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  MINI COLD STORAGE & ICE/FISH TRADING
 BUSINESS OPPORTUNITY PROJECT SUMMARY 
This e-book is presented to you by Southern Philippines Research and Extension (SOPREX)Foundation.By downloading this e-book, you agree to retain all the links contained in this document. Youalso agree to properly cite SOPREX Foundation if you are going to copy and/or distribute thisdocument.You can download more documents at our site:http://soprex.wordpress.com.This work is licensed under the Creative Commons Attribution-Noncommercial 3.0 UnportedLicense. To view a copy of this license, visithttp://creativecommons.org/licenses/by-nc/3.0/ orsend a letter to Creative Commons, 171 Second Street, Suite 300, San Francisco, California,94105, USA.
SOPREX Foundation
SOPREX/MIND-BIOS Bldg., MSU-IIT CampusA. Bonifacio Ave. Tibanga, Iligan City. 9200(063) 223-8077 / FAX: (063)2238481
 
 
Partnerships in Local Enterprise Developmentand Governance Sustainability (PLEDGES) Program
BUSINESS OPPORTUNITY PROJECT SUMMARY
Mini Cold Storage & Ice/Fish Trading
PROJECT CONCEPT/DESIGN:
The Project involves the retail of block ice and trading of high-value fishes. For this purpose two (2) units of cold storage facilities shall be fabricated and installed in the Project site. One unit shall be used for storage of block ice with a capacity of 24 ice blocks or 3 MT at 125 kgs per block. The other unit, designed as walk-in toallow ease of product handling, shall be used for storage of fish with a maximum capacity of 1 MT. Fabricatedall-steel, each cold store unit is estimated to weigh only 2 MT and is thus easily transportable to any remoteplace with road access.Using a V-type or belt-driven 3HP compressor for each cold store unit, the project can operate continuouslyduring power outages by using a small stand-by diesel generating set of 7HP or more. For this reason, the MiniCold Store can also be located in remote fishing villages where electricity is not available.The Project shall purchase block ice from ice plants in the capital city at the estimated price, delivered, of P130per block and retail the ice to local consumers, primarily small-scale fishers at a mark-up of 25%. The Projectshall also purchase the fish caught or harvested by the local fishers/fish farmers at an average cost of P60/kgand sell to consumers in nearby urban centers at a mark-up of 50%.
OPERATING VOLUMES: BLOCK ICE – 24 blocks (3 MT)/day; FISH STORAGE: 1 MT storage, 1MT/weekANNUAL GROSS INCOME:
PhP 6.12 million
ANNUAL NET INCOME BEFORE INTEREST & TAXES:
PhP 1.11 million
ESTIMATED TOTAL PROJECT COST:
PhP 1.09 million
COST OF COLD STORAGE UNITS:
PhP 200,000 (3 MT Block Ice Storage) and PhP 150,000 (1 MT FishStorage)
RETURN ON INVESTMENT RATE (R0I) /PAYBACK PERIOD:
102.1%
 
p.a. / 1.0 year
FOR MORE INFO, PLEASE CONTACT:
SOPREX Foundation The LogoTRIPhilNet member organization nearest you.MSU-IIT Campus, Tibanga, Iligan City 9200 Contact SOPREX Foundation for this member’s contactTel./Fax: (063)223-8481/223-8077 person(s), agency, address and contact phones/fax.Cell Phones: 0918933172 (Maya); 09189420065 (Yesnoy)
 
 
Schedule 1. ESTIMATE OF TOTAL PROJECT COSTI. PRE-OPERATING EXPENSES1 Consultancy Fee (FS/Detailed Engineering Plans Prep & Organizing/Training) 50,0002 Business Licenses & Permits 5,0003 Travel/Perdiems & Business Meetings 10,0004 Miscellaneous 5,000Sub-Total 70,000II. FIXED ASSETS ACQUISITION1 Land & Land Improvementsa. Land: 100 sqm @ P1000/sqm 100,000b. Warehouse: 50 sqm @ P2,000/sqm 100,000Sub-Total Land & Land Improvements 200,0002 Machinery and Equipmenta. Ice Storage, 1 unit, 3HP Single Phase, 3MT (24 blocks) capacity 200,000b. Agri-Fishery Products Storage, 1 unit, 3HP Single Phase, 1MT capacity 150,000c. Diesel Engine, 10HP, 1 uint 50,000d. Ice Crusher w/ 1HP Electric Motor, 1 unit 5,000e. Materials Handling Tools/Equipment: 1 Lot 1,000Sub-Total Machinery and Equipment 406,000TOTAL FIXED ASSETS ACQUISITION 606,000III. INITIAL WORKING CAPITALCost of Sales 382,329Administrative/Selling Overhead 28,131TOTAL INITIAL WORKING CAPITAL 410,460TOTAL INVESTMENT REQUIREMENTS 1,086,460Schedule 2. BASIC ASSUMPTIONSA. ICE STORAGE/RETAILING1 Days of Operation Per Year: 3652 Volume of Sales (No. of Ice Blocks): 24 blocks/day 8,7603 Unit Cost of Ice Blocks, delivered (Pesos per Block) 1304 Retail Gross Profit Margin (% of Purchase Price): 25%5 Direct Labor Cost (% Commission of Sales): 2%6 Ice Cold Storage Operations Overhead Expensesa. Energy: Diesel Engine Fuel & Oil Consumption (Pesos Per Day) 158b. Miscellaneous Expenses (Pesos Per Month) 50c. Repairs & Maintenance Factor (% Per Annum of Fixed Assets) 15%d. Depreciation Factor (Average Economic Life in Years of Fixed Assets): 5B. FISH STORAGE/TRADING1 Days of Operation: 3652 No. of Cycles of Fish Buying/Trading @ 7 days/cycle 523 Volume of Sales (No. of Kgs) @: 1,000 kgs. per cycle 52,1434 Unit Buying Price of Fish, 1st Class (Pesos/Kg) 605 Wholesale Trading Gross Profit Margin (% of Buying Price): 50%6 Direct Labor Cost (% Commission of Sales): 2%
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Osho Olu Authentic

i want to invest in the business

reply05 / 20 / 2011
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