A Business Feasibility Study Conducted On Quot Trendy Buffet Quot

NATIONAL COLLEGE OF BUSINESS AND ARTS
TRENDY BUFFET
A Feasibility Study
Presented to the Department of Business Administration
National College of Business and Arts
Taytay, Rizal
In partial fulfillment of the requirements
for the Bachelor’s degree in Business Administration
By
Abejero, Neil John D.
Gonzales, Kaye Trina C.
Lutao, Erica B.
Merced, Vince Robin C.
Pulumbarit, Roy Benjamin B.
Tidalgo, John Andriane M.
Villanueva, Hazeleen S.
October 2016

APPROVAL SHEET
In partial fulfillment of the requirements for the Bachelor’s degree in
Business Administration of National College of Business and Arts (NCBA), Taytay
Campus, this Feasibility Study on the business “Trendy Buffet” has been prepared
and submitted by Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao,
Vince Robin C. Merced, Roy Benjamin B. Pulumbarit, John Andriane M. Tidalgo,
and Hazeleen S. Villanueva who are, hereby, recommended for an oral
examination.
Prof. Jasmin V. Mayo, MBA
Adviser
Approved by the committee on oral examination with the grade of _______%.
Mr. Joel P. Wanagen, CPA, MBA Ms. Kathelyn D.J. Samson, MBA
Member of the panel Member of the panel
Ms. Rosadel C. Jarmin, MBA
Member of the panel
Accepted as a partial fulfillment of the requirements for the Bachelor’s
degree in Business Administration.
Date of oral examination: September 15, 2016
Dr. Avelino S. De Chavez
Dean

ACKNOWLEDGMENT
First and foremost, the proponents would like to glorify the Lord God
Almighty for His guidance and for the strength, knowledge, wisdom and patience
He had given all throughout the duration of this study. The glory, honor and praise
be to His name alone.
Acknowledgment is deserved for the energy, patience, time, knowledge,
diligence and support of their respected professor and adviser of this study, Mrs.
Jasmin Mayo, has shared in the process of making this feasibility study. The
proponents are sincerely grateful for pushing us to finish this work well. Thank you
for never giving up on us.
To the critic of this study, Ms. Charmaine Gaye Lopez, who have helped the
proponents finish this study correctly and diligently, and had share her knowledge,
experiences and ideas to further improve it, thank you very much.
The proponents would also like to express their gratitude to their families,
most specifically to their parents, who have supported them physically, financially,
and emotionally. Their support, trust, wisdom, and guidance has given them the
strength and inspiration to further finish this business plan.
The proponents would also like to thank all the respondents who have took
time and cooperated in answering the survey questionnaire to finish this study.

To all their friends, classmates, schoolmates, and other professors who
have cheered them up and supported them in the process, and to these special
people who have continually inspired them, thank you.
TABLE OF CONTENTS
Content Page #
I. Title page i
II. Approval Sheet ii
III. Acknowledgment iii
IV. Table of contents iv
V. List of figures ix
VI. List of tables xi
VII. Executive Summary 1
Business Description 1
Market Feasibility 1
Technical Feasibility 1
Organizational and Managerial Feasibility 2
Financial Feasibility 2
Socio-economic Feasibility 3
Project Implementation Table 3
VIII. Part 1: Business Description 4
Project Proponents 4
Proposed Name 5

Content Page #
Mission 5
Vision 5
Logo 6
Type of Business Organization 6
Proposed Project Location 7
History 9
IX. Part 2: Market Feasibility 10
Market Description 10
Primary Target Market 11
Factors that Affect Demand 11
Marketing Program 12
Marketing Strategy 14
Survey Questionnaire 16
Demand Structure 19
X. Part 3: Technical Feasibility 30
Operational Activity 30
Waste Management Disposal 31
Physical Facilities 31
Floor Plan 32
Store Process 33
Safety Control Measures 35
Materials - Administrative 35

Content Page #
Equipment and Tools 39
Uniforms and I.D. 43
XI. Part 4: Organizational and Managerial Feasibility 44
Organizational Structure 44
Form of Organizational Business 45
Articles of Partnership 46
Policies and Guidelines 50
Conditions of Employment 54
Payments of Employees 64
Duties and Responsibilities 67
Work Schedule 71
XII. Part 5: Financial Feasibility 73
Statement of Assumption 73
Statement of Financial Position 77
Income Statement 78
Statement of Changes in Partner’s Equity 79
Statement of Cash Flow 81
Note 1: Cash and Cash Equivalent 82
Note 2: Projected Service Income 82
Note 3: Projected Cost of Service 82
Note 4: Salaries 83
Note 5: Employee’s Uniform and ID’s 83

Content Page #
Note 6: Supplies - Administrative 84
Note 7: Rent 84
Note 8: Leasehold Improvement 84
Note 9: Utilities Expense 85
Note 10: Advertising Expense 85
Note 11: Miscellaneous Expense 85
Note 12: Property, Plant and Equipment 86
Note 13: Permits and Licenses 88
Note 14: Janitorial and Maintenance Expense 89
Note 15: Safety Tools Expense 89
Note 16: Benefits 90
Financial Ratio 93
XIII. Part 6: Socio-Economic Feasibility 94
The Employees 94
The Local People 95
The Municipality 95
The Environment 95
The Country As A Whole 96
SWOT Analysis 97
XIV. Part 7: Project Implementation Table 98
Part 1: Business Description 99
Part 2: Market Feasibility 100

Content Page #
Part 3: Technical Feasibility 101
Part 4: Organizational and Managerial Feasibility 102
Part 5: Financial Feasibility 103
Part 6: Socio-economic Feasibility 105
Part 7: Project Implementation Table 106
XV. Appendices
Appendix A: Curriculum Vitae of the Proponents 107
Appendix B: Curriculum Vitae of the Critic 115
Appendix C: Business Permits 118
Appendix D: Business Forms 125
Appendix E: Tally Sheet 148
Appendix F: Demand Analysis 150

LIST OF FIGURES
Page #
Figure 1.1 Trendy Buffet logo 6
Figure 1.2 Fibertex building where the business will be located 8
Figure 1.3 The map of the business location and other
establishment around the area
8
Figure 2.1 Demographic profile of respondents according to
gender
19
Figure 2.2 Demographic profile of respondents according to civil
status
19
Figure 2.3 Demographic profile of respondents according to
working status
20
Figure 2.4 Demographic profile of respondents according to age 21
Figure 2.5 Respondents’ type of business they had 21
Figure 2.6 The reasons why respondents engaged on this type of
business
22
Figure 2.7 The respondents’ monthly income in their business 22
Figure 2.8 The respondents’ preference to rent a space for
business
23
business
24

Page #
business
24
Figure 2.11 The respondents’ response if Cainta is the best/most
strategic place for their business
25
Figure 2.12 The factor that the respondents consider for current
business location
26
Figure 2.13 The places where respondents want to rent 26
Figure 2.14 The respondents preferred operation hours of the
store
27
Figure 2.15 The respondents who prefer to avail outsource
manpower
28
Figure 2.16 The respondents’ preferred number of workers in a
business
28
Figure 2.17 The respondents’ preferred monthly salary bracket for
the workers
29
Figure 3.1 The floorplan of the store 32
Figure 3.2 The 3D interior plan of the store 32
Figure 3.3 The store process of the business 34
Figure 3.4 The uniform of the employees 43
Figure 3.5 The layout of the Employee Identification (I.D.) cards 43
Figure 4.1 The organizational chart of Trendy Buffet 45

LIST OF TABLES
Page #
Table 3.1 The materials used for administrative purposes 35
Table 3.2 The equipment and tools 39
Table 4.1 Compensation rates given to the general manager 64
Table 4.2 Hourly overtime rates given to the general manager 64
Table 4.3 Compensation rates given to the service crew 65
Table 4.4 Hourly overtime rates given to the service crew 66
Table 4.5 Compensation rates given to the accountant 66
Table 4.6 Schedule of general manager and service crews 72
Table 5.1 Estimated rent expense for 5 years 75
Table 5.2 Statement of Financial Position for years 2017-2021 77
Table 5.3 Income Statement for years 2017-2021 78
Table 5.4 Statement of Changes in Partners’ Equity for Years 2017-
2019
79
Table 5.5 Statement of Changes in Partners’ Equity for Years 2020-
2021
80
Table 5.6 Statement of Cash Flow 81
Table 5.7 Note 1 82
Table 5.8 Note 2 82
Table 5.9 Note 3 82
Table 5.10 Average yearly cost per lessee 83

Page #
Table 5.11 Note 4 83
Table 5.19 Schedule of PPE Purchases 86
Table 5.20 Accumulated depreciation schedule 87
Table 5.21 Furniture and Fixtures schedule 87
Table 5.22 Machineries and Equipment 88
Table 5.24 Permits and licenses expense 89
Table 5.27 Benefits for the Year 2017 90
Table 5.32 Financial ratios 93

Page #
Table 6.1 SWOT Analysis 97
Table 7.1 Gantt chart of Part 1 99

Executive Summary
Business Description
This part tackles about the product to be offered by the proponents of the
business. Trendy Buffet is a shop that provides distinct consignment and rental
services for the online sellers of clothing lines, bags, shoes and other products that
can be sold in-house. Also, this chapter includes the history of the business, its
mission and vision, the proponents of the business, location, type of business
organization and the logo of the business.
Market Feasibility
This part discusses market feasibility. It involves economic analysis, the
demographics of the business, and the demand and supply that may impact the
business. It also tells the primary target market, marketing strategies and
programs, as well as the other factors that may affect the demand. All this
information will help to continually sustain the growth of the business.
Technical Feasibility
This chapter discusses the operational flow of the business and the various
factors that may affect its operation, as enumerated below:

 Operational Activity discusses about the operation hours of the business.
 Waste Disposal System tells about how the waste will be disposed and the
plan used to do so.
 Physical Facilities involves the facilities that the business has to offer.
 Store Process discusses the flowchart of the operation of the business.
 Materials/Equipment lists the materials used for the business to operate.
 Uniforms/Identification Card illustrates the design of the uniform and the
identification id of each employee of the business.
Organizational structure
This chapter is about the organizational structure of the business and its
managerial activities. Organizational structure shows the proponents of the
business. It also contains the organizational chart that signifies the flow of
command, and the articles of partnership that tells what the rights of the owners.
The duties and responsibilities of employees are also defined in this chapter.
Financial Feasibility
This chapter contains financial projections of the proposed business. These
financial projections will help the management to easily understand and quantify
the potential financial capability of the business. The proponents of the business
have a total capital of Php280,000 in cash. Statement of assumptions, projected

financial statements, and other related financial data are being demonstrated in
this part.
Socio-Economic Feasibility
This chapter discusses the socio economic aspect of the business. This
include the duties and responsibilities of the employees, the impact, contributions
and benefits of the business to the local people, municipality, environment,
community and country’s economy as a whole.
Project Implementation Table
The last part of the feasibility study is the project implementation table. This
includes the Gantt chart table that demonstrates the timetable of the activities of
the project, and the references of the members.

Part 1
Business Description
Online shopping is a practice where the client directly buys goods or
services from a seller in a real time or without an intermediary service over the
internet. Trendy buffet will therefore serve as a liaison shop that will offer rental
and marketing services to online businesses as it will provide them not just a
physical place but will also market their product to the public. The concept of the
business is to create a place where both big and small online shops are gathered
together to also sell their products physically. Trendy buffet will tender services to
the clients that will satisfy them by simply offering them a good working
relationship, and to the customer through friendly assistance as the business has
well-trained sales personnel to help them.
This chapter discusses the description of the business including the project
proponents, proposed name of the business, mission, vision, logo description, type
of business organization, project location and history.
Project Proponent
The proponents of this project are the Human Resource Development
Management major students of National College of Business and Arts, Taytay,
Rizal, namely, Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao, Vince
Robin C. Merced, Roy Benjamin B. Pulumbarit, John Adriane M. Tidalgo, and

Hazeleen S. Villanueva, currently taking Feasibility Study as part of their
curriculum.
Proposed Name
The name of the proposed business is “Trendy Buffet”, that consists of two
words "Trendy" and “Buffet”. “Trendy” means modern, very fashionable, or up-to-
date as the business will offer up-to-date products that trends in the internet;
"Buffet" is a room or counter in a public place where various types of food and
drinks are laid out from which guests or customers serve themselves, just like how
the business serves various sorts of products from food to clothes. Trendy Buffet’s
uniqueness is shown by serving various trendy products from the internet like food,
clothes, shoes and different types of items all served in one place.
Mission
Trendy Buffet’s mission is to set the standard in managing commercial
spaces to have the best quality, and most comfortable and affordable rental
services, and to ensure the success of the client.
Vision
To strengthen the sales of the leading online shopping stores while
providing quality, innovative, and socially responsible services in the region.

Logo Description
Figure 1.1 The Trendy Buffet logo
The business has chosen this logo for it is simple and attractive. The logo
includes a shirt and a shoe for the business offers different types of product
depending on the online shops. The box signifies a particular space given to each
online shop. The black and white color design signifies that the business is formal,
elegant, and prestigious, which is consistent with the business’ mission in providing
quality, comfortable, and affordable services.
Type of Business Organization
Trendy Buffet is categorized as a general partnership. A general partnership
is a type of business organization composed of two or more persons engaged in a
business for profit. All partners of Trendy Buffet enter into partnership through a

written agreement that covers all terms of the parties’ business relationship. The
partners under this business are the following:
 Abejero, Neil john D.
 Gonzales, Kaye Trina C.
 Lutao, Erica B.
 Merced, Vince Robin C.
 Pulumbarit, Roy Benjamin B.
 Tidalgo, John Adriane M.
 Villanueva, Hazeleen S.
Under this partnership, the partners have agreed that profit and loss of the
business will be equally divided among them.
Proposed Project Location
The partners will secure a commercial building space at the Fibertex
building located at Km. 19 Ortigas Avenue Extension, corner Eagle Street,
Barangay San Juan, Cainta, Rizal, a walking distance away from villages and
subdivisions, residential condominiums, educational institutions, and other
commercial establishments. The primary target markets of the business are the
young professionals, students, and the residents that are near in the location.
The commercial space is available for a one-year lease contract with an
option for extension and has a monthly rental fee of Php25,000, excluding
expenses for utilities. At the beginning of the operation, 3 months of advance rental

worth Php75,000 will be paid. The annual rental fee amounts to Php300,000. For
convenience purposes, an open parking space in front of the commercial building
and at the back that is available for workers and patrons. It can be easily accessed
through the Ortigas Avenue Extension, the Eagle Street in Don Mariano
Subdivision, and the Hunter ROTC Guerilla Street.
Figure 1.2 The Fibertex building where the business will
be located
Figure 1.3 The map of the business location and other
establishments around the area

History
In 2016, a group of students of National College of Business and Arts in
Taytay, Rizal started a Feasibility Study that led in creating a retail shop. These
students got together and envisioned of a shop where people could physically buy
products that are also sold in the internet. This plan was developed into a concept
and soon, the concept became a reality. The owners decided to start a business
called “Trendy Buffet”.
Proponents decided to establish the business in a commercial property in
Cainta, Rizal that is located in a commercial and residential area and in a corner
of a major road connecting a subdivision and within a walking distance from a
tertiary school and other commercial establishments. The business is intended to
be involved and connected towards its customers, its employees, the local
producers, the community, the environment, and its stakeholders.

Part 2
Market Feasibility
Marketing feasibility discusses the description of the industry, current
market, anticipated future market potential, competition, sales projections and
potential buyers. These are important to the progress of the business as these
serve as business development factors.
This chapter also includes the description of the market, factors affecting
demand, market program, market strategy, survey form, and the target market of
the business.
Market Description
Trendy Buffet offers rental services to online businesses by providing good
quality marketing programs and customer service in the store. The business
belongs with malls, bazaars, flea markets (tianggê) and other establishments that
offers consignment and rental services.
The location brings in walk-in customers from the schools and businesses
around the area, and the online services brings in clients ordering in the internet
that will be picked up in the store. Trendy Buffet also gives convenience and
comfort to its customers by having a convenient store layout, a refreshing
environment, and a clean place to shop. The shop also provides cheaper rental

rates, wherein marketing and customer services are also included, than flea
markets and malls near the location.
Primary Target Market
The business primarily targets online business owners who are looking for
a space where they can place their products and make it more visible in the market
and to the consumers. Trendy Buffet targets online sellers aged 18-40 years’ old.
Young entrepreneurs and small and medium business owners who are selling
customized items, fashionable items and gadgets, and sells them in the internet or
in the market are one of the target markets of the business.
Trendy Buffet is also a one-stop shopping store for trendy products found
online, from fashion items, gadgets, to food for all ages. The young ones and elders
can drop by and purchase the best and finest products from the shop. Teenagers
and young professionals who love accessories, fashionable items and gadgets,
professionals with a stable income aged 30-40 years’ old who love to buy quality
trendy stuff, students from a school campus near the vicinity of the business, and
the residents near the location are among the customers the business targets.
Factors That May Affect the Demand
The domestic economy is one of the biggest external factors that may affect
the demands of the business. When the economy of the country is in the good

condition, the flow of demand is stable. Also, the bank transaction and activity of
the people like interest rates, the availability of the credit, and consumer spending
are external factors that can rarely be controlled.
Trend also comes as a big factor as every now and then. The likings and
tastes of the consumers constantly change and the product may eventually get
outdated. This may have a consequent effect to demand.
Socio-economic, on the other hand, is a part where the population, income
and wealth of the consumers can contribute to the demand. The bigger the
population, the bigger the chance for demands to increase. The same case
happens when the income of the consumers arises. When income rises, the
demand for the product will increase; when income falls, the demand for the
product will decrease. Other issue includes consumers’ diversity. It may affect the
business negatively or positively depending on the ability to meet the needs of
changing demographics.
Location of the store is also considered. Businesses relay their success to
the area, its visibility to the public, and its good surrounding. These have high
impact on stretching sales and profit of the business.
Marketing Program
The following promotional tactics for generating buzz and awareness about
Trendy Buffet will be implemented:

 Personal selling and word of mouth via networks of friends, stylists and
customers. The business will be promoted through the attitude, appearance
and knowledge of the sales representative. This aims to inform and
encourage the clients to participate in the business.
 Sales representation services. The sales representative will be responsible
for managing lead flow as well as answering sales inquiries in the rental
services with online businesses. This person will also initiate online and
phone communications with prospective sales, leading them to know what
to expect next, and answer the frequently asked questions.
 Unique visual displays in storefront on a weekly basis by being creative with
window and in-store displays, changing them frequently, and simply moving
merchandise to different parts of the store that will attract and expose clients
to unnoticed products on their last visit.
 E-mail newsletters. The newsletters that are sent through e-mail keeps the
clients on top of the news and provides people trends in the business by
giving them quick and easy-to-read information on a monthly basis.
Likewise, clients can opt-out to the newsletter to ensure that the Business
consistently delivers updates to an audience who is actively seeking and is
willing to receive the newsletter. The entry forms for raffles will be used to
collect the clients' e-mail addresses.
 Discount vouchers and bi-annual raffle. Clients may receive coupons that
will enable them to buy a certain product on their next visit at a reduced
price. The business will also conduct raffle promotions twice every year

within the store and in the business’ Facebook page, where lucky clients
can win a special prize.
 ‘Trendy Buffet’ Facebook page. Facebook allows you to create custom
pages, have conversations with the clients, and easily post photos and
videos. It is also very user-friendly, and reaches a wide variety of audiences.
By using a Facebook page, the business can reach out to Facebook users
in the targeted audience for free.
Other important marketing strategies to develop strong customer
relationships (retention) will utilize a different mix of marketing programs.
Marketing Strategy
Trendy Buffet will offer fashionable, customer-oriented, innovative,
refreshing and stylish products. The following marketing strategies will be
employed:
 Product assortment. Beginning with one or limited product lines and
gradually broadening product assortment will lead to enabling to sell more
products to clients who come to the store. This will also help reduce price
sensitivity of clients. Product segments are limited to three (3) product lines
to keep the competitiveness of each product line placed inside the store.

 Store location. Aside from the proximity to the clients, the location of the
store will likely be visited by the target clients in pursuance of their lifestyle,
as they are combining purchases of goods and pursuance of entertainment.
 Price. Items will have predictable low prices rather than occasional price
discounts, and will be priced competitively to generate more demand for
other items and often be the loss leader. Clients will be attracted to the low
prices that may end them up buying much more items.
 Promotion: The promotions will be carried out at the local level that will
provide specific information about the store, such as the location,
merchandise, hours, prices, and special sales through personal selling,
visual displays, newsletters, raffles, and social media sites, and will adapt
cooperative advertising where online businesses develop advertising
campaign, whether in print or online, and feature the name of the business
carrying the product at the end.
 Online orders: Online ordering expands the market, providing customers an
option on where to order. An online ordering interface is implemented at the
forefront of the web presence that allows people to order as soon as they’re
introduced to the product. The ordered product will be picked up and paid
at the shop after two (2) to three (3) days, based on the demand and supply
of the product.

Survey Questionnaire
Trendy buffet is a business that offer a commercial space where you can
find any local online shop in one place that allow consumer to see and evaluate
the product by itself. The purpose of this is to gather data that we can use as our
evidence in our feasibility. Your participation in this survey is completely, voluntary
and all answer gathered here will treated with outmost confidentially. God bless!
Instruction: To answer each question, please put a check on the space provided.
Name: (optional) _______________________ Age: ______ Gender: _________
Civil Status: __ Single __ Married
Status: __ Student __ Unemployed __ Self-employed __ Employed
1. What type of business you have?
a. Online shop
b. Clothing business
c. Gadget/ accessories
d. Others: _______________
2. What are reasons why did you engaged on this type of business?
a. Family business
b. Interest/ passion
c. To earn extra income
d. Main source of income
3. How much is your monthly income in your business?
a. 20,000-30,000
b. 30,000- 40,000
c. 40,000-50,000
d. 50,000 and above
4. Are you willing to rent a space for your business?

a. Very much
b. Fairley eager
c. Not so much
d. Not at all
5. How much are your willing to pay for rental fee?
a. Php5,000-7,000
b. Php7,000-8,000
c. Php8,000- 9,000
d. Php9,000 and above
6. How long to you prefer to engage in a rental contract?
a. 1 year
b. 2 years
c. 3 years
d. others
7. Do you think your current place is the best/ strategic place for your
business?
a. Yes
b. No
c. Somehow, why: ________
d. Maybe, why: __________
8. What are the factor that you consider for current business location?
a. Accessibility and parking
b. Affordability
c. Proximity
d. Store design
9. Given opportunity where do you want to rent?
a. Tiangge
b. Public market
c. Commercial place
d. Other: ________________
10.What is your preferred store operation hours?
a. 7:00 AM to 4:00 PM
b. 8:00 AM to 5:00 PM
c. 9:00 AM to 6:00 PM
d. Others (Please Specify):
11.Would you like to avail outsource manpower?
a. Yes b. No

c. Somehow, why: ________ d. Maybe, why: ___________
12.How many workers do you need?
a. 1 to 2
b. 2 to 3
c. 3 to 4
d. 4 and above
13.How much is the monthly salary bracket for the workers?
a. Php3,000-5,000
b. Php6,000-8,000
c. Php8,000-10,000
d. Php10,000 and above

Demand Structure
Demographic profile of respondents according to gender
Figure 2.1 Demographic profile of respondents according to gender
The pie chart shows that 68 out of 100 respondents or 68% are female while
the remaining 32% are male. It reveals that women are the most people involved
in business.
Demographic profile of respondents according to civil status
Figure 2.2 Demographic profile of respondents according to civil status
32%
68%
MALE
FEMALE
95%
5%
Single
Married

This pie chart shows that out of 100 respondents, 95% are single while the
remaining 5% are single. According to the civil status, the respondents are mostly
single people who have business.
Demographic profile of respondents according to working status
Figure 2.3 Demographic profile of respondents according to working status
The pie chart shows that 44 out of 100 respondents or 44% are self-
employed, while the 28% are employed, the 16% are students, and the 12% are
unemployed. This presents that those who are self-employed are capable to get in
involved in business.
16%
12%
44%
28%
Students
Unemployed
Self Employed
Employed

Demographic profile of respondents according to age
Figure 2.4 Demographic profile of respondents according to age
The pie chart shows that 44 out of 100 or 44% of respondents are from 15
to 25 years of age, while the 39% is from 26-35 years old, the 16% is from 36-45
years old, and the remaining 1% is from the ages 46-50 years old. This presents
that most people involved in business is younger than expected.
Respondents’ type of business they had
Figure 2.5 Respondents’ type of business they had
The pie chart shows that 54 out of 100 or 54% of respondents are involved
in clothing business, while the 23% responded in other type of business, the 12%
is involved in gadgets or accessories’ business, and the remaining 11% of
44%
39%
16%
1%
15-25 yrs old
26-35 yrs old
36-45 yrs old
46-50 yrs old
11%
54%
12%
23%
Online shop
Clothing
Gadget / Accessories
Others

respondents are in online shop business. It reveals that most of respondents are
instill in a common type of business, which is the clothing business.
The reasons why respondents engaged on this type of business
Figure 2.6 The reasons why respondents engaged on this type of business
The pie chart shows that 39 out of 100 or 39% respondents tend to have a
family business, while the 29% are engaged in business to earn an extra income,
the 17% of respondents get involved in business for interest or passion, and the
other 17% chose to have a business as the main source of income. This presents
that most businesses are built by their family.
The respondents’ monthly income in their business
Figure 2.7 The respondents’ monthly income in their business
39%
17%
29%
15%
Family business
Interest / Passion
Earn extra income
Main source of
income
77%
16%
3% 4%
20,000-30,000
30,000-40,000
40,000-50,000
50,000 and above

The pie chart shows that 77 out of 100 or 77% of respondents’ monthly
income from their business is Php20,000 to Php30,000, while the 16% of
respondents earns Php30,000 to Php40,000, the 4% earns Php50,000 and above,
and the remaining 3%’s monthly income is from Php40,000- Php50,000. It reveals
that businesses earns mostly in the Php20,000 to Php30,000 bracket.
The respondents’ preference to rent a space for business
Figure 2.8 The respondents’ preference to rent a space for business
The pie chart shows that 51 out of 100 respondents or 51% responded
“Very Much” in preferring to rent a space for business, while the 23% of
respondents answered “Fairley Eager”, the 17% chose “Not so much”, and the
remaining 9% selected “Not at all”. This reveals that the respondents are very
much preferred to rent a space for their business.
51%
23%
17%
9%
Very much
Fairly eager
Not so much
Not at all

The respondents’ preferred amount for the rental fee
Figure 2.9 The respondents’ preferred amount for the rental fee
The pie chart shows that the 78 out of 100 or 78% of respondents preferred
to pay Php5,000 up to Php7,000 for the rental fee for the space in their business,
while the 17% answered Php7,000 up to Php8,000, the 4% responded for
Php8,000 up to Php9,000, and the 1% of respondents selected Php9,000 and
above. It presents that they could only afford a rental fee amounting between
Php5,000 and Php7,000.
The respondents’ preferred longevity of a rental contract
Figure 2.10 The respondents’ preferred longevity of a rental contract
78%
17%
4% 1%
Php5,000-7,000
Php7,000-8,000
Php8,000-9,000
Php9,000 and above
32%
17%
32%
19%
1 year
2 years
3 years
Others

The pie chart shows that 32 out of 100 or 32% of respondents preferred to
get engaged in rental contract between/from 1 to 3 years, the 19% is undecided
since they answered others, while the 17% wanted to get engaged in a rental
contract up to 2 years. This presents that a rental contract for 1 or 3 years is what
they prefer.
The respondents’ response if Cainta is the best/most strategic place for their
business
Figure 2.11 The respondents’ response if Cainta is the best/most strategic
place for their business
The pie chart shows that 72 out of 100 or 72% of respondents believed that
the current place they occupied is the best or the strategic place for their business,
however, the 23% answered “No”, while the 3% answered “Somehow”, and the
2% answered “Maybe”. It reveals that most businesses believe that Cainta is the
most strategic place to build a business.
72%
23%
3% 2%
Yes
No
Somehow
Maybe

The factor that the respondents consider for current business location
Figure 2.12 The factor that the respondents consider for current business
location
The pie chart shows that 47 out of 100 respondents or 47% rely on the
Affordability as a factor to be considered in choosing their current business
location, while the Accessibility got 25%, the Store Design for 21%, and the
remaining 7% is the Proximity. This reveals that the affordability of the location is
their priority in considering a location for their business.
The places where respondents want to rent
Figure 2.13 The places where respondents want to rent
25%
47%
7%
21%
Accessibility
Affordability
Proximity
Store Design
68%
8%
23%
1%
Tiangge
Public Market
Commercial space
Others

The pie chart shows that 68 out of 100 or 68% of respondents preferred to
rent a place for their business in Tiangge, while the 23% responded to rent in a
Commercial space, the 8% in Public markets, and the 1% answered others. It
reveals that most businesses prefer renting a space in a flea market or tiangge.
The respondents preferred operation hours of the store
Figure 2.14 The respondents preferred operation hours of the store
The pie chart shows that in between 7:00 a.m. to 4:00 p.m. or 8:00 a.m. to
5:00 p.m. is the most appropriate operation hours of their business which both got
42% answered by the respondents, while the 9% of respondents answered in no
particular time, and the remaining 7% chose to operate from 9:00 a.m. to 6:00 p.m.
This presents that they prefer businesses that operates early morning (7AM) until
late afternoon (5PM).
42%
42%
7%
9%
7AM-4PM
8AM-5PM
9AM-6PM
Others

The respondents who prefer to avail outsourced manpower
Figure 2.15 The respondents who prefer to avail outsource manpower
The pie chart shows that 69 out of 100 or 69% of the respondents avail an
outsource manpower, while the 29% of respondents answered “No,” and both
“Somehow” and “Maybe” got only 1%. It presents that mostly preferred manpower
that are outsourced or are employed by an agency.
The respondents’ preferred number of workers in a business
Figure 2.16 The respondents’ preferred number of workers in a business
The pie chart shows that 63 out of 100 or 63% of respondents prefer to have
one (1) to two (2) workers to help in operating their business, while the 26% chose
to have two (2) to three (3) helpers, the 7% answered to be assisted by three (3)
69%
29%
1% 1%
Yes
No
Somehow
Maybe
63%
26%
7%
4%
1 to 2
2 to 3
3 to 4
4 and above

to four (4) workers, and the remaining 4% wanted to have more than four (4)
helpers. It reveals that a business that is operated by one to two people is what
they prefer.
The respondents’ preferred monthly salary bracket for the workers
Figure 2.17 The respondents’ preferred monthly salary bracket for the
workers
The pie chart shows that 78 out of 100 or 78% of respondents answered
that the basic monthly salary of their workers are in range of Php3,000 up to
Php5,000, while the 17% chose Php6,000 to Php8,000, the 4% answered
Php8,000 to Php10,000, and the remaining 1% preferred more than Php10,000.
This presents that they wanted workers having a salary in between Php3,000 and
Php5,000.
78%
17%
4% 1%
P3,000-5,000
P6,000-8,000
P8,000-10,000
P10,000 and above

Part 3
Technical Feasibility
The technical aspect of Trendy Buffet states the operational flow of the
project, and the analysis of various factors that affect its technical and operational
activities.
This includes the equipment, materials, structure plan, and also the source
of the supplies used in the business project. Others include the business plans,
utilities, facilities, layout design, and other operational activities.
The factors explain how strategic plan will be put into business. Technical
or operation planning solves business problems with creative solutions that will
maximize the value of resources. This contains how the activity of the business will
be used, the desire outcomes, and the process for maintaining progress of the
business. It also provides business analysis, management services, and
strategies.
Operational Activity
The office hours of Trendy Buffet will be from 9:00 am until 9:00 pm from
Mondays to Saturdays. Employees are also given 1-hour lunch break and a 15-
minute coffee break in the morning and in the afternoon.

Waste Disposal System
Proper waste disposal in accordance with established environmental
procedures is necessary for the business. A well-managed system must be in
place for collection, transport, treatment and disposal of waste including monitoring
and regulation.
There will be two (2) garbage bins placed inside the store, separately
labeled as non-recyclable and recyclable. Garbage will be properly stored at a
closed waste facility in the commercial establishment after store hours until it is
collected. Solid residual wastes will be collected by the garbage collector thrice a
week, which will be sent to the waste management facility in Rodriguez, Rizal;
recyclable wastes will be sent to junk shops or material processing facilities in
Pasig City.
Physical Facilities
Our parking space will be available for 2 vehicles only. The building has 2
comfort rooms for personal use of customers and employees. It also has a fitting
room for customers, cashier area for the payment of the customer and
administrative papers, locker rooms for personal things of the employees, storage
room for stocks of the product and fire exit in case of emergency.
There will be an inspection by the Guard on duty of all employees and
shoppers as they enter and go out of the store premises. Sales Attendants

assigned to their respective area, are required to always smile and wear their
uniforms and be approachable at all times. The business has a food stand (buffet
style) for dine-in shoppers. In case of emergency it also has a back door fire exit.
Floor Plan
Figure 3.1 The floorplan of the store
Figure 3.2 The 3D interior plan of the store

Store Process
The store process starts with welcoming and greeting of the customers.
After that, they need to assist the customers and ask what they are looking for,
accompany them on the location of the products and let the customers decide if
they will purchase the product or not. After payment, a receipt should be given and
the product is placed in a paper bag. Staffs are also to thank the customer for
shopping and smile.

Figure 3.3 The store process of the business

Safety Control Measure
A guard on-duty is assigned by the building management to all its tenants.
A closed-circuit television (CCTV) camera will be placed inside the store to monitor
all the employees and the shoppers as they come in and go out of the store
premises. In case of emergency, the front door of the store will serve as an exit,
and the stairs will be used to get out of the building.
Materials- Administrative
Table 3.1 The materials used for administrative purposes
MATERIALS QTY. UNIT UNIT PRICE
Ball Pen
1 Box ₱ 63.00
Record Book
2 Pieces ₱ 88.00
Time Card
1 Set ₱ 100.00

Liquid Eraser
1 Box ₱ 150.00
Clear Tape
1 Box ₱ 122.00
Staple Wire
1 Box ₱ 35.00
Tape Dispenser
1 Piece ₱ 99.00
Bench
4 Pieces ₱ 7,600.00

Office Chair
1 Piece ₱ 1,499.00
Office Table
1 Piece ₱ 2,499.00
Desktop Computer
1 Set ₱ 10,000.00
Filing Cabinet
1 Piece ₱ 4,290.00
Bundy Clock
1 Piece ₱ 1,500.00

Wireless Router
1 Piece ₱ 1,200.00
Calculator
1 Piece ₱ 145.00
Stapler
1 Piece ₱ 79.00
Staple Remover
1 Piece ₱ 49.00
Scissors
1 Piece ₱ 50.00

Credit Card Machine
1 Piece ₱ 3,000.00
Telephone
1 Piece ₱ 750.00
Cash Register
1 Piece ₱ 15,000.00
Equipment and Tools
Table 3.2 The equipment and tools
Glass Cabinet
2 Pieces ₱ 12,000.00

Shoe Cabinet
4 Pieces ₱ 17,998.00
Earrings Holder
5 Pieces ₱ 3,750.00
Accessory Holder
5 Sets ₱ 4,750.00
WALL CLOCK
1 Piece ₱ 180.00
Broom and Dust Pan
1 Piece ₱ 150.00

Mop and Pail
1 Piece ₱ 190.00
Feather Duster
1 Piece ₱ 100.00
Trash Can
2 Piece ₱ 1300.00
Exit Sign
1 Piece ₱ 75.00
CCTV CAMERA
1 Set ₱ 9,999.00

Split-Type Air Conditioner
1 Set ₱ 29,999.00
Clothes Hanger
12 Sets ₱ 4,200.00
Clothes Rack
12 Piece ₱ 7,500.00
Fitting Room
2 Sets ₱ 3,999.00
Fire Extinguisher
1 Piece ₱ 1,999.00

Emergency Light
1 Piece ₱ 900.00
UNIFORMS / ID
The business will provide the uniforms of the employees. This include a
white polo shirt, an apron, and a baseball cap. The idea about the uniform is out
of the concept of the uniforms used in restaurants and buffets, since the name of
the shop is Trendy Buffet.
The layout of the uniform and the identification (I.D.) card are as follows:
Figure 3.4 The uniform of the employees
Figure 3.5 The layout of the
Employee Identification (I.D.) cards

Part 4
Organizational and Managerial Activities
The organizational and managerial feasibility, which includes the
Organizational Structure that defines how activities such as task allocation,
coordination and supervision are directed toward the achievement of
organizational aims.
The relation of organizational and managerial feasibility to the business is
that it defines the relationship between the employee and employer that will help
maintain good relationship to function as one. Also, it will help the business to
lessen the grievances and disputes by following the labor code as stated.
The organizational chart contains the level of personnel. On the other hand,
the policies and guidelines help to maintain and regulate the work relationship of
the employee, the condition of employment focusing on the agreement between
the management and employee, the payment of employee which defines how the
management pay the employee, and the responsibilities and duties of the
employee including job description and specification of one particular job.
Organizational Structure
Organizational structure of the business shows the flow of every task and
duties of employees from different levels of management. Since it is a general
partnership, people with same goals of earning profit and enthusiasm are the

owners of this business. The organizational chart gives you the look of skeleton
view of the organization.
Trendy Buffet is a shop located in Cainta, Rizal that provides rental services
to online businesses to place their products. The general manager is the one who
is in charge of the store operations and the four (4) service crews are assigned in
the customer service. It is the responsibility of the sales representative to market
the business and face the clients. The on-call outsourced accountant is the one
who is responsible for the books of accounts of the business.
Figure 4.1 The organizational chart of Trendy Buffet
Form of Organizational Business
The proponents of the business established a general partnership. This
type of business organization is composed of two or more persons engaged in a
business for profit. The partners have equal shares to assets and liability of the
current business.

Articles of Partnership
Of
Trendy Buffet
KNOW ALL MEN BY THESE PRESENTS:
That we, the undersigned partners, all of legal age, residents and citizens
of the Philippines, have on this day voluntarily associated ourselves together for
the purpose of forming a general partnership under the following terms and
conditions and subject to existing and applicable laws of the Republic of the
Philippines:
AND WE HEREBY TESTIFY:
ARTICLE I. That the name of this partnership shall be TRENDY BUFFET
and shall transact business under the said company name.
ARTICLE II. That the purpose for which this partnership is formed is to hold,
manage, and operate a space rental business named “Trendy Buffet”.
ARTICLE III. That the principal place of business of this partnership shall
be located at Km. 19 Ortigas Avenue Ext. corner Eagle Street, Barangay San Juan,
Cainta, Rizal.

ARTICLE IV. That this partnership shall have a term of ten (10) years from
and after the original recording of its Articles of Partnership by the Securities and
Exchange Commission.
ARTICLE V. That the names, nationalities and complete residence
addresses of the partners are as follows:
Name Citizenship Residence
Neil John D.
Abejero
Filipino
Sitio Bagong Silang, Valley Golf.,
Cainta, Rizal
Kaye Trina C.
Gonzales
Filipino
Blk. 45 Sitio Batasin, Brgy. San Juan,
Taytay, Rizal
Erica B. Lutao Filipino
Apartment 31, Elizabeth St. Baltao
Compound, Taytay, Rizal
Vince Robin C.
Merced
Filipino 187 A. Bonifacio Ave., Cainta, Rizal
Roy Benjamin B.
Pulumbarit
Filipino
Blk. 4 Lot 8 Mt. Banaue Rd., Montevista
Heights, Brgy. Dolores, Taytay, Rizal
John Andriane M.
Tidalgo
Filipino
Blk. 8 Lot 29 Lexus Drive, Luxury Villa,
Angono, Rizal
Hazeleen S.
Villanueva
Filipino Ilog pugad, Taytay, Rizal

ARTICLE VI. That the capital of this Partnership shall be the amount of
Five hundred fifty thousand (Php280,000.00), Philippine Currency, contributed in
cash by the partners, as follows:
NAME
AMOUNT
CONTRIBUTED
Neil John D. Abejero ₱ 40,000.00
Kaye Trina C. Gonzales ₱ 40,000.00
Erica B. Lutao ₱ 40,000.00
Vince Robin C. Merced ₱ 40,000.00
Roy Benjamin B. Pulumbarit ₱ 40,000.00
John Andriane M. Tidalgo ₱ 40,000.00
Hazeleen S. Villanueva ₱ 40,000.00
TOTAL ₱ 280,000.00
That no transfer of interest which will reduce the ownership of Filipino
citizens to less than the required percentage of capital as provided by existing laws
shall be allowed or permitted to be recorded in the proper books of the partnership.
ARTICLE VII. That the profits and losses of this partnership shall be equally
divided and distributed among the partners.
ARTICLE VIII. No partner shall withdraw any portion of the capital of the
partnership without the permission of the other partners.

ARTICLE X. That a partner is entitled to have a monthly drawing not
exceeding Php1,500.00 per month. Provided, further, that there would be no
drawing for the first year of operation and no loss shall be incurred in the equity
upon drawing.
ARTICLE XI. That the general partner may be given the right to substitute
an assignee as contributor in his place, provided that he has duly notified his
partners in writing, stating the reasons therefor, five (5) days before effectivity of
said substitution.
ARTICLE XIII. That the remaining general partner or partners shall have
the right to continue the business in cases of death, retirement, civil interdiction,
insanity or insolvency of a general partner.
ARTICLE XVI. That the partners undertake to change the name of this
partnership, as herein provided or as amended thereafter, immediately upon
receipt of notice or directive from the Securities and Exchange Commission that
another corporation, partnership or person has acquired a prior right to the use of
that name or that the name has been declared as misleading, deceptive,
confusingly similar to a registered name, or contrary to public morals, good
customs or public policy.

DATE: October 3, 2016
SIGNED:
Neil John D. Abejero Kaye Trina C. Gonzales
Erica B. Lutao Vince Robin C. Merced
Roy Benjamin B. Pulumbarit John Andriane M. Tidalgo
Hazeleen S. Villanueva
Policies and Guidelines
Policies are rules and regulation that provides the responsibility of
developing the behavior of the employees to prevent the possible problems that
might possibly occur in every aspect. Its implementation will help the employees
to mold in to the most effective and efficient way of performance that will also help
the business well to bring out its maximum potential.

The proponents provide the sets of guidelines that will help the organization
to promote peace, integrity, well-organized and smooth operation in the business
establishment. This part is designed to inform and provide information about the
policies affecting the employees of the business.
Employee Uniforms:
New employees will be provided:
 Polo shirt
 Apron
 Baseball cap
 Identification (I.D.) Card
Employees must provide their own pants. Acceptable uniform pants are
black fitted or skinny jeans. Unacceptable pants include, but are not limited to:
 Wide-legged jeans
 Jeans with wide stitching on the seams
 Ragged jeans
 Leggings
 Dress pants
 Warm-up pants
 Running suit pants
Employee Appearance:

An employee must follow these guidelines regarding employee
appearance:
 Limited size and amount of jewelry is allowed.
 Hair styles should not draw any attention (e.g. hair color, height, length, and
objects worn in hair).
 Long or artificial nails are not permitted.
 A clean-shaven appearance is preferred on all males. The only facial hair
allowed is a mustache that does not exceed the corners of the mouth.
Goatees are not allowed.
 All employees must wear complete uniforms while on duty.
 Earrings on males are not allowed.
 Tongue rings, tongue studs, nose rings, or any other facial rings or piercings
are not allowed while on duty.
 Visible tattoos are discouraged and where present should not be offensive
to others; if deemed to be offensive, they should be appropriately covered.
 Headscarves and long sleeves worn for religious purposes are permitted
for Muslim employees.
Operations:
Employees must be guided by these policies regarding the operational
activities of the business:

 Come in to work completely dressed in a clean and pressed uniform (shirt,
pants, and nametag). Employees are responsible in cleaning and
maintaining their uniform.
 Arrive at the workplace and punch his timecard early or on time for his
official work hours or shift schedule. Arrival after 10 minutes of the start of
his official work hours or shift schedule shall be considered late.
 Chewing gum and eating food of any kind are not allowed while on duty.
 Always respect every individual, including clients and co-workers. Avoid
showing any grossly indecent behavior or using profane language in
addressing another person, regardless of his age, race or religion.
 Smoking cigarettes, vaping, or drinking alcoholic beverages on the
business premises and within the building whether during working time or
not, or reporting for work under the influence of alcohol are not allowed.
 Cheating customers or clients including but not limited to charging of
excessive fees is not allowed.
 Use of mobile phone while on duty is not prohibited. It should not be abused
and should be kept to a minimum. Mobile phones should be used during
break and off-peak periods.
 Addiction, use or possession of illegal drugs or any kind of paraphernalia,
or reporting for work under the influence of illegal drugs are not allowed and
can lead to termination of employment.
 Maintain a work environment and a business free from sexual harassment
and all forms of sexual intimidation and exploitation of or by the employees.

Conditions of Employment
Working Conditions:
A. The customer service staff will follow a six (6) day work week and the
General Manager will follow a five (5) day work week, both with a given
schedule. (As guided by Article 91(1), Labor Code)
B. An employee is provided a one (1) day rest period after six (6) consecutive
normal work days (as per Article 91(1), Labor Code). Depending on
operational demands, an employee may be required to report for work on
his rest day; he shall be entitled to an additional 30% of his regular wage
for a work done on his rest day (as per Article 93(1), Labor Code).
C. Each employee is required to render the maximum ordinary hours of work
to a maximum of 48 ordinary hours of work per week and eight (8) ordinary
hours of work per day (as per Article 83, Book III, Labor Code).
D. Each employee is entitled to a regular one (1) hour unpaid meal break (as
per Article 85, Labor Code) and two (2) 15-minute in-between paid breaks,
following a pre-determined schedule. These breaks shall be properly
scheduled to ensure work or service continuity.
E. Employees shall be paid his regular daily wage on a regular holiday (as per
Article 94(1), Labor Code). If the employee is required to any regular
holiday, he shall be paid a compensation equivalent to twice his regular rate
(as per Article 94(2), Labor Code). Work performed on any special holiday

shall be paid an additional compensation of at least thirty percent (30%) of
the regular wage of the employee (as per Article 93(3), Labor Code).
F. Paydays are on the 15th and 30th of the month, but can be moved to a day
before or after in case payday falls on a weekend or a Holiday. (Wages paid
twice a month at intervals not exceeding sixteen (16) days as per Article
103, Labor Code) All salaries are given personally by the supervisor to the
employees through direct deposit accounts (as per Labor Advisory on
Payment of Salaries through ATM).
Attendance:
A. Unauthorized absences or absence without official leave (AWOL) are
absences from work without prior approval or notification, shall be
considered as without pay. Unauthorized extension of an approved leave
shall also be charged as AWOL. Unauthorized absences shall be a basis
for the imposition of disciplinary action.
B. Employees are required to log-in in the Bundy clock using the timecard. An
employee who fails to file attendance should ask the supervisor’s approval
to confirm, otherwise it shall be considered as AWOL. Failure to file
attendance properly shall merit the employee a disciplinary action.
C. An employee is considered tardy when he reports for work after the start of
his official work hours or shift schedule.

 All instances of tardiness regardless of number of minutes shall be
monitored and shall be made the basis for possible salary deductions
and/or imposition of disciplinary action.
 A 10-minute grace period will be given to each employee.
 An employee who accumulates more than 60 minutes of tardiness
within a month or a year, whichever comes first, shall immediately be
issued a written warning.
 Corresponding per minute deductions will be made against the
employee’s salary for tardiness.
D. Under time means leaving early or leaving before the end of the employee’s
work schedule.
 All instances of under time regardless of number of minutes shall be
monitored and shall be made the basis for possible salary deductions
and/or imposition of disciplinary action.
 Corresponding per minute deductions are made against the
employee’s salary for under time.
E. Overtime work is work performed beyond eight (8) hours a day. The
employee who worked overtime is paid for a compensation equivalent to his
regular wage plus 25%; overtime work on a regular holiday or rest day shall
be paid an additional compensation equivalent to the rate of the first eight
(8) hours plus 30% (as per Article 87, Labor Code).

 Overtime work shall have prior written authorization. The Overtime
Request form must be accomplished and signed by the Supervisor,
not later than one (1) day before the intended date.
 Overtime work rendered without prior authorization will not be
considered for payment.
 Only overtime work performed within the approved authorized period
will be eligible for payment of overtime premium.
 No overtime work shall be extended beyond 10:00 PM.
 Under time work on any particular day shall not be offset by overtime
work on any other day (as per Article 88, Labor Code).
Leaves:
As a reward for continuous and satisfactory service and as mandated by
the law, the employee is given privileges upon fulfillment of certain eligibility
requirements.
A. Incentive leave. Three (3) days of incentive leave shall be given to every
regular employee after the time of probationary employment. The incentive
leave credits shall be given annually, not cumulative, and not convertible to
cash. The leave application of the employee shall be filed to the manager
two (2) days before the day of leave. (Provisions for incentive leave not
applied to those who are employed in establishments regularly employing
less than ten employees as per Article 95(2), Labor Code)

B. Maternity leave. Two (2) weeks prior to the expected date of delivery and
another four (4) weeks after normal delivery or abortion with full pay based
on her regular weekly wage shall be given to any pregnant woman
employee who has rendered a collective service of at least six (6) months
in the business for a year (as per Article 133(1), Labor Code). The maternity
leave application of the employee shall be filed to the manager three (3)
weeks before the expected date of delivery, supported by a medical
certificate signed by a physician or midwife showing that delivery will
probably take place within two (2) weeks.
C. Paternity leave. Seven (7) days with full pay based on his regular daily wage
shall be granted to a married male employee thereof, on the condition that
his wife has delivered a child or suffered a miscarriage (as per Sec. 2, R.A.
8187). The leave application of the employee shall be filed to the manager
two (2) weeks before the expected date of delivery, supported by a marriage
contract and a medical certificate signed by a physician or midwife showing
the pregnancy of his legitimate wife and the expected date of such delivery.
D. Parental leave. Seven (7) working days of parental leave every year will be
granted to any solo parent employee who has rendered service of at least
a year for the purpose of enabling him/her to perform parental duties and
responsibilities where physical presence is required (as per Sec. 8, R.A.
8972). The leave application of the employee shall be filed to the manager
two (2) days before the day of leave.

E. Special leave for women. Two (2) months with full pay based on her gross
monthly compensation will be given to any female employee who have
undergone a surgery caused by gynecological disorder, provided that she
has rendered continuous aggregate employment service of at least six (6)
months for the last 12 months (as per Sec.18, R.A. 9710). The leave
application of the employee shall be filed to the manager one (1) week
before the expected date of delivery, supported by a medical certificate
signed by a physician or an obstetrician-gynecologist showing the need for
a gynecological surgery.
Recruitment and Selection:
The best way to hire good employees and to weed out the unsuitable ones
is to have an excellent recruitment process. Trendy Buffet has a thorough
recruitment process to ensure that those who are hired are suited to the role and
are the right match for the job.
1. An internal and external job posting will be arranged through the referral of
local recruitment agencies and the municipal employment service office.
The job posting will include a local contact who will be responsible for
responding to all queries related to the position from potential applicants
during the advertising period.
2. Applications can be sent directly to the store or to local recruitment agencies
or the municipal employment service office. All applications will then be

reviewed and considered. Candidates who passed the qualifications will be
considered for short-listing.
3. The interview process is a chance for the management to talk to the short-
listed applicants through the role and the opportunities of the job,
discussing the applicants’ skills, technical knowledge and suitability for the
position. Depending on the role, interviews may take place with the
general manager and/or the business owners. The number and type of
interviews may vary.
4. Psychometric assessment is a part of the recruitment process. An
assessment that includes timed ability components (numerical, verbal and
abstract reasoning) and an untimed personality questionnaire will be taken
by the applicants.
5. Once the interviews and assessments have been completed, each
applicant will be measured according who met the selection criteria.
Selected applicants will then undergo reference checks to obtain
information about the candidate’s behavior and work performance from
prior employers that could be critical to decision making, regardless of their
skills, knowledge, and abilities.
6. Upon completion of the recruitment process, the offer to the selected finalist
will be made.

Employment Status:
A. Regular or Permanent Employment. This is given to an employee who has
satisfactorily passed the probationary period after six (6) months.
Supervisors and managers, by virtue of the positions they occupy, may be
hired as regular or permanent employees. (As guided by Article 280, Labor
Code)
B. Probationary Employment. This is given to a newly hired employee. The
standard probationary period is six (6) months. A new employee whose
performance is being evaluated before the end of the probationary period
to determine whether further employment in a specific position or with the
business is appropriate. A probationary employee may be terminated
anytime for valid reasons as stipulated in the policies and guidelines of the
partnership and in accordance with the Labor Code. (As guided by Article
281, Labor Code)
C. Temporary Employment. This is given to whose performance is being
evaluated to determine whether further employment in a specific position or
with the business is appropriate, or individuals who are hired as interim
replacements to assist in the completion of a specific project or for vacation
relief through designated employment agencies. Employment beyond any
initially stated period does not in any way imply a change in employment
status. Temporary employees retain that status until they are notified of a
change. If there is change in the employment status of a temporary
employee, the employee must undergo the probationary employment.

Temporary employees are not eligible for any of the Company’s benefit
programs.
Separation from Employment:
Separation from employment is the permanent cessation of the employer-
employee relations which may be initiated by the employee, by management or by
reasons or causes not directly attributed to either of the two, within the limits of the
Labor Code. Situations under which separation from employment occurs may be
due to but not limited to the following:
 Voluntary Resignation (as per Article 285, Labor Code)
 Unsatisfactory performance during probation (as per Article 281, Labor
Code)
 Retirement (as per Article 287, Labor Code)
 Death
 Termination for cause (as per Article 282, Labor Code)
The following policies and procedures are set up to regulate various kinds
of separation and their consequences. They are defined to ensure that exiting
employee exits on a pleasant note with minimum loss to the organization and self.
A. Notice period. In case of voluntary or involuntary separation (except for
termination for cause), every employee is subject to a notice period of thirty
(30) days (as per Article 285, Labor Code). Employees are expected to
inform the company of their resignation in writing.

B. Retirement. The normal retirement age for a staff member is 60 years old,
but employment is extendable if employee is still capable of performing his
duties regardless of age. Employees reaching 65 years of age are required
to retire. (As per Article 287, Labor Code)
D. Resignation. An employee may resign from his employment at any time
subject to the notice period of thirty (30) days (as per Article 285, Labor
Code). It is the employee’s responsibility to adhere to all required
formalities. The company may withhold settlement of final pay and
remaining benefits of the employee until such time as full payment is
realized from the employee in case of any recovery (as per Article 283,
Labor Code). Under exceptional circumstances, if his superior is satisfied,
he may release the employee at an earlier date.

Payment to Employees
A. General manager
TABLE 4.1 Compensation rates given to the general manager
Type of
employment
Rates (Php)
Hourly
Daily
Regular day Regular Holiday Special day Rest day
Probation 62.50 500.00 1,000.00 650.00 650.00
Regular 72.12 576.92 1,153.85 749.99 749.99
Type of
employment
Daily
Semi-Monthly Monthly Yearly
Holiday /
Rest day
Special /
Rest day
Probation 1,150.00 750.00 6,500.00 13,000.00 156,000.00
Regular 1,500.00 865.38 7,499.99 15,000.00 180,000.00
TABLE 4.2 Hourly overtime rates given to the general manager
Type of
employment
Hourly overtime rates (Php)
Regular day
Regular
holiday
Special day Rest day
Holiday /
Rest day
Special /
Rest day
Probation 78.13 162.50 105.63 105.63 211.25 121.88
Regular 90.14 187.50 121.87 121.87 243.75 140.62

Benefits:
 Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special
leave for women
 Mandatory benefits (SSS, PhilHealth, Pag-IBIG)
 13th-month pay
B. Service crew and Sales representative
TABLE 4.3 Compensation rates given to the service crew and sales representative
Type of
employment
Rates (Php)
Hourly
Daily
Regular day Regular Holiday Special day Rest day
Regular / Probation
/ Temporary
32.88 263.00 526.00 341.90 341.90
Type of
employment
Daily
Semi-Monthly Monthly Yearly
Holiday /
Rest day
Special /
Rest day
Regular / Probation
/ Temporary
683.80 444.47 3,419.00 6,838.00 82,056

TABLE 4.4 Hourly overtime rates given to the service crew and sales representative
Type of
employment
Hourly overtime rates (Php)
Regular day
Regular
holiday
Special day Rest day
Holiday /
Rest day
Special /
Rest day
Regular / Probation
/ Temporary
41.09 85.48 55.56 55.56 111.12 64.1155
Benefits:
 Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special
leave for women
 Mandatory benefits (SSS, PhilHealth, Pag-IBIG)
 13th-month pay
C. Accountant
TABLE 4.5 Compensation rates given to the accountant
Type of
employment
Rates (Php)
Hourly Daily
Monthly
(7 days)
Quarterly
(3 months)
Yearly
Temporary 97.50 780.00 2,340.00 7,020.00 28,080.00

Duties and Responsibilities
Title/ position: General Manager
Reports to: Owners (Partners)
Supervises: 4 service crews
Job Description:
 Monitors the team’s performance.
 Demonstrates skills in business, managerial knowledge and smooth
interpersonal relationship with his team.
 Attracts patrons by developing and implementing marketing, advertising,
public and community relations programs; evaluating program results;
identifying and tracking changing demands.
 Maintains patron satisfaction by monitoring, evaluating, and auditing client
and customer services; initiating improvements; building relationships with
preferred patrons.
 Checks the quality of the products sent to the store.
 Sets performance standards for tasks, jobs and roles of their employees.
Qualifications:
 Male or female
 A graduate of a Bachelor's Degree in Finance, Accountancy, Banking, or
Business Studies, Administration, Management, or equivalent

 At least 2 years of working experience as a manager or supervisor
 Preferably Manager or Assistant Manager specializing in Sales in general
or retail, or equivalent
 Has leadership and management skills
 Good at oral and written communication
 Has a pleasing personality
 Computer literate
Title/ position: Accountant
Reports to: General Manager
Supervises: None
Job Description:
 Analyzes and investigates quarterly financial accounts
 Establishes the partnership
 Undertakes financial administration
 Prepares reports, budgets, and financial statements
 Financial forecasting
 Controls income and expenditure;
 Ensures compliance with taxation legislation
Qualifications:
 Male or Female

 A graduate of a Bachelor's Degree in Accountancy, Banking and Finance,
or other related courses
 Licensed certified public accountant (CPA)
 Has at least six (6) months to one (1) year of working experience, and has
a knowledge in GL, AP, revenue, financial statement preparation,
bookkeeping and bank reconciliation
Title/ position: Service Crew
Supervises: None
Job Description:
 Greets guests and suggestively sells products.
 Checks shelves and replenish supplies of any products that is running low.
 Prepares the displays and ensures that they remain in good condition
throughout the store hours.
 Helps customers locate products or explain product features.
 Provides customers with a quick and accurate service and show sensitivity
to their individual needs.
 Handles cash, credit card and discount transactions with the assistance of
a POS (Point of Sale) register.
 Verifies a starting bank and completing a daily audit report when balancing
the drawer at the end of the shift.

 Maintains a clean area by picking up litter and following established
cleaning procedures.
 Uses a variety of chemical cleaning products along with the correct
protective equipment.
 Ensures excellent customer service by providing positive interactions with
guests in a friendly and courteous manner.
Qualification:
 Male or female; not more than 30 years’ old
 Has at least a graduate of junior high school education
 Has knowledge in customer service
 Has good interpersonal and communication skills
 Smart and with pleasing personality
Title/ position: Sales Representative
Supervises: None
Job Description:
 Makes appointments to meet new and existing clients
 Promotes new products and special deals
 Agrees on sales, prices, contracts and payments
 Advises clients about delivery schedules and after-sales service

 Keeps contacting existing clients by email or phone
 Answers frequently asked questions online
 Records orders from the internet and sends details to the store
 Reports sales trends
Qualification:
 Male or female; not more than 30 years’ old
 Has at least a graduate of junior high school education
 Has at least six (6) months to one (1) year of working experience in sales,
marketing, customer service, or technical assistance
 Has knowledge in sales and marketing
 Has good interpersonal and communication skills
 Smart and with pleasing personality
Work Schedule
Office Hours: 8:30am-10:30am
Store Hours: 9:00am-9:00pm
 Shift 1: 8:30am-3:30pm
 Shift 2: 3:30pm-10:30pm
 Shift 3: 10:30am-5:30pm

1-hour break:
 General Manager: 11:30am
 Crew 1: 12:30pm
 Crew 2: 6:30pm
 Crew 3: 7:30pm
 Crew 4: Saturday-Tuesday: 1:30pm, Wednesday-Thursday: 5:30pm
Table 4.6 Schedule of general manager and service crews
POSITION SUN MON TUE WED THU FRI SAT
General
Manager
Shift 1 Day off Shift 1 Shift 1 Shift 1 Shift 1 Shift 1
Service
Crew 1
Shift 1 Shift 1 Day off Shift 1 Shift 1 Shift 1 Shift 1
Service
Crew 2
Shift 2 Shift 2 Shift 2 Day off Shift 2 Shift 2 Shift 2
Service
Crew 3
Shift 2 Shift 2 Shift 2 Shift 2 Day off Shift 2 Shift 2
Service
Crew 4
Shift 3 Shift 1 Shift 1 Shift 2 Shift 2 Day off Shift 3

Part 5
Financial Feasibility
The Financial Feasibility discusses about how much start-up capital is
needed, sources of capital, returns on investment, and other financial
considerations. It also indicates how much cash is needed in the business and
assessment of the financial aspects.
In this chapter, the statement of assumption, demand projection, balance
sheet, income statement and cash flow of the business is showed and the
projected expense of the project as well.
Statement of Assumption
1. The business will be classified as a general partnership with an initial
investment of Php280,000.00.
2. The financial calendar of the business will presume to start on January 1,
2017.
3. All the capital needed and other operating expenses i.e. cost of services,
supplies and advertising expense are financed by the partners’ contribution.
4. Proponents project a 10% increase in demand and in capacity per year.
This is based on the expected increase in trend of the rental and

consignment services for online sellers and the position/reputation marked
by this kind of business in the market. Along with this expected increase in
demand is the Company's effort to expand in order to cater the ever
increasing demand for this type of service.
5. All transactions on sales will be on cash basis only.
6. A petty cash fund of Php5,000.00 will be maintained on the cashier’s
drawer.
7. Clients/Lessees will be charged for their rental fee on a cost-plus basis (all
direct costs and projected mark-up rate.) An increase in rental fee of 5%
after three (3) years will be considered in reference to the increase in other
operating costs and projected increase in sales as a result of the boosted
market position of the Company.
8. Costs from which the rental fee will be based shall compose of direct costs
and other operational fees. In order to maintain consistency and normal
growth in the amount of charging, the Entity will use an "averaging method".
9. Salaries are projected to increase by 5% by 4th year (2020). Probationary
periods are also considered during the computation.
10.It will be assumed that the business will have a slow turnover of employees.

11.The Company will rent a commercial space that is available for a one-year
lease contract with an option for extension. It has a monthly rental fee of
Php25,000, excluding expenses for utilities. The payment term of the
commercial space is a three-month advanced payment and the monthly
rental fee. The Proponents estimate a 5% rental increase every three (3)
years. Annual fees will however be spread equally in a five-year period as
follows per reference to a sound accounting practice. Any space
improvement costs referred to as "leasehold improvement" will be borne by
the Partnership.
Table 5.1 Estimated rent expense for 5 years
Estimated 5-year expense
900,000.00 years 1-3
630,000.00 years 4-5
1,530,000.00 total 5-year fees to be divided by 5
12.The Business will bear the costs of leasehold improvement that totals
Php50,000.00. This will be depreciated on a straight line basis over a period
of five (5) years.
13.Utilities expenses, that includes electricity, water, telephone, and internet,
are to increase by 2%, inclusive of increase in price rates and usage,
annually.

14.Advertising expenses in visual displays and e-mail newsletters and other
social media-related promotions will increase by 5% in year 4.
15.A miscellaneous expense of Php1,000.00 will be incurred monthly and will
increase by 2% per year.
16.Depreciation of property, plant and equipment are on a straight-line basis
and starts at second year of operation. Machineries and equipment were
made by the end of Year 5, thus, depreciation doesn't apply for these new
purchases. Furniture and fixture were made by the end of Year 5, thus,
depreciation doesn't apply for these new purchases.
17.Partners are entitled to have a monthly drawing not exceeding Php1,500.00
per month. Furthermore, partners agreed that there would be no drawing
for the first year of operation and no loss shall be incurred in the equity upon
drawing.
18.The partners have equal shares to assets and liability of the current
business.
19.Provision for income tax are 30% since this type of business is subject to
corporate tax.
20.Discrepancy in decimal places is due to rounding off.

TABLE 5.2 Statement of Financial Position for years 2017-2021
NOTES 2017 2018 2019 2020 2021
Assets
Current Assets
Cash and Cash Equivalents (see Note on Statement of Cash Flows for Details) 1 91,009 140,912 247,488 467,208 766,665
Prepaid Rent 7 75,000 75,000 75,000 75,000 75,000
Total Current Assets 166,009 215,912 322,488 542,208 841,665
Non-Current Assets
Furniture & Fixtures 12 68,965 68,965 68,965 69,145 89,643
Accumulated Depreciation - Furniture & Fixtures 12 9,493.59 18,987.17 28,480.76 37,854.34 47,407.93
Machineries & Equipment 12 72,848 72,848 72,848 72,848 115,697
Accumulated Depreciation - Machineries & Equipment 12 12,320 24,639 36,959 49,279 61,598
Leasehold Improvement 8 50,000 50,000 50,000 50,000 50,000
Accumulated Depreciation - Leasehold Improvement 8 10,000 20,000 30,000 40,000 50,000
Total Net Non-Current Assets 160,000 128,186 96,373 64,860 96,334
Total Assets 326,009 344,098 418,861 607,068 937,999
Liabilities and Equity
Liabilities
Rent Payable 7 6,000 12,000 18,000 9,000 -
Income Tax Payable IS 2,429 13,478 20,072 33,051 48,122
Percentage Tax Payable 2 10,380 11,626 12,456 14,174 15,893
Expanded Withholding Tax Payable 4, 7 4,527 4,527 4,527 4,562 4,562
Total Liabilities 23,336 41,631 55,055 60,788 68,577
Equity
Abejero, Capital SOCE 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Gonzales, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Lutao, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Merced, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Pulumbarit, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Capital, Tidalgo 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Villanueva, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Total Equity 302,672 302,467 363,806 546,281 869,421.86
Total Liabilities and Equity 326,009 344,098 418,861 607,068 937,999
TRENDY BUFFET
YEAR ENDED DECEMBER 31, 20XX
(Amounts in Php)
STATEMENT OF FINANCIAL POSITION

TABLE 5.3 Income statement for years 2017-2021
NOTES 2017 2018 2019 2020 2021
GROSS SERVICE REVENUE 2 1,384,040.79 1,550,125.68 1,660,848.95 1,889,931.56 2,119,014.17
LESS: Cost of Services 3 1,117,280.00 1,142,148.02 1,156,665.38 1,205,247.09 1,220,266.15
Gross Margin 266,760.79 407,977.66 504,183.57 684,684.47 898,748.02
LESS: Other Operating Expenses
Administrative Salaries (gross of benefits & taxes) 4 28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
Supplies - Administrative 6 1,454.00 1,630.00 1,806.00 1,982.00 2,158.00
Depreciation 12 31,813.26 31,813.26 31,813.26 31,813.26 31,813.26
Permits & Licenses 13 59,601.22 57,103.77 60,425.47 67,297.95 74,170.43
Janitorial & Maintenance 14 3,240.00 1,500.00 2,290.00 650.00 2,640.00
Safety Tools 15 4,074.00 - 3,999.00 - 4,074.00
Benefits 16 106,109.24 108,143.64 108,143.64 112,778.32 112,778.32
Total Expenses 234,371.72 228,270.67 236,557.37 244,005.53 257,118.00
Net Income before Taxes 32,389.07 179,707.00 267,626.20 440,678.95 641,630.02
Income Tax (30%) 9,716.72 53,912.10 80,287.86 132,203.68 192,489.01
Net Income/(Loss) after Taxes 22,672.35 125,794.90 187,338.34 308,475.26 449,141.01
TRENDY BUFFET
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 20XX
(Amounts in Php)

TABLE 5.4 Statement of Changes in Partners’ Equity for years 2017-2019
Abejero Gonzales Lutao Merced Pulumbarit Tidalgo Villanueva Net Income
Statement of Changes in Equity - 2017
Beginning Equity 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
Net Income after taxes 22,672.35
Share in Net Income 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91
Capital Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ending Equity 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91
Capital Withdrawal (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00)
Ending Equity 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61
Ending Equity 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23
TRENDY BUFFET
Statement of Changes in Partner's Equity
For the year ended 20XX
(Amounts in Php)

TABLE 5.5 Statement of Changes in Partners’ Equity for years 2020-2021
Abejero Gonzales Lutao Merced Pulumbarit Tidalgo Villanueva Net Income
Ending Equity 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12
Ending Equity 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12
TRENDY BUFFET
Statement of Changes in Partner's Equity
For the year ended 20XX
(Amounts in Php)

TABLE 5.6 Statement of Cash Flows for years 2017-2021
Cash Flow From Operating Activities
Operating Income 22,672.35 125,794.90 187,338.34 308,475.26 449,141.01
Add: Depreciation 31,813.26 31,813.26 31,813.26 31,873.26 31,873.26
Add/(Deduct):
Increase/ (Decrease) in Income Tax Payable 2,429.18 11,048.84 6,593.94 12,978.96 15,071.33
(Increase)/Decrease in Prepaid Expenses (75,000.00) - - - -
Increase/(Decrease) in Rent Payable 6,000.00 6,000.00 6,000.00 (9,000.00) (9,000.00)
Increase/(Decrease) in Percentage Tax Payable 10,380.31 1,245.64 830.42 1,718.12 1,718.12
Increase/(Decrease) in EWT Payable 4,527.00 - - 35.10 -
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,822.09 175,902.64 232,575.97 346,080.70 488,803.72
Cash Flow From Investing Activities
Add/(Deduct):
(Increase)/ Decrease in Machineries & Equipment (72,848.00) - - - (42,849.00)
(Increase)/ Decrease in Furniture & Fixtures (68,965.00) - - (180.00) (20,498.00)
(Increase)/ Decrease in Leasehold Improvement (50,000.00)
NET CASH USED IN INVESTING ACTIVITIES (191,813.00) - - (180.00) (63,347.00)
Cash Flow from Financing Activities
Add/(Deduct):
Increase/ (Decrease) in Invested Capital 280,000.00 - - -
Withdrawals - (126,000.00) (126,000.00) (126,000.00) (126,000.00)
Net Cash Provided by Financing Activities 280,000.00 (126,000.00) (126,000.00) (126,180.00) (126,000.00)
Net Increase in Cash 91,009.09 49,902.64 106,575.97 219,720.70 299,456.72
Cash balance, beginning - 91,009.09 140,911.73 247,487.70 467,208.40
Cash balance, ending 91,009.09 140,911.73 247,487.70 467,208.40 766,665.12
TRENDY BUFFET
Statement of Cash Flows
For the year ended December 31, 20XX
(Amounts in Php)
2019 2020 2021
2017 2018

TABLE 5.7 Note 1
TABLE 5.8 Note 2
TABLE 5.9 Note 3
2017 2018 2019 2020 2021
Petty Cash Fund 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
Cash in Bank 84,288.91 133,193.50 237,637.94 452,964.23 746,431.82
Cash on Hand/Change Fund 1,720.18 2,718.23 4,849.75 9,244.17 15,233.30
TOTALS 91,009.09 140,911.73 247,487.70 467,208.40 766,665.12
NOTE 1: CASH AND CASH EQUIVALENTS
NOTE 2: PROJECTED SERVICE INCOME
2017 2018 2019 2020 2021
45% 45% 45% 50% 50%
Contract Price (Ave. Cost+Mark-up) 55,361.63 55,361.63 55,361.63 57,270.65 57,270.65
x Estimated Number of Lessees 25 28 30 33 37
PROJECTED ANNUAL REVENUE 1,384,040.79 1,550,125.68 1,660,848.95 1,889,931.56 2,119,014.17
Monthly Contract Price/Lessee 4,613.47 4,613.47 4,613.47 4,772.55 4,772.55
Daily Rental/Consignment Fee 177.44 177.44 177.44 183.56 183.56
Subject to 3% Percentage tax 41,521.22 46,503.77 49,825.47 56,697.95 63,570.43
Description
NOTE 3: PROJECTED COST OF SERVICES
Description 2017 2018 2019 2020 2021
Salaries 578,280.00 590,280.00 590,280.00 619,794.00 619,794.00
Uniforms and IDs 1,600.00 - - 1,600.00 -
Rent 306,000.00 306,000.00 306,000.00 306,000.00 306,000.00
Freight charges 25,000.00 25,500.00 26,010.00 26,530.20 27,060.80
Utilities 86,400.00 88,128.02 89,890.58 91,688.39 93,522.16
Advertising & Promotion 108,000.00 120,000.00 132,000.00 146,900.00 160,900.00
Other Miscellaneous Expense 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
Total 1,117,280.00 1,142,148.02 1,156,665.38 1,205,247.09 1,220,266.15

TABLE 5.10 Average yearly cost per lessee
TABLE 5.11 Note 4
TABLE 5.12 Note 5
Average Cost for 5-year time 1,168,321
Average Number of Lessees/Consignors 31
Average Cost/Year/Lessee 38,180
NOTE 4: SALARIES
Designation
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
(during Regularization)
2017 2018 2019 2020 2021
General Manager 13,000.00 15,000.00 168,000.00 180,000.00 180,000.00 189,000.00 189,000.00
Sales Representative 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 1 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 2 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 3 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 4 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Accountant (hired in an on-call basis) 2,340.00 2,340.00 28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
TOTAL MONTHLY VALUES 49,530.00 51,530.00 - - - - -
TOTAL ANNUAL VALUES 594,360.00 618,360.00 606,360.00 618,360.00 618,360.00 649,278.00 649,278.00
578,280.00 590,280.00 590,280.00 619,794.00 619,794.00
28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
2,808.00 2,808.00 2,808.00 2,948.40 2,948.40
Salaries subject to Cost of Sales
Salaries subject to operating expenses
Subject to 10% EWT
NOTE 5: EMPLOYEES' UNIFORMS AND IDs
Description Price
Number of
Employees
2017 2018 2019 2020 2021
Store Uniforms (1 set) 400.00 3 1,200.00 - 400.00 1,200.00 -
Store and Office IDs 100.00 4 400.00 - 100.00 400.00 -
Total 500.00 1,600.00 - 500.00 1,600.00 -

TABLE 5.13 Note 6
TABLE 5.14 Note 7
TABLE 5.15 Note 8
NOTE 6: SUPPLIES- ADMINISTRATIVE
Items 2017 2018 2019 2020 2021
Ballpen 60.00 60.00 60.00 60.00 60.00
Record book 880.00 1,056.00 1,232.00 1,408.00 1,584.00
Time card 100.00 100.00 100.00 100.00 100.00
Liquid Eraser 60.00 60.00 60.00 60.00 60.00
Tape 22.00 22.00 22.00 22.00 22.00
Stapler Wire 35.00 35.00 35.00 35.00 35.00
Stapler 39.00 39.00 39.00 39.00 39.00
Staple remover 49.00 49.00 49.00 49.00 49.00
Tape dispenser 99.00 99.00 99.00 99.00 99.00
Scissors 50.00 50.00 50.00 50.00 50.00
Scoth Tape 60.00 60.00 60.00 60.00 60.00
TOTAL 1,454.00 1,630.00 1,806.00 1,982.00 2,158.00
NOTE 7: RENT
YEAR 2017 2018 2019 2020 2021
PREPAID RENT 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00
RENT EXPENSE 306,000.00 306,000.00 306,000.00 306,000.00 306,000.00
Rent Payable 6,000.00 12,000.00 18,000.00 9,000.00 -
Subject to 5% EWT 15,300.00 15,300.00 15,300.00 15,300.00 15,300.00
NOTE 8: LEASEHOLD IMPROVEMENT
YEAR 2017 2018 2019 2020 2021
Leasehold Improvement 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Accumulated Depreciation 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00
Depreciation 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00

TABLE 5.16 Note 9
TABLE 5.17 Note 10
TABLE 5.18 Note 11
NOTE 9: UTILITIES EXPENSES
Monthly 2017 2018 2019 2020 2021
Electricity 5,000.00 60,000.00 61,200.00 62,424.00 63,672.48 64,945.93
Water 1,000.00 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
Telephone/Internet Connection 1,200.00 14,400.00 14,688.00 14,981.76 15,281.40 15,587.02
Annual Increase 2% 2% 2% 2%
7,200.00 86,400.00 88,128.02 89,890.58 91,688.39 93,522.16
NOTE 10: ADVERTISING EXPENSE
Description 2017 2018 2019 2020 2021
Visual Displays 52,000.00 52,000.00 52,000.00 54,600.00 54,600.00
E-mail newsletters and other social
media-related promotions
6,000.00 6,000.00 6,000.00 6,300.00 6,300.00
Discount vouchers and bi-annual raffle 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00
Representation 10,000.00 12,000.00 14,000.00 16,000.00 20,000.00
Total 108,000.00 120,000.00 132,000.00 146,900.00 160,900.00
NOTE 11: MISCELLANEOUS EXPENSE
Monthly Year 1
Miscellaneous 1,000.00 12,000.00
Amount
Description

TABLE 5.19 Schedule of PPE Purchases
NOTE 12: PROPERTY, PLANT AND EQUIPMENT
Schedule of PPE Purchases:
2017 2018 2019 2020 2021
Machineries and Equipment
Desktop computer 10,000.00 - - - 10,000.00
Bundy clock 1,500.00 - - - 1,500.00
Wireless router 1,200.00 - - - 1,200.00
Calcutor 500.00 - - - 500.00
Credit Card Machine 3,000.00 - - - 3,000.00
Telephone 750.00 - - - 750.00
Cash Register 15,000.00 - - - 15,000.00
CCTV Camera 9,999.00 - - - 9,999.00
Split-type Air Conditioner 29,999.00 - - - -
Emergency Light 900.00 - - - 900.00
TOTAL 72,848.00 - - - 42,849.00
Furnitures and Fixtures
Bench 3,800.00 - - - 3,800.00
Office chair 1,499.00 - - - 1,499.00
Office table 2,499.00 - - - 2,499.00
Filing cabinet 4,290.00 - - - -
Glass Cabinet 12,000.00 - - - -
Shoe Cabinet 17,998.00 - - - -
Earings Holder 3,750.00 - - - 3,750.00
Accessory Holder 4,750.00 - - - 4,750.00
Wall Clock 180.00 - - 180.00 -
Clothes Hanger 4,200.00 - - - 4,200.00
Clothes Rack 7,500.00 - - - -
Fitting Room 3,999.00 - - - -
Door 2,500.00 - - - -
TOTAL 68,965.00 - - 180.00 20,498.00

TABLE 5.20 Accumulated depreciation schedule
TABLE 5.21 Furniture and fixture schedule
Accummulated Depreciation Schedule:
2017 2018 2019 2020 2021
Machineries and Equipment 12,319.68 24,639.35 36,959.03 49,278.70 61,598.38
Furnitures and Fixtures 9,493.59 18,987.17 28,480.76 37,974.34 47,467.93
TOTAL 21,813.26 43,626.52 65,439.78 87,253.04 109,066.30
Furniture & Fixtures Schedule:
Quantity Estimated Life Price Annual Depreciation
Bench 1 5 3,800.00 760.00
Office chair 1 5 1,499.00 299.80
Office table 1 5 2,499.00 499.80
Filing cabinet 1 7 4,290.00 612.86
Glass Cabinet 2 10 12,000.00 1,200.00
Shoe Cabinet 4 10 17,998.00 1,799.80
Earings Holder 5 5 3,750.00 750.00
Accessory Holder 5 5 4,750.00 950.00
Wall Clock 1 3 180.00 60.00
Clothes Hanger 12 5 4,200.00 840.00
Clothes Rack 2 7 7,500.00 1,071.43
Fitting Room 2 10 3,999.00 399.90
Door 1 10 2,500.00 250.00
Total Price 68,965.00 9,493.59

TABLE 5.22 Machineries and equipment
TABLE 5.23 Note 13
Machineries & Equipment
Quantity Estimated Life Price Annual Depreciation
Desktop computer 1 5 10,000.00 2,000.00
Bundy clock 1 5 1,500.00 300.00
Wireless router 1 5 1,200.00 240.00
Calcutor 1 5 500.00 100.00
Credit Card Machine 1 5 3,000.00 600.00
Telephone 1 5 750.00 150.00
Cash Register 1 5 15,000.00 3,000.00
CCTV Camera 1 5 9,999.00 1,999.80
Split-type Air Conditioner 1 8 29,999.00 3,749.88
Emergency Light 1 5 900.00 180.00
TOTAL 72,848.00 12,319.68
NOTE 13: PERMITS & LICENSES
Description Amount Total
SEC 2,590.00
BIR 500.00
SSS 1,500.00
DTI 500.00
LOGO Registration 2,390.00 7,480.00
Mayor's Permit/ Business Permit 8,850.00
Barangay Clearance Permit 500.00
Community Tax 500.00
Fire Inspection 350.00
Garbage and Sanitary Permit 400.00 10,600.00
18,080.00
TOTAL ORGANIZATIONAL COST

TABLE 5.24 Permits and licenses expense
TABLE 5.25 Note 14
TABLE 5.26 Note 15
2017 2018 2019 2020 2021
Percentage tax 41,521.22 46,503.77 49,825.47 56,697.95 63,570.43
Organizational Cost 18,080.00 10,600.00 10,600.00 10,600.00 10,600.00
Permits & licenses 59,601.22 57,103.77 60,425.47 67,297.95 74,170.43
NOTE 14: JANITORIAL & MAINTENANCE EXPENSE
Quantity 2017 2018 2019 2020 2021
Mop and Pail 1 190.00 - 190.00 - 190.00
Feather Duster 1 100.00 - 100.00 - 100.00
Hand Sanitizer 2 200.00 200.00 400.00 200.00 200.00
Liquid Dishwashing soap 4 800.00 400.00 400.00 200.00 200.00
Scrubbing Pad 12 250.00 150.00 150.00 150.00 250.00
Small Towel 6 100.00 100.00 100.00 100.00 100.00
Wet Signage 1 800.00 - 800.00 - 800.00
Trash Bag 2 150.00 150.00 - - 150.00
Trash Bin 1 500.00 500.00 - - 500.00
Broom and Dust Pan 1 150.00 - 150.00 - 150.00
3,240.00 1,500.00 2,290.00 650.00 2,640.00
TOTAL
NOTE 15: SAFETY TOOLS EXPENSE
Quantity 2017 2018 2019 2020 2021
Emergency Light 2 2,000.00 - 2,000.00 - 2,000.00
Fire Extinguisher 1 1,999.00 - 1,999.00 - 1,999.00
Exit Sign 1 75.00 - - - 75.00
TOTAL 4,074.00 - 3,999.00 - 4,074.00

TABLE 5.27 Benefits for the year 2017
2017
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
13th-month pay SSS PhilHealth PagIBIG
Supervisor 13,000.00 15,000.00 14,000.00 1,031.80 175.00 100.00
Sales Representative 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
TOTAL MONTHLY VALUES 47,190.00 49,190.00 4,015.83 3,551.60 675.00 600.00
TOTAL ANNUAL VALUES 566,280.00 590,280.00 48,190.00 42,619.24 8,100.00 7,200.00
2018
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
Supervisor 13,000.00 15,000.00 15,000.00 1,105.50 187.50 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00

2019
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
Supervisor 13,000.00 15,000.00 15,000.00 1,105.50 187.50 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
2020
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
Supervisor 13,650.00 15,750.00 15,750.00 1,160.78 187.50 100.00
Sevice Crew 1 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 2 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 3 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 4 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00

2021
Monthly Gross Pay
(during Probation)
Monthly Gross Pay
Supervisor 13,650.00 15,750.00 15,750.00 1,160.78 187.50 100.00
Sevice Crew 1 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 2 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 3 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 4 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00

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