Financial Modelling Tool for Interior Designers
As an interior design business owner, understanding how your cash flow fluctuates 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 design projects and business growth.
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Model your interior design 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: Interior Design Studio
- Time Period: Monthly (ideal for tracking project-based income and ongoing expenses)
Income Components
- Component: Design Services
- Sub-components:
- Residential Interior Design – £5,000 per project (2 projects per month = £10,000)
- Commercial Interior Design – £8,000 per project (1 project per month = £8,000)
- Consultation Fees – £250 per session (10 sessions per month = £2,500)
- Sub-components:
- Component: Product Sales
- Sub-components:
- Furniture & Décor Resale – £1,000 per project (3 projects = £3,000)
- Custom-made Pieces – £2,500 per month
- Sub-components:
- Component: Additional Income
- Sub-components:
- Project Management Fees (10% of total project cost) (~£2,000 per project, 2 projects = £4,000)
- Affiliate Commission from Suppliers – £1,000 per month
- Sub-components:
Expenditure Components
- Component: Operational Costs
- Sub-components:
- Studio Rent – £1,500 per month
- Staff Salaries – £10,000 per month (designer assistants, admin)
- Freelancer Fees – £2,000 per project (3 projects = £6,000)
- Material Samples & Procurement – £2,500 per month
- Sub-components:
- Component: Marketing & Admin Costs
- Sub-components:
- Website Hosting & Software – £200 per month
- Marketing & Advertising – £1,500 per month
- Professional Development – £500 per month (workshops, memberships)
- Accounting & Legal Fees – £1,000 per year
- Sub-components:
Asset Components
- Component: Fixed Assets
- Sub-components:
- Studio Equipment & Furniture – £15,000 (depreciated over 5 years)
- Design Software Licenses – £5,000 (depreciated over 3 years)
- Sub-components:
- Component: Current Assets
- Sub-components:
- Cash Reserves – Starting at £10,000
- Accounts Receivable – £6,000 (outstanding client invoices)
- Sub-components:
Funding Components
- Component: Business Loan
- Sub-components:
- £20,000 at 5% interest over 3 years (monthly repayment ~£600)
- Sub-components:
- Component: Personal Investment
- Sub-components:
- Initial Capital Contribution – £10,000
- Sub-components:
Scenario Planning in Brixx
- Project Volume Changes
- Model different numbers of residential/commercial projects to assess financial impact.
- Supplier Cost Increases
- Simulate rising material costs affecting project margins.
- Late Payments & Cash Flow Gaps
- Test how delays in payments affect working capital.
- Hiring Decisions
- Evaluate how hiring another designer impacts profitability.
Dashboard & Reporting
- Cash Flow Report:
- Track monthly cash inflows vs. outflows.
- Balance Sheet:
- Monitor assets, liabilities, and net worth of the business.
- Profit & Loss Statement:
- View total revenue, cost of sales, and net profit per period.
- Custom KPIs:
- Profit per Project
- Operating Margin
- Revenue per Designer
Who can use this Brixx template?
- Interior designers
- Design consultants
- Home staging professionals
- Studio owners and freelance designers
Brixx is a great tool for:
- Anyone managing the financial planning and budgeting for an interior design business
- Interior designers, accountants, or business owners overseeing project budgets, expenses, and revenue streams
What are the benefits for interior design businesses?
- The template is tailored to the interior design industry, covering all aspects of project budgeting and financial planning
- Effortlessly model cash flows, design fees, material costs, and client payments
- Easily interpret results and graphs to assess project profitability
- Quickly evaluate the impact of new revenue streams, such as consulting services, product sales, or design packages
- Receive immediate feedback when modelling different pricing scenarios, supplier costs, or project scopes
Strategic forecasting in Brixx
- Calculating the profitability impact of different pricing models and service offerings
- Demonstrating projected earnings to support business loans or investments
- Forecasting and budgeting for materials, contractor fees, and operational expenses
- Anticipating financial requirements for expanding your design team or studio space
- Evaluating the impact of market trends and client demand on your revenue and expenses
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"Brixx is great for analysing at which point I can recruit new staff."
Nikki Bisel, Seafoam MediaGet started with the best financial projection software - today!
Financial modelling software is essential for interior design businesses, offering the insights needed to plan and manage projects effectively. By forecasting costs, designers can gain a clearer picture of their financial landscape. Additionally, forecasting potential income from design projects, consultations, and product sales enables informed decisions on business growth, resource allocation, and risk management.
The ability to identify industry trends, adjust pricing strategies, and plan for fluctuations in demand further enhances an interior designer’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 interior design businesses confidently navigate the complexities of financial planning.
Investing in expert financial modelling software like Brixx empowers you to optimise your business finances and strategically forecast the future of your interior design firm.