Estimating Revenues And Expenses For A New Location

Calculating the Potential Profitability of Your New Location

What you'll learn

Recall how to project revenues for a new location

Recall how to project expenses for a new location

Identify pros and cons of buying vs leasing a new location

Recognize common building loan considerations

Requirements

None

Description

Growth is exciting. We can take what’s working and do more of it for increased profit and cash flow. Adding a location is one way to do this. A new location is a major commitment of time and money with the potential to expand our business and increase our profit.A new location doesn’t always go how we planned, though. Sales come in much lower than we thought. It cost us more to open the location than estimated. It’s pulling more resources from our existing operations and strategy than anticipated. Could we have better anticipated this?In this course, I’ll explain how to project common revenue and expense items for a new location. You'll learn some pros and cons of leasing versus buying a building. If you're thinking about buying, I'll give you some building loan tips.There’s a lot of thought and research about adding a location that goes far beyond the scope of this course. This course is focused on the financial analysis of the location and how a new location fits financially into your larger strategy. Here are some things I don’t cover or don’t cover in detail:· Merger and Acquisition (M&A) Analysis· Analyzing where to locate the store

Overview

Section 1: Estimating Revenues and Expenses for a New Location

Lecture 1 Welcome and Overview

Lecture 2 Text Version of the Course

Lecture 3 Ways to Project Numbers

Lecture 4 Estimating Revenues

Lecture 5 Buying or Leasing the New Location

Lecture 6 Building Loan Considerations

Lecture 7 7 Ways to Get the Best Loan Pricing

Lecture 8 Estimating Expenses

Lecture 9 Net Contribution and Cash Flow Analysis

Lecture 10 Projection Templates

Lecture 11 Business Growth Checklist

Lecture 12 Bonus Lecture

Business owners or staff considering opening a new location,Business advisors who help business analyze a new location