Franchise Financial Model Template
Many franchise businesses are faced with the challenge of how to create a franchise financial model. The process can be complicated and overwhelming, even for those who have experience in accounting or finance. It is also time-consuming; it typically takes hours, sometimes days, to complete a pro forma, especially if you don't know what you're doing. That's exactly why we created the franchise financial model template. We know you are busy focusing on your business, and the last thing you want to do is wrestle with convoluted financial equations. Our tool provides you with a simple and easy way to build professional pro forma financial documents without any experience in accounting or finance. All you need to do is focus on the things you know about the business, and our template takes care of the rest.
How the Franchise Financial Model Template Works
This template was created using our financial modeling software, designed for simplicity and ease of use. The basic idea behind this template is that we've created some pre-built "blocks," which we call business model components, that you can fit together in unique ways that reflect the uniqueness of your business plan. No equations required!
To start you off, we've included a sample forecast with two revenue streams, one for the first location we'll launch and the other for our second location (a little later on). To forecast revenue, we estimate the number of customers that visit each location every month and then assuming an average price for their purchase. That's all there is to it! Adding multiple revenue streams or adjusting the ones that come included takes only minutes.
In addition to the revenue streams, we've also included a host of general costs you're likely to encounter running your franchise. Everything from the cost of goods sold to salaries and royalty fees comes right out of the box. We've even added some development costs to the balance sheet, so you can see how easy we make some of the more complicated financial transactions.
This template isn't a one-size-fits-all model. Your business has unique circumstances. We've included relevant examples of some of the things you'll likely find useful, and with those examples, you'll get a good sense of how our software works. As you learn our process, you'll quickly gain the confidence to add components or adjust what's there, making the template your very own.
Full Pro Forma Financials for Your Franchise
Once you're finished refining the assumptions for your franchise, your job is done! The template will automatically produce a full financial analysis based on your inputs. This analysis includes a summary dashboard with critical financial KPIs, charts, graphs, and tables. It even produces full pro forma financial documents, including an Income Statement (P&L), Balance Sheet, and Cash Flow Statement. Once you're done, you can download everything to MS Excel to share with lenders, potential partners, and other stakeholders. Sign up below and try it out for free. You have nothing to lose!