NATIONAL COLLEGE OF BUSINESS AND ARTS

TRENDY BUFFET

A Feasibility Study

Presented to the Department of Business Administration

National College of Business and Arts

Taytay, Rizal

In partial fulfillment of the requirements

for the Bachelor’s degree in Business Administration

By

Abejero, Neil John D.

Gonzales, Kaye Trina C.

Lutao, Erica B.

Merced, Vince Robin C.

Pulumbarit, Roy Benjamin B.

Tidalgo, John Andriane M.

Villanueva, Hazeleen S.

October 2016
 APPROVAL SHEET

In partial fulfillment of the requirements for the Bachelor’s degree in

Business Administration of National College of Business and Arts (NCBA), Taytay

Campus, this Feasibility Study on the business “Trendy Buffet” has been prepared

and submitted by Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao,

Vince Robin C. Merced, Roy Benjamin B. Pulumbarit, John Andriane M. Tidalgo,

and Hazeleen S. Villanueva who are, hereby, recommended for an oral

examination.

Prof. Jasmin V. Mayo, MBA

Adviser

Approved by the committee on oral examination with the grade of _______%.

Mr. Joel P. Wanagen, CPA, MBA Ms. Kathelyn D.J. Samson, MBA
Member of the panel Member of the panel

Ms. Rosadel C. Jarmin, MBA

Member of the panel

Accepted as a partial fulfillment of the requirements for the Bachelor’s

degree in Business Administration.

Date of oral examination: September 15, 2016

Dr. Avelino S. De Chavez

Dean
 ACKNOWLEDGMENT

First and foremost, the proponents would like to glorify the Lord God

Almighty for His guidance and for the strength, knowledge, wisdom and patience

He had given all throughout the duration of this study. The glory, honor and praise

be to His name alone.

Acknowledgment is deserved for the energy, patience, time, knowledge,

diligence and support of their respected professor and adviser of this study, Mrs.

Jasmin Mayo, has shared in the process of making this feasibility study. The

proponents are sincerely grateful for pushing us to finish this work well. Thank you

for never giving up on us.

To the critic of this study, Ms. Charmaine Gaye Lopez, who have helped the

proponents finish this study correctly and diligently, and had share her knowledge,

experiences and ideas to further improve it, thank you very much.

The proponents would also like to express their gratitude to their families,

most specifically to their parents, who have supported them physically, financially,

and emotionally. Their support, trust, wisdom, and guidance has given them the

strength and inspiration to further finish this business plan.

The proponents would also like to thank all the respondents who have took

time and cooperated in answering the survey questionnaire to finish this study.
 To all their friends, classmates, schoolmates, and other professors who

have cheered them up and supported them in the process, and to these special

people who have continually inspired them, thank you.

TABLE OF CONTENTS

Content Page #

I. Title page i

II. Approval Sheet ii

III. Acknowledgment iii

IV. Table of contents iv

V. List of figures ix

VI. List of tables xi

VII. Executive Summary 1

Business Description 1

Market Feasibility 1

Technical Feasibility 1

Organizational and Managerial Feasibility 2

Financial Feasibility 2

Socio-economic Feasibility 3

Project Implementation Table 3

VIII. Part 1: Business Description 4

Project Proponents 4

Proposed Name 5
Content Page #

Mission 5

Vision 5

Logo 6

Type of Business Organization 6

Proposed Project Location 7

History 9

IX. Part 2: Market Feasibility 10

Market Description 10

Primary Target Market 11

Factors that Affect Demand 11

Marketing Program 12

Marketing Strategy 14

Survey Questionnaire 16

Demand Structure 19

X. Part 3: Technical Feasibility 30

Operational Activity 30

Waste Management Disposal 31

Physical Facilities 31

Floor Plan 32

Store Process 33

Safety Control Measures 35

Materials - Administrative 35
Content Page #

Equipment and Tools 39

Uniforms and I.D. 43

XI. Part 4: Organizational and Managerial Feasibility 44

Organizational Structure 44

Form of Organizational Business 45

Articles of Partnership 46

Policies and Guidelines 50

Conditions of Employment 54

Payments of Employees 64

Duties and Responsibilities 67

Work Schedule 71

XII. Part 5: Financial Feasibility 73

Statement of Assumption 73

Statement of Financial Position 77

Income Statement 78

Statement of Changes in Partner’s Equity 79

Statement of Cash Flow 81

Note 1: Cash and Cash Equivalent 82

Note 2: Projected Service Income 82

Note 3: Projected Cost of Service 82

Note 4: Salaries 83

Note 5: Employee’s Uniform and ID’s 83

Content Page #

Note 6: Supplies - Administrative 84

Note 7: Rent 84

Note 8: Leasehold Improvement 84

Note 9: Utilities Expense 85

Note 10: Advertising Expense 85

Note 11: Miscellaneous Expense 85

Note 12: Property, Plant and Equipment 86

Note 13: Permits and Licenses 88

Note 14: Janitorial and Maintenance Expense 89

Note 15: Safety Tools Expense 89

Note 16: Benefits 90

Financial Ratio 93

XIII. Part 6: Socio-Economic Feasibility 94

The Employees 94

The Local People 95

The Municipality 95

The Environment 95

The Country As A Whole 96

SWOT Analysis 97

XIV. Part 7: Project Implementation Table 98

Part 1: Business Description 99

Part 2: Market Feasibility 100

Content Page #

Part 3: Technical Feasibility 101

Part 4: Organizational and Managerial Feasibility 102

Part 5: Financial Feasibility 103

Part 6: Socio-economic Feasibility 105

Part 7: Project Implementation Table 106

XV. Appendices

Appendix A: Curriculum Vitae of the Proponents 107

Appendix B: Curriculum Vitae of the Critic 115

Appendix C: Business Permits 118

Appendix D: Business Forms 125

Appendix E: Tally Sheet 148

Appendix F: Demand Analysis 150

 LIST OF FIGURES

Page #

Figure 1.1 Trendy Buffet logo 6

Figure 1.2 Fibertex building where the business will be located 8

Figure 1.3 The map of the business location and other 8

establishment around the area

Figure 2.1 Demographic profile of respondents according to 19

gender

Figure 2.2 Demographic profile of respondents according to civil 19

status

Figure 2.3 Demographic profile of respondents according to 20

working status

Figure 2.4 Demographic profile of respondents according to age 21

Figure 2.5 Respondents’ type of business they had 21

Figure 2.6 The reasons why respondents engaged on this type of 22

business

Figure 2.7 The respondents’ monthly income in their business 22

Figure 2.8 The respondents’ preference to rent a space for 23

business

Figure 2.9 The respondents’ preference to rent a space for 24

business
 Page #

Figure 2.10 The respondents’ preference to rent a space for 24

business

Figure 2.11 The respondents’ response if Cainta is the best/most 25

strategic place for their business

Figure 2.12 The factor that the respondents consider for current 26

business location

Figure 2.13 The places where respondents want to rent 26

Figure 2.14 The respondents preferred operation hours of the 27

store

Figure 2.15 The respondents who prefer to avail outsource 28

manpower

Figure 2.16 The respondents’ preferred number of workers in a 28

business

Figure 2.17 The respondents’ preferred monthly salary bracket for 29

the workers

Figure 3.1 The floorplan of the store 32

Figure 3.2 The 3D interior plan of the store 32

Figure 3.3 The store process of the business 34

Figure 3.4 The uniform of the employees 43

Figure 3.5 The layout of the Employee Identification (I.D.) cards 43

Figure 4.1 The organizational chart of Trendy Buffet 45

 LIST OF TABLES

Page #

Table 3.1 The materials used for administrative purposes 35

Table 3.2 The equipment and tools 39

Table 4.1 Compensation rates given to the general manager 64

Table 4.2 Hourly overtime rates given to the general manager 64

Table 4.3 Compensation rates given to the service crew 65

Table 4.4 Hourly overtime rates given to the service crew 66

Table 4.5 Compensation rates given to the accountant 66

Table 4.6 Schedule of general manager and service crews 72

Table 5.1 Estimated rent expense for 5 years 75

Table 5.2 Statement of Financial Position for years 2017-2021 77

Table 5.3 Income Statement for years 2017-2021 78

Table 5.4 Statement of Changes in Partners’ Equity for Years 2017- 79

2019

Table 5.5 Statement of Changes in Partners’ Equity for Years 2020- 80

2021

Table 5.6 Statement of Cash Flow 81

Table 5.7 Note 1 82

Table 5.8 Note 2 82

Table 5.9 Note 3 82

Table 5.10 Average yearly cost per lessee 83

 Page #

Table 5.11 Note 4 83

Table 5.12 Note 5 83

Table 5.13 Note 6 84

Table 5.14 Note 7 84

Table 5.15 Note 8 84

Table 5.16 Note 9 85

Table 5.17 Note 10 85

Table 5.18 Note 11 85

Table 5.19 Schedule of PPE Purchases 86

Table 5.20 Accumulated depreciation schedule 87

Table 5.21 Furniture and Fixtures schedule 87

Table 5.22 Machineries and Equipment 88

Table 5.23 Note 13 88

Table 5.24 Permits and licenses expense 89

Table 5.25 Note 14 89

Table 5.26 Note 15 89

Table 5.27 Benefits for the Year 2017 90

Table 5.28 Benefits for the Year 2018 90

Table 5.29 Benefits for the Year 2019 91

Table 5.30 Benefits for the Year 2020 91

Table 5.31 Benefits for the Year 2021 92

Table 5.32 Financial ratios 93

 Page #

Table 6.1 SWOT Analysis 97

Table 7.1 Gantt chart of Part 1 99

Table 7.2 Gantt chart of Part 2 100

Table 7.3 Gantt chart of Part 3 101

Table 7.4 Gantt chart of Part 4 102

Table 7.5 Gantt chart of Part 5 104

Table 7.6 Gantt chart of Part 6 105

Table 7.7 Gantt chart of Part 7 106

 Executive Summary

Business Description

This part tackles about the product to be offered by the proponents of the

business. Trendy Buffet is a shop that provides distinct consignment and rental

services for the online sellers of clothing lines, bags, shoes and other products that

can be sold in-house. Also, this chapter includes the history of the business, its

mission and vision, the proponents of the business, location, type of business

organization and the logo of the business.

Market Feasibility

This part discusses market feasibility. It involves economic analysis, the

demographics of the business, and the demand and supply that may impact the

business. It also tells the primary target market, marketing strategies and

programs, as well as the other factors that may affect the demand. All this

information will help to continually sustain the growth of the business.

Technical Feasibility

This chapter discusses the operational flow of the business and the various

factors that may affect its operation, as enumerated below:

  Operational Activity discusses about the operation hours of the business.

 Waste Disposal System tells about how the waste will be disposed and the

plan used to do so.

 Physical Facilities involves the facilities that the business has to offer.

 Store Process discusses the flowchart of the operation of the business.

 Materials/Equipment lists the materials used for the business to operate.

 Uniforms/Identification Card illustrates the design of the uniform and the

identification id of each employee of the business.

Organizational structure

This chapter is about the organizational structure of the business and its

managerial activities. Organizational structure shows the proponents of the

business. It also contains the organizational chart that signifies the flow of

command, and the articles of partnership that tells what the rights of the owners.

The duties and responsibilities of employees are also defined in this chapter.

Financial Feasibility

This chapter contains financial projections of the proposed business. These

financial projections will help the management to easily understand and quantify

the potential financial capability of the business. The proponents of the business

have a total capital of Php280,000 in cash. Statement of assumptions, projected

financial statements, and other related financial data are being demonstrated in

this part.

Socio-Economic Feasibility

This chapter discusses the socio economic aspect of the business. This

include the duties and responsibilities of the employees, the impact, contributions

and benefits of the business to the local people, municipality, environment,

community and country’s economy as a whole.

Project Implementation Table

The last part of the feasibility study is the project implementation table. This

includes the Gantt chart table that demonstrates the timetable of the activities of

the project, and the references of the members.

 Part 1

Business Description

Online shopping is a practice where the client directly buys goods or

services from a seller in a real time or without an intermediary service over the

internet. Trendy buffet will therefore serve as a liaison shop that will offer rental

and marketing services to online businesses as it will provide them not just a

physical place but will also market their product to the public. The concept of the

business is to create a place where both big and small online shops are gathered

together to also sell their products physically. Trendy buffet will tender services to

the clients that will satisfy them by simply offering them a good working

relationship, and to the customer through friendly assistance as the business has

well-trained sales personnel to help them.

This chapter discusses the description of the business including the project

proponents, proposed name of the business, mission, vision, logo description, type

of business organization, project location and history.

Project Proponent

The proponents of this project are the Human Resource Development

Management major students of National College of Business and Arts, Taytay,

Rizal, namely, Neil John D. Abejero, Kaye Trina C. Gonzales, Erica B. Lutao, Vince

Robin C. Merced, Roy Benjamin B. Pulumbarit, John Adriane M. Tidalgo, and

Hazeleen S. Villanueva, currently taking Feasibility Study as part of their

curriculum.

Proposed Name

The name of the proposed business is “Trendy Buffet”, that consists of two

words "Trendy" and “Buffet”. “Trendy” means modern, very fashionable, or up-to-

date as the business will offer up-to-date products that trends in the internet;

"Buffet" is a room or counter in a public place where various types of food and

drinks are laid out from which guests or customers serve themselves, just like how

the business serves various sorts of products from food to clothes. Trendy Buffet’s

uniqueness is shown by serving various trendy products from the internet like food,

clothes, shoes and different types of items all served in one place.

Mission

Trendy Buffet’s mission is to set the standard in managing commercial

spaces to have the best quality, and most comfortable and affordable rental

services, and to ensure the success of the client.

Vision

To strengthen the sales of the leading online shopping stores while

providing quality, innovative, and socially responsible services in the region.

Logo Description

Figure 1.1 The Trendy Buffet logo

The business has chosen this logo for it is simple and attractive. The logo

includes a shirt and a shoe for the business offers different types of product

depending on the online shops. The box signifies a particular space given to each

online shop. The black and white color design signifies that the business is formal,

elegant, and prestigious, which is consistent with the business’ mission in providing

quality, comfortable, and affordable services.

Type of Business Organization

Trendy Buffet is categorized as a general partnership. A general partnership

is a type of business organization composed of two or more persons engaged in a

business for profit. All partners of Trendy Buffet enter into partnership through a
written agreement that covers all terms of the parties’ business relationship. The

partners under this business are the following:

 Abejero, Neil john D.

 Gonzales, Kaye Trina C.

 Lutao, Erica B.

 Merced, Vince Robin C.

 Pulumbarit, Roy Benjamin B.

 Tidalgo, John Adriane M.

 Villanueva, Hazeleen S.

Under this partnership, the partners have agreed that profit and loss of the

business will be equally divided among them.

Proposed Project Location

The partners will secure a commercial building space at the Fibertex

building located at Km. 19 Ortigas Avenue Extension, corner Eagle Street,

Barangay San Juan, Cainta, Rizal, a walking distance away from villages and

subdivisions, residential condominiums, educational institutions, and other

commercial establishments. The primary target markets of the business are the

young professionals, students, and the residents that are near in the location.

The commercial space is available for a one-year lease contract with an

option for extension and has a monthly rental fee of Php25,000, excluding

expenses for utilities. At the beginning of the operation, 3 months of advance rental
worth Php75,000 will be paid. The annual rental fee amounts to Php300,000. For

convenience purposes, an open parking space in front of the commercial building

and at the back that is available for workers and patrons. It can be easily accessed

through the Ortigas Avenue Extension, the Eagle Street in Don Mariano

Subdivision, and the Hunter ROTC Guerilla Street.

Figure 1.2 The Fibertex building where the business will

be located

Figure 1.3 The map of the business location and other

establishments around the area
History

In 2016, a group of students of National College of Business and Arts in

Taytay, Rizal started a Feasibility Study that led in creating a retail shop. These

students got together and envisioned of a shop where people could physically buy

products that are also sold in the internet. This plan was developed into a concept

and soon, the concept became a reality. The owners decided to start a business

called “Trendy Buffet”.

Proponents decided to establish the business in a commercial property in

Cainta, Rizal that is located in a commercial and residential area and in a corner

of a major road connecting a subdivision and within a walking distance from a

tertiary school and other commercial establishments. The business is intended to

be involved and connected towards its customers, its employees, the local

producers, the community, the environment, and its stakeholders.

 Part 2

Market Feasibility

Marketing feasibility discusses the description of the industry, current

market, anticipated future market potential, competition, sales projections and

potential buyers. These are important to the progress of the business as these

serve as business development factors.

This chapter also includes the description of the market, factors affecting

demand, market program, market strategy, survey form, and the target market of

the business.

Market Description

Trendy Buffet offers rental services to online businesses by providing good

quality marketing programs and customer service in the store. The business

belongs with malls, bazaars, flea markets (tianggê) and other establishments that

offers consignment and rental services.

The location brings in walk-in customers from the schools and businesses

around the area, and the online services brings in clients ordering in the internet

that will be picked up in the store. Trendy Buffet also gives convenience and

comfort to its customers by having a convenient store layout, a refreshing

environment, and a clean place to shop. The shop also provides cheaper rental
rates, wherein marketing and customer services are also included, than flea

markets and malls near the location.

Primary Target Market

The business primarily targets online business owners who are looking for

a space where they can place their products and make it more visible in the market

and to the consumers. Trendy Buffet targets online sellers aged 18-40 years’ old.

Young entrepreneurs and small and medium business owners who are selling

customized items, fashionable items and gadgets, and sells them in the internet or

in the market are one of the target markets of the business.

Trendy Buffet is also a one-stop shopping store for trendy products found

online, from fashion items, gadgets, to food for all ages. The young ones and elders

can drop by and purchase the best and finest products from the shop. Teenagers

and young professionals who love accessories, fashionable items and gadgets,

professionals with a stable income aged 30-40 years’ old who love to buy quality

trendy stuff, students from a school campus near the vicinity of the business, and

the residents near the location are among the customers the business targets.

Factors That May Affect the Demand

The domestic economy is one of the biggest external factors that may affect

the demands of the business. When the economy of the country is in the good
condition, the flow of demand is stable. Also, the bank transaction and activity of

the people like interest rates, the availability of the credit, and consumer spending

are external factors that can rarely be controlled.

Trend also comes as a big factor as every now and then. The likings and

tastes of the consumers constantly change and the product may eventually get

outdated. This may have a consequent effect to demand.

Socio-economic, on the other hand, is a part where the population, income

and wealth of the consumers can contribute to the demand. The bigger the

population, the bigger the chance for demands to increase. The same case

happens when the income of the consumers arises. When income rises, the

demand for the product will increase; when income falls, the demand for the

product will decrease. Other issue includes consumers’ diversity. It may affect the

business negatively or positively depending on the ability to meet the needs of

changing demographics.

Location of the store is also considered. Businesses relay their success to

the area, its visibility to the public, and its good surrounding. These have high

impact on stretching sales and profit of the business.

Marketing Program

The following promotional tactics for generating buzz and awareness about

Trendy Buffet will be implemented:

 Personal selling and word of mouth via networks of friends, stylists and

customers. The business will be promoted through the attitude, appearance

and knowledge of the sales representative. This aims to inform and

encourage the clients to participate in the business.

 Sales representation services. The sales representative will be responsible

for managing lead flow as well as answering sales inquiries in the rental

services with online businesses. This person will also initiate online and

phone communications with prospective sales, leading them to know what

to expect next, and answer the frequently asked questions.

 Unique visual displays in storefront on a weekly basis by being creative with

window and in-store displays, changing them frequently, and simply moving

merchandise to different parts of the store that will attract and expose clients

to unnoticed products on their last visit.

 E-mail newsletters. The newsletters that are sent through e-mail keeps the

clients on top of the news and provides people trends in the business by

giving them quick and easy-to-read information on a monthly basis.

Likewise, clients can opt-out to the newsletter to ensure that the Business

consistently delivers updates to an audience who is actively seeking and is

willing to receive the newsletter. The entry forms for raffles will be used to

collect the clients' e-mail addresses.

 Discount vouchers and bi-annual raffle. Clients may receive coupons that

will enable them to buy a certain product on their next visit at a reduced

price. The business will also conduct raffle promotions twice every year
 within the store and in the business’ Facebook page, where lucky clients

can win a special prize.

 ‘Trendy Buffet’ Facebook page. Facebook allows you to create custom

pages, have conversations with the clients, and easily post photos and

videos. It is also very user-friendly, and reaches a wide variety of audiences.

By using a Facebook page, the business can reach out to Facebook users

in the targeted audience for free.

Other important marketing strategies to develop strong customer

relationships (retention) will utilize a different mix of marketing programs.

Marketing Strategy

Trendy Buffet will offer fashionable, customer-oriented, innovative,

refreshing and stylish products. The following marketing strategies will be

employed:

 Product assortment. Beginning with one or limited product lines and

gradually broadening product assortment will lead to enabling to sell more

products to clients who come to the store. This will also help reduce price

sensitivity of clients. Product segments are limited to three (3) product lines

to keep the competitiveness of each product line placed inside the store.
 Store location. Aside from the proximity to the clients, the location of the

store will likely be visited by the target clients in pursuance of their lifestyle,

as they are combining purchases of goods and pursuance of entertainment.

 Price. Items will have predictable low prices rather than occasional price

discounts, and will be priced competitively to generate more demand for

other items and often be the loss leader. Clients will be attracted to the low

prices that may end them up buying much more items.

 Promotion: The promotions will be carried out at the local level that will

provide specific information about the store, such as the location,

merchandise, hours, prices, and special sales through personal selling,

visual displays, newsletters, raffles, and social media sites, and will adapt

cooperative advertising where online businesses develop advertising

campaign, whether in print or online, and feature the name of the business

carrying the product at the end.

 Online orders: Online ordering expands the market, providing customers an

option on where to order. An online ordering interface is implemented at the

forefront of the web presence that allows people to order as soon as they’re

introduced to the product. The ordered product will be picked up and paid

at the shop after two (2) to three (3) days, based on the demand and supply

of the product.
Survey Questionnaire

Trendy buffet is a business that offer a commercial space where you can

find any local online shop in one place that allow consumer to see and evaluate

the product by itself. The purpose of this is to gather data that we can use as our

evidence in our feasibility. Your participation in this survey is completely, voluntary

and all answer gathered here will treated with outmost confidentially. God bless!

Instruction: To answer each question, please put a check on the space provided.

Name: (optional) _______________________ Age: ______ Gender: _________

Civil Status: __ Single __ Married

Status: __ Student __ Unemployed __ Self-employed __ Employed

1. What type of business you have?

a. Online shop c. Gadget/ accessories

b. Clothing business d. Others: _______________

2. What are reasons why did you engaged on this type of business?

a. Family business c. To earn extra income

b. Interest/ passion d. Main source of income

3. How much is your monthly income in your business?

a. 20,000-30,000 c. 40,000-50,000

b. 30,000- 40,000 d. 50,000 and above

4. Are you willing to rent a space for your business?

 a. Very much c. Not so much

b. Fairley eager d. Not at all

5. How much are your willing to pay for rental fee?

a. Php5,000-7,000 c. Php8,000- 9,000

b. Php7,000-8,000 d. Php9,000 and above

6. How long to you prefer to engage in a rental contract?

a. 1 year c. 3 years

b. 2 years d. others

7. Do you think your current place is the best/ strategic place for your

business?

a. Yes c. Somehow, why: ________

b. No d. Maybe, why: __________

8. What are the factor that you consider for current business location?

a. Accessibility and parking c. Proximity

b. Affordability d. Store design

9. Given opportunity where do you want to rent?

a. Tiangge c. Commercial place

b. Public market d. Other: ________________

10. What is your preferred store operation hours?

a. 7:00 AM to 4:00 PM c. 9:00 AM to 6:00 PM

b. 8:00 AM to 5:00 PM d. Others (Please Specify):

11. Would you like to avail outsource manpower?

a. Yes b. No
 c. Somehow, why: ________ d. Maybe, why: ___________

12. How many workers do you need?

a. 1 to 2 c. 3 to 4

b. 2 to 3 d. 4 and above

13. How much is the monthly salary bracket for the workers?

a. Php3,000-5,000 c. Php8,000-10,000

b. Php6,000-8,000 d. Php10,000 and above

Demand Structure

Demographic profile of respondents according to gender

32%
MALE
FEMALE
68%

Figure 2.1 Demographic profile of respondents according to gender

The pie chart shows that 68 out of 100 respondents or 68% are female while

the remaining 32% are male. It reveals that women are the most people involved

in business.

Demographic profile of respondents according to civil status

5%

Single
Married

95%

Figure 2.2 Demographic profile of respondents according to civil status

 This pie chart shows that out of 100 respondents, 95% are single while the

remaining 5% are single. According to the civil status, the respondents are mostly

single people who have business.

Demographic profile of respondents according to working status

16%
28%
Students
12% Unemployed
Self Employed
Employed

44%

Figure 2.3 Demographic profile of respondents according to working status

The pie chart shows that 44 out of 100 respondents or 44% are self-

employed, while the 28% are employed, the 16% are students, and the 12% are

unemployed. This presents that those who are self-employed are capable to get in

involved in business.
Demographic profile of respondents according to age

1%
16%
15-25 yrs old
44% 26-35 yrs old
36-45 yrs old
46-50 yrs old
39%

Figure 2.4 Demographic profile of respondents according to age

The pie chart shows that 44 out of 100 or 44% of respondents are from 15

to 25 years of age, while the 39% is from 26-35 years old, the 16% is from 36-45

years old, and the remaining 1% is from the ages 46-50 years old. This presents

that most people involved in business is younger than expected.

Respondents’ type of business they had

11%
23%
Online shop
Clothing

12% Gadget / Accessories

Others
54%

Figure 2.5 Respondents’ type of business they had

The pie chart shows that 54 out of 100 or 54% of respondents are involved

in clothing business, while the 23% responded in other type of business, the 12%

is involved in gadgets or accessories’ business, and the remaining 11% of

respondents are in online shop business. It reveals that most of respondents are

instill in a common type of business, which is the clothing business.

The reasons why respondents engaged on this type of business

15%
Family business
39% Interest / Passion

29% Earn extra income

Main source of
17% income

Figure 2.6 The reasons why respondents engaged on this type of business

The pie chart shows that 39 out of 100 or 39% respondents tend to have a

family business, while the 29% are engaged in business to earn an extra income,

the 17% of respondents get involved in business for interest or passion, and the

other 17% chose to have a business as the main source of income. This presents

that most businesses are built by their family.

The respondents’ monthly income in their business

3% 4%

16% 20,000-30,000
30,000-40,000
40,000-50,000
50,000 and above
77%

Figure 2.7 The respondents’ monthly income in their business

 The pie chart shows that 77 out of 100 or 77% of respondents’ monthly

income from their business is Php20,000 to Php30,000, while the 16% of

respondents earns Php30,000 to Php40,000, the 4% earns Php50,000 and above,

and the remaining 3%’s monthly income is from Php40,000- Php50,000. It reveals

that businesses earns mostly in the Php20,000 to Php30,000 bracket.

The respondents’ preference to rent a space for business

9%

17% Very much

Fairly eager
51%
Not so much
Not at all
23%

Figure 2.8 The respondents’ preference to rent a space for business

The pie chart shows that 51 out of 100 respondents or 51% responded

“Very Much” in preferring to rent a space for business, while the 23% of

respondents answered “Fairley Eager”, the 17% chose “Not so much”, and the

remaining 9% selected “Not at all”. This reveals that the respondents are very

much preferred to rent a space for their business.

The respondents’ preferred amount for the rental fee

4% 1%
17%
Php5,000-7,000
Php7,000-8,000
Php8,000-9,000
Php9,000 and above
78%

Figure 2.9 The respondents’ preferred amount for the rental fee

The pie chart shows that the 78 out of 100 or 78% of respondents preferred

to pay Php5,000 up to Php7,000 for the rental fee for the space in their business,

while the 17% answered Php7,000 up to Php8,000, the 4% responded for

Php8,000 up to Php9,000, and the 1% of respondents selected Php9,000 and

above. It presents that they could only afford a rental fee amounting between

Php5,000 and Php7,000.

The respondents’ preferred longevity of a rental contract

19%
32% 1 year
2 years
3 years
Others
32%
17%

Figure 2.10 The respondents’ preferred longevity of a rental contract

 The pie chart shows that 32 out of 100 or 32% of respondents preferred to

get engaged in rental contract between/from 1 to 3 years, the 19% is undecided

since they answered others, while the 17% wanted to get engaged in a rental

contract up to 2 years. This presents that a rental contract for 1 or 3 years is what

they prefer.

The respondents’ response if Cainta is the best/most strategic place for their

business

3% 2%
23% Yes
No
Somehow
Maybe
72%

Figure 2.11 The respondents’ response if Cainta is the best/most strategic

place for their business

The pie chart shows that 72 out of 100 or 72% of respondents believed that

the current place they occupied is the best or the strategic place for their business,

however, the 23% answered “No”, while the 3% answered “Somehow”, and the

2% answered “Maybe”. It reveals that most businesses believe that Cainta is the

most strategic place to build a business.

The factor that the respondents consider for current business location

21% 25%
Accessibility
Affordability
7%
Proximity
Store Design

47%

Figure 2.12 The factor that the respondents consider for current business
location

The pie chart shows that 47 out of 100 respondents or 47% rely on the

Affordability as a factor to be considered in choosing their current business

location, while the Accessibility got 25%, the Store Design for 21%, and the

remaining 7% is the Proximity. This reveals that the affordability of the location is

their priority in considering a location for their business.

The places where respondents want to rent

1%
23%
Tiangge
Public Market
8% Commercial space
68% Others

Figure 2.13 The places where respondents want to rent

 The pie chart shows that 68 out of 100 or 68% of respondents preferred to

rent a place for their business in Tiangge, while the 23% responded to rent in a

Commercial space, the 8% in Public markets, and the 1% answered others. It

reveals that most businesses prefer renting a space in a flea market or tiangge.

The respondents preferred operation hours of the store

9%
7%
7AM-4PM
42% 8AM-5PM
9AM-6PM
Others
42%

Figure 2.14 The respondents preferred operation hours of the store

The pie chart shows that in between 7:00 a.m. to 4:00 p.m. or 8:00 a.m. to

5:00 p.m. is the most appropriate operation hours of their business which both got

42% answered by the respondents, while the 9% of respondents answered in no

particular time, and the remaining 7% chose to operate from 9:00 a.m. to 6:00 p.m.

This presents that they prefer businesses that operates early morning (7AM) until

late afternoon (5PM).

The respondents who prefer to avail outsourced manpower

1% 1%
29% Yes
No
Somehow

69% Maybe

Figure 2.15 The respondents who prefer to avail outsource manpower

The pie chart shows that 69 out of 100 or 69% of the respondents avail an

outsource manpower, while the 29% of respondents answered “No,” and both

“Somehow” and “Maybe” got only 1%. It presents that mostly preferred manpower

that are outsourced or are employed by an agency.

The respondents’ preferred number of workers in a business

4%
7%
1 to 2
2 to 3
26%
3 to 4
63% 4 and above

Figure 2.16 The respondents’ preferred number of workers in a business

The pie chart shows that 63 out of 100 or 63% of respondents prefer to have

one (1) to two (2) workers to help in operating their business, while the 26% chose

to have two (2) to three (3) helpers, the 7% answered to be assisted by three (3)
to four (4) workers, and the remaining 4% wanted to have more than four (4)

helpers. It reveals that a business that is operated by one to two people is what

they prefer.

The respondents’ preferred monthly salary bracket for the workers

4% 1%
17%
P3,000-5,000
P6,000-8,000
P8,000-10,000
P10,000 and above
78%

Figure 2.17 The respondents’ preferred monthly salary bracket for the
workers

The pie chart shows that 78 out of 100 or 78% of respondents answered

that the basic monthly salary of their workers are in range of Php3,000 up to

Php5,000, while the 17% chose Php6,000 to Php8,000, the 4% answered

Php8,000 to Php10,000, and the remaining 1% preferred more than Php10,000.

This presents that they wanted workers having a salary in between Php3,000 and

Php5,000.
 Part 3

Technical Feasibility

The technical aspect of Trendy Buffet states the operational flow of the

project, and the analysis of various factors that affect its technical and operational

activities.

This includes the equipment, materials, structure plan, and also the source

of the supplies used in the business project. Others include the business plans,

utilities, facilities, layout design, and other operational activities.

The factors explain how strategic plan will be put into business. Technical

or operation planning solves business problems with creative solutions that will

maximize the value of resources. This contains how the activity of the business will

be used, the desire outcomes, and the process for maintaining progress of the

business. It also provides business analysis, management services, and

strategies.

Operational Activity

The office hours of Trendy Buffet will be from 9:00 am until 9:00 pm from

Mondays to Saturdays. Employees are also given 1-hour lunch break and a 15-

minute coffee break in the morning and in the afternoon.

Waste Disposal System

Proper waste disposal in accordance with established environmental

procedures is necessary for the business. A well-managed system must be in

place for collection, transport, treatment and disposal of waste including monitoring

and regulation.

There will be two (2) garbage bins placed inside the store, separately

labeled as non-recyclable and recyclable. Garbage will be properly stored at a

closed waste facility in the commercial establishment after store hours until it is

collected. Solid residual wastes will be collected by the garbage collector thrice a

week, which will be sent to the waste management facility in Rodriguez, Rizal;

recyclable wastes will be sent to junk shops or material processing facilities in

Pasig City.

Physical Facilities

Our parking space will be available for 2 vehicles only. The building has 2

comfort rooms for personal use of customers and employees. It also has a fitting

room for customers, cashier area for the payment of the customer and

administrative papers, locker rooms for personal things of the employees, storage

room for stocks of the product and fire exit in case of emergency.

There will be an inspection by the Guard on duty of all employees and

shoppers as they enter and go out of the store premises. Sales Attendants
assigned to their respective area, are required to always smile and wear their

uniforms and be approachable at all times. The business has a food stand (buffet

style) for dine-in shoppers. In case of emergency it also has a back door fire exit.

Floor Plan

Figure 3.1 The floorplan of the store

Figure 3.2 The 3D interior plan of the store

Store Process

The store process starts with welcoming and greeting of the customers.

After that, they need to assist the customers and ask what they are looking for,

accompany them on the location of the products and let the customers decide if

they will purchase the product or not. After payment, a receipt should be given and

the product is placed in a paper bag. Staffs are also to thank the customer for

shopping and smile.

Figure 3.3 The store process of the business
Safety Control Measure

A guard on-duty is assigned by the building management to all its tenants.

A closed-circuit television (CCTV) camera will be placed inside the store to monitor

all the employees and the shoppers as they come in and go out of the store

premises. In case of emergency, the front door of the store will serve as an exit,

and the stairs will be used to get out of the building.

Materials- Administrative

Table 3.1 The materials used for administrative purposes

MATERIALS QTY. UNIT UNIT PRICE

1 Box ₱ 63.00

Ball Pen

2 Pieces ₱ 88.00

Record Book

1 Set ₱ 100.00

Time Card
 MATERIALS QTY. UNIT UNIT PRICE

1 Box ₱ 150.00

Liquid Eraser

1 Box ₱ 122.00

Clear Tape

1 Box ₱ 35.00

Staple Wire

1 Piece ₱ 99.00

Tape Dispenser

4 Pieces ₱ 7,600.00

Bench
 MATERIALS QTY. UNIT UNIT PRICE

1 Piece ₱ 1,499.00

Office Chair

1 Piece ₱ 2,499.00

Office Table

1 Set ₱ 10,000.00

Desktop Computer

1 Piece ₱ 4,290.00

Filing Cabinet

1 Piece ₱ 1,500.00

Bundy Clock
 MATERIALS QTY. UNIT UNIT PRICE

1 Piece ₱ 1,200.00

Wireless Router

1 Piece ₱ 145.00

Calculator

1 Piece ₱ 79.00

Stapler

1 Piece ₱ 49.00

Staple Remover

1 Piece ₱ 50.00

Scissors
 MATERIALS QTY. UNIT UNIT PRICE

1 Piece ₱ 3,000.00

Credit Card Machine

1 Piece ₱ 750.00

Telephone

1 Piece ₱ 15,000.00

Cash Register

Equipment and Tools

Table 3.2 The equipment and tools

MATERIALS QTY. UNIT UNIT PRICE

2 Pieces ₱ 12,000.00

Glass Cabinet
 MATERIALS QTY. UNIT UNIT PRICE

4 Pieces ₱ 17,998.00

Shoe Cabinet

5 Pieces ₱ 3,750.00

Earrings Holder

5 Sets ₱ 4,750.00

Accessory Holder

1 Piece ₱ 180.00

WALL CLOCK

1 Piece ₱ 150.00

Broom and Dust Pan

 MATERIALS QTY. UNIT UNIT PRICE

1 Piece ₱ 190.00

Mop and Pail

1 Piece ₱ 100.00

Feather Duster

2 Piece ₱ 1300.00

Trash Can

1 Piece ₱ 75.00

Exit Sign

1 Set ₱ 9,999.00

CCTV CAMERA
 MATERIALS QTY. UNIT UNIT PRICE

1 Set ₱ 29,999.00

Split-Type Air Conditioner

12 Sets ₱ 4,200.00

Clothes Hanger

12 Piece ₱ 7,500.00

Clothes Rack

2 Sets ₱ 3,999.00

Fitting Room

1 Piece ₱ 1,999.00

Fire Extinguisher
 MATERIALS QTY. UNIT UNIT PRICE

1 Piece ₱ 900.00

Emergency Light

UNIFORMS / ID

The business will provide the uniforms of the employees. This include a

white polo shirt, an apron, and a baseball cap. The idea about the uniform is out

of the concept of the uniforms used in restaurants and buffets, since the name of

the shop is Trendy Buffet.

The layout of the uniform and the identification (I.D.) card are as follows:

Figure 3.4 The uniform of the employees

Figure 3.5 The layout of the

Employee Identification (I.D.) cards
 Part 4

Organizational and Managerial Activities

The organizational and managerial feasibility, which includes the

Organizational Structure that defines how activities such as task allocation,

coordination and supervision are directed toward the achievement of

organizational aims.

The relation of organizational and managerial feasibility to the business is

that it defines the relationship between the employee and employer that will help

maintain good relationship to function as one. Also, it will help the business to

lessen the grievances and disputes by following the labor code as stated.

The organizational chart contains the level of personnel. On the other hand,

the policies and guidelines help to maintain and regulate the work relationship of

the employee, the condition of employment focusing on the agreement between

the management and employee, the payment of employee which defines how the

management pay the employee, and the responsibilities and duties of the

employee including job description and specification of one particular job.

Organizational Structure

Organizational structure of the business shows the flow of every task and

duties of employees from different levels of management. Since it is a general

partnership, people with same goals of earning profit and enthusiasm are the
owners of this business. The organizational chart gives you the look of skeleton

view of the organization.

Trendy Buffet is a shop located in Cainta, Rizal that provides rental services

to online businesses to place their products. The general manager is the one who

is in charge of the store operations and the four (4) service crews are assigned in

the customer service. It is the responsibility of the sales representative to market

the business and face the clients. The on-call outsourced accountant is the one

who is responsible for the books of accounts of the business.

Figure 4.1 The organizational chart of Trendy Buffet

Form of Organizational Business

The proponents of the business established a general partnership. This

type of business organization is composed of two or more persons engaged in a

business for profit. The partners have equal shares to assets and liability of the

current business.
 Articles of Partnership

Of

Trendy Buffet

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned partners, all of legal age, residents and citizens

of the Philippines, have on this day voluntarily associated ourselves together for

the purpose of forming a general partnership under the following terms and

conditions and subject to existing and applicable laws of the Republic of the

Philippines:

AND WE HEREBY TESTIFY:

ARTICLE I. That the name of this partnership shall be TRENDY BUFFET

and shall transact business under the said company name.

ARTICLE II. That the purpose for which this partnership is formed is to hold,

manage, and operate a space rental business named “Trendy Buffet”.

ARTICLE III. That the principal place of business of this partnership shall

be located at Km. 19 Ortigas Avenue Ext. corner Eagle Street, Barangay San Juan,

Cainta, Rizal.
 ARTICLE IV. That this partnership shall have a term of ten (10) years from

and after the original recording of its Articles of Partnership by the Securities and

Exchange Commission.

ARTICLE V. That the names, nationalities and complete residence

addresses of the partners are as follows:

Name Citizenship Residence

Neil John D. Sitio Bagong Silang, Valley Golf.,

Filipino
Abejero Cainta, Rizal

Kaye Trina C. Blk. 45 Sitio Batasin, Brgy. San Juan,

Filipino
Gonzales Taytay, Rizal

Apartment 31, Elizabeth St. Baltao

Erica B. Lutao Filipino
Compound, Taytay, Rizal

Vince Robin C.
Filipino 187 A. Bonifacio Ave., Cainta, Rizal
Merced

Roy Benjamin B. Blk. 4 Lot 8 Mt. Banaue Rd., Montevista

Filipino
Pulumbarit Heights, Brgy. Dolores, Taytay, Rizal

John Andriane M. Blk. 8 Lot 29 Lexus Drive, Luxury Villa,

Filipino
Tidalgo Angono, Rizal

Hazeleen S.
Filipino Ilog pugad, Taytay, Rizal
Villanueva
 ARTICLE VI. That the capital of this Partnership shall be the amount of

Five hundred fifty thousand (Php280,000.00), Philippine Currency, contributed in

cash by the partners, as follows:

AMOUNT
NAME
CONTRIBUTED

Neil John D. Abejero ₱ 40,000.00

Kaye Trina C. Gonzales ₱ 40,000.00

Erica B. Lutao ₱ 40,000.00

Vince Robin C. Merced ₱ 40,000.00

Roy Benjamin B. Pulumbarit ₱ 40,000.00

John Andriane M. Tidalgo ₱ 40,000.00

Hazeleen S. Villanueva ₱ 40,000.00

TOTAL ₱ 280,000.00

That no transfer of interest which will reduce the ownership of Filipino

citizens to less than the required percentage of capital as provided by existing laws

shall be allowed or permitted to be recorded in the proper books of the partnership.

ARTICLE VII. That the profits and losses of this partnership shall be equally

divided and distributed among the partners.

ARTICLE VIII. No partner shall withdraw any portion of the capital of the

partnership without the permission of the other partners.

 ARTICLE X. That a partner is entitled to have a monthly drawing not

exceeding Php1,500.00 per month. Provided, further, that there would be no

drawing for the first year of operation and no loss shall be incurred in the equity

upon drawing.

ARTICLE XI. That the general partner may be given the right to substitute

an assignee as contributor in his place, provided that he has duly notified his

partners in writing, stating the reasons therefor, five (5) days before effectivity of

said substitution.

ARTICLE XIII. That the remaining general partner or partners shall have

the right to continue the business in cases of death, retirement, civil interdiction,

insanity or insolvency of a general partner.

ARTICLE XVI. That the partners undertake to change the name of this

partnership, as herein provided or as amended thereafter, immediately upon

receipt of notice or directive from the Securities and Exchange Commission that

another corporation, partnership or person has acquired a prior right to the use of

that name or that the name has been declared as misleading, deceptive,

confusingly similar to a registered name, or contrary to public morals, good

customs or public policy.

DATE: October 3, 2016

SIGNED:

Neil John D. Abejero Kaye Trina C. Gonzales

Erica B. Lutao Vince Robin C. Merced

Roy Benjamin B. Pulumbarit John Andriane M. Tidalgo

Hazeleen S. Villanueva

Policies and Guidelines

Policies are rules and regulation that provides the responsibility of

developing the behavior of the employees to prevent the possible problems that

might possibly occur in every aspect. Its implementation will help the employees

to mold in to the most effective and efficient way of performance that will also help

the business well to bring out its maximum potential.

 The proponents provide the sets of guidelines that will help the organization

to promote peace, integrity, well-organized and smooth operation in the business

establishment. This part is designed to inform and provide information about the

policies affecting the employees of the business.

Employee Uniforms:

New employees will be provided:

 Polo shirt

 Apron

 Baseball cap

 Identification (I.D.) Card

Employees must provide their own pants. Acceptable uniform pants are

black fitted or skinny jeans. Unacceptable pants include, but are not limited to:

 Wide-legged jeans

 Jeans with wide stitching on the seams

 Ragged jeans

 Leggings

 Dress pants

 Warm-up pants

 Running suit pants

Employee Appearance:
 An employee must follow these guidelines regarding employee

appearance:

 Limited size and amount of jewelry is allowed.

 Hair styles should not draw any attention (e.g. hair color, height, length, and

objects worn in hair).

 Long or artificial nails are not permitted.

 A clean-shaven appearance is preferred on all males. The only facial hair

allowed is a mustache that does not exceed the corners of the mouth.

Goatees are not allowed.

 All employees must wear complete uniforms while on duty.

 Earrings on males are not allowed.

 Tongue rings, tongue studs, nose rings, or any other facial rings or piercings

are not allowed while on duty.

 Visible tattoos are discouraged and where present should not be offensive

to others; if deemed to be offensive, they should be appropriately covered.

 Headscarves and long sleeves worn for religious purposes are permitted

for Muslim employees.

Operations:

Employees must be guided by these policies regarding the operational

activities of the business:

 Come in to work completely dressed in a clean and pressed uniform (shirt,

pants, and nametag). Employees are responsible in cleaning and

maintaining their uniform.

 Arrive at the workplace and punch his timecard early or on time for his

official work hours or shift schedule. Arrival after 10 minutes of the start of

his official work hours or shift schedule shall be considered late.

 Chewing gum and eating food of any kind are not allowed while on duty.

 Always respect every individual, including clients and co-workers. Avoid

showing any grossly indecent behavior or using profane language in

addressing another person, regardless of his age, race or religion.

 Smoking cigarettes, vaping, or drinking alcoholic beverages on the

business premises and within the building whether during working time or

not, or reporting for work under the influence of alcohol are not allowed.

 Cheating customers or clients including but not limited to charging of

excessive fees is not allowed.

 Use of mobile phone while on duty is not prohibited. It should not be abused

and should be kept to a minimum. Mobile phones should be used during

break and off-peak periods.

 Addiction, use or possession of illegal drugs or any kind of paraphernalia,

or reporting for work under the influence of illegal drugs are not allowed and

can lead to termination of employment.

 Maintain a work environment and a business free from sexual harassment

and all forms of sexual intimidation and exploitation of or by the employees.

Conditions of Employment

Working Conditions:

A. The customer service staff will follow a six (6) day work week and the

General Manager will follow a five (5) day work week, both with a given

schedule. (As guided by Article 91(1), Labor Code)

B. An employee is provided a one (1) day rest period after six (6) consecutive

normal work days (as per Article 91(1), Labor Code). Depending on

operational demands, an employee may be required to report for work on

his rest day; he shall be entitled to an additional 30% of his regular wage

for a work done on his rest day (as per Article 93(1), Labor Code).

C. Each employee is required to render the maximum ordinary hours of work

to a maximum of 48 ordinary hours of work per week and eight (8) ordinary

hours of work per day (as per Article 83, Book III, Labor Code).

D. Each employee is entitled to a regular one (1) hour unpaid meal break (as

per Article 85, Labor Code) and two (2) 15-minute in-between paid breaks,

following a pre-determined schedule. These breaks shall be properly

scheduled to ensure work or service continuity.

E. Employees shall be paid his regular daily wage on a regular holiday (as per

Article 94(1), Labor Code). If the employee is required to any regular

holiday, he shall be paid a compensation equivalent to twice his regular rate

(as per Article 94(2), Labor Code). Work performed on any special holiday
 shall be paid an additional compensation of at least thirty percent (30%) of

the regular wage of the employee (as per Article 93(3), Labor Code).

F. Paydays are on the 15th and 30th of the month, but can be moved to a day

before or after in case payday falls on a weekend or a Holiday. (Wages paid

twice a month at intervals not exceeding sixteen (16) days as per Article

103, Labor Code) All salaries are given personally by the supervisor to the

employees through direct deposit accounts (as per Labor Advisory on

Payment of Salaries through ATM).

Attendance:

A. Unauthorized absences or absence without official leave (AWOL) are

absences from work without prior approval or notification, shall be

considered as without pay. Unauthorized extension of an approved leave

shall also be charged as AWOL. Unauthorized absences shall be a basis

for the imposition of disciplinary action.

B. Employees are required to log-in in the Bundy clock using the timecard. An

employee who fails to file attendance should ask the supervisor’s approval

to confirm, otherwise it shall be considered as AWOL. Failure to file

attendance properly shall merit the employee a disciplinary action.

C. An employee is considered tardy when he reports for work after the start of

his official work hours or shift schedule.

  All instances of tardiness regardless of number of minutes shall be

monitored and shall be made the basis for possible salary deductions

and/or imposition of disciplinary action.

 A 10-minute grace period will be given to each employee.

 An employee who accumulates more than 60 minutes of tardiness

within a month or a year, whichever comes first, shall immediately be

issued a written warning.

 Corresponding per minute deductions will be made against the

employee’s salary for tardiness.

D. Under time means leaving early or leaving before the end of the employee’s

work schedule.

 All instances of under time regardless of number of minutes shall be

monitored and shall be made the basis for possible salary deductions

and/or imposition of disciplinary action.

 Corresponding per minute deductions are made against the

employee’s salary for under time.

E. Overtime work is work performed beyond eight (8) hours a day. The

employee who worked overtime is paid for a compensation equivalent to his

regular wage plus 25%; overtime work on a regular holiday or rest day shall

be paid an additional compensation equivalent to the rate of the first eight

(8) hours plus 30% (as per Article 87, Labor Code).
  Overtime work shall have prior written authorization. The Overtime

Request form must be accomplished and signed by the Supervisor,

not later than one (1) day before the intended date.

 Overtime work rendered without prior authorization will not be

considered for payment.

 Only overtime work performed within the approved authorized period

will be eligible for payment of overtime premium.

 No overtime work shall be extended beyond 10:00 PM.

 Under time work on any particular day shall not be offset by overtime

work on any other day (as per Article 88, Labor Code).

Leaves:

As a reward for continuous and satisfactory service and as mandated by

the law, the employee is given privileges upon fulfillment of certain eligibility

requirements.

A. Incentive leave. Three (3) days of incentive leave shall be given to every

regular employee after the time of probationary employment. The incentive

leave credits shall be given annually, not cumulative, and not convertible to

cash. The leave application of the employee shall be filed to the manager

two (2) days before the day of leave. (Provisions for incentive leave not

applied to those who are employed in establishments regularly employing

less than ten employees as per Article 95(2), Labor Code)

B. Maternity leave. Two (2) weeks prior to the expected date of delivery and

another four (4) weeks after normal delivery or abortion with full pay based

on her regular weekly wage shall be given to any pregnant woman

employee who has rendered a collective service of at least six (6) months

in the business for a year (as per Article 133(1), Labor Code). The maternity

leave application of the employee shall be filed to the manager three (3)

weeks before the expected date of delivery, supported by a medical

certificate signed by a physician or midwife showing that delivery will

probably take place within two (2) weeks.

C. Paternity leave. Seven (7) days with full pay based on his regular daily wage

shall be granted to a married male employee thereof, on the condition that

his wife has delivered a child or suffered a miscarriage (as per Sec. 2, R.A.

8187). The leave application of the employee shall be filed to the manager

two (2) weeks before the expected date of delivery, supported by a marriage

contract and a medical certificate signed by a physician or midwife showing

the pregnancy of his legitimate wife and the expected date of such delivery.

D. Parental leave. Seven (7) working days of parental leave every year will be

granted to any solo parent employee who has rendered service of at least

a year for the purpose of enabling him/her to perform parental duties and

responsibilities where physical presence is required (as per Sec. 8, R.A.

8972). The leave application of the employee shall be filed to the manager

two (2) days before the day of leave.

 E. Special leave for women. Two (2) months with full pay based on her gross

monthly compensation will be given to any female employee who have

undergone a surgery caused by gynecological disorder, provided that she

has rendered continuous aggregate employment service of at least six (6)

months for the last 12 months (as per Sec.18, R.A. 9710). The leave

application of the employee shall be filed to the manager one (1) week

before the expected date of delivery, supported by a medical certificate

signed by a physician or an obstetrician-gynecologist showing the need for

a gynecological surgery.

Recruitment and Selection:

The best way to hire good employees and to weed out the unsuitable ones

is to have an excellent recruitment process. Trendy Buffet has a thorough

recruitment process to ensure that those who are hired are suited to the role and

are the right match for the job.

1. An internal and external job posting will be arranged through the referral of

local recruitment agencies and the municipal employment service office.

The job posting will include a local contact who will be responsible for

responding to all queries related to the position from potential applicants

during the advertising period.

2. Applications can be sent directly to the store or to local recruitment agencies

or the municipal employment service office. All applications will then be

 reviewed and considered. Candidates who passed the qualifications will be

considered for short-listing.

3. The interview process is a chance for the management to talk to the short-

listed applicants through the role and the opportunities of the job,

discussing the applicants’ skills, technical knowledge and suitability for the

position. Depending on the role, interviews may take place with the

general manager and/or the business owners. The number and type of

interviews may vary.

4. Psychometric assessment is a part of the recruitment process. An

assessment that includes timed ability components (numerical, verbal and

abstract reasoning) and an untimed personality questionnaire will be taken

by the applicants.

5. Once the interviews and assessments have been completed, each

applicant will be measured according who met the selection criteria.

Selected applicants will then undergo reference checks to obtain

information about the candidate’s behavior and work performance from

prior employers that could be critical to decision making, regardless of their

skills, knowledge, and abilities.

6. Upon completion of the recruitment process, the offer to the selected finalist

will be made.
Employment Status:

A. Regular or Permanent Employment. This is given to an employee who has

satisfactorily passed the probationary period after six (6) months.

Supervisors and managers, by virtue of the positions they occupy, may be

hired as regular or permanent employees. (As guided by Article 280, Labor

Code)

B. Probationary Employment. This is given to a newly hired employee. The

standard probationary period is six (6) months. A new employee whose

performance is being evaluated before the end of the probationary period

to determine whether further employment in a specific position or with the

business is appropriate. A probationary employee may be terminated

anytime for valid reasons as stipulated in the policies and guidelines of the

partnership and in accordance with the Labor Code. (As guided by Article

281, Labor Code)

C. Temporary Employment. This is given to whose performance is being

evaluated to determine whether further employment in a specific position or

with the business is appropriate, or individuals who are hired as interim

replacements to assist in the completion of a specific project or for vacation

relief through designated employment agencies. Employment beyond any

initially stated period does not in any way imply a change in employment

status. Temporary employees retain that status until they are notified of a

change. If there is change in the employment status of a temporary

employee, the employee must undergo the probationary employment.

 Temporary employees are not eligible for any of the Company’s benefit

programs.

Separation from Employment:

Separation from employment is the permanent cessation of the employer-

employee relations which may be initiated by the employee, by management or by

reasons or causes not directly attributed to either of the two, within the limits of the

Labor Code. Situations under which separation from employment occurs may be

due to but not limited to the following:

 Voluntary Resignation (as per Article 285, Labor Code)

 Unsatisfactory performance during probation (as per Article 281, Labor

Code)

 Retirement (as per Article 287, Labor Code)

 Death

 Termination for cause (as per Article 282, Labor Code)

The following policies and procedures are set up to regulate various kinds

of separation and their consequences. They are defined to ensure that exiting

employee exits on a pleasant note with minimum loss to the organization and self.

A. Notice period. In case of voluntary or involuntary separation (except for

termination for cause), every employee is subject to a notice period of thirty

(30) days (as per Article 285, Labor Code). Employees are expected to

inform the company of their resignation in writing.

B. Retirement. The normal retirement age for a staff member is 60 years old,

but employment is extendable if employee is still capable of performing his

duties regardless of age. Employees reaching 65 years of age are required

to retire. (As per Article 287, Labor Code)

D. Resignation. An employee may resign from his employment at any time

subject to the notice period of thirty (30) days (as per Article 285, Labor

Code). It is the employee’s responsibility to adhere to all required

formalities. The company may withhold settlement of final pay and

remaining benefits of the employee until such time as full payment is

realized from the employee in case of any recovery (as per Article 283,

Labor Code). Under exceptional circumstances, if his superior is satisfied,

he may release the employee at an earlier date.

Payment to Employees

A. General manager

TABLE 4.1 Compensation rates given to the general manager

Rates (Php)
Type of Daily
employment Hourly
Regular day Regular Holiday Special day Rest day
Probation 62.50 500.00 1,000.00 650.00 650.00
Regular 72.12 576.92 1,153.85 749.99 749.99
Daily
Type of
Holiday / Special / Semi-Monthly Monthly Yearly
employment
Rest day Rest day
Probation 1,150.00 750.00 6,500.00 13,000.00 156,000.00
Regular 1,500.00 865.38 7,499.99 15,000.00 180,000.00

TABLE 4.2 Hourly overtime rates given to the general manager

Hourly overtime rates (Php)
Type of
Regular Holiday / Special /
employment Regular day Special day Rest day
holiday Rest day Rest day
Probation 78.13 162.50 105.63 105.63 211.25 121.88
Regular 90.14 187.50 121.87 121.87 243.75 140.62
Benefits:

 Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special

leave for women

 Mandatory benefits (SSS, PhilHealth, Pag-IBIG)

 13th-month pay

B. Service crew and Sales representative

TABLE 4.3 Compensation rates given to the service crew and sales representative
Rates (Php)
Type of
Daily
employment Hourly
Regular day Regular Holiday Special day Rest day
Regular / Probation
32.88 263.00 526.00 341.90 341.90
/ Temporary
Daily
Type of
Holiday / Special / Semi-Monthly Monthly Yearly
employment
Rest day Rest day
Regular / Probation
683.80 444.47 3,419.00 6,838.00 82,056
/ Temporary
TABLE 4.4 Hourly overtime rates given to the service crew and sales representative
Hourly overtime rates (Php)
Type of
Regular Holiday / Special /
employment Regular day Special day Rest day
holiday Rest day Rest day
Regular / Probation
41.09 85.48 55.56 55.56 111.12 64.1155
/ Temporary

Benefits:

 Mandatory leaves (upon regularization) e.g. Incentive leave, Maternity leave, Paternity leave, Parental leave, Special

leave for women

 Mandatory benefits (SSS, PhilHealth, Pag-IBIG)

 13th-month pay

C. Accountant

TABLE 4.5 Compensation rates given to the accountant

Rates (Php)
Type of
Monthly Quarterly
employment Hourly Daily Yearly
(7 days) (3 months)
Temporary 97.50 780.00 2,340.00 7,020.00 28,080.00
Duties and Responsibilities

Title/ position: General Manager

Reports to: Owners (Partners)

Supervises: 4 service crews

Job Description:

 Monitors the team’s performance.

 Demonstrates skills in business, managerial knowledge and smooth

interpersonal relationship with his team.

 Attracts patrons by developing and implementing marketing, advertising,

public and community relations programs; evaluating program results;

identifying and tracking changing demands.

 Maintains patron satisfaction by monitoring, evaluating, and auditing client

and customer services; initiating improvements; building relationships with

preferred patrons.

 Checks the quality of the products sent to the store.

 Sets performance standards for tasks, jobs and roles of their employees.

Qualifications:

 Male or female

 A graduate of a Bachelor's Degree in Finance, Accountancy, Banking, or

Business Studies, Administration, Management, or equivalent

  At least 2 years of working experience as a manager or supervisor

 Preferably Manager or Assistant Manager specializing in Sales in general

or retail, or equivalent

 Has leadership and management skills

 Good at oral and written communication

 Has a pleasing personality

 Computer literate

Title/ position: Accountant

Reports to: General Manager

Supervises: None

Job Description:

 Analyzes and investigates quarterly financial accounts

 Establishes the partnership

 Undertakes financial administration

 Prepares reports, budgets, and financial statements

 Financial forecasting

 Controls income and expenditure;

 Ensures compliance with taxation legislation

Qualifications:

 Male or Female
  A graduate of a Bachelor's Degree in Accountancy, Banking and Finance,

or other related courses

 Licensed certified public accountant (CPA)

 Has at least six (6) months to one (1) year of working experience, and has

a knowledge in GL, AP, revenue, financial statement preparation,

bookkeeping and bank reconciliation

Title/ position: Service Crew

Reports to: General Manager

Supervises: None

Job Description:

 Greets guests and suggestively sells products.

 Checks shelves and replenish supplies of any products that is running low.

 Prepares the displays and ensures that they remain in good condition

throughout the store hours.

 Helps customers locate products or explain product features.

 Provides customers with a quick and accurate service and show sensitivity

to their individual needs.

 Handles cash, credit card and discount transactions with the assistance of

a POS (Point of Sale) register.

 Verifies a starting bank and completing a daily audit report when balancing

the drawer at the end of the shift.

  Maintains a clean area by picking up litter and following established

cleaning procedures.

 Uses a variety of chemical cleaning products along with the correct

protective equipment.

 Ensures excellent customer service by providing positive interactions with

guests in a friendly and courteous manner.

Qualification:

 Male or female; not more than 30 years’ old

 Has at least a graduate of junior high school education

 Has knowledge in customer service

 Has good interpersonal and communication skills

 Smart and with pleasing personality

Title/ position: Sales Representative

Reports to: General Manager

Supervises: None

Job Description:

 Makes appointments to meet new and existing clients

 Promotes new products and special deals

 Agrees on sales, prices, contracts and payments

 Advises clients about delivery schedules and after-sales service

  Keeps contacting existing clients by email or phone

 Answers frequently asked questions online

 Records orders from the internet and sends details to the store

 Reports sales trends

Qualification:

 Male or female; not more than 30 years’ old

 Has at least a graduate of junior high school education

 Has at least six (6) months to one (1) year of working experience in sales,

marketing, customer service, or technical assistance

 Has knowledge in sales and marketing

 Has good interpersonal and communication skills

 Smart and with pleasing personality

Work Schedule

Office Hours: 8:30am-10:30am

Store Hours: 9:00am-9:00pm

 Shift 1: 8:30am-3:30pm

 Shift 2: 3:30pm-10:30pm

 Shift 3: 10:30am-5:30pm
1-hour break:

 General Manager: 11:30am

 Crew 1: 12:30pm

 Crew 2: 6:30pm

 Crew 3: 7:30pm

 Crew 4: Saturday-Tuesday: 1:30pm, Wednesday-Thursday: 5:30pm

Table 4.6 Schedule of general manager and service crews

POSITION SUN MON TUE WED THU FRI SAT
General
Shift 1 Day off Shift 1 Shift 1 Shift 1 Shift 1 Shift 1
Manager
Service
Shift 1 Shift 1 Day off Shift 1 Shift 1 Shift 1 Shift 1
Crew 1
Service
Shift 2 Shift 2 Shift 2 Day off Shift 2 Shift 2 Shift 2
Crew 2
Service
Shift 2 Shift 2 Shift 2 Shift 2 Day off Shift 2 Shift 2
Crew 3
Service
Shift 3 Shift 1 Shift 1 Shift 2 Shift 2 Day off Shift 3
Crew 4
 Part 5

Financial Feasibility

The Financial Feasibility discusses about how much start-up capital is

needed, sources of capital, returns on investment, and other financial

considerations. It also indicates how much cash is needed in the business and

assessment of the financial aspects.

In this chapter, the statement of assumption, demand projection, balance

sheet, income statement and cash flow of the business is showed and the

projected expense of the project as well.

Statement of Assumption

1. The business will be classified as a general partnership with an initial

investment of Php280,000.00.

2. The financial calendar of the business will presume to start on January 1,

2017.

3. All the capital needed and other operating expenses i.e. cost of services,

supplies and advertising expense are financed by the partners’ contribution.

4. Proponents project a 10% increase in demand and in capacity per year.

This is based on the expected increase in trend of the rental and

 consignment services for online sellers and the position/reputation marked

by this kind of business in the market. Along with this expected increase in

demand is the Company's effort to expand in order to cater the ever

increasing demand for this type of service.

5. All transactions on sales will be on cash basis only.

6. A petty cash fund of Php5,000.00 will be maintained on the cashier’s

drawer.

7. Clients/Lessees will be charged for their rental fee on a cost-plus basis (all

direct costs and projected mark-up rate.) An increase in rental fee of 5%

after three (3) years will be considered in reference to the increase in other

operating costs and projected increase in sales as a result of the boosted

market position of the Company.

8. Costs from which the rental fee will be based shall compose of direct costs

and other operational fees. In order to maintain consistency and normal

growth in the amount of charging, the Entity will use an "averaging method".

9. Salaries are projected to increase by 5% by 4th year (2020). Probationary

periods are also considered during the computation.

10. It will be assumed that the business will have a slow turnover of employees.
11. The Company will rent a commercial space that is available for a one-year

lease contract with an option for extension. It has a monthly rental fee of

Php25,000, excluding expenses for utilities. The payment term of the

commercial space is a three-month advanced payment and the monthly

rental fee. The Proponents estimate a 5% rental increase every three (3)

years. Annual fees will however be spread equally in a five-year period as

follows per reference to a sound accounting practice. Any space

improvement costs referred to as "leasehold improvement" will be borne by

the Partnership.

Table 5.1 Estimated rent expense for 5 years

Estimated 5-year expense

900,000.00 years 1-3

630,000.00 years 4-5

1,530,000.00 total 5-year fees to be divided by 5

12. The Business will bear the costs of leasehold improvement that totals

Php50,000.00. This will be depreciated on a straight line basis over a period

of five (5) years.

13. Utilities expenses, that includes electricity, water, telephone, and internet,

are to increase by 2%, inclusive of increase in price rates and usage,

annually.
14. Advertising expenses in visual displays and e-mail newsletters and other

social media-related promotions will increase by 5% in year 4.

15. A miscellaneous expense of Php1,000.00 will be incurred monthly and will

increase by 2% per year.

16. Depreciation of property, plant and equipment are on a straight-line basis

and starts at second year of operation. Machineries and equipment were

made by the end of Year 5, thus, depreciation doesn't apply for these new

purchases. Furniture and fixture were made by the end of Year 5, thus,

depreciation doesn't apply for these new purchases.

17. Partners are entitled to have a monthly drawing not exceeding Php1,500.00

per month. Furthermore, partners agreed that there would be no drawing

for the first year of operation and no loss shall be incurred in the equity upon

drawing.

18. The partners have equal shares to assets and liability of the current

business.

19. Provision for income tax are 30% since this type of business is subject to

corporate tax.

20. Discrepancy in decimal places is due to rounding off.

TABLE 5.2 Statement of Financial Position for years 2017-2021
TRENDY BUFFET
STATEMENT OF FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 20XX
(Amounts in Php)
NOTES 2017 2018 2019 2020 2021
Assets
Current Assets
Cash and Cash Equivalents (see Note on Statement of Cash Flows for Details) 1 91,009 140,912 247,488 467,208 766,665
Prepaid Rent 7 75,000 75,000 75,000 75,000 75,000
Total Current Assets 166,009 215,912 322,488 542,208 841,665
Non-Current Assets
Furniture & Fixtures 12 68,965 68,965 68,965 69,145 89,643
Accumulated Depreciation - Furniture & Fixtures 12 9,493.59 18,987.17 28,480.76 37,854.34 47,407.93
Machineries & Equipment 12 72,848 72,848 72,848 72,848 115,697
Accumulated Depreciation - Machineries & Equipment 12 12,320 24,639 36,959 49,279 61,598
Leasehold Improvement 8 50,000 50,000 50,000 50,000 50,000
Accumulated Depreciation - Leasehold Improvement 8 10,000 20,000 30,000 40,000 50,000
Total Net Non-Current Assets 160,000 128,186 96,373 64,860 96,334
Total Assets 326,009 344,098 418,861 607,068 937,999
Liabilities and Equity
Liabilities
Rent Payable 7 6,000 12,000 18,000 9,000 -
Income Tax Payable IS 2,429 13,478 20,072 33,051 48,122
Percentage Tax Payable 2 10,380 11,626 12,456 14,174 15,893
Expanded Withholding Tax Payable 4, 7 4,527 4,527 4,527 4,562 4,562
Total Liabilities 23,336 41,631 55,055 60,788 68,577
Equity
Abejero, Capital SOCE 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Gonzales, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Lutao, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Merced, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Pulumbarit, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Capital, Tidalgo 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Villanueva, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Total Equity 302,672 302,467 363,806 546,281 869,421.86
Total Liabilities and Equity 326,009 344,098 418,861 607,068 937,999
TABLE 5.3 Income statement for years 2017-2021
TRENDY BUFFET
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 20XX
(Amounts in Php)
NOTES 2017 2018 2019 2020 2021
GROSS SERVICE REVENUE 2 1,384,040.79 1,550,125.68 1,660,848.95 1,889,931.56 2,119,014.17
LESS: Cost of Services 3 1,117,280.00 1,142,148.02 1,156,665.38 1,205,247.09 1,220,266.15
Gross Margin 266,760.79 407,977.66 504,183.57 684,684.47 898,748.02
LESS: Other Operating Expenses
Administrative Salaries (gross of benefits & taxes) 4 28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
Supplies - Administrative 6 1,454.00 1,630.00 1,806.00 1,982.00 2,158.00
Depreciation 12 31,813.26 31,813.26 31,813.26 31,813.26 31,813.26
Permits & Licenses 13 59,601.22 57,103.77 60,425.47 67,297.95 74,170.43
Janitorial & Maintenance 14 3,240.00 1,500.00 2,290.00 650.00 2,640.00
Safety Tools 15 4,074.00 - 3,999.00 - 4,074.00
Benefits 16 106,109.24 108,143.64 108,143.64 112,778.32 112,778.32
Total Expenses 234,371.72 228,270.67 236,557.37 244,005.53 257,118.00
Net Income before Taxes 32,389.07 179,707.00 267,626.20 440,678.95 641,630.02
Income Tax (30%) 9,716.72 53,912.10 80,287.86 132,203.68 192,489.01
Net Income/(Loss) after Taxes 22,672.35 125,794.90 187,338.34 308,475.26 449,141.01
TABLE 5.4 Statement of Changes in Partners’ Equity for years 2017-2019
TRENDY BUFFET
Statement of Changes in Partner's Equity
For the year ended 20XX
(Amounts in Php)
Abejero Gonzales Lutao Merced Pulumbarit Tidalgo Villanueva Net Income
Statement of Changes in Equity - 2017
Beginning Equity 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00 40,000.00
Net Income after taxes 22,672.35
Share in Net Income 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91 3,238.91
Capital Withdrawal 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ending Equity 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91

Statement of Changes in Equity - 2018

Beginning Equity 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91 43,238.91
Net Income after taxes 125,794.90
Share in Net Income 17,970.70 17,970.70 17,970.70 17,970.70 17,970.70 17,970.70 17,970.70
Capital Withdrawal (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00)
Ending Equity 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61

Statement of Changes in Equity - 2019

Beginning Equity 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61 43,209.61
Net Income after taxes 187,338.34
Share in Net Income 26,762.62 26,762.62 26,762.62 26,762.62 26,762.62 26,762.62 26,762.62
Capital Withdrawal (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00)
Ending Equity 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23
TABLE 5.5 Statement of Changes in Partners’ Equity for years 2020-2021
TRENDY BUFFET
Statement of Changes in Partner's Equity
For the year ended 20XX
(Amounts in Php)
Abejero Gonzales Lutao Merced Pulumbarit Tidalgo Villanueva Net Income
Statement of Changes in Equity - 2020
Beginning Equity 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23 51,972.23
Net Income after taxes 308,475.26
Share in Net Income 44,067.89 44,067.89 44,067.89 44,067.89 44,067.89 44,067.89 44,067.89
Capital Withdrawal (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00)
Ending Equity 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12

Statement of Changes in Equity - 2021

Beginning Equity 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12 78,040.12
Net Income after taxes 449,141.01
Share in Net Income 64,163.00 64,163.00 64,163.00 64,163.00 64,163.00 64,163.00 64,163.00
Capital Withdrawal (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00) (18,000.00)
Ending Equity 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12 124,203.12
TABLE 5.6 Statement of Cash Flows for years 2017-2021
TRENDY BUFFET
Statement of Cash Flows
For the year ended December 31, 20XX
(Amounts in Php)
2017 2018 2019 2020 2021
Cash Flow From Operating Activities
Operating Income 22,672.35 125,794.90 187,338.34 308,475.26 449,141.01
Add: Depreciation 31,813.26 31,813.26 31,813.26 31,873.26 31,873.26
Add/(Deduct):
Increase/ (Decrease) in Income Tax Payable 2,429.18 11,048.84 6,593.94 12,978.96 15,071.33
(Increase)/Decrease in Prepaid Expenses (75,000.00) - - - -
Increase/(Decrease) in Rent Payable 6,000.00 6,000.00 6,000.00 (9,000.00) (9,000.00)
Increase/(Decrease) in Percentage Tax Payable 10,380.31 1,245.64 830.42 1,718.12 1,718.12
Increase/(Decrease) in EWT Payable 4,527.00 - - 35.10 -
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,822.09 175,902.64 232,575.97 346,080.70 488,803.72

Cash Flow From Investing Activities

Add/(Deduct):
(Increase)/ Decrease in Machineries & Equipment (72,848.00) - - - (42,849.00)
(Increase)/ Decrease in Furniture & Fixtures (68,965.00) - - (180.00) (20,498.00)
(Increase)/ Decrease in Leasehold Improvement (50,000.00)
NET CASH USED IN INVESTING ACTIVITIES (191,813.00) - - (180.00) (63,347.00)

Cash Flow from Financing Activities

Add/(Deduct):
Increase/ (Decrease) in Invested Capital 280,000.00 - - -
Withdrawals - (126,000.00) (126,000.00) (126,000.00) (126,000.00)
Net Cash Provided by Financing Activities 280,000.00 (126,000.00) (126,000.00) (126,180.00) (126,000.00)

Net Increase in Cash 91,009.09 49,902.64 106,575.97 219,720.70 299,456.72

Cash balance, beginning - 91,009.09 140,911.73 247,487.70 467,208.40
Cash balance, ending 91,009.09 140,911.73 247,487.70 467,208.40 766,665.12
TABLE 5.7 Note 1
NOTE 1: CASH AND CASH EQUIVALENTS
2017 2018 2019 2020 2021

Petty Cash Fund 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00

Cash in Bank 84,288.91 133,193.50 237,637.94 452,964.23 746,431.82
Cash on Hand/Change Fund 1,720.18 2,718.23 4,849.75 9,244.17 15,233.30
TOTALS 91,009.09 140,911.73 247,487.70 467,208.40 766,665.12

TABLE 5.8 Note 2

NOTE 2: PROJECTED SERVICE INCOME
2017 2018 2019 2020 2021
Description
45% 45% 45% 50% 50%
Contract Price (Ave. Cost+Mark-up) 55,361.63 55,361.63 55,361.63 57,270.65 57,270.65
x Estimated Number of Lessees 25 28 30 33 37
PROJECTED ANNUAL REVENUE 1,384,040.79 1,550,125.68 1,660,848.95 1,889,931.56 2,119,014.17
Monthly Contract Price/Lessee 4,613.47 4,613.47 4,613.47 4,772.55 4,772.55
Daily Rental/Consignment Fee 177.44 177.44 177.44 183.56 183.56
Subject to 3% Percentage tax 41,521.22 46,503.77 49,825.47 56,697.95 63,570.43

TABLE 5.9 Note 3

NOTE 3: PROJECTED COST OF SERVICES
Description 2017 2018 2019 2020 2021
Salaries 578,280.00 590,280.00 590,280.00 619,794.00 619,794.00
Uniforms and IDs 1,600.00 - - 1,600.00 -
Rent 306,000.00 306,000.00 306,000.00 306,000.00 306,000.00
Freight charges 25,000.00 25,500.00 26,010.00 26,530.20 27,060.80
Utilities 86,400.00 88,128.02 89,890.58 91,688.39 93,522.16
Advertising & Promotion 108,000.00 120,000.00 132,000.00 146,900.00 160,900.00
Other Miscellaneous Expense 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
Total 1,117,280.00 1,142,148.02 1,156,665.38 1,205,247.09 1,220,266.15
TABLE 5.10 Average yearly cost per lessee
Average Cost for 5-year time 1,168,321
Average Number of Lessees/Consignors 31
Average Cost/Year/Lessee 38,180

TABLE 5.11 Note 4

NOTE 4: SALARIES
Monthly Gross Pay Monthly Gross Pay
Designation 2017 2018 2019 2020 2021
(during Probation) (during Regularization)
General Manager 13,000.00 15,000.00 168,000.00 180,000.00 180,000.00 189,000.00 189,000.00
Sales Representative 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 1 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 2 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 3 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Sevice Crew 4 6,838.00 6,838.00 82,056.00 82,056.00 82,056.00 86,158.80 86,158.80
Accountant (hired in an on-call basis) 2,340.00 2,340.00 28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
TOTAL MONTHLY VALUES 49,530.00 51,530.00 - - - - -
TOTAL ANNUAL VALUES 594,360.00 618,360.00 606,360.00 618,360.00 618,360.00 649,278.00 649,278.00
Salaries subject to Cost of Sales 578,280.00 590,280.00 590,280.00 619,794.00 619,794.00
Salaries subject to operating expenses 28,080.00 28,080.00 28,080.00 29,484.00 29,484.00
Subject to 10% EWT 2,808.00 2,808.00 2,808.00 2,948.40 2,948.40

TABLE 5.12 Note 5

NOTE 5: EMPLOYEES' UNIFORMS AND IDs
Number of
Description Price 2017 2018 2019 2020 2021
Employees
Store Uniforms (1 set) 400.00 3 1,200.00 - 400.00 1,200.00 -
Store and Office IDs 100.00 4 400.00 - 100.00 400.00 -
Total 500.00 1,600.00 - 500.00 1,600.00 -
TABLE 5.13 Note 6
NOTE 6: SUPPLIES- ADMINISTRATIVE
Items 2017 2018 2019 2020 2021
Ballpen 60.00 60.00 60.00 60.00 60.00
Record book 880.00 1,056.00 1,232.00 1,408.00 1,584.00
Time card 100.00 100.00 100.00 100.00 100.00
Liquid Eraser 60.00 60.00 60.00 60.00 60.00
Tape 22.00 22.00 22.00 22.00 22.00
Stapler Wire 35.00 35.00 35.00 35.00 35.00
Stapler 39.00 39.00 39.00 39.00 39.00
Staple remover 49.00 49.00 49.00 49.00 49.00
Tape dispenser 99.00 99.00 99.00 99.00 99.00
Scissors 50.00 50.00 50.00 50.00 50.00
Scoth Tape 60.00 60.00 60.00 60.00 60.00
TOTAL 1,454.00 1,630.00 1,806.00 1,982.00 2,158.00
TABLE 5.14 Note 7
NOTE 7: RENT
YEAR 2017 2018 2019 2020 2021
PREPAID RENT 75,000.00 75,000.00 75,000.00 75,000.00 75,000.00
RENT EXPENSE 306,000.00 306,000.00 306,000.00 306,000.00 306,000.00
Rent Payable 6,000.00 12,000.00 18,000.00 9,000.00 -
Subject to 5% EWT 15,300.00 15,300.00 15,300.00 15,300.00 15,300.00

TABLE 5.15 Note 8

NOTE 8: LEASEHOLD IMPROVEMENT
YEAR 2017 2018 2019 2020 2021
Leasehold Improvement 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Accumulated Depreciation 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00
Depreciation 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
TABLE 5.16 Note 9
NOTE 9: UTILITIES EXPENSES
Monthly 2017 2018 2019 2020 2021
Electricity 5,000.00 60,000.00 61,200.00 62,424.00 63,672.48 64,945.93
Water 1,000.00 12,000.00 12,240.00 12,484.80 12,734.50 12,989.19
Telephone/Internet Connection 1,200.00 14,400.00 14,688.00 14,981.76 15,281.40 15,587.02
Annual Increase 2% 2% 2% 2%
7,200.00 86,400.00 88,128.02 89,890.58 91,688.39 93,522.16
TABLE 5.17 Note 10
NOTE 10: ADVERTISING EXPENSE
Description 2017 2018 2019 2020 2021
Visual Displays 52,000.00 52,000.00 52,000.00 54,600.00 54,600.00
E-mail newsletters and other social
6,000.00 6,000.00 6,000.00 6,300.00 6,300.00
media-related promotions
Discount vouchers and bi-annual raffle 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00
Representation 10,000.00 12,000.00 14,000.00 16,000.00 20,000.00
Total 108,000.00 120,000.00 132,000.00 146,900.00 160,900.00

TABLE 5.18 Note 11

NOTE 11: MISCELLANEOUS EXPENSE
Amount
Description
Monthly Year 1
Miscellaneous 1,000.00 12,000.00
TABLE 5.19 Schedule of PPE Purchases
NOTE 12: PROPERTY, PLANT AND EQUIPMENT
Schedule of PPE Purchases:
2017 2018 2019 2020 2021
Machineries and Equipment
Desktop computer 10,000.00 - - - 10,000.00
Bundy clock 1,500.00 - - - 1,500.00
Wireless router 1,200.00 - - - 1,200.00
Calcutor 500.00 - - - 500.00
Credit Card Machine 3,000.00 - - - 3,000.00
Telephone 750.00 - - - 750.00
Cash Register 15,000.00 - - - 15,000.00
CCTV Camera 9,999.00 - - - 9,999.00
Split-type Air Conditioner 29,999.00 - - - -
Emergency Light 900.00 - - - 900.00
TOTAL 72,848.00 - - - 42,849.00
Furnitures and Fixtures
Bench 3,800.00 - - - 3,800.00
Office chair 1,499.00 - - - 1,499.00
Office table 2,499.00 - - - 2,499.00
Filing cabinet 4,290.00 - - - -
Glass Cabinet 12,000.00 - - - -
Shoe Cabinet 17,998.00 - - - -
Earings Holder 3,750.00 - - - 3,750.00
Accessory Holder 4,750.00 - - - 4,750.00
Wall Clock 180.00 - - 180.00 -
Clothes Hanger 4,200.00 - - - 4,200.00
Clothes Rack 7,500.00 - - - -
Fitting Room 3,999.00 - - - -
Door 2,500.00 - - - -
TOTAL 68,965.00 - - 180.00 20,498.00
TABLE 5.20 Accumulated depreciation schedule
Accummulated Depreciation Schedule:
2017 2018 2019 2020 2021
Machineries and Equipment 12,319.68 24,639.35 36,959.03 49,278.70 61,598.38
Furnitures and Fixtures 9,493.59 18,987.17 28,480.76 37,974.34 47,467.93
TOTAL 21,813.26 43,626.52 65,439.78 87,253.04 109,066.30

TABLE 5.21 Furniture and fixture schedule

Furniture & Fixtures Schedule:
Quantity Estimated Life Price Annual Depreciation
Bench 1 5 3,800.00 760.00
Office chair 1 5 1,499.00 299.80
Office table 1 5 2,499.00 499.80
Filing cabinet 1 7 4,290.00 612.86
Glass Cabinet 2 10 12,000.00 1,200.00
Shoe Cabinet 4 10 17,998.00 1,799.80
Earings Holder 5 5 3,750.00 750.00
Accessory Holder 5 5 4,750.00 950.00
Wall Clock 1 3 180.00 60.00
Clothes Hanger 12 5 4,200.00 840.00
Clothes Rack 2 7 7,500.00 1,071.43
Fitting Room 2 10 3,999.00 399.90
Door 1 10 2,500.00 250.00
Total Price 68,965.00 9,493.59
TABLE 5.22 Machineries and equipment
Machineries & Equipment
Quantity Estimated Life Price Annual Depreciation
Desktop computer 1 5 10,000.00 2,000.00
Bundy clock 1 5 1,500.00 300.00
Wireless router 1 5 1,200.00 240.00
Calcutor 1 5 500.00 100.00
Credit Card Machine 1 5 3,000.00 600.00
Telephone 1 5 750.00 150.00
Cash Register 1 5 15,000.00 3,000.00
CCTV Camera 1 5 9,999.00 1,999.80
Split-type Air Conditioner 1 8 29,999.00 3,749.88
Emergency Light 1 5 900.00 180.00
TOTAL 72,848.00 12,319.68

TABLE 5.23 Note 13

NOTE 13: PERMITS & LICENSES
Description Amount Total
SEC 2,590.00
BIR 500.00
SSS 1,500.00
DTI 500.00
LOGO Registration 2,390.00 7,480.00
Mayor's Permit/ Business Permit 8,850.00
Barangay Clearance Permit 500.00
Community Tax 500.00
Fire Inspection 350.00
Garbage and Sanitary Permit 400.00 10,600.00
TOTAL ORGANIZATIONAL COST 18,080.00
TABLE 5.24 Permits and licenses expense
2017 2018 2019 2020 2021
Percentage tax 41,521.22 46,503.77 49,825.47 56,697.95 63,570.43
Organizational Cost 18,080.00 10,600.00 10,600.00 10,600.00 10,600.00
Permits & licenses 59,601.22 57,103.77 60,425.47 67,297.95 74,170.43

TABLE 5.25 Note 14

NOTE 14: JANITORIAL & MAINTENANCE EXPENSE
Quantity 2017 2018 2019 2020 2021
Mop and Pail 1 190.00 - 190.00 - 190.00
Feather Duster 1 100.00 - 100.00 - 100.00
Hand Sanitizer 2 200.00 200.00 400.00 200.00 200.00
Liquid Dishwashing soap 4 800.00 400.00 400.00 200.00 200.00
Scrubbing Pad 12 250.00 150.00 150.00 150.00 250.00
Small Towel 6 100.00 100.00 100.00 100.00 100.00
Wet Signage 1 800.00 - 800.00 - 800.00
Trash Bag 2 150.00 150.00 - - 150.00
Trash Bin 1 500.00 500.00 - - 500.00
Broom and Dust Pan 1 150.00 - 150.00 - 150.00
TOTAL 3,240.00 1,500.00 2,290.00 650.00 2,640.00

TABLE 5.26 Note 15

NOTE 15: SAFETY TOOLS EXPENSE
Quantity 2017 2018 2019 2020 2021
Emergency Light 2 2,000.00 - 2,000.00 - 2,000.00
Fire Extinguisher 1 1,999.00 - 1,999.00 - 1,999.00
Exit Sign 1 75.00 - - - 75.00
TOTAL 4,074.00 - 3,999.00 - 4,074.00
TABLE 5.27 Benefits for the year 2017
Monthly Gross Pay Monthly Gross Pay
2017 13th-month pay SSS PhilHealth PagIBIG
(during Probation) (during Regularization)
Supervisor 13,000.00 15,000.00 14,000.00 1,031.80 175.00 100.00
Sales Representative 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
TOTAL MONTHLY VALUES 47,190.00 49,190.00 4,015.83 3,551.60 675.00 600.00
TOTAL ANNUAL VALUES 566,280.00 590,280.00 48,190.00 42,619.24 8,100.00 7,200.00

TABLE 5.28 Benefits for the year 2018

Monthly Gross Pay Monthly Gross Pay
2018 13th-month pay SSS PhilHealth PagIBIG
(during Probation) (during Regularization)
Supervisor 13,000.00 15,000.00 15,000.00 1,105.50 187.50 100.00
Sales Representative 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
TOTAL MONTHLY VALUES 47,190.00 49,190.00 4,099.17 3,625.30 687.50 600.00
TOTAL ANNUAL VALUES 566,280.00 590,280.00 49,190.00 43,503.64 8,250.00 7,200.00
TABLE 5.29 Benefits for the year 2019
Monthly Gross Pay Monthly Gross Pay
2019 13th-month pay SSS PhilHealth PagIBIG
(during Probation) (during Regularization)
Supervisor 13,000.00 15,000.00 15,000.00 1,105.50 187.50 100.00
Sales Representative 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 1 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 2 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 3 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
Sevice Crew 4 6,838.00 6,838.00 6,838.00 503.96 100.00 100.00
TOTAL MONTHLY VALUES 47,190.00 49,190.00 4,099.17 3,625.30 687.50 600.00
TOTAL ANNUAL VALUES 566,280.00 590,280.00 49,190.00 43,503.64 8,250.00 7,200.00

TABLE 5.30 Benefits for the year 2020

Monthly Gross Pay Monthly Gross Pay
2020 13th-month pay SSS PhilHealth PagIBIG
(during Probation) (during Regularization)
Supervisor 13,650.00 15,750.00 15,750.00 1,160.78 187.50 100.00
Sales Representative 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 1 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 2 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 3 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 4 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
TOTAL MONTHLY VALUES 49,549.50 51,649.50 4,304.13 3,806.57 687.50 600.00
TOTAL ANNUAL VALUES 594,594.00 619,794.00 51,649.50 45,678.82 8,250.00 7,200.00
TABLE 5.31 Benefits for the year 2021
Monthly Gross Pay Monthly Gross Pay
2021 13th-month pay SSS PhilHealth PagIBIG
(during Probation) (during Regularization)
Supervisor 13,650.00 15,750.00 15,750.00 1,160.78 187.50 100.00
Sales Representative 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 1 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 2 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 3 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
Sevice Crew 4 7,179.90 7,179.90 7,179.90 529.16 100.00 100.00
TOTAL MONTHLY VALUES 49,549.50 51,649.50 4,304.13 3,806.57 687.50 600.00
TOTAL ANNUAL VALUES 594,594.00 619,794.00 51,649.50 45,678.82 8,250.00 7,200.00
Return on Investment:

Earnings - Initial Investment

ROI =
Initial Investment
1,093,421.86 - 280,000.00
=
280,000.00
= 2.655078072
** The owners/partners will receive 4.14 times more than their initial investment for the 5-year period of operations.
The computation, however, ignores the time value of money.

TABLE 5.32 Financial ratios

2017 2018 2019 2020 2021
ANALYSIS OF LIQUIDITY OR SHORT-TERM SOLVENCY
Current Ratio = Current Assets / Current Liabilities 7.114 5.186 5.858 8.920 12.273
Quick or Acid Test Ratio = Quick Assets (Cash and Cash Equivalents) / Current Liabilities 3.900 3.385 4.495 7.686 11.180
Cash-Flow Liquidity Ratio = Cash Flow from Operating Activities / Current Liabilities 0.121 4.225 4.224 5.693 7.128
ANALYSIS OF ASSET LIQUIDITY AND ASSET MANAGEMENT EFFICIENCY
Fixed Asset Turnover = Net Sales / Average Net Property, Plant and Equipment 8.650 10.758 14.792 23.443 26.292
Total Asset Turnover = Net Sales / Average Total Assets 4.245 4.755 4.827 4.512 3.491
ANALYSIS OF LEVERAGE: DEBT FINANCING AND COVERAGE
Debt Ratio = Total Liabilities / Total Assets 0.072 0.121 0.131 0.100 0.073
Debt to Equity Ratio = Total Liabilities / Total Equity 0.077 0.138 0.151 0.111 0.079
Fixed Charge Coverage = Operating Profit + Lease Payments / Interest Expense + Lease Payments 1.106 1.587 1.875 2.440 3.097
OPERATING EFFICIENCY AND PROFITABILITY
Gross Profit Margin = Gross Profit / Net Sales 0.193 0.263 0.304 0.362 0.424
Operating Profit Margin = Operating Profit / Net Sales 0.023 0.116 0.161 0.233 0.303
Net Profit Margin = Net Income / Net Sales 0.016 0.081 0.113 0.163 0.212
Cash Flow Margin = Cash Flow from Operating Activities / Net Sales 0.002 0.113 0.140 0.183 0.231
Return on Investment on Assets = Net Income / Average Total Assets 0.070 0.375 0.491 0.601 0.581
Return on Equity = Net Income / Average Partners’ Equity 0.075 0.416 0.562 0.678 0.635
 Part 6

Socio- Economic Feasibility

The socio-economic feasibility is defined as the factors between society and

economy that may affect the business. Its importance is that it defines how the

business helps in creating a good relationship with the society, and what are

responsibilities of the business to the growth and development of the economy.

This chapter enumerates the benefits contributed by this business to the

employees, the government, the local people, the municipality, the environment,

and the country.

The Employees

The importance of the employees to the business is that they are the ones

who manage and operate the business to ensure that it will earn enough to sustain

the business. In the business world, the primary asset of a company or any

business institution are the employees. They are the main contributors in the

different functions of the business. Without them, the business would be

fragmented that will cause a huge problem to the company.

The business will simply provide jobs to qualified individuals, giving them a

stable income for them and their families. The business can also help motivate and

value the employee by developing their skills and knowledge.

The Local People

The business will contribute to the economy by bringing growth and

innovation to the community in which the business is established. This gives the

place have a huge potential for a profitable market. This will encourage more

investors and entrepreneurs to establish more businesses within the area. Trendy

Buffet can also provide a quality service that will create a good relationship and

satisfaction to its clients and customers.

The Municipality

With this business, it will provide employment opportunities for unemployed

people within the area. The government of Cainta will also benefit the business

from the collection of income, business and corporate taxes, licenses, and local

fees. These can increase the revenue of the government which can be utilized for

local and national government projects. The business can also participate in

different projects of the local government.

The Environment

The business will help the environment through reducing and reusing

materials used in the business. It also lessens the business’s expenses in supplies.

The business will also minimize the waste through recycling which could cut waste
disposal costs. Preventing environmental damage from flooding will reduce the risk

of incurring costs and having to carry out potentially expensive remedial work in

the event of an environmental incident.

The business will also encourage other business and establishments to

lessen their environmental impact by joining campaigns by the local and national

government. The business will also raise environmental awareness to its

customers and employees.

The Country as Whole

Businesses are a critical component of and major contributor to the strength

of economy. The business can also help stimulate economic growth by providing

employment opportunities to people who are still not employed. As Trendy Buffet

generate high levels of revenue, the business will pay higher taxes. This money

can be used for funding the police and fire departments as well as building schools.

This contributes development in the community and in the country. Trendy Buffet

will do all its effort to help the economy and the country as a whole.
SWOT Analysis

Table 6.1 SWOT Analysis

Strengths Weaknesses

 Uniqueness  New venture player

 Accessibility  Trendy

 Location  Consignment agreement

 Store design  Possible loss of client/lessor

 Trendy

Opportunity Threats

 Opening a new market share  Market

 Constant trend in fashion  Marketing strategy and program

 Flood prone area

 Competitors

 Constant change of customer

preference
 Part 7

Project Implementation Table

Creating a solid plan for the implementation of a project is essential to make

it effective. The project implementation table is used to document the project’s

tasks, the responsibility of each person for each task and associated target dates

and task dependencies on each other. This is to gain awareness of the tasks

needed to be accomplished and the status of the project at any given time.

This part discusses the Gantt chart in implementing the project. A Gantt

chart provides a graphical illustration of a schedule that helps to plan, coordinate,

and track specific tasks in a project. This outlines all of the tasks involved in the

project, and their order, shown against a timescale. The Gantt chart gives an

instant overview of a project, its associated tasks, and when these need to be

finished.
Part 1: Business Description

This part of feasibility study discusses the description of the business

including the people that are involved in this proposed project, the proposed name

of the business, the business’ purpose and objectives, the logo that symbolizes

the organization, the organizational structure used in the business, the proposed

project location, and the history of this project.

Table 7.1 Gantt chart of Part 1

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 6/28/2016 6/29/2016 Lutao 100%

Project Proponents 6/28/2016 6/29/2016 Lutao 100%

Proposed Name 6/28/2016 6/29/2016 Merced 100%

Logo 6/28/2016 6/29/2016 Merced 100%

Mission 6/28/2016 6/29/2016 Gonzales 100%

Vision 6/28/2016 6/29/2016 Gonzales 100%

History 6/28/2016 6/29/2016 Lutao 100%

Project Location 6/28/2016 6/29/2016 Merced 100%

Type of Business
6/28/2016 6/29/2016 Lutao 100%
Organization
Part 2: Market Feasibility

The Market Feasibility part of this project describes the market where the

products are sold, determines the potential customers and their needs, and

examines all of the factors that may affect the demand for the services that will be

offered. This part also talks about the market strategy and the specific actions for

each part of the marketing strategy. It also includes the tally of responses of the

respondents on a conducted survey.

Table 7.2 Gantt chart of Part 2

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 6/28/2016 6/29/2016 Lutao 100%

Market Description 6/28/2016 6/29/2016 Merced 100%

Factors Affecting
6/28/2016 Tidalgo 100%
Demand 6/29/2016

Market Description 6/28/2016 6/29/2016 Pulumbarit 100%

Marketing Strategy 6/28/2016 6/29/2016 Pulumbarit 100%

Target Market 6/28/2016 6/29/2016 Tidalgo 100%

Part 3: Technical Feasibility

The technical aspect of this feasibility study defines the operations and

business processes, the processes involved in handling and disposing wastes and

the actions that can be taken to reduce the potential of exposure to the hazard.

This part also lists the physical facilities of the business, the equipment, the

materials, and the supplies used for the business project. The technical feasibility

part of this study includes the diagram of the floor plan, and the layout of the

uniforms and identification cards of the employees of the business.

Table 7.3 Gantt chart of Part 3

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 6/30/2016 7/1/2016 Gonzales 100%

Operational activity 6/30/2016 7/1/2016 Villanueva 100%

Waste Disposal
6/30/2016 7/1/2016 Pulumbarit 100%
System

Physical Facilities 6/30/2016 7/1/2016 Villanueva 100%

Safety Control
6/30/2016 7/1/2016 Villanueva 100%
Measure

Store Process 6/30/2016 7/1/2016 Tidalgo 100%

Materials 6/30/2016 7/1/2016 Abejero 100%

 START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Equipment and Tools 6/30/2016 7/1/2016 Abejero 100%

Floor Plan 6/30/2016 7/2/2016 Abejero 100%

Part 4: Organizational and Managerial Feasibility

The organizational and managerial feasibility part of this feasibility study

includes the organizational structure and chart that discusses and describes the

levels, coordination and supervision of each member of the organization, the

policies and guidelines and the condition of employment that gives brief description

on the arrangements between the management and employee, the compensation

of the employees, and the job descriptions and specifications of the employees in

a particular job.

Table 7.4 Gantt chart of Part 4

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 7/1/2016 7/2/2016 Lutao 100%

Organizational
7/1/2016 7/3/2016 Tidalgo 100%
Structure
 START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Organizational Chart 7/1/2016 7/3/2016 Gonzales 100%

Policies and
7/1/2016 7/3/2016 Pulumbarit 100%
Guideline

Condition of
7/1/2016 7/3/2016 Pulumbarit 100%
Employees

Payment of
7/1/2016 7/3/2016 Pulumbarit 100%
Employees

Responsibilities and
7/1/2016 7/3/2016 Merced 100%
Duties

Part 5: Financial Feasibility

This part of the feasibility study demonstrates all the factors related to the

potential financial flow of the business. It projects how much start-up capital is

needed, sources of capital, returns on investment, and other financial

considerations. This part also considers many things including start-up capital,

expenses, revenues, and investor income and disbursements.

Table 7.5 Gantt chart of Part 5
START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Statement of
7/19/2016 7/20/2016 Lutao 100%
Assumption

Projected Expected
7/19/2016 7/20/2016 Tidalgo 100%
Sales

Projected Monthly
7/19/2016 7/20/2016 Gonzales 100%
Sales

Projected Profit and

7/19/2016 7/20/2016 Abejero 100%
Loss Decision

Projected Cost of
7/19/2016 7/20/2016 Villanueva 100%
Sales

Projected

Depreciation 7/19/2016 7/20/2016 Merced 100%

Expense

Demand Projection 7/19/2016 7/20/2016 Abejero 100%

Projected Supplies
7/19/2016 7/20/2016 Lutao 100%
Expense

Balance Sheet 7/19/2016 7/20/2016 Gonzales 100%

Income Statement 7/19/2016 7/20/2016 Pulumbarit 100%

Part 6: Socio-Economic Feasibility

The socio-economic aspect of this feasibility study describes the social and

economic impacts of the project once implemented. This part determines the

degree to which the design or location of a given project can be economically

justified in which an alternative is considered preferable from an environmental or

social perspective. The socio-economic benefits of the business to its employees,

the locales, the town where the business will be established, the environment, and

the nation will be particularly discussed in this part.

Table 7.6 Gantt chart of Part 6

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 7/19/2016 7/20/2016 Lutao 100%

The Employee 7/19/2016 7/20/2016 Lutao 100%

The Local People 7/19/2016 7/20/2016 Lutao 100%

The Municipality 7/19/2016 7/20/2016 Lutao 100%

The Environment 7/19/2016 7/20/2016 Merced 100%

The Country As A
7/19/2016 7/20/2016 Merced 100%
Whole
Part 7: Project Implementation Table

The project implementation table is used to document the project’s tasks,

the responsibility of each person for each task and associated target dates and

task dependencies on each other. This part discusses the Gantt chart in

implementing the project. This also outlines all of the tasks involved in the project

and their order as shown against a timescale.

Table 7.7 Gantt chart of Part 7

START TARGET PERSON COMPLETED
ACTIVITIES
DATE END DATE IN-CHARGE (%)

Introduction 7/19/2016 7/20/2016 Pulumbarit 100%

Gantt Chart 7/19/2016 7/20/2016 Lutao 100%