The hotel business has always enjoyed popularity and demand among visitors. Therefore, the beginning of commercial activity in this area is a promising direction. However, it is better for novice entrepreneurs to start their business on a small scale, for example, with the opening of a motel. And we can help you with this issue.
The motel is a small-sized hotel located close to the highway. Beginning business people should consider the need for a large car park near the motel. The windows of the rooms should face the parking lot so that drivers can control their cars. But this is not the most important thing, the concept and detailed calculations for the project are of primary importance. And the role of them is assigned to the motel business plan.
Here you will find quality templates of this development. Each of our motel business plan samples takes into account demand, as well as current offers in this area. With it, you can find out how many competitors will have to be beaten. You can study their work and develop your plans for the provision of quality services.
A detailed motel business plan template will provide an opportunity to solve all organizational issues even at the stage of opening the mini-hotel. A 5-year financial forecast will indicate possible risks associated with starting a motel and an estimated level of income. Our motel business plan in .pdf or other popular formats will contain information about the necessary resources, the number of required staff, and even the seasonality of the services.
Both city and roadside motels provide the same package of services, the main one of which is an equipped room for temporary residence at an "attractive" price. Speaking roughly, you will have to spend a substantial amount of money at the start to organize such an enterprise. But experts say that if you follow a good business plan from the very beginning, successfully choose a place and keep the level of service at the highest, then you will be able to recoup the costs in a short time.
Motel Financial Plan Template Will Help You
- Calculate break-even point and return on investment
- Use 161 Currencies for inputs and outputs
- Compute a Startup Costs of a Motel
- Forecast Salaries and Wages for your personnel
- Create Weekdays Revenue assumption plan
- Adjust Room Occupancy Seasonality by months
- Track and organize Extra Revenue Streams
- Set up Room Pricing by years
- Identify your Strength and Weaknesses
- Forecast Revenues and Expenses
Benefits of using a Motel Financial Plan Excel Template
Great Value for Money
Use a robust and proven financial model based on years of experience at an affordable price. This template has a one-off payment of $79 and absolutely no hidden fees or monthly payments. Your other options? Hiring an financial analyst and pay starting from $30 per hour up to hundreds.
Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
Count of room bookings vary over weekdays, right? That is why we have added Monday-Thursday, Friday-Saturday and Sunday groups. So you may have a different capacity within a week.
Wouldn’t it be great to have ADR (room rental revenue per day) for weekday groups? An assumption of how much you will charge on average per 1 day stay.
Financial Plan Template includes a room rate assumption plan for the next five years. You will find service/job bring in the most revenue and be able to plan for the future periods.
You might wish to have 100% room occupancy year long, but it is unreal - use the seasonality tab to set up and adjust the occupancy seasonality by month and by weekdays. This way, you will define an appropriate workload for your hotel.
Most likely, your hotel will have additional facilities in addition to core services. So, why don't you use the bar/restaurant as well as event sales there in your forecast? Input monthly sales and assume for sales growth for the next five years.
Solid package of print-ready reports, including a profit and loss statement, cash flow statement, a balance sheet, and a complete set of financial ratios.
Motel Financial Plan Template Reports
Get a Robust, Powerful and Flexible Financial Model
This well-tested, robust and powerful Excel template is your solid foundation to plan a wide range of different business models. Advanced users are free to expand and tailor all sheets as desired, to handle specific requirements or to get into greater detail.
For your Motel business plan you will receive the main financial tables in the form of graphs for 2 years and 5 years - revenue breakdown, cash balance, operating cash flow, EBITDA, EBIT.
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.
Break-even point calculation
This indicator is calculated at the begin of each startup for understanding whether it is appropriate for doing this kind of business. It shows what revenue should be to cover all the costs of doing business, including taxes. When it is reached, the company begins to bring in profits, which means that the investments made in the startup start to pay off.
Top Revenue Category Report
Analysis of the revenue streams by each product category.
Top Expense Category Report
It is very important to plan costs so that your company is profitable. It is necessary to analyze what are the highest costs and always work on their optimization. This report summarizes 4 biggest expense categories and the rest of the expenses as the “other”.
Comparison of performance indicators in the model and in the industry.
Shareholder’s ownership dilution is calculated here. This tab consists of 4 rounds of financing.
You will receive all the data necessary for the investors. The weighted average cost of capital shows the minimum return on enterprise funds invested in its activities capital. Free cash flow is cash flow available to all investors, including shareholders and creditors. Discounted cash is the value of future cash flows in relation to the current time.
A very sophisticated financial planning tool, whatever size and stage of development your business is. Minimal previous planning experience and very basic knowledge of Excel is required: however, fully sufficient to get quick and reliable results.