Final

A PROPOSED GENERAL CLEANING AND LAUNDRY SERVICES FOR
APARTMENTS IN CEBU CITY
A PROJECT FEASIBILITY PRESENTED TO
THE FACULTY OF THE COLLEGE OF COMMERCE
UNIVERSITY OF SAN JOSE – RECOLETOS
CEBU CITY PHILIPPINES
IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS OF THE DEGREE
BACHELOR OF SCIENCE IN MANAGEMENT ACCOUNTING
BY
MATHEW ANTHONE L. DAUSIN JESSA MAE S. PEREZ
AIRES S. JUGALBOT GEONICA C. CANDONGO
KATHLEEN JOY A. NEPOMUCENO ROSALIE ESCOREAL
MARCH 2018
APPROVAL SHEET
This Project Feasibility Study entitled “A Proposed General Cleaning and Laundry
Services for Apartments in Cebu City”, prepared and submitted by Mathew Anthone
L. Dausin, Aires S. Jugalbot, Kathleen Joy A. Nepomuceno, Jessa Mae S. Perez,
Geonica C. Candongo, Rosalie Escoreal in partial fulfillment of the requirements for the
degree of Bachelor of Science in Management Accounting, is hereby accepted and
recommended for Oral Examination.
MS. MERADEL M. COSTAN, CPA
Adviser
ACCEPTED as partial fulfillment of the requirements for the Degree of Bachelor of
Science in Management Accounting.
DR. EDGAR R. DETOYA, CPA
Dean, College of Commerce
APPROVED by the Tribunal at the Oral Examination with the grade of __________
Ms. Jasmine Perez, CPA Mr. Alejandro Galang, MMExM

Member Member
Ms. Kristine June Uy, CPA

Chairperson
ACKNOWLEDGEMENT
This Project Feasibility is the fruit of hard work and dedication of the proponents
whose barriers became their most powerful asset as they worked together. The
collaboration of different individuals and the members made this study a success. On that
account, the proponents would like to express their sincerest gratitude to countless
names who made this study into realization.
To the Almighty God, for enlightening the minds of the members with His
everlasting wisdom, and glory. Everything would seem impossible without Him.
To Ms. Meradel M. Costan, the adviser and guide of the proponents or
researchers, for all the time, patience, knowledge, and insights that drive the members to
their full capabilities.
To the respondents, who enthusiastically shared their precious time in satisfying
the crucial information for the study and to the tenants or owner and land lady of the
apartments that are keen in helping the proponents in gathering the data needed.
To the panelists, who willingly reached out a helping hand despite of the hectic
schedules.
To the Perez family for the accommodation, hospitality, food and other needs that
they have offered for the proponents or researchers in the span of their study.
To the proponents, who have given out their blood and sweat in making this
feasibility study be possible and successful within the given time.
And last but not the least, to the family and friends of the proponents or
researchers, whose support and guidance inspired them in performing their best to the
completion of the Feasibility Study, as well as providing both financial and emotional
support, paved the way to the success of this study.
MATHEW ANTHONE L. DAUSIN
AIRES S. JUGALBOT
KATHLEEN JOY A. NEPOMUCENO
JESSA MAE S. PEREZ
GEONICA C. CANDONGO
ROSALIE ESCOREAL
Researchers or Proponents
TABLE OF CONTENTS
EXECUTIVE SUMMARY
CHAPTER PAGE NO.
I. THE PROBLEM AND ITS SCOPE
INTRODUCTION 1
Rationale of the Study
STATEMENT OF THE PROBLEM 3
SIGNIFICANCE OF THE STUDY 3
RESEARCH DESIGN 5
Research Environment
Research Respondents
Research Methodology and Instruments
DEFINITION OF TERMS 6
II. TECHNICAL ASPECT
SERVICE DESCRIPTION 9
SERVICE FLOW 10
TOOLS, MACHINERY, AND EQUIPMENT 12
SERVICE SCHEDULE/ CAPACITY 18
SERVICE LOCATION 22
OFFICE LAYOUT 24
UTILITIES 24
III. MARKETING ASPECT

TARGET MARKET 26
METHODS OF DATA COLLECTION 27
POPULATION OF TARGET MARKET AND RESPONDENTS 27
DEMAND 31
PROJECTED ANNUAL DEMAND 33
SUPPLY 36
POTENTIAL MARKET SHARE 38
MARKETING STRATEGY 39
Advertising and Promotion
Company Logo 40
IV. MANAGEMENT ASPECT
MANAGEMENT DURING THE PRE-OPERATING PERIOD 42
Project Timetable
MANAGEMENT DURING THE OPERATING PERIOD 47
Form of Business Organization
Organizational Structure 48
Personnel
Job Specification and Qualification 50
Working Schedule 51
Recruitment Program 54
Compensation 55
Employee Benefits 56
Management Policies and Regulations 58

Violations and Sanctions 60
V. LEGAL AND TAXATION ASPECTS
LEGAL ASPECT
Registration of Business Name 62
Procurement of Business Permits and Licenses 64
Registration with the Bureau of Internal Revenue 65
Application for Social Security System Membership 65
TAXATION ASPECT
Income Taxes 67
Percentage Tax 67
Annual Registration Fee 68
VI. FINANCING ASPECT
SOURCE OF FINANCING 70
ESTIMATED PROJECT COST 70
NOTES TO ESTIMATED PROJECT COST 71
VII. FINANCIAL ASPECT
GENERAL ASSUMPTIONS 77
PROJECTED STATEMENT OF FINANCIAL PERFORMANCE 83
PROJECTED STATEMENT OF FINANCIAL POSITION 84
PROJECTED STATEMENT OF CASH FLOWS 85
PROJECTED STATEMENT OF CHANGES IN EQUITY 87
FINANCIAL SCHEDULES 88
FINANCIAL STATEMENT ANALYSIS 111

Current Ratio 111
Equity Ratio 112
Debt – Equity Ratio 113
Return on Sales 114
Return on Investment 115
Payback Period 116
SENSITIVITY ANALYSIS 117
VIII. SOCIO – ECONOMIC DESIRABILITY 128
SECTORS IDENTIFIED
SCHEMATIC DIAGRAM 131
IX. STRENGHTS, WEAKNESSES, OPPROTUNITIES, 132
THREATS ANALYSIS
X. SUMMARY, FINDINGS, CONCLUSION, 133
AND RECOMMENDATIONS
BIBLIOGRAPHY
APPENDICES
CURRICULUM VITAE
LIST OF TABLES
Table No. Title Page No.
1 Service Capacity for Household and Restroom 19
2 Service Capacity for Laundry 20
3 ` Service Capacity for Household after 2 years 20
4 Service Capacity for Laundry after 2 years 21
5 Total Occupation of Respondents 26
6 Frequency of Cleaning Their Room 27
7 Willingness of the Respondents 28
8 Preferred Day for the service 29
9 Preferred Services to Avail by the Respondents 29
10 Preferred Rate 30
11 Daily Demand for Cleaning Restroom Service 31
12 Daily Demand for Cleaning Household Service 31
13 Annual Projected Demand for Restroom and Household 32
14 Daily Demand for Laundry 32
15 Annual Projected Demand for Laundry Service 32
16 Projected Demand 33
17 Projected Supply 34
17.1 Competitor’s share 35
18 Projected Demand – Supply Gap 35
19 Potential Market Share 36
20 Cleaning Service Schedule 52

21 Laundry Service Schedule 53
22 Employee Compensation 55
23 Estimated Projected Cost 70
24 Gantt Chart 43
25 Cleaning Service Schedule 51
26 Laundry Service Schedule 52
27 Compensation 54
28 Violations and Sanctions 59

LIST OF FIGURES
Figure No. Title Page No.
1 Service Flow Chart 10
2 Cloth 11
3 Duster 11
4 Sponges 11
5 Toilet brush 12
6 Mop 12
7 Rubber gloves 12
8 Broom 12
9 Dustpan 13
10 Cleaning Supply Cart 13
11 Trash bag 13
12 Cleaning supplies 13
13 Combo washer dryer 14
14 Cabinets/racks 14
15 Basket 15
16 Weighing scale 15
17 Laundry supplies 15
18 Table 15
19 Telephone 15
20 Computer 16
21 Office supplies 16
22 Vehicle L300 16
23 Uniform – cleaning workers 17
24 Uniform – laundry workers 17
25 Schedule 1 18
26 Schedule 2 18
27 Yearly computation (household) 19
28 Yearly computation (laundry) 20
29 Location 22
30 Office View 22
31 Office Lay – out 23
32 Business Logo 39
33 Gantt chart 43
34 Organizational Chart 48
35 Violations and Sanctions 60
36 Socio-Economic Desirability 131
37 SWOT Matrix 138

LIST OF NOTES
Note No. Title Page No.
1 Project Feasibility Cost 71
2 Permits and Licenses 71
3 Furniture and Fixtures 72
4 Machineries and Office Equipment 72
5 Production Supplies 73
6 Salaries and Wages 74
7 Rent Expense 74
8 Office Supplies 74
9 Utilities Expense 75
LIST OF SCHEDULES
Schedule No. Title Page No.
1 Projected Annual Revenue 88
1.1 Comfort Room Services 88
1.2 Household Services 88
1.3 Laundry Services 89
2 Salaries Expense 89
2.1 Service Employee 90
2.2 Office Employee 90
2.3 13th Month Pay 91
3 Employer’s Contribution Expense 91
3.1 SSS Contribution Breakdown 92
3.2 Philhealth Contribution Breakdown 94
3.3 PAG-IBIG Contribution Breakdown 96
4 Production Supplies 97
5 Office Supplies 98
6 Furnitures and Fixtures,net 99
7 Machineries and Office Equipment, net 100
8 Utilities Expense 100
9 Rent Expense 101
10 Prepaid Rent 101
11 Security Deposit 102
12 Repairs and Maintenance Expense 102

13 Depreciation Expense 103
14 Accrued Utilities Expense 103
15 Accrued PAG-IBIG payable 104
16 Accrued Philhealth payable 105
17 Accrued SSS payable 106
18 Accrued Salaries payable 107
19 Accrued Percentage tax payable 107
20 Permits and Licenses 108
21 Project Feasibility Cost 109
22 Income Tax Expense 110

LIST OF APPENDICES
Appendix No. Title
Letter to Barangay Captain
Letter to Panelist
Questionnaire
Contract of Agreement
Appendix A Business Name Application Form For Sole
Proprietorship
Appendix B Barangay Clearance
Appendix C Mayor's Permit
Appendix D SSS Employer Registration (R-1)
Appendix E SSS Employment Report (R -1A)
Appendix F SSS Personal Record (E-1)
Appendix G SSS Contributions Payment Return (RS-5)
Appendix H Philhealth Member Registration Form (PMRF)
Appendix I Employer Data Record (ER 1)
Appendix J Philhealth Report of Employee-Members (ER 2)
Appendix K Philhealth Employer's Remittance Report (RF-1)
Appendix L PAG-IBIG Membership Registration Form (MRF)
Appendix M PAG-IBIG Member's Data Form (MDF)
Appendix N Monthly Remittance Return of Creditable Income Taxes
Withheld (Expanded) (1601-E)
Appendix O Monthly Percentage Tax Return (2551M)

Appendix P Application for Registration (1901)
Appendix Q Payment Form (0605)
Appendix R Application for Authority to Print Receipts and Invoices
(1906)
EXECUTIVE SUMMARY
Apartment is a room or suite of rooms designed as a residence and generally
located in a building occupied by more than one household. Some people find it more
convenient living in an apartment according to their necessity such as for maintenance,
community, safety, lower responsibility, amenities, and accessibility. Having an apartment
in the city means it would be a few meters from everything you need. The people living in
the apartment wanted convenience to lessen their burden. Mostly, they lack time on doing
their daily routine task like cleaning the room and washing their clothes because of their
strict schedules. The alternative available for them are to hire residential cleaner and
laundry wash provider rather than giving them the chance to invest their energy in
routinely activities that requires their minimal time. The proponents decided it to be an
opportunity to conduct a study about investing in a business in line with their needs. They
come up with the objectives to promote cleanliness for the health benefit and to address
the concern of tenants especially employees and students who seek convenience for not
having enough time due to activities that demands more of their time. The proponents
have chosen a group of women in Pasil, Cebu City who wanted to be employed in order
for them to have income for their daily expenses which is the aim of the proponents as a
contribution to the growth of our community. For the convenience of the employees, the
proponents decided to locate their main office which operates from 8 am to 5 pm in Pasil,
Cebu City. The proponents choose three apartments in Cebu City because it is accessible
to the workers. Thus, the proponent have decided that it would be effective to conduct a
feasibility study entitled “A Proposed General Cleaning and Laundry Services for
Apartments in Cebu City”.

The Problem and its scope |1
CHAPTER 1
THE PROBLEM AND ITS SCOPE
INTRODUCTION
The rationale of the study
The apartment is a room or suite of rooms designed as a residence and
located in a building occupied by more than one household. Convenience and
necessity are some of the reasons why people consider staying in an apartment.
Some would even consider staying in the apartment for maintenance, safety,
lesser responsibility, amenities, and for accessibility. An apartment in the center
means you’ll be just a few meters away from satisfying every need you may have.
Apartment owners even consider a home.
People living in an apartment or what they call tenants want convenience to
lessen their burden knowing most tenants are employees and students. The type
of individuals who experienced tight schedules. Tight in a way that their
responsibilities demand much of their time living some of their works left undone
compromising their time for their chores, and duties. Hiring residential cleaners
and availing laundry services would be their alternative to address such concerns
rather than doing things by themselves. With their minimal time for routinely
chores, these available alternatives would already constitute a big help. It is the
opportune time to conduct a study about investing in a business like that. Thus,
the proponent has decided to perform a feasibility study entitled “A Proposed
General Cleaning and Laundry Services for Apartments in Cebu City.”

To promote cleanliness for health benefit and to address the concern of the
tenants of not having enough time for routinely activities are two of the proponents’
objective of why conducting such study. Employees and students seek
convenience; as such, they are the major target market of the study. To be
successful, it should have a team of reliable cleaners and washer. Employees who
have just about the same passion for the business. With the aim of the proponents
to also employ for a contribution to the growth of our community, group of women
in Pasil, Cebu City are employed for income generation to help sustain for their
daily expenses. As a requirement, a worker should possess the character of being
trustworthy, dedicated, and professional.
The business offers comfort room, living room, and laundry services. In the
conduct of the service the tenants’ privacy, security, and assets are considered.
Measures and protocols are laid down to ensure quality service. Hence, the
proponents reassure that employees are trustworthy. To make sure an appropriate
conduct of service proponents prepares control management that about the rules,
legal aspects and consequences for misconduct of the business to surely respond
to the need of the tenants. The study, proponents, and employees exist to attract
and maintain loyalty from tenants.
STATEMENT OF THE PROBLEM
This study aimed to respond the lack of time of tenants for routinely activities
by providing general cleaning and laundry services. Particularly, answer the
following queries:
1. Proposed project feasibility in the following aspects:
1.1 Management
1.2 Marketing
1.3 Technical
1.4 Legal and Taxation
1.5 Financing
1.6 Financial
1.7 Socio-Economic Desirability
2. With the proposed project, what finding can be drawn out to make it
more efficient and effective?
SIGNIFICANCE OF THE STUDY
The importance of this study is to give knowledge and reference to future
researchers who wish to engage in the same type of service or enhance the studies
made by proponents and to offer convenient to the tenants, government,
proponents, and future researchers/readers. Benefits attained by the said sectors
from this study and its results are discuss as follows:
Tenants
It is intently for the tenants being the main target of this study. The time for
routinely activities will not anymore bother them. Comfort room, living room, and
laundry are the services they could avail. Also, it can help them in their time
constraint in doing some important things.

Government
The information related to this study will be used to evaluate the study’s
effect on the community. Through checking the demand stipulated, if met,
conclusions can be drawn out to know how efficient and effective the study is.
Proponents
Best effort, time and knowledge were invested by the proponents to
accomplish their proposed research. In the course of their study, the proponents
developed the values of understanding, patience, and cooperation. To provide an
opportunity for work was what the proponents made sure to offer.
Future researchers/readers
The study will serve as a reference for future researchers who would show
same interest in the research.
RESEARCH DESIGN
A research design is a systematic plan that the proponents used to study
the different components of the proposed study. It involves the target market,
instruments that the proponents used and the respondents of the study.
Research Environment
The proponents will make use of surveys into its target market to determine
the feasibility of the proposed study. The scope of the study covered 110 units of
Apartments in Cebu City.

Research Respondents
The proposed study covers respondents from the tenants in the Apartments
in Cebu City where in most respondents are the employees and students.
Research methodology and instruments
This study used the descriptive-survey method in conducting the research.
An intensive questionnaire was prepared by the proponents to gather information
relevant to the study. Moreover, appropriate interviews were also conducted to
collect more data from the respondents. Comprehensive researches and
additional data pertinent to the study were also accumulated from the internet to
support the study.
DEFINITION OF TERMS
In the course of the study different terms have been used, with that definition
of the unfamiliar words are provided;
1. Amenities
Any feature that provides comfort, pleasure, or convenience such as
convenience store and laundry facilities directly on the residents that
live within the premises.
2. Assets
Something valuable that an entity owns.

3. Descriptive – survey method
In survey method research, participants answer questions
administered through interviews or questionnaires. After participants
answer the questions, researchers describe the responses given. In
order for the survey to be both reliable and valid it is important that the
questions are constructed properly. The questions were written for
better understanding and clearer comprehension of the respondents.
4. Intensive
Concentrated on a single area or subject or into a short time; very
thorough or vigorous.
5. Invest
Provide or endow someone or something with a particular attribute.

Technical Aspect |7
CHAPTER II
TECHNICAL ASPECT
The fundamental and operation flow of the project is discuss thoroughly in
this chapter where deemed essential for this study because this factor responds
to the technicalities and the basic structure of the study.
All aspects are to be deliberated thoroughly for the service to be
appropriately exposed in the market and attract the target market. Every part of
the study must be taken into consideration for the business operation to have a
favorable result.
The technical aspect is also considered as the framework of the study since
it involves all the information from where and to how the service is administered. It
would help the proposed study to be more precise and to prevent failures.
This chapter contains the important data that would support the proposed
study. It also indicates how to manage and render it in the most constructive way.
In addition, this chapter also entails the service flows, designs, materials, tools,
equipment, and utilities that are used in the execution of the study. The capacity
of the service, location to which the service is to be rendered and the layout of the
structures are also provided.
The technical aspect’s objective is to check the viability of the proposed
study and can likewise be a reference for the fulfillment of the project. It is a
Technical Aspect |8
requisite to fully follow the technical aspects of the proposed study to prevent any
unpleasant result.
SERVICE DESCRIPTION
The proposed study is entitled “Proposed General Cleaning and Laundry
Services for Apartments in Cebu City.”
This study intends to provide general cleaning and laundry services,
especially those who lack time for cleaning their rooms and for washing their
clothes in the apartment. What the proponents aim of this study is to promote
cleanliness for the well-being of each person in the apartment building and provide
an open opportunity for work to unemployed moms in Pasil, Cebu.
For the comfort and satisfaction of the customers, the proponents decided
to offer specific services for general cleaning to lessen its price. Both cleaning for
comfort room and living area are offered.
The business will operate for the whole week. As a starting business, the
laundry service is only limited to the tenants in apartments for exclusivity.
SERVICE FLOW
The proponents proposed general cleaning and laundry services laid down
the following steps to avail the services:

Technical Aspect |9
1. The assigned workers for the day will gather at the main office situated at
Pasil, Cebu City.
2. At the same time, the operation officer assigns the workers to their
designated apartment and rooms.
3. The operation officer together with the workers for cleaning and laundry
travels to the apartment bringing with them the necessary equipment.
4. Upon the arrival to the Apartment, the operations start at eight (8) a.m. until
five (5) p.m. It has 1 hour and 30 minutes allocated to each apartment unit
and a 10-minute break after every apartment unit finished. For the lunch
break, the proponents allocated 1 hour and 10 minutes.
5. As the household and restroom cleaning services start, the laundry workers
pick-ups the laundry from the apartment units. The operations officer
together with the laundry workers travels back to the office for the start of
washing.
6. To ensure the operations, the operation officer will travel back to the
apartment to track and oversee each room.
7. As the household and restroom cleaning services end, the operation officer
is tasked to collect the money to each assigned room with the official receipt
given.
8. At the end of the month, list of transactions will be given to the apartment
owner for the commission.

T e c h n i c a l A s p e c t | 10
Service flow chart
• Gathering of workers at the main office and preparation of cleaning

materials to be brought to the apartment.
• The operation officer assigns the workers to their designated

apartment and rooms
• Arrival to the venue. Start of cleaning services.
• Start of Laundry Services
• The operations officer together with the laundry workers travels

back to the office for the start of laundry.
• The laundry workers pick-ups the laundry from the apartment units.
•The operations officer travels back to the Apartment for tracking each room
to ensure the operations are done well.
•End of household and restroom cleaning services. The operation officer

collects money from the assigned room with the official receipt given.
•End of laundry services. The workers prepares the finished laundry to be

pack and will be delivered by tomorrow.
Figure 1
TOOLS, MACHINERIES, AND EQUIPMENTS
There should be certain tools and equipment to promote efficient and
effective conduct of the proposed business and to carry out its business operation.
The following are the tools and equipment used for the operation of the study.
For Cleaning
Cloth
It is commonly used to absorb water and oils.
Figure 2
Duster
It is an implement used for cleaning and one that
removes dust
Figure 3
Sponges
It is a tool or cleaning aid consisting of soft, porous
material.
Figure 4
Toilet brush
It is a tool for cleaning a toilet bowl.
Figure 5
Mop
It is the best mop you will ever use. It allows you to
clean smarter not harder.
Figure 6
Rubber gloves
It protects your hands while cleaning, especially when using
acid-based cleaners or if you suffer from skin sensitivity.
Figure 7
Broom
It is a long-handled brush of bristles or twigs used for
sweeping.
Figure 8
Dustpan
It is a flat handheld receptacle into which dust and waste can
be swept from the floor.
Figure 9
Cleaning Supply Cart
It is a movable storage system that is mounted on casters
for easy transport of housekeeping tools and cleaning
supplies.
Figure 10
Trash bag
It is a disposable bag used to contain rubbish
trash or garbage.
Figure 11
Cleaning Supplies
They are substances used to remove dirt, including
dust, stains, bad smells, and clutter on surfaces. They
are consumables used in cleaning.
Figure 12
For Laundry
Combo washer dryer
It is a combination in a single cabinet of a washing
machine and a clothes dryer.
Figure 13
Cabinets /racks
It is where the clothes are stored after washing and
drying.
Figure 14
Basket
It is a basic accessory when ironing the clothes.
Figure 15
Weighing scale
It is used to measure the weight of the clothes.
Figure 16
Laundry Supplies
They are consumables used for cleaning laundry.
Figure 17
For Office
Table
It is a table or counter, as in a library or office, at
which a specific job is performed or a service
offered.
Figure 18
Telephone
It is a telecommunications device that permits two or
more users to conduct a conversation when they are
too far apart to be heard directly.

Figure 19
Computer
It is a device that accepts information (in the form
of digitalized data) and manipulates it for some
result.
Figure 20
Office Supplies
They are consumables regularly used in offices.
Figure 21
Vehicle L300
It is used for transportation of workers.
Figure 22
UNIFORM
It is a type of clothing worn by workers.
Figure 23 Figure 24
SERVICE SCHEDULE
To prevent misunderstanding, the proponents design a schedule of
activities to be done. It is highly expected that the schedule shown below must be
followed strictly to be productive.

HOUSEHOLD AND CLEANING SERVICE
TIME FRAME SCHEDULE ACTIVITY

07:00-07:30 AM Gathering of workers
Preparing of necessary materials
07:30- 08:00 AM Going to apartments
08:00-12:50 PM Start of cleaning
12:50- 02:00 PM Lunch break
02:00- 05:00 PM Start of cleaning
Schedule 1
Figure 25
LAUNDRY SERVICE
TIME FRAME SCHEDULE ACTIVITY
07:00-07:30 AM Gathering of workers
Preparing of necessary materials
07:30- 08:00 AM Going to apartments
08:00- 08:30 AM Collecting clothes
08:30- 09:00 AM Going back to office
09:00- 12:00 PM Start of laundry
12:00- 01:00 PM Lunch break
01:00- 04:00 PM Start of laundry
04:00- 05:00 PM Start of packing laundry
Schedule 2
Figure 26
Service Capacity
The process of determining the service capacity needed by an organization
is service planning in which case it meets the changing demand of its services.
Effective capacity is the highest level of work that an organization is capable of
accomplishing a certain work in a given period of time. Proper observation on the
efficiency and quality management should be implemented. The management
should impart a thorough and careful attention on this aspect to achieve the
objective and goals of the business. Part of competent and excellent management
is the verification of the capacity to meet the demands of the customers. Thus, to
attain such progress, the production capacity must be carefully and extensively
ascertained.
The total employees for each day depends on the demand of the cleaning
services. In connection to laundry operation, the availability depends on the
employees of that day.
Household and Restroom

Employee Monday Tuesday Wednesday Thursday Friday Saturday Sunday Total
1 5 5 5 5 5 5 5 1680
2 5 5 5 5 5 5 5 1680
3 5 5 5 5 5 5 5 1680
4 5 5 5 5 5 5 5 1680
6720
Table 1
For household and restroom cleaning services, each employee can render
both household and restroom services for 5 apartment units in a day. The figure in
table 1 above explains the total capacity of each employee in a year is 1680. It is
computed and shown in figure 27.
Apartment units in a day 5

Number of days 7
In a week 35
Number of weeks 4
In a month 140
Number of months 12
In a year 1680
Figure 27
Laundry Employees
6 24 24 24 24 24 24 24 8,064
7 24 24 24 24 24 24 24 8,064
8 24 24 24 24 24 24 24 8,064
24,192
Table 2
For laundry services, the capacity of one washing machine is 6 kilograms
with 4 laundry processes in a day. The figure in table 2 above explains the total
capacity of one washing machine in a year is 5760. It is computed and shown in
figure 28.
Clothes laundry in a day 24

Number of days 5
In a week 120
Number of weeks 4
In a month 480
Number of months 12
In a year 5760
Figure 28
Due to the increase in demand for the year 2021 onwards, the proponents
decided to employ 2 more workers.

Household and Restroom
1 5 5 5 5 5 5 5 1,680
2 5 5 5 5 5 5 5 1,680
3 5 5 5 5 5 5 5 1,680
4 5 5 5 5 5 5 5 1,680
5 5 5 5 5 5 5 5 1,680
6 5 5 5 5 5 5 5 1,680
10,080
Table 3
Laundry Employees
7 24 24 24 24 24 24 24 8,064
8 24 24 24 24 24 24 24 8,064
9 24 24 24 24 24 24 24 8,064
24,192
Table 4
The cleaning service has two options either cleaning for restroom or
household. Cleaning for restroom and household require 1 hour of service. Since
it has the same capacity in a week which is computed and shown in Table 1 and
Figure 27.
The minimum demand for laundry services is 4 kilograms for each
apartment. To finish one laundry cycle, 6 kilograms can be finish for 1 hour and 30
minutes. That would 24 kilograms in a day found in Table 2 and Figure 28.
SERVICE LOCATION
Location is one of the essential factors that dictate your business. It helps
increase your expected profit depending on its needs and wants of the specific
target market. Before we choose our service location, we consider different factors
like travel time, rush hour traffic, the price of rent and security.
We choose our location because of the following reasons:
 Accessibility to our workers living in Pasil, Cebu City
 Security
 Only minutes away to our target market

 Light traffic on the way to our target market
Figure 29
Proposed Office Site: Sto. Niño St., Cebu City, Cebu
Figure 30
Our main office is located at Sto. Niño St., Cebu City, Cebu. The rental rate
of the office is Php 8,500 per month.

Office Layout
Figure 31
UTILITIES
The use of utilities plays a vital role in different instances. It is one of the key
factors in ensuring its success. The needed facilities are the following:
Water
Water is essential in so many ways. In the operation, washing and
for cleaning are the uses of the water. The Metropolitan Cebu Water District
(MCWD) will be the one to provide for the water. Its water quality has been
approved by the Department of Health (DOH) with regards to the safety and
health measures.
Electricity
Electricity is crucial in operation. Without it, the functions can no
longer be capable of extending service. The use of machinery and
equipment will not be realizable if there is no electricity. The electricity will
be provided by the Visayan Electric Company (VECO) which has been
consistent in supplying throughout the city.
Telecommunication
Communication takes a massive part in the world. It will serve as a
bridge between the Customers and the housekeepers. It is a competitive
advantage to have many means of communicating with the housekeepers.
Landlines can be used to entertain them efficiently. The Philippine Long
Distance Telecommunications (PLDT) will be the internet provider.
Internet
Internet plays an important role for our proposed study. It helps us
advertise through our website online and gathers more apartments which
are interested. Philippine Long Distance Telephone Company (PLDT)
would be our provider for such utility.

M a r k e t i n g A s p e c t | 25
CHAPTER III
MARKETING ASPECT
The marketing aspect is considered to be one of the most important aspects
in the business since it contributes greatly to the success of the organization. It is
the process of perceiving, understanding, stimulating and satisfying the customers’
needs, wants and expectations through the conduct of the service specially
selected target market which is better than the competitors.
Marketing aspect needs to have a thorough analysis in order for the
business to prosper. It includes conceptualizing, pricing, promoting and distributing
the proposed service. It also aims to investigate the data on supply and demand
basing on the impact affecting these factors.
The proponents conducted a survey in order to meet the objectives of the
study. This was done in order to obtain the needed information, which would help
determine the viability of the proposed project.
Target Market
A well-defined target market is an important aspect of the marketing
strategy. The target market is a group of consumers at which a company aims its
products or services. It is important to identify well its customers to enable the
business to develop an effective strategy that will surely give the customer’s
satisfaction.
The target market for the Proposed General Cleaning and Laundry Services
for Apartments in Cebu City are only the occupants of the identified
Apartment which includes (1) Kim Tons Apartment, (2) Femanel Apartment
and (3) Ceddarwood Apartment.
Methods of Data Collection
Data collection enables the proponents to come up with an analysis and
decision. In order to gather information with regards to the feasibility study, the
proponents distributed questionnaires to the respondents which will serve as viable
information for the proposed service.
Population of the target market and Respondents
The population of three apartments in Cebu City is presented in the
following table.
Total Occupation of Respondents in all Identified Apartments
n = 110
CATEGORY RESPONDENTS PERCENTAGE
Student 41 37%
Worker 30 27%
Professional 35 32%
Others 4 4%
Total 110 100%
Table 5
Based on the table 6, 41 out 110 (37%) are students, 30 out of 110 (27%)
are workers, 35 out of 110 (32%) are professionals and 4 out of 110 (4%) has no
occupation. So majority of the respondents are students.
Frequency of Cleaning Their Room
n = 110
FREQUENCY RESPONDENTS PERCENTAGE
Everyday 26 24%
Once a week 50 45%
Every weekend 34 31%
Once a month 0 0%
Total 110 100%
Table 6
Table 7 shows that out of 110 respondents, 50 out of 110 (45%) of them
cleaned their room once a week, followed by every weekend 34 out of 110 (31%)
and everyday 26 out of 110 (24%).

Willingness of the Respondents to Avail the Proposed General Cleaning
and Laundry Services
n = 110
RESPONSES RESPONDENTS PERCENTAGE
Very Interested 55 50%
Interested 31 28%
Average 7 6%
Not Interested 17 16%
Total 110 100%
Table 7
As shown in table 8, half of the total respondents are very interested to avail
the general cleaning services while 31 or 33% are interested, 17 or 18% are not
interested and 7 or 8% are average. In order to come up with the willingness rate
of the respondents, we get the total sum of responses very interested, interested
and average which is equivalent to 93%. This rate will be the basis to compute the
projected demand.
Preferred Day for General Cleaning and Laundry Services to be rendered
DAYS RESPONDENTS
Monday 17
Tuesday 17
Weekdays Wednesday 20
Thursday 17
Friday 18
Saturday 18
Weekends
Sunday 28
Table 8
Table 9 shows that out of the days in a week, the respondents preferred the
service to be rendered on Sunday (21%) followed by Wednesday (15%), Friday
(13%) and Saturday (13%) and also, Monday (13%), Tuesday (13%), and
Thursday (13%).
Preferred Services to be availed by the Respondents
SERVICES RESPONDENTS PERCENTAGE
Comfort Room Cleaning Service 84 90%
Laundry Service 81 87%
Household Cleaning Service 70 75%
Table 9
Preferred rate that respondents are willing to pay
SERVICES RESPONSES RESPONDENTS PERCENTAGE
70 pesos 69 82%
Comfort Room Cleaning
Service 75 pesos 10 12%
n = 84
80 pesos 5 6%
40 per kilo 71 88%

Laundry Service
45 per kilo 6 7%
n = 81
50 per kilo 4 5%
70 pesos 58 83%
Household Cleaning Service
75 pesos 7 10%
n = 70
80 pesos 5 7%
Table 10
As shown on the table above, for comfort room cleaning service the
respondents preferred to pay 70 pesos, for laundry service at 40 pesos per kilo
and for household cleaning at 70 pesos.
Demand
Demand is the key factor why the business still exists. Demand is the
number of prospective customers that are willing to buy goods or to avail services
at a given price at a given set of assumptions about the product and the
environment in which it is being offered.
To determine the projected demand for the next five (5) years the projected
population of the Apartments need to be computed using the past years’ population
as the bases.
For their 3 years of operation there is no increase nor decrease on the
population of apartment since the start of their operation, 2014. Thus, the average
population is constant based on the standard capacity of the apartment. Thus on
an annual basis the population will be 110 units.
Projected Demand
The projected demand is necessary in the study because it will tell the
condition of the business if it will be implemented. The projected demand of the
general cleaning service is provided below.
Table 11 Table 12
Note that the projected demand of 84 for restroom and 70 for living room
(see table 10) only pertains to units who will avail for the service. Table 11 and 12
illustrates in details the demand of service on daily basis.

The projected demand for household and comfort rooms will be stated in
terms of number of hours, refer to table 13.
Annual Projected Demand for comfort room and household

Service Demand
(hrs.) No. of weeks No. of months Annual Demand
Comfort Room 117 4 12 5616
Household 85 4 12 4080
Table 13
Projected demand for laundry will be stated in terms of kilograms, which
you can refer to table 14.
Laundry Services
No. of
Apartments Kilograms Total
Monday 11 4 44
Tuesday 13 4 52
Wednesday 10 4 40
Thursday 12 4 48
Friday 12 4 48
Saturday 13 4 52
Sunday 10 4 40
Total 81 320
Table 14
Annual Projected Demand for Laundry Service

Demand No. of weeks No. of months Annual Demand
320 4 12 15360
Table 15
Projected Demand
Percentage of Percentage Projected

Projected
Respondents of Availed Demand
Services Year Population
that are willing to Services (Table 16
(Table 13) avail
(Table 10) and 18)
2019 110 84% 90% 5616
2020 110 84% 90% 5616

Comfort
Room 84% 90% 5616
2021 110
Cleaning
Service 2022 110 84% 90% 5616
2023 110 84% 90% 5616
2019 110 84% 87% 15360
2020 110 84% 87% 15360

Laundry 84% 87% 15360
2021 110
Service
2022 110 84% 87% 15360
2023 110 84% 87% 15360
2019 110 84% 75% 4080
2020 110 84% 75% 4080

Household
Cleaning 2021 110 84% 75% 4080
Service
2022 110 84% 75% 4080
2023 110 84% 75% 4080
Table 16
Supply
Supply is the amount of a product (goods or services) that producers are
willing to sell or to provide at various given prices when all other factors being held
constant. It also refers to the competitors’ ability to supply the demand of the public.
Projected Supply
Projected
Services Year Demand Projected Supply
(Table 16)
2019 5616 0
2020 5616 0
Comfort Room Cleaning 5616 0
2021
Service
2022 5616 0
2023 5616 0
2019 15360 3072
2020 15360 3072
Laundry Service 2021 15360 3072
2022 15360 3072
2023 15360 3072
2019 4080 0
2020 4080 0
Household Cleaning 4080 0
2021
Service
2022 4080 0
2023 4080 0
Table 17
Apartment 1 Apartment 2 Apartment 3 TOTAL %
(51/60 Units) (25/30 Units) (17/20 Units)
Personal 43 17 14 74 80%
Laundry Shop 8 8 3 19 20%
Table 17.1
Considering the existing laundry shop within the vicinity of the proposed
project we were able to determine the competitors share equal to 20%. The said
competitor share did not include those who prefer to wash personally since we
believe that with effective pricing we can capture the said market.
Projected Demand – Supply Gap
Projected Demand – Supply Gap
Projected
Projected Projected
Demand
Services Year Supply Demand-Supply
(Table 16 and Gap
18)
2019 5616 0 5616
2020 5616 0 5616

Comfort Room
Cleaning 2021 5616 0 5616
Service
2022 5616 0 5616
2023 5616 0 5616
Laundry Service 2019 15360 3072 12288

2020 15360 3072 12288
2021 15360 3072 12288
2022 15360 3072 12288
2023 15360 3072 12288
2019 4080 0 4080
2020 4080 0 4080

Household
Cleaning 2021 4080 0 4080
Service
2022 4080 0 4080
2023 4080 0 4080
Table 18
Potential Market Share
Since the Proposed General Cleaning and Laundry Service for Apartments
in Cebu City is new to the market, its market share is equivalent to 100%. See
table below for reference.
Potential Market Share
Projected Service
Demand Capacity
Services Year Market Share
(Table 16 and (See Chapter 2,
18) Table 1 and 2)
2019 5616 6720 100%
Comfort Room 2020 5616 6720 100%

Cleaning
Service 2021 5616 6720 100%
2022 5616 6720 100%

2023 5616 6720 100%
2019 12288 17280 80%
2020 12288 17280 80%
Laundry Service 2021 12288 17280 80%
2022 12288 17280 80%
2023 12288 17280 80%
2019 4080 6720 100%
2020 4080 6720 100%

Household
Cleaning 2021 4080 6720 100%
Service
2022 4080 6720 100%
2023 4080 6720 100%
Table 29
MARKETING STRATEGY
One crucial part in the realization of the profit of the business is how to
connect the services offered to the consumer. The market strategy of the business
plays an extensive role in attaining the desired income and potential customers.
Marketing strategy is a business' overall game plan for reaching people and
turning them into customers of the product or service that the business provides.
The marketing strategy of a company contains the company’s value proposition,
key marketing messages, and information on the target customer. The marketing
strategy informs the marketing plan, which is a document that lays out the types
and timing of marketing activities. Marketing strategy should have a longer lifespan
than any individual marketing plan as the strategy is where the value proposition
and the key elements of a company’s brand reside.
Advertising and Promotion
Promotion is communicating with the public in an attempt to influence them
toward buying the offered services. The business institution might communicate in
person through direct selling or in a retail store, via the internet through a website
or social media platform, electronically through email or text messaging (SMS
marketing), just to name a few of the more popular business communication
channels, but it's the intention to influence the consumer that defines promotion
and sets it apart from other communication with customers and/or clients. This is
one big factor in terms of marketing especially to a business that is new to the
market. As to the proposed business, it uses the following as part of the promotion:
Socialization
The propose business is a new entry to the market, this being said, it will be
crucial to gather customers moreover to establish good relationship with them.
Thus, the center of our marketing strategy will be socialization. We believe that in
order for our business to thrive, we must reach out to people and give them
genuine reasons to subscribe to our services. We believe that in order for our
business to thrive, we must reach out to people and give them genuine reasons to
subscribe to our services. We will be channeling our resources towards inbound
marketing, as it allows us to connect with potential clientele and stay in touch with
them at all times. We will be having our own website, blog and newsletter
programs, but we will also be taking our business to the social media platform,
where the goal would be to change people’s general perception towards cleaning
service businesses and keep them informed about the advantages and benefits of
hiring a cleaning service company, using both a direct and indirect (more subtle)
approach. our business to the social media platform, where the goal would be to
change people’s general perception towards cleaning service businesses and
keep them informed about the advantages and benefits of hiring a cleaning service
company, using both a direct and indirect (more subtle) approach.
Figure 32
Company Logo
A logo is a symbol used to identify a company. Its purpose is to distinguish
it from different companies. In a company’s logo is its nature, mission and what it
provides to its customers.
Company’s Logo Explanation
The researchers choose this design as the company logo, for it is a perfect
description of what the company has to offer like laundry and cleaning services.
The person in the left describes the employees who rendered their best services
for the satisfaction of the customers. Blue symbolizes the color of the water which
is a key factor in maintaining the cleanliness of rendering the services.

M a n a g e m e n t A s p e c t | 41
CHAPTER IV
MANAGEMENT ASPECT
The achievement of certain aims are the goal of all profit and non-profit
organizations. Aims are considered the heart of every organization for it is the
reason for the business’s existence. Strategies and processes that are set forth by
the management should be monitored regularly for it to be effective and to check
for an aspect that needs to be developed or changed. The strategies are
established to utilize the organization’s resources to achieve these aims.
This chapter assists in the selection of organizational structure wherein
there is planning and organizing of the decisions and its enforcement to all the
personnel of the business. This chapter entails the qualifications of the selection
of the staff involved in executing the proposed project. Internal policies are also
laid out in this chapter for these are very beneficial in reinforcing and classifying
the conduct expected of the staff.
In carrying on the proposed project the management aspect is considered
critical for it plays a relevant role. It also deals with the functions of managing a
business, these are planning, organizing, staffing, leading, and controlling. It
involves how the management handles every situation especially problems that
affect the whole organization. This chapter also exhibits the timetable of activities
before and during the actual operating period of the proposed project.
MANAGEMENT DURING THE PRE-OPERATING PERIOD
The pre-operating period is the period of preparation for the business to
operate. In this period, the administration should organize the needed activities
and requirements in running the business. Pre-operating activities will aid the
proponents in ascertaining the success of the project or the failure of the proposed
project. To start the project it is vital to perform the necessary activities.
Creating a profit-generating business includes careful planning from the
insignificant detail up to the significant matter. Some activities must be made
before the commencement of a normal operation. These activities are needed to
have sufficient knowledge of how the project operates and how to manage the
project appropriately.
The following are the pre-activities to be conducted:
1. General Project Planning
2. Negotiation and Leasing of the Office
3. Securing of Permits
4. Recruitment and Orientation of Workers / Hiring of Employees
5. Training
6. Sourcing of Funds
7. Acquisition of Materials/Equipment
8. Advertisement
9. Normal Operations
Project Timetable
It is important that all activities are categorized and scheduled well.
Preparation before starting the proposal is the key to ensure success. To ensure
success, one must maximize the time allocated for each step. Before the
implementation of the proposed study, the management needs to flourish a proper
project timetable to guide its activities. It will use a project schedule to ensure the
quality of the service since it shows the schedule of tasks and undertaking.
Therefore, making a project timetable is essential to show the schedule of each
pre-operating activities with their allotted time.
Figure 33
Gantt chart
A simplified Gantt chart is shown to organize all the necessary pre-
operating activities and their required time of completion.

General Project Planning
Planning is a main management function involving the formulation of one or
more detailed plans to achieve the optimum balance of needs or demands with the
available resources. It wouldn’t be easy to start a mission without a thorough plan.
It would be like starting a journey without any point of direction or destination. A
planned and organized contribute to the success of every organization. This phase
includes the gathering of data and information needed in the analysis to know the
possibility of the project. In four (4) weeks this phase can be completed.
Negotiation and Leasing of the Place
An office is needed to store the cleaning tools and other equipment for the
operation of laundry service. It will also be the place to gather the employees.
Negotiation with the owner of the apartment will also take place in during these
allotted days. It will acquire four (4) weeks to accomplish.
Securing of Permits
For the business to operate legally, it must comply with the requirements
set by the government. It comprises the permits and licenses. It includes the
authorizations that should be passed to the barangay of Pasil since target
employees will be coming from the abovementioned area and the owner of
Apartments where the business will operate. All these legal documents must be
filed and accomplish so that there will be a smooth flow of the operation. Within
two (2) months this phase can be accomplished.

Recruitment and Orientation of Workers / Hiring of Employees
The success of this project depends on the effectiveness and efficiency of
the workers. It is the process wherein the organization/ management would
determine the suitable workers that would cope-up with the aim of the proponents.
The proponents or management will also be responsible for the orientation
regarding on how to conduct the service. As a starting business, the target
employees will only be less than ten persons. An allotment of four (4) weeks is set
for this process that shall include both hiring and orientation.
Training
In ensuring to provide best services for the clients, there should be training
for the hired employees to test how they do well in their work. The proponents
decided to hire a certified housekeeper to train the employees. The employees will
undergo practical and seminars to enhance their abilities. A period of two (2)
weeks.
Sourcing of Funds
A sole proprietor will run the business. The setting up of service will be fund
by the proprietor. Without it, the proposed study cannot be put into existence and
even start its operations. An allotment of 3 months is given to this phase. While
planning is ongoing, the sole proprietor will generate the necessary capital
investment needed knowing that he is likely funding the business.

Acquisition of Tools/ Materials/ Equipment
Tools are also needed to assist the employees in rendering their service.
These are also the starter of the business operation without these tools no
operation or service will be done. Two moths will be allotted to quote and acquire
such tools.
Advertisement
In attracting tenants and prospect investors, there is a need for the
proponents to introduce the proposed study and the aim of the project to help
unemployed women earn income by also providing a less hassle service for
tenants residing in apartments. The proponents will use social media as one of the
tools to advertise and promote the advocacy of the proposed study. Flyers will be
distributed, and tarpaulins will be posted not just in the identified apartment but
also to neighboring apartments’ for future purposes. This phase will be accomplish
within six (6) weeks.
Normal Operations
After the completion of the above – mentioned activities, the normal
operation of the business will commence immediately.

MANAGEMENT DURING THE OPERATING PERIOD
During this period, all the plans and preparations will be put into actions.
The efficiency of procedures, rules, policies, and regulations will be put into test
during this period. This is needed to organize the flow of operation to commence
better services to people.
Creating guidelines is necessary in this period to have a productive
operation. The management must address referring to the Form of Business
Organization, Organization Structure, Personnel, Job Specification and
Qualification, Working Schedule, Recruitment Program, Worker Benefits, and
Management Policies and Regulations.
The Form of Business Organization
The form of business organization should be deliberated carefully because
this affects the management. With that being said, the proponents must choose
the kind of business organization that completely fit the business.
The proponents chose the sole proprietorship to be adopted by the
proposed project. A sole proprietorship is an organization managed by one person
or businessman. The sole proprietor shall fund the business for the
commencement of the service and to aid its operations.

Organizational Chart
Figure 34
Organizational Structure
Organizational structure defines how the activities of task allocation,
coordination, and supervision achieve the organization aims. It determines the
execution of the roles, power, responsibilities and the flows of information between
the different levels of management. It is considered as the viewing glass of all

operation of the business so that employees would know their responsibilities and
tasks fully.
It’s always important that your business is run in an orderly manner, so
everyone is on the same page. The organizational chart shows the proposed
organizational structure of the study.
Personnel
For the cleaning service to commence its service in Apartments, the
management must classify its personnel for the simplification and division of labor.
The management must look for personnel that is best fitted for the position to meet
the expectations of the tenants. Different positions in the service will be described
in the succeeding pages.
Owner/Operations Officer
• Responsible for managing the business
• Monitors all the transactions conducted in the operations of
the business
• Responsible for hiring and training employees
• Has leadership skills and decision-making skills
• Decides the flow of the service process
• Responsible for monitoring the employees

• Responsible for the whereabouts of the employees
• In charge of driving the service van from Barangay Pasil to the
Apartments
• In charge for the safety of the workers
• He or she will also function as a company driver.
Workers
• In charge for the laundry of the tenants
• In charge of walk-in customers for laundry
• In charge of cleanliness of tenants' rooms
• Responsible for preparing the materials to be used for the
cleaning service
Job Specification and Qualification
These are the characteristics that a volunteer/s must possess to perform
the job and a reasonable quality of service. It includes personal data, educational
attainment, and experiences in order to assess the qualifications and
competitiveness.
Workers
• Female at least 19-50 years old.
• At least high school graduate
• With or without experience
• Must be mentally and physically fit
• Have positive attitude
• Efficient and dedicated to their work
Working Schedule
Our proposed study “Cleaning and Laundry services for Apartments in Cebu
City” will be operating for the whole week except all official holiday like Christmas
Day, Lenten Season and New Year, with 8 hours of operating time each day.
Table 20
Cleaning Service Schedule
Legends:
Table 21
Laundry Service Schedule
Legends:
Recruitment Program
Employing the right person is the most important part of any business. A
best recruitment and selection process reduces the turnover. This process
includes choosing the most efficient, productive, and effective employee that would
be suitable for that kind of specific job for the business to meet its goal. Effective
recruitment plan means getting the right people for the right job; this includes a mix
of recruitment strategies and variety of communication processes to ensure that
the pool of candidates is qualified.
The applicants should personally submit their letter at the office. He/she
should bring the following initial requirements:
Supervisor
• Resume
• 2X2 picture
• Barangay clearance
• Police clearance
• NBI clearance
• Transcript of Records
• Driver’s License
Workers
• Bio-data
• 2X2 picture
• Barangay clearance
• Police clearance
• NBI clearance
• Medical certificate
Compensation
Compensation is the total amount of monetary and non-monetary value
given by the employer to an employee in return for work performed as required,
Sales commissions, overtime pay, bonuses, recognition checks and rewards, and
other non-cash benefits are also included apart from salaries and wages. A good
compensation package motivates and satisfies the workers for the work they
rendered. The table below shows the compensation of the employees. All figures
are subject to deductions base on holidays and other instances.
No. of Weekly
Position Rate per day
employees compensation
Supervisor/Driver 1 450 3150
Workers 5 366 1830
Table 22
Employee benefits
Businesses must not only focus on how to earn income and profits, but he
must also consider and be aware of the benefits that an employee is entitled to
receive that are favorable at the employees’ side even though the law does
stipulate this. The mandatory benefits are as follows:
Social Security Systems (SSS) Contributions
SSS is suitable to the needs of the people throughout the Philippines which
shall promote social justice and provide meaningful protection to members and
their beneficiaries against the hazards of disability, sickness, maternity, old age,
death, and other contingencies resulting in loss of income or financial burden.
This is mandated by the Republic Act No. 8282, Section 9, otherwise known
as the “Social Security Act of 1997”. The employer will contribute to the social
security benefits of the employee. The monthly contribution will depend on the
actual monthly salary of the employee.
Home Development Mutual Fund (HDMF)
This HDMF is also known as PAG-IBIG (Pagtutulungan sa kinabukasan:
Ikaw, Bangko, Industriya at Gobyerno) fund is an answer to the need of the national
savings program and an affordable shelter financing for the Filipino worker. The
fund was mandated by Presidential Decree No. 1530. The employer will contribute
not less than P100.00 to the employee’s PAG-IBIG fund, and he will remit this
contribution, and this shall be deducted from the employee’s payroll.
PhilHealth
The employer is to contribute to the medical assurance of the employee by
the Republic Act 7835 on Medicine Program that is administered by the Philippine
Health Insurance Corporation (PhilHealth). The contribution of the employer
depends on the monthly salary of the employee.
13th Month Pay
As mandated by the Presidential Decree No. 851, the employee shall
receive a bonus salary that is equivalent to one (1) month, regardless of the nature
of his/her employment, not later than December 24 of every year.
Service Incentive Leave
By Article 95 of the Labor Code of the Philippines, every employee is
entitled to a yearly service incentive leave of five days with pay.
Sick Leave
Employees can avail of this benefit when the employees cannot report to
work due to illness, accident, or any other debilitating medical issues. It is the
obligation of the company to pay the worker an equivalent full day salary as
mandated by the Philippine Labor Laws, given that the worker still has to leave
“credits” equivalent to seven work days.

MANAGEMENT POLICIES AND REGULATIONS
Policies in every organization define what is appropriate and inappropriate
in the principal place of business for all the employees. For it to be effective, it must
be provided and explained to both new and existing employees.
These guidelines help employees know what is expected of them with
respect to standards of behavior and performance. Policies are also helpful in
adopting a consistent and transparent response in situations involving employee
interaction. Violators of such policies shall be subject to proper disciplinary action
or penalty which will be deliberated by managers or business-owners.
The guidelines that are to be abided by the employees are enumerated
below:
1. Absenteeism is strictly discouraged. Employees are only allowed to have
two absences every month.
2. Tardiness is strictly observed. Every employee must report to work at
least 10 minutes before the time. Working time is from 8:00AM – 12:00NN
and 1:00PM – 5:00PM.
3. The employees who work more than six hours are provided with a 1-hour
lunch break and are allowed to take reasonable toilet breaks, whenever they
need to.
4. If there are unforeseen absences or there is a need for an early leave for
work, the employee must notify the manager the soonest. Unexcused or
unreported absence for more than three days are considered as job
abandonment and the management may take necessary disciplinary action.
5. Observed cleanliness in the workplace at all times.
6. The employees should respect their colleagues. The management
doesn’t allow any discriminatory behavior, harassment or victimization.
7. The employees must be clean and well-groomed and must wear the
prescribed uniform of the company.
8. Smoking and drinking alcoholic drinks inside the principal place of
business are strictly prohibited. Reporting to work drunk or under the
influence of drugs is forbidden.
9. The employees should treat the company’s property, whether material or
intangible, with respect and care and shouldn’t misuse company equipment
or use it frivolously.
10. The company discourages employees from accepting gifts from clients
or partners and prohibits briberies for the benefit of any external or internal
party.
11. The employees should fulfill their duties with integrity and respect
toward customers, stakeholders, and the community. Supervisors and
managers mustn’t abuse their authority.

12. Employees who are proven guilty of doing physical acts of violence or
threats to harm a person or property shall be terminated, penalized or
reported to officials.
Violations and Sanctions
Violators of the company’s rules are subject to consequences. The
limitations of all the employees or what we call rules are provided for them to act
accordingly as expected from an employee. The sanction of a violation depends
on the level of the offense an employee has committed.
Figure 35
L e g a l a n d T a x a t i o n A s p e c t s | 61
CHAPTER V
LEGAL AND TAXATION ASPECTS
Starting a valid business venture includes abiding by the rules and
regulations implemented by the local and national government. These laws dictate
responsibilities upon which businesses must accomplish and maintain. It includes
the filing of designated documents and payment of taxes.
This chapter discusses information and steps that a business must take to
operate legally under the chosen jurisdiction. The legal aspect discusses
measures to keep the business legitimate. The taxation aspect, on the other hand,
it contains the different taxes which applies to the business and how these taxes
must be timely paid.
LEGAL ASPECT
The legal aspect discusses the requirements to initiate a business
enterprise. These requirements include the registration of the business name,
securing licenses and permits, and with the Bureau of Internal Revenue for
taxation purposes. Failure to comply with the requirements will deem the operation
illegal. As for the service business, particularly cleaning service it is wise to operate
it as a sole proprietorship or partnership, you should consider using a legal form
that protects you from personal liability, such as a corporation or a limited liability
company. Unlike many other types of businesses, such as professional or

consulting, your cleaning business will operate in other people’s offices or homes,
and you likely will have employees engaged in a significant amount of physical
activity. These facts increase the likelihood that an employee or another person
could be injured, or that a customer’s property could be damaged by you or one of
your workers—in which case you would want the business, not you personally, to
be responsible for any liability.
Registration of Business Name
In order to commence business operations, it is necessary to register the
business with the proper agency in order to gain exclusive rights to the business
name.
Generally, to establish a single proprietorship business in the Philippines
the nationality of the applicant mattered. The owner must be a Filipino citizen, at
least 18 years old. Filipinos whose names are suggestive of alien nationality must
submit proof of citizenship such as birth certificate, PRC ID, voter’s ID, passport.
If the applicant has a foreign sounding name, acquired Filipino citizenship by
naturalization, election or by other means provided by law, he must submit proof
of his Filipino citizenship such as: - Naturalization certificate and Oath of
allegiance, - Valid ID card issued by the Integrated Bar of the Philippines (IBP) or
Professional Regulatory Commission (PRC)
To register a sole proprietor business, the following are the requirements to
be accomplished:
Register a business name at Department of Trade and Industry

 Application for Business Name
Basic requirements for Sole Proprietorship
1. Come-up with one (1) business name such as:
 Wiseang Cleaning and Laundry Service
2. Search in the DTI’s website if there’s an existing name similar to yours
3. If your business name is available, fill-up Business Name (BN) Application
Form.
4. Submit your completed BN application form to DTI’s offices/branch
5. Wait for your DTI Certificate of Registration
After acquiring a DTI Certificate of Registration, you may now proceed and
register to Local Government Units (LGU), such as Barangay and Mayor’s Office:
Registration with Barangay
1. Go to the barangay where your business is located to secure and fill-up
application form
2. Submit your completed application form together with the following:
 Certificate of Business Registration from DTI
 Two (2) valid IDs
 Proof of Address such as Contract of Lease (if rented) or Certificate
of Land Title (if owned)
 Claim your Barangay Certificate of Business Registration

Procurement of Business Permits and Licenses
For the company to operate smoothly without violating any governmental
rules and regulations, the business should secure the permits and licenses
necessary to operate the business. These includes:
Business Permits
This permit is obtained from the City Treasurer's Office. After filing four (4)
copies of the permit, it will be forwarded to the Mayor's Office for its approval
together with the following documents:
1. Secure the following documents (original and photocopy):
 Barangay Clearance with the official receipt of payments
 SSS, PAG-IBIG AND PHILHEALTH Clearances
 Sanitary Permit
 Fire Safety Inspection Permit
 Community Tax Certificate of the employees
 Zoning Clearance
 Other requirements from national and local government agencies, as
the case may be.
2. Evaluation of Business Application
3. The applicant will proceed to the Permit and Licensing Division to have the
application form issued. The Business Permit Line Office Personnel will interview
the applicant and assess the filled-up and notarized application form.
4. Issuance of billing statement.

5. The applicant pays at the City Treasurer's Office Collection Section and receive
an Official Receipt.
6. After the compliance of all requirements and after payment, the Permits and
Licensing Office will issue the duly signed Business Permit.
Registration for Bureau of Internal Revenue (BIR)
1. Go to the Regional District Office (RDO) where your business is located
2. Fill-up the BIR Form 1901 – Application for Registration (for Sole Proprietor)
3. Submit completed registration form together with the following:
 Certificate of Registration form DTI
 Barangay Clearance
 Mayor’s Business Permit
 Proof of Address such as Contract of Lease (if rented) or Certificate
of Land Title (if owned)
 Valid IDs, if applicable.
Pay the Registration Form (BIR Form 0605)
Register your book of accounts and receipts/invoices.
Claim your Certificate of Registration (BIR Form 2303)
Application for Social Security System Membership (SSS)

The Philippine government is bound to protect the welfare of employees
and workers in the country. That is why through labor and social security laws, it
mandates and obliges businesses and employers to ensure that their hired
employees or laborers are covered by viable tax-exempt social security service
and protection against the hazards of disability, sickness, maternity, old age,
death, and other contingencies resulting in loss of income (Republic Act No. 8282,
Social Security Act of 1997, Section 2. Thus, if you own a company and employs
people to carry out your business, you have to comply with the law and register
your business with the Philippine Social Security System (SSS). The requirements
for registration are as follows:
 Report of Employee-member
 Employee’s data record
 Monthly contribution
 Quarterly contribution
Sickness notification
The following forms must be filed in order to become a member:
 Form R-1 (Employer Registration)
 Form R-1A (Employment Report)
 Form E-1 (Personal Record)
 Form R-3 (Contribution Collection List)
TAXATION ASPECT
Taxation is very important for any country's government to function well.
Taxes are the sources of government revenue, which is used for government
services. Thus, taxation is an inherent power of the sovereign state which means
that the state needs not be empowered by its constitution or any mandate for it to
be allowed to tax. Profits, in any sources are subject to taxation. Thus, the following
are applicable taxes for the proposed business:
Income Taxes
Income tax is a tax that governments impose on financial income generated
by all entities within their jurisdiction. By law, businesses and individuals must file
an income tax return every year to determine whether they owe any taxes or are
eligible for a tax refund. Income tax is a key source of funds that the government
uses to fund its activities and serve the public. Since the propose business can be
a member of the Barangay Micro Business Enterprise (BMBE) designation, it can
avail for tax exemptions. An exempt BMBE is not liable to income tax on its
business income and on the compensation it pays to its employees. However,
when the business expands in the future it may no longer be able to meet the
requirements of a BMBE thus, it will now be subjected to income taxes.
Percentage Tax
As the Bureau of Internal Revenue (BIR) defines it, Percentage tax is a
business tax imposed on persons or entities who sell or lease goods, properties or
services in the course of trade or business and are exempt from value-added tax
(VAT) under Section 109 (w) of the National Internal Revenue Code, as amended,
whose gross annual sales and/or receipts do not exceed Php 1,919,500 and who
are not VAT-registered.

Annual Registration Fee
An annual registration fee of P500.00 shall be paid on or before the last day
of January every year after the initial recognition. BIR Form No. 0605 must be filed
and paid upon payment of annual registration fee for new business and for
renewals on or before January 31 of every year.

F i n a n c i n g A s p e c t | 69
Chapter VI
FINANCING ASPECT
In the conduct of the business, more than idea and concept, sourcing of
fund does also need to be considered. While for humans the blood gives life, in
business the funds are similarly important with blood for humans. Funds, being the
source of life to every business, should be given focus and be wisely dealt with by
future proprietors.
The proponents believe that the proprietor needs to be financially capable
because it is necessary for the initial set-up of the business which would determine
whether it has sufficient capital for the proceedings, an adequate amount of cash
to pay its debts, and enough resources to implement its service in the market.
Hence, these funds are intended to support the expenses incurred about its
operations. This aspect also provides benefits to the business in obtaining its
objectives.
Sourcing of funds as a start-up for the business should be made available
by the proprietor. Such should be able to cover for the possible expenses the
institution may incur. A good source of financials can be beneficial if properly taken
advantage.
SOURCE OF FINANCING
In order to start a business, a source of finance is needed. Source of
financing may be in any form – equity or debt. The proprietor should know where
to source its capital. This capital is necessary for the business activities such as
acquiring equipment, tools, machinery, rent on the production site, salaries and
wages of the workers and other preliminary expenditures. The capital to run the
business operation shall be coming from the sole proprietors’ own fund.
Initial Capital Requirement
The implementer’s estimated project cost is Php 600,999.00 to commence
it business operation. These costs compose the pre-operating expenses, property
and equipment, and the estimated working capital. This initial capital is required to
start the ordinary operation of the business.
ESTIMATED PROJECT COST

Particulars Note Amount Total
Pre-operating Cost
Project Feasibility Cost 1 7,160.00
Permits and Licenses 2 10,550.00
Advertising and Promotion 3 - 17,710.00
Property, Plant and Equipment
Furniture and Fixtures 4 15,285.00
Machineries and Office Equipment 5 469,700.00
Production Supplies 6 28,180.00 513,165.00
Working Capital
Salaries and Wages 7 35,124.00
Rent Expense 8 25,500.00
Office Supplies 9 2,201.00
Utilities Expense 10 7,299.00 70,124.00
TOTAL ESTIMATED PROJECTED COST 600,999.00
Table 23
Note 1
Project Feasibility Cost
Particulars Quantity Units Unit Cost Total Cost
Photocopy 100 copies 0.5 50.00
Printing 1,000.00
Bookbinding 2,000.00
Plagiarism and Grammar Test 250.00
Food Expense 560.00
Panelist's Honoraria 3 per head 1000 3,000.00
Panelist's Snacks 3 per head 100 300.00
TOTAL 7,160.00
Note 2
Permits and Licenses
Particulars Total Cost
Barangay Clearance 100.00
Police Clearance 100.00
Notarial Fee 100.00
DTI Registration 500.00
Mayor's Business Permit 700.00
BIR Certificate 600.00
VECO Installation 3,500.00
MCWD Installation 4,950.00
TOTAL 10,550.00
Note 3
Furniture and Fixture
Office Chair 1 pc 669 669.00
Office Table Set with Chairs 1 pc 3316 3,316.00
Cabinet for Finish Laundry 2 pc 2300 4,600.00
Inventory Cabinet 2 pcs. 2100 4,200.00
Locker 1 pcs. 2500 2,500.00
TOTAL 15,285.00
Note 4
Machineries and Office Equipment
Service Truck 1 pcs. 260,000.00 260,000.00
Washing Machine w/ dryer 3 pcs. 65,000.00 195,000.00
Computer set with printer 14,700.00
TOTAL 469,700.00
Note 5
Production Supplies
Sponge 5 pcs. 20 100.00
Mister Muscle 10 pcs. 225 2,250.00
Room Freshner 10 pcs. 250 2,500.00
Detergents 10 Kg 85 850.00
Plastic Bag 5 packs 345 1,725.00
Feather Duster 6 pcs. 75 450.00
Broom and Dustpan 6 pcs. 65 390.00
Toilet Brush 6 pcs. 120 720.00
Mops 5 pcs. 250 1,250.00
Brush 6 pcs. 25 150.00
Rubber Gloves 6 Pairs 90 540.00
Towels 10 packs 200 2,000.00
Cleaning Supply Cart 5 pcs. 1999 9,995.00
Weighing Scale 2 pc. 950 1,900.00
Basket 6 pcs. 235 1,410.00
Uniform 10 Shirts 150 1,500.00
Spray Bottles 6 pcs. 75 450.00
TOTAL 28,180.00
Note 6
Salaries and Wages
Particulars Employees Daily Monthly Total Cost
Service Employee 4 366 5856 23,424.00
Operation Officer 1 450 7200 7,200.00
Trainors Fee 1 450 - 4,500.00
TOTAL 35,124.00
Note 7
Rent Expense
Particulars Unit Cost Total Cost
Rental Fee 8500 25,500.00
Note 8
Office Supplies
Bond paper – short 2 Ream 120 240.00
Bond paper – long 2 Ream 130 260.00
Tape 5 Pc 12 60.00
Markers 5 pcs. 34 170.00
Ink 1 pcs. 870 870.00
Fastener 2 Box 45 90.00
Staple Wires 5 Box 22 110.00
Folders 20 pcs. 5 100.00
Scissors 2 pcs. 35 70.00
Trash Can 1 Pc 75 75.00
Stapler 2 pcs. 60 120.00
Pens 6 pcs. 6 36.00
TOTAL 2,201.00
Note 9
Utilities Expense
Particulars Quantity Unit Cost Total Cost
Water Utilities Expense 1 2500 2,500.00
Electricity Utilities Expense 1 2000 2,000.00
Internet w/ phone Expense 1 1299 1,299.00
Fuel 1 1500 1,500.00
TOTAL 7,299.00
F i n a n c i a l A s p e c t | 76
CHAPTER VII
FINANCIAL ASPECT
To determine how the owner’s equity, sources of capital, revenues,
investment returns, expenses and other monetary concerns are raised providing
the financial aspect is a necessity. Evaluating and understanding this aspect of a
business can help owners and executives accomplish desired profit. This aspect
can also help owners in choosing the best decision for the venture. Potential
investors may also see it as a means of gaining knowledge to help predict future
performance and operations of the enterprise. Planning and forecasting should
be appropriately done to determine if the company will obtain profit or not.
Financial feasibility is the study to realize if the proposed business is
possible after improving its factors, circumstances and its total costs and which
would probably gain revenue. To put it clearly, it means that the proposed business
should yield higher rate than the expected return which would help in determining
whether the firm should continue or not.
It is significant that the final forecast must be prepared first to inspect it in
formulating for the projected financial statements.

GENERAL ASSUMPTIONS
Financial Assumptions
Introduction. The following are the assumptions used in making the
projected financial statements:
Pre-operation and Operation
1. The pre-operation will start five months before the conduct of the
business.
2. The business operation will start in January 2019.
3. The business organization will be a sole proprietorship entity.
4. The business will adopt a calendar year.
5. The business will operate for the whole week with normal operation from
8am-5pm.
6. The initial capital required is P600,999.00
7. The operation would have a total of 320 days.
8. Every end of the month rent expense will be paid. In the first two months
of rental, advance deposit amounting to 17,000 is required. Another one
month deposit as security deposit which will be considered a noncurrent
asset in the statement of financial position will be held amounting to 8,500.
9. The business shall make the SSS, Pag-ibig and Philhealth contributions
on their respective prescribed schedules. Contributions for the last month
shall accrue at the end of every year.
Service Capacity
1. The service capacity will vary for the next five years of operation due to
changes in resources and demand.
2. The demand for comfort room and household will increase by 10% in the
third year of operation and remain constant for the next following years.
3. The demand for laundry services will increase annually by 10% starting the
third year of operation and remain constant for the next following years.
4. Due to increase in demand on the third year of operation additional of 2
workers will be hired in the third year of operation.
Revenues
1. All service revenues will be on cash basis.
2. Price will remain constant for first two years of operation and an increase
of 7% on the 3rd year and remains constant for the next years.
Labor and Salaries
1. All regular employees regardless of their designation who have worked at
least six months during the calendar year are entitled to 13th-month pay
payable every 2nd Sunday of December of each year equivalent to one
month of his basic salary.
2. On the first two years of operation, there will be no additional employees
unless there is resignation or termination. However, on the third year due to
increase in demand new employees will be hired.

3. All regular employees are entitled to receive employee benefits. SSS,
PhilHealth and Home Development and Mutual Fund Contributions shall be
paid within the first week following the month applied. There will be an
accrued contribution for one month at the end of the year.
4. There will be no increase in the employees’ salary for the first five years of
operation unless mandated by law.
Depreciation
1. Purchasing all furniture, fixtures, and equipment are purchased through
cash.
2. The useful life of each furniture and equipment are as follows.
Furniture / Equipment Useful Life
Office Chair Five years
Office Table Set with Chairs Five years
Cabinet to Finish Laundry Five years
Inventory Cabinet Five years
Locker Five years
Service Truck Five years
Washing Machine w/ dryer Eight years
Computer set with printer Five years

3. Depreciable assets are depreciated using the straight-line method over its
estimated useful life.
Expenses
1. During its first year of operation project study-related costs are charged as
an expense.
2. Production supplies below will be purchased monthly and are expensed
outright when bought.
Particulars
Sponge
Mister Muscle
Room Refresher
Detergents
Plastic Bag
3. Production supplies below will be purchased every after six months and
are expensed outright when bought.
Particulars
Feather Duster
Broom
Toilet Brush
Mops
Brush
Rubber Gloves
Towels
4. Production supplies not mentioned are assumed to last for the next five
years.
5. Production supplies are expected to increase by 20% starting on the 3 rd
year of operation and remain constant until its 5th year of operation. This
only applies to supplies acquired monthly and such are treated expensed
outright.
6. Office supplies to increase by 5% annually starting in the 3 rd year of
operation and will remain constant up until the 5th year and treated
expensed outright.
7. Purchasing of the Office Supplies is done annually and expensed outright.
8. As the company incur Repairs and maintenance this will be charged to
expense.
9. At the end of each month, SSS Contribution, PhilHealth Contribution, and
Pag-ibig Contribution are to be accrued.
10. Utilities limited to water and electricity are expected to increase by 5% on
the 3rd year of operation and remains constant until the end of 5th year and
are to be billed after the end of the month and within five days after its
receipt is deemed a necessary to be paid.
11. Rent Expense remains constant for the next five years.
12. Permits and licenses are expected to remain constant every year.
Repairs and Maintenance
1. Will start on the 3rd year with estimated amount of P5, 000 fixed for the
next years.
Rent
1. There shall be a security deposit equivalent to 2 months and is refundable
at the end of the lease term or if the lessee no longer occupies the premises.
WISEANG GENERAL CLEANING AND LAUNDRY SERVICES

Projected Statement of Financial Performance
For the years ended December 31, 2019- 2023
Sched 2019 2020 2021 2022 2023
Revenue 1 ₱1,170,240.00 ₱1,170,240.00 ₱1,352,880.00 ₱1,352,880.00 ₱1,352,880.00

Less: Cost of Service
Rent Expense 9 102,000.00 102,000.00 102,000.00 102,000.00 102,000.00
Utilities Expense 8 87,588.00 87,588.00 91,967.40 91,967.40 91,967.40
Salaries Expense 2 304,512.00 304,512.00 407,628.00 407,628.00 407,628.00
Depreciation Expense 13 64,997.00 64,997.00 64,997.00 64,997.00 64,997.00
Commission on Service 117,024.00 117,024.00 135,288.00 135,288.00 135,288.00
Gross Margin 494,119.00 494,119.00 550,999.60 550,999.60 550,999.60
Less: General Expense
Office Supplies 5 2,201.00 1,900.00 2,032.80 2,032.80 2,032.80
Production Tools 4 112,815.00 111,315.00 133,578.00 133,578.00 133,578.00
Repairs and Maintenance assumption - - 5,000.00 5,000.00 5,000.00
Employer's Contribution 3 54,287.04 54,287.04 149,697.36 149,697.36 149,697.36
Permits and Licenses 20 10,850.00 1,900.00 1,900.00 1,900.00 1,900.00
Project Feasibility 21 7,160.00 - - - -
Advertising 22 - - - - -
Net Income from Operations 306,805.96 324,716.96 258,791.44 258,791.44 258,791.44
Less: Income Tax 23 50,861.19 54,443.39 41,258.29 41,258.29 41,258.29
Net Income after Income Tax ₱357,667.15 ₱379,160.35 ₱300,049.73 ₱300,049.73 ₱300,049.73

Projected Statements of Financial Position
For the Years Ended December 31, 2019-2023
ASSETS Schedule 2019 2020 2021 2022 2023
Current Assets
Cash PSCF ₱581,911.78 ₱1,043,969.54 ₱1,410,968.89 ₱1,776,015.62 ₱2,141,062.35
Prepaid Rent 10 17,000.00 - - - -
Total Current Assets ₱598,911.78 ₱1,043,969.54 ₱1,410,968.89 ₱1,776,015.62 ₱2,141,062.35

Non-current Assets
Machineries and Equipment, net 7 407,760.00 345,820.00 283,880.00 221,940.00 160,000.00
Security Deposit 11 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00
Furniture and Fixtures, net 6 12,228.00 9,171.00 6,114.00 3,057.00 -
Total Non-current Assets 428,488.00 363,491.00 298,494.00 233,497.00 168,500.00
TOTAL ASSETS ₱1,027,399.78 ₱1,407,460.54 ₱1,709,462.89 ₱2,009,512.62 ₱2,309,562.35
LIABILITIES
Accrued Utilities Expense 14 7,299.00 7,299.00 7,663.95 7,663.95 7,663.95
Accrued SSS Contribution 17 3,340.00 3,340.00 5,790.00 5,790.00 5,790.00

zccrued PhilHealth Contribution 16 800.00 800.00 1,400.00 1,400.00 1,400.00
Accrued Pag-ibig Contribution 15 3,507.84 3,507.84 15,192.56 15,192.56 15,192.56
Accrued Percentage Tax Payable 19 2,925.60 243.80 281.85 281.85 281.85
Income Tax Payable 23 50,861.19 54,443.39 41,258.29 41,258.29 41,258.29
TOTAL LIABILITIES 68,733.63 69,634.03 71,586.65 71,586.65 71,586.65
OWNER'S EQUITY
Owner's Capital 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71
TOTAL OWNER'S EQUITY 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71

TOTAL LIABILITIES AND OWNER'S
EQUITY ₱1,027,399.78 ₱1,407,460.54 ₱1,709,462.89 ₱2,009,512.62 ₱2,309,562.35

Projected Statement of Cash Flows
For the years ended December 31, 2019 - 2023
Sched 2019 2020 2021 2022 2023
Cash Flow from Operating Activities
Net Income PSFP ₱357,667.15 ₱379,160.35 ₱300,049.73 ₱300,049.73 ₱300,049.73
Depreciation 64,997.00 64,997.00 64,997.00 64,997.00 64,997.00

Net Cash before Changes in Working

Capital ₱422,664.15 ₱444,157.35 ₱365,046.73 ₱365,046.73 ₱365,046.73
Add/Deduct changes in Working Capital
(Increase) in Prepaid Rent 10 (17,000.00) 17,000.00 - - -
(Increase) in Security Deposit 11 (8,500.00) - - - -
(Decrease) in Accrued Utilities Expense 14 7,299.00 - 364.95 - -
(Decrease) in Accrued SSS Contribution 17 3,340.00 - 2,450.00 - -
(Decrease) in PhilHealth Contribution 16 800.00 - 600.00 - -
(Decrease) in Pag-IBIG Contribution 15 3,507.84 - 11,684.72 - -
(Decrease) in Percentage Tax Payable 19 2,925.60 (2,681.80) 38.05 - -
(Decrease) in Income Tax Payable 23 50,861.19 3,582.20 (13,185.10) - -
Net Cash Provided by (Used in) Operations ₱465,897.78 ₱462,057.75 ₱366,999.35 ₱365,046.73 ₱365,046.73
Cash Used from Investing
Equipment and Tools Note 5 469,700.00 - - - -
Furniture and Fixtures Note 4 15,285.00 - - - -
Net Cash Provided by (Used in) Investing (484,985.00) - - - -

Cash from Financing
Investment by the owner EPC 600,999.00 - - - -
Withdrawals by the owner - - - - -
Net Cash Provided by (Used in) Financing 600,999.00 - - - -
Increase (Decrease) in Cash 581,911.78 462,057.75 366,999.35 365,046.73 365,046.73
Add: Cash, Beginning - 581,911.78 1,043,969.54 1,410,968.89 1,776,015.62
Cash, End ₱581,911.78 ₱1,043,969.54 ₱1,410,968.89 ₱1,776,015.62 ₱2,141,062.35

Projected Statement of Changes in Equity
For the Year Ended December 31, 2019 - 2023
2019 2020 2021 2022 2023
Owner's Equity,
Beginning ₱600,999.00 ₱958,666.15 ₱1,337,826.50 ₱1,637,876.24 ₱1,937,925.97
300,049.73
Add: Profit 357,667.15 379,160.35 300,049.73 300,049.73
-
Less: Withdrawals - - - -
Owner's Equity, ₱958,666.15 ₱1,337,826.50 ₱1,637,876.24 ₱1,937,925.97 ₱2,237,975.71
Ending
Schedule 1
Projected Annual Revenue
Schedule 2019 2020 2021 2022 2023
Estimated Production
Comfort Room Household 1.1 393,120.00 393,120.00 463,320.00 463,320.00 463,320.00
Household 1.2 285,600.00 285,600.00 336,600.00 336,600.00 336,600.00
Laundry 1.3 491,520.00 491,520.00 552,960.00 552,960.00 552,960.00
TOTAL 1,170,240.00 1,170,240.00 1,352,880.00 1,352,880.00 1,352,880.00
Schedule 1.1
Comfort Room Services
Particulars 2019 2020 2021 2022 2023
Comfort Room
Services 5616 5616 6177.6 6177.6 6177.6
Multiply x Service
Price 70 70 75 75 75
Revenue 393,120.00 393,120.00 463,320.00 463,320.00 463,320.00
Schedule 1.2
Household Services
Particulars 2019 2020 2021 2022 2023
Household Services 4080 4080 4488 4488 4488
Multiply x Service
Price 70 70 75 75 75
Revenue 285,600.00 285,600.00 336,600.00 336,600.00 336,600.00
Schedule 1.3
Laundry Services
Particulars 2019 2020 2021 2022 2023
Laundry Services 12288 12288 12288 12288 12288

Multiply x Service
Price 40 40 45 45 45
Revenue 491,520.00 491,520.00 552,960.00 552,960.00 552,960.00
Schedule 2
Salaries Expense
Particulars Schedule 2019 2020 2021 2022 2023
Service Employee 2.2 281,088.00 281,088.00 289,872.00 289,872.00 289,872.00
Office Employee 2.3 - - 86,400.00 86,400.00 86,400.00
13 Month Salary 23,424.00 23,424.00 31,356.00 31,356.00 31,356.00
TOTAL 304,512.00 304,512.00 407,628.00 407,628.00 407,628.00
Schedule 2.1
Service Employee
Particulars Note 2019 2020 2021 2022 2023
Monthly Salary 7 23,424.00 23,424.00 24,156.00 24,156.00 24,156.00
Multiply x 12 months 12 12 12 12 12
TOTAL 281,088.00 281,088.00 289,872.00 289,872.00 289,872.00
Schedule 2.2
Office Employee
Particulars Note 2019 2020 2021 2022 2023
Monthly Salary 7 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Multiply x 12 months 0 0 12 12 12
TOTAL - - 86,400.00 86,400.00 86,400.00
Schedule 2.3
13th Month Pay
Particulars NOTE 2019 2019 2020 2021 2023
Service Employee 7 23,424.00 23,424.00 24,156.00 24,156.00 24,156.00
Office Employee 0 0 7200 7200 7200
TOTAL 23,424.00 23,424.00 31,356.00 31,356.00 31,356.00
SCHEDULE 3
EMPLOYER'S CONTRIBUTION EXPENSE
PARTICULARS SCHEDULE 2019 2020 2021 2022 2023
SSS 3.1 27,000.00 27,000.00 46,812.00 46,812.00 46,812.00
PAG -IBIG 3.2 4,800.00 4,800.00 8,400.00 8,400.00 8,400.00
PHILHEALTH 3.3 22,487.04 22,487.04 94,485.36 94,485.36 94,485.36
TOTAL 54,287.04 54,287.04 149,697.36 149,697.36 149,697.36
SCHEDULE 3.1
SSS Contribution Breakdown
Monthly Employees Employers
Year Employees No. Rate/day Salary Contribution Contribution TOTAL
CONTRIBUTION
Monthly Annually Monthly Annually
2019 Service 4 366 23,424.00 272.50 13,080.00 562.50 27,000.00
Office 0 450 - - - - -
TOTAL 23,424.00 272.50 13,080.00 562.50 27,000.00 40,080.00
2020 Service 4 366 23,424.00 272.50 13,080.00 562.50 27,000.00
Office 0 450 - - - - -
TOTAL 23,424.00 272.50 13,080.00 562.50 27,000.00 40,080.00
2021 Service 6 366 64,414.83 272.50 19,620.00 562.50 40,500.00
Office 1 450 7,200.00 254.00 3,048.00 526.00 6,312.00
TOTAL 71,614.83 526.50 22,668.00 1,088.50 46,812.00 69,480.00
2022 Service 6 366 64,414.83 272.50 19,620.00 562.50 40,500.00
Office 1 450 7,200.00 254.00 3,048.00 526.00 6,312.00
TOTAL 71,614.83 526.50 22,668.00 1,088.50 46,812.00 69,480.00

2023 Service 6 366 64,414.83 272.50 19,620.00 562.50 40,500.00
Office 1 450 7,200.00 254.00 3,048.00 526.00 6,312.00
TOTAL 71,614.83 526.50 22,668.00 1,088.50 46,812.00 69,480.00

SCHEDULE 3.2
Philhealth Contribution Breakdown
Monthly
Year Employees No. Rate/day Salary Employees Contribution Employers Contribution TOTAL
CONTRIBUTION
2019 Service 4 366 23,424.00 100.00 4,800.00 100.00 4,800.00
Office 0 450 - - - - -
TOTAL 23,424.00 100.00 4,800.00 100.00 4,800.00 9,600.00
2020 Service 4 366 23,424.00 100.00 4,800.00 100.00 4,800.00
Office 0 450 - - - - -
TOTAL 23,424.00 100.00 4,800.00 100.00 4,800.00 9,600.00
2021 Service 6 366 64,414.83 100.00 7,200.00 100.00 7,200.00
Office 1 450 7,200.00 100.00 1,200.00 100.00 1,200.00
TOTAL 71,614.83 200.00 8,400.00 200.00 8,400.00 16,800.00
2022 Service 6 366 64,414.83 100.00 7,200.00 100.00 7,200.00
Office 1 450 7,200.00 100.00 1,200.00 100.00 1,200.00
TOTAL 71,614.83 200.00 8,400.00 200.00 8,400.00 16,800.00

2023 Service 6 366 64,414.83 100.00 7,200.00 100.00 7,200.00
Office 1 450 7,200.00 100.00 1,200.00 100.00 1,200.00
TOTAL 71,614.83 200.00 8,400.00 200.00 8,400.00 16,800.00

SCHEDULE 3.3
PAG-IBIG Contribution Breakdown
Monthly
Year Employees No. Rate/day Salary Employees Contribution Employers Contribution TOTAL
CONTRIBUTION
2019 Service 4 366 23,424.00 408.48 19,607.04 468.48 22,487.04
Office 0 450 - - - - -
TOTAL 23,424.00 408.48 19,607.04 468.48 22,487.04 42,094.08
2020 Service 4 366 23,424.00 408.48 19,607.04 468.48 22,487.04
Office 0 450 - - - - -
TOTAL 23,424.00 408.48 19,607.04 468.48 22,487.04 42,094.08
2021 Service 6 366 64,414.83 1,198.30 86,277.36 1,288.30 92,757.36
Office 1 450 7,200.00 129.00 1,548.00 144.00 1,728.00
TOTAL 71,614.83 1,327.30 87,825.36 1,432.30 94,485.36 182,310.71
2022 Service 6 366 64,414.83 1,198.30 86,277.36 1,288.30 92,757.36
Office 1 450 7,200.00 129.00 1,548.00 144.00 1,728.00
TOTAL 71,614.83 1,327.30 87,825.36 1,432.30 94,485.36 182,310.71

2023 Service 6 366 64,414.83 1,198.30 86,277.36 1,288.30 92,757.36
Office 1 450 7,200.00 129.00 1,548.00 144.00 1,728.00
TOTAL 71,614.83 1,327.30 87,825.36 1,432.30 94,485.36 182,310.71
SCHEDULE 4
Production Supplies

Sponge 6 1,200.00 1,200.00 1,440.00 1,440.00 1,440.00
Mister Muscle 27,000.00 27,000.00 32,400.00 32,400.00 32,400.00
Room Freshner 30,000.00 30,000.00 36,000.00 36,000.00 36,000.00
Detergents 10,200.00 10,200.00 12,240.00 12,240.00 12,240.00
Plastic Bag 20,700.00 20,700.00 24,840.00 24,840.00 24,840.00
Feather Duster 900.00 900.00 1,080.00 1,080.00 1,080.00
Broom 780.00 780.00 936.00 936.00 936.00
Toilet Brush 1,440.00 1,440.00 1,728.00 1,728.00 1,728.00
Mops 2,500.00 2,500.00 3,000.00 3,000.00 3,000.00
Brush 300.00 300.00 360.00 360.00 360.00
Rubber Gloves 540.00 540.00 648.00 648.00 648.00

Towels 2,000.00 2,000.00 2,400.00 2,400.00 2,400.00
Cleaning Supply Cart 9,995.00 9,995.00 11,994.00 11,994.00 11,994.00
Weighing Scale 1,900.00 1,900.00 2,280.00 2,280.00 2,280.00
Basket 1,410.00 1,410.00 1,692.00 1,692.00 1,692.00
Uniform 1,500.00 - - - -
Spray Bottles 450.00 450.00 540.00 540.00 540.00
TOTAL 112,815.00 111,315.00 133,578.00 133,578.00 133,578.00
SCHEDULE 5
Office Supplies
Bond paper 9 240.00 240.00 252.00 252.00 252.00
Bond paper 260.00 260.00 273.00 273.00 273.00
Tape 60.00 60.00 63.00 63.00 63.00
Markers 170.00 170.00 178.50 178.50 178.50
Ink 870.00 870.00 913.50 913.50 913.50
Fastener 90.00 90.00 94.50 94.50 94.50
Staple Wires 110.00 110.00 115.50 115.50 115.50

Folders 100.00 100.00 105.00 105.00 105.00
Pens 36.00 36.00 37.80 37.80 37.80
Scissors 70.00 - - - -
Trash Can 75.00 - - - -
Stapler 120.00 - - - -
TOTAL 2,201.00 1,900.00 2,032.80 2,032.80 2,032.80
SCHEDULE 6
Furniture and Fixtures, Net
PARTICULARS Cost 2019 2020 2021 2022 2023
Office Chair 669 535.20 401.40 267.60 133.80 -
Office Table Set with Chairs 3316 2,652.80 1,989.60 1,326.40 663.20 -
Cabinet for Finish Laundry 4600 3,680.00 2,760.00 1,840.00 920.00 -
Inventory Cabinet 4200 3,360.00 2,520.00 1,680.00 840.00 -
Locker 2500 2,000.00 1,500.00 1,000.00 500.00 -
Total Furniture and Fixtures,

Net 12,228.00 9,171.00 6,114.00 3,057.00 -
SCHEDULE 7
Machineries and Office Equipment, Net
PARTICULARS 2019 2020 2021 2022 2023
Service Truck 260000 238,000.00 216,000.00 194,000.00 172,000.00 150,000.00
Washing Machine 195000 157,000.00 119,000.00 81,000.00 43,000.00 5,000.00
Computer Set 14700 12,760.00 10,820.00 8,880.00 6,940.00 5,000.00
Total Machineries and

Office Equipment, Net 407,760.00 345,820.00 283,880.00 221,940.00 160,000.00
SCHEDULE 8
Utilities Expense
Water Utilities Expense 10 2,500.00 2,500.00 2,625.00 2,625.00 2,625.00
Electricity Utilities Expense 2,000.00 2,000.00 2,100.00 2,100.00 2,100.00
Internet w/ phone Expense 1,299.00 1,299.00 1,363.95 1,363.95 1,363.95
Fuel 1,500.00 1,500.00 1,575.00 1,575.00 1,575.00
TOTAL 87,588.00 87,588.00 91,967.40 91,967.40 91,967.40

SCHEDULE 9
Rent Expense
NOTE 2019 2020 2021 2022 2023
Rental Fee 8 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00
Multiply No. of months 12 12 12 12 12
Total Rent Expense 102,000.00 102,000.00 102,000.00 102,000.00 102,000.00
SCHEDULE 10
Prepaid Rent
Monthly Rent 8 8,500.00
x no. of months 2
Total Prepaid Rent ₱ 17,000.00 ₱ - ₱ - ₱ - ₱ -
SCHEDULE 11
Security Deposit
Monthly Rent See Assumption 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00
x no. of months 1 1 1 1 1
Total Prepaid Rent ₱ 8,500.00 ₱ 8,500.00 ₱ 8,500.00 ₱ 8,500.00 ₱ 8,500.00
SCHEDULE 12
Repairs and Maintenance Expense
NOTE 2019 2020 2021 2022 2023
Repairs Fee Assumption 0 0 5,000.00 5,000.00 5,000.00
Multiply No. of months - -
Total Repairs Expense 0 0 5,000.00 5,000.00 5,000.00
SCHEDULE 13
DEPRECIATION EXPENSE
NOTE 2019 2020 2021 2022 2023
Furniture and Fixtures 3,057.00 3,057.00 3,057.00 3,057.00 3,057.00
Machineries and Equipment 61,940.00 61,940.00 61,940.00 61,940.00 61,940.00
Total Depreciation Expense 64,997.00 64,997.00 64,997.00 64,997.00 64,997.00
SCHEDULE 14
Accrued Utilities Expense
SCHED 2019 2020 2021 2022 2023

Utilities Expense 8 87,588.00 87,588.00 91,967.40 91,967.40 91,967.40
Add: Utilities Payable, Beg. - 7,299.00 7,299.00 7,663.95 7,663.95
Total 87,588.00 94,887.00 99,266.40 99,631.35 99,631.35
Less: Prior Year Payment - 7,299.00 7,299.00 7,663.95 7,663.95

Current Year Payment 80,289.00 80,289.00 84,303.45 84,303.45 84,303.45
Total Payment 80,289.00 87,588.00 91,602.45 91,967.40 91,967.40
Accrued Utilities Expense, End 7,299.00 7,299.00 7,663.95 7,663.95 7,663.95
SCHEDULE 15
Accrued PAG-IBIG Payable
SCHED 2019 2020 2021 2022 2023
Accrued PAG-IBIG Payable 3.3 42,094.08 42,094.08 182,310.71 182,310.71 182,310.71
Total 42,094.08 45,601.92 185,818.55 197,503.27 197,503.27

Total Payment 38,586.24 42,094.08 170,625.99 182,310.71 182,310.71
Accrued PAG-IBIG Expense, End 3,507.84 3,507.84 15,192.56 15,192.56 15,192.56
SCHEDULE 16
Accrued Philhealth Payable
SCHED 2019 2020 2021 2022 2023
Accrued Philhealth Payable 3.2 9,600.00 9,600.00 16,800.00 16,800.00 16,800.00
Add: Utilities Payable, Beg. - 800.00 800.00 1,400.00 1,400.00
Total 9,600.00 10,400.00 17,600.00 18,200.00 18,200.00
Less: Prior Year Payment - 800.00 800.00 1,400.00 1,400.00
Total Payment 8,800.00 9,600.00 16,200.00 16,800.00 16,800.00

Accrued Philhealth Payable, End 800.00 800.00 1,400.00 1,400.00 1,400.00
SCHEDULE 17
Accrued SSS Payable
SCHED 2019 2020 2021 2022 2023

Accrued SSS Payable 3.1 40,080.00 40,080.00 69,480.00 69,480.00 69,480.00
Total 40,080.00 43,420.00 72,820.00 75,270.00 75,270.00
Total Payment 36,740.00 40,080.00 67,030.00 69,480.00 69,480.00
Accrued SSS Payable, End 3,340.00 3,340.00 5,790.00 5,790.00 5,790.00

SCHEDULE 18
Accrued Salaries Payable
SCHED 2019 2020 2021 2022 2023
Accrued SSS Payable 2 304,512.00 304,512.00 407,628.00 407,628.00 407,628.00
Total 304,512.00 329,888.00 433,004.00 441,597.00 441,597.00
Total Payment 279,136.00 304,512.00 399,035.00 407,628.00 407,628.00
Accrued SSS Payable, End 25,376.00 25,376.00 33,969.00 33,969.00 33,969.00
SCHEDULE 19
Accrued Percentage Tax Payable
SCHED 2019 2020 2021 2022 2023
Accrued Percentage Tax Expense 1 2,925.60 2,925.60 3,382.20 3,382.20 3,382.20
Add: Utilities Payable, Beg. - 2,925.60 243.80 281.85 281.85
Total 2,925.60 5,851.20 3,626.00 3,664.05 3,664.05
Less: Prior Year Payment - 2,925.60 243.80 281.85 281.85
Current Year Payment - 2,681.80 3,100.35 3,100.35 3,100.35

Total Payment - 5,607.40 3,344.15 3,382.20 3,382.20
Accrued Percentage Tax Payable, End 2,925.60 243.80 281.85 281.85 281.85
SCHEDULE 20
Permits and Licenses
NOTE 2019 2020 2021 2022 2023
Barangay Clearance 2 100.00 100.00 100.00 100.00 100.00
Police Clearance 100.00 100.00 100.00 100.00 100.00
Notarial Fee 100.00 100.00 100.00 100.00 100.00
Mayor's Business Permit 700.00 700.00 700.00 700.00 700.00
Fire Safety Clearance 150.00 150.00 150.00 150.00 150.00
Sanitary Permit 150.00 150.00 150.00 150.00 150.00
BIR Certificate 600.00 600.00 600.00 600.00 600.00
DTI Registration 500.00 - - - -
VECO Installation 3,500.00 - - - -
MCWD Installation 4,950.00 - - - -
TOTAL 10,850.00 1,900.00 1,900.00 1,900.00 1,900.00

SCHEDULE 21
Project Feasibility Cost
NOTE 2019 2020 2021 2022 2023
Photocopy 1 50.00 - - - -
Printing 1,000.00 - - - -
Bookbinding 2,000.00 - - - -
Plagiarism and Grammar Test 250.00 - - - -
Food Expense 560.00 - - - -
Panelist's Honoraria 3,000.00 - - - -
Panelist's Snacks 300.00 - - - -
TOTAL 7,160.00 - - - -
Schedule 22
Income Tax Expense
Schedule 2019 2020 2021 2022 2023

Net Income from
Operations PSFP 306,805.96 324,716.96 258,791.44 258,791.44 258,791.44
Less: Percentage Tax
Taxable Income After
Tax 306,805.96 324,716.96 258,791.44 258,791.44 258,791.44
Additional personal
exemption (25,000.00) (25,000.00) (25,000.00) (25,000.00) (25,000.00)
281,805.96 299,716.96 233,791.44 233,791.44 233,791.44
Threshold Amount 70,000.00 70,000.00 70,000.00 70,000.00 70,000.00
Income Tax on
Threshold Amount 211,805.96 229,716.96 163,791.44 163,791.44 163,791.44
Income Tax on Excess

of Threshold 42,361.19 45,943.39 32,758.29 32,758.29 32,758.29
Add: Bracket 8,500.00 8,500.00 8,500.00 8,500.00 8,500.00
Total Income Tax
Expense ₱ 50,861.19 ₱ 54,443.39 ₱ 41,258.29 ₱ 41,258.29 ₱ 41,258.29
FINANCIAL STATEMENT ANALYSIS
Current Ratio
The analysis measures the ability of the project to meet currently maturing obligations from existing current asset.
Current Ratio = Current Assets / Current Liabilities
2019 2020 2021 2022 2023
Current Assets 598,911.78 1,043,969.54 1,410,968.89 1,776,015.62 2,141,062.35
Current Liabilities 68,733.63 69,634.03 71,586.65 71,586.65 71,586.65
Current Ratio 8.71 14.99 19.71 24.81 29.91

Equity Ratio
It is a debt ratio used to measure a company’s financial leverage.
Equity Ratio = Total Owner’s Equity / Total Assets
2019 2020 2021 2022 2023
Total Owner's Equity 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71
Total Assets 1,027,399.78 1,407,460.54 1,709,462.89 2,009,512.62 2,309,562.35
Equity Ratio 0.93 0.95 0.96 0.96 0.97

Debt – Equity Ratio
It is calculated by dividing a company’s total liabilities by its stockholder’s equity. It also shows the extent to which
shareholders’ equity can fulfill a company’s obligation to creditors in the event of a liquidation.
Debt – Equity Ratio = Total Liabilities / Total Owner’s Equity
2019 2020 2021 2022 2023
Total Liabilities 68,733.63 69,634.03 71,586.65 71,586.65 71,586.65
Total Owner's Equity 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71

Debt-Equity Ratio 0.07 0.05 0.04 0.04 0.03
Return on Sales
This measures the rate of return on sales to calculate how efficiently a company is at generating profits from its
revenue.
ROS = Net Income/ Net Sales
2019 2020 2021 2022 2023
Net Income 357667.152 379160.352 300049.7338 300049.7338 300049.7338
Net Sales 1170240 1170240 1352880 1352880 1352880
Return on Sales 31% 32% 22% 22% 22%

Return on Investment
This measures the rate of return of capital invested by the owner.
ROI = Net Income / Owner’s Equity
2019 2020 2021 2022 2023
Net Income 357667.152 379160.352 300049.7338 300049.7338 300049.7338
Owners' Equity 958666.152 1337826.504 1637876.238 1937925.972 2237975.705
Return on Investment 37% 28% 18% 15% 13%

Payback Period
It involves the computation of the payback period, which refers to the length of time required by the project to return
the initial cost of investment.
Year Net Investment Net Cash Flow Payback Period
2019 600,999.00 581,911.78 19,087.22 1.00
2020 19,087.22 1043969.54 (1,024,882.32) 0.02
2021
2022
2023
1.02
SENSITIVITY ANALYSIS
Scenario Scenario Scenario

Particulars
1 2 3
Increase Decrease Increase Decrease
Sales - 4% 4%
Direct Labor 5% 5%
Advertising Expense 5% 5%
Repairs and Maintenance 6% 6%
Utilities Expense 6% 6%
SCENARIO 1

Sched 2019 2020 2021 2022 2023
1
Revenue ₱1,170,240.00 ₱1,170,240.00 ₱1,352,880.00 ₱1,352,880.00 ₱1,352,880.00
9 102,000.00
Rent Expense 102,000.00 102,000.00 102,000.00 102,000.00
8 97,485.44
Utilities Expense 92,843.28 92,843.28 97,485.44 97,485.44
2 428,009.40
Salaries Expense 319,737.60 319,737.60 428,009.40 428,009.40
13 64,997.00
Depreciation Expense 64,997.00 64,997.00 64,997.00 64,997.00
Gross Margin ₱590,662.12 ₱590,662.12 ₱660,388.16 ₱660,388.16 ₱660,388.16

Less: General Expensessss
5 2,032.80
Office Supplies 2,201.00 1,900.00 2,032.80 2,032.80
4 133,578.00
Production Tools 112,815.00 111,315.00 133,578.00 133,578.00
assumption 5,300.00
Repairs and Maintenance - - 5,300.00 5,300.00
Employer's Contribution 3 54,287.04 54,287.04 149,697.36 149,697.36 149,697.36

20
Permits and Licenses 10,850.00 1,900.00 1,900.00 1,900.00 1,900.00
21
Project Feasibility 7,160.00 - - - -
22 -
Advertising - - - -
367,880.00
Net Income from Operations 403,349.08 421,260.08 367,880.00 367,880.00
Less: Income Tax 23 50,861.19 54,443.39 41,258.29 41,258.29 41,258.29
SCENARIO 1
INCREASE 2019 2020 2021 2022 2023
Revenue - 1,170,240.00 1,170,240.00 1,352,880.00 1,352,880.00 1,352,880.00
Utilities Expense 6% 92,843.28 92,843.28 97,485.44 97,485.44 97,485.44
Salaries Expense 5% 319,737.60 319,737.60 428,009.40 428,009.40 428,009.40
Repairs and Maintenance 6% - - 5,300.00 5,300.00 5,300.00
Advertising Expense 5% - - - - -
SCENARIO 1
RETURN ON SALES
2019 2020 2021 2022 2023
Net Income 454,210.27 475,703.47 409,138.29 409,138.29 409,138.29
Net Sales 1,170,240.00 1,170,240.00 1,352,880.00 1,352,880.00 1,352,880.00
Return on Sales 39% 41% 30% 30% 30%
SCENARIO 1
RETURN ON INVESTMENT
2019 2020 2021 2022 2023
Net Income 454,210.27 475,703.47 409,138.29 409,138.29 409,138.29
Owner's Equity 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71
SCENARIO 2

Sched 2019 2020 2021 2022 2023
Revenue 1 ₱1,123,430.40 ₱1,123,430.40 ₱1,298,764.80 ₱1,298,764.80 ₱1,298,764.80

9 102,000.00
Rent Expense 102,000.00 102,000.00 102,000.00 102,000.00
8 91,967.40
Utilities Expense 87,588.00 87,588.00 91,967.40 91,967.40
2 407,628.00
Salaries Expense 304,512.00 304,512.00 407,628.00 407,628.00
13 64,997.00
Depreciation Expense 64,997.00 64,997.00 64,997.00 64,997.00
₱632,172.40
Gross Margin ₱564,333.40 ₱564,333.40 ₱632,172.40 ₱632,172.40
5 2,032.80
Office Supplies 2,201.00 1,900.00 2,032.80 2,032.80
4 133,578.00
Production Tools 112,815.00 111,315.00 133,578.00 133,578.00
assumption 5,000.00
Repairs and Maintenance - - 5,000.00 5,000.00
3 149,697.36
Employer's Contribution 54,287.04 54,287.04 149,697.36 149,697.36
20 1,900.00
Permits and Licenses 10,850.00 1,900.00 1,900.00 1,900.00
21
22 -
Advertising - - - -

Less: Income Tax 23 50,861.19 54,443.39 41,258.29 41,258.29 41,258.29
SCENARIO 2
DECREASE 2019 2020 2021 2022 2023
Revenue 4% 1,123,430.40 1,123,430.40 1,298,764.80 1,298,764.80 1,298,764.80
Utilities Expense - 87,588.00 87,588.00 91,967.40 91,967.40 91,967.40
Salaries Expense - 304,512.00 304,512.00 407,628.00 407,628.00 407,628.00
Repairs and Maintenance - - - 5,000.00 5,000.00 5,000.00
Advertising Expense - - - - - -
SCENARIO 2
RETURN ON SALES
2019 2020 2021 2022 2023
Net Income 427,881.55 449,374.75 381,222.53 381,222.53 381,222.53
Net Sales 1,123,430.40 1,123,430.40 1,298,764.80 1,298,764.80 1,298,764.80
Return on Sales 38% 40% 29% 29% 29%
SCENARIO 2
2019 2020 2021 2022 2023
Net Income 427,881.55 449,374.75 381,222.53 381,222.53 381,222.53
Owner's Equity 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71
SCENARIO 3

Sched 2019 2020 2021 2022 2023
Revenue 1 ₱1,123,430.40 ₱1,123,430.40 ₱1,298,764.80 ₱1,298,764.80 ₱1,298,764.80

9
Rent Expense 102,000.00 102,000.00 102,000.00 102,000.00 102,000.00
8
Utilities Expense 92,843.28 92,843.28 97,485.44 97,485.44 97,485.44
2
Salaries Expense 319,737.60 319,737.60 428,009.40 428,009.40 428,009.40
13
Depreciation Expense 64,997.00 64,997.00 64,997.00 64,997.00 64,997.00
Gross Margin ₱543,852.52 ₱543,852.52 ₱606,272.96 ₱606,272.96 ₱606,272.96

5
Office Supplies 2,201.00 1,900.00 2,032.80 2,032.80 2,032.80
4
Production Tools 112,815.00 111,315.00 133,578.00 133,578.00 133,578.00
assumption
Repairs and Maintenance - - 5,300.00 5,300.00 5,300.00
3
Employer's Contribution 54,287.04 54,287.04 149,697.36 149,697.36 149,697.36
20
Permits and Licenses 10,850.00 1,900.00 1,900.00 1,900.00 1,900.00
21
22 -
Advertising - - - -

Less: Income Tax 23 50,861.19 54,443.39 41,258.29 41,258.29 41,258.29
SCENARIO 3
INCREASE DECREASE 2019 2020 2021 2022 2023
Revenue 4% 1,123,430.40 1,123,430.40 1,298,764.80 1,298,764.80 1,298,764.80
Utilities Expense 6% 92,843.28 92,843.28 97,485.44 97,485.44 97,485.44
Salaries Expense 5% 319,737.60 319,737.60 428,009.40 428,009.40 428,009.40
Repairs and Maintenance 6% - - 5,300.00 5,300.00 5,300.00
Advertising Expense 5% - - - - -
SCENARIO 3
RETURN ON SALES
2019 2020 2021 2022 2023
Net Income 407,400.67 428,893.87 355,023.09 355,023.09 355,023.09
Net Sales 1,123,430.40 1,123,430.40 1,298,764.80 1,298,764.80 1,298,764.80
Return on Sales 36% 38% 27% 27% 27%
SCENARIO 3
2019 2020 2021 2022 2023
Net Income 407,400.67 428,893.87 355,023.09 355,023.09 355,023.09
Owner's Equity 958,666.15 1,337,826.50 1,637,876.24 1,937,925.97 2,237,975.71

Comparative Analysis
NORMAL SCENARIO 1 SCENARIO 2 SCENARIO 3

Income Statement
2019 357,667.15 454,210.27 427,881.55 407,400.67
2020 379,160.35 475,703.47 449,374.75 428,893.87
2021 300,049.73 409,138.29 381,222.53 355,023.09
2022 300,049.73 409,138.29 381,222.53 355,023.09
2023 300,049.73 409,138.29 381,222.53 355,023.09
ROI
2019 37% 47% 45% 42%
2020 28% 36% 34% 32%
2021 18% 25% 23% 22%
2022 15% 21% 20% 18%
2023 13% 18% 17% 16%
ROS
2019 31% 39% 38% 36%
2020 32% 41% 40% 38%
2021 22% 30% 29% 27%
2022 22% 30% 29% 27%
2023 22% 30% 29% 27%
CHAPTER VIII
SOCIO-ECONOMIC DESIRABILITY
One of the important aspect that must take into consideration in establishing
the feasibility and viability of the proposed general cleaning and laundry services
is the socio-economic desirability. Such aspect takes into account the necessity to
consider the effect of the proposal towards the limitless sectors of the society.
Every business entity, whether it is long-term or short-term, their primary goal is
one and the same – to gain profits, however, those persons composing the society
are in fact, the reasons of its being. Likewise, the said proposal is regarded to
affect the economy since income produced out of the offered services will boost
the country’s economy as a whole.
This chapter considers the desirability of the service not only from the
perspective of the proposal but from the viewpoint of the society as a whole.
Among the numerous sectors that can be benefited from the proposed study once
implemented are the following:
Government
The operation that are taken by the government have a great and important
effect and influence to a country’s economy. The government earns additional
revenues from the payments for permits, licenses, and tax collection done by the
proposed study. Such taxes and other dues levied by the government will be
utilized to improve the public funds appropriated for progressive projects and
programs and can be considered to promote the economic development,

stabilization, and growth. The said amounts will serve as financial aid of the
business to the government.
Community
Employment has been one of the basic human rights, yet, plentiful remain
to be unemployed because of lack of job opportunities. The implementation of the
proposed study will increase employment opportunities to the few people in the
community. Such opportunity will also, provide them a potential source of income
to support and provide assistance to their families. It could help address and lessen
the rate of jobless individuals and improve and promote economic stability.
Moreover, the ability of those persons to be hired would then be used, making
them constructive citizens.
Related Industries
A business cannot stand on its own without the necessary help that are
provided from significant related industries and outside control, also, for them to
complement its operations and carry on its existence. The implementation of this
proposed study will able to generate more sales by increasing more clients which
leads to higher sales and profits. For this proposed study, among related industries
to be assist are the tools and machineries supplier and producer of the cleaning
and laundry materials and other institutions as the need increases.

Prospective Competitors
Competition has always been an element affecting a business’ operation.
And so, the prospective competitors would also be benefited from the proposed
study as this could be their basis for improving the services that they are offering.
Target Market
Most, if not all workers and students at present don’t have enough time to
do other things aside from their daily works and of the tiring schedule. As an
outcome, most of them cannot manage to their cleaning and laundry works. With
the implementation of this proposed study, especially tenants of the three (3)
Apartments will have less burden in doing such chores and will be provided with
quality service and utmost care. In addition, they will also enjoy incentives for
patronizing the services offered.

SCHEMATIC DIAGRAM SHOWING THE SOCIO-ECONOMIC DESIRABILITY
A Proposed General Cleaning and Laundry Services for Apartments in Cebu City
SECTORS BENEFITS OUTCOME
Generates revenue More government

Government from taxes, projects and
permits, and programs will be
licenses implemented
Potential source of
Employment income, reduce
Community
opportunities unemployment, and
economic stability
Help other
industries to Higher sales and
Related Industries generate more profits
sales; promotes
their growth
Prospective Basis for

improvement of Expand services
Competitors
services offered
Quality service; saved

Contentment from
Target Market time and less burden
the services offered
upon availing of the
services
FIGURE 36
CHAPTER IX
STRENGTHS, WEAKNESSES, OPPORTUNITIES, THREATS ANALYSIS
SWOT analysis is a basic, straightforward model in environmental scanning
which helps the company evaluate the strengths, weaknesses, opportunities, and
threats of the organization. It also entails the objective of the business and is
important to take into account the external and internal factors that affect the firm
both directly or indirectly. The SWOT analysis distinguishes the internal factors
(strengths and weaknesses) and also the external factors (opportunities and
threats). It plays a crucial part in planning the business because this involves
decision-making which means this makes businesses continue operating. The
SWOT analysis also helps business owners to formulate effective strategies to
stand out in the market.
It is essential in making plans on how to compete in the market and
to achieve a satisfying result of these strategies. Every factor has to be monitored
carefully since it all affects the performance and success of the business. SWOT
analysis is a fundamental framework to yield strategic options based on a
situational analysis. It is needed to help the business build platform in the market
by supplying data that is helpful in using the business resources productively.
Thus, the proponents greatly believe that the SWOT analysis is very
significant in determining the strengths, weaknesses, opportunities, and threats of
the business.
SWOT ANALYSIS
TO CONVERT BUSINESS’S WEAKNESS INTO STRENGTHS
New Entrants in the Industry
The proposed project is a new entrant to the market. Therefore, the
business should be well-prepared for the possible barriers that the existing firms
would pose. The company should promulgate the quality and should aim to build
a good relationship with new customers by dealing in a licit way. Weaknesses
should not be taken negatively instead the business should take over it on a
positive note, new businesses also draws attention from the market. The quality of
the service rendered to customers is an important factor to be considered in the
operation. Having that theory, an establish reputation shall govern the industry by
carefully choosing the employees who are equipped and well-trained.
Poor Quality of the Service
Most tenants are hesitant to apply for this service because they are doubtful
that the money they will be paying will not be worth it for the service they will
receive.
Doubts in the service for their security of assets
It is one reason why people are hesitant to indulge in this kind of service;
they feared that there would be theft or breakage in their home. They worry about
the security of their assets.
TO CONVERT THREATS INTO OPPORTUNITIES
Future Competitor
Future Competitor In every market, there will always be existing and future
competitors of every business. This threat can be considered as an opportunity for
every business to introduce and improve the quality of the service rendered to
customers. The organization shall not focus on the threat of future competitors;
somewhat focus on customer satisfaction and development of strategies. Also, this
threat can be aided by improving facilities in order to sustain and give quality
service to customers.
Downturn Economy
Inflation, a factual undertaking in our society is one great example of a
downturns in the economy that cannot be prevented On a positive note, this threat
can prove the viability and stability of an organization when it deals in such
situations. It makes room for the development of managerial abilities and wise
decision-making.
TO MATCH COMPANYS’S STRENGTHS WITH OPPORTUNITIES AND VICE
VERSA
STRENGTHS:
Benefits of the service offered
The proposed business services benefits are mold to meet the needs and
demand of the people living in an apartment in the city. Inside the busy town, the
people that are mostly occupying in an apartment are students or people with a
career to uphold, with this kind if people time is precious for them and a little time
available for them to have would likely be spent for relaxing. Hence, their needs to
clean their room would possibly be the less of their concern.
Convenience of Service
The offered services will be provided directly to the consumers. Hence there
is no need for the tenants to travel to look for external laundry service provider.
With this said, delivery system is set-up to facilitate the flow of operation. The
industry will provide its services in the manner that is most convenient to the
customer, including arranging for visits according to the tenants suitable and
preferred time. The business also has limited competitors in laundry services and
no competitors with the other services offered. Through this, the proponents
expected steady and consistent market demand.

Well train employee
The consumers are assured that all employees will be well taught to exude
professionalism from all of their actions and conversations. Thus, the tenants can
trust that the employees will provide them the best and comprehendible quality
service.
Assurance of assets
People have legitimate concerns regarding cleaning services in their home
and the possibility of theft and breakage. These concerns have been eliminated
or significantly reduced through a comprehensive screening and training process
for employees. , Along with that tenants should be around when the service is
conducted as part of the service protocol set by the management.
OPPORTUNITIES:
Increase in the demand of the market
The tenants in the apartment are mostly students and people with a career
to uphold which requires due amount of time and their attention hence, the least
of their concern would be cleaning their rooms. This situation will give an
opportunity for cleaning services to be an option in the market. Thus, the shifts in
consumer consumption habits that are moving toward increased utilization of
cleaning services will result to increase of demand in the market.

Limited Competitors
The services that the business is proposing is basically new to the market
with only a few active competitors in the market. Hence, the proposed business
has the advantage of gathering more customers, and since the industry is focusing
on catering customers in the apartments, the competition is very thin.
Steady Growing of Industries
The growth of the economy in our country gradually increase the
infrastructure of apartments and dormitories which gives an opportunity to the
proposed business to reach more potential customers who are in needs of its
services making the industry more profitable.

SWOT MATRIX
STRENGTHS WEAKNESSES
 Convenience of the  New Entrants in the
service Industry
 Well train employee CONVERT  Poor Quality of the
 Assurance of assets Service
 Doubts in the service for
their security of assets
MATCH
OPPORTUNITIES THREATS
 Increase in the demand of  Future Competitor
the market  Downturn Economy
CONVERT
 Limited Competitors
 Steady growing of
Industries
FIGURE 37
CHAPTER X
SUMMARY, FINDING, CONCLUSION, AND RECOMMENDATION
SUMMARY
This study was aimed to determine the feasibility and viability of the
Proposed General Cleaning and Laundry Services for Apartments in Cebu City.
Explicitly, the following queries are answered.
1. Is the proposed project feasible regarding the following aspects?
1.1 Technical
1.2 Marketing
1.3 Management
1.4 Taxation and Legal
1.5 Financing
1.6 Financial
1.7 Socio-Economic Desirability
1.8 SWOT Analysis
2. Based on the findings, what recommendations can you give for the
proposed project?
Research Methodology
In this study, the descriptive survey method of research was used. Using the
questionnaire made by the proponents, data were gathered from the total
population of the specific target market are the occupants of the apartments. The
apartments currently have a total of 110 units. It covers professionals, employees,
and students. This amount has become the basis for sample size of this study.
The proponents decided that the sample size would be the total population of
the apartments
FINDINGS
The following findings have been achieved based on the data of the
previous chapters, to wit:
Technical Aspect
The proposed office for the general cleaning and laundry services will is
located at Sto. Niño St., Cebu City, Cebu near the workers and the target market.
The space to be occupied by this proposed business is a commercial building.
Marketing Aspect
Based on the survey conducted by the proponents, the establishment of a
general cleaning and laundry services is needed to cater the demand of the
respondents regarding cleaning and laundry. About 37% are students residing,
27% are workers, and 32% are professionals in the said apartments which make
it demandable for their lack of time if they do their laundry and cleaning. Out of the
110 respondents, only 93 are interested or willing to avail of the service offered by
the firm.
Management Aspect
Sole Proprietorship is considered to be the most appropriate for this
business since the owner will have full control on the business transaction and
operations. For guidance, the owner must employ a supervisor, driver, laundry
personnel and cleaning personnel. The desired business hour for this business is
from 8:00 AM to 5:00 PM and will operate one week.
Legal and Taxation Aspect
The proposed business must comply with the requirements needed by the
Bureau of Internal Revenue (BIR), Department of Trade and Industry (DTI), and
Department of Labor and Employment. The business must secure permits and
other local permits, filling with BIR and the application of SSS, Philhealth, and Pag-
ibig. The owner and employees will be subject to income tax.
Financing Aspect
The proposed project requires an initial investment of Php 600,999.00.
Allocated for the purchase of equipment, furniture and fixtures, supplies and other
costs and expenses needed to finance and support the establishment of cleaning
and laundry services. The source for the financial need of the firm relies on the
personal investment or account of the proprietor of the business or from any loan
granted to the sole proprietor of a financial institution.

Financial Aspect
If the proposed firm is pursued the capital investment of the proprietor will
be reacquired after 1.02 years. It is projected that in the first year of operation, the
business will acquire a profit of 454,210.27. The four succeeding years of
production is projected to have a profit of 475,703.47, 409,138.29, 409,138.29 and
409,138.29 respectively. The return of investment for the year 2019, 2020, 2021,
2022, 2023 are 37%, 28%, 18%, 15% and 13% respectively.
Socio-Economic Desirability
This business would bring benefit to the potential implementer, society, and
economy. This proposed business has a high sociological and economic
desirability since it will provide employment opportunity to unemployed individuals.
It will also offer a high-quality service to the public especially to the students and
employed individuals who will benefit from the usage of the service. The
government will also profit from the payment of taxes and other legal documents
needed for the implementation of such business.
SWOT Analysis
The proponents have detected varied of strengths such as decent quality of
service, accessibility of the business location and acquiring of well-trained and
trustworthy staffs. However, the proponents also discovered some weaknesses of
the proposed business such as being a new entrant in the industry, and because
of it, costly advertising is needed for it to be known and implemented. The high
cost of some expenses is also seen to be a weakness for the proposed business.
The proponents also predicted that there might have an increase in demand by the
steady growing of industries and the presence of limited competitors, but the
proprietor would also have to consider the future competitors that may enter to the
same industry.
CONCLUSION
After a thorough study of all the aspects in this feasibility study, the
proponents have concluded based on the data presented of the Proposed General
Cleaning and Laundry Services for apartments in Cebu City is attainable, socially
and economically desirable and financially feasible.
RECOMMENDATIONS
With the findings, to improve the profitability of the proposed business, the
proponents further recommended the following:
 Intensify the advertisement of the industry to embolden customers to avail
the service
 Escalate market strategies and continually improve a good quality of
services towards customers
 Provide excellent feature of security and amenities of the business
 Supervise the control of materials used for the operations.

BIBLIOGRAPHY
http://mpm.ph/register-a-sole-proprietor-business/
https://www.google.com.ph/maps/@10.2944878,123.8795522,14z
https://www.bir.gov.ph/index.php/registration-requirements.html
http://www.pagibigfund.gov.ph/benpromembership.aspx
http://mpm.ph/register-in-sss/
https://www.entrepreneur.com/slideshow/299865
http://smallbusiness.chron.com/tips-market-cleaning-business-2658.html
http://blog.mollymaid.com/2013/01/24/the-complete-list-of-house-cleaning-
supplies-and-equipment/
https://www.scribd.com/doc/316055159/Household-Services
University of San Jose – Recoletos
Magallanes Street, Cebu City, 6000 Cebu
(032) 417 9500
November 25, 2017
Hon. Juluis O. Guioguio

Barangay Captain
Anix Bldg, L. Flores St, Cebu City
Cebu, 6000 Philippines
Dear Hon. Guioguio:

Greetings of Peace!
In partial fulfillments of our requirements for Project Feasibility, we fourth year students
of University of San Jose - Recoletos, taking up Bachelor of Science in Management
Accounting would like to ask for your permission to conduct a research study entitled “A
Proposed General Cleaning and Laundry Services for Apartments in Cebu City”.
In connection with this, we would like to ask your good office to allow us to use your
materials as one of our references and to conduct our survey and interview in your
vicinity. Rest assured that the data we will gather will remain absolutely confidential and
to be used on academic purposes only.
We hope for your positive response on this humble matter. Your approval to conduct
this study will be greatly appreciated. For further questions please contact us at
09322634365.
Thank you very much!
Respectfully yours,
Mathew Anthone Dausin

Group Leader
Received by:
Hon. Juluis O. Guioguio

Barangay Captain
(032) 417 9500
January 4, 2018
Ms. Kristine June D. Uy, CPA

Chairman, Accountancy and Finance Department
University of San Jose - Recoletos
Magallanes Street, Cebu City
Dear Ms. Uy:
Greetings!
The Accountancy and Finance Department acknowledges that currently there is a need to bridge the gap
between what is being taught in the classroom and what is being demanded by the industry. As such, the
department has always been supportive of the emerging trends in the Philippine education system such
as the implementation of outcomes-based education.
As fourth year Bachelor of Science in Management Accounting students, we are currently conducting a
feasibility study entitled, “A Proposed General Cleaning and Laundry Services for Apartments in Cebu
City”. We will have our oral defense this coming January 6, 2018, 5:30 to 7 PM at the Business Resource
Center (BRC).
In this connection, we humbly ask you to be one of our panelists for the said activity. You are to critique,
evaluate, ask questions, and suggest recommendations to improve our study. We believe that your
knowledge and expertise can surely be of great help in the success of our study.
Thank you so much and Adelante!
Respectfully yours,
Mathew Anthone L. Dausin

Team Representative
Noted by:
Ms. Meradel Costan, CPA

Adviser
(032) 417 9500
January 4, 2017
Ms. Jasmine Perez, CPA

Faculty, Accountancy and Finance Department
Dear Ms. Perez:
Greetings!
As fourth year Bachelor of Science in Management Accounting students, we are currently conducting a
feasibility study entitled, “A Proposed General Cleaning and Laundry Services for Apartments in Cebu,
City”. We will have our oral defense this coming January 6, 2018, 5:30 to 7PM at the Business Resource
Center (BRC).
evaluate, ask questions, and suggest recommendations to improve our study. We believe that your
knowledge and expertise can surely be of great help in the success of our study.
Respectfully yours,

Team Representative
Noted by:

Adviser

(032) 417 9500
January 4, 2017
Mr. Alejandro Galang

Faculty, Accountancy and Finance Department
Dear Mr. Galang:
Greetings!
As fourth year Bachelor of Science in Accountancy and Management Accounting students, we are
currently conducting a feasibility study entitled, “A Proposed General Cleaning and Laundry Services for
Apartments in Cebu, City”. We will have our oral defense this coming January 6, 2018, 5:30 to 7PM at the
Business Resource Center (BRC).
evaluate, ask questions, and suggest recommendations to improve our study specifically on the
Marketing Aspect. We believe that your knowledge and expertise can surely be of great help in the
success of our study.
Respectfully yours,

Team Representative
Noted by:

Adviser

Cleaning and Laundry Services Contract
www.wiseangcleaningandlaundryservices.com
Agreement for Services, Policies, and Procedures
This agreement for cleaning services between _________________________ (hereafter referred to as

"Client") and WISEANG Cleaning and Laundry Services (hereafter referred to as "Contractor") is made
and entered into upon the following date: 02 / 06 / 2018.
The apartment stated in this agreement is found at the following address:

____________________________________________________________________
The Client would like to have the above mentioned apartment maintained on a regular basis. The Client
and Contractor hereby agree to the following terms:
1. Client will give Contractor access to the inside of the apartment during regular business hours and any
additional mutually agreed upon times.
2. Client will receive 10% of net sales every end of the month commission from the Contractor as
compensation for the
3. Services to be performed by Contractor include the following: washing and folding clothes; vacuuming
of carpets, dusting, and polishing of furniture; cleaning of floors, bath tubs and shower stalls, toilets, sinks
and all sink fixtures; in addition removal of trash from the interior trash containers and brought to the
outdoor dumpster.
4. For the mode of payment, the tenants will have to pay for the contractor and at the end of the month,
the contractor would provide a summary of transactions for that month to the client.
5. Contractor will begin performing Cleaning and Laundry Services on January 3, 2019 Thereafter,
Cleaning and Laundry Services shall be performed on a mutually agreed upon schedule.
6. Either party may terminate this contract with written notice. Any payment for above mentioned services
owed by the Client shall be due and payable at the time the agreement is terminated.
Either party may terminate this contract at any time by supplying a written notice of termination on a
specified date to the other party, with at least two weeks’ notice prior to the stated date of termination.
If there is any litigation needed between the Client and Contractor it shall be filed and tried in the
Contractor's local jurisdiction.
In agreement to the above mentioned terms the Client and a representative of the Contractor shall sign
below:
______________________________________ Date____________
Signature of the Client
______________________________________ Date____________
Signature of Contractor
APPENDIX A
APPENDIX B
REPUBLIC OF THE PHILIPPINES
Office of the Punong Barangay
________________, Cebu City, Cebu
BARANGAY CLEARANCE
(Required under Sec. 152, Par. (c))
This is to certify that ___________________, doing business under the style and
name _______________________, (if any) is legitimately engaged in the business of
______________ (refer to footnote), with address at ____________________ Cebu
City, Cebu.
The applicant has been doing business within the barangay since __________
and known to the community as peace loving and law abiding citizen. (Write “Not
applicable” at the blank space in case of first application).
His/Her business establishment does not encroach on any public road or street.
Issued pursuant to Sec. 152, par (c) of R.A 7160 otherwise known as Local
Government Code of 1991.
Barangay ________________, Cebu City, Cebu __________ 20__.
______________________
PUNONG BARANGAY
APPENDIX C
APPENDIX D
APPENDIX E
APPENDIX F
APPENDIX G
APPENDIX H
APPENDIX I
APPENDIX J
APPENDIX K
APPENDIX L
APPENDIX M
APPENDIX N
APPENDIX O
APPENDIX P
APPENDIX Q
APPENDIX R
CURRICULUM VITAE
MATHEW ANTHONE L. DAUSIN
Bachelor of Science in Management Accounting
PERSONAL DETAILS
Address: 285 SB Cabahug St., Ibabao – Estancia Mandaue City

Date of Birth: July 9, 1997
Place of Birth: Cebu City
Nationality: Filipino
Religion: Roman Catholic
Email Address: mathewanthonedo@gmail.com
EDUCATIONAL BACKGROUND
TERTIARY EDUCATION

Magallanes Street, Cebu City, Philippines
2014 – 2018
SECONDARY EDUCATION
SAINT LOUIS COLLEGE CEBU

Sudlon Maguikay Mandaue City
2010 – 2014
PRIMARY EDUCATION
IBABAO – ESTANCIA ELEMENTARY SCHOOL

Ibabao – Estancia Mandaue City
2004 – 2010
AIRES S. JUGALBOT
PERSONAL DETAILS
Address: 03-532 Purok Talong, Catarman, Lilo-an, Cebu
Date of Birth: September 21, 1997
Place of Birth: Catarman, Lilo-an, Cebu
Email Address: jugalbotaires@gmail.com
TERTIARY EDUCATION

2014 – 2018
SECONDARY EDUCATION
CONSOLACION NATIONAL HIGH SCHOOL

Consolacion, Cebu City, Philippines
2010 – 2014
PRIMARY EDUCATION
CATARMAN ELEMENTARY SCHOOL

Catarman, Lilo-an, Cebu City, Philippines
2004 – 2010
KATHLEEN JOY A. NEPOMUCENO
PERSONAL DETAILS
Address: 130 A-Lopez St., Balaga Drive, Labangon, Cebu City
Date of Birth: April 29, 1996
Email Address: kjoynepomuceno@gmail.com
TERTIARY EDUCATION

2013 – 2018
SECONDARY EDUCATION
UNIVERSITY OF CEBU – MAIN CAMPUS

Sanciangko Street, Cebu City, Philippines
2009 – 2013
PRIMARY EDUCATION

Basak, Pardo, Cebu City, Philippines
2003 – 2009
JESSA MAE S. PEREZ
PERSONAL DETAILS
Address: Canton Village, San Isidro, Talisay City Cebu
Date of Birth: December 24, 1996
Email Address: jessaperez96@gmail.com
TERTIARY EDUCATION

2014 – 2018
SECONDARY EDUCATION

N. Bacalso Avenue, Basak Pardo, Cebu City, Philippines
2010 – 2014
PRIMARY EDUCATION
MONTEREY SCHOOL OF LEARNING

San Isidro Road, Talisay City, Philippines
2004 – 2010
GEONICA C. CANDONGO
PERSONAL DETAILS
Address: Lower Tabok, Mandaue City
Date of Birth: June 21, 1997
Email Address: candongogeonica@gmail.com
TERTIARY EDUCATION

2014 – 2018
SECONDARY EDUCATION
ST. PAUL COLLEGE FOUNDATION INC.

Highway, Maguikay, Mandaue City
2010 – 2014
PRIMARY EDUCATION
TABOK ELEMENTARY SCHOOL II

Lower Tabok, Mandaue City
2004 – 2010
Rosalie Escoreal
Bachelor of Science in Accountancy
PERSONAL DETAILS
Address: Libo, Tayud, Consolacion, Cebu
Date of Birth: September 7, 1990
Place of Birth: Tayud, Consolacion, Cebu
Email Address: rosalieescoreal@gmail.com
TERTIARY EDUCATION

2014 – 2018
SECONDARY EDUCATION
TAYUD NATIONAL HIGH SCHOOL

Tayud, Consolacion, Cebu
2003 – 2007
PRIMARY EDUCATION
TAYUD ELEMENTARY SCHOOL

Tayud, Consolacion, Cebu
1997 – 2003
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A PROPOSED GENERAL CLEANING AND LAUNDRY SERVICES FOR

APARTMENTS IN CEBU CITY

A PROJECT FEASIBILITY PRESENTED TO

THE FACULTY OF THE COLLEGE OF COMMERCE

UNIVERSITY OF SAN JOSE – RECOLETOS

CEBU CITY PHILIPPINES

OF THE REQUIREMENTS OF THE DEGREE

BACHELOR OF SCIENCE IN MANAGEMENT ACCOUNTING

MATHEW ANTHONE L. DAUSIN JESSA MAE S. PEREZ

AIRES S. JUGALBOT GEONICA C. CANDONGO

KATHLEEN JOY A. NEPOMUCENO ROSALIE ESCOREAL

L. Dausin, Aires S. Jugalbot, Kathleen Joy A. Nepomuceno, Jessa Mae S. Perez,

degree of Bachelor of Science in Management Accounting, is hereby accepted and

recommended for Oral Examination.

MS. MERADEL M. COSTAN, CPA

ACCEPTED as partial fulfillment of the requirements for the Degree of Bachelor of

Science in Management Accounting.

DR. EDGAR R. DETOYA, CPA

Dean, College of Commerce

Ms. Jasmine Perez, CPA Mr. Alejandro Galang, MMExM

Ms. Kristine June Uy, CPA

names who made this study into realization.

To Ms. Meradel M. Costan, the adviser and guide of the proponents or

their full capabilities.

To the respondents, who enthusiastically shared their precious time in satisfying

feasibility study be possible and successful within the given time.

support, paved the way to the success of this study.

MATHEW ANTHONE L. DAUSIN

KATHLEEN JOY A. NEPOMUCENO

JESSA MAE S. PEREZ

CHAPTER PAGE NO.

I. THE PROBLEM AND ITS SCOPE

Rationale of the Study

STATEMENT OF THE PROBLEM 3

SIGNIFICANCE OF THE STUDY 3

Research Methodology and Instruments

II. TECHNICAL ASPECT

TOOLS, MACHINERY, AND EQUIPMENT 12

SERVICE SCHEDULE/ CAPACITY 18

III. MARKETING ASPECT

METHODS OF DATA COLLECTION 27

POPULATION OF TARGET MARKET AND RESPONDENTS 27

PROJECTED ANNUAL DEMAND 33

POTENTIAL MARKET SHARE 38

Advertising and Promotion

IV. MANAGEMENT ASPECT

MANAGEMENT DURING THE PRE-OPERATING PERIOD 42

MANAGEMENT DURING THE OPERATING PERIOD 47

Form of Business Organization

Job Specification and Qualification 50

Management Policies and Regulations 58

V. LEGAL AND TAXATION ASPECTS

Registration of Business Name 62

Procurement of Business Permits and Licenses 64

Registration with the Bureau of Internal Revenue 65

Application for Social Security System Membership 65

Annual Registration Fee 68

VI. FINANCING ASPECT

ESTIMATED PROJECT COST 70

NOTES TO ESTIMATED PROJECT COST 71

VII. FINANCIAL ASPECT

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE 83

PROJECTED STATEMENT OF FINANCIAL POSITION 84