A RESEARCH AND PROJECT FEASIBILITY STUDY ON

BICOL SPICE TRAVEL AND TOURS

Presented to
The Faculty of Hospitality Management Department
MARINERS’ POLYTECHNIC COLLEGES FOUNDATION
OF LEGASPI CITY (ALBAY) INC.
Legazpi City, Albay

In Partial Fulfillment of
The Requirements for the Degree of
BACHELOR OF SCIENCE IN HOSPITALITY MANAGEMENT

By:

Joanna Christine C. Cantes

Leidy Alexis B. Esmillarin
Ericka Clarisse R. Gile

September 2018
 ii

RESULT OF FINAL DEFENSE

Researchers : JOANNA CHRISTINE C. CANTES

LEIDY ALEXIS B. ESMILLARIN
ERICKA CLARISSE R. GILE

Title : BICOL SPICE TRAVEL AND TOURS

Place : MARINERS’ POLYTECHNIC COLLEGES

FOUNDATION OF LEGASPI CITY, (ALBAY) INC.
Legazpi City, Albay

Date : September 27, 2018

Time : 9:30 AM – 11:00 AM

PANEL OF EXAMINERS ACTION

MARIA JANE E. CHAN, MM __________________

Chairman

EMILY A. DOROL, MAED __________________

Member
 iii

APPROVAL SHEET

Upon recommendation of the Oral Examination Committee, this research

and project feasibility study entitled “BICOL SPICE TRAVEL AND TOURS,”

prepared and submitted by JOANNA CHRISTINE C. CANTES, LEIDY ALEXIS B.

ESMILLARIN and ERICKA CLARISSE R. GILE, is hereby approved in partial

fulfillment of the requirements for the degree of BACHELOR OF SCIENCE IN

HOSPITALITY MANAGEMENT.

MARIA JANE E. CHAN, LPT, MM

Department Head, Hospitality
Management Department

NENITA P. BALDON, LPT, MIE

Dean of Business Education

CYNTHIA A. DUKA, MM
VP for Academic Affairs
 iv

EDITOR’S CERTIFICATION

This is to certify that this research and project feasibility study on “BICOL

SPICE TRAVEL AND TOURS”, prepared and submitted by JOANNA CHRISTINE

C. CANTES, LEIDY ALEXIS B. ESMILLARIN and ERICKA CLARISSE R. GILE, in

partial fulfillment of the requirement for the degree of BACHELOR OF SCIENCE

IN HOSPITALITY MANAGEMENT, had been edited by the undersigned.

Issued this _____ day of ___________________ at MARINERS’

POLYTECHNIC COLLEGES FOUNDATION OF LEGASPI CITY (ALBAY) INC.,

Legazpi City, Albay.

_____________________________
Editor
 v

ACKNOWLEDGEMENT

This research and project feasibility study will not be possible without the

help of the significant and cooperative individuals behind this endeavor who

supports them from the start till the end. The researchers would like to extend its

heartfelt gratitude.

Most of all, to the Mighty One, God Almighty, the Creator above, for giving

them the strength, knowledge, ability and opportunity to undertake this research

study and to persevere and complete it satisfactorily. Without His blessings and

guidance, this achievement would not have been possible.

To the Professors/Instructors, To Dr. Elnora Brocales, research and project

feasibility study adviser, for her assistance and for sharing her knowledge to the

researchers.

To Mrs. Emily A. Dorol, for her advice and guidance given to the

researchers on the matter of financial statements.

Moreover, To DOT Region V and Engr. Eduardo Luna (OIC-City Assessor),

for their accommodation in their good office in assisting the researchers about the

documents needed for the study.

Furthermore, To Kathleen Kate Nudo, Dan Qlement Gavino, Chelsea

Raquel, John Alexis Flores, John Paul Esparrago, Jed Bahia, and Kent Ivan

Belarmino for being so cooperative and supportive to the researchers throughout

the study.
 vi

Lastly, the researchers would like to express their deepest and sincere

gratitude to their family for their continuous and unparalleled love, help and

support.

The Researchers
 vii

EXECUTIVE SUMMARY

BUSINESS TITLE : BICOL SPICE

TRAVEL AND TOURS

PROPONENTS : Joanna Christine C. Cantes

Leidy Alexis B. Esmillarin
Ericka Clarisse R. Gile

LOCATION : Capantawan, Legazpi City

FORM OF BUSINESS : Sole Proprietorship

BENEFICIARIES : Legazpeños

ESTIMATED PROJECT COST : Php 10,742,462.72

RETURN OF INVESTMENT : 6%

Vision

To succeed in the promotion of the significance of the travel agency to the

public and create a tremendous growth in the tourism industry and to become the

Bicol’s leading tour operator that provides excellent and innovative travel services

to our guests.

Mission

 To make the Bicol Region the top most visited place in the Philippines;

 To help the tourism in promoting the beauty of the Bicol Region has to offer;

 Be the top travel agency in Bicol Region;

 Be trusted by a lot of travellers nationwide.

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Goals

 To create an impact to every tourist who will avail the service offered by the

business;

 To take care the beauty of the nature;

 To expand the market shares yearly.

Objectives

 To promote the Bicol Region among the different regions in the Philippines;

 To offer jobs and opportunities to the people;

SUMMARY OF FINDINGS AND CONCLUSIONS

A. Market Study

The proposed business is for everybody who loves to travel.

Nowadays almost all people are fond of travelling. They seek for

adventures, visit and discover natural and new destinations such as seas,

lakes, rivers, mountain ranges and so on. They love to know new cultures

other countries may have.

Bicol Spice Travel and Tours main objective is to satisfy and give the

needs of the tourists or travelers, with high quality of the agency and service

according to their requirement and satisfaction, making them special and

meeting their standards. Bicol Spice Travel and Tours is an establishment

that promotes a new and preserved places. It will help the Bicol in boosting
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the tourism. The establishment also provide a DSLR camera, Go Pro Hero

5, and a Drone for the guest’s perfect picture shot.

B. Technical Study

Bicol Spice Travel and Tours is located at the Capantawan, Legazpi

City. The business is open eight (8) hours a day to cater the tourist who

need assistance in their travel. The office space is 75 square meters and

will be rent for 10,000.00 and will increase 8% annually. The location will be

improved for the needs of staff and guests.

The necessary requirements of the business before and during the

operation were assessed, it includes the machineries and equipment,

particularly the vehicle equipment as the primary means of the operation

were computed.

C. Organizational and Management Study

The proposed business will adopt the sole proprietorship type of

organization. Each position will have its duty and responsibilities for the

standard management process of the firm. The organizational structure,

manpower requirement, job description is evaluated in order to execute the

business efficiently and professionally.

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D. Financial Study

The financial feasibility of Bicol Spice Travel and Tours shows the

profitability of the proposed business, estimation and evaluation that are

itemized and exactly to be balanced. Tools for data analysis such project

cost, projected income statement, projected cash flows, projected financial

position and financial analysis were used to present the financial study

clearly and support the standing of the proposed project feasibility.

E. Socio-Economic Study

Show on how the business provides the employment for the

community, tax

contribution for the government and for the environmental friendly, applying

the segregation with regards to the waste materials while operating the

business. The business will also generate employment and improves the

worker’s quality of living.

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TABLE OF CONTENTS

PAGE

TITLE PAGE i

RESULT OF FINAL DEFENSE ii

APPROVAL SHEET iii

EDITOR’S CERTIFICATION iv

ACKNOWLEDGEMENT vi

EXECUTIVE SUMMARY vii

LIST OF TABLES xv

LIST OF FIGURES xvi

LIST OF GRAPHS xviii

LIST OF APPENDICES xix

SECTION I MARKET STUDY

Background of the Study 2

Target Market 4

Demand Analysis 5

Supply Analysis 7

Projected Service Capacity 8

Demand and Supply Gap Analysis 9

Market Share of Competitors 10

Sales Forecast 11
 xii

Marketing Strategy 13

SECTION II TECHNICAL STUDY

Service Specification 19

Recreational Services 19

Materials, Source and Volume 33

Food and Beverage Costing 37

Machineries and Equipment 43

Recreational Tools 52

Furniture and Fixtures 55

Kitchen Tools and Utensils 58

Raw Materials and Supplies 60

Office Supplies 63

Cleaning Supplies 64

Business Logo 65

Floor Plan Business Facilities 66

Site Development Plan 67

Utilities Requirements 73

Waste Disposal Management 74

Gantt Chart 75

SECTION III ORGANIZATIONAL AND MANAGEMENT STUDY

Type of Organization 77
 xiii

Organization Structure 77

Duties & Responsibilities 78

Manpower Compensation & Benefits 89

SECTION IV FINANCIAL STUDY

Project Cost 92

Notes to Financial Statement 94

Financial Assumption 97

Financial Statements 98

Financial Analysis 101

Investment Analysis 102

SECTION V SOCIO-ECONOMIC STUDY

Government 104

Community 104

Environment 104

BIBLIOGRAPHY 105

APPENDICES 107

CURRICULUM VITAE 131

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LIST OF TABLES

TABLE PAGE
1 Target Consumers 4

2 Historical Data of Population in Legazpi City 5

3 Projected Demand in Legazpi City 5

4 Projected Demand of Eco Park & Recreational Center in

Legazpi City 6

5 Annual Supplies of Competitors in Legazpi City 8

6 Projected Annual Supply of Competitors 8

7 Projected Service Volume of SPLASH PARADISE Eco 9

Adventure Land & Water Park

8 Demand and Supply Gap Analysis 10

9 Market Share of Competitors 10

10 Summary of Projected Sales 11

11 Sales Forecast 12

12 Food and Beverage Choices 34

13 Product Costing 37

14 Living Source 42

15 Machinery and Equipment 43

16 Recreational Tools 52

17 Furniture and Fixtures 55

18 Kitchen Tools and Supplies 58

19 Raw Materials and Supplies 60

20 Office Supplies 63
 xv

21 Cleaning Supplies 64

22 Utilities Requirement 73

23 Gantt Chart 75

24 Manpower Compensation 89

25 Fringe Benefits 90

26 Project Cost 92

27 Licenses and Permit 93

28 Consolidated Statement of Income 98

29 Consolidated Statement of Cash Flow 99

30 Consolidated Statement of Financial Position 100

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LIST OF FIGURES

FIGURE PAGE
1 Sample Flyer 14

2 Sample Facebook Account 15

3 Tarpaulin 1 16

4 Tarpaulin 2 15

5 Biking 17

6 BMX Biking 20

7 Skateboarding 21

8 Roller Skating 22

9 Golfing 22

10 Trampolining 23

11 Mini Archery 24

12 Electric Standing Scooterl 24

13 Moving Bull 25

14 Horseback Riding 26

15 Zorbing Downhill 26

16 Obstacle Course 27

17 Bumper Cars 28

18 ATV Riding 29

19 Inflated Playground 29

20 Wave Pool 30
 xvii

21 Water Fun Splash 31

22 Jet Skiing 32

23 Banana Boat Riding 32

24 Food Offer 36

25 Service Process Flow chart 41

26 SPLASH PARADISE Logo 65

27 Floor Plan For Mini Office 66

28 Site Development Plan 67

29 Aerial View of Lamba, City Map 69

30 SPLASH PARADISE Map 70

31 Food Kiosk 71

32 Vending Machine 72

33 Parking 72

34 Picnic Ground 73

35 Waste Disposal Chart 74

36 Organizational Chart 77
 xviii

LIST OF GRAPHS

GRAPH PAGE
1 How often People Visit Eco-park and Recreational Center 6
Monthly
 xix

LIST OF APPENDICES

APPENDIX PAGE
A Outgoing letter 107

B Sample Survey Questionnaire 108

C Survey Result 110

D Formulas 112

E Government Contributions 115

F Documentation 118
 SECTION I

MARKET STUDY
 2

Nowadays almost all people are fond of travelling. They seek for adventures, visit

and discover natural and new destinations such as seas, lakes, rivers, mountain ranges

and so on. They love to know new cultures other countries may have. It’s always

interesting to discover new things and other ways of life, to meet different people, make

friends and taste different food. It’s common knowledge that travelling is a key to

understanding other cultures and a wonderful opportunity to learn more about the world

we live in. People travel for pleasure and relaxation.

. A thorough study has been made that traveling is the best way to empty your

wallet but will fill your heart. This will help you understand that life isn’t long to stay in one

corner. A guide to help you overcome what you’re going through.

Bicol Spice Travel and Tours can offer the best and unique packages for the

demanding travelers in different places at a very affordable prices. An amazing trip where

they can feel the best out of town experience through experiencing the service which

caters a new and unfamiliar places. The agency can render what the tourist are looking

and requesting for.

Background of the Study

Bicol region is one of the most visited because it has more tourist destinations and

has an amazing scenery. Consisting of six provinces namely Albay, Camarines Norte,

Camarines Sur, Catanduanes, Masbate, and Sorsogon where it has the best destination

for judicious and demanding guests. The Bicol Spice Travel and Tours will take guests to

unknown yet at a very interesting and accommodating places. The guests will love to
 3

treasure more memories through adventure and outside the house relaxation. Having an

agency that caters to a new destination will help the province in boosting the hidden

paradise of Bicol.

Bicol region place inhibited by hospitable people. Its growth rate in tourism is

continuously expanding. Bicol has a huge contribution to tourism in the Philippines

because of its lot of tourist destinations. Legazpi City, for example, has a lot of investors

investing to business service in an ideal place to boost up sales, especially now that Albay

province is ready for any accommodations due to the International Airport. Thus, it can

help Bicolanos and Albayanos in particular employment possibilities.

Bicol Spice Travel and Tours is a unique form of agency because of the services

offer. Many people are looking for a new places and discover more exciting adventures.

That’s why this agency caters destinations that are not well-known places because there

are places that are very well known yet already polluted, what they need is a new, quiet

and reserved places. This establishment will help in boosting the tourism industry in Bicol

region through introducing different tourist attractions and the target consumers to

discover more beautiful hidden places. As of these days, scenery is now booming as well

as its stunning experience in some itineraries such as adventures and other activities here

in Bicol. This agency has different kind of destinations that guests will surely love. It

covers,

In this study, the proponents are introducing new places to treasure and love.
 4

The Service

Bicol Spice Travel and Tours main objective is to satisfy and give the needs of the

tourists or travelers, with high quality of the agency and service according to their

requirement and satisfaction, making them special and meeting their standards. Bicol

Spice Travel and Tours is an establishment that promotes a new and preserved places.

It will help the Bicol in boosting the tourism. The establishment also provide a DSLR

camera, Go Pro Hero 5, and a Drone for the guest’s perfect picture shot.

Target Market

The target market will be categorized from age of sixteen to sixty-four (16-64) years

old.

Table 1
Target Consumers

Profession Percentage
Professionals 28%
Students 72%
Total 100%

Sex Percentage
Male 62%
Female 38%
Total 100%
*Based on survey

The table shows the target market of the Bicol Spice Travel and Tours that includes

professionals (Seaman, Teachers, Government employees), and housewives that can

avail the offers of the agency because they have the capability to avail the services and

have the willing to spend time on vacation and to be relax while on a vacation trip.
 5

Demand Analysis

Albay Region has a huge number of competitive business establishments and

travel agencies that offer services to clients who’s looking for leisure. A travel agent, sells

prepared packaged tours, prepares individual itineraries, provides accommodation, and

a host for other information.

Table 2
Historical Data of Population in Legazpi

Year Population Growth Rate

2018 205,376
2019 208,376
2020 211,416 1.46%
2021 214,502
2022 217,633
*Based on Philippine Statistic Authority

The table 2 shows that there is a 1.46% growth percentage of population in

Legazpi. The growth percentage will become the basis of projection for the entire

population of Legazpi.

Table 3
Projected Demand in Population of Tourist in Legazpi City

Demand Total Capable Target

Year Population
Rate Population Rate Population
2018 205,376 195,107 78,042
2019 208,376 197,957 79,182
2020 211,416 95% 200,845 40% 80,338
2021 214,502 203,776 81,510
2022 217,633 206,751 82,700
*Based on Philippine Statistic Authority
 6

The table 3 shows the target population of the business wherein there is 95% of

demand rate and the researcher assume 40% of the target who are capable to avail the

services of Bicol Spice Travel and Tours. The total population was multiplied from the

capable rate that resulted to target population. This will determine the realistic potential

demand of the business.

Table 4

Projected Demands Bicol Spice Travel and Tours

in Legazpi City

Target % of Total
Year Frequency
Population Willingness Demand
2018 78,042 97% 1 75,700
2019 79,182 97% 1 76,806
2020 80,338 97% 1 77,928
2021 81,510 97% 1 79,065
2122 82,700 97% 1 80,219
*Based on the survey

The table above shows the demand of Bicol Spice Travel and Tours where it

shows an 97% willing to avail the tour packages of the business and highest frequency

to travel in Bicol Region which is 1 week or more.

Supply Analysis

The table below shows the recognized competitors of Bicol Spice Travel and

Tours. The researchers conducted a survey in the three establishments. The competitors

gave the reliable information about their customers. Therefore, it can contribute to the

researchers as basis for daily customer.

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Table 5
Annual Supplies of the Competitors

Average number of Customer

Competitors
Daily Weekly Monthly Yearly
7 Diamond Travel and
5 20 40 1,680
Tours
Sam Mell Travel 15 70 280 5,040
Agency
Lucky Quest Travel and
10 30 80 3,360
Tours
Total 10,080

The table shows the daily, weekly, monthly and annual average of customers that

the surveyed travel agency competitors serviced.

Table 6
Projected Annual Supply of Competitors

Year Customer Growth Rate

2018 10,080
2019 10,584
2020 11,113 5%
2021 11,668
2122 12,251

Projected Service Volume

The proposed business will open from 10 o’clock in the morning to 9 o’clock in the
evening from Monday to Sunday. Bicol Spice Travel and Tours is located at Ayala Malls,
Legazpi City.
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Table 7
Projected Service Volume of Bicol Spice Travel and Tours

Year Daily Weekly Monthly Yearly

2018 10 70 280 3,360
2019 11 77 308 3,696
2020 12 84 336 4,032
2021 13 91 364 4,368
2022 14 98 392 4,704

The table 7 presents the projected service capacity, the proponents made an

assumption of increase of 1% yearly to get the safest number of service volume, which is

needed for the computation to get the demand and gap analysis of Bicol Spice Travel and

Tours.

Demand and Supply Gap Analysis

The table shows the demand and supply gap analysis of Bicol Spice Travel and

Tours, where projected supply is subtracted to projected demand.

Table 8
Demand and Supply Gap Analysis

Projected Projected Service Market

Year Gap
Demand Supply Capacity Share
2018 75,700 10,080 65,620 3,360 5%
2019 76,806 10,584 66,222 3,696 6%
2020 77,928 11,113 66,815 4,032 6%
2021 79,065 11,668 67,397 4,368 6%
2022 80,219 12,251 67,968 4,704 7%

Table 8 shows the difference between the demand and supply which is resulted

the demand and supply gap. Market share is service capacity divided by demand and
 9

supply gap. Demand and supply gap analysis is computed to identify the proposed

business has still place the target market.

Market Share of Competitors

Table 9

Market Share of Competitors

Yearly
Market
Competitors Average Sales
Share
Customers
7 Diamond Travel and
1,680 41%
Tours 420,000
SamMell Travel Agency 5,040 360,000 35%
Lucky Quest Travel and
3,360 24%
Tours 240,000
Total 1,020,000 100%

Sales Forecast

Table 10 shows the projected sales volume of the business in the next five years.

As the service volume increases by 5% yearly, the service charge prices also increase.

Table 10
Summary of Projected Sales Forecast of
Bicol Spice Travel and Tours

Year Daily Sales Weekly Sales Monthly Sales Yearly Sales

2018 154,580.00 1,082,060.00 4,328,240.00 51,938,880.00

2019 156,125.78 1,092,880.50 4,371,522.33 52,458,268.80

2020 157,707.89 1,103,955.23 4,415,820.95 52,989,851.49

2021 159,284.76 1,114,993.33 4,459,973.33 53,519,680.00

2021 160,877.61 1,126,143.26 4,504,573.07 54,054,876.80

*See Projected Sales Forecast

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Table 11
Sales Forecast of Bicol Spice Travel and Tours

Percentage of Number of
Service Provided Price Daily Weekly Monthly Yearly
Willing to Avail Costumer

Tour Package A 92% 20 7,729.00 154,580.00 1,082,060.00 4,328,240.00 51,938,880.00

Tour Package B 58% 10 4,500.00 45,000.00 315,000.00 1,260,000.00 15,120,000.00

Tour Package C 60% 15 5,350.00 80,250.00 561,750.00 2,247,000.00 26,964,000.00

Tour Package D 41% 25 6,500.00 162,500.00 1,137,500.00 4,550,000.00 54,600,000.00

Tour Package E 44% 30 7,500.00 225,000.00 1,575,000.00 6,300,000.00 76,600,000.00

TOTAL 667,330.00 4,671,310.00 18,685,240 225,222,880.00

The table 11 shows the number of capacity and customers of Bicol Spice Travel

and Tours per day and the percentage of clients that wants to avail the packages of the

business and the additional services being offered. The percentage of willingness to avail

is based from the survey conducted.

Marketing Strategy

Bicol Spice Travel and Tours main objective is to satisfy and give the needs of the

tourists or travelers, with high quality of our agency and service according to their

requirement and satisfaction, making them special and meeting their standards.

Marketing strategy is the fundamental goal of increasing sales and achieving a

sustainable competitive advantage. It will identify the different ways you can talk to your

customer and concentrate on the ones that will create most sales.

The marketing strategies are functional strategies, and are based on the goals of

the business. In a small business, the focus must be on communicating the value

proposition to the travelers the best price for the value.

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Social Media

Social media is the used of social media platforms and websites to promote the

agency which is Bicol Spice Travel and Tours. Market research can be a costly and time-

intensive process. However, many businesses have begun to turn to social media as a

cost-effective and in-depth tool for gaining insights into their customers, market, brand

appearance and other important market research aspects. The keys to utilizing social

media for market research are to understand the benefits and creating a proper research

plan. Through social media many millennials will know this agency.

Printing Advertisements

When people pick up a printed piece, they’re more engaged in and receptive to

what they’re reading. People seek the story they read for content. They slow down, focus

on what they’re reading, including the ads, which they appreciate as adding to the

experience.

Print media makes such an impression on readers that what we read is more easily

stored in our brains. Because we are learning back when we’re reading ink on paper,

we’re more immersed, and more likely to absorb and retain the information, including the

printed medias such as flyers, tarpaulins, magazines, and newspapers.

Accreditation

DOT – The Bicol Spice Travel and Tours will coordinate to Department of Tourism

(DOT) of Legazpi City to be an accredited agency and to join in the promotional

advertisement of the government like the slogan “It’s more fun in Legazpi”.
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Tarpaulin 1
Figure 1

Tarpaulin 2
Figure 2
 13

Sample Flyer (Front)

Figure 3

Sample Flyer (Back)

Figure 4
 SECTION II

TECHICAL STUDY
 15

Technical study is an analysis methodology for forecasting the direction of prices

through the study of past market data, primarily price and volume. It is also an excellent

tool for both troubleshooting and long-term planning. It can serve as a flowchart of how

products and services evolve and move through business to physically reach the market.

Service Specification

This agency is for everyone who loves to travel and explore unknown yet

interesting places. The Bicol Spice Travel and Tours is located in Legazpi City. The

business is open eight (8) hours a day to cater the tourist who need assistance in their

travel.

The Bicol Spice Travel and Tours offers affordable packages. The itineraries are

perfect for the people who seek to relax, unwind, travel and experience the hidden

paradise of Bicol. The travel agency focuses mainly in Bicol which consists of six

provinces namely Albay, Camarines Norte, Camarines Sur, Catanduanes, Masbate, and

Sorsogon. The business offers 5 different itinerary packages that the client can freely

choose their route. Four days is the maximum of the packages and three days is the least.

The Bicol Spice Travel and Tours will make sure to satisfy and give the needs of

the tourists or travelers by meeting their standards. The business will provide a DSLR

camera, Go Pro Hero 5, and a Drone for the guest’s perfect picture shot with a

photographer and a tourist guide that will give the traveler not just everything but also

interesting information to make the journey memorable and worthwhile.

 16

Destination in each Provinces

The following figures show the possible places in the itinerary that may be

availed by the tourists. This figure is included in the brochure which will be shown to the

interested customers during their visit.

Albay

Farm Plate

Figure 5

It has the feel of a barnyard with the farm animals and birds in sight. The spot may

aim to cater to weddings, company events, camping activities to name a few. This place

is a good respite from the dizzying city life as the spot is located in few minutes snap from

the busy Daraga main passageway.

Mirisbiris Garden and Nature Center

Figure 6
 17

Mirisbiris is an ever-growing tropical garden, with adjoining 2nd growth

rainforest. Together, they occupy slightly more than 10 hectares. Trails through the

forest lead to a private beach with a coral reef offshore. Mirisbiris is for those who want

to escape the hustle and bustle (and pollution!) of cities, but who don't want the

commercialism of well-known beach resort areas. It is a quiet, rainforest-to-reef

environment, with some cultivated patches as well, and a delightful Center building.

Bambusetum at Kawa-kawa Hill Nature Park

Figure 7

A bambusetum is at Kawakawa Hill in Ligao City to be followed by the establishment

of a 15-hectare bamboo plantation in eight barangays of the same city in Albay.

Bambusetum (a collection or gene bank of bamboo species) will include a 9,652-square

meter of kawayang tinik (Bambusa blumeana) plantation, the 8,525-square meter gene

bank and an 8,463-square meter nursery. It is established on the slopes of Kawakawa

Hill, a 236-meter high peak in Barangay Tuburan developed by Rep. Gonzalez as a tourist

destination that provides calm winds, fresh air and a panoramic view of Ligao City and

beyond. Its summit forms a crater resembling a huge Chinese cooking wok ("kawa" in

local dialect) hence its name.

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Sorsogon

Balay Buhay sa Uma Bee Farm

Figure 8

Balay Buhay sa Uma Bee Farm is a combination of a resort, bee farm and

restaurant located in a verdant area in Sorsogon. There is a cold spring for those who

want to escape the summer heat. The spring is located at the farther end of the bee farm

enabling the visitor to pass thru the scenic view of the bee hives located on both sides of

the trail. For dining, a pavillion built with bamboos, wood and native materials offer healthy

options consisting of Bicol dishes such as "pinangat", steamed "kirawan" and boiled

edible freshwater snails in coconut milk.

Bulusan Lake

Figure 9
 19

Bulusan Lake's landscape is lush, its surroundings quiet except for the occasional

rustling of leaves, the gentle paddling from canoes, and the distant chirping of birds.

Locals can also be seen fishing in the lake, which is about 20 meters (60 feet) deep.

Maintained by a cooperative, the expansive lake can be explored by renting kayaks or

aqua cycles, which cost about P100 to P125 per person. Beyond the lake are several

waterfalls, springs, and hiking trails, trips to which can be arranged at the cooperative's

office.

BUHATAN RIVER

Figure 10

Buhatan River is an eco-adventure tour with the river cruise being its highlight

activity. Experience lounging on a raft with cushioned seats as it gets pulled by a small

boat downstream. The lush mangrove vegetation dominates the scenery with the

occasional bird sighting. On-board, local snacks are served an interesting mix of local

treats, which includes pili nuts, cassava and taro chips, and a fresh serving of cold

lemongrass juice. The tour covers 3.9 kilometers per way, and this slow-paced journey's

destination is the floating bamboo restaurant at the mouth of Sorsogon Bay. Doing so

allows guests to experience in one go the river scenery in broad daylight, a gorgeous

sunset view, and enchanting fireflies come night time.

 20

Residencia Del Hamor

Figure 11

Recidencia Del Hamor is a sanctuary of calm sitting on 24 hectares of foothills of

Mt. Bulusan featuring panoramic views of the mountains, providing the perfect retreat into

nature. The stunning outdoors is surrounded by dense vegetation, virgin forest with a

flowing river. The infinity pool itself is huge. It has a shallow and deep end. The water is

a beautiful deep blue. It’s very cold and refreshing even under the punishing sun. The

secret to the water’s cold temperature is its source. It comes directly from the mountains

nearby. There are also ATVs for rent, parked beside the lounge area. Golf carts are also

available, but it’s not for rent and guests are not allowed to drive them. Only the personnel

can man the golf cart. It serves as transportation service for the guests and their luggage.

Casiguran Municipal Hall

 21

Figure 12

Established in the year 1600, Casiguran was the first missionary parish of Sorsogon.

When the Spaniards first set foot in this part of Luzon in the 1570s, Casiguran was

considered as their center of Kabikolan. Casiguran Municipal Hall is one of the popular

place in Casiguran because of its spectacular building design.

Barcelona Church and Ruins

Figure 13

Considered as one of Bicol's oldest churches, they call it St. Joseph Church which

is now popularly known as Barcelona Church it is a century-old church that was built by

Spanish friar from the Franciscan order in 1874. Using just the slabs of stones taken from

the sea and put together using egg whites mixed with lime and coconut wine, it is perhaps

the most well-preserved church in Sorsogon. Although it already undergone some

restorations, the original walls including the bell tower are still intact. While it’s pretty in

itself, basking on emerald fields & sun-kissed beach lines it only captures passing-by

tourists coming from both ends. And visitors only stay for an hour at most only to see the

church of St. Joseph, the Presidencia ruins & quick photo-ops at the marquee. It’s a
 22

beautiful place for a breezy stopover. You can run to the beach for a quick dip or enjoy local

snacks lined up at the roadside.

Camarines Norte

CLUB NOAH ECO RESORT

Figure 14

The main feature of our resort is the fresh flowing water in the river. It is cool and

refreshing. You will truly enjoy and be closer to nature when you go here. Club Noah is

thriving to restore its old beauty and give our clients a better experience.

Mahabang Buhangin

Figure 15
 23

Mahabang buhangin is one of the best tourists’ spots in Camarines Norte very

known to beach lovers and backpackers. The kilometers long stretch of powdery white

sand beach and crystal-clear waters add up serenity and simplicity gained its reputation

as one of the best pristine beaches in the country. The green hills and trees make the

perfect ambiance of the beach. Beach camping is an ideal thing to do but to save from all

the hassle, Waling-Waling Eco-Village situated on the beach offers food and

accommodation packages.

Camarines Sur

HIBISCUS CAMP CONCEP

Figure 16

You can experience a little taste of Baguio here in Hibiscus Camp, it is located in

Tigaon, Camarines Sur. This place will give you a feeling of serenity and relaxation. It

has outstanding scenery and if Mayon likes you, it will give you a peek of its peak from a

far distance. You can’t go wrong in going there. You will be mesmerized by the sheer

beauty of nature! This is also near Deer Farm and Consocep Falls. There’s a twenty

pesos fee in Hibiscus Camp.

 24

SONRISA FARM

Figure 17

Sonrisa is a Spanish word that means smile. And people who enter the farm always

have this beautiful curve on their faces, that’s why the owner of the farm, Ms Cherry Lo,

named it as Sonrisa Farm. The farm is located in Carangcang, Magarao, Camarines

Sur. Sonrisa Farm is a lush slope of greeneries graced by beautiful sunrises to welcome

everyone with a warm smile. It is home to a growing diversity of local vegetables,

indigenous plants, high-value crops and livestock grown naturally - free from harmful

pesticides and synthetic feeds - integrated to uphold sustainable farming and healthy

living.
 25

Water Falls Hopping

Figure 18
The province of Camarines Sur in the Bicol Region has long been a destination for

nature lovers and adventurers as this rugged land is filled with many idyllic locales that

one can explore and enjoy right in the heart of nature. Those enchanting waterfalls is

stands at an impressive 40 feet and has a concrete winding stair, swimming areas below

the waterfalls, foot bridges and pathways, cottages, a plant nursery and campaign

grounds.

Tugawe Cove Resort

Figure 19

Dive into the world of new discoveries and lasting memories at Caramoan resort.

A hidden paradise ready to welcome the tourist in stunning escape, this Tugawe Cove

Resort will tourist a vacation that will be remember. The soft sounds of the mildly crashing

waves and the soothing hums of the birds will welcome tourists. With nature’s finest in

the backdrop, the first moments in the resort will already take you to serenity.
 26

Catanduanes

TUWADTUWADAN BLUE LAGOON

Figure 20

Tuwad-tuwadan Blue Lagoon is located in Brgy. Balagnonan, Pandan,

Catanduanes. It is an amazing work of nature, a secret lagoon in the middle of a rock

formation blessed with crystal clear blue-green water filled with corals and fishes. It's a

perfect haven for photographers and nature lovers alike. Its name was derived from the

species of seashells abundant in the lagoon. However, true to its word "Tuwad-tuwadan"

meaning to stumble and fall, you'll have to make an extra effort to get there, either by

climbing over cliffs and stumbling down on grassy pavements. It's a perfect spot for

swimming.
 27

HIYOP HIGHLANDS

Figure 21

Hiyop Highlands is now a must-see place. It is a 25-minute rough road drive from the

town proper and is best during sunset from 4 pm until it is finally set and during clear

skies, it is a wonderful showcase of the galaxy.

CAGNIPA ROLLING HILLS

Figure 22

Cagnipa is a good way to cap off a tour around the northern part of Pandan. From

the hills, you can see the white-sand Cagnipa Beach and Carangyan Beach, as well as

Hiyop Point. You can walk down a flight of concrete stairs and take a dip (or go for a cliff

jump) in the tidal pool called Tuwad-Tuwadan Lagoon.

 28

NUPA GREEN LAGOON

Figure 23
People may think this is Magpupungko Pools of Siargao Island, but this is actually

Nupa Green Lagoon of Gigmoto, Catanduanes. If you’re the type of traveller who avoids

the crowd, this spot is perfect for you. Enjoy its serene and tranquil ambiance while

watching a petite marine life in the natural pool- only for free.

PATAG ISLET

Figure 24

Cagraray Island also known as “Patag Island” is located in Brgy. Cagraray in the

town of Bato, Catanduanes. The word “Patag” is a Tagalog/Bicol dialect meaning flat.

From afar, you will see Cagraray Island with white sand surrounded by some rocks and

boulders.
 29

SOBOC COVE

Figure 25

Soboc Cove for nature lovers and mountain hikers is the Mount Cagmasoso which

is the highest mountain peak in the island that offers a spectacular view from the

top. Treat your eyes with the breath-taking panoramic view of Soboc Cove as its

whole stretch continues to captivate local and foreign visitors with its idyllic allurement.

Linampawan Falls

Figure 26

Pandan is more than nature, sea, sand and sun. It is also a home with the most

scenic and dramatic waterfalls. One of the most prominent is the Linampawan Falls

situated in Brgy. Tokio, Pandan. Linampawan falls is a sight to behold because it can

marvel not just at its clear cascades but at mountain draped in lush forests surrounding

its green and deep natural pool. After a long trek going on this marvelous and mysterious

fall, you can have a rejuvenating relaxation by simply dipping on its cold water and

embrace the serenity of the place.

 30

Masbate

ANIMASOLA ISLAND

Figure 27

Animasola is part of Burias group of Islands. The island is known for its rock

formations similar to Biri Island, and its natural pool. Know to its amazing rock formations

and natural pool. Animasola is one of the islands you can visit when you're in Burias. The

water is clear and clean. There's a lot of instagrammable spot beside of the rock

formation.

DAPA ISLAND

Figure 28
 31

Dapa Island is located in San Pascual, Masbate. The island is small surrounded

by rock formations. It is like human-made and perfectly shaped like an ancient sculpture

with big pillars Dapa Island is sometimes called as the “Snake Island” because of its

naturally shaped cave and rocks which are believed to be the home of some sea snakes.

A trip to Dapa Island will not be complete without climbing and experiencing the top of the

island’s huge rock formation. It was some kind of’ challenge to do some of rock climbing

but once you get to the top, it was worth it. The view of the sea was just enough to give

you the needed relaxation. Plus, the sea breeze was soothing. It’s not every day that you

see that view, so just make the most of it.

TINALISAYAN ISLAND

Figure 29

Tinalisayan Island is part of your island-hopping excursion in Burias. During your

trip, you'll see a long white sand bar surrounded by clear emerald waters.

Previously covered in red Talisay trees, Talisayan Island offers the same pristine waters

with the addition of a few tables for picnics and family gatherings. Climb up the hill and

have your photo taken with a breath-taking view of the Philippine Sea.
 32

Mt. MAYONG PAYONG

Figure 30
Mayong payong is one of the newly discover tourist spot in Masbate wherein you

can over view the City of Masbate with a wonderful scenery of mountain and sea. It is a

very nice side trip that ought to be added in your itinerary. You can also opt to stay

overnight here and breath-in the amazing views of the province from the hilltop as you

adore the glory of sunset and sunrise.

PORTA VEGA BEACH RESORT

Figure 31

Porta Vega Beach Resort is known to locals of Dimasalang Masbate as a venue for

family get-aways, reunions and even for the simple cause of wandering. You will enjoy

the scenic view of the ocean and experience the beach side and fresh water of the sea.
 33

LA MANOK ISLAND

Figure 32

La Manok Island is a hidden, unspoiled and undiscovered island between Cebu and

Masbate. La Lamanok is composed of 2 islands connected by a shallow shifting sand bar.

According to the native people, the name came from the islands’ figure. From a far, it

looks like 2 chickens (manok) facing each other. They said, one is the cock and the other,

the hen.

HALEA NATURE PARK

Figure 33

Halea Nature Park in Ticao Island is one of the precious jewels in Masbate that you

would just want to keep to yourself forever. Halea National Park boasts of its giant Mantra
 34

Rays, numerous, diverse aquatic wildlife and its very laid-back, secluded and lovely

scenery.

LAPUS LAPUS ISLET

Figure 34

Lapus Lapus Islet is located in Monreal, Masbate. It is a small community that has

fine white sand and crystal-clear waters.

Pricing

Table 12
Tour Package A

Albay - Sorsogon – Masbate

(4 Days & 3 nights)
Php 7,729.00
Day 1
8:00 – 9:00 Farm Plate

9:00 – 10:30 Bambusetum at Kawa-kawa

10:30 – 11:30 Lunch Time

11:30 – 2:00 Travelling to Sorsogon

 35

2:00 – 2:30 Barcelona Church & Ruins

2:30 – 4:00 Buhatan River Cruise

4:00-5:00
Residencia Del Hamor
(Overnight)
Day 2

9:00 – 10:00 Casiguran Municipal Hall

10:00 – 11:00 Balay Buhay sa Uma Bee Farm

11:00 – 3:00 Bulusan Lake

3:00 – 6:00 Travelling to Masbate

6:00 – 7:00 Arrive at Masbate

Day 3
Whole day Animasola Island, Dapa Island, Ernest Point,
Island Hopping Tinalisayan Island
Day 4

9:00 -12:00 Travelling back to Legazpi

12:00 – 1:00 Lunch Time

1:00 – 2:00 Souvenir Shopping

Airport or Terminal Transfer

Table 13
Tour Package B

Albay – CamSur – CamNorte

(3 Days & 2 nights)
Php 4,500.00
Day 1
8:00 – 9:00 Mirisbiris
9:00 – 11:30 Travelling to Camarines Sur
11:30 – 12:30 Lunch Time
 36

12:30 – 1:30 Sonrisa Farm

1:30 – 4:00 Falls Hopping
4:00 – 5:00
Hibiscus Camp Consocep
(overnight)
Day 2
9:00 – 12:00 Tugawe Cove Resort
12:00 – 1:00 Lunch Time
1:00 – 3:00 Travelling to Camarines Norte
3:00 – 4:00
Club Noah- Eco Resort
(overnight)
Day 3
9:00 – 1:00 Mahabang Buhangin
1:00 – 2:00 Souvenir shopping
Airport or Terminal Transfer

Table 14
Tour Package C

Albay – Catanduanes
(3 days & 2 nights)
Php 5, 350.00
Day 1
8:00 – 10:00 Bambusetum at Kawa-kawa
10:00 – 11:00 Mirisbiris
11:00 – 12:00 Lunch Time
12:00 – 4:00 Travelling to Catanduanes
4:00 – 5:00
Marem Pension House
(overnight)
Day 2
WHOLEDAY Tuwadtuwadan Blue lagoon, Hiyop Highlands,
ISLAND Cagnipa Rolling Hills, Macailao Beach, Nupa
HOPPING Green Lagoon
 37

Day 3
8:00 – 12:00 Travelling back to Legazpi
12:00 – 1:00 Lunch Time
1:00 – 2:00 Souvenir shopping
Airport or Terminal Transfer

Table 15
Tour package D

Masbate Tour
(4 days & 3 nights)
Php 6, 500.00

Day 1

8:00 – 1:00 Travelling to Masbate and check inn @ GV Hotel

1:00 – 2:00 Travelling to Mobo

2:00 – 6:00 Mt. Payong

6:00 – 7:00 Going back to hotel

Day 2

8:00 – 10:00 Travelling to Dimasalang

10:00 – 1:00 Porta Vega

1:00 – 5:00 Lamanok Island

6:00 – 8:00 Going back to hotel

Day 3

8:00 – 10:00 Travelling to Monreal

Halea Nature Park
10:00 – 5:00
Lapus- lapus Islet
5:00 – 8:00 Going back to hotel

Day 4
 38

8:00 – 9:00 Check out

9:00 – 11:00 Souvenir Shopping

11:00 – 5:00 Travelling back to Legazpi

Airport or Terminal Transfer

Table 16
Tour package E

Catanduanes Tour
(3 days & 2 nights)
Php 7, 500.00
Day 1
Travelling to Virac, Catanduanes & check inn @
7:00 – 11:0
Rennel’s travelling Inn
11:00 – 12:30 Patag Islet
12:30 – 2:00 Nupa Green lagoon
2:00 – 5:00 Soboc Cove
5:00 – 7:00 Going back to hotel
Day 2
7:00 – 9:00 Travelling to Pandan
Hiyop Highlands, Cagnipa Rolling Hills, Tuwad-
9:00 – 5:00
tuwadan, Blue Lagoon, Macailao Beach
5:00 – 8:00 Going back to hotel
Day 3
8:00 – 9:00 Check- out
9:00 – 11:00 Souvenir shopping
11:00 – 3:00 Travelling back to Legazpi
Airport or Terminal Transfer
 39

Service Process
Assisting the
Arrival of the guest to choose Customer
the
guest service/packag Assistance
es they want

Downpayment Rules and Signing of

(Cash or regulation and consent and
credit) guest safety waivers

Application of
Full payment
service

Service Flow Chart

Figure 35
This figure shows on how the service flows. It shows the step by step service

process of the business of how the guest will experience when the guest avail the

service. With proper design and construction, it communicates the steps in a process

very effectively and efficiently. Service flow chart is for the customer to make them

understand on how the process is done.

Arrival of the guest

Guest will be fetching up by the tourist guide and will lead them to the office of

the agency.
 40

Assisting the guest to choose the service/packages they want

The agency will be assisting the guest to choose the best packages that they

want to avail from the Bicol Spice Travel and Tour agency. The package that will enjoy

and experience the best adventure they ever had on their vacation.

Customer Assistance

The Bicol Spice Travel and Tour will make the stay of the guest memorable and

will make sure to give the best service to the guests. This agency will provide the

possible needs of the guests.

Down Payment

When the guest already chooses their package that they want to avail, the guest

will have to pay the down payment, for the reservation of their itinerary.

Rules and Regulation and Guest Safety

The agency will discuss the rules and regulation of the business to the guests, so

that the guests are aware of the dos and don’ts and for them to be guided and prepared

to any emergency happen in their tour. The guests shall obey the rules and regulations

for their own safety.

Signing of Consent and Waivers

The agency will provide a letter and waivers which the company and the guest

are both agreed to the rules, regulation and terms that the agency have been

discussed. Also, for the assurance of the agency that the guest is willing to follow their

rules so that they will have a safe trip.

 41

Full Payment

The guest is required to pay the remaining balance and the other expenses while

they are in the travel.

Table 17

Machineries and Equipment

Items Description Qty Unit cost Total cost

Closed-circuit
television is used for
monitoring and
surveillance
3 21,300.00 63,900.00
purposes. It is mainly
used for security
(CCTV) purposes.
Air-
conditioner is used to
cool a room; they are
often placed inside of
2 23,290.00 46,580.00
a window and bring
in outside air while
Air- Conditioner
cooling it.

Electric Fans is a
machine that
executes wind to
give air to the people 2 1,275.00 2,550.00
using it.

Electric fan
Television is
equipment with a
screen that receives
and produces
images and sounds
1 15,700.00 15,700.00
that gives the
viewers the interest
to watch any
Television television programs.
 42

Personal Computer
in which the
receptionist used to
3 14,500.00 43,500.00
keep the guests and
establishment’s data.
Personal computer

Printer is a machine
use for printing
documents and 2 8,500.00 17,000.00
photographs.

Printer
A fluorescent lamp,
or fluorescent tube,
is a low-pressure
mercury-vapor gas- 5 1,315.00 6,575.00
discharge lamp that
uses fluorescence to
Fluorescent Lamp produce visible light.
A GoPro is a small
camera the takes the
best qualities of
point-and-shoots and
camcorders and
2 19,950.00 39,900.00
packs them into a
rugged frame that’s
smaller, waterproof,
and virtually
GoPro
indestructible.
A digital single-lens
reflex camera is a
digital camera that
combines the optics
and the mechanisms
of a SLR
2 23,900.00 47,800.00
camera with a digital
imaging sensor, as
DSLR opposed to
(Digital Single-Lens Reflex) photographic film.
 43

The aircrafts may be

remotely controlled
or can fly
autonomously
through software-
controlled flight plans 2 24,499.00 48,998.00
in their embedded
systems working in
conjunction with
Drone Camera onboard sensors and
GPS.

Telephone is a
system use for
communicating with 3 2,499.00 7,497.00
the guest over a long
distance.
Telephone

Card Machine is
device used access
card payment to 1 8,075.00 8,075.00
make electronic
moneys transfer.
Card machine

2 265.00 530.00
It is a device that
performs arithmetic
operations on
Calculator numbers.

Van is a vehicle use

as a transportation
that carries and
transport passenger 3 1,200,000.00 3,600,000.00
to their desired
location or
destination.
Van
 44

Generator is a
machine that
supplies electricity
1 25,621.68 25,621.68
used as a backup in
terms of emergency
brownouts.

Generator

Fire Extinguisher is
an equipment used
to control and
extinguish the fire 1 2,500.00 2,500.00
and often in
emergency
circumstances
Fire extinguisher

Water dispenser
used to cool and 1 3,800.00 3,800.00
dispense water.

Water dispenser

Table 18

Furniture and Fixture

ITEMS Description Qty Unit Cost Total

Cost
Office table is the
workplace of the
employees where they
can set their own 3 5,699.00 17,097.00
documents and things
needed in office hours.
Office table
 45

Receiving table used for

meeting purposes to
1 2,479.00 2,479.00
discuss by the manager
the important agendas.

Receiving Table

Office chair is a type

of chair that is used by
the manager where 3 3,499.00 10,497.00
he/she is working. It is
usually a swivel chair.

Office Clerical Chair

Chair is used by the

employees when they
12 2,175.00 26,100.00
are on duties.

Chair

A filing cabinet is a piece

of office furniture usually
2 4,499.00 8,998.00
used to store paper
documents in file folders.
Storage/Filling Cabinet

Lounge bench is for the

guests or clients where
2 10,875.00 21,750.00
they can sit while waiting
for their appointment.
Lounge Bench

Mirror a piece of glass

with a back that reflects
light, producing an image 1 500.00 500.00
of whatever is in front of
it
Mirror
 46

Painting is an artwork
applied directly on a wall,
3 480.00 1,440.00
used as additional design
to the firm.

Paintings

Wall clock is provided to

determine and be aware
of the time.
3 250.00 750.00

Wall Clock

Magazine and brochure

stand are for the purpose
of displaying various
things like books, 1 800.00 800.00
magazines, brochure and
cards in an orderly
fashion.
Magazine and Brochure
Stand

Vase is an open
container. It is used for
decoration, and they are 3 280.00 840.00
often used to hold
cut flowers.
Flower Vase

Doormat is placed before

or inside a door for
1 125.00 125.00
wiping dirt from the
shoes.
Door Mat
 47

Table 19

Cleaning Supplies

Items Description Qty Unit cost Total cost

A trash can is a
large round
container which
4 330.00 1,320.00
people put their
trash and
garbage.

Trash Cans

Dust pan used

to carry waste
2 115.00 230.00
with a
combination of
broom.
Dust pan with a broom

A spin mop is
made up of
yarn or piece of
cloth. It is used
1 600.00 600.00
for cleaning the
floor that is
soaking up with
a liquid with
Spin mop
detergent.

Soft broom is a
cleaning tool
that is use for
2 120.00 240.00
sweeping the
floor.

Soft broom
 48

A
feather duster is
an implement
used
for cleaning. It 2 99.00 198.00
is made up of a
wooden-dowel
handle and
Duster cleaner feathers.
Polish Cloth is a
material use to
make the
4 35.00 140.00
equipment
shiny and to
Polish cloth make it clean

Air freshener is
a substance for
making the air 1 180.00 180.00
in a room smell
fresh or clean.
Air freshener

Table 20

Office Supplies

Particular No. of Units Unit cost Total cost

Bond Paper 5 reams 165.00 825.00
Ball pen 3 boxes 110.00 330.00
Folder 20 pcs 11.50 230.00
Fastener 20 pcs 2.50 50.00
Ink 3 set 980.00 2,940.00
Push Pins 2 boxes 10.00 20.00
Receipt Paper 40 pcs 18.00 720.00
Stapler 3 pcs 120.00 360.00
Staple Wire 15 boxes 15.00 225.00
Scissors 3 pcs 20.00 60.00
Scotch Tape 10 pcs 15.00 150.00
Record Book 3 pcs 70.00 210.00
Marker 5 pcs 48.00 240.00
Total 6,360.00
 49

Business Logo

A business logo is a symbol of a business identity. It tells people the name of

the business and it creates a visual symbol that represents the business. A good logo can

build loyalty between business and customers, establish a brand identity, and provide the

professional look.

Business Logo
Figure 36

Building Facilities

Bicol Spice Travel and Tours is located at the Capantawan, Legazpi City. The

office space is 75 square meters and will be rent for 10,000.00 and will increase 8%

annually. The location will be improved for the needs of staff and guests. The office work

place will be set for the Manager and the Receptionist as well. There will also a waiting

place established for the guest while they’re deciding on what package they will choose.
 50

Business location

Location is the physical space where the business exists. The location of

a business can affects many aspects of how it operates, such as total sales and how

costly it is to run. A business needs to decide on the best location considering factors

such as customers.

Map
Figure 37
Floor Plan

A drawing that shows the design of a building or room as seen from above and

used especially for planning effective use and arrangement of furnishings. Architects

use floor plans to show what a room or building will look like.
 51

Floor Plan
Figure 38

Business Perspective

Exterior Perspective
Figure 39
 52

Exterior Perspective
Figure 40

Interior Perspective
Figure 41
 53

Interior Perspective
Figure 42

Table 21

Summary of Building Improvement

Particulars Price
Concrete Works 163,220.00
Masonry Works 9,840.00
Doors, windows and Glass
73,950.00
Panel
Electrical Works 213,000.00
Painting Works 221,000.00

Project Cost 681,010.00

Contingency (10%) 68,101.00
Total Improvement Cost 749,111.00
 54

Utilities Requirements

The table below show the monthly and annually utility expenses of the business.

It is computed in monthly and multiplied by 12 to get the annual consumption. The utilities

required in the operation of proposed business includes APEC for the electricity supply,

Legazpi Water District for the water supply and Bayantel Telecommunications as part of

the transaction and internet basis.

Table 22

Utilities Requirements

Utilities Monthly Annually

Power Supply 77,735.80 932,829.57
Water supply 550.00 6,605.50
Telephone & Internet 1,500.00 18,105.00
Fuel Consumption 62,000.00 744,000.00
Total 141,785.80 1,701,540.07

Power Supply. APEC (Albay Power Electric Corporation) will be the distributor of

the travel agency in Legazpi. The agency needs a power supply for everyday use,

because there will be some appliances that is needed to cater the needs of the guests

and the employees.

Water supply. Since the business will be open eight hours a day, it is important for

the office to have a water supply for the bathroom and for the needs of the

employees/guests. It will be installed by the LCWD (Legazpi City Water District).

Telephone & Internet connection. It is important inside the agency to have these

kinds of connections to communicate to the clients who can’t come to the office. These

connections make it easier for the guests/clients to make any reservations faster.
 55

Fuel Consumption. It will be used for the automotive vehicle that is provided by the

business agency. Since this travel agency caters a service that will bring the

travelers/tourists to their destination.

Waste Disposal Management

Waste Disposal management is the activities and actions required to manage

waste from its final disposal. The waste must be properly disposed to avoid contamination

and also to create no harm to the environment. It helps to the environment clean and

green. The proposed business will provide trash bins for biodegradable and non-

biodegradable and recyclable items. Containers will be collected ever closing time for the

sanitary purposes.

Collection

Segregation
Biodegrable & Non Biodegrable

Disposall
Waste Disposal Chart

Disposal Flow

Figure 43

A complete action of monitoring the proper waste disposal will be done to ensure the

garbage and waste of the firm are appropriately disposed. Once the trash bins are

already full, it will be collected and placed in a large container for the segregation

process.
 56

Gantt chart

The researchers presented the calendar of the business on how it was plan and

accomplish in certain period of time. Based on the chart below there will be eight months

of preparation before the actual start of business.

Table 23

Gantt Chart

2017 2018
Activities Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. Feb.

PFS

Sourcing of Capital
Site improvement and
preparation
Business Registration
Purchasing of tools and
equipment
Hiring and Training of
Manpower
Promotion
Actual Start of Business
Operation
 SECTION III

ORGANIZATION AND MANAGEMENT STUDY

 58

Type of Organization

Bicol Spice Travel and Tours will be a Sole Proprietor type of business

organization. It will be managed by the owner, the one who will control the business and

the legally accountable of the financial aspects of the business including the loans and

debts. The profit will be all for the owner, the assets is owned by the proprietor same as

the debt. The manager will take control of the entire business and directed decisions to

be followed by the subordinates and will receive all the profits earned

Owner/Manager

Receptionist

Operations Sales Utility

Personnel

Travel Agent Cashier

Security Guard

Tour Guide Janitor

Photographer
 59

Organizational Chart
Figure 44

Duties and Responsibilities

General Manager

The general manager will be responsible of planning, delegating responsibility,

coordinating, staffing, organizing, decision making and manage and direct overall

operations and all administrative in the business. A major part involves leading and

directing employees. One of the partners will be assigned to this position.

Qualifications:

 Must be a graduate of any managerial bachelor course;

 At least two to three years of work experience;

 Multi-tasking and good in decision making;

 Hardworking, responsible, resourceful, risk taker, and highly motivated to

success.

Receptionist

The staff welcomes visitors by greeting them in person or on the telephone.

Accommodate direct visitors by answering or referring inquiries and gives instructions.

Also, maintains security by following procedures like monitoring logbook.

Qualifications:

 Must be a graduate of four-year course related to hospitality industry;

 Has a pleasing personality;

 Should know how to communicate properly and interact with guests;

 60

 Should know how to receive payments by cash, credit card and checks;

 Multi-tasking and must be proficient in Microsoft Office suite;

 Deliver excellent customer service at all times.

Travel Agent

A travel agent’s job is to offer advice on destinations, plan trip itineraries, and

make travel arrangements for clients, book reservations for travel, hotels, rental cars,

and special events, such as tours and excursions. Tell clients about what their trip will

be like and giving details about the requirements needed.

Qualifications:

 Must be a graduate of four-year course related to hospitality industry;

 Knows how to determine customers’ needs and preferences;

 Knows how to plan and arrange tour packages, excursions and day trips;

 Knows how to handle problems.

Tour Guide

Tour guides are responsible for helping people to visit unfamiliar areas, gives

direction, information to the client and explain interesting things in a place. They are in

charge to check the prior needs of the clients before and after the departure.

Qualifications:

 Must have a good verbal communication skill and knows a multiple

language skill;

 Must be able to interact with people from different backgrounds;

 61

 Being able to retain historical facts;

 Must have excellent knowledge about points of interest of specific cities;

 Must be enthusiastic and friendly;

 Must have time management skills.

Photographer

Photographers are artists with the camera, using a blend of technical skills and an

artistic eye to take pictures of people, places, landscapes, food, and etc. Today's

photographers are almost all digital, no longer using traditional film cameras.

Qualifications:

 Must have excellent technical skills, using digital and non-digital cameras

and industry-standard software such as Photoshop;

 Must have excellent technical skills, using digital and non-digital cameras

and industry-standard software such as Photoshop;

 Must have creativity and an eye for a picture;

 Must have the ability to work under pressure, juggle workload and meet

deadlines.

Cashier

The job function of a cashier is to receive and disburse money in establishments

other than financial institutions. Cashiers are tasked with processing debit cards and

making credit card transactions, either with the general public or during transactions

with employees.
 62

Qualifications:

 Must be a graduate of four-year course;

 Must have a kill in handling and counting cash;

 Highly skilled in providing a timely, efficient, and considerate customer

service;

 Must be a Book keeper NCII holder.

Security Guard

Two (2) persons needed in this position. Security officer is a person who is paid

to protect property, assets, or people. Security guards prevent risks and deter crime,

watch out for looming danger, and report any crime they may encounter.

Qualifications:

 Must be 20-40 years old;

 Not have been convicted of a felony or violent crime;

 Be mentally, physically, and emotionally competent;

 Able to obtain a concealed weapons permit;

 63

Janitor

Janitors maintain the cleanliness of the building or office. Duties may include

tending furnace and boiler, performing routine maintenance activities, notifying

management of need for repairs

Qualifications:

 At least elementary graduate;

 Must have a basic knowledge of repair techniques;

 Able to operate janitorial equipment correctly and safely;

 Proven ability to work effectively individually and with a team.

Table 24

Manpower Compensation

Position No. Rate Total Monthly Annually

Manager 1 500.00 500.00 13,000.00 156,000.00
Receptionist 1 350.00 350.00 9,100.00 109,200.00
Travel Agent 2 475.00 950.00 24,700.00 296,400.00
Tour Guide 3 475.00 1,425.00 37,050.00 444,600.00
Photographer 3 400.00 1,200.00 31,200.00 374,400.00
Cashier
1 300.00 7,800.00 93,600.00
300.00
Driver 3 350.00 1,050.00 27,300.00 327,600.00
Security Guard 2 290.00 580.00 15,080.00 180,960.00
Janitor 1 290.00 290.00 7,540.00 90,480.00
Total - - 172,770.00 2,073,240.00
 64

Workers are important in business. Employees must be properly treated by giving

them the right incentives and insurance. The monthly salary is computed into 26 working

days because the business is open from Mondays to Saturdays only.

Table 25

Fringe Benefits

Monthly 13th ANNUAL

Position No. SSS PHILHEALTH PAGIBIG
MONTH BENEFITS
Manager 1 957.70 162.50 260.00 1,380.20 13,000 .00 29,554.00
Receptionist 1 663.00 112.50 182.00 957.50 9,100.00 20,590.00
Travel Agent 2 1,841.60 300.00 494.00 2,635.60 24,700.00 56,327.20
Tour Guide 3 2,762.40 450.00 741.00 3,953.40 37,050.00 84,490.80
Photographer 3 2,320.50 375.00 624.00 3,319.50 31,200.00 71,034.00
Cashier 1 290.70 100.00 156.00 546.70 7,800.00 14,360.40
Driver 3 1,989.00 337.50 546.00 2,872.50 27,300.00 61,770.00
Security 1,606.00
2 1,104.40 200.00 301.60 15,080.00 34,352.00
Guard
Janitor 1 552.20 100.00 150.80 803.00 7,540.00 17,176.00
Total 17 12,481.50 2,137.50 3,455.40 18,074.40 172,770.00 389,654.40
 SECTION IV
FINANCIAL STUDY
 66

Project Cost

The projected cost is based on prior sales numbers and anticipated increase in

expense.

Table 26

Bicol Spice Travel and Tours Projected Cost

A. Fixed Assets Cost in Peso

Building Improvements 749,111.00
Machinery and Equipment 3,977,446.68
Furniture and Fixtures 91,376.00 4,817,933.68

B. Working Capital
Salary Expense 172,770.00
Fringe Benefits 18,074.40
Utilities Expense 79,785.80
Office Supplies 6,360.00
Cleaning Supplies 2,908.00
Rent Expense 10,000.00
Advertising 2,500.00 292,398.20

C. Pre-operating Expense
PFs 5,500.00
License and Permits 4,254.00
Business Registration 500.00 5,120,585.00

D. Contingency Fund 511,545.84

Total Projected Cost 10,742,462.72

 67

Table 27

License and Permit

Particulars Fees
Assessor’s Land Tax Clearance 50.00
Mayor’s Permit 400.00
Business Sticker 50.00
Business Plate 250.00
Garbage Charges 400.00
Fire Clearance 50.00
Health Card 1,920.00
Health Clearance 50.00
Sanitary Permit to Operate 184.00
Fire Safety 280.00
DTI Business Name 500.00
Total 4,134.00

The following lists shown in table are given by the City Hall of Legazpi City for

Bicol Spice Travel and Tours. The table shows the total amount to be paid for licenses

and permits by the local government to operate a business.

 68

Notes to Financial Statement

Machinery
Scrap Life
and Qty Unit Cost Total Cost Depreciation
Value Span
Equipment

CCTV 3 21,300.00 63,900.00 15,975.00 10 4,792.50

Split Air
2 23,290.00 46,580.00 11,645.00 16 2,183.43
conditioner
Television 1 15,700.00 15,700.00 3,925.00 11 1,070.45
Personal
3 14,500.00 43,500.00 10,875.00 10 3,263.50
Computer
Printer 2 8,500.00 17,000.00 4,250.00 5 2,550.00
Fluorescent
5 1,315.00 6,575.00 1,643.75 5 986.25
Lamp
GoPro 2 19,950.00 39,900.00 9,975.00 10 2,992.50
DSLR 2 23,900.00 47,800.00 11,950.00 10 3,585.00
Drone
2 24,499.00 48,998.00 12,249.50 10 3,674.85
Camera
Telephone 3 2,499.00 7,497.00 1,874.25 10 562.27
Card
1 8,075.00 8,075.00 2,018.75 10 605.62
Machine
Van 3 1,200,000.00 3,600,000.00 900,000.00 15 180,000.00
Generator 1 25,621.68 25,621.68 6,405.42 10 1,921.32
Fire
1 2,500.00 2,500.00 625.00 1 1,875.00
Extinguisher
Water
1 3,800.00 3,800.00 950.00 5 570.00
Dispenser
Total - 1,395,449.68 3,977,446.68 - - 210,632.69

Furniture & Total Scrap Life

Qty Unit Cost Depreciation
Fixtures Cost Value Span
Office Table 3 5,699.00 17,097.00 3,419.40 15 911.84
Receiving
1 2,479.00 2,479.00 495.80 15 132.21
Table
Office Clerical
3 3,499.00 10,497.00 2,099.40 5 1,679.52
Chair
Chair 9 2,175.00 26,100.00 5,220.00 10 2,088.00
Storage/Filling
2 4,499.00 8,998.00 1,799.60 15 479.89
Cabinet
Lounge Bench 2 10,875.00 21,750.00 4,350.00 10 1,740.00
Mirror 1 500.00 500.00 100.00 5 80.00
 69

Paintings 3 480.00 1,440.00 288.00 20 57.60

Wall Clock 3 250.00 750.00 150.00 5 120.00
Magazine and
1 800.00 800.00 160.00 10 64.00
Brochure Stand
Flower Vase 3 280.00 840.00 168.00 5 134.40
Door Mat 1 125.00 125.00 25.00 2 50.00
Total - 31,661.00 91,376.00 - - 7,537.46

Summary of Depreciation Total Cost Depreciation

Machinery & Equipment 3,961,236.02 210,632.69

Furniture & Fixture 89,020.84 7,537.46
Total 4,050,256.86 218,170.15

Utility Resources Installation Monthly Yearly

Water LCWD 3,000.00 550.00 6,606.00
Electricity APEC 5,000.00 11,957.00 143,484.00
Internet & Bayantel
2,500.00 1,500.00 18,105.00
Phone
Total 10,500.00 79,785.80 168,195.00

Advertising Unit Cost Monthly Yearly

Flyers 1,000 pcs 500.00 500.00 6,000.00
Tarpaulins 10 700.00 700.00 8,400
Signage with
1 1,300.00 1,300.00 15,600.00
Lights
Total - 2,500.00 30,000.00

Office Supplies Quantity Unit cost Total cost

Bond Paper 5 reams 165.00 825.00
Ball pen 3 boxes 110.00 330.00
Folder 20 pcs 11.50 230.00
Fastener 20 pcs 2.50 50.00
Ink 3 set 980.00 2,940.00
Push Pins 2 boxes 10.00 20.00
Receipt Paper 40 pcs 18.00 720.00
Stapler 3 pcs 120.00 360.00
 70

Staple Wire 15 boxes 15.00 225.00

Scissors 3 pcs 20.00 60.00
Scotch Tape 10 pcs 15.00 150.00
Record Book 3 pcs 70.00 210.00
Marker 5 pcs 48.00 240.00
Total 6,360.00

Cleaning Supplies Quantity Price Total Cost

Trash Cans 4 330.00 1,320.00
Dust Pan with Broom 2 115.00 230.00
Spin Mop 1 600.00 600.00
Soft Broom 2 120.00 240.00
Duster Cleaner 2 99.00 198.00
Polish Cloth 4 35.00 140.00
Air Freshener 1 180.00 180.00
Total 2,908.00

Particulars Price
Concrete Works 163,220.00
Masonry Works 9,840.00
Doors, windows and Glass
73,950.00
Panel
Electrical Works 213,000.00
Painting Works 221,000.00

Project Cost 681,010.00

Contingency (10%) 68,101.00
Total Improvement Cost 749,111.00
 71

Financial Assumptions

1. The working capital is computed in one month.

2. Contingency fund is 5% of fixed assets, working capital and pre-operating

expense.

3. Sales revenue increase 1% annually, the same with fixed assets.

4. Sales discount increase 2% annually.

5. Rental fee increase 8% annually.

6. Office supplies, cleaning materials, advertising expense and salary expense,

utility expense, and fringe benefits increase 2%.

 72

Financial Statement
Table 28

Bicol Spice Travel and Tours

Consolidated Statement of Income

Pre Operating Year 1 Year 2 Year 3 Year 4 Year 5

Sales Revenue 51,938,880.00 52,458,268.80 52,989,851.49 53,519,680.00 54,054,876.80
Sales Return and Allowances 519,388.80 524,582.69 529,898.51 535,196.80 540,548.77
Net Sales 51,419,491.20 51,933,686.11 52,459,952.98 52,984,483.20 53,514,328.03
Less: Cost of Services
Utility 79,785.80 877,643.80 976,578.19 996,109.75 1,016,031.95 1,036,352.59
Salaries 172,770.00 1,900,470.00 2,114,704.80 2,156,998.90 2,200,138.87 2,244,141.65
Fringe Benefits 18,074.40 198,818.40 221,230.25 225,654.86 230,167.95 234,771.31
Total Cost of Services 2,976,932.20 3,312,513.24 3,378,763.50 3,446,338.77 3,515,265.55
Gross Income 48,442,559.00 48,621,172.87 49,081,189.47 49,538,144.43 49,999,062.48
Less: Operating Expenses
Depreciation 218,170.15 218,170.15 218,170.15 218,170.15 218,170.15
Office Supplies 6,360.00 69,960.00 71,359.20 72,786.38 74,242.11 75,726.95
Cleaning Materials 2,908.00 31,988.00 32,627.76 33,280.32 33,945.92 34,624.84
Advertising 2,500.00 2,625.00 2,756.25 2,894.00 3,038.75
Rental 10,000.00 10,800.00 11,664.00 12,597.12 13,604.89 14,693.28
Business Registration 7,854.00 7,854.00 7,854.00 7,854.00 7,854.00
License & Permit 4,254.00 4,254.00 4,254.00 4,254.00 4,254.00
Utilities Expense 79,785.80
Utility Installation 10,500.00
PFS 5,500.00
Total Operating Expenses 400,292.00 330,918.15 348,554.11 351,698.22 354,965.07 358,361.97
Income before Tax -400,292.00 48,111,640.85 48,272,618.76 48,729,491.25 49,183,179.35 49,640,700.51
Tax Due 32% 0.00 15,395,725.07 15,447,238.00 15,593,437.20 15,738,617.39 15,885,024.16
Net Income after Tax -400,292.00 32,715,915.78 32,825,380.76 33,136,054.05 33,444,561.96 33,755,676.34
 73

Table 29

Bicol Spice Travel and Tours

Consolidated Statement of Cash Flow

Pre Operating Year 1 Year 2 Year 3 Year 4 Year 5

Operating Activities
Cash Inflow
Net Sales 51,419,491.20 51,933,686.11 52,459,952.98 52,984,483.20 53,514,328.03
VAT Sales 6,170,338.94 6,232,042.33 6,295,194.36 6,358,137.98 6,421,719.36
Total Cash Inflows 57,589,830.14 58,165,728.45 58,755,147.33 59,342,621.18 59,936,047.40
Cash Outflow
Tax Due 21,566,064.02 21,679,280.34 21,888,631.56 22,096,755.38
Utility 79,785.80 877,643.80 976,578.19 996,109.75 1,016,031.95 1,036,352.59
Fringe Benefits 18,074.40 198,818.40 221,230.25 225,654.86 230,167.95 234,771.31
Salaries 172,770.00 1,900,470.00 2,114,704.80 2,156,998.90 2,200,138.87 2,244,141.65
Office Supplies 6,360.00 69,960.00 71,359.20 72,786.38 74,242.11 75,726.95
Cleaning Materials 2,908.00 31,988.00 32,627.76 33,280.32 33,945.92 34,624.84
Advertising 2,500.00 2,625.00 2,756.25 2,894.00 3,038.75
Rental 10,000.00 10,800.00 11,664.00 12,597.12 13,604.89 14,693.28
Business Registration 7,854.00 7,854.00 7,854.00 7,854.00 7,854.00
License & Permit 4,254.00 4,254.00 4,254.00 4,254.00 4,254.00
PFS 5,500.00
Utilities Expense 79,785.80
Utility Installation 10,500.00
Total Cash Outflow 400,292.00 3,089,680.20 25,008,961.22 25,191,571.91 25,471,765.26 25,752,212.75
Cash Flow Provided by Operating Activities -400,292.00 54,500,149.94 33,156,767.23 33,563,575.42 33,870,855.93 34,183,834.64
Investing Activities
Cash Outflow
Building Improvements 749,111.00
Machinery and Equipment 3,977,446.68
Furniture and Fixtures 7,537.46
Cash Flow Provided by Investing Activities 4,734,095.14
Financing Activities
Investment 5,500,000.00
Cash Flow Provided by Financing Activities 5,500,000.00
Net Increase (Decrease) 365,612.86 54,500,149.94 33,156,767.23 33,563,575.42 33,870,855.93 34,183,834.64
Add: Cash Beginning 0.00 365,612.86 54,865,762.80 88,022,530.03 121,586,105.45 155,456,961.38
Cash Ending 365,612.86 54,865,762.80 88,022,530.03 121,586,105.45 155,456,961.38 189,640,796.03
 74

Table 30

Bicol Spice Travel and Tours

Consolidated Statement of Finacial Position

Pre Operating Year 1 Year 2 Year 3 Year 4 Year 5

ASSETS
Current Assets:
Cash 365,612.86 54,865,762.80 88,022,530.03 121,586,105.45 155,456,961.38 189,640,796.03
Total Current Assets 365,612.86 54,865,762.80 88,022,530.03 121,586,105.45 155,456,961.38 189,640,796.03

Non-current Assets
Building Improvements 749,111.00 749,111.00 749,111.00 749,111.00 749,111.00 749,111.00
Machinery and Equipment 3,977,446.68 3,977,446.68 3,977,446.68 3,977,446.68 3,977,446.68 3,977,446.68
Furniture & Fixture 7,537.46 7,537.46 7,537.46 7,537.46 7,537.46 7,537.46
Accumulated Depreciation 0.00 -218,170.15 -436,340.30 -654,510.45 -872,680.60 -1,090,850.75
Total Non-current Assests 4,734,095.14 4,515,924.99 4,297,754.84 4,079,584.69 3,861,414.54 3,643,244.39

TOTAL ASSETS 5,099,708.00 59,381,687.79 92,320,284.87 125,665,690.14 159,318,375.92 193,284,040.42

Liabilities and Capital

Current Liablities
VAT Payable 0.00 6,170,338.94 6,232,042.33 6,295,194.36 6,358,137.98 6,421,719.36
Tax Payable 0.00 15,395,725.07 15,447,238.00 15,593,437.20 15,738,617.39 15,885,024.16
Total Current Liabilities 0.00 21,566,064.02 21,679,280.34 21,888,631.56 22,096,755.38 22,306,743.53

Capital
Investment 5,500,000.00 5,099,708.00 37,815,623.78 70,641,004.54 103,777,058.59 137,221,620.55
Net Income -400,292.00 32,715,915.78 32,825,380.76 33,136,054.05 33,444,561.96 33,755,676.34
Total Capital 5,099,708.00 37,815,623.78 70,641,004.54 103,777,058.59 137,221,620.55 170,977,296.89

TOTAL LIABILITIES AND CAPITAL 5,099,708.00 59,381,687.79 92,320,284.87 125,665,690.14 159,318,375.92 193,284,040.42
 75

Financial Analysis

Current Assets
Current Ratio =
Current Liabilities

Year 1 Year 2 Year 3 Year 4 Year 5

Current Ratio = 54,865,762.80 88,022,530.03 121,586,105.45 155,456,961.38 189,640,796.03

21,566,064.02 21,679,280.34 21,888,631.56 22,096,755.38 22,306,743.52
2.54407864 4.060214576 5.554760476 7.035284535 8.501500717
Current Ratio = 2.5 : 1 4.0 : 1 5.6 : 1 7.0 : 1 8.5 : 1

The current ratio is mainly used to give an idea of the company's ability to

payback its liabilities (debts and accounts payable) with its assets (cash, account

receivable). The higher the current ratio, the more capable the business firm is of paying

its obligations, as it has a larger proportion of asset value relative to value of its

liabilities.
Net Income
Profit Margin Ratio =
Net Sales

Year 1 Year 2 Year 3 Year 4 Year 5

Current Ratio = 32,715,915.78 32,825,380.76 33,136,054.05 33,444,561.96 33,755,676.34

51,419,491.20 51,933,686.11 52,459,952.98 52,984,483.20 53,514,328.03
0.636255144 0.632063372 0.631644753 0.631214271 0.63077829
Current Ratio = 0.06 : 1 0.06 : 1 0.06 : 1 0.06 : 1 0.06 : 1

The profit margin shows what percentage of sales are left over after all expenses
are paid by the business.
 76

Net Income
Return on Total Assets =
Total Assets

Year 1 Year 2 Year 3 Year 4 Year 5

Current Ratio = 32,715,915.78 32,825,380.76 33,136,054.05 33,444,561.96 33,755,676.34

59,381,687.79 92,320,284.87 125,665,690.14 159,318,375.92 193,284,040.42
0.550942841 0.355559786 0.263684177 0.209922815 0.174642853
Current Ratio = 6% 4% 3% 2% 2%

The return on total assets is a ratio that measures a company's earnings

before interest and taxes against its total net assets.

Investment Analysis

Net Income
Return on Investment =
Investment

Year 1 Year 2 Year 3 Year 4 Year 5

Current Ratio = 32,715,915.78 32,825,380.76 33,136,054.05 33,444,561.96 33,755,676.34

5,099,708.00 37,815,623.78 70,641,004.54 103,777,058.59 137,221,620.55

Current Ratio = 6% 9% 5% 3% 3%

The Return on Investment measures the gain or loss generated on an

investment relative to the amount of money invested.

 SECTION V
SOCIO-ECONOMIC STUDY
 78

The Government

The Bicol Spice Travel and Tours will pay all legal contribution such as tax and VAT

liabilities to the government and it will help the government to improve the tourism

industry. Tying-up with the department of tourism will create a high growth of promoting

the beauty of the region.

The Community

The Bicol Spice Travel and Tours will give the community a chance to hire employees.

Through employment, individuals can be hire and earn an income to support their

personal needs, daily needs and family needs.

The Environment

The proposed business will help the environment to promote its own beauty itself and will

give the individual some job opportunities. Also, the business will not cause any harm to

the environment but it will help to encourage tourist to discover the beauty of Bicol.
 79

BIBLIOGRAPHY

A. FEASIBILITY STUDY RESOURCES

Acosta, Shayne, et al. “Bicol Journey Travel and Tours” Feasibility Study.
(Mariners’ Polytechnic Colleges Foundation of Legazpi City (Albay) Inc.,
2017).Print.

Ante, Joan Fatima, et al. “SPLASH PARADISE Eco Adventure Land & Water Park”
Feasibility Study.
(Mariners’ Polytechnic Colleges Foundation of Legazpi City (Albay) Inc.,
2017).Print.

B. INTERNET RESOURCES

“Itineraries.” Google.com. 23 August 2018

<http://www.lakwatseradeprimera.com/ten-things-to-do-in-sorsogon/>

“Destinations” Google.com 23 August 2018

<https://wayph.com/summer-destinations-in-bicol-region/>

“Prices of furnitures and fixtures” Lazada.com.ph 23 August 2018

<https://www.lazada.com.ph/catalog/?q=Furnitures&_keyori=ss&from=input&spm
=a2o4l.home.search.go.239e6ef0q693B0>

“SSS Contribution Table” philpad.com 2 September 2018

<https://philpad.com/new-sss-contribution-table/>

“Pag-ibig Contribution Table” philpad.com 2 September 2018

< https://philpad.com/pagibig-contribution-table/>
“Philhealth Contribution” 2 September 2018
< https://philpad.com/new-philhealth-contribution-table/>

C. INTERVIEW

Ligaya G. Belen, Personal Interview. 30, July. 2018

Rosa Lourdes B. Triguero. Personal Interview. 30, July. 2018

Ruchine Nuarin Ching. Personal Interview. 1, August. 2018

Engr. Eduardo Luna. Personal Interview. 4, September. 2018

APPENDICES
 81

APPENDIX A
Letter to Conduct Survey

MARINER’S POLYTECHNIC COLLEGES FOUNDATION

OF LEGASPI CITY (ALBAY), INC.
Legazpi City, Albay
Dear Respondents:

Greeting of Peace!

The Bachelor of Science in Hospitality Management Fourth Year Students of

Mariners’ Polytechnic Colleges Foundation Rawis Legazpi City is presently conducting a
Feasibility Study entitled “Bicol Spice Travel and Tours”. In line with this subject of BHM
7 Project/Feasibility Study in Hospitality Management.

With this, may we request for your cooperation in answering the survey
questionnaires attached. We are hoping for your most favorable response with regard the
undertaking.

Thank you and God Bless!

Sincerely,

Joanna Christine C. Cantes

Leidy Alexis B. Esmillarin
Ericka Clarisse R. Gile
Noted by:
Dr. Elnora-Adupe Brocales
Research Instructor

Maria Jane E. Chan, MM

OIC, HM Department
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APPENDIX B
Sample Survey Questionnaire
SURVEY QUESTIONNAIRE
8. What transportation you usually use
when traveling?
Name:
( ) Car ( ) Van ( ) Bus
________________________________
9. Pick 2 places you want to explore
Age: ________ Status: _________
more
Profession: ______________________ ( ) Sorsogon ( ) Albay
( ) Masbate ( ) Catanduanes
School/Work Place: ( ) Cam Sur ( ) Cam Norte
________________________________
10. Would you love our agency with free
1. Do you like to travel? pictures provided? (DSLR, GoPro and
( ) Yes ( ) No Drone)
2. Have you ever gone on a trip with a ( ) Yes ( ) No
travel agency? 11. How much budget would you be
( ) Yes ( ) No willing to allocate for traveling?
3. Do you find it relaxing when you’re ( ) 5,000 – 8,000
traveling? ( ) 16,000 – 20,000
( ) Yes ( ) No
( ) 9,000 – 15,000
4. Do you like nature? (Beach, ( ) 21,000 – 25,000
Mountains, Falls, Lakes, etc)
( ) Yes ( ) No 12. What Package would you like to
avail? Choose one.
5. Where do you prefer to go?
( ) Crowded places ( ) Tour Package A – Albay – Sorsogon
( ) Reserved places – Masbate
( ) Quiet places
( ) Tour Package B – Albay –
( ) Unseen places
Camariner Sur – Camarines Norte
6. How many days will you be able to
( ) Tour Pacakge C – Albay –
spend when traveling?
Ctanduanes
( ) 1-3 days ( ) 4-5 days
( ) 1 week or more ( ) Tour Package D – Masbate Tour
7. With whom you usually travel? ( ) Tour Pacakage E – Catanduanes
( ) Family ( ) Friends Tour
( ) Workmates
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APPENDIX C
Survey Results

Statement Frequency Percentage

Profession
1. Professional 28 28%
2. Student 72 72%
Total 100 100%
I. Profile of the respondents engaged in recreational activities.
A. Age
1. 19 years old and
34 34%
below
2. 20 -29 years old 53 53%

3. 30 years old and

13 13%
above

Total 100 100%

A. Sex
1. Male 62 62%
2. Female 38 38%
Total 100 100%
B. Status
1. Single 70 70%
2. Married 30 30%
Total 100 100%
II. Response on Bicol Spice Travel and Tours

1. Do you like to travel?

Yes 96 96%
No 4 4%
Total 100 100%
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2. Have you ever gone on a trip with a travel agency?

Yes 40 40%
No 60 60%
Total 100 100%
3. Do you find it relaxing when you’re traveling?
Yes 86 86%
No 14 14%
Total 100 100%
4. Do you like nature? (Beach, Mountains, Falls, Lakes, etc)
Yes 96 96%
No 4 4%
Total 100 100%
5. Where do you prefer to go?
Crowded places 15 15%
Reserved places 30 30%
Quiet places 37 37%
Unseen places 18 18%
Total 100 100%
6. How many days will you be able to spend when traveling?
1-3 days 19 19%
4-5 days 23 23%
1 week or more 58 58%
Total 100 100%
7. With whom you usually travel?
Family 67 67%
Friends 20 20%
Workmates 13 13%
Total 100 100%
8. What transportation you usually use when traveling?
Car 47 47%
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Van 45 45%
Bus 8 8%
Total 100 100%
9. Pick 2 places you want to explore more
Sorsogon 17 17%
Albay 16 16%
Masbate 14 14%
Catanduanes 26 26%
Cam Sur 12 12%
Cam Norte 15 15%
Total 100 100%
10. Would you love our agency with free pictures provided? (DSLR, GoPro
and Drone)
Yes 97 97%
No 3 3%
11. How much budget would you be willing to allocate for traveling?

5,000 – 8,000 40 40%

16,000 – 20,000 32 32%

9,000 – 15,000 16 16%

21,000 – 25,000 12 12%

Total 100 100%
12. What Package would you like to avail? Choose one.
Tour Package A – Albay – 20 20%
Sorsogon – Masbate
Tour Package B – Albay –
Camariner Sur – 10 10%
Camarines Norte
Tour Pacakge C – Albay – 15 15%
Ctanduanes
Tour Package D – 25 25%
Masbate Tour
Tour Pacakage E – 30 30%
Catanduanes Tour
Total 100 100%
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APPENDIX D
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Government Contributions

SSS Table of Contributions

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PhilHealth Table of Contribution

Pag-ibig Table of Contribution

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APPENDIX E

Documentations
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CANTES, JOANNA CHRISTINE C.

Zone 6, Cararayan Tiwi, Albay
CP #: 0995-255-1773
E-mail: joannachristinecantes@yahoo.com

EDUCTIONAL BACKGROUND

BACHELOR OF SCIENCE IN HOSPITALITY MANAGEMENT

Mariners’ Polytechnic Colleges Foundation
Rawis, Legazpi City
2015 - PRESENT

SEMINARS ATTENDED

HOTEL FRONT OFFICE & HOUSEKEEPING OPERATION

Jaime’s Hall, MPCF Annex, Rawis, Legaspi City
October 14, 2011

HOTEL FAMILIRIZATION
Hotel St. Ellis, Rizal St. Legazpi City
October 9, 2016

PERSONALITY DEVELOPMENT
Jaime’s Hall, MPCF Annex, Rawis, Legaspi City
August 20, 2016

PERSONAL DATA

Birth Date: 06/20/1998

Age: 20
Height: 5’1/2
Weight: 48 kg
Religion: Roman Catholic
Mother’s Name: Rebecca Claveron
Occupation: Housewife
Father’s Name: Roger Cantes
Occupation: Businessman

REFERENCES
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Ms. Maria Jane Chan

Contact No: 09364718555
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