HVAC Services Pro Forma
Operating Businesses Excel Template (Free Download)
Convert branch growth, technician utilization, service mix, memberships, and parts attach into a projected HVAC platform output.
professionals from Deloitte
About this pro forma
This pro forma presents projected financial results for a multi-branch HVAC and plumbing services platform. The underlying Excel model is the engine: branch count and crew utilization generate jobs, service tiers and memberships generate revenue, and technician labor, dispatch, fleet, capex, working capital, and overhead produce projected cash flow and value.
Use the output to assess branch productivity, mix and pricing, labor leverage, expansion funding, and enterprise value.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the HVAC Services Pro Forma
- Projected branch roll-forward, technicians, utilization, and service jobs
- Projected revenue by maintenance, repair, replacement, and adjacent services
- Projected memberships, parts attach, ticket, and gross margin
- Projected technician, dispatch, fleet, overhead, EBITDA, and net income
- Projected branch build-out and maintenance capex with free cash flow
- Projected revenue per branch, margins, EV, and value per share
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does the HVAC services pro forma project?+
It projects branches, technicians, jobs, service mix, memberships, revenue, profitability, cash flow, and valuation.
How are service jobs projected?+
Branches, jobs per branch, technician capacity, and a utilization ramp determine total service jobs.
Why separate service tiers?+
Maintenance, repair, replacement, and adjacent work have different tickets and margins, so mix drives the projected result.
Can I test a branch expansion?+
Yes. Change new branches, utilization, service mix, tickets, staffing, build-out costs, and valuation assumptions.
Have more financial modelling questions? Contact us
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