LYLyric Financial Model
Hardware/Deep-tech Startup Financials (Free Excel Download)
Lyric designs boutique "Creative Suites" - short-stay living spaces - combining purposeful interior design with technology for creative, connected travelers.
professionals from Deloitte
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About this model
Lyric creates boutique Creative Suites for short-stay travellers, combining hospitality design with technology. Unlike a pure accommodation marketplace, it operates or controls inventory, so the quality of each property and the economics of furnishing, occupancy, and local operations directly affect margin.
The model is therefore a property-operating business. Revenue depends on units available, occupancy, ADR, and stay length, while costs include leases or property arrangements, cleaning, maintenance, local staffing, distribution, and overhead. City-level ramp and unit density are important because fragmented inventory weakens operating leverage.
Model units by market, openings, occupancy, ADR, length of stay, and ancillary revenue. Include property costs, cleaning, maintenance, furnishing, distribution commissions, local teams, and overhead. Market ramp, occupancy, price, property margin, unit density, expansion pace, and fixed-cost leverage should drive scenarios.
A turnkey financial model
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.
About Lyric
http:lyric.co.uk
How to build a detailed financial model for Lyric
A complete walkthrough of the business, drivers, and assumptions behind the downloadable Lyric model - distilled from its pitch deck and publicly available information.
Product & value proposition
Lyric's "Creative Suites™" are branded short-stay accommodations positioned as an alternative to generic hotels. The offering centres on three pillars - Bold, Human, Delightful - expressed through interior design, materials, technology, and local community programming. Mission: "Lyric designs Spaces & Technology for a more creative and connected world." Value prop: personalisation, purposeful design, and local discovery for business/creative travellers who want to feel at home everywhere.
Note: This deck is a Design Ethos / Brand Deck, not a fundraising or investor pitch. It contains zero financial slides - no revenue, no market sizing, no unit economics, no traction metrics, no funding ask, no team slide. All financial model inputs below are assumptions.
Team & funding ask / use of funds
Recommended financial model
- Archetype + why: Hospitality / short-term rental (STR) unit-economics P&L, building up from a property-level model to a portfolio model. Lyric operates individual suite clusters; the right model is a per-property RevPAR / occupancy P&L rolled up across a portfolio of locations, with a management-fee layer if asset-light. If the business leases the apartments itself, a full 3-statement model with lease liabilities (IFRS 16 / ASC 842 style) is appropriate. Given the brand-only nature of this deck, start with a simplified operator P&L (not a full 3-statement) until lease structure is confirmed.
- Forecast horizon & granularity: 5-year annual model (Years 1–5), with Year 1 monthly for cash-flow planning. - standard for early-stage hospitality operators.
- Key drivers & assumptions:
- Number of properties (locations): start with 1 at model open; ramp
- Suites per property: ~10–30 units, typical boutique operator range
- Average Daily Rate (ADR): $150–$250/night, premium urban STR
- Occupancy rate: 65–75% stabilised; lower in ramp months
- RevPAR = ADR × Occupancy: derived
- Revenue per suite per year = RevPAR × 365: derived
- Property lease / fixed cost per suite: must be sourced; key swing variable
- Cleaning / variable cost per occupied night: ~15–20% of ADR
- Technology / platform cost per suite per month: $50–$100
- Corporate overhead (design, brand, ops): fixed cost layer
- Gross margin per property: 30–45% at stabilisation, before corporate overhead
- New property ramp time to stabilised occupancy: 3–6 months
- Scenarios (Base / Bull / Bear - which variables flex):
- Bear: Low ADR ($150), occupancy 55%, slow unit count growth, high lease cost
- Base: ADR $200, occupancy 70%, moderate portfolio expansion
- Bull: Premium ADR ($250+), 80% occupancy, faster property rollout, management-fee model keeps capex low
- Required sheets / outputs:
- Assumptions - all drivers in one place, scenario toggle
- Property-Level P&L - per-unit revenue, variable costs, contribution margin
- Portfolio Roll-Up - sum across locations by year
- Corporate P&L - overhead, EBITDA, net income
- Cash Flow - operating CF, capex for fit-outs, lease deposits
- Balance Sheet (if full 3-statement needed)
- KPI Dashboard - ADR, RevPAR, occupancy %, portfolio size, EBITDA per suite
Frequently asked
Is the Lyric financial model free?+
Yes. The Lyric model is a free Excel (.xlsx) download with live formulas. Sign up with your email and the workbook is yours to keep, review, and edit.
What's included in the model?+
A 5-year monthly forecast with P&L, cash flow and runway, valuation (exit multiple plus a DCF cross-check), MOIC/IRR returns, and unit economics, with live formulas throughout.
How was this model built?+
It was built from Lyric's pitch deck and publicly available information, then structured to investment-banking standards as a fully editable Excel model.
Can I change the assumptions?+
Yes. You can change assumptions and the live formulas will recalculate in the downloadable Excel model.
Have more financial modelling questions? Contact us
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.
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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.
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