Chapter 1

EXECUTIVE SUMMARY

Name of Applicant : Atencio, John Elvie J.

Banawis, Michael James III. Jr

Carbonilla, Exal Rod O.

Catapan, Arnold Bryan G.

Cinco, Mary Grace

Project Name: “Construction of Lapinig Gasoline Station”

Location of the Project: Lapinig, Northern Samar

Brief Project Description:

This feasibility study offers a livelihood and advance structure consist

of eight fuel dispenser within four stations as well as other services offered for the

enhancement and fixation of certain vehicles that can be afforded within reachable

amount. The said feasibility study also consists of a mini store not only intended for

the vehicular needs but also for the people.

Vision

A high quality and first class gasoline station providing the every needs of the vehicle

and people in the province.

Mission

Give the best quality of service that will eradicate the inconvenience of our valued

clients.
 Goal

Deliver the full satisfaction to the clients.

Objectives

Generally, this project aims to produce a newly structure that gives the

best quality and satisfaction to the costumers.

1. To enhance the economic activity of the municipality of Lapinig.

2. To provide needed services and equipments for the convenience of the

public.

3. To provide a well-planned and comfortable gasoline station to aid

vehicles and help the community that corresponds to the increasing

number of vehicle in the area.

Major Assumptions, Summary of findings:

1. Market Feasibility

This proposed business could arrive to its target market by considering

the percentage of willing and possible clients and the satisfaction to the

facilities and services.

2. Technical Feasibility

This business project is in the field of service type entity. It offers

certain services most importantly for their vehicular needs whereas costumers

will greatly be encouraged if their needs are being provided. The researchers

design the structure based on the specification in the construction to get the

standard finished product building. This structure requires materials that are

calculatedly ordered in the market because of the design requirement.

3. Financial Feasibility

The project can be done through a partnership or through corporate

type of business for it needs investors that are sufficient that’ll support the

business. Starting the business might encounter some struggles on its

primary operations but such stages are needed for the growth of the project.

4. Social and Economic Desirability

Considering the laws and regulations imposed by the local government

of Lapinig, Northern Samar, the management of the proposed project will

assuredly follow all of the specified rules to righteously. This project will also

help to the development of the province by creating high interest to the slowly

emerging economic level of the region.

 Chapter II
Project Background

Project Promoters

Atencio, John Elvie J.

Banawis, Michael James III. Jr.

Carbonilla, Exal Rod O.

Catapan, Arnold Bryan G.

Cinco, Mary Grace

Business Name

Construction of Lapinig Gasoline Station

Gasoline Station is located at Lapinig, Northern Samar. The researchers

derived the name of this project in the consideration of the owner and beneficiary of

this study. The location is within the vicinity area of the municipality.

Project Background

Project Orientation

Lapinig Gasoline Station is a typical fuel station just like any other fuel station

around the country. But rest assured that although it’ll be of typical type structure still

it will put gap to any other gas station for it will be more unique, with advance

equipments and special services offered that will surely create huge impact and

attract potential clients.

Market Orientation

The primary objective of the project is to target the potential clients of Lapinig,

Northern Samar, the business does not discriminate in terms of the location of the
probable clients, and the business will also be flexible and will depend on the needs

of clients. Special services are offered for the convenience of the clients and to

create good relationship between the management and the clients in all affordable

costs. The project will be ideal for all clients with common vehicle that are struggling

for something in their vehicle.

 Chapter VI
Socio Economic Activities

Service Area

Related Laws and Regulations

For the realization of the project, the following laws and

regulation will be considered:

1. National Internal Revenue Code of 1997 (NTRC)

Because this is a profit-oriented establishment, NTRC will

be applicable. Some of the specific laws related to this project

are as follows:

a. Tax Reform Act of 1997 (R.A. No. 8424) - The amended

law covers income taxation, withholding tax, value-added

tax, excise tax, percentage tax, stock transaction tax,

initial public offering tax, documentary stamp tax,

customs duty, and local taxes which is also related to this

project. Salaries of the employees of this project who are

receiving purely compensation income will be subjected

also to withholding taxes.

b. Municipal Ordinance No. 2012-116-14 - This ordinance

covers specific licensing and taxes payments for every

kind of business within the jurisdiction of the municipality.

This project will incur start-up expenses which will be

enumerated in the Projected Licensing and Taxes

Payments Section of this paper.

2. Labor Code of the Philippines

This business have employees, this law will be applicable

throughout its operation. The project promoters identified the

following specific laws or regulations which are related to this

project:

a. Republic Act 6727 (Wage Rationalization Act) -

through Wage Order No. RB VIII-18, a new wage

structure for Eastern Visayas on May 1, 2015 was

prescribed. A minimum of P260.00 daily wage rate is

applicable for this business for its employees according to

the Department of Labor and Employment.

b. Republic Act 7641 (Retirement Benefits Plan to

Qualified Private Sector Employees) - is applicable to

this project for the employees. The settlement age for an

employee will depend on the employment contract. Upon

retirement, the retired employee should be given him/her

benefits according to the agreement or contract between

the employer and the employee.

c. Republic Act No. 7875 (National Health Insurance) - is

applicable to the employees of the business effective on

February 14, 1998, all members contribute to the national

health insurance fund. In accordance with a measurable,

suitable and progressive contribution schedule.

d. Emergency, Medical and Dental Services - this

establishment is required to maintain a first-aid medicine

 and equipment by the Department of Labor and

Employment (DOLE). In case of fire or any emergency,

there should be a fire or emergency exit. Fire

extinguishers must be present within premises of the

building.

Cost Benefit Analysis

Lapinig Gas Station delivers services with an ultimate quality to

meet the needs and expectations of the clients. For an every services

or gasoline available in the project there will be an affordable cost, the

fees are said to be based on the type of gasoline and services

requested. The benefit of the client/costumers is one concern of the

management in order for the business to be productive.

Expected Benefits to be Derive

Several of the benefits are possible to the management, job

opportunities to the nearly public and even to the Local Government

Unit as one of the aspect for developing the municipality.

To the Target Costumers

Producing such type of project is sort of different and relationship

between the management and the costumers are major concern so

providing the best quality of service is given.

To the Local Government

The Province of Northern Samar especially the Municipality of

Lapinig will be benefited by providing job to the public.

 Chapter VII
Sensitivity and Risk Analysis

Risk Identification

The proposed project study will encounter inconvenience in

aiming the profit of the business but these are considered because of

the flow of financial situation in the locality.

1. Economic - economic situation’s, the increase and the decrease

of income of an individual’s produce the constant change of

profit percentage.

2. Competitors - the presence of similar type of business will give a

permanent effect on the demand.

3. Weather - climate is also a factor in this type of business.

Risk Analysis

1. Economic - the economic situation of the locality will affects the

profitability of the project, constant change of supply will be

observed continuously.

2. Competitors - applicable strategic plan in the management must

be implemented to maintain the demand of the business.

3. Weather - it may affect the flow of the business especially during

the typhoon season, since the demand of the business may

possibly decrease.