Skip to content
The Financial Modeller
Build free
Not-for-profits, clubs and member organisations

Licensed club financial model, built free.

A three-statement Excel model for a licensed member club (RSL, leagues, bowls, golf and workers' clubs), built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

A member-owned not-for-profit club earning bar, food, gaming and function revenue plus subscriptions, reinvesting surpluses in facilities and community contributions, taxed only on non-member income under mutuality (or exempt), and often growing by amalgamating with smaller clubs or developing surplus land.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Licensed club sample model.xlsx
The Summary sheet of the sample licensed club model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for a licensed club.

  1. How it earns revenue3 formulas
    Memberships and subscriptions · All member segments
    Subscription and membership revenueSubscription revenueJoining fees
    Memberships and subscriptions · All member segments
    Closing subscriptions received in advanceClosing membersAnnual subscriptionAverage months of subscription unexpired at each period end
    Memberships and subscriptions · All member segments
    Closing membersOpening membersNew membersMembers lapsed
  2. What drives its costs3 formulas
    Cost of goods sold and content costs · All venues
    Cost of goods sold and content costsBeverage cost of salesFood cost of salesMerchandise cost of salesContent costs on admissions
    Venue labour costs · All venues
    Venue labour costsVenue revenuefrom venue revenue and site EBITDAVenue labour (% of venue revenue)
    Other venue operating costs · All venues
    Other venue operating costsUtilitiesRepairs and maintenanceMarketing and promotionsSecurityCleaningEntertainmentLicences and insurance
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

16 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • LeasesLease register
  • New venues, acquisitions and refurbishments (top-down)Openings schedule with ramp to maturity
  • Memberships and subscriptionsRenewals, lapses and new membersMembers by class and the subscriptions, joining (entrance) fees and levies they pay — for clubs, associations, professional bodies and member-based charities — recognised over the membership year, with renewals billed in advance held as deferred revenue.
  • Venue registerOpening date, closing date and capacity
  • Food, beverage and secondary spend revenueCovers × average spend per head
  • Cost of goods sold and content costsMargin by revenue stream
  • Venue labour costsWages as % of revenue
  • Other venue operating costsCost lines with growth
  • Venue revenue and site EBITDA
Key numbers

The numbers it tracks.

  1. 01members
  2. 02gaming revenue per machine
  3. 03bar and food margin
  4. 04wage ratio
  5. 05EBITDARD
  6. 06community contributions
  7. 07debt to EBITDA
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
Related models

More in not-for-profits, clubs and member organisations.

Every not-for-profit and government model

Looking for a licensed club financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.