Auto Repair Shop Financial Template

Generate financial projections for your auto repair shop for business planning, pitching to an investor, or applying for a loan. Our auto repair shop financial forecast spreadsheet can save you hours.

How it works?

Over the last 5 years hundreds of auto repair businesses have utilized ProjectionHub to help create projections.

Our CPA developed template enables you to create professional projections based on your unique assumptions.

Create investor- and lender-ready projections in hours, not days.

Based on this experience, our CPA built a powerful financial projection template that is specifically built for auto repair and service businesses. 

How it works?

Watch a demo of the template

Save time & money - get organized with our template!

Get an Auto Repair shop template now for $99

BUY

The template price: $

99

USD

100% money-back guarantee if you are not satisfied.

Step 1: Purchase and download the template

After purchase, you will download an unlocked Excel file with a ready-to-usefinancial projection template for your business model

Get the template

Step 2: Enter your assumptions on the input tabs

Auto Repair Sales Projections

  • The revenue tab will help you predict your number of new and regular customers and your customer base growth over five years. ​From there, you will be able to estimate the monthly spend per customer on regular maintenance and custom repairs. ​You can also set the costs for parts and labor, and the model will predict your monthly revenue and cost of goods sold for you. 

Auto Repair Operating Expenses

  • You will then need to enter your other expenses in the operating expense section of the spreadsheet, which includes some suggested expenses and amounts based on industry averages to help you get started. This model will then automatically generate forecasted financial statements for you. You can enter your monthly expenses as either fixed amounts or you can set them as a percentage of sales for variable costs like credit card processing fees. ​The first few months of the template are broken out separately so that you can enter start-up expenses. 

Auto Repair General Assumptions

  • The general assumptions section will guide you to enter balance sheet items such as furniture, lifts and various shop equipment, as well as, loans, investments, inventory, and accounts receivable assumptions. You just need to input some basic assumptions and then the spreadsheet will calculate the rest for you: loan amortization, interest expense, depreciation expense, inventory purchases, etc. 

Auto Repair Salaries Model

  • This tab helps you calculate monthly expenses for salaried employees like the shop general manager, and includes items like employer taxes and benefits. This section of the template also helps you calculate how much you can afford to pay yourself through owner’s draws or other distributions.

Step 3: The model is automatically updated based on your assumptions

Auto Repair Shop Financial Summary

  • The At-A-Glace tab shows you a financial snapshot through various industry ratios, graphs and charts that will fit perfectly into a business plan or investor presentation.

Auto Repair Shop Financial Statement

  • We provide monthly and annual pro forma financial statements including a projected cash flow statement, balance sheet and P&L. 

Investor Friendly Report

  • Our templates are created in a way that displays your projections so that investors can easily understand. Every template provides 5 years of financial pro formas so investors can predict a longer term performance of the company and ROI.

Graphs, charts, tables and dashboards include:

Tables, charts, graphs and dashboards include:

  • P&L summary table
  • Graph of startup funds uses
  • Industry ratios table
  • ​​Graph to show cash generated
  • ​5 years of projected financial statements
  • Profit and loss at a glance table

  • Use of start-up funds graph

  • Key ratios table

  • ​Cash generated from operating activities graph

  • Investor dashboard

  • 5 years of monthly and annual income statement, cash flow and balance sheet reports

Step 4: If you need help, we're here

We can fill out or modify any of the templates we sell, and we’re always happy to answer questions.

When you call us, you can speak directly to the developers of the model, not a call center or customer service representative.

Contact us in the most convenient way for you. We're here to help you

If the model doesn’t work for you, we’re happy to provide a refund.

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The ProjectionHub Team

Grace Cisna, CPA

Before joining ProjectionHub, Grace served as an auditor for a public accounting firm in Indianapolis. There, she audited start-up tech companies, major regional hospitals, public manufacturers and everything in between.

As an auditor, she gained insinullght to the inner workings of all kinds of business models. Grace is a CPA, has a bachelor’s degrees in Accounting and French and a Master’s of Accountancy all from the University of Iowa, where she also taught introductory accounting classes to undergraduates.

Grace loves to use her accounting expertise to serve as an advisor to her clients, helping them understand what it takes to make a business succeed.

Adam Hoeksema — Co-founder ProjectionHub

Adam is the co-founder of ProjectionHub which is a SaaS web application that helps entrepreneurs create financial projections for their business.

Since 2012, over 40,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.

Adam also serves as the Executive Director of Bankable. Bankable is a Small Business Administration (SBA) lender that makes loans from $500 to $250,000 to Indiana small businesses that are unable to secure financing from a traditional bank.

Adam has managed the loan program since loan #1 in 2010. Since 2010, Bankable has closed over 1,200 loans totaling over $38,000,000. Adam is an entrepreneur at heart and loves working with entrepreneurs to launch and grow their business.

What others have to say about our templates

We are available to help you complete your projections

Troubleshoot

We'll answer your questions about how the template works

Customize

We'll help you customize your template, add a cafe, bookstore, or brewery to your coffee shop

Frequently Asked Questions

How profitable is an auto repair shop?

According to a research done by National Funding, your shop’s profitability is dependent upon five key factors. 1. Your staff experience and expertise. 2. Your effective use of employee time, ensuring staff are always doing billable / productive work for clients when on the clock. 3. Renting your operating location instead of buying can save you some initial startup costs. 4. Optimizing your marketing expenses. 5. Community reputation and reviews

How much money does a mechanic shop owner make?

Ziprecruiter study shows that the owner can make up to $111,500 annually. However, when you first start your income may be as low as $18,000 to $30,500.  Our financial projection template can help you project cash flow and profit in your first few years so that you can get a good understanding of what you might be able to pay yourself. 

What is the average profit margin for auto repair?

According to research done by Bayiq, you should aim for a gross profit margin between 20-28% to make your repair shop profitable in the long term.

How do I start an auto repair shop with no money?

Your best opportunity might be to find a current auto repair shop owner that is interested in retiring or selling their shop.  You could offer to work for them and purchase the shop on contract where you pay them a % of profits over a period of years until you own the shop entirely. 

How can I make my auto repair shop more profitable?

You can increase profitability by selling additional products or services to existing clients, BUT you must balance that with being completely honest with your customers.  Customers don’t want to feel that they are being taken advantage of, so only cross sell additional products or services that you truly believe is in the best interest of your customers in the long term.

The cost of the template is estimated at $ 2000

If you hired a CPA to build this template from scratch it would take at least 20 hours of billable time to build a similar template. At an average hourly rate of $100 per hour it would cost you $2,000.

20 hours X $100 = $2,000 value

But we've already done all the work and you don't need to hire a CPA

Save time & money - get organized with our template!

Get an Auto Repair shop template now for $99

BUY

The template price: $

99

USD

100% money-back guarantee if you are not satisfied.

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