Cozy Bucket Buffet Start Up Cost

Project Cost
Land 1,800
Land Improvements 500
Buildings 1,500
Interior Improvements 500
Equipments 672
Furniture and Fixtures 315
Office Equipments 1,043
Office Furniture and Fixtures 15
Raw Materials 105
Working Capital 165
Total Project Cost 6,615

Office Equipment
Estimated Economic Life Acquisition Cost
POS (Point of Sale System) 5 500,000
CCTV with Monitor 5 2,300
Computer Set 5 15,000
Printer 5 5,000
Total

Office Furniture and Fixture

Estimated Economic Life Acquisition Cost
Office Table and Chair 5 15,000
Total
Annual Depreciation
100000
460
3000
1000
104460

Annual Depreciation
3000
3000
 LOAN AMORTIZATION SCHEDULE

Loan Information Summary

Loan Amount 500,000.00
Annual Interest Rate 3.00%
Term of Loan in Years 2
First Payment Date 1/31/2022
Payment Frequency Bi-Monthly
Compound Period Bi-Monthly
Payment Type inning of Period
Rounding On
Periods Per Year 12
Compound Period 12
Payment Type 0
Months Per Period 1
Number of Periods 24
Rounding Option 1

Bi-Monthly Payment 21,490.61

Yearly Summary
Additional
Year Payments Payments Interest Paid

2022 257,887.32 0.00 11,632.31

2023 257,887.22 0.00 4,142.23

Amortization Schedule
Due Payment Additional
No. Interest
Date Due Payment

1 1/31/22 21,490.61 1,250.00

2 2/28/22 21,490.61 1,199.40
3 3/31/22 21,490.61 1,148.67
4 4/30/22 21,490.61 1,097.82
5 5/31/22 21,490.61 1,046.83
6 6/30/22 21,490.61 995.72
7 7/31/22 21,490.61 944.49
8 8/31/22 21,490.61 893.12
9 9/30/22 21,490.61 841.63
10 10/31/22 21,490.61 790.01
11 11/30/22 21,490.61 738.25
12 12/31/22 21,490.61 686.37
13 1/31/23 21,490.61 634.36
14 2/28/23 21,490.61 582.22
15 3/31/23 21,490.61 529.95
16 4/30/23 21,490.61 477.55
17 5/31/23 21,490.61 425.02
18 6/30/23 21,490.61 372.35
19 7/31/23 21,490.61 319.56
20 8/31/23 21,490.61 266.63
21 9/30/23 21,490.61 213.57
22 10/31/23 21,490.61 160.38
23 11/30/23 21,490.61 107.05
24 12/31/23 21,490.51 53.59
End
 CHEDULE

Rate (per period) 0.250%

Total Payments 515,774.54
Total Interest 15,774.54
Est. Interest Savings -
.
.

[42]

Year-End
Principal Paid Balance
250,000.00
246,255.01 3,744.99
253,744.99 -250,000.00

dule
Principal Balance

500,000.00
20,240.61 479,759.39
20,291.21 459,468.18
20,341.94 439,126.24
20,392.79 418,733.45
20,443.78 398,289.67
20,494.89 377,794.78
20,546.12 357,248.66
20,597.49 336,651.17
20,648.98 316,002.19
20,700.60 295,301.59
20,752.36 274,549.23
20,804.24 253,744.99
20,856.25 232,888.74
20,908.39 211,980.35
20,960.66 191,019.69
21,013.06 170,006.63
21,065.59 148,941.04
21,118.26 127,822.78
21,171.05 106,651.73
21,223.98 85,427.75
21,277.04 64,150.71
21,330.23 42,820.48
21,383.56 21,436.92
21,436.92 0.00
 Manpower Cost

Direct Labor
Position 2017 2018 2019 2020 2021 SSS-ER

Chef/ Head Cook 192,000 200,256 208,872 217,848 227,220 1,500.00

Kitchen Assistants 360,000 375,480 391,620 408,456 226,024 1,500.00
Total 552,000 575,736 600,492 626,304 153,244 3,000.00

Indirect Labor
Position 2017 2018 2019 2020 2021 SSS-ER

Bussers 192,000 200,256 208,872 217,848 227,220 1,500.00

Buffeters 192,000 200,256 208,872 217,848 227,220 1,500.00
Dishwashers 264,000 275,352 287,196 299,544 312,420 1,500.00
Security Guards 288,000 300,384 313,296 326,772 340,824 1,500.00
Total 936,000 976,248 1,018,236 1,062,012 1,107,684 6,000.00
 3% 3%
Provident
EC-ER Philhealth Pag-Ibig Monthly Total
Fund
544,620.00 425.00 284.03 284.03 21,509.25
340,380.00 425.00 282.53 282.53 15,802.61
885,000.00 850.00 566.56 566.56 37,311.86

3% 3%
Provident
EC-ER Philhealth Pag-Ibig Monthly Total
Fund
544,620.00 425.00 284.03 284.03 21,509.25
544,620.00 425.00 284.03 284.03 21,509.25
748,860.00 425.00 390.53 390.53 29,555.17
816,930.00 425.00 426.03 426.03 32,236.97
2,655,030.00 1,700.00 1,384.61 1,384.61 104,810.64
 Income Projection

Unit sold / COS per

Product SRP Monthly Sales Monthly COS
month unit
Eat-All-You can buffet each platter (ADULT) 299.00 360 107,640.00 134.55 48,438.00
Child each plate 150.00 360 54,000.00 67.50 24,300.00
Monthly Totals 720 161,640.00 72,738.00

Year 1 Totals 1,939,680.00 872,856.00

Monthly Gross
Income
59,202.00
29,700.00
88,902.00

1,066,824.00
 Cözy Bucket Buffet INCOME STATEMEN
FOR THE YEAR ENDED DECEMBER 31, 2
(Amounts in Php)
NOTES 2017
GROSS SERVICE
2 1,384,040.79
REVENUE
LESS: Cost of Services 3 1,117,280.00
Gross Margin 266,760.79
LESS: Other Operating
Expenses

Administrative Salaries
4 28,080.00
(gross of benefits & taxes)

Supplies - Administrative 6 1,454.00

Depreciation 12 31,813.26
Permits & Licenses 13 59,601.22
Janitorial & Maintenance 14 3,240.00
Safety Tools 15 4,074.00
Benefits 16 106,109.24
Total Expenses 234,371.72
Net Income before Taxes 32,389.07
Income Tax (30%) 9,716.72
Net Income/(Loss) after
22,672.35
Taxes
 Cözy Bucket Buffet INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2021
(Amounts in Php)
2018 2019 2020

1,550,125.68 1,660,848.95 1,889,931.56

1,142,148.02 1,156,665.38 1,205,247.09

407,977.66 504,183.57 684,684.47

28,080.00 28,080.00 29,484.00

1,630.00 1,806.00 1,982.00

31,813.26 31,813.26 31,813.26
57,103.77 60,425.47 67,297.95
1,500.00 2,290.00 650
- 3,999.00 -
108,143.64 108,143.64 112,778.32
228,270.67 236,557.37 244,005.53
179,707.00 267,626.20 440,678.95
53,912.10 80,287.86 132,203.68

125,794.90 187,338.34 308,475.26

2021

2,119,014.17

1,220,266.15
898,748.02

29,484.00

2,158.00
31,813.26
74,170.43
2,640.00
4,074.00
112,778.32
257,118.00
641,630.02
192,489.01

449,141.01
 Cözy Bucket Buffet STATEMENT OF FINANCIAL POSITION

YEAR ENDED DECEMBER 31, 2021

(Amounts in Php)
NOTES 2017 2018 2019 2020 2021
Assets
Current Assets

Cash and Cash Equivalents (see Note

1 91,009 140,912 247,488 467,208 766,665
on Statement of Cash Flows for Details)

Prepaid Rent 7 75,000 75,000 75,000 75,000 75,000

Total Current Assets 166,009 215,912 322,488 542,208 841,665
Non-Current Assets
Furniture & Fixtures 12 68,965 68,965 68,965 69,145 89,643
Accumulated Depreciation - Furniture &
12 9,493.59 18,987.17 28,480.76 37,854.34 47,407.93
Fixtures
Machineries & Equipment 12 72,848 72,848 72,848 72,848 115,697
Accumulated Depreciation - Machineries
12 12,320 24,639 36,959 49,279 61,598
& Equipment
Leasehold Improvement 8 50,000 50,000 50,000 50,000 50,000
Accumulated Depreciation - Leasehold
8 10,000 20,000 30,000 40,000 50,000
Improvement
Total Net Non-Current Assets 160,000 128,186 96,373 64,860 96,334
Total Assets 326,009 344,098 418,861 607,068 937,999
Liabilities and Equity
Liabilities
Rent Payable 7 6,000 12,000 18,000 9,000 -
Income Tax Payable IS 2,429 13,478 20,072 33,051 48,122
Percentage Tax Payable 2 10,380 11,626 12,456 14,174 15,893
Expanded Withholding Tax Payable 4, 7 4,527 4,527 4,527 4,562 4,562
Total Liabilities 23,336 41,631 55,055 60,788 68,577
Equity
Abejero, Capital SOCE 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Gonzales, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Lutao, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Merced, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Pulumbarit, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Capital, Tidalgo 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Villanueva, Capital 43,238.91 43,209.61 51,972.23 78,040.12 124,203.12
Total Equity 302,672 302,467 363,806 546,281 869,421.86
Total Liabilities and Equity 326,009 344,098 418,861 607,068 937,999
 Cash Flow
Cözy Bucket Buffet
Statement of Cash Flows
For the year ended December 31, 2021 (Amounts in Php)
2017 2018 2019
Cash Flow From
Operating Activities
Operating Income 22,672.35 125,794.90 187,338.34
Add: Depreciation 31,813.26 31,813.26 31,813.26
Add/(Deduct):
Increase/ (Decrease) in
2,429.18 11,048.84 6,593.94
Income Tax Payable
(Increase)/Decrease in
-75,000.00 - -
Prepaid Expenses
Increase/(Decrease) in Rent
6,000.00 6,000.00 6,000.00
Payable
Increase/(Decrease) in
10,380.31 1,245.64 830.42
Percentage Tax Payable
Increase/(Decrease) in
4,527.00 - -
EWT Payable

NET CASH PROVIDED BY

2,822.09 175,902.64 232,575.97
OPERATING ACTIVITIES

Cash Flow From Investing

Activities
Add/(Deduct):

(Increase)/ Decrease in
-72,848.00 - -
Machineries & Equipment

(Increase)/ Decrease in
-68,965.00 - -
Furniture & Fixtures
(Increase)/ Decrease in
-50,000.00
Leasehold Improvement
NET CASH USED IN
-191,813.00 - -
INVESTING ACTIVITIES
Cash Flow from Financing
Activities
Add/(Deduct):
Increase/ (Decrease) in
280,000.00 - -
Invested Capital
Withdrawals - -126,000.00 -126,000.00
Net Cash Provided by
280,000.00 -126,000.00 -126,000.00
Financing Activities
Net Increase in Cash 91,009.09 49,902.64 106,575.97

Cash balance, beginning - 91,009.09 140,911.73

Cash balance, ending 91,009.09 140,911.73 247,487.70

n Php)
2020 2021

308,475.26 449,141.01
31,873.26 31,873.26

12,978.96 15,071.33

- -

-9,000.00 -9,000.00

1,718.12 1,718.12

35.1 -

346,080.70 488,803.72

- -42,849.00

-180 -20,498.00

-180 -63,347.00

-126,000.00 -126,000.00

-126,180.00 -126,000.00

219,720.70 299,456.72

247,487.70 467,208.40

467,208.40 766,665.12
 Financial Ratio

2017 2018 2019 2020 2021

ANALYSIS OF LIQUIDITY OR SHORT-TERM

SOLVENCY

Current Ratio = Current Assets / Current Liabilities 7.114 5.186 5.858 8.92 12.273

Quick or Acid Test Ratio = Quick Assets (Cash

3.9 3.385 4.495 7.686 11.18
and Cash Equivalents) / Current Liabilities

Cash-Flow Liquidity Ratio = Cash Flow from

0.121 4.225 4.224 5.693 7.128
Operating Activities / Current Liabilities

ANALYSIS OF ASSET LIQUIDITY AND ASSET

MANAGEMENT EFFICIENCY

Fixed Asset Turnover = Net Sales / Average Net

8.65 10.758 14.792 23.443 26.292
Property, Plant and Equipment

Total Asset Turnover = Net Sales / Average Total

4.245 4.755 4.827 4.512 3.491
Assets

ANALYSIS OF LEVERAGE: DEBT FINANCING

AND COVERAGE

Debt Ratio = Total Liabilities / Total Assets 0.072 0.121 0.131 0.1 0.073

Debt to Equity Ratio = Total Liabilities / Total

0.077 0.138 0.151 0.111 0.079
Equity

Fixed Charge Coverage = Operating Profit +

Lease Payments / Interest Expense + Lease 1.106 1.587 1.875 2.44 3.097
Payments

OPERATING EFFICIENCY AND PROFITABILITY

Gross Profit Margin = Gross Profit / Net Sales 0.193 0.263 0.304 0.362 0.424

Operating Profit Margin = Operating Profit / Net

0.023 0.116 0.161 0.233 0.303
Sales
Net Profit Margin = Net Income / Net Sales 0.016 0.081 0.113 0.163 0.212

Cash Flow Margin = Cash Flow from Operating

0.002 0.113 0.14 0.183 0.231
Activities / Net Sales

Return on Investment on Assets = Net Income /

0.07 0.375 0.491 0.601 0.581
Average Total Assets

Return on Equity = Net Income / Average

0.075 0.416 0.562 0.678 0.635
Partners’ Equity