Dry Cleaning Financial Model Template
You’ve started your own dry cleaning business! With a business that offers many services, you’ve got to be an expert in dry cleaning, washing, drying, folding, pressing, and repairing clothing, and love learning new ways to perfect your skills. What you’re probably not passionate about is managing financial data in spreadsheets.
And that’s quite alright! That’s exactly why we created the financial model template for Dry Cleaners. You shouldn’t have to become an expert in everything, and with all you do already, there just isn’t time to learn it all.
With this financial model template, you don’t have to worry about learning complicated spreadsheets with confusing formulas. Instead, you can easily plug in the information you already know about your business to generate reports and make informed decisions. Our passion for making simple financial model templates allows you to focus your time on providing higher quality service for your customers!
How the Dry Cleaning Financial Model Template Works
The Dry Cleaning financial model template contains all the options needed to evaluate your revenue, costs, and potential investment areas. By simply adding the information you already have about your business, Poindexter automatically creates a full financial analysis, so you can decide where to invest money or even to show potential investors an opportunity they don’t want to miss out on.
This model demonstrates two different methods for forecasting revenue. The first starts with a simple forecast for the number of customers per month. It then applies a percentage to these customers that end up purchasing specific services like dry cleaning for shirts or pants. All that’s left is determining the price per service on a per-customer basis to generate your revenue forecast.
The second method is based on the number of monthly orders for specific services. You then just apply the price per service to the number of monthly orders, and your predicted revenue forecast is complete. So simple!
This template demonstrates both types of costs that every business encounters: fixed and variable.
Fixed costs remain consistent in both amount and payment intervals. The system has the ability to include these costs that every dry cleaning business incurs like rent, salaries, utilities, and marketing.
Variable costs are those which grow or decline with sales. These costs are often directly associated with providing a service to customers. This unique dry cleaning template includes variable expenses to represent the cost of providing each service as a percentage of its sale price. For example, you can set different profit margins for dry cleaning pants versus a coat.
For someone new to creating a financial plan, adding transactions to the balance sheet is often one of the more difficult tasks. Our template makes it easy for those who aren’t financial experts to create a plan. To show you just how easy it is, we’ve included an example for planning the purchase of dry cleaning equipment. Now adding, updating, or removing any balance sheet transaction can be done with ease in only a matter of seconds!
Full Pro Forma Financial Statements for Your Dry Cleaning Business
All financial statements for the Dry Cleaning financial model template are automatically generated once the known you input some basic assumptions. As part of the analysis, you can expect:
- Pro Forma Income Statement
- Pro Forma Balance Sheet
- Pro Forma Cash Flow Statement
- Summary Dashboard
- Charts & Graphs
- And more!
You don’t have to be passionate about or an expert in the financial side in order to have a profitable and prospering business. Just take the passion you have for dry cleaning, coupled with our easy template, and you are all set!
Did we mention we have a free trial available?
For 14 days, you can test the template to make sure it fits your needs at no cost to you! We want to show you just how easy financial models can be with Poindexter.
Let us empower your financial decision-making. What are you waiting for? Sign up for a free trial below!