Bar + Restaurant Financial Projection Excel Template

Purchase our bar financial projection excel template for your business from ProjectionHub. Create investor and lender-ready projections in less than one hour with a bar profit and loss statement template. Buy a bar accounting spreadsheet online at ProjectionHub.

How it works?

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.

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.

Our CPA built this template specifically for bars to develop realistic industry standard projections based on your specific plans, size and location. Built for bars, our spreadsheet will satisfy lenders and potential investors.

How it works?

Watch a demo of the template

Save time & money - get organized with our template!

Get a Bar 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

Bar Sales Forecast Spreadsheet

  • The revenue model will help you predict your bar revenue and cost of goods sold (direct alcohol and direct labor costs) for up to five years by estimating the total capacity of your bar and predicting how capacity utilization will grow over time. From there, the model estimates customer visits and expected spend per customer for drinks for various times of the day. ​When you input your costs and hourly employee needs, your COGS flow through to the pro forma reports. 

Operating Expenses for a Bar

  • The spreadsheet will help you input your overhead expenses in the operating expense tab. This sheet will  include certain industry standard expenses and amounts to give you a solid starting point. ​ You can enter monthly expenses as fixed amounts or as a percentage of sales for expenses like credit card processing. 

Core Assumptions Spreadsheet

  • The general assumptions tab will ask you to add your assets like buildings, furniture and equipment.  It will also allow you to enter in startup loans or investments, food and alcohol inventory assumptions, and A/R and A/P assumptions. Once you enter in these core assumptions the model will do the heavy lifting and difficult calculations for you. 

Bar Salaries Tab

  • The salaries section will help you project the monthly cost of salaried employees, including any taxes and benefits. You will also be able to visualize how much you can take as an owner’s draw each month as well. 

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

Bar Financial Snapshot 

  • The snapshot tab provides key financial information in an at a glance format through various tables, charts and graphs. 

Projected Financial Statements

  • The financial statements will be provided in both monthly and annual formats for all three standard financial statements (income statement, balance sheet, and cash flow statement). 

Investor Friendly Template

  • Potential investors can gain greater confidence in their investment by changing any assumptions in the template in order to see how variables change the models. All information is presented in easy to digest formats for any stakeholder.

Tables, charts, graphs and dashboards include:

Tables, charts, graphs and dashboards include:

  • Bar P&L summary
  • Bar startup costs graph
  • Key industry ratios chart
  • ​​Cash flow from operating visualization ​
  • ​5 years of projected financial statements (monthly and annual)

  • 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 do I start a small bar business?

A well written business plan is a must for you to begin your bar. Specifically, you need to develop a set of financial projections based on your business plan.  Our Bar financial projection template will help you get your numbers into an easily understandable format for potential investors and lenders. You also need to focus attention on securing a location that can attract your target customers. Lastly, you will need to obtain all required licenses and permits.

 

How profitable are bars?

According to Investopedia, an average bar can generate around $25,000 in revenue per month. Your individual profit will vary depending on how effectively you can manage your expenses.  Our spreadsheet can help you predict how profitable your specific bar concept might be based on your assumptions.

 

Why do bars fail?

According to Entrepreneur, there are several key pitfalls you can avoid in order to succeed in your bar business. First, start with enough capital. Second, be very careful of how your initial investment is spent. Third, do not overwork your employees as you will end up paying for it on the backend when you struggle to retain good employees.

 

How much should a bar make a month?

It would vary greatly depending on your location, product offerings, and how well you are able to operate the bar. You need to run the numbers on your specific bar business plan to determine what your upside profitability might look like as well as your downside risk.  Of course, it is possible to make tens of thousands in monthly profit, but also possible to go bankrupt.  The key is to understand what you need to do to reach profitability.

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 Bar template now for $99

BUY

The template price: $

99

USD

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

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