Financial Modelling Tool for Architects
As an architect, understanding how your cash flow may fluctuate throughout the year and knowing when to make strategic decisions is essential. Brixx offers the financial tools you need to gain timely and crucial insights to guide your architectural projects.
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Model your architecture business in Brixx - see how quickly your finances can make sense!
We are working on creating this template in Brixx. Although it isn’t available just yet, you can follow the guidance below to help get started. If you need any further assistance, don’t hesitate to get in touch – we’re here to help!
Project Setup
- Project name: Architectural Firm Business Model
- Time period: Monthly (to track revenue from projects and ongoing expenses)
Income Components
- Component: Project-Based Revenue
- Sub-components:
- Residential Architectural Design – £15,000 per project (average 2 projects per month)
- Commercial Architectural Design – £30,000 per project (average 1 project every two months)
- Interior Design Services – £8,000 per project (average 3 projects per quarter)
- Planning & Permitting Consultancy – £2,500 per engagement (5 engagements per month)
- Sub-components:
- Component: Additional Income
- Sub-components:
- 3D Rendering & Visualisation Services – £5,000 per project (1-2 projects per month)
- Sustainability Consultation – £3,000 per project (2 projects per quarter)
- Project Management Fees – 5% of project value (£2,000-£5,000 per project)
- Training & Workshops for Young Architects – £500 per attendee (5 attendees per month)
- Sub-components:
Expenditure Components
- Component: Operational Costs
- Sub-components:
- Office Rent & Utilities – £3,000/month
- Software Subscriptions (AutoCAD, Revit, Brixx, etc.) – £1,000/month
- Employee Salaries (3 Architects @ £4,000, 2 Assistants @ £2,000) – £16,000/month
- Freelance Consultants (Structural Engineers, MEP Consultants, etc.) – £5,000/month
- Travel & Site Visits – £1,500/month
- Printing & Materials – £500/month
- Sub-components:
- Component: Administrative Costs
- Sub-components:
- Legal & Accounting Fees – £3,000/year
- Marketing & Advertising (Website, Social Media, SEO, Events) – £2,000/month
- Professional Membership Fees (RIBA, ARB) – £500/year
- CPD & Training Courses – £1,200/year
- Sub-components:
Asset Components
- Component: Fixed Assets
- Sub-components:
- Office Property (if owned, otherwise lease is an expense) – £500,000 (appreciation 2% annually)
- Workstations & IT Equipment – £20,000 (depreciated over 5 years)
- 3D Printers & Plotters – £10,000 (depreciated over 5 years)
- Sub-components:
- Component: Current Assets
- Sub-components:
- Cash Reserves – £50,000 (starting balance + surplus)
- Accounts Receivable (Outstanding client payments) – £40,000
- Work in Progress (Unbilled project stages) – £25,000
- Sub-components:
Funding Components
- Component: Business Loans
- Sub-components:
- Start-up Loan (5-year term at 6% interest) – £100,000
- Equipment Financing (for computers & software) – £20,000
- Sub-components:
- Component: Personal Investment
- Sub-components:
- Initial Founder Investment – £50,000
- Sub-components:
- Component: Future Funding (Optional)
- Sub-components:
- Government Grants for Sustainable Design – £10,000 (one-time)
- Angel Investor or VC Funding (if scaling business) – £200,000
- Sub-components:
Scenario Planning in Brixx
- Project Delays
- Model a 20% reduction in income if projects take longer than expected.
- Staff Expansion
- Forecast impact of hiring an additional architect (£4,000/month salary).
- Software Cost Increases
- Test how a 10% rise in software fees affects net profit.
- Market Downturn
- Simulate a scenario where project volume decreases by 30%.
Dashboard & Reporting
- Cash Flow Report
- Track cash inflows from client payments vs. outflows for salaries and expenses.
- Balance Sheet
- Monitor assets, liabilities, and equity as business grows.
- Profit & Loss Statement
- Review revenue sources and cost breakdowns for financial performance.
- Custom KPIs
- Project Profit Margins: Revenue per project vs. associated costs.
- Utilisation Rate: Billable hours vs. total hours worked.
- Break-even Analysis: Monthly revenue required to cover expenses.
Who can use this Brixx template?
- Architects
- Architectural firms
- Independent designers and consultants
Brixx is a great tool for:
- Anyone managing the financial planning and budgeting for architectural projects
- Architects, firm owners, or project managers overseeing design costs, funding, and expenses
What are the benefits to architects?
- The template is tailored to the architecture sector, covering all aspects of project planning and financial forecasting
- Effortlessly model cash flows, design fees, project expenses, and financing costs
- Easily interpret results and graphs to assess the profitability of various projects
- Quickly evaluate the impact of new income streams, such as consulting services, licensing, or new project acquisitions
- Receive immediate feedback when modelling different scenarios like project scope changes, material cost fluctuations, or staffing adjustments
Strategic forecasting in Brixx
- Calculating the profitability impact of different project sizes and client types
- Demonstrating projected earnings and cash flow stability to support funding applications
- Forecasting and budgeting for design phases, staffing needs, and project expenses
- Anticipating financial requirements for expansion, new hires, or office upgrades
- Evaluating the impact of market fluctuations on project costs and revenue
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“Being able to run a variety of scenarios on Brixx was crucial to our first year of planning.”
Jack Berryman, MintMechGet started with the best financial projection software - today!
Financial projection software is essential for architects, offering the insights needed to plan and manage project finances effectively. By forecasting costs, architects can gain a clearer picture of their financial landscape. Additionally, forecasting potential revenue from design fees and project acquisitions enables informed decisions on business growth, resource allocation, and risk management.
The ability to identify market trends, adjust pricing strategies, and plan for fluctuations in project costs further enhances an architect’s ability to succeed in the long term. With over 20 years of business modelling experience, Brixx stands out as a trusted solution, offering a robust set of features to help architects confidently navigate the complexities of financial planning.
Investing in expert financial modelling software like Brixx empowers you to optimise project portfolios and strategically forecast the future of your architectural business.