SONELL Supermarket

Financial Business Plan

About company
background values vision mission
A little sari-sari store Listening to My vision is to My mission is to
has been owned by customers, the become the first satisfy the
my family for 19 employees, the leading brand in customers,
years and counting. suppliers and to our the supermarket maintain a good
Being a CPA, I environment, and grocery store relationship with
started to build a providing products, industry in Alfonso, the customers,
supermarket in training, information, Cavite and to and to establish a
Alfonso, Cavite that welfare, development, establish a one supermarket
will eventually sustainability, stop supermarket store business
become the first operating in a safe in Alfonso, Cavite that will make
leading brand in the environment, and in other places available a wide
supermarket and maximizing sales and of Cavite and to be range of goods
grocery store business unit growth, an outstanding, and products
industry in Alfonso, and being responsible innovative, honest, from top
Cavite even though through commitment, sustainable, and manufacturing/
competition is honesty and respect good model production
growing every year. are the values that my company by brands at
My parents' ability to company will &exceeding affordable prices
maintain the sales implement. customers' to the residents of
and goods image of expectations with Alfonso, Cavite,
our store in the face the business, and other places
of growing product, and in Cavite where I
competition inspired services that we intend opening of
me. SON comes will promote so chains of
from my father's that the customers supermarket.
name, Nelson, and are able to choose
ELL comes from my from wide range of
mother's name, goods at
Rosell. Together, reasonable
they make up the prices.
name SONELL.
 Swot strategies
Strengths Weaknesses
Opportunities Having a new market strategy that New competitor near the area.
offers improved profits. Exceeds Price wars with competitors.
customer’s expectation with new,
innovative products and
service. Maximize sales to maintain
good relationship with customers and
suppliers
Threats Developments in technology may Economic downturn affecting
change this market beyond my ability the purchasing/ spending
to adapt. A small change in the focus power of the supermarket.
of a large competitor might wipe out
any market position I achieved.
 Financial statements
Trial balance
SONELL SUPERMARKET
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2021

Accounts Debit Credit

Sales 480,000.00
Sales Discount 7,000.00
Sales Returns & Allowances 13,000.00
Merchandise Inventory Jan 1 30,000.00
Purchases 250,000.00
Freight In 20,000.00
Purchase Returns & Allowances 7,000.00
Purchase Discount 3,000.00
Store Salaries Expense 50,000.00
Commission Expense 7,000.00
Store Supplies Expense 7,000.00
Advertising Expense 5,000.00
Freight Out 10,000.00
Store Utilities Expense 12,000.00
Store Rent Expense 15,000.00
Bad Debt Expense 18,000.00
Office Utilities Expenses 20,000.00
Office Rent Expense 20,000.00
Depreciation Expense 14,000.00
Office Supplies Expense 10,000.00
Office Salaries Expense 30,000.00
Taxes Expense 8,000.00
Capital Jan 1, 400,000.00
Withdrawal 30,000.00
Cash in Bank 50,000.00
Accounts Receivable 44,000.00
Allowance for Bad Debts 23,000.00
Supplies 15,000.00
Prepaid Interest 10,000.00
Prepaid Rent 40,000.00
Furniture & Fixtures 150,000.00
Accumulated Depreciation-Furniture 15,000.00
Equipment 100,000.00
Accumulated Depreciation- Equipment 20,000.00
Accounts Payable 22,000.00
Withholding Taxes Payable 5,000.00
SS Premiums Payable 2,000.00
Philheath Premiums Payable 3,000.00
Loans Payable 5,000.00
985,000.00 985,000.00
 Income statement
SONELL SUPERMARKET
Capital Statement
For the year-ended December 31, 2021

Capital Jan 1, 2021 400,000.00

Less Net Loss - 6,000.00
Net 394,000.00
Less Drawings - 30,000.00
Capital Dec 31, 2021 364,000.00

Balance sheet
SONELL SUPERMARKET
Statement of Financial Position
December 31, 2021

ASSETS
Current Assets
Cash and Cash Equivalents 50,000.00
Trade and Other Receivable (Net) Note 5 21,000.00
Merchandise Inventory 50,000.00
Prepayments Note 6 65,000.00
Total 186,000.00

Non-Current Assets
Property & Equipment Note 7 215,000.00
Total Assets 401,000.00

LIABILITIES & OWNER'S EQUITY

Current Liabilities
Trade & Other Payables Note 8 -
Non Current Liabilities
Loans Payable 5,000.00
Total Liabilities 5,000.00

Owner's Equity
Capital End 364,000.00
Total Liabilities & Equity 369,000.00

Capital statement
SONELL SUPERMARKET
Capital Statement
For the year-ended December 31, 2021

Capital Jan 1, 2021 400,000.00

Less Net Loss - 6,000.00
Net 394,000.00
Less Drawings - 30,000.00
Capital Dec 31, 2021 364,000.00