These spreadsheets are designed for financial forecasting of service businesses. I have been trying to think of ways to better provide access to Excel templates for more focused business sectors. This one has been on my list for awhile so here you go. Service businesses typically have high margins and rely heavily on great skills and customer service. A service business is just any business that is focused on making revenue by providing some kind of service to customers or other businesses.
These financial models provide a way to forecast financial statements, cash flow requirements, and IRR / ROI / DCF Analysis over 5 / 10 year periods by month and year. This includes Income Statements, Balance Sheets, and Cash Flow Statements.
Note, with this one-time purchase, you will have access to all future templates that are ever added to this bundle, no extra charge.
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Service Businesses Spreadsheet Bundle
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Financial Models for Service-based Businesses:
Auto Repair ($125)
The auto repair industry is a $68 billion market in the United States, with over 245,000 businesses and an annual growth rate of 2.5%, offering a range of services such as routine maintenance, diagnostics, and repairs to vehicles of all types. Get started on your business with this financial forecasting template.
Car Wash ($45)
The car wash industry is a $10 billion market in the United States, with over 60,000 businesses and an annual growth rate of 3.7%, offering a range of services such as self-service, automatic, and full-service car washing and detailing to vehicles of all types. Think about offering memberships to grow the value of your car wash.
Cleaning / Janitorial ($45)
The janitorial industry is a $61 billion market in the United States, with over 1 million businesses and an annual growth rate of 2.8%, offering a range of services such as commercial cleaning, residential cleaning, and specialized cleaning services to various customers including offices, schools, hospitals, and households. This model focuses on billable hours against billable wages to better understand expected margins.
You can use this template for forecasting of any business. It is really good if you have a lot of data regarding the spending activity of your customers (do they spend a lot at first and then a little over time or are they more consistent?) Also, if your customers follow a fairly predictable retention curve, you can see the financial impact of that changing.
Dry Cleaning ($45)
The dry cleaning industry is a $9 billion market in the United States, with over 36,000 businesses and an annual growth rate of 3.5%, offering a range of services such as dry cleaning, laundering, and alterations to customers for clothing and household items. You can forecast various revenue streams based on pricing / unit volume inputs.
Franchisee Scaling Model ($45)
The franchise industry is a $477 billion market in the United States, with over 773,000 businesses and an annual growth rate of 2.6%, offering a range of products and services under a common brand name, with franchisees paying fees and royalties to the franchisor in exchange for the right to use its intellectual property, products, and support. Scale up to 12 locations with this forecasting template.
The franchisor industry is a $174 billion market in the United States, with over 3,000 businesses and an annual growth rate of 1.5%, offering a range of products and services to support the growth and success of franchisees, including brand development, marketing, training, and ongoing support, with revenue typically generated from franchise fees, royalties, and other sources. Plan out arbitrarily large/small unit growth of new franchisees over time and all the accompanying financials.
Laundromat ($45)
According to a report by Grand View Research, the global laundromat industry size was valued at USD 64.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. In the United States, there are approximately 35,000 laundromats, and the industry generates over $5 billion in annual revenue. The average cost to start a laundromat in the United States is between $200,000 to $500,000, depending on the size and location of the facility.
Plumbing / Electrician ($45)
The plumbing industry is a $107 billion market in the United States, with over 120,000 businesses and an annual growth rate of 3.2%, offering a range of services such as installation, repair, and maintenance of plumbing systems for residential, commercial, and industrial customers. Revenue driven off three main job type configurations.
Product-as-a-Service ($75)
The property management industry is a $88 billion market in the United States, with over 300,000 businesses and an annual growth rate of 4.5%, offering a range of services such as tenant screening, rent collection, property maintenance, and leasing services to property owners, landlords, and tenants. Drive revenues based on property owner counts, rent rolls / growth, fee rates, and more.
Security / Alarm ($125)
Trucking Business ($45)
The trucking industry is responsible for transporting around 70% of all freight in the United States. The largest truck ever built, the BelAZ 75710, has a payload capacity of 450 metric tons, equivalent to about 375 average-sized cars. Plan out your own transportation services business with this model.
I including the franchisor and franchisee templates in this bundle because it is very possible you turn one of these kinds of service businesses into a franchise or convert your own service business into a franchise where you simply take a fee on future revenues of franchisees that want to buy into your operational IP / infrastructure.
You can buy all financial model templates and tools from smarthelping.com in one large bundle here: https://www.smarthelping.com/p/excel.html
