Feasibility

Study Plan
of
LABADABANGO
LAUNDRY SHOP

Submitted by: Submitted to:

Maria Elijah Z. Nolasco Mr. Romulo M. Daileg, CPA
Pacifico L. Hernandez
 ACKNOWLEDGEMENT
We, Maria Elijah Z. Nolasco and Pacifico L. Hernandez, would

like to thank first and foremost the Lord God Almighty for His never

ending grace; To our teacher, Mr. Romulo M. Daileg, for giving us the

knowledge and advice to finish this project with ease and also to our

loving parents who are always there for our financial support and they

were the ones who showered us with encouragement in order for to

really do our best on this project. Without these people, this project

wouldn't be successful or possible. That's why we would like to say,

"Thank you and May God Almighty bless us all".

 APPROVAL SHEET
This feasibility study entitles "Labadabango Laundry Shop",

prepared and submitted by Maria Elijah Z. Nolasco and Pacifico L.

Hernandez in partial fulfillment for the degree of BACHELOR OF

SCIENCE IN ACCOUNTANCY, has been examined and is

recommended for acceptance and approval for Oral Defense.

Mr. Romulo M. Daileg, CPA

Instructor
 TABLE OF CONTENTS
CHAPTER I: INTROCUCTION
1.1 Executive Summary
1.2 Vision and Mission
1.3 Objectives
Chapter II: COMPANY
2.1TYPE OF BUSINESS
2.2 NAME OF THE ETERPRISE
2.3 LOCATION
2.4 INITIAL CAPITAL
2.5 WITHDRAWAL OF PARTNERSHIP
2.6 PROFIT AND LOSSES
2.7 DISSOLUTION
2.8 MANAGING PARTNERS
2.9 SOLE AGREEMENT
Chapter III: Marketing Program
3.1 SWOT ANALYSIS
Chapter VI: Manufacturing Process
4.1 Initial Process in Acquisition of Garments
4.2 Wash Dry Fold Service Per 10 Kilo Wash Load
4.3 Pressing Service
4.4 Hand Washing Process
4.5 Dry Cleaning Process
4.6 Price List
Chapter V: TRANSACTIONS
5.1 Machineries and Equipment
5.2 Pre-Operating Expenses 2018
5.3 Pre-Operating Expenses 2018
5.4 Payroll 2018
5.5 Payroll 2019
5.6 Legal Cost
5.7 Revenues
5.8 Income Statement
5.9 Statement of Financial Position
5.10 Statement of Cash Flows
CHAPTER I: INTROCUCTION

1.1 Executive Summary

Labadabango Laundry shop is a full service coin-op

laundry (washing, drying, and folding) service dedicated
to consistently providing high customer satisfaction by
rendering reliable machines and furnishing a clean,
enjoyable atmosphere at a competitive price.
Labadabango Laundry shop's mission is to provide the
customer with the most pleasant laundry experience in the
Panqui, Tarlac area. We exist to attract and maintain
customers. With a strict adherence to this maxim, success
will be ensured. Our services will exceed the
expectations of the customers.
1.2 Vision and Mission

Vision

It is our vision to provide a quality services to our

customers. We are to provide them what our business
name represents a "Labada na mabango" service.

Mission
Labadabango Laundry shop's mission is to provide the
customer with the most pleasant laundry experience in the
Panqui, Tarlac area. We exist to attract and maintain
customers. With a strict adherence to this maxim, success
will be ensured. Our services will exceed the
expectations of the customers.
 1.3 Objectives

 To be able to expand the business in other areas of

the community in its two operating years.
 To gain loyal customers in a year.
 To establish a good brand to customers and gain
brand loyalty in its first three months of operation
by prevailing a socially responsible enterprise.
 To increase profits after a year.
Chapter II: COMPANY
2.1TYPE OF BUSINESS
The Partners voluntarily associate themselves as general partners
for the purpose of conducting the general business of Laundry
Service, and any other type of business that may from time to time be
agreed on by the Partners.
2.2 Name of the Enterprise
A business name is one of the most essential things to be prepared
in starting a business. Because it represents your business.

Labadabango means "Labada na Mabango".

We make sure that your clothes are clean and fragrant.
2.3 Location

The location of the business will be at the back of Paniqui Public

Market.

2.4 INITIAL CAPITAL

The Initial capital of this Partnership shall be the sum of

₱1,500,000.00, to which each partner shall contribute equally.
Maria Elijah Z. Nolasco shall contribute cash amounted to
₱ 750,000.00 in cash.
Pacifico L. Hernandez shall contribute cash amounted to
₱ 750,000.00 in cash.
 2.5 WITHDRAWAL OF PARTNERSHIP

No Partners shall withdraw any portion of the capital

of the Partnership without the express written consent of
the partners.

2.6 PROFIT AND LOSSES

Any net profits or losses that may accrued in the

Partnership shall distrubuted to or borne by the Partners in
equal portions.

2.7 DISSOLUTION

In the events of retirement, expulsion, bankruptcy,

death, or insanity of a general partner, the remaining
partners have the right to continue the business of the
Partnership under the same name by themselves, or with
any other persons they select.
 2.8 MANAGING PARTNERS

In the general conduct of the Partnership business all

the Partners shall be consulted and the advice and
opinions of the Partners shall be obtained so much as is
practicable. However, for the purpose of fixing and
harmonizing the policies and practices of the Partnership
and of securing uniformity and continuity in the conduct
of its business, the general management of the Partnership
business shall rest solely in the Managing Partners.

The Managing Partners shall be:

Maria Elijah Z. Nolasco, residing at Cuyapo, Nueva Ecija.

 2.9 SOLE AGREEMENT

This instrument contains the sole agreement of the parties

relating to their Partnership and correctly sets forth the rights,
duties and obligations
of each of the other in connection with is as of this date. Any
prior agreements, promises, negotiations, or representations not
expressly set forth in this

Agreement are of no force or effect.

The Partners have duly executed this Agreement on the day

and year set forth herein above.

Maria Elijah Z. Nolasco Pacifico L. Hernandez

 Chapter III: Marketing Program
3.1 SWOT ANALYSIS

SWOT ANALYSIS
Internal analysis and external business analysis of La Lovehan Ko Laundry Shop

Strengths
- Labadango Laundry Shop uses an
advanced technology for the services
- High profitability of the business
because it is more accessible to the
market.
- Faster and a more quality output is
offered Labadango Laundry Shop.
- Prices are relatively competitive and
accords to what the people wants.
Opportunities
- Demand for laundry business. the growth of
the market and their lack of time washing
their own clothes creates a high demand for
La Labadango Laundry Shop and yet
competitors do not satisfy a big portion of
this demand growth.
- Accessibility. the location of the business is
easy to reach by.
- Supplies accessibility. the supplies needed to
operate business can easily get.

- Promotion strategies such as leaflets

and website is a good one to attract not
only the residents of but also the
community outside the subdivision
Chapter VI: Manufacturing Process

4.1 Initial Process in Acquisition of Garments

 4.2 Wash Dry Fold Service Per 10 Kilo Wash Load

Thin Garments including For Thick Garments such as

Bed Sheets, Curtains, Towels and Blankets and Comforters
Seat Covers with or without Foam.
4.3 Pressing Service
4.4 Hand Washing Process
4.5 Dry Cleaning Process
4.6 Price List
Chapter V: TRANSACTIONS
5.1 Machineries and Equipment

2 Whirlpool Topload Washers Model : 4PWTW5905

Features:
 27”Super Capacity Plus
 10.5 Kg. Dry Linen Capacity
 Fully Automatic Washer with Silver Panel
 Exta Roll Action Agitator
 MagiClean Lint Filter
 Polypropylene Outer Tub
 Direct Drive System
 Extra Rinse Option
 Self Balancing Basket and Tub
 Rat-Proof Base
 Tripod Suspension Systemspire an informal style
Specifications:
2 Whirlpool Dryers Model : 4PWED5905
Features:
• 10.5 KG. Fully Automatic Electric Dryer with Silver Panel

• Automatic Dry

• Gentle Heat System

• Removable Lint Filter

• End-of-Cycle Signal

• Wrinkle ShieldTM Option

• Quiet Dry Noise Reduction

• SpillGuardTM Top
Specifications:
5.2 Pre-Operating Expenses 2018
5.3 Pre-Operating Expenses 2018
5.4 Payroll 2018
5.5 Payroll 2019
5.6 Legal Cost
5.7 Revenues
5.8 Income Statement
5.9 Statement of Financial Position
5.10 Statement of Cash Flows