PART IV

FINANCIAL PLAN
This chapter presents the financial plan of the business. It contains the projected

cost of Sinful Sweets, and shows the income statement, cash flow, changes in equity,

balance sheet, and liabilities and partner’s equity.

Projected Cost of Flattywarma

Property, Plant and Equipment

Machinery and Equipment

Kitchen Utensils
Item Quantity Unit Cost Sub Total
Wooden Spatula 2 130 260
Strainer 1 150 150
Plastic Bowl 25 79 1975
Large Stainless Mixing Bowl 4 420 1680
Chopping Board 2 300 600
Chef Knife 2 1000 2000
Ice Cube Molder 2 99 198
Kithen Utensils Total: ₱6,863.00
Kitchen Equipment
Item Quantity Unit Cost Sub Total
Panini Press 1 3500 3500
Refrigerator 1 49995 49995
Glass Juice Dispenser 2 830 1660
Sink 1 2495 2495
Kitchen Equipment Total: ₱57,650.00
Machinery and Equipment Total: ₱64,513.00
 Furniture and Fixture
Item Quantity Unit Cost Sub Total
Paint (4liters/1 quantity) 1 2105 2105
Garbage Bin 1 749 749
Glass 1 3500 3500
Counter 1 5000 5000
Furniture and Fixture Total: ₱11,354.00
Furniture and Fixture Total: ₱11,354.00
Office Supplies
Item Quantity Unit Cost Sub Total
Ballpen 3 15 45
Paper (100pages/1quantity) 1 49 49
Calculator 1 349 349
Log Book (300pages/1quantity) 1 105 105
Receipt (100pages(1quantity) 1 99 99
Office Supplies Total: ₱647.00
Office Supplies Total: ₱647.00
Total Fixed Assets: ₱76,514.00

Working Capital

Pre-Operating Expenses
Installation Cost 4,000.00
Advertisement Expense 3,000.00
Permits and Licenses 2,000.00

TOTAL 9,000.00

Operating Expenses
Salaries and Wages 39,395.33
Inventory cost 3,500.00
Rent expense 15,000.00
Cost of Goods Sold 88,126.48
Utility Expense 6,000.00
Advertisement Expense 2,000.00
Repair and Maintenance 100.00

TOTAL 154,122.03

Total Production Cost 239,636.03

Source of Total Project Cost

Owner’s Initial Investment 240,000.00
 Income Statement

Pre-Operating Month 1 Month 2 Month 3 Month 4

Cash Inflows:
Collection from Customers - ₱182,422.00 ₱191,564.10 ₱201,142.31 ₱211,199.42
Owner's investment ₱240,000.00 - - - -
Total Cash Inflows ₱240,000.00 ₱182,422.00 ₱191,564.10 ₱201,142.31 ₱211,199.42
Cash Outflows:
Cost of Goods Sold - ₱88,126.48 ₱92,532.80 ₱97,159.44 ₱102,017.42
Purchase Equipment ₱64,513.00 - - - -
Purchase Furniture and Fixture ₱11,354.00 - - - -
Paid Salaries and Wages - ₱39,395.33 ₱39,395.33 ₱39,395.33 ₱39,395.33
Utility Expense - ₱6,000.00 ₱6,600.00 ₱7,260.00 ₱7,986.00
Installation Expense ₱4,000.00 - - - -
Advertisement Expense ₱2,000.00 ₱2,200.00 ₱2,420.00 ₱2,662.00 ₱2,928.20
License and Permit ₱2,000.00 - - - -
Repair and Maintenance - ₱100.00 ₱120.00 ₱144.00 ₱172.80
Total Cash Outflows: ₱83,867.00 ₱135,821.81 ₱141,068.13 ₱146,620.77 ₱152,499.75
Net Cash Flow ₱156,133.00 ₱46,600.19 ₱50,495.97 ₱54,521.53 ₱58,699.67
Cash on hand, Beginning: ₱156,133.00 ₱202,733.19 ₱253,229.16 ₱307,750.69
Cash on hand, ending: ₱156,133.00 ₱202,733.19 ₱253,229.16 ₱307,750.69 ₱366,450.36

Cash Flow

Month 1 Month 2 Month 3 Month4

Revenue
Sales Revenue ₱182,442.00 ₱191,564.10 ₱201,142.31 ₱211,199.42
Total Sales ₱182,442.00 ₱191,564.10 ₱201,142.31 ₱211,199.42
Less Expense:
Salaries and Wages ₱39,395.33 ₱39,395.33 ₱39,395.33 ₱39,395.33
Inventory Cost ₱3,500.00 ₱3,850.00 ₱4,235.00 ₱4,658.50
Advertising Expense ₱2,000.00 ₱2,200.00 ₱2,420.00 ₱2,662.00
Utility Expense ₱6,000.00 ₱6,600.00 ₱7,260.00 ₱7,986.00
Rent Expense ₱15,000.00 ₱15,000.00 ₱15,000.00 ₱15,000.00
Depreciation - Equipment ₱1,500.00 ₱1,450.00 ₱1,305.00 ₱1,174.50
Maintenance and Repair ₱100.00 ₱120.00 ₱144.00 ₱172.80
License and Permit ₱2,000.00 - - -
Cost of Goods Sold ₱88,126.48 ₱92,532.80 ₱97,159.44 ₱102,017.42
Total Expense ₱157,621.81 ₱161,148.13 ₱166,918.77 ₱173,066.55
Net Income: ₱24,820.19 ₱30,415.97 ₱34,223.53 ₱38,132.87
 Balance Sheet

Flattywarma
Balance Sheet
For the Year Ended December 31, 2008
Assets
Short Term Assets:
Cash ₱39,331.98
Inventory ₱182,422.00
Advertising Supplies ₱2,000.00

Total Short Term Assets: ₱223,753.98

Long Term Assets:

Furniture and Fixture ₱11,354.00
Equipment ₱64,513.00 ₱61,287.35
Less: Accumulated Depreciation ₱3,225.65

Total Assets ₱296,395.33

Liabilities and Owner's Equity

Liabilities

Utility Expense ₱6,000.00

Rent Expense ₱15,000.00
Salaries Payable ₱35,395.33
Total Liabilities ₱56,395.33
Owners Equity
Maniago, Capital ₱240,000.00
Total Liabilities and Owners Equity ₱296,395.33
 Standard Recipe Costing Card

Crispychix

STANDARD RECIPE COSTING CARD FOR FLATTYWARMA

Name of Dish/Recipe: Crispychix

Grams per servings: 140g Cooking Time: Total Time:
INGREDIENTS REQUIRED AS PURCHASED COST
Specification Quantity UOM Quantity UOM Unit Price Cost per unit Actual Cost Sub total
Breast Chicken Fresh (KCC) 1100 g 1.2 kg 224.00 0.22 246.40 268.80
White Onion Fresh (KCC) 300 g 0.32 kg 85.00 0.09 25.50 27.20
Cabbage Fresh (KCC) 340 g 0.36 kg 64.00 0.06 21.76 23.04
Bell Pepper Fresh (KCC) 120 g 0.13 kg 228.00 0.23 27.36 29.64
Tortilla Original Tortilla Wrap 1 pack (100g/20pc) 100 g 1 pack 60.00 0.06 6.00 60.00
Cheese Magnolia Quick Melt 1 pack (165g) 250 g 2 pack 89.64 0.54 135.82 179.28
All Purpose Cream Alaska 1 pack (250ml) 60 ml 1 pack 49.30 0.20 11.83 49.30
Garlic Powder SM Bonus 1 pack (50g) 35 g 1 pack 32.00 0.64 22.40 32.00
Mayonnaise Best Foods Mayo Magic1 pack (220ml) 220 ml 1 pack 45.65 0.21 45.65 45.65
Total Cost: 714.91
Number of Serves/Number of Portions: 20.00
Cost Per Serve: 35.75
Image/Notes % Food Cost: 0.51
Selling Price Per Serve: 70.09
Adjusted Selling Price Per Serve: 69.00
Profit Per Serve: 33.25

Crispytalong

STANDARD RECIPE COSTING CARD FOR FLATTYWARMA

Name of Dish/Recipe: Crispytalong

Grams per servings: 140g Cooking Time: Total Time:
INGREDIENTS REQUIRED AS PURCHASED COST
Specification Quantity UOM Quantity UOM Unit Price Cost per unit Actual Cost Sub total
Eggplant Fresh (KCC) 1100 g 1.2 kc 32.50 0.03 35.75 39.00
White Onion Fresh (KCC) 340 g 0.38 kg 85.00 0.09 28.90 32.30
Cabbage Fresh (KCC) 340 g 0.36 kg 64.00 0.06 21.76 23.04
Bell Pepper Fresh (KCC) 200 g 0.22 kg 228.00 0.23 45.60 50.16
Tortilla Original Tortilla Wrap 1 pack (100g/20pc) 100 g 1 pack 60.00 0.06 6.00 60.00
Cheese Magnolia Quick Melt 1 pack (165g) 250 g 2 pack 89.64 0.54 135.82 179.28
All Purpose Cream Alaska 1 pack (250ml) 60 ml 1 pack 49.30 0.20 11.83 49.30
Garlic Powder SM Bonus 1 pack (50g) 35 g 1 pack 32.00 0.64 22.40 32.00
Mayonnaise Best Foods Mayo Magic1 pack (220ml) 220 ml 1 pack 45.65 0.21 45.65 45.65
Total Cost: 510.73
Number of Serves/Number of Portions: 20.00
Cost Per Serve: 25.54
Image/Notes % Food Cost: 0.50
Selling Price Per Serve: 51.07
Adjusted Selling Price Per Serve: 49.00
Profit Per Serve: 23.46
 Crispyfish

STANDARD RECIPE COSTING CARD FOR FLATTYWARMA

Name of Dish/Recipe: Crispyfish

Grams per servings: 140g Cooking Time: Total Time:
INGREDIENTS REQUIRED AS PURCHASED COST
Specification Quantity UOM Quantity UOM Unit Price Cost per unit Actual Cost Sub total
Dory 1 pack (1kg) 1000 g 1 pack 165.00 0.17 165.00 165.00
White Onion Fresh (KCC) 340 g 0.38 kg 85.00 0.09 28.90 32.30
Cabbage Fresh (KCC) 480 g 0.34 kg 64.00 0.06 30.72 21.76
Bell Pepper Fresh (KCC) 200 g 0.22 kg 228.00 0.23 45.60 50.16
Tortilla Original Tortilla Wrap 1 pack (100g/20pc) 100 g 1 pack 60.00 0.06 6.00 60.00
Cheese Magnolia Quick Melt 1 pack (165g) 250 g 2 pack 89.64 0.54 135.82 179.28
All Purpose Cream Alaska 1 pack (250ml) 60 ml 1 pack 49.30 0.20 11.83 49.30
Garlic Powder SM Bonus 1 pack (50g) 35 g 1 pack 32.00 0.64 22.40 32.00
Mayonnaise Best Foods Mayo Magic1 pack (220ml) 220 ml 1 pack 45.65 0.21 45.65 45.65
Total Cost: 635.45
Number of Serves/Number of Portions: 20.00
Cost Per Serve: 31.77
Image/Notes % Food Cost: 0.55
Selling Price Per Serve: 57.77
Adjusted Selling Price Per Serve: 59.00
Profit Per Serve: 27.23

Cucumber Lemonade

STANDARD RECIPE COSTING CARD FOR FLATTYWARMA

Name of Dish/Recipe: Cucumber Lemonade

Grams per servings: 354ml/12oz Cooking Time: Total Time:
REQUIRED AS PURCHASED
INGREDIENTS COST
MEASURE QUANTITY
Unit Cost
Specification Quantity UOM Quantity UOM Actual Cost
Price per unit
Cucumber Lemonade Shang Cucumber Lemonade 1 pack (500g) 275 g 1 pack 155.00 0.31 85.25
Water Aquabest purified water 1 container (5 gallons18925ml) 10620 ml 2 bot 22.00 0.00 12.35
Total Cost: 97.60
Number of Serves/Number of Portions: 30.00
Cost Per Serve: 3.25
Image/Notes % Food Cost: 0.3
Selling Price Per Serve: 10.84
Adjusted Selling Price Per Serve: 12.00
Profit Per Serve: 8.75

Watermelon Juice

STANDARD RECIPE COSTING CARD FOR FLATTYWARMA

Name of Dish/Recipe: Watermelon Juice

Grams per servings: 354ml/12oz Cooking Time: Total Time:
INGREDIENTS REQUIRED AS PURCHASED COST
Unit Cost
Specification Quantity UOM Quantity UOM Actual Cost
Price per unit
Watermelon Shang watermelon1 pack (500g) 275 g 1 pack 155.00 0.31 85.25
Water Aquabest purified water 1 container (5 gallons18925ml) 10620 ml 2 bot 22.00 0.00 12.35
Total Cost: 97.60
Number of Serves/Number of Portions: 30.00
Cost Per Serve: 3.25
Image/Notes % Food Cost: 0.3
Selling Price Per Serve: 10.84
Adjusted Selling Price Per Serve: 12.00
Profit Per Serve: 8.75
 Sales Mix

Daily Sales Mix

Dish Orders Sold Sales Percentage

Crispychix 33 2277 32.45
Crispytalong 33 1617 23.04
Crispyfish 33 1947 27.75
Cucumber Lemonade 49 588 8.38
Watermelon Juice 49 588 8.38
Total: 197 ₱7,017.00 100%

Monthly Sales Mix

Dish Orders Sold Sales Percentage
Crispychix 858 59202 32.45
Crispytalong 858 42042 23.04
Crispyfish 858 50622 27.75
Cucumber Lemonade 1274 15288 8.38
Watermelon Juice 1274 15288 8.38
Total: 5122 ₱182,442.00 100%

NPV

Flattywarma
Net present Value

Period (yearly) Cash Flow Net Present Value

0 P 240,000 (outflow)
1 312,074 (inflow) 293,302.38
2 327,640 (inflow) 307,931.97
3 344,022 (inflow) 323,328.57
4 361,223 (inflow) 339,495.00
5 379,283 (inflow) 356,468.98
1,620,526.91
Total initial investment 240,000.00
Net present value 1,380,526.91
Break-Even Point

₱69,395.33
BP= = 0.38
₱182,442.00

Return of Investment

₱24,820.19
ROI = = 0.10
₱240,000.00