Liz TAN RESTO

BAR

SUBMITTED BY: JOHN LESTER GALITAN

WILMAR LLORICO

STUDENT

SUBMITTED TO: CRIZAMAE V. UNTAYAO

PROFFESOR
BUSINESS INFORMATION

TITLE OF BUSINESS: LIZ TAN RESTO BAR

BUSINESS SITE OFFICE: THE BUSINESS IS LOCATED AT ROXAS CITY.

BUSINESS TIME FRAME: THE BUSINESS PROJECT DURATION STARTED ON

MARCH 10, 2020 TO DECEMBER 29, 2023.

TOTAL BUSINESS COST: THE TOTAL BUSINESS COST RANGE FROM ₱ 3,000,000
TO ₱ 4,000,000.

BUSINESS EQUITY: THE BUSINESS EQUITY BASED FROM 10% OF COST OR ₱

300,000.

SOURCE OF FUND: THE MAIN SOURCE OF FUND WILL BE TAKEN FROM JOHN
LESTER GALITAN AND WILMAR LLORICO

CONTACT PERSON: JOHN LESTER GALITAN AND WILMAR LLORICO

(owner/proprietor)
 BACKGROUND INFORMATION
1 INTRODUCTION
A. NAME OF BUSINESS: LIZ TAN RESTO BAR
B. LOCATION: The LIZ TAN RESTO BAR IS located at Roxas,City.

LOCATION MAP:

C. SKETCH PLAN OF THE BUSINESS : Our goal is to provide a comfortable

and welcoming environment as well as a unique, modern Resto Bar
experience. This Resto Bar will feature high ceilings and a contemporary
look with dynamic upscale décor and 3D paintings.
D. DISCRIPTION OF BUSINESS: The LIZ TAN RESTO BAR will specialize in
different types of cuisine in the Asian country, and also we offer drinks
like beer, wine, and an array of liquors and mixed drinks. In addition, the
Resto bar will sell non-alcoholic beverages such as soft drinks, juices, tea
and bottled water. The initial hours of operation will be 8:00 A.M. to
11:00 P.M. Monday to Sunday. It will be owned by John Lester Galitan
and Wilmar Llorico.

2 MANAGEMENT/ORGANIZATION PLAN
 A. TYPE OF BUSINESS: The LIZ TAN Resto Bar is a partnership business which
will be owned and managed by John Lester Galitan and Wilmar Llorico.
B. ORGANIZATIONAL STRUCTOR:

MANAGER

TREASURER OR
CASHIER

LABORER
C. ROLES/POSITION AND RESPONSIBILITIES OF PERSONNEL

Manager
-The person who manages the business site may include in making
decisions in terms of planning, marketing, financing and bookkeeping.

Treasurer or Cashier
– the person that exercise the cash flows of business next to Manager
and do the basic mode of payments in bills and other documents and
contracts from buyers.

3. FINANCIAL PLAN
 The proposed initial capital is ₱ 4,000,000 owner equity.

A. SOURCE AND USES OF FUNDS ( prosed budget)

B. USES OF FUNDS:

ACOUNT TITLE COST

Business rental ₱ 35,000
Office supplies ₱ 25,000
Electricity ₱20,000
Business permit ₱15,000
Supplies and material ₱500,000
Waitress ₱15,000
Security ₱15,000
Bartenders ₱15,000
Barback ₱7,000
Foods ₱500,000
Janitor ₱20,000
Cashier ₱20,000
Total ₱1,187,000
 C.PROJECTED MONTHLY INCOME STATEMENT

LIZ TAN RESTO BAR

INCOME STATEMENT

SALES FORECAST ON DAILY/WEEKLY/MONTHLY BASIS

DAILY FORECAST

ITEMS CAPITAL SALES PROFITS REMARKS

All kinds of ₱8,000 ₱38,000 ₱30,000 Daily basis
Drinks profit made is
₱30,000
All kinds of ₱10,000 ₱50,000 ₱40,000 Daily basis
foods profit made is
₱40,000
Total ₱18,000 ₱88,000 ₱70,000 Profit
generated on
daily basis

WEEKLY FORECAST

ITEMS CAPITAL SALES PROFITS REMARKS

All kinds of ₱50,000 ₱300,000 ₱250,000 Weekly basis
drinks profit made is
₱250,000
All kinds of ₱70,000 ₱450,000 ₱380,000 Weekly basis
foods profit made is
₱380,000
Total ₱126,000 ₱750,000 ₱630,000 Profit
generated on
weekly basis
 MONTHLY BASIS

ITEMS CAPITAL SALES PROFITS REMARKS

All kinds of ₱300,000 ₱1,500,00 ₱1,200,000 Monthly basis
drinks profit made is
₱1,200,000
All kinds of ₱500,000 ₱2,500,000 ₱2,000,000 Monthly basis
foods profit made is
₱2,000,000
Total ₱540,000 ₱4,000,000 ₱3,200,000 Monthly basis
profit

Gross Income………………………………………………….₱3,200,000
Cost of Production:

Business Rental………………………………………₱35,000
Electricity Bill………………………………………….₱20,000
Business Permit………………………………………₱15,000
Office Supply………………………………………….₱25,000
Supplies and materials……………………………₱500,000
Waitress ………………………………………………..₱20,000
Security…………………………………………………..₱20,000
Bartenders……………………………………………….₱15,000
Barback……………………………………………………₱7,000
Foods……………………………………………………….₱500,000
Janitor……………………………………………………..₱20,000
Cashier………………………………………………………₱20,000
Total……………………………………………………………₱ 432,000
₱1,197,000

NET Profit………………………………………………₱2,003,000
4. MARKETING PLAN
The target market for this LIZ TAN Resto Bar is all of the municipalities in
Capiz and other cities.

A. DEMAND AND SUPLLY

The demand of our business is when the government high the taxes of
all alcohol.
B. COMPETITION/PROMOTION
Promotional effort are critical to proposed Resto bar success. And
give the customers expectation of what they are expect,it also attract a
different clientele of individuals seeking a food and chilling venue.

C. TARGETED CUSTOMER
The target customer of the LIZ TAN Resto BAr are all food seekers and
alcoholic drinkers.
 FINANCIAL PLAN AND ESTIMATED
FINANCIAL PROJECTION AND PLAN
1. ESTIMATED INCOME STATEMENT

The table below shows the estimated sales and its gross sales
deducted the expenses such goods sold, materials, equipment,
honoraria, and other expenses in three years of projected income
statement. (Not an actual sheet)

3 YEARS PROJECTION
PARTICULAR YEAR 1 YEAR 2 YEAR 3
ITEMS
All kind of ₱3,600,000
alcohol
All kind of foods ₱2,880,000
Total Gross sales ₱6,480,000

COST OF GOODS
SOLD
All kinds of ₱10,000,000
drinks
All kinds of ₱15,800,000
foods
Total cost of ₱25,800,000
good sold
Operating expenses
Office supplies ₱300,000
Business rental ₱180,000
Electricity bill ₱300,000
Business permit ₱480,000
Supplies and ₱2,400,000
material
Waitress ₱180,000
 Security guard ₱180,000
Bartender ₱180,000
Food ₱480,000
Janitor ₱240,000
Cashier ₱240,000
Barback ₱84,000
Total expenses ₱5,244,000
Total net ₱

Feedback and Review

Community feedback is very important for the improvement of the business. The
self-assessment tool will be used for further data collection; it is being derived
from the basic operation of the business sites and its services including the
product being sold. This tool is considered as one of the basis from community
review and feedback conducted annually.

Risk Management and Safety

Business, not only known to money matters and service providers to

community that they needs for everyday living. In some case, Business also at risk,
in form of services, investments, financing, and safety of every individual
involved.

1. Basic Safety

As per business site is concern, basic safety in performing, managing, taking care
of facilities and equipment is at stake. Building should be inspected for fire
prevention and sanitation prior from Municipal policy.
 2. Risk Management Plan

Managing the business is not an easy task to do, some face the errors and the risk
of every plan is always possible. For the dried product rejections from its quality,
the selling is considered in low price and display separately. For financing, one
must exercise study about its proper account sheets and introduce its recovery.

SWOT ANALYSIS :
STRENGTH WEAKNESSES OPPORTUNITIES THREATS
Lot of profits Lot of competitors Flawless execution of Weather condition.
system and process.

Availability of Weak execution of Tight monitoring of cash If somebody is fighting

resources. system and process. flow. inside the bar

Financial Stability. Poor people Sustainability of resources. Fraud issue.

management. People resignation/
AWOL

Strong brand source. Lack of focus on job Appropriate segregation of

description. the quality products.

Competitive potential Profits are divided in to Develop high tasks, high

two people orientation
EVALUATION CHECKLIST:
Evaluation Self-Checklist for Community Feedback (to be translate in local language form).

Direction: Check [√] one box in every row from 3, 2, 1, and 0

Clarity of the Business: 3 2 1 0

- Business properly describes its purpose.

- Includes information about the stated plan.

- Business site accessible to community.

- Introduce the products of the business.

- Involve the manpower for better management.

Community and Market: 3 2 1 0

- Community involvement best practices.

- Demand of the product for market.

- Describe the buy and sell product properly.

- Beneficiaries’ investments clearly stated.

- Innovation of strategy and marketing.

Innovativeness and Involvement: 3 2 1 0

- Uniqueness of the proposed business.

- Business design and usual sort of target.

- Improvement plan and approaches to problem.

- Properly involve proponent and others.

- Stakeholders as members of the business.

Management and Safety: 3 2 1 0

- Management team define its duties.

- Basic safety and needs indicated properly.

- Collaborative and harmonious relationship.

- Plan ahead for risk and unexpected errors.

- Communication

Sustainability: 3 2 1 0
 - Sustaining the business proposal well defined.

- Provision for stakeholders support.

Summary Table: Legend:

Summary Score 3 – Very Satisfied

Clarity of the Business
Community and Market 2 – Satisfied
Innovativeness and Involvement
Management and Safety 1 – Average
Sustainability
0 – Not Satisfied