DayCare Business Plan Financial Model Excel Template by Henry Sheykin - Financial Models https://finmodelslab.com/ Last version published: 08/05/2019
COVER PAGE
The cover page is the name of your business project, company or Food Truck name. This name is put in a yellow cell and appears on every file page afterward.
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TIME SERIES INPUTS Time Series Financial year end in the model - input the last month of the financial year. If you don't need to assume for the financial years, simply type in Dec. First Financial Year in the model - input the very first financial year you want to start from.financial year. If you have entered Dec in the Financial year end in the model, then, your calendar year equals the financial year.
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Dashboard - Groups and Places
Groups - enter names of different groups in your kindergarten. The number of places - enter the number of places in each group for each year. Kids to educator - enter the number of children per one educator in each group.
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Dashboard - Fee Schedules
Fee Schedules - the first select the date when the price is changed, then enter the cost of stay in each group in every selected period.
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Dashboard - Occupancy
Occupancy rates - enter the percentage of occupancy rate in each year. Billable days - enter the number of working days per month each year. Working days in the week - enter the number of working days in the week each year. Weeks per month - enter the number of weeks in the month every year.
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Dashboard - Options
Options - select "Yes" if you use it in the model, otherwise "No". And then enter the cost or percentage.
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Dashboard - Debt
Debt - here you have to enter the interest rate, debt repayment period and the amount of debt. For a grant, you just need to input an amount and select launch date.
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Dashboard - Currency, Denominator & Tax
Corporate Tax, % - enter the corporate tax rate. Input Currency - currency for the assumptions and inputs. Insert your currency sign $/€/¥/£ or type in USD/EUR/GBP or any other abbreviation. Output Currency - currency for the outputs and graphs. Insert your currency sign $/€/¥/£ or type in USD/EUR/GBP or any other abbreviation. Currency exchange rate - enter your up-to-date exchange rate of the currency in which you want to display your financial report.
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Variable Expenses - Assumptions
Enter in the column Variable Expenses your would-be percentage of various spending from your total revenue. Variable expenses tend to go up and down depending on sales. Thus, variable expenses tab displays 6 placeholders, which is more than enough to calculate daycare variable expenses. The tab shows you typed-in indexes and expenses based on them. For instance, let’s calculate bank fee, let it be 1%. Put the number in the “variable expenses” cell, press Enter and get exact calculations done.
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Fixed Expenses - Assumptions
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The model is built to be easy to use to enter expenses. Enter in the list of fixed expenses (i.e. ""running the business"") you want to forecast in the rows Fixed expense. You have multiple options of when to start to accrue the expense and when to end accruing. You may define periodicity of the accrue for each expense. It could be One-time, daily, weekly, bi-weekly, monthly, quarterly and etc.. This gives you the flexibility to manage expenses.
Salaries & Wages - Assumptions
The wages tab allows to easily calculate salaries for staff categories. Use 1 line per employee/category, and simply type in the hire date, fire date, work load hours per month, headcount in each year and annual salary.
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Development Expenses
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On this tab, you can see a table of daycare capital expenses. You have to name categories, choose payment delay, and input the cost. Capital costs or investments are the daycare development expenditures (i.e. equipment, decoration, furniture etc.) that are to be amortized. Each expense item has a purchase date, payment delay time and amount of money spent. What is payment delay? Imagine that your equipment requires prepayment 3 months beforehand. Then you use the payment delay column to note this information. Now, if you put 0, it means you pay and actually buy the item in the same month. If you put plus 1/2/3, then you create a payment delay. You can find the information about CAPEX expenses in the Income Statement - Amortization line or in the Summary or Core Financials at the Dashboard.
Book Assets
This tab designed to enter book assets to be purchased and depreciated according to entered assumptions. Give an asset category name, depreciation time years, and the amounts to be spent on
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Capitalization Table
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Capitalization Table CapTable require some manual manipulation to be accurate. The structure modifications.
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The CapTable financings.
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Showing how issued shares to new investors and cost per share impact the investment income. After each round you will see the ownership, % changes. This is how the dilution works. We offer several funding rounds. In general, this method is for large companies but is also effective for stock corporations. The information to be given: shareholders’ names, investment round close date, and share price. The number of shares is distributed between shareholders. The second funding round is optional for initial and new investors. All the investments influence both cash flow and income statement.
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Reports - Dashboard
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18 Here you can see 4 charts and a table. The left upper chart gives you a yearly per child per day unit economy. Here you may find Average revenue per Child, Average Direct and Overhead costs and finally Income per Child by years. The right upper one shows your EBITDA, yearly profitability and EBITDA percent. Left lower chart is for cash flow, which includes operating, investing and financing categories. Net Cash Flow is highlighted in green color. Right lower one depicts cumulative cash flow. The only difference from the ordinary cash flow is that it has an accumulative function starting from the first year and ending with the 5th one. The table in the left lower part is called Core Financials. Basically, it summarizes the reports and gives us a profit and
Reports - Financial Statements Summary
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Reports - Financial Statements Summary If you want to know more details about the financial state of your daycare plan, then you should open the Summary tab. Summary presents 3 core reports: ▫ ▫ ▫
profit and loss balance sheet cash flow
You can review them in different ways: by each month of each year or check out 5 years altogether in the left upper table. Of course, all the reports are designed for printing in PDF. Just press CTRL+P or Print, and get the summary on paper!
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Reports - Top Revenue
Top Revenue is another useful category designed for your needs. As we have only five groups, the numbers are easy to understand. All the charts give you a thoroughly made analysis. Top Revenue Summary enables you to choose a period to look at, e.g. 2018-2022, and shows the exact revenue numbers for each section. Top Revenue Depth gives you an opportunity to dive deeper into the information concerning every year of your financial model. Another cool feature is Revenue Bridge. You can literally go from the first year to the last year and make
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Reports - Top Expenses
Top Expenses also cover the same categories, as in Top Revenue, but they regard your spending and are divided into 5 groups ranked descending. The Other group shows all other expenses not listed above.
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Reports - Break-Even Analysis
Additionally, you can use a break-even analysis feature. What does it mean? Break-even signifies the sales level with zero profitability. So, you get neither losses nor profits. Every dollar above this level makes your project profitable, and every dollar below it creates losses.
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Reports - Valuation
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Valuation tab. Calculate the cost of your company! The first thing that you see is the Cost of Capital. The puzzling numbers, such as risk-free rate, inflation premium and risk premium, are available on public sources, for example, Bloomsburg. Growth after the end of the forecast is your personal prediction for the future of your project. Below, you can see the results of these calculations in free cash flow and discounted cash flow sections.
KPIs benchmark
You have an option to compare your ratios with the industry ratios Simply fill in yellow cells with industry ratios and charts will be automatically updated. Industry - you have to do some research to know: • Wages as a share of Revenue, • average labor hour cost, • rent as a share of revenue and • profit as a share of revenue IN THE INDUSTRY. It makes possible to compare metrics in the model and metrics in the industry.
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Thank you very much for your interest in my tools! If you enjoyed using my model, please let people know about your experience! Give 5-star feedback here & share this page across social networks If you have any suggestions or ideas of how to make this model more useful, don't hesitate, just send me a PM - Henry Sheykin