Food Truck Financial Projection Template
Originally published: 05/10/2020 04:28
Last version published: 05/10/2020 16:53
Publication number: ELQ-48149-2
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Food Truck Financial Projection Template

A financial projection template built specifically for food trucks

Description
Build realistic projections for your business with this Excel Template catered specifically to food truck businesses.

How do I use this template?
1) Download our fully unlocked and ready-to-use Excel file.
2) Insert your business’ information on these various input tabs:
- Revenue model helps predict your food truck’s revenue and costs of goods sold for both direct food and labour costs over a five year period. You can also consider various types of bookings (catering, street vending, fairs). The template can then estimate the revenues based on the suitable model. As you input your figures, your cost of goods sold is updated on the financial statement.
-Next, input your expenses to the operating expense model. This is where the expenses and cash flows on your financial statements is generated. You can input your fixed monthly expenses or monthly expenses as a percentage of revenue for variable items, you decide. Also, start-up expenses can be input as the first 3 months of the template are broken down individually.
-The general assumptions model does all the hard calculations for you, such as loan amortization, interest, depreciation expenses etc. Simply input information from your balance sheet and the rest is done for you!
-Calculate monthly taxes, salaries and benefits expenses with the salaries and distribution model. It also in turn enables you to plan for distributions to owners.

3) Next, these various output tabs will be automatically updated:
-The ‘at-a-glance’ tab provides you with a snapshot of the food truck’s finances via financial charts, graphs and ratios that are ready to be used in your pitch deck.
-The financial statements tab, which contains the income statement, cash flow statement and balance sheet (which always automatically balance). Each statement also has monthly breakdowns.
-Check how sensitive your model is to changes in specific variables without altering your data with the Investor Dashboard tab. This tab displays your models’ income statement along with a modified income statement that updates as you alter the main assumptions.

Need help? Feel free to reach out! We are happy to help with any issues you may have and we can modify any of the templates we distribute.

If this model doesn’t work for you, let us know and we can find a solution to meet your needs.

This Best Practice includes
1 Excel File

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Further information

Template to create a financial projection for food truck businesses

Startup and existing food truck businesses seeking investment or loan funding

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