Model Highlight
With Driving School 3 Way Forecast Model, it's a breeze to generate a solid and well-structured financial plan, including all the required forecasting elements, such as integrated financial statements with full Projected P&L Statement (Income Statement), Cash Flow Pro Forma, and Balance Sheet reports as well as key operational and financial metrics. Consider using Driving School Financial Model In Excel before buying the driving school business. Unlocked - edit all - last updated in Sep 2020.
Model Overview
Basic Excel knowledge and minimal previous financial planning experience is required to use a sophisticated driving school profit loss projection: however, fully sufficient to impress bankers and investors with a proven, solid financial model.
FINANCIAL MODEL ADVANTAGES
- Prove To Lenders Your Ability To Repay On Time
- Estimate Incoming Cash For Next Periods
- Understand The Impact Of Future Plans And Possible Outcomes
- Avoid Cash Flow Shortfalls With Driving School 3 Way Financial Model
- Make Sure You Have Enough Cash To Pay Suppliers And Employees
- Run 2 Valuation Methods With Driving School Financial Projection
- Prove You Can Pay Back The Loan You Requested
- Plan The Costs For Opening Driving School And Operating Activities
DRIVING SCHOOL FINANCIAL PROJECTION MODEL EXCEL KEY FEATURES
Prove You Can Pay Back the Loan You Requested
When you apply for a business loan, bankers will study your Cash Flow Statement For 5 Years in an attempt to answer this question: Can this business pay back the loan? Requesting a loan without showing your Pro Forma Cash Flow Projection for paying it back is a common way to land in the rejection pile. It is exceptionally accurate if your current cash flow won't cover all of your monthly operating expenses — plus your loan payment. Don't fall into this kind of situation. Use Cash Flow Statement Projection to strengthen your case by showing the banker exactly how you plan to use the loan and when you will start repaying the debt. This type of forecasting helps you create a road map that can impress a lender with the confidence they need to approve your loan.
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.
Manage accounts receivable.
By creating a projected cash flow statement that takes invoices and bills into account, you'll be more easily able to identify who is systematically paying late. You could even go on to model different payment dates on overdue invoices to see the real effect of late payments on your cash flow.
Integrated Model to convince Investors
Includes and connects everything (assumptions, calculations, outputs) and presents it in an investor-friendly, deal-proven way.
Investors ready
Print ready (including a profit and loss statement, a cash flow statement, a balance sheet, and a complete set of financial ratios).
External stakeholders, such as banks, may require a regular forecast.
If the business has a bank loan, the bank will ask for a Driving School Financial Projection Excel regularly.
WHAT WILL I GET WITH DRIVING SCHOOL BUSINESS PLAN PRO FORMA TEMPLATE EXCEL?
Performance KPIs
Return on capital. The return on capital reflects the correspondence of the Balance Sheet and Income Statement. Return on capital measures the accomplishment of earnings to the capital employed. Companies with good financial management have good returns.
Operational KPIs
Financial graphs and charts in this Driving School Business Plan Pro Forma Template help the stakeholders visually track liquidity, budgets, expenses, cash flow, and many other company financial metrics. These graphs will also help a company's management avoid problems by reflecting its financial data in real-time, with a comprehensive financial information overview. These operational performance graphs will help the business owners and financial managers ensure the best possible performance and financial health of their company because regular financial analytics procedures and the highest quality of financial data are the company's top priorities. Our financial graphs will also help the company's financial specialists raise financial issues at the general meetings and deliver understandable financial information to other departments and external stakeholders.
Costs
Start-up costs are an essential part of any 3 Way Forecast Model. They begin to accrue before actual operations start, so it is crucial to monitor them early to avoid overspendings and underfunding. Our Driving School Excel Pro Forma has the proforma for start-up costs that show both funding and expenses. You can use this proforma to monitor your expenses and create cost budgets.
Profitability KPIs
EBIT. Earnings before interest and tax (EBIT) is also known as operating income. It is a profitability measure that shows the difference between a company's revenues and operating expenses, including the cost of sales, interest on loans, and taxes. This calculation shows the company's ability to generate profits and, therefore, this metric is also named as operating earnings or operating profit.
Valuation
With our Driving School 3 Way Financial Model, you will get proformas for valuation analysis. You will be able to perform a Discounted Cash Flow (DCF) valuation analysis and other valuations you may need.
Benchmarks
The financial benchmarking study tab in this Startup Financial Model will help the companies assess their key performance indicators and compare them with other companies' KPIs. The term 'benchmarking' means the process of comparing the business, financial or other metrics of your company to that of other firms within the same industry. It is essential to use other businesses' best practices in the same industry as a 'benchmark' to improve your own company's standards. As a result of the benchmarking study, companies can learn how to operate in a certain industry more efficiently. This benefit makes the financial benchmarking study an essential planning tool for start-ups.
Burn and Runway
The cash burn rate is one of the tabs your future investors may be very interested in. This metrics shows the time left to a complete cash burn. Also, this template shows a cash burn ratio. The calculation is based on your average annual cash balance and average monthly operating cash outflows.
