Do you dream of a successful hotel business? Do you want to combine work and comfortable rest? Then it would be best if you thought about your opening resort. A private hotel on the coast or, for example, in the mountains, can be a very profitable project. Indeed, capricious tourists appreciate new experiences first of all.
The specifics of opening a hotel business in resorts require a particularly careful weighing of decisions and a phased scenario of actions. Even in conditions of increasing demand for sea coasts rest, the hospitality industry is volatile, so you should not forget about the seasonality of the sales. But you can still calculate profitability in the details using the resort business plan.
It is essential for a preliminary assessment of supply and demand in the hotel services market, probable costs, and understanding of return on investment. A quality business plan for the small or big resort will answer traditional questions: how many potential customers for my service exist, and how I will attract them. From it, you will also learn about the size of the initial and subsequent investments.
We have developed detailed resort business plan templates with samples in .pdf, .ppt, .doc, and other popular formats. They are easy to adjust according to your parameters and ideas. Also, our developments are easy to use. After all, it is vital, before you open your hotel from scratch, having invested a large amount of money in it, to analyze the objective and subjective circumstances specific to its location. The main ones are seasonality, infrastructure development, the presence and success of competitors. All this was taken into account during the creation of our business plans.
The organization of the hotel business has many features and pitfalls that one needs to know and consider to avoid financial losses. With the competent consideration of all factors in the business plan, your eco-, SPA- or other types of resorts can become highly profitable and bring a steady income.
Resort Financial Plan Template Will Help You
- Plan the costs for opening and operating activities
- Schedule your Startup Loan’s repayments
- Calculate break-even point and return on investment
- Calculate Resort Startup Expenses
- Create Weekdays Revenue assumption plan
- Set up Room Pricing by years
- Adjust Room Occupancy Seasonality by months
- Create flexible, 5-year Expense Assumption Plan
- Identify your Strength and Weaknesses
- Track and organize Extra Revenue Streams
Benefits of using a Resort Financial Plan Excel Template
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
All necessary reports
When creating a floral shop business plan, you will not need to independently prepare financial reports and study the requirements for them. Our Excel template contains all the necessary reports and calculations that correspond with the lenders demand.
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.
Works for startups
Creates a financial summary formatted for your pitch deck.
Resort 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.
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
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.
This tab displays your 4 biggest expense categories and the rest of the expenses as the “other”.
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.
Comparison of performance indicators in the model and in the industry.
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.
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Analysis of the revenue streams by each product category.
Loan Amortization Schedule
You can find this in the “Capital” tab, where you can see internal calculations of the loans, interest, and equity.
You can easily adjust inputs at the launch stage and throughout the further activities of your store to refine your forecast.