Chiropractor Excel Financial Model

Description
If you’re looking to open a Chiropractic business and relieve people from the pain, it prevents them from performing day-to-day chores. First, you need to relieve yourself from the tension of poor cash flow and other financial risks. Oak Business Consultant has made a comprehensive financial model specific for the Chiropractic service to give you a framework to build a financially sound decision. In Chiropractor Excel Financial Model, you can get access to all relevant financial dimensions, which not only enhance your business financial performance but also enable you to capture investments and funds by presenting clear and concise evaluation numbers.
This Chiropractor Excel Financial Model is a handy dynamic for both start-ups and for current existed businesses. It has a built-in revenue forecast that is based on the number of average patients monthly. This model includes a 60-month in-depth 3-statement financial model, KPIs charts, along with additional valuation and Key metrics calculations. This excels template specifically useful for negotiation with investors and operational management by clearly represent the forecasted reports and valuation statements. You can adjust the input assumptions independently; then, our template will do all the calculations automatically.
Key Inputs of Chiropractor Excel Financial Model
The average no of patients estimated in the first month
The average price of each service and product category offers by a clinic.
The growth rate of customers.
No of repeat customers every month.
Percentage of Converted Repeat Customers – At what percentage of new total customers come to your clinic repeatedly.
Average Payable and Receivable days your business is following.
Cost of Goods Sold Percentage of each Product.
Inventory Days
Tax Rate
Payable & Receivable Days inputs enable the model to calculate Account Receivable and Accounts Payables in the balance sheet.
Key Features of Chiropractor Excel Financial Model
Input Sheet
This Chiropractor Excel Financial Model template contains inputs that, when changes impact the calculations and, therefore, the changes are automatically applied to all relevant sheets. This financial model always built-in flexibility to display different outcomes or final calculations based on this sheet’s changes.
Revenue Analysis
Chiropracting business’s revenue is primarily dependent on visitors. Chiropractor provides products as well as service. The revenue depends on the number of visitors who are converted into customers. If the number of customers is repeated every month, it will provide stability and long term growth for the business. Furthermore, currently most number of customers buy services compared to products, this shows that revenue can be increased in long run by increasing the sale of products as well.
Loan Schedule
Loan schedule allows chiropractor to identify the interest as well as principal amount being paid to the lender each month. This allows chiropractor to record the interest expense separately which will allow the business to reflect its profits correctly as the profits will not be over or understated. This will also allow the borrower to plan the cashflow accordingly as the payments will have to be paid which will help avoid liquidity crisis of the chiropractor.
Depreciation Table
Depreciation table will allow the chiropractor to record depreciation expense for each of the fixed assets on monthly basis. It also accounts for the discontinued assets which helps to reflect the fair representation in the financial books of the business.
Start-up Summary
This sheet provides the chiropractor and investors an analysis of all the investment requirements of a new start-up and helps the business to present a snapshot of the company to prospective investors and help to raise capital.
Monthly & Yearly Income Statement
The monthly Income Statement sheet of the Chiropractor 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 eCommerce business’s goal is to make a profit; 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 into revenue and general & administrative expenses. The Yearly Income Statement also contains several graphs, assumptions, ratios, margins, net profit, earnings, cost of services, and profit after tax.
Balance Sheet
This balance sheet enables you to analyze your position of current assets, fixed assets, liabilities, and equity. This also allows you to monitor your accounts receivable, accounts payable, accrued expenses, etc. Therefore this specific e-commerce financial model gives you the perfect space to analyze your key financials balance accounts.
Cashflow
The Cash Flow statement is one of the most important financial reports because each e-commerce business’s main goal is to cash flow management and cash generation optimally. This shows how much business has consolidated money and how much is 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 is a perfect template for modelling your cash flow analysis.
Break-Even Analysis
The break-even analysis will help you know at a glance, the profits generated at the various sales levels. The Break-Even Analysis refers to the point where your total sales contribution refers to fixed cost at zero profit and loss. This Technique is primarily based on marginal costing, which behaves differently at a variety of output activity levels.
Project Evaluation
Since the table calculates Return on Investment, NPV, Investor’s Future Equity Share, and Cash Burn Rate Analysis. Therefore, analyzing the performance of the company becomes easy to capture potential investors. Its aim is to determine the relevance and level of achievement of company’s’ financial objectives, return sustainability, and efficiency.
Diagnostic Sheet
This Diagnostic sheet is a new inclusion to our financial model. This automatically explains the condition of the business. For example, if your company’s profit is 30% of the total sales the sheet will include favourable comments ( As mentioned above in the picture ). The comments are automatically connected to the numbers of financial data in the income statement, balance sheet, and Cashflow. The Diagnostic Sheet is very helpful to give the company’s insights in just one line.
Dashboard
Users and readers respond and process visual graphs better than data. Furthermore, This dashboard provides you a data visualization tool that enables you to track all your relevant financial KPIs, improve cash management, and allow you to track expenses, sales, and net revenue in detail to meet and outperform the financial objectives of your online business.
Benefits of Chiropractor Excel Financial Model
Encapsulate Company Performance- The Chiropractor Financial Model analysis simplifies a company’s financial statements. It allows the user to express critical profitability and financial position information in just a few numbers. For example, the net profit margin of the Company encapsulates the net effect of a company’s revenues and all expenses. It will enable the user to conclude a company’s profitability without going through with lengthy accounts statements.
Bottom Line – A chiropractor excel financial model can be the key to a better and informed future of your Company. Succeeding to plan your Company’s finances well will mean overall success in making wise investment decisions, purchasing the right operating assets, control costs, and determining company valuation.
Accommodates Investors- This model provides valuation and performance analysis charts. It enables the investors and banks to clearly determine the company’s actual worth considering lending funds to your company.
Based on Financial Principles – After doing in-depth research on a Chiropractor business model, this financial model has been created with logically correct financial and economic principles and assumptions.
Properly Integrated – The model assumptions and calculation are structurally integrated. So the change in the main sheet will automatically lead to the change in all related sheets easily.
Visualization Tool- This Financial model also prepares a clear communication of the quantitative outcomes. As obtained by calculations via various graphs and charts. Therefore, the user does not need to pay much attention to the inner workings of the financial model.