongs to any background can work with it.
Features of Auto Repair Excel Financial Model
This model excel template contains an input sheet that’s when changed; impacts are applied to all relevant sheets. This financial model excel template has built-in flexibility to display different outcomes or final calculations based on changing a few key inputs. This model’s Input assumptions contain several fields: tax rate, growth rate, cost of services, inventory ratio, monthly employees’ salaries, and much more.
Monthly & Yearly Income Statement
The monthly Income Statement sheet of the Auto Repair Excel Financial Model is perfect for those who require regular reporting and details. Additionally, Income Statement contains all revenue streamlines with gross earnings, net earnings linked with revenue analysis to ensure accurate reporting. We understand every business’s goal is to profit for that; there must be a mechanism that helps the business owners determine whether they are making profits or otherwise.
Furthermore, the Yearly Income Statement gives you complete insights from revenue to general & administrative expenses and net profit yearly. The content of the Yearly Income Statement is Total Yearly Revenue, Cost of Service, Gross profit margin, General and Administrative Expense, Tax Expense, and Net Profit.
Cash Flow Statement
The Cash Flow statement is one of the most important financial statement because every business’s main goal is to generate cash flow. This model shows how much business has consolidated money and not enough to attract additional financing. This sheet also contains a dedicated sheet to monitor and analyze your company cash-ins and out. This cash flow statement is based on several key inputs, such as Payable and Receivable Days, yearly income, working capital, long-term debt, net cash, etc. This calculation is then used to compute your net cash flow, beginning and end cash balances. This model is a perfect template for your company’s cash flow management.
Monthly and Yearly Balance Sheet includes a link with Cash Flow Statement, Income Statement, and other relevant inputs.
All businesses always caries risk; therefore, we included the evaluation sheet. It will help you to know at a glance the NPV in excel, IRR, and return on invested capital (ROIC).
How To Use Auto Repair Excel Financial Model
Revenue Analysis Spreadsheet
Our Revenue Analysis Sheet is simple and makes sense. The revenue is generated from two units. One from recurring customers and the other from news customers. These customers are linked with growth, churn rate, and advertisement spend.
1st Step – Enter the amount of advertisement budget in the first month and when the auto repair shop will start the operations.
2nd Step – Enter the average price per order, growth rate, and churn rate.
3rd Step – Enter the percentage of Cost to good sold
4th Step – Enter which products you are going to sell in your repair shop
5th Step – Enter all percentages where indicated.
Operating expenses are significant for your template. In the INPUT sheet, we have included several expenses that might be associated with your business.
1st Step – Enter the number of expenses that can arise in your Auto Repair business
2nd Step – Enter monthly amounts.
3rd Step – These expenses are linked with the inflation rate. Therefore you can also set the inflation rate percentages.
We have also build a Fixed Asset Sheet for your business:
1st Step – Go to Fixed Asset Sheet insert month of purchase (the number should be numeric)
2nd Step – Add the name and amount of an Asset.
3rd Step – Add life in years.
4th Step – Add scrape value (optional)
After entering all the above information, you can move to the Depreciation Sheet and see the amount of depreciation that will be charged in your income statement monthly.
Why You Should Prepare Financial Model For Your Auto Repair Business
There are several reasons to purchase a financial model for your auto repair business, which are as follow:
Translates your Objectives Into Real Figures
Financial Modelling clearly illustrates what you would need to do to achieve your business financial objectives. Once the model is built, and all stakeholders agree on its projections, it allows you and your investor to measure their investments and progress against the model’s predictions. These projections also enable you to obtain a loan or investments by translating your effort into real figures.
Easy to Plan
One of the prime benefits of our Financial Modelis to create accurate financial projections that give flexibility to the user. The model Financial projections primarily contain three areas; assumptions, calculations, and results. Therefore by changing one or many input assumptions, the user will be able to estimate outcomes, such as; Income Statements, Balance Sheets, or Cash Flow. This model allows the user to create various scenarios depending on the situation.
Make better and calculated business decisions.
A well crafted financial model will be a key management tool that you can use to make calculated business decisions. The financial model’s output will be used for decision-making and performing and provide a “what if” scenario. Also, proper analysis by management against the forecasts will highlight the business areas that are not performing according to plan; thus, it’s enabling you to rectify the problem if possible.
Analyze Risks or Cash shortfalls
A properly well-constructed Financial Model can identify risks or cash shortfalls, allowing you to manage cash flow trouble if the business is growing faster than the rate at which they have the cost of finances. Moreover, if the business is doing well but, due to timing differences between cash in and cash out, it can cause shortness of cash, causing huge pressure on the business and stress management. Identifying this risk earlier can helps to elevate the tension.
What makes this Auto Repair Excel Financial Model a great buy?
This Auto Repair Excel Financial Model template is a simple and reliable solution for a small and medium-sized vehicle service business. This model provides all the essentials necessary financial tools for an auto repair business and allows your investors to get valuation reports in a matter of minutes. You can adjust this model by entering your company details in the input sheet since it comes with similar inputs, like other businesses. However, it is crucial to understand that not every business’s revenue and other information are identical. Therefore, Oak Business Consultant specifically prepared this model for Auto Repair Financial services that may help you to forecast and evaluate your financial assumptions. Moreover, this Excel Financial Model is flexible and portrays in both design and technique. Therefore, all modifications and scenarios can be changed in any field successfully.