BURGERSHIP

A Business Plan

Presented to Mr. Ianvel Sotalbo Guya

In Partial Fulfillment of the Requirements in ABM 009/Business Simulation Enterprise

By

Dee, Angelica

Flores, Francine

Frianeza, Angelmae

Garcia, Queeziah

Garganta, Eileen

March 23, 2022

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 TABLE OF CONTENTS

I. EXECUTIVE SUMMARY ……………………………………………………………...pg. 4

II. BUSINESS SUMMARY …………………………………………………………………pg. 4

a. Introduction …………………………………………………………………..…... pg. 5

b. Name of Enterprise ……………………………………………………………..... pg. 5

c. Company logo ………………………………………………………………..…... pg. 6

d. Vision …………………………………………………………………………..… pg. 6

e. Mission ……………………………………………..........………………..……… pg. 6

f. Descriptive Definition of the project …...…………..........…………………..…… pg. 7

III. MARKET ANALYSIS …………………...……………………………………………... pg. 7-10

IV. PRODUCT / SERVICE SUMMARY ………………….……………………….….…... pg. 10

Marketing Plan …...…………………………………………………....................................... pg. 10

a. Product …...……………………………………....………........................................ pg. 11

b. Price …...……………………………………....…....……........................................ pg. 11-13

c. Place …...……………………………………....…....……........................................ pg. 13

d. Promotion …...…………………………...…....…....……........................................ pg. 13-15

Operating Plan …….………………………………………………………………….........…...... pg. 15-18

Product Specifications …...……………………………………………....……....................... pg. 19

Product Process …...…………………………………….………………….................................. pg. 19-20

Plant Location and Layout …...……………………………………....………....................... pg. 20

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 Machineries and Equipment …………………………….…………………......................... pg.21-22

Raw Materials and Utilities …...…………………………………….…………................... pg. 22-23

Waste Management …...…………………………………….………………….................pg. 23

V. MANAGEMENT AND ORGANIZATION ….……………………............................ pg. 24-26

VI. STRATEGIES ………………………………………………………………................. pg. 26

VII. FINANCIAL PLAN …….………………...……………………………….................... pg. 26-30

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 I. EXECUTIVE SUMMARY

There’s probably no other year where we rely on technology more than 2022. During these trying
times you can only eat outside or on your favorite fast food restaurants by ordering online since it is the safest.
But what if you crave almost a million and doesn’t even know what you crave for? Snack Zillas Company offers
burgers, buffalo wings and fries all in one box and named it Burgership. Burgership will surely fit the
consumer's budget without letting go of the good quality of its food, as in one box you can have it all in one
shipping fee. Burgership has burgers with juicy meat with generous slices of vegetables and sauce. The
company also made the buffalo wings not too spicy for all ages to eat and enjoy the wings, and the fries are
freshly deep fried to prevent mushy kind of fries. Burgership’s target market ages 18-27 years old of any gender
who are fond of eating burgers, fries and wings. The company chose this because these ages are also known to
love to give presents or surprises for their loved ones which makes our product perfect for it. Upon purchasing
our product, we made stickers that are cute which the consumers can get and collect. To know more about
burgership, consumers can visit burgership on Facebook and Instagram and interact with the personnel as well.
The entrepreneurs also made brochures to post outside for a larger audience of the business.

II. BUSINESS SUMMARY

Burgership will begin on February 25 2022 when the entrepreneurs observed the current situation of
the community. Lockdown was implemented and most of the consumers were booking food deliveries. The
entrepreneurs manipulated food businesses and made simple things into unique ones. The name Burgership was
created as the product is served aesthetically in a box where consumers can flex and can call our product
“instagramable”. It contains meaty burgers, mid spicy buffalo wings and crunchy on the outside soft on the
inside fries which the consumers usually crave for in the middle of pandemic. Besides being just an aesthetic,
the other reason for putting it all in one box is to represent that burgership can cost you less in terms of shipping
fee unlike when you have to order in different shops. The business has also its own delivery man to ensure the
safety of the package and service fee will not be charged. As one of it’s objective is to provide outstanding
service to the consumers and build customer loyalty relationship with them. Burgership is located where most
people passed by and is near schools for students to try since the product is student budget as well. Besides that,
the company’s target market are millennials and Gen Z generations that are fond of eating such foods and
burgership is surely a perfect gift for their loved ones as well. As what they have said, “A way to a
woman/man’s heart is through their stomach.” The goal of the business is to serve consumers with high quality
and affordable foods where consumers wouldn’t be just satisfied with the food but in the service as well. The
entrepreneurs are looking forward to being known and distinguished in the market and to becoming one of the
well known in the food industry business. The entrepreneurs also wants the best for the consumers to experience
enjoyable food and establish a good and friendly environment with them.

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a) INTRODUCTION

Milk tea is a popular and widely consumed beverage at the moment. Milktea is popular not only for its

health benefits, but also for its unique blend and taste; it's no surprise that many customers are addicted to it. It

is a combination of milk and tea that can be flavored and infused with various ingredients. Customers can

select from a variety of options. Customers from the younger generations fell in love with this new product

trend. As a result, entrepreneurs see this as a huge opportunity to increase income while also developing a new

and unique product from the originals. Milk tea shops, like coffee shops, are great places for people to hang

out, socialize, and spend their free time.

The increased demand for milk tea prompted many entrepreneurs to enter the industry and open a milk tea

business. The milk tea business is a perfect example of monopolistic competition, a market structure in which

competition is very aggressive, causing different brands to compete for the consumers' loyalty. Entrepreneurs

must devise a strategy for how their product will stand out among all of their competitors. This is where

marketing strategy comes into play in order to capture the attention of consumers. Entrepreneurs must devise

the most effective and distinctive method of introducing and selling their product to the market. Marketing

strategy is regarded as the first step in a company's journey to success. The success of your company is

dependent on how good and unique your marketing strategy is.

b) NAME OF ENRETPRISE

Our company is called Burgership, and we came up with the name because it is easy to

remember and sounds friendly to hear.

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c) COMPANY LOGO

d) VISION

Burgership is dedicated to the excellent service that can offer and be distinguished as a business

that can satisfy your cravings with fast and efficient service/

e) MISSION

Burgership is here to present and give the customers the food they have always wanted. We will

offer them our high-quality burgers, fries, and buffalo wings that will please and gruntle their tummy

at an affordable and justified price. Burgership will not just satisfy cravings but the demands of the

customers as well.
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 f) DESCRIPTIVE DEFINITION OF THE PROJECT

Our menu consists primarily of fast food items that will satisfy all of your cravings in a single box. It serves

burgers, chicken wings, and freshly fried fries. The buffalo wings are also recommended for everyone because

the spiciness is reduced so that everyone can enjoy them. We also made certain that our ingredients came from

reputable suppliers, ensuring that our product is always freshly prepared and cooked.

III. MARKETING ANALYSIS

The business’ target market is in the ages 18-27 years old that are fond of eating burgers, fries and

buffalo wings. Also these ages love to give gifts to their loved ones which makes burgership perfect for it.

For business-to-business markets, include:

The target market of the business focuses at the age 18- 27 years old. These ages belong to

Generation Z and Millenials. The business will be located at Gagalangin st. Tondo Manila. The pie chart and

table below shows the latest update on the manila official website that the population of the Generation Z and

Millenials in Manila has the biggest population among other ages. Which is why the entrepreneurs assumed that

the place is good for the business. Also, the place is near the market which is why many people go by that place

and it is known as a place where a lot of barkada can eat or do food trips because it is also near school.

Projected Population ; City of Manila: 2020

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For business-to-customer markets, include:

AGE GENDER ALLOWANCE RANGE GENERATION

18-27 Female P300.00 Millenials and Gen-Z

Male P400.00

Lgbt

According to a new study by gifting platform Loop Commerce, there’s a solid chance that those shelling out

your most memorable presents are members of the millennial generation. The results of the survey — focused

on gift giving behaviors and conducted in February among a targeted sample — suggested that millennial

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consumers might be the most thoughtful generation when it comes to shopping for others. Specifically, the

researchers found that 42 percent of millennials purchased gifts just for fun, versus 26 percent of baby boomers

and 36 percent of Generation X respondents. Additionally, according to a new study by Foursquare and Carat

written up in The Drum, Gen Zers are nearly 20% more likely to visit a fast-food restaurant compared to other

generations. With these research findings the entrepreneurs assumed that burgership will highly sell the product

to millennials and Gen Z generation since the product is perfect as a gift and it is something new to their eyes

besides of it just as a “burger, fries and wings” product and as how Poetsch puts it, “youthful” often embodies

innovation.

Competitors

These companies are similar in business line to Burgership:

1. Doc Wings
Location: Tondo Manila Physical Stores:
● Tondo, Manila
● Caloocan, Manila
Online Store:
● FB Page- https://www.facebook.com/docwings/

2. Burger King
Location: (started in) Miami, Florida
Physical Stores (in Philippines):
● Quezon City, Metro Manila
● Las Piñas, Metro Manila
● Molino, Cavite
Online Store:
● Website- https://www.bk.com/

3. 8 Cuts
Location: Makati, Metro Manila
Physical Stores:
● Alabang
● Taguig
● San Juan
Online Store:
● Website- https://momentgroup.ph/brands/show/8cuts

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 These competitors may advantage the business by being much known in the
market, but, it has some weaknesses as well. Their prices are too high, too overrated and have limited
product mix.

The stated competitors also have the same target market, which are the teen agers. As they strive to be a
hangout place for students or workers every after work or in times of free time.

8 Cuts and Burger King’s objective is to serve fresh meat of patty on their burgers. While Doc Wings’
objective is to serve unlimited chicken that consumers will get sick off.

But having their weaknesses doesn't somehow make the burgership an advantage. The problems and
challenges that may hinder burgership become sellable in the market are the consumers might seek
again for something new as generations pass by. Yes, teens are becoming the new gatekeepers of a
business, however, is that they're less loyal to brands and businesses than the generations that came
before them. "It's an accelerated rate of nostalgia," says Bliss. "They've grown up in an era where just
months after you've purchased the latest, greatest thing, the next best thing is around the corner. They
tend to be loyal to the best in class, rather than the brand, itself." This is where the entrepreneurs might
lack differentiation of the burger and fries to offer. Having a lot of competitors makes it very hard to get
to be known in the market, but the entrepreneurs have a unique twist of serving their product and that is
the concept that consumers can receive their meal in a box and get satisfaction on what's in the box for
an affordable fulfilling meal.

IV. PRODUCT SERVICE SUMMARY

MARKETING PLAN

Burgership offers burgers with juicy meat with generous slices of vegetables and sauce. The company

also made the buffalo wings not too spicy for all ages to eat and enjoy the wings, and the fries are freshly deep

fried to prevent mushy kind of fries. Burgership ensures you that the business is one click away and it will be

delivered at your doorstep on time.

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a) PRODUCT

The entrepreneurs came up with a concept of “Burgership” where all of your cravings will be in one

box and easy to ship. The box will contain 3 foods which we have craved in the middle of a pandemic like,

burger, chicken wings, and fries all in 1 box. It is good for 1 person, good as a present, and also good for

surprises. Imagine craving for chicken wings, burger, fries at the time and you plan to order it all, all of its

shipping fees will be shouldered separately which will cost you more, with Burgership you can buy it all in one

shipping fee and will surely fit in your budget. The benefits that the consumers may get to the product is that the

cooks made the buffalo chicken wings mid spicy so that any age can enjoy the buffalo wings. Also this will

surely satisfy your cravings as burgership offers you a “swak” portion of burgers, wings and fries only for you.

b) PRICE

The pricing strategy of burgership is bundle and competitive pricing. Burgership computed their price

by listing down all the ingredients and computed each of the food’s total price. Upon computing the total of

each food, the entrepreneurs solved the best price of the product. They have lowered the price of the buffalo

wings to lower the initial cost of the product as well. But when it is bought individually, the certain food would

cost higher. Also, one of it’s reasons why it costs lower is because the entrepreneurs considered their

competitors’ price to take advantage in the market.

BURGERSHIP

BURGER

Ingredients Quantity Price

Burger Patty 24 pcs P 168.00

Buns 24 pcs P 80.00

Tomato 1 tumpok P 20.00

Lettuce 1 tali P 15.00

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Burger Sauce 200 grams P 60.00

Single Cheese 24 pcs P 140.00

TOTAL P 483.00

483.00+24= 20.125 (Burger)

FRIES

Ingredients Quantity Price

Fries 2 kilo P 180.00

Flavor (cheese powder) 3 pack P 30.00

etc.)

TOTAL P 210.00

210÷24= 10.00 (Fries)

BUFFALO WINGS

Ingredients Quantity Price

Chicken Wings 2,970.00

18 Kilo (144 pcs)

Buffalo Sauce 1.5 P 200.00

TOTAL P 3,170.00

3,170÷24=132.083 we made it P 130.00 (Fries)

LABOR

Ingredients Quantity Price

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 Box 24 pcs P366

TOTAL P366

c) PLACE

The business will be located at Gagalangin, Tondo Manila because the place is near a market and there

are already a lot of food establishments. Many people go by that place and it is known as a place where your

barkada can eat or do food trips because the specific places it was chosen as well because the place is close to a

school. The place is also big enough to have a kitchen and storage where the orders can be ready.

d) PROMOTION

Promotion is one of the most effective ways or techniques in order to sell the products which your

business is selling. That is why the entrepreneurs also made various ways to promote their products to be known

in the market, persuade customers and achieve the company’s mission and vision. Lists below are the

advertising and promotion the entrepreneurs have put together.

Advertising and Promotion

The entrepreneurs made video advertisements that are posted and can be viewed in our social media

accounts in Facebook and instagram. In provided social media accounts, the poster and video advertisement will

be posted. As well as other materials for promoting the product.

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Sales promotion

Sales promotion is a bridge for advertising and personal selling. Having a discount doesn't mean

that the product “only” cost this much or it offers low quality. It is a way to persuade the customers

to feel that the product is worth it and not disappointing when they bought the product. The business

must stay ahead of the competitors for the consumers to continue to favour the business. That is why

the entrepreneurs offers promo buy 2 get 3% discount and for special events like birthdays, birthday

celebrants can get a birthday discount, PHP 60 off just bring birth certificate or ID that will serve as

proof that the day is the consumers’ birthday

Personal selling

Entrepreneurs made brochures where information about the product will be displayed and will

persuade customers to try the product. Also stickers for the consumers can collect and get excited on

designs.

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 BROCHURE STICKER

Public relations

To be known more in public, Burgership has social media accounts. To search the

business’ fb page or instagram just type burgership.ph. The entrepreneurs also posted in social

media accounts and brochure their business number for the consumers who don't have access to

the internet to contact.

OPERATING PLAN

Operations and management plan is the actions needed by the entrepreneur to operate

the business well in terms of equipment, requirements, labour and facilities needed.

1. Pre-Operating Period

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 - Legal and Taxation Requirements -The legal requirements for starting a business in

the Philippines depend on its type of business and industry. Partnerships and corporations are

required to be registered with the Securities and Exchange Commission (SEC), while single

proprietorship businesses are not. Proprietorships are instead required to register with the

Department of Trade and Industry (DTI) for the registration of their business name.

The following are the basic requirements to start commencing your business in the Philippines:

1. Mayor’s business permit – for getting the license to operate in the city or municipality and

payment of your local business taxes.

2. BIR registration – for getting TIN, official receipts and invoices, registering your books of

accounts, and paying your national internal revenue taxes (Income tax, VAT or Percentage Tax,

Withholding Taxes, etc.,)

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3. SSS, PhilHealth, and Pag-Ibig Fund registration – for registering yourself or company as an

employer and for remitting your employees’ contribution together with your employer’s share

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2. Form of Ownership Snack Zillas Company was created through limited partnerships of

Angelica Dee, Eileen Garganta, Queeziah Garcia, Angelmae Frianeza, and Francine Flores. The

said names have given their equal shares of PHP 2,000 to build the business burgership. Through

this partnership, the entrepreneurs signed a contract stating that if one of the founders died, the

business will still continue. and if one partner has a plan on withdrawing his/her shares, they

must provide 6 months prior notice. If one of the entrepreneurs decided to sell his/her

contribution to the business, the person can decide with or without the other partner’s consent.

To increase the capital of the business, the loan will be depending on the partnership's

agreement.

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PRODUCT SPECIFICATION

All the Products of the enterprise will be manufactured at Gagalangin, Tondo

Manila. This is where the enterprise's get the supplies. However, Burgership is located at

Gagalangin, Tondo Manila where the final product will be made. Its commercial space is enough

for the production of foods and there's a separate room for the preparation room. The place has a

size of 53 square meters. There will be no renovation, as the establishment doesn't need it as of

now. Its location is also near the Manufacturing site. Hence, the staff can easily get supplies

without spending money for.

PRODUCT PROCESS

Preparation Method

To make this tea, you will have to get your hands on custard pearls., it’s common these days and you can find

boba at Asian supermarkets or on Amazon.

1. Cook Tapioca Pearls

Custard pearls with cooking guidelines, you should use 7 parts water to 1 part custard pearls. The cook time for

boba pearls is around 10 minutes on high temperature or until they are delicate and chewy. Make a point to mix

once in a while to keep the pearls from staying. When cooked, blend boba with sugar syrup add sugar and

protect any pearls you use right away.

2. Flush the Pearls and Sweeten

Custard pearls ought to be flushed with tepid or cold water once they have been bubbled. Spot the pearls in a

fine work strainer or tea strainer before pouring the water. If you are going to store plenty of pearls, enable them

to cool to room temperature before putting away in the cooler for as long as 4 days.

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Most boba teas you find in stores are improved using amazing sugars consolidated milk. You can use powdered

sugar, dark colored sugar, or works of art, nectar to improve your bubble milk tea. You can also add a Hong

Kong turn to this tea by utilizing consolidated milk.

3. Add to tea

Meanwhile, mix your tea following the British rules mentioned above.

PLANT LOCATION AND LAYOUT

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MACHINES AND EQUIPMENT

We intend to locate our small business in Gagalangin street Tondo Manila because the

population of the Generation Z and Millenials in Manila has the biggest population among other

ages. Which is why the entrepreneurs assumed that the place is good for the business. Also, the

place is near the market which is why many people go by that place and it is known as a place

where a lot of barkada can eat or do food trips because it is also near school

MACHINERIE QUANTIT UNIT TOTA

S AND Y PRIC L

EQUIPMENT E COST

Stove 1 5,000 5,000

Ranges and 1 7,000 7,000

Ventilation

Food 2 599 1,198

Processors

Gas / Electric 1 6,000 6,000

Grill

Heavy Duty 1 2,800 2,800

Double Deep

Fryer

Fringes / 2 10,00 20,000

Freezer 0

Sinks 1 4,499 4,499

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Storages Racks 2 660 1,320

Washing 1 500 500

Equipment

Kitchen 2 1,000 2,000

Supplies /

Serving Ware

Safety 5 1,000 5,000

Equipment

Ice Makers 1 6,557 6,557

TOTAL 61,874

RAW MATERIALS AND UTILITIES

BURGERSHIP

BURGER

Ingredients Quantity Price

Burger Patty 24 pcs P 168.00

Buns 24 pcs P 80.00

Tomato 1 tumpok P 20.00

Lettuce 1 tali P 15.00

Burger Sauce 200 grams P 60.00

Single Cheese 24 pcs P 140.00

TOTAL P 483.00

483.00+24= 20.125 (Burger)

FRIES

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 Ingredients Quantity Price

Fries 2 kilo P 180.00

Flavor (cheese powder) 3 pack P 30.00

etc.)

TOTAL P 210.00

210÷24= 10.00 (Fries)

BUFFALO WINGS

Ingredients Quantity Price

Chicken Wings 2,970.00

18 Kilo (144 pcs)

Buffalo Sauce 1.5 P 200.00

TOTAL P 3,170.00

3,170÷24=132.083 we made it P 130.00 (Fries)

LABOR

Ingredients Quantity Price

Box 24 pcs P366

TOTAL P366

WASTE MANAGEMENT

Fast food chains like our business generate a large amount of waste that threatens the environment and

the health condition of the society they serve. However, our business (burgership) wants to minimize the waste

to keep our surroundings clean and health friendly that's why our company proceed to do waste management so

that we provide a trash cans that separates the plastic, papers, glass and wet wastes. We also made our

packaging eco-friendly like for example the plastic cups or paper bags that you can reuse for planting, designing

or even use it as garbage bag. Meanwhile wet waste or food waste can be used as fertilizer for any plants.

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 V. MANAGEMENT AND ORGANIZATION

Management and Personnel

Management team is a group who will manage the business full time and must commit to the

company. The table below shows the job description and qualifications of a job that a personnel

must meet.

PERSONNEL TITLE SKILLS AND COST

QUALIFICATIONS RESPONSIBILITIES
EXPERIENCES

Angelica Dee Head Bachelor’s Degree or Great cooking skills Monthly

Chef at least College and attention to detail. rate:
Level in 3,500
Culinary Leadership and
management skills.
Must have
The ability to manage experience in
a budget and keep restaurant for
accurate records. at least 6 months
or Have finished
Good organisation and OJT training
communication skills.

The ability to work

under pressure.

The ability to inspire

others and help them
develop.

Eileen Head Willingness to Learn. Must have Monthly

Garganta Chef Bachelor’s Degree or experience in rate: PHP
at least College Genuine restaurant for at 3,500
Level in Culinary Passion. least 6 months or
Have finished
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 Organization. OJT training

Ability to Skillfully
Multitask.

Creativity.

Time
Management.

Teamwork.

Leadership
Skills.

Queeziah Red Cashier ● Basic Math. Monthly

Garcia Interpersonal rate:
Communication/Written PHP
and Verbal 2,500-
Communication. 3,500

Time
Must have a ability
Atleast Management.
to handle
Highschool Graduate
transactions
and knows how to Product Knowledge.
accurately and
record cash flow
responsibly
Telephone Etiquette.

Customer Service.

Dispute resolution.

Dependability
Angel Mae Delivery Can drive Monthly
To deliver the food to
Frianeza Girl everywhere Rate:
Highschool Graduate the customer at the
2,000-
designated time.
Former rider 3,500
Must be a license
holder To deliver the food
Have some skills
safely
at driving and at
Finished the Driving
the same time
School Must receive the
pinpointing the
payment
location.

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 Francine Delivery Monthly
Highschool Graduate
Flores Girl Keeping up Rate:
concentration. 2,000-
Has a Must know how to
3,500
license/license drive and to be
Quality communication.
holder friendly to the
customers.
Attention to detail.
Has a clean driving
record.
Customer care

VI. STRATEGIES

Star Burger is a new restaurant with a unique plan to achieve success and become an industry leader.

That is why we will be providing our products in the most convenient and efficient way available–either at

one of our two-sided Drive-through shops, or at one of our Mobile Restaurant.

This will give us an advantage over our competitors because customers won’t need to find a parking place,

wait in a long line, jockey for a seat, and clean up the mess left by a previous patron. Our goal at Star Burger

is to provide enough income to be able to run our business and still move on with our charity aspect.

VII. FINANCIAL PLAN

Capital Requirements and Strategy

The entrepreneurs gave an equal shares of PHP 2, 000 to establish proper a capital that are enough and to

help the business with its needs

SHARES PRICE

Ms. Dee, Angelica PHP 2,000

Ms. Garganta, Eileen PHP 2,000

Ms. Garcia, Queeziah PHP 2,000

Ms. Frianeza, Angelmae PHP 2,000

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 Ms. Flores, Francine PHP 2,000

Investor 1 PHP 5,000

TOTAL (CAPITAL): PHP 15,000

Lists below are the needed ingredients and equipment for the business. The total amount is PHP 14, 133, the

entrepreneurs discussed that the extra money that will be left is for emergency purposes

CAPITAL = 10,000

Production PHP 3,863

Labor 350

Gas 570

Cooking Oil 750

Burger Grill with Deep Fryer 3,600

Electricity 2,500

Rent 2,500

TOTAL PHP 14,133

Balance Sheet (Five years and highlights)

BURGERSHIP

Balance sheet

2022-2026

2022 2023 2024 2025 2026

Assets

Ms. Dee, Angelica’s Capital PHP 2,000 PHP 2,000 PHP 2,500 PHP 2,500 PHP 2,500

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Ms. Garganta, Eileen’s PHP 2,000 PHP 2,000 PHP 2,500 PHP 2,500 PHP 2,500
Capital

Ms. Garcia, Queeziah’s

PHP 2,000 PHP 2,000 PHP 2,500 PHP 2,500 PHP 2,500
Capital

PHP 2,000 PHP 2,000 PHP 2,500 PHP 2,500 PHP 2,500
Ms. Frianeza, Angelmae’s
Capital

Ms. Flores, Francine’s PHP 2,000 PHP 2,000 PHP 2,500 PHP 2,500 PHP 2,500
Capital

Cash PHP 4,288 PHP 4,000 PHP 5,500 PHP 2,500 PHP 2,500

Inventory PHP 8,512 PHP 8,512 PHP 8,512 PHP 8,512 PHP 8,512

Accounts Receivable PHP 7,200 PHP 5,000 PHP 8,488 PHP 3,488 PHP 3,488

Prepaid Expenses PHP 2,500 PHP 2,500 PHP 2,500 PHP 2,500 PHP 3,000

TOTAL PHP 32,500 PHP 29,652 PHP 37,500 PHP 29,500 PHP 30,000

Liabilities

Employees Salary PHP 17, 500 PHP 17, 500 PHP 20,000 PHP 20,000 PHP 21,000

Bank Loan PHP 10,000 PHP 5,600 PHP 3,200

Notes Payable PHP 5,500 PHP 1,000 PHP 2,000

Interest Payable PHP 1,052 PHP 2,800 PHP 1,500

TOTAL PHP 27,500 PHP 24,152 PHP 31,500 PHP 22,500 PHP 23,000

Shareholder’s equity

Investor 1 PHP 5,000 PHP 5,500 PHP 6,000 PHP 6,500 PHP 7,000

TOTAL PHP 5,000 PHP 5,500 PHP 6,000 PHP 6,500 PHP 7,000

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 TOTAL LIABILITIES AND PHP 32,500 PHP 29,652 PHP 37,500 PHP 29,500 PHP 30,000
SHAREHOLDER’S EQUITY

INCOME STATEMENT

YEAR 1
JAN FEB MARCH APRIL MAY JULY AUG SEP OCT DEC
JUNE NOV

(2%) (3%)

Sales 18,000 18,000 18,000 18,000 18,000 18,360 18,360 18,360 18,360 18,360 18,911 18,911

300 300 300 300 300 306 306 306 306 306 315 315

Unit Price

17,700 17,700 17,700 17,700 17,700 18,054 18,054 18,054 18,054 18,054 18,596 18,596
Gross
profit

Expenses:

5,000 5,000 5,000 5,000 5,000 5,100 5,100 5,100 5,100 5,100 5,253 5,253
Salary

5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
Utilities

1,500 1,500 1,500 1,500 1,500 1,530 1,530 1,530 1,530 1,530 1,576 1,576
Rent

5,112 5,112 5,112 5,112 5,112 5,214 5,214 5,214 5,214 5,214 5,370 5,370
Other
Expense

16,612 16,612 16,612 16,612 16,612 16,844 16,844 16,844 16,844 16,844 17,199 17,199
Total
Expense

1,088 1,088 1,088 1,088 1,088 1,210 1,210 1,210 1,210 1,210 1,397 1,397
Net

Income

29
YEAR 2-5

Year 2 Year 3 (5%) Year 4 (6%) Year 5 (8%)

Sales 226,800 238,140 252,428 272,622

Unit Price 315 331 351 379

Gross Profit 226,485 237,809 252,077 272,243

Expenses:

Salary 63,036 66,188 70,159 75,771

Utilities 63,036 66,188 70,159 75,771

Rent 18,912 19,858 21,049 22,733

Other Expenses 64,440 67,662 71,722 77,460

Total Expenses 219,424 219,223 233,089 251,735

Net Income 7,061 18,586 18,988 20,508

30