Name: Boutique Hotel Financial Projection Template
Brand: ProjectionHub
Price: 99 USD
Availability: OnlineOnly

Other Types of Businesses that have used this template

Bed and breakfast
Pet Boarding

Step 1: Purchase and download the template

After purchase, you will download an unlocked Excel file with a ready-to-use financial projection template for your business model. You can also open the file to use in Google Sheets!

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Step 2: Enter your assumptions on the input tabs

Hotel Revenue Projections

The revenue model will help you predict your revenue by determining your number of rooms, average revenue per room, and average number of rooms occupied for both weekends and week nights. The model can also take variable expenses like laundry, toiletries, cleaning labor, etc. into account. Revenue and direct expenses will be predicted for sixty months and then will be automatically carried to the financial statements.

Hotel Operating Expenses

You will be able to enter in overhead expenses like utilities, insurance, security, maintenance, cleaning etc. You will also be able to enter in variable expenses that are a percentage of sales such as credit card payment processing fees.

General Hotel Financial Assumptions

The general assumptions tab will guide you to enter balance sheet items such as fixed assets like the building, furniture and other equipment. You can also enter loans, investments, inventory assumptions. Once you enter in the basic assumptions the model will calculate things like: loan amortization, interest expense, depreciation expense, inventory purchases, etc.

The Salaries and Distributions Model

The salaries and distributions model helps calculate monthly expenses for salaried employees, including items like employer taxes and benefits. This will also help you model dividends or owner distributions as well.

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

Boutique hotel financial snapshot

The At-A-Glace tab shows you a financial snapshot in the form of graphs, charts, ratios, and financial summaries, that you can easily copy into an executive summary or investor deck.

Hotel Pro Forma Financial Statements

The financial statements can be found in both monthly and annual formats for our balance sheet, cash flow forecast and projected profit and loss.

Hotel Investor Friendly Report

The Investor Dashboard tab will allow your potential investor to run different scenarios without disrupting your core spreadsheet and assumptions. The investor can see how changing key assumptions like interest rates or occupancy rates might impact the financial results and ultimately their return on investment.
Your template will be ready to be delivered to potential investors after you complete filling out the necessary inputs and assumptions. If you choose, you can provide stakeholders a copy of your projections so they can play with any inputs as well. Your template will produce various pro forma statements out 5 years which are perfect for potential investors.

Tables, charts, graphs and dashboards include:

Profit and loss at a glance table
Use of start-up funds graph
Key ratios table
Cash generated from operating activities graph
5 years of monthly and annual income statement, cash flow and balance sheet reports

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

Download the Template

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.

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

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Questions? Get in touch.

What ProjectionHub Customers Think

much easier to share with prospective investors

★★★★

4/5

I have been looking for just this type of template for quite some time. It helped me get a better idea of the potential of this business without me having to do the math. I know that I am still estimating the basic buildout costs but it is a much better picture and much easier to share with prospective investors. I consulted the support and was very impressed with how the response was handled...a customized video directly addressing my questions.

Jann Boggs

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 a boutique hotel template now for $99

The template price: $

USD

100% money-back guarantee for 30 days

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Our Projection Protection Guarantee

Love it or Swap it

If the template you purchase is not the perfect fit, our team will help recommend the right template and swap your template for no extra charge. You can rest assured we'll make sure you are using the right template.

Expert Review

After you fill out your template, you can upload your projections to our team where we will do a complete review and then send you a custom video recording of us providing feedback so you can feel confident your projections are investor & lender ready.

See How

Help as You Go

Our team will be standing by so you can get help as you fill out your projection template. Through email and custom video recordings, we will make sure you understand how to complete your projections.

See How

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 insight 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.

We are available to help you complete your projections

Troubleshoot

We'll answer your questions about how the template works

Customize

We can help you customize your template, add revenue models, expenses or custom charts, tables and graphs -> with our financial modeling services

Frequently Asked Questions

Is a hotel business profitable?

With the correct management and the right location, a hotel business can be very profitable. On average, owners can expect to make around $49,000 - $74,000 per year. Of course this your profitability completely depends on the specific details of your hotel which is why we recommend that you use our financial projection template to develop a set of projections for your specific property. You can also view our spa and restaurant hotel financial projection template.

How much does it cost to start a hotel business?

Hotels have a slightly higher barrier to entry compared to other small businesses. If you are opening a motel that targets consumers that are seeking a low cost option, you can expect to need about 1 million in initial investment. However, an average hotel can easily cost around 20 to 30 million dollars to build and launch. In comparison you can see how much it costs to start an Airbnb here.

What are ways to increase hotel profitability?

The beauty of the hotel business is that much of your expenses are fixed expenses, so when you find your hotel at less than capacity for a specific night, you can reduce your prices in order to attract last minute customers. There are very little variable costs, so any new customer you can attract each day is beneficial. Hotel Tonight is a service that helps hotels fill their excess capacity which can make a significant difference in your bottom line.

Boutique Hotel Financial Projection Template