ST.

DOMINIC COLLEGE OF ASIA

SENIOR HIGH SCHOOL DEPARTMENT
St. Dominic Complex, Aguinaldo Highway, Bacoor City, Cavite Philippines
ACCOUNTING, BUSINESS AND MANAGEMENT STRAND

A Proposed Business Plan Emitted

SUMAN SPLIT:
ESTABLISHING A FRIED SUMAN SPLIT KIOSK IN ST. DOMINIC COLLEGE OF ASIA

Submitted to
PROF. MELBERT V. ANIMAS, CHP
Course Adviser

In Partial Fulfillment
of the Requirements for
ENTREPRENEURSHIP

By
ADELAN, JOAN
ALIMORONG, ARLI MIGUEL
DAGALE, JANELLA
LALU, JOEMAR
PUÑO, VINABIE

April 11, 2019

V. THE FINANCIAL PLAN

This chapter indicates the financial feasibility of the company, source of the funds, and how it
will be managed. It presents and forecast the historical financial data, such as Income Statement, Balance
Sheet, and Cash Flow Statement.

A. Objectives of the Financial Plan

This portion includes what this chapter would like to aim or achieve:

a. Indicate and evaluate the resources to be used by the company.

b. Forecast the financial statements of the company.

c. Create a major assumption for the operational activities of the company.

B. Major Assumption

The Financial Plan will show the major assumptions in income statement, cash flow,
compensation scheme, balance sheet, depreciation schedule and total projected cost.

Statement of Assumption

1. The sales will increase at 11% due to the 4% increase of population in the area, 2% increase in
market share and 28% increase in price.

2. The cost of goods sold will increased at 4.5% based on the increase of sales and 4.9% inflation
rate.

3. Rent expense will remain constant for 5 consecutive year as stipulated on the contract of lease.

4. Permits and licenses will increase at 2% based on the increase of sales.

5. Utilities, office supplies and other minor expenses will increase at 4.9% because of the
inflation rate.

C. Initial Capital Requirements

PROPONENTS CONTRIBUTION PERCENTAGE

Adelan, Joan PHP 80,000.00 20%

Alimorong, Arli Miguel PHP 80,000.00 20%

 Dagale, Janella PHP 80,000.00 20%

Lalu, Joemar PHP 80,000.00 20%

Puño, Vinabie PHP 80,000.00 20%

PHP 400.000.00 100%

D. Total Project Cost

Property, Plant and Equipment

Kitchen Equipment Php 46,220.00
Kitchen Tools Php 6,130.00
Furniture and Fixtures Php 10,000.00
TOTAL FIXED ASSETS Php 62,350.00

Pre-operating Expenses
Leasehold Improvement Php 150,000.00
Permits and Licenses Php 10,000.00
Advertisement (Fliers) Php 1,500.00
Prepaid Rent Php 15,000.00
Packaging Cost Php 4,000.00
Office Supplies Php 1,000.00
TOTAL PRE-OPERATING
Php 181,500.00
EXPENSES

Initial Working Capital

Inventory Purchases Php 25,500.00
Salary Php 50,940.70
Transportation Php 1,500.00
Other Expenses Php 5,000.00
Cash on Hand Php 50,000.00
TOTAL INITIAL WORKING
Php 132,940.70
CAPITAL

TOTAL PROJECT COST Php 376,790.70

E. Compensation Scheme
 ANNUAL
PHIL TOTAL GROSS 13TH
POSITIO PAG- NET SALARIES
SALARY SSS HEAL DEDUCTIO ANNUAL MONTH
N IBIG SALARY AND
TH N PAY PAY
WAGES
Store
18,000 581.30 225.00 100 906.30 17,093.70 216,000.00 18,000.00 234,000.00
Manager
Store
14,000 508.70 175.00 100 783.70 13,216.30 168,000.00 14,000.00 182,000.00
Supervisor

Cook 10,000 363.30 125.00 100 588.30 9,411.70 120,000.00 10,000.00 130,000.00

Cashier 7,000 254.30 87.50 100 411.8 6,588.20 84,000.00 7,000.00 91,000.00

Kitchen
5,000 181.70 87.50 100 369.2 4,630.8 60,000.00 5,000.00 6,000.00
Steward

TOTAL 54,000.00 1889.30 700.00 500 3,059.30 50,940.70 648,000.00 54,000.00 643,000.00

F. Depreciation Schedule

Company Name: Sibà Company

Depreciation Schedule for 2019 - 2023

Life
Property, Plant
AMOUNT Span 2019 2020 2021 2022 2023
& Equipment
(yr/s)
Kitchen
46,220.00 5 9,244.00 9,244.00 9,244.00 9,244.00 9,244.00
Equipment
Kitchen Tools 6,130.00 3 2,043.33 2,043.33 2,043.33
Furniture and
10,000.00 5 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
Fixtures
TOTAL
13,287.33 13,287.33 13,287.33 11,244.00 11,244.00
ANNUAL
 DEPRECIATIO
N

G. Projected Sales and Cost of Sales

2019

PROJECTED QUANTITY

Product Variety Selling

Cost Daily Weekly Monthly Annually
2019 Price

Suman Split 35.00 26.75 150 1,050 4,200 50,400

150 1,050 4,200 50,400

PROJECTED SALE

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 5,250.00 36,750.00 147,000.00 1,764,000.00

PROJECTED COST

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 4012.50 28,087.50 112,350.00 134,200.00

2020

PROJECTED QUANTITY
 Product Variety Selling
Cost Daily Weekly Monthly Annually
2019 Price

Suman Split 45.00 26.75 250 1,750 7,000 84,000

150 1,050 4,200 50,400

PROJECTED SALE

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 11,250.00 78,750.00 315,000.00 3,780,000.00

PROJECTED COST

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 6,687.50 46,812.5 187,250.00 2,247,000.00

2021

PROJECTED QUANTITY

Product Variety Selling

Cost Daily Weekly Monthly Annually
2019 Price

Suman Split 45.00 26.75 250 1,750 7,000 84,000

150 1,050 4,200 50,400

PROJECTED SALE
Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 11,250.00 78,750.00 315,000.00 3,780,000.00

PROJECTED COST

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 6,687.50 46,812.5 187,250.00 2,247,000.00

2022

PROJECTED QUANTITY

Product Variety Selling

Cost Daily Weekly Monthly Annually
2019 Price

Suman Split 55.00 27.95 250 1,750 7,000 84,000

150 1,050 4,200 50,400

PROJECTED SALE

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 13,750.00 96,250.00 385,000.00 4,620,000.00

PROJECTED COST
Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 6,987.50 48,912.50 195,650.00 2,347,800.00

2023

PROJECTED QUANTITY

Product Variety Selling

Cost Daily Weekly Monthly Annually
2019 Price

Suman Split 55.00 27.95 250 1,750 7,000 84,000

150 1,050 4,200 50,400

PROJECTED SALE

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 13,750.00 96,250.00 385,000.00 4,620,000.00

PROJECTED COST

Product
Daily Weekly Monthly Annually
Variety2019

Suman Split 6,987.50 48,912.50 195,650.00 2,347,800.00

H. Income Statement

I. Cash Flow Statement

J. Statement of Financial Position