NOTE: Single-User pertains to a limited Single User License where the template can only be used by one single user; while Multi-User is a license for users sharing the template with up to 20 members. Please refer to Terms of Use and License and Permitted Use for clarification.

PLUMBER BUDGETING AND FORECASTING EXCEL KEY FEATURES

Video tutorial:

Personnel demand forecast
I bet in your Plumber there are people who work directly with the customers. So, enter the ratio of employees you need per one new/active customer to estimate the count of employees needed. And don’t forget to enter for an annual salary, bonuses, and taxes.

Prove You Can Pay Back the Loan You Requested
When you apply for a business loan, bankers will study your Projected Cash Flow Statement in an attempt to answer this question: Can this business pay back the loan? Requesting a loan without showing your Startup 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 Pro Forma Cash Flow 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.

Starting Point
If you are running Plumber than you might need to start the forecast from the count of customers you have in place. Just put the numbers to the right of service/product names and you are ready for the next steps.

Investors ready
Print ready (including a Profit And Loss Statement Proforma, a Projected Cash Flow Statement Format, a balance sheet, and a complete set of financial ratios).

Sales Funnel
Visitors (Leads) to Customers conversion ratio essential for you too? That is why this Cash Flow Statement Projection has a sales funnel where leads are converted into customers. So, why don’t you use a 3-step sales funnel integrated into the model to make correct assumptions about your sales funnel?

Revenue Forecast
It is the customer’s percentage of spend approach to estimate your Plumber revenue. That is why you have assumptions of an average monthly spend per active customer by years and by service. Just fill it with your assumptions and enter your Plumber fee. And your revenue forecast is ready

REPORTS and INPUTS

All in One Place
This Plumber budget template excel will give the entrepreneurs financial assumptions regarding costs and income that can be brought together to get the business’s full picture.

Financial KPIs
In the financial projections spreadsheet you can visually track key financial indicators over the five years period as well as 24 months period.
– EBITDA/EBIT shows your company’s operational performance
– CASH FLOWS shows your company’s inflows and outflows
– CASH BALANCE this is the forecast of cash in hand you will have.

Dashboard
Our Plumber financial plan template has a dashboard that summarizes information from the other spreadsheets of the startup costs template. With this dashboard, you can set your key performance indicators (KPIs), and the dashboard will include them into the calculations and the information from the financial statements. You can create the dashboard with core financial information on a month-by-month basis and change any time you need.

Sources and Uses
The sources and uses statement presented in this Plumber financial plan for business plan show where a company is making money and spending those funds.

Financial Statements
Balance Sheet. The balance sheet of the startup costs template is a snapshot of a company at a specific date, mainly at the end of the reporting period. It shows the company’s resources, i.e., assets, and the ways of funding for such resources, i.e., liabilities and equity.

Users of our business plan financial template can input their financial data, and the template will automatically create primary financial statements, including the balance sheet.

Break Even
This Plumber p&l template has a template for a Break Even Point Excel. This financial instrument helps users identify when the revenue of the company starts exceeding its total cost. This is the time point when the project under consideration or a company as a whole will start generating profits. Studying the relationship between the company’s revenue and its fixed and variable costs is crucial for its success.

The break-even point calculation helps the company’s management determine the necessary level of sales and product price that will cover the total cost of business, i.e., fixed and variable costs. It shows users how to calculate the time point when a company is expected to make a profit.

Benchmarks
This financial model xls has a tab for financial benchmarking study. This study involves a financial analysis of performance and comparing the company’s results with other companies’ financial indicators in the industry. Conduction of the financial benchmarking study helps users assess a company’s overall competitiveness, efficiency, and productivity.