How much is your estimated capital?

Land Cost PHP 10,000,000

Construction and licensing
1. Construction PHP 9,750,000
2. License/Permits/Business PHP 150,000
Registration
Human Resource/Staffing
1. Chefs/Cooks PHP 40,000 (x4) = PHP 160,000
2. Servers/Housekeepers PHP 16, 267 (x8) = PHP 130,136
3. Supervisor PHP 18,000
Equipment and Ingredients
1. Kitchen equipment PHP 2,178,400
2. Raw Ingredients/Other Ingredients PHP 50,000 (per month)
Total:

START-UP BUDGET
Monthly Expenses Projected Monthly Cash needed to % Of Total
Expenses start
Salary (Supervisor, PHP 308,136 PHP 308,136 1.30%
Chefs/Cooks,
Servers/Housekeepers)
Supplies (Ingredients, PHP 168,826 PHP 168,826 0.71%
other tools)
Other Utilities and Bills PHP 28,000 PHP 28,000 0.12%
(Electricity, Water,
Telephone)
Maintenance PHP 8,000 PHP 8,000 0.03%
Miscellaneous PHP 10,000 PHP 10,000 0.04%
Subtotal: PHP 522,962 PHP 522,962 2.21%

One Off Costs

Land Cost PHP 10,000,000 42.33%
Planning and Construction PHP 10,750,000 45.5%
License/Permits/Business Registration PHP 150,000 0.63%
Kitchen and Other Equipment, Furniture PHP 2,178,400 9.22%
Advertising/Promotion PHP 10,000 0.04%
Other PHP 15,000 0.06%
Subtotal: PHP 23,103,400 97.79%

TOTAL ESTIMATED START-UP CAPITAL PHP 23,626,362 100%

 Human Resource/Staffing
1. Chefs/Cooks PHP 40,000 (x2) = PHP 80,000
2. Kitchen staff PHP 14,000 (x4) = PHP 56,000
3. Servers/Housekeepers PHP 14,000 (x4) = PHP 56,000
4. Supervisor PHP 18,000

Start- Up Budget
Projected
Cash needed
MONTHLY EXPENSES Monthly % of Total
to Start
Expenses
Salary of owner-manager $8,000 $8,000 3.8%
All other salaries and wages $7,000 $7,000 3.3%
Rent/lease $2,200 $2,200 1.0%
Advertising & promotion $200 $200 0.1%
Delivery expense
Supplies (stock-in-trade) $3,100 $3,100 1.5%
Telephone $300 $300 0.1%
Other utilities (electricity, gas etc) $500 $500 0.2%
Insurance
Consumables $300 $300 0.1%
Interest $460 $460 0.2%
Maintenance $200 $200 0.1%
Legal and Professional costs $250 $250 0.1%
Miscellaneous
Subtotal $22,510 $22,510 10.7%

One Off' Costs

Fixtures and Equipment $50,000 23.8%
Fitout
Installation charges
Starting Inventory $3,000 1.4%
Deposits for utilities (electricity, gas etc) $400 0.2%
Legal and professional fees $2,750 1.3%
Registrations, licenses and permits $1,000 0.5%
Advertising and promotion for opening $550 0.3%
Cash $5,000 2.4%
Other $124,600 59.4%
Subtotal $187,300 89.3%
Other includes goodwill, rent in advance & insurance

TOTAL ESTIMATED START-UP CAPITAL $209,810 100.0%

Labor cost
Minimum Wage – 310.00 per day x 30 days x 4 employees = 37,200.00
Employee training – 500 + 400 + 350 x 4 = 5,000.00
Location
Rent / Lease Space
Equipment
Licensing
What are the fees for business registration in the Philippines?
The following are the minimum fees for business registration in the Philippines:
 Securities and Exchange Commission (SEC) Registration Fees:
o Business Name Reservation for 90 days: ₱120
o SEC Express Lane: ₱600 
o SEC Registration Fee: ₱2,530 
o Stock Transfer Book: ₱500 
o BIR Documentary Stamps: ₱1,500 
o Notarial Fees: ₱1,500 
o Total SEC registration expenses: ₱6,750
 Department of Trade and Industry (DTI) Registration Fees:
o For Barangay: ₱200
o For City/Municipality: ₱500
o For Regional: ₱1,000
o Total DTI registration expenses: ₱1,700
 Bureau of Internal Revenue (BIR) Registration Fees:
o Registration Fee: ₱500
o Loose Documentary Stamp Tax: ₱30
o Total BIR registration expenses: ₱530