Gym (membership based) Financial Projection Template
Originally published: 23/09/2020 14:17
Last version published: 05/10/2020 16:52
Publication number: ELQ-71546-2
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Gym (membership based) Financial Projection Template

A financial projection template built specifically for membership-based gym

Description
Build realistic projections for your business with this Excel Template catered specifically to a gym.
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 enables you to predict your cost of goods sold and revenue for five years. You can decide your expected number of customers and estimated spend per customer for food, drink and other goods. As you input your figures, your cost of goods sold on the financial statement is updated.
-You will be prompted to input your expenses to the operating expense model. This generates the expenses and cash flows on your financial statements. You can input your fixed monthly expenses or monthly expenses as a percentage of revenue for variable items, it’s up to you! Also, you can enter start-up expenses as the first 3 months of the template are broken down individually.
-The general assumptions model is where the hard calculations will be done for you, such as loan amortization, interest, depreciation expenses etc. All you have to do is input information from your balance sheet and the rest is done for you!
- Calculate monthly salaries, taxes and benefits expenses with the salaries and distribution model. It also in turn enables you to plan for distributions to owners.

3) Then, these various output tabs will be automatically updated:
-The ‘at-a-glance’ tab gives a snapshot via financial charts, graphs and ratios that are ready to be used in your pitch deck.
-The financial statements tab containing income statement, cash flow statement and balance sheet (which always automatically balance). Each statement also has monthly breakdowns.
-See how sensitive your model is to a change in certain 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

If you need a hand with anything, feel free to reach out! We are always happy to answer any queries or questions you may have and 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.

Send us a message here: https://www.eloquens.com/channel/adam-hoeksema

This Best Practice includes
1 Excel File

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Further information

Template to create a financial projection for gyms

Startup and existing gyms seeking investment or loan funding

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