I've had a car wash financial model (single location) live for over 6 years now and it has been one of the most used templates in my library. I took things to the next level with this model that will enable the analysis of opening multiple car washes over time. There are two 'types' of locations that can be configured, and you can scale as fast or slow as you feel comfortable.
After purchase, the template will be immediately available to download. It is also included in the Industry-specific models bundle, the automotive models bundle, and the Super Smart Bundle.
This financial model is a great tool to use for investors or a bank that need to understand your business plan more thoroughly. To do this, the template has key timing assumptions that show how much cash / debt is needed and how fast as well as what kind of returns are possible based on the defined assumptions.
Template Features:
- Model up to a 10-year period.
- Scale two types of locations (new developments and/or acquisitions).
- Define new locations started for each type.
- Dynamic financing assumptions can be configured for new developments (i/o loan, permanent convert) and a regular mortgage-style loan for acquisitions.
- Dynamic capex schedule applies to each monthly cohort of locations (schedule for costs subject to financing and costs that are not).
- Revenue assumptions include single-use washes and membership washes.
- Dynamic variable costs per car and fixed costs per location, automatically scale with counts.
- Investor / Owner return summaries with IRR, ROI, and equity multiple.
- Lots of charts with various KPIs such as average revenue / cost per car and per location.
- Debt Service Coverage Ratio included.
- Includes a fully integrated 3-statement model with monthly / annual income statement, balance sheet, and cash flow statement. These statements automatically update as the assumptions are changed.
