Dance Studio Excel Financial Model Template

Description
Dance Studio Excel Financial Model Template

Every passionate and creative dancer has a dream of opening a studio which financially profitable. It’s easy to get carried away with the exciting elements of organizing classes and recitals, but you need a comprehensive financial plan to help your studio grow strategically. In its simplest form, the dance studio financial model is the template that lays out your revenue streams and expenses aligned with the studio’s goals. A solid dance studio financial model can be the foundation that keeps your studio bustling and busy for years to come. Here’s where to start when creating your financial model.

Introduction To Our Dance Studio Excel Financial Model Template

Dance Studio Financial Model presents the business case of a brand new start-up Online Shop with an upfront investment in a website, SEO, logo, copywriting. The model contains the three financial statements including the cash flows and calculates the relevant metrics (Sensitivity Analysis, Break-even Analysis, Diagnostic Tools, Project evaluation, and Charts).

The financing options for the project include a standard long-term loan as well as an investment made by the investors and of course marketing sheet (include automated inbound and outbound marketing costs sheet which also contains how many customers will achieve as a result).

# Similar Business Model:
Dance Academy the USA, Millennium Dance Complex, and Broadway Dance Center

Key Inputs Of Dance Studio Excel Financial Model Template

1: The growth rate Price and Expense.
2: No of clients leave per month.
3: Marketing Budget (which measures how many customers we get from marketing).
4: Maximum Clients at one time.
5: Opens hours per month.
6: Average Payable and Receivable days your business is following.
7: Cost of Goods.
8: Fixed Asset and Capital Expenditure.
9: Tax Rate.
10: Investment table

Key Features Of Dance Studio Excel Financial Model Template

1: Input Sheet

This financial model template contains inputs that, when changed, impact the calculations and, therefore, the changes are applied to all relevant sheets. This financial model always has built-in flexibility to display different outcomes or final calculations based on this sheet’s changes.

2: Startup Summary

A start-up summary tab includes the total cost incurred at the start of business and capital expenditure, how much cash injected by the company so far, and based on the number of months the amount of investment required is calculated.

A Startup Summary helps you take a realistic view of your idea and double-check whether it’s the business has enough funds to support operations.

3: Monthly & Yearly Income Statement

This model provides the monthly as well as yearly income statement structure and a framework for creating a full corporate forecasting model tailored to your particular business.

A key feature of the Dance Studio Financial Model is that it is “integrated,” which simply means that the Income Statement is modeled in a way that accurately captures the connection and inter-linkages of the various line business items. An integrated financial model is powerful since it enables the Financial Model user to change any assumption in one part of the statement in order to see how it impacts all other parts of the statements accurately and consistently.

The monthly Income Statement sheet of the Dance Studio 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 a revenue analysis sheet to ensure accurate reporting.

Oak Business Consultants understands every Dance Studio business’s goal. Therefore, we have developed a mechanism that helps 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, ratios, net profit, earnings, cost of services, and profit after tax.

4: 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, financial model gives you the perfect space to analyze your key financial balance accounts.

5: Cash Flow Statement

The Cash Flow Statement is the vital part of the three statements that report the cash spent and generated during a specific period. The Cash Flow Statements act as a bridge between the income statement and balance sheet. It shows how money has moved in and out of the business.

# Three main sections of the Cash flow Statement:

1: Operating Activities: We have included all cash in and out related to the operations of the business.
2: Investing Activities: Any cash from the disposal of an asset and acquisition and investments included in this section.
3: Financing Activities: We have separately made a loan-related tab where you can enter all loan-related information thee. The tab is linked to Financing Activities of Cash flow Statement.

The Cashflow Statement in our Model 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 then computes your net cash flow, beginning and end cash balances. This is a perfect template for your company’s cash flow management.

6: Break-Even Analysis

A break-even analysis can help you measure how different scenarios might play out financially. For example, if you increase the marketing budget or add another employee to the payroll, how many extra sales will be needed to recover that additional expense?

We have included a Break-even analysis in our Financial Model which will help the user to determine sales. The break-even analysis will help you know at a glance, the profits generated at the various sales levels.

The Break-Even Analysis is 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 various levels of output activity.

7: Project Evaluation

Since the table calculates Return on Investment, Investor’s Future Equity Share, and Cash Burn Rate Analysis, analyzing the company’s performance becomes easy to capture potential investors.

8: 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 favorable comments.

The comments are automatically connected to the numbers of financial data in the income statement, balance sheet, and Cash flow. The Diagnostic Sheet is very helpful to give the company’s insights in just one line.

9: Dashboard

Users and readers respond and process visual graphs better than data. Furthermore, This dashboard provides you a graphical management tool that enables you to track all your relevant financial KPIs, improve cash flow management, and track expenses, sales, and net revenue in detail to meet and outperform the financial objectives of your business.

How To Use Dance Studio Excel Financial Model Template

On the Input tab, you can feed the financial information for the model, such as sales price, cost, expenses, etc. Inputs are shown in this model with a Peach fill and call up (direct links from other cells) filled in grey with black letters while calculations depict white fill and black characters.

Calculations: This is where all calculation performs. The revenues are calculated based on the product or services sold, promotion, pricing, promotions, and marketing campaign, deducting the business variable and fixed costs. With the help of working capital assumptions, we have measured the impact on business cycles. In last, the level of the investment. Consider calculating the relevant debt financing.

Moving to the Project Valuation tab, a company valuation is performed by using the free cash flows with discount rates to the firm. Then a series of investment metrics are presented (IRR, NPV, ROE).

The Dashboard tab: Various graphs present the revenues, cash analysis, break-even analysis, sensitivity, assets vs. liabilities, startup summary, etc.