Financial Model, Gyms & Fitness Centers, Sports & Fitness, Sports Classes, Wellness

5-year Financial Projections, Break-Even, Cash Flow Analysis, Excel, Financial Model, Financial Modeling, Financial Projections, Forecast, Three Statement Model | Three Financial Statements

The Fitness Studio Projection Model provides a 5-year annual forecast and a month-by-month business forecast for the first year. Included in the template, you will find:

• The Income Statement, Balance Sheet, and Cash Flow Statement
• An Assumptions Section with key drivers for the business-specific to a Group Training Gym
• Supporting Schedules Section for PPE and Debt
• Graphs to visually display the Monthly Cash Flow Statement and Annual Cash Flow

Assumptions

The initial section you’ll encounter is the Assumptions area, where key assumptions for the projection periods are entered into the cells. These assumptions are tailored to focus on the primary drivers essential for managing a successful Fitness Studio. In this section, you’ll discover assumptions for various membership packages, ranging from Unlimited classes to Single Drop-In Classes. Membership and Package Sales are guided by the monthly and annual growth rates specified in rows 10 and 11 of the model; however, this section is designed to allow modifications with manual inputs for each month without causing any disruption to the overall model. Additionally, there are dedicated sections within the Assumptions for complementary offerings, including Supplements and Apparel.

Income Statement

The Income Statement includes some one-time and recurring expenses unique to a fitness studio. Expenses can be added or subtracted without disrupting the model. The Supporting Schedules section is all formulas tied to the Assumptions and 3 Statement sections, so no editing is necessary.

Charts and Graphs

Lastly, the Charts and Graphs sections visually display the Cash Flow Statement and Annual Cash Flow. The correlating data is above the graphs and tied to the model with formulas, so they will automatically adjust to any modifications in the model.

Instructions

All cells in blue font are input cells where custom information can be entered. All cells in black font are formulas set to streamline the model. Sections are grouped to condense the model so that sections can be viewed individually.

Reviews

more basic than expected

By Kat Lee on July 26, 2022 at 12:08 (Verified Purchase)

The model is a bit more basic than i had hoped. i had hoped it would allow for build up instructor costs – there is no way to build up different salaries etc by different grades – it just has the staff costs as a one liner. The churn/attrition is also not split out in detail as I would like. I would have to rework a lot of the model to get it as detailed as I would need.

262 of 476 people found this review helpful.

Help other customers find the most helpful reviews

Did you find this review helpful? Yes No

IT is Awsome

By aisha on March 17, 2021 at 16:56

I advise it for everyone. This template helps me so much.

290 of 581 people found this review helpful.

Help other customers find the most helpful reviews

Did you find this review helpful? Yes No

You must log in to submit a review.