[START UP PLANS

A. SOURCES OF CAPITAL
Partner’s initial capital P1,000,000
contribution
Total initial Capital. P1,000,000
B. START UP EXPENSES
 Store location Cost

First 6 months rent P120,000

Renovation( Initial ) Cost 189,400
Total store location cost P309,400

 PPE
Machineries and equipment P225,000
Office equipment 48,658
Furniture and fixture 10,000
Total PPE. P283,658

C. ADVERTISING EXPENSE P8,000

D. Admin. Expenses
Accounting and legal fees P20,000
Utility deposit 10,000
Total admin. Expenses. P30,000

E. OTHER START UP EXPENSES

Repair and maintenance P4,800
Office supplies 2,050
Miscellaneous expense 5,230
Redemption counter inventory 7,300
Total Other expenses. P19,380

Depreciation expense for first year of Depreciation Depreciation

operation Cost Useful life method expense

machinery 225,000 10 yrs. Straight line 22,500

office equipment 48,658 10 yrs. straight line 4,865.80

Furniture and fixture 10,000 10 yrs. straight line 1,000

Total Depreciation Expense 28,365.80

SUMMARY STATEMENT
Partners Capital contribution P1,000,000
Total P1,000,000

Start-up expenses:
Admin. Expense 30,000
Store loc. cost 309,400
PPE 283,658
Repair and maintenance 4,800
advertising expense 8,000
Other start-up expense 14,580 650,438
Working Capital P349,562

Per unit projection

Price
Expected No. of per
Sales of : customer days Total session total sales
Hitech billiards(P30/30mins./pair 10 pairs 7 70 30 2,100
Bricking-out (P30/30mins/person) 20 persons 7 140 30 4,200
Piko (P10/10mins./person 20 persons 7 140 10 1,400
MMW ( P10/10Mins./person) 20 persons 7 140 10 1,400
MBYW (P30/30mins./person) 20 persons 7 140 30 4,200
Total Sales a week 13,300
* 4 weeks
First Month sale ( April ) 53,200
May ( increase by 5%) 55,860
June (increase by 5%) 58,653
July (increase by 3%) 60,413
August (increase by 3%) 62,226
September (increase by 3%) 64,093
October (increase by 3%) 66,016
November (increase by 3%) 67,997
December (increase by 3%) 70,037
January ( increase by 1%) 70,737
February (increase by 1%) 71,444
March (increase by 1%) 72,158
Projected sales for first year
operation 772,834

Projected Profit and Loss

Sales(Revenue) 772,834
less: Cost of Sale
Beginning Inventory in Redemption counter 7,300
Purchases 12,700
less: Ending Inventory in Redemption counter 5,000 15,000
Gross Profit 757,834
less: Operating expenses
advertising 10,000
Utility 132,000
Communication 23,988
miscellaneous 11,000
Repair and maintenance 9,600
administrative expense 40,000
Rent expense 240,000
supplies expense 8,000
Depreciation expense 28,365.80 504,953.80
Net Income 254,880.20
 PROJECTED BALANCE SHEET
ASSET
Current Asset
Cash 1,100,588
Office supplies 2,000
Inventory 5,000
Prepaid expense 120,000
Total Current Asset 1,227,588

Noncurrent Asset
Furniture and fixture 10,000
accum. depreciation -1,000 9,000

Machinery 225,000
accum. depreciation -22,500 202,500

Office equipment 48,658

accum. depreciation -4,865.80 43,792.20
Total Asset 255,292.20 1,482,880.2

LIABILITIES AND CAPITAL

LIABILITIES
Current Liability
Loan Payable (current portion) 228,000
Total Liabilities 228,000

PARTNERS' CAPITAL
Teofe, Capital 250,976.04
Teresa, Capital 250,976.04
Gretchen, Capital 250,976.04
Patrick, Capital 250,976.04
Soc, Capital 250,976.04

Total Liabilities and Capital 1,482,880.2