Self Serve Car Wash Financial Model Template

Self-Serve Car Wash Financial Model consists of a financial model in excel for the opening of a new car wash self-serve business.

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Description
Self-Serve Car Wash Financial Model consists of a financial model in excel for the opening of a new car wash self-serve business.

The model generates:
1) Three financial statements (profit & loss, balance sheet and cash flow)
2) Valuation using free cash flows
3) Breakeven analysis
4) Margins, ratios, and feasibility metrics
5) Various Graphs

So, a quick overview of the model, in the contents tab you can see the structure of the model and by clicking on any of the headlines to be redirected to the relevant worksheet.

On the timing tab you can feed the general information for the model such as: model name, responsible, timeline of the model and date and currency conventions.

Additionally, there is a description of the color coding of the model in the same tab. Inputs are always depicted with a yellow fill and blue letters, call up (that is direct links from other cells) are filled in light blue with blue letters while calculations are depicted with white fill and black characters.

There is also a color coding for the various tabs of the model. Yellow tabs are mostly assumptions tabs, grey tabs are calculations tabs, blue tabs are outputs tabs (that is effectively results or graphs) and finally light blue tabs are admin tabs (for example: the cover page, contents, and checks).

There are 3 tabs where the user input is needed: "Timing", "Sales & Capex (Plan)", "Other Inputs (Plan)". The user needs to fill the yellow cells in each of these tabs, all the remaining tabs are calculated automatically.

In the Sales & Capex (Plan), the user fills the number of cars washed per day, the monthly seasonality, the ramp up period, as well as bays per location assumptions. The user then sets the spend per car wash and the relevant price growth. In the same tab the user inputs the investment needs for the car wash bays, the initial working capital, renovations, refurbishments, as well as the depreciation in years of each of these assets.

In the Other Inputs (Plan), the user needs to set the variable costs, labor costs (headcount per month and their salary costs), other costs, fixed costs (such as rent, utilities, insurance, professional services, stationary, consumables, third party fees) , as well as working capital (inventory, receivables, payables), financing (debt gearing, financing costs, repayment years). The financing options for the project include equity funding from investors and debt financing (amortizing, bullet, or interest only). Afterwards the user can set the taxation and valuation assumptions.

All the remaining tabs are automatically calculated from the assumptions that the user has set. The resulting tabs are the three financial statements such as the profit and loss, balance sheet and cash flow on a monthly and yearly basis, the valuation of the business and its feasibility metrics (such as Net Present Value, Internal Rate of Return and Cash on Cash multiple), various KPIs and ratios, and Break-Even Analysis (Break Even Sales, Break Even Volume and Margin of Safety), all the charts are in the "Graphs" tab (Business and Profit and Loss Charts, Balance Sheet Graphs, and Cash Flow and Valuation Charts).

Finally, the checks tab where the most critical checks are aggregated. Whenever you see an error message in any page, you should consult this page to see where the error is coming from.

This Best Practice includes
1 Excel and 1 PDF