A FEASIBILITY OF PUTTING UP COMRO EVENTS IN ORMOC

CITY

A Feasibility Study
Presented to the Senior High School Faculty of
ACLC College of Ormoc City, Inc.

In Partial Fulfillment
Of the Requirements for the Inquiries, Investigation, and Immersion subject
Senior High School Department
Grade 12 ABM-C Audit

By

Hingabay, Rowelyn S.

Maguikay, Cherrie Lynne M.

Pemio, Ronalyn L.

Peregrino, Le-ann Mae B.

Tadefa, Donna Lee B.

May 2023
 APPROVAL SHEET
This feasibility study entitled, “FEASIBILITY OF PUTTING UP COMRO EVENTS
IN ORMOC CITY” prepared, and submitted by “HINGABAY, ROWELYN S.,
MAGUIKAY, CHERRIE LYNNE ANNE M., PEMIO, RONALYN L.,
PEREGRINO, LE-ANN MAE B., TADEFA, DONNA LEE B. ”, in partial fulfillment
of the requirements for the subject in INQUIRIES, INVESTIGATION, AND
IMMERSION has been examined and recommended for acceptance and approval for
ORAL EXAMINATION.

RESEARCH COMMITTEE

CHRISTIAN A. MIRO
Research Adviser

PANEL 1 PANEL 2 PANEL 3

Member Member Member

JANICE D. AYA-AY
Chair

PANEL OF EXAMINERS

Approved by the committee on Oral Examination with a grade of PASSED/FAILED.

JANICE D. AYA-AY
Chair

PANEL 1 PANEL 2 PANEL 3

Member Member Member

CHRISTIAN A. MIRO
Research Adviser

Accepted and approved as partial fulfillment of the requirements for the subject in
INQUIRIES, INVESTIGATION, AND IMMERSION.
Date of Oral Examination PASSED/FAILED: May xx, 2023.
JUDIE ROSE C. ALICAYA, LPT
SHS Coordinator
 ACKNOWLEDGEMENT

First, we would like to thank God for giving us the ability to think through the

content of our research paper and for providing us with the comfort and fortitude to

persevere through difficult circumstances. To our subject adviser, Ms. Janice Aya-ay, for

her confidence and leadership, and especially to our research adviser, Mr. Christian Miro,

for his assistance and teaching of the things that we are going to consider and to make in

our planned business to be completed flawlessly. To our families, friends, and loved ones

who inspire and motivate us to push through this study for us to pass on this research. To

the members who fully exerted their efforts, their patience, and endured sleepless nights

to ensure that this study was completed on schedule. Indeed, we are very much grateful

for all of the people behind this study and for making this through.
 DEDICATION

We dedicated this research to our loved ones, close friends, and everyone else

who had faith in our knowledge and discernment throughout the course of this study.

Additionally, we would want to dedicate this to all readers, including students, other

researchers, and future researchers. We believe that this study report will teach its readers

something new. Through our trip, we've discovered a lot about starting a business, and

we've come to the conclusion that it is not simple or straightforward to determine whether

your intended business can be established or not. However, with the support of the people

who spearheaded our studies, we found it to be both fascinating and enlightening.

 TABLE OF CONTENTS

TITLE PAGE i

APPROVAL SHEET ii

ACKNOWLEDGEMENT iii

TABLE OF CONTENTS iv

LIST OF TABLES v

LIST OF FIGURES v

ABSTRACT vii

Chapter Page

I DESCRIPTION OF THE PROJECT

General Information 1

II MARKET FEASIBILITY

Industry Description 5

Industry Competitiveness 6-8

Market Potential 9

Demand and Sales Analysis 10

Market Strategies 11

III TECHNICAL FEASIBILITY

 Location and Facility Needs 12-14

Cost of the Building 15

IV ORGANIZATIONAL FEASIBILITY

Business Structure 16

Organizational Structure 18

Business Policies 18

V FINANCIAL FEASIBILITY

Capital Requirements 27

Equity and Credit Needs 28-30

Income and Cost Analysis 30

Financial Analysis 31-35

VI STUDY CONCLUSIONS

BIBLIOGRAPHY 37

REFERENCES 38

APPENDICES 40

Transmittal Letter 40

Questionnaire 41-42

Result 43-45

Curriculum Vitae 46-50

 LIST OF TABLES

Title Page

Industry Competitiveness 6-7

SWOT Analysis 8

Facility Needs 13-15

Operation Policy 20

Reward Systems of the Employees 21-25

Capital Requirements 27- 28

Equity and Credit Needs 28-30

 LIST OF FIGURES

Title Page

Demand and Sale Analysis 10

Location and Facility Needs 12

Organizational Chart 18

Financial Analysis

Statements of Comprehensive Income 31

Statements of Cash Flows 32

Statements of Financial Position 33

Statements of Partners’ Equity 34

 ABSTRACT

The introduction and explanation of our feasibility study are found in chapter one,

where we also offer the specific data, goals, and plans for our company. The market

viability section of chapter two includes a summary of the business's SWOT analysis,

which identifies its strengths, weaknesses, opportunities, and threats, as well as marketing

plans for how we will advertise our services to the general public. The technical

feasibility of our planned business, including its location and timing, as well as the

facilities required and their associated costs, are all discussed in Chapter 3. The

organizational feasibility section of chapter four provides a summary of the

organizational structure of our business, the job descriptions and responsibilities of each

employee, and the company policies that each employee/worker is required to take into

account and adhere to. The financial viability section of chapter five concludes the

project's overall expenses, lists the sources of funding to cover the required funds, and

analyzes the financial statements to show whether our income is increasing annually and

whether the cash flow statement's outcomes are balanced. This study aims to determine

whether it is feasible to set up Comro Events in Ormoc City and whether the public

would support our proposed venture. An interview technique and a survey questionnaire

were utilized as the research instruments for this company feasibility study. Using these

techniques, it was determined that our firm could be set up in Ormoc City due to the high

demand for the service that people would want to use because they want to celebrate

special occasions and want them to be lovely and unforgettable. Because there is always a

celebration in a certain month every year, event planners are in high demand today.
 CHAPTER I

DESCRIPTION OF THE PROJECT

An event organizer is a type of business where it holds and

manages different kinds of events and occasions. Organizers will meet

with the clients to go over their wants and other significant issues, as well

as to preserve our working relationship with them and the caterers and

other suppliers who will be in charge of setting up, carrying out, and

cleaning up the events. The team will guarantee that every last element of

the plan is in place and outlined in microscopic detail, and everything must

occur as it should on the day to ensure success on time and within budget.

Once our proposal has been approved, the next step is to make the ideas a

reality. Event planning is more complex than most people think because it

involves a large package and a great deal of responsibility that is in our

hands.

Mission

Comro Events, strive to ensure clients' satisfaction as we deliver

personalized and unique experiences that go above and beyond

expectations by continually providing exceptional service that creates an

overall spectacular event experience.

Vision

1
 To be the top first event organizer in Ormoc City and to receive an

award for an outstandingly good service business.

General & Specific Objectives

 To satisfy customers with the best selections and offerings that we can

share with them at their events/occasions with the lowest possible

prices that are worth payable.

 To expand our event offerings with better than-ever quality.

 To be the city’s most well-known event organizer that delivers high

quality and focuses on the uniqueness and peculiarities of our client’s

project.

The Comro Event was produced by the five corporation members

since it has a significant duty and requires time to plan. Unity is a strength

in establishing our business "event organizer." The kind of business entity

we've chosen to use is a corporation. We are part of a legal entity that is

separate and different from its owners because of the company. Because

corporations have numerous advantages in both sectors, we decided to

employ this sort of corporate structure.

We plan to establish our specific location in Rizal Street, Ormoc

City. We tend to make our office near the city proper so that it would be

convenient for the customer to catch us. We choose to locate at a place

where numerous individuals will be able to seek our office easily and

2
could attract customers; hence, a tremendous possibility for our business to

expand.

We started proposing our feasibility study, which is a study of

putting up an Event Organizer in Ormoc City on November 29, 2022, and

plan to start our business in late 2023. Our office will open at 8:00 am and

close at 5:00 pm. In any case, if someone wants to book immediately, and

it isn't office hours, we have employees that can entertain our clients even

if it is past office hours. We have employees that control our telephone

numbers and social media accounts so they can contact or message us.

Comro Events offers different types of packages and deals for a

variety of events which include the following:

a. Debut

b. Wedding

c. Grand Birthday Celebration

d. Christening

e. Festivals

f. Reunion

g. Christmas Party

h. Exhibitions

i. Charity Events

3
 j. Welcoming Home Party

k. Despedida (Farewell) Party

l. Conferences and Seminars

m. Product or Service Launch

n. Company Meetings and Off-sites

o. Company Party

p. Award Ceremonies

q. Fashion Shows and Red Carpets

These occasions are significant because there are several tasks to complete

before, during, and after the event. Because this type of event is corporate,

it must be exceptional and offer top-notch service in order for our

customers to be happy with our offerings.

Prices of each event packages:

- Grand Birthday Celebration -100,000

- Debut Package - 200,000

- Wedding Package - 200,000

- Baby Related Events - 50,000

- Public Events - 300,000

- Organization/Business Events-150,000

4
- Other Events- 50,000

CHAPTER II

MARKET FEASIBILITY

This chapter attempts to review the market feasibility of the study

which includes the industry analysis and competitiveness of the proposed

business.

Industry Description

Our business, Comro Events is a service type of business where

people can trust their upcoming occasions, events, or activities to this

organization that already knows the overall plan for these significant

events.

We offer different event packages according to our costumer’s

needs and wants, Debut packages, Wedding packages, Birthday packages,

and other Event Packages.

5
Industry Competitiveness

DIRECT LOCATION PRICE

COMPETITORS RANGE

 Agnes and Baticulin St. Php100,000-

John, Ormoc, 6541 Php500,000+

Wedding, Leyte

and Event

Planner

Agnes

 M Event Lopez Jaena St. Php150,000-

Concept Ormoc City Leyte Php700,000+

 Steadfast Valle Street, Php280,000-

Events Ormoc City Leyte Php800,000+

INDIRECT LOCATION PRICE

COMPETITORS RANGE

 Noelle Nikandrea Php50,000-

West Building, Neo Php100,000

Anilao Bridge,
6
 Bridals Cogon, Ormoc

City, Leyte

 Young Superdome, Ormoc Php20,000-

Attitudes City, 6541 Php50,000

Cakes and

Caterings

 BAM Carigara, Leyte Php25,000-

Aesthetic Php50,000

Designs

and

Decors

As any event planner knows, successfully running a business

requires tremendous flexibility and adaptability – anticipating and

responding to new trends and finding new solutions to customers’

challenges. Analyzing your competition plays a vital role in shaping your

company’s strategies. It determines your strength and shortcomings within

the market. It gives your business a distinct advantage from traditional and

non-traditional competition. While analyzing the competition, you can

exploit any weakness that belongs to your competition. However, it

becomes difficult to compete with new competition if you fail to

7
 understand a broader competitive space, where a non-traditional brand

constantly fights to capture consumers’ minds space.

SWOT ANALYSIS

STRENGTHS WEAKNESSES OPPORTUNITIES THREATS

 Experienced  Lack of  Little  Strong

and sufficient competition Competition
motivated financing  Favorable  Bad weather
team for the economic  Unprepared
 Effective event conditions infrastructure
solutions for  Inexperienc  Support from  Poor time
event ed event local management
management team authorities  Careless
 Effective  Inefficient  Growing mistakes
tools for the registration Demand
promotion of and event
events manageme
 High nt system
motivation  Scammers
level
 Uniqueness

The given weaknesses and threats of the business can greatly affect

its competitiveness. The weaknesses, as given in the table above, are

temporary factors that affect the business and can be solved at any time.

For instance, the lack of sufficient financing for the event can be avoided

by planning ahead of the outline of the event to estimate the budget

effectively. An inexperienced event team would be a worse case in event

organizing, but this can be prevented as skills can be learned. On the

contrary, the threats are the permanent factors that will greatly affect the

8
business. Strong competition cannot be avoided as it is normal in the

business world to have competitors. Strong teamwork of event organizers

will surely give solutions to the threat. Having bad weather is the worst for

event organizers. We have no control over the weather; hence some

events/occasions may link to a postponement of the said event.

Unprepared infrastructure can lead to serious accidents. It is best to check

and take precautions for the infrastructure to be used for the event to be

delivered smoothly. Poor time management and careless mistakes are

unavoidable. These can happen a lot of times since there is no perfect man

in the business, but this is surely not the basis to stop doing business.

Mistakes can be learned and used as a tool for improvement. Business is a

business; it is a continuous process of failure and success.

Market Potential

Event organizers work in many market sectors. Depending on your

experience, you can choose to offer a general event planning service or a

specialized service in sectors such as social events, corporate events, or

events for nonprofit organizations. Within those sectors, you can specialize

further by focusing on specific events such as weddings, sales conferences,

or fundraisers. Event organizers benefit from price optimization more than

any other industry, but at the same time, it Is often an incredibly

challenging task. Only as little as 12% of consumer brands have a winning

pricing strategy. Thus, the demand for our services in this industry is high

and consequently, we have grown in expertise with the many projects we

9
 have done. Here in the Philippines, the rate of event organizers is from ₱

50,000- 300,000 pesos it depends on what the customers want to be the

outcome of their event.

Demand and Sales Analysis

YEAR 2023

EVENT No. of handled Total no. of handled

event each month events annually

Debut 10 120

Wedding 10 120

Grand Birthdays 9 108

Baby Events 8 96

Organizations/ 7 84

Business Events

Public Events 5 60

Other Events 5 60

YEAR 2024

10
 EVENT No. of handled Total no. of handled

event each month events annually

Debut 13 156

Wedding 13 156

Grand Birthdays 11 132

Baby Events 10 120

Organizations/ 9 108

Business

Public Events 7 84

Other Events 7 84

YEAR 2025

EVENT No. of handled Total no. of handled

event each month events annually

Debut 15 180

Wedding 15 180

Grand Birthdays 13 156

Baby Events 11 132

Organizations/ 10 120

Business

Public Events 8 96

11
 Other Events 8 96

The approximate proportion of an industry that a specific business earns over a

given time period is known as estimated market share. Starting an event services

company requires starting with this Comro Events revenue prediction. It offers a

quick and simple way to predict revenue for an event service business over the next

three years, as demonstrated in the example above. Such information includes how

many events we can handle each month, multiplied by 12, to determine how many

events we can handle year. As a result, the maximum capacity will be determined in

hours, and the capacity utilization will be determined by the number of consumers.

According to the tables above, our demand and sales are growing year over year,

and this is due to the strong demand and low pricing of our service fees, which are

effective at capturing the interest and expectations of our clients.

Market Strategies
12
 An event organizer is a type of business where it holds and manages

different kinds of events and occasions. Event organizers planned ahead of

the outline of the supposed events/occasions to estimate the budget

needed. Social media can bring a big bang for the business because social

media has a huge part in modern business. More people can engage and

communicate with the event organizers hassle-free. Creating a blog will

push the business higher since making a blog on a website can be

effectively used to communicate news about the event, its purpose, goal,

and objectives. Chances of getting ahead in search engine rankings are

likely higher as it has the advantage of being boosted through any social

media. Our business is mainly targeting audiences, particularly living in

Ormoc City, who want to wish their occasions to be efficient and cost-

effective.

CHAPTER III

13
 TECHNICAL FEASIBILITY

This chapter reveals the technical feasibility to be employed by the

researchers in conducting the proposed business.

Location and Facility Needs

The former Gaisano Mall was constructed on Rizal Street in Ormoc

City, where we intend to open our business after the catastrophic fire

accident that destroyed the mall. The area was changed today to a public

parking lot. We wish to buy this lot because it is more convenient for us to

get the supplies we need and because it has a high potential for attracting

customers.

14
Facility Needs

ITEM QUANT COS TOTAL SUPPLIE USE DEPRECIA

ITY T R FUL TION
LIFE
Different 50packs 172 ₱8,600 Happy- 1 year ₱8,600
Colors of (50pcs.) per party-
Metallic pack needs
Balloon (Shopee)
Different 50 172 ₱8,600 Happy- 1 year ₱8,600
Colors of pac per party-
Macaroon ks pack needs
Balloon (10 (Shopee)
0pc
s.)
Different 25. 45 per ₱1,143 Kin 1 year ₱1,143
Colors of 4 meter gs
Silk Tela me
ters
Different 12. 99 per ₱1,257.3 Kin 1 year ₱1,257.
Colors of 7 meter gs 3
Cotton me
Linen ters
Tela
Red 3 (the 999 ₱2,997 Kobee.ph 3 ₱999
Carpet long each (Shopee) years
carpet)
Artificial 1,000 20 per ₱10,000 High 3 ₱6,670
Flowers pcs. piece Mountain years
(Shopee)
Artificial 500 pcs. 50 per ₱25,000 High 3 ₱8,335
Plants and piece Mountain years
Leaves (Shopee)
Chairs 500 100 ₱50,000 Salvo.ph. 5 ₱10,000
chairs each Official years
(Shopee)
Tables 500 250 ₱125,000 Salvo.ph. 5 ₱25,000
tables each Official years
(Shopee)
DSLR 5 30,00 ₱150,000 Brilliant 5 ₱30,000
Canon cameras 0 per Channel years
Camera camer (Shopee)
15
 a
Photo- 10 items 5,000 ₱50,000 Brilliant 3 ₱16,666
shoot each Channel years .7
Props (Shopee)
Service 50 600,0 ₱3,000, Isuzu, 20 ₱1,500,
Truck service 00 000 Philippine years 000
trucks s
Food 3 packs 1,250 ₱3,750 Yinshine 2 ₱1,875
Warmers/ per (Shopee) years
Container pack
s/ Food
Tray
Plates, 5 packs 14,32 ₱71,600 Yinshine 5 ₱14,320
Spoons, 0 per (Shopee) years
Forks, pack
Glasses &
Eating
Utensils
Wedding Family 3,125 ₱50,000 Stephanie’ 10 ₱5,000
Clothes of the s Wedding years
Package Bride & Boutique
Groom (Shopee)

16
clothes
Debut The 4,000 ₱20,000 Mineshop 10 ₱2,000
Dresses debutant 77 years
Package e (Shopee)
photosho
ot &
dresses

5 dresses
Other 10 items 500 ₱5,000 APL 1 year ₱5,000
Small (Ormoc
Expenses City)
TOTAL: ₱3,582, ₱1,645,
947.3 466

Cost of the building:

16
Rent for Land Cost: ₱20,000 per month

MATERIALS COST TOTAL COST SUPPLIER

10,000 pieces
15 per Macmercury
of Hallow ₱150,000
piece Hardware
blocks
5,000 sacks of 250 per Macmercury
₱1,250,000
cement sack Hardware
Php
Sand/10 3,500 Macmercury
₱35,000
Cubics per Hardware
cubic
Metal
Macmercury
Steel/1,000 Php 230 ₱230,000
Hardware
pieces
10 Wood Php Macmercury
₱28,000
Door 2,800 Hardware
Php Macmercury
2 Glassdoor ₱6,600
3,300 Hardware
500pieces
Macmercury
Plywood/ Php 800 ₱400,000
Hardware
Marine ½
Paint / 20
Php 730 Macmercury
different ₱14,600
(gallon) Hardware
colors
TOTAL ₱2,114,200.00

CHAPTER IV
17
 ORGANIZATIONAL FEASIBILITY

This chapter concludes how the business is constructed and the

organizational structure where it consists of the people behind this

business and their job description and functions in this organization.

Business Structure

Being a collaboration, everything we do begins with a strategy created by

the stockholders or business partners, passes through the minds of each

event, and is completed by the staff. Our large workforce enables us to

manage events and clients without encountering significant challenges or

running out of resources. Employees are the ones who work on the

projects and activities that were specifically assigned to them. The

company's partners or stockholders have the power to hire people,

terminate those who aren't necessary, and establish business plans. The

person in charge of events is the one who assumes command and makes

decisions regarding that event.

List of the people behind the Comro Events:

The Stockholders/Shareholders are the one who sets decisions

and plans for the company. They also have the power to choose the

person in charge of each event, allowing them to focus on other

assigned tasks.

18
Head/Event Organizer- They are the ones who organize events

and develop plans based on what the customers desire.

Head of the Food and Catering services- They oversee preparing

the meals for the occasions and events.

Head of Visuals (Photography and Video) - They are the ones

who take pictures, and record and produce videos of all occasions

and events.

Head of tailored dresses and suits- They produce the outfits,

dresses, and suits for celebrants, couples, and other individuals.

19
 Organizational Chart of Comro Events

Le-Ann Peregrino
Head Manager

Cherrie Maguikay
Head of Organizing
Events

Ronalyn Pemio
Rowelyn Hingabay Donna Lee Tadefa
Head of
Head of Head of Visuals
Food and Catering (Photography &Videos)
Tailoring Clothes
Services

Business Policies

The words below refer to the standards, traits, and conduct that

employees, employers, and organizations must uphold. They also refer to

the regulations that organizations must adopt and adhere to.

Equality Standards

All workers must be treated equally and given the same

opportunities regardless of their color, age, gender, sexuality, disability,

culture, or anything else that could lead to discrimination.

20
Safety Measure

Everyone working for the company is guaranteed safety in the

places where they are doing their jobs.

Here are the 8 safety tips in the workplace:

 Always Report Unsafe Conditions

 Keep a clean workstation

 Wear protective equipment

 Take breaks

 Do not skip steps

 Stay up to date with new procedures or protocols

 Maintain proper posture

 Offer guidance to new employees

Operating Policy

Employees are required to abide by organizational policies to keep

operations running properly. Some are created to offer direction and

benefit workers. Others try to shield the company from legal danger and

forewarn staff members from doing specific actions.

21
 Operation Sanctions Disciplinary

Policy Actions

Customer Written Dismissal,

Service warning written

reprimand

Health and Verbal Suspension,

Stay warning termination

Violations

Harassment Verbal Suspension,

and warning termination

Discriminati

on

Waste Management - Everyone needs to learn proper waste management

techniques for handling their garbage or waste. And they must practice the

3Rs, reduce, reuse, and recycle approaches that are environmentally

preferred to help save landfill space by keeping useful materials out.

3Rs

Reduce- Through the reuse and recycling of discarded products that can

still be utilized in other ways, we can reduce our waste and garbage.
22
Reuse – Instead of tossing away items that we believe to be still usable, we

can reuse them.

Recycle- We can recycle used materials so they can be utilized in different

ways rather than throwing them away.

Reward Systems of the Employee (incentive)

An employee incentive system is a tool or a program for rewarding

employees who have mastered their work habits and are on the path to

success.

Here are some of the rewards that an employee can have:

REWARDS DESCRIPTION REWARDS

RECEIVED

Bonus A bonus is a +5,000

financial

incentive that

employees

receive in

addition to their

set salary or

wages.

Profit-Sharing If the company 10%

earns more

23
 money as a result

of the efforts of

the people who

work on it.

Stock Options give employees

the right to

purchase a certain

number of shares

of the company's

stock at a fixed

price the "strike

price" for a

certain period.

Merit Pay Merit pay,

sometimes called

incentive pay,

is performance-

based pay that

gives employees

who hit a target or

perform their job

in gives

24
 employees who

hit the target or

perform their job

in an exceptional

manner a bonus

or an increase to

their base pay.

Fringe an extra

Benefits benefit supplemen

ting an

employee's salary,

for example, a

company

car, subsidized m

eals, or health

insurance.

Public public recognition

Recognition is an

acknowledgment

that happens in

front of others.

This could be in a

25
 company

meeting, event, or

on a social

recognition

platform that

connects the

company.

Paid Leaves Time allowed Even though

away from work they are on

for the holiday, leave, they

illness, etc. during continue to

which you receive get their

your normal pay: regular day

Management salary.

authorized more

bonuses and paid

leave to honor

good work and

paid leave to

honor good work.

Professional -

Development Management

26
 Training and

leadership

training

- Professional

certifications

- Technical

skills training

- Teamwork

and

interpersonal

skills training

- Employer–

subsidized

degrees

Legal Documents

The Philippine government requires the following documents are needed

to conduct business within the country:

27
Business Registration - Obtaining a Certificate and registering the

business name with the DTI Registration Form (COR). The COR serves as

documentation that the company is officially registered.

Barangay Clearance - The Barangay, or municipality, where the business

is located has issued a clearance stating that the business complies with the

Barangay's rules and regulations.

Mayor’s Permit - Permit granted by the mayor’s office of the city or

town, allowing them to conduct business within the jurisdiction.

Bureau of Internal Revenue (BIR) Registration - Registering the

business with the BIR for tax purposes. A business must obtain a Tax

Identification Number (TIN) and register for the sufficient tax type.

Health Permit - The health authority in the area issues a permit certifying

that the business meets health and sanitary regulations.

Fire Safety Permit - This permit issued through the Bureau of Fire

Protection certifies that the establishment meets fire safety criteria.

28
 CHAPTER V
FINANCIAL FEASIBILITY

This chapter discusses our demands for building construction, equipment, tools,

and other supplies for our business, the financial viability of our venture, and where we

can obtain our startup funds. This includes the financial, income, and cost analysis, equity

and credit needs, and capital requirement.

Total Project Cost

PARTICULARS AMOUNT

Facility Needs ₱3,582,947.30

Permits, Licenses, and Registrations ₱7,000.00

Cost of Building ₱2,114,200.00

Rent Expense for Lot ₱240,000.00

Utilities ₱54,000.00

Salaries ₱470,400.00

Marketing Expenses ₱9,199.00

TOTAL ₱6,477,546.00

The needed capital for the business to be operated in a whole year is

₱6,477,546.00.

The capital will be financed by the equity of our partners Maguikay, Peregrino,

Pemio, Hingabay, and Tadefa.

29
 The following table shows the capital breakdown by the contribution of the

business partners.

CAPITAL CONTRIBUTORS AMOUNT

Peregrino ₱1,295,509.20

Maguikay ₱1,295,509.20

Pemio ₱1,295,509.20

Hingabay ₱1,295,509.20

Tadefa ₱1,295,509.20

TOTAL ₱6,477,546.00

Equity and Credit Needs

Sources of Funds

The following details on the table are general information about its respective

credit source, some of the credit sources such as banks have different interest rates and

fees.

CREDIT AVAILABILITY RISKS INTEREST FEES AND

SOURCES RATES OTHER

COST

Broadly Risk of varies based on fees for starting

Banks accessible excessive fees credit score, a business, late

and interest loan type, and payments, early

rates and payments, and

30
 demanding lender others.

qualification

standards.

Requirement of Tight Usually less fees for

Credit Unions membership membership affordable than membership,

restrictions and typical banks loan

limited applications,

availability. penalties for

early

repayment, etc.

Broadly Risk of varies based on fees for starting

Online Lenders accessible, and excessive fees credit score, a business, late

frequently with and interest loan type, and payments, early

quick approval rates, as well as lender payments, and

times the chance of others.

fraud.

Personal Limited funds Personal No interest None

Savings available savings and rates

business are

connected.

Friends and It only depends It might affect 2 % to 4 % is None

Families on them the relationship reasonable

if the borrowed

31
 money will not

be paid on

time.

Income and Cost Analysis

Major assumptions throughout the years of Comro Events.

Financial assumptions:

1. In order to preserve consistency, the following financial statements would use the

calendar year.

2. The year 2023 would be the start of Comro events.

3. The estimated sales revenue of the business is ₱22,410,025.00 for 3 years.

4. Rent expense is ₱240,000 annually.

5. No supplies/inventory at the end of the year.

6. The government’s proclamation regarding the basic minimum wage would

determine labor costs or wages, thus salaries are not fixed during the course of a

business’s operations.

7. Equity and loans will be used to fund the capital. Debt will represent 40% of the

total and equity 60%.

32
Financial Statement Analysis

Comro Events
Statement of Comprehensive Income
For the year 2023-2025

33
 Comro Events
Statements of Cash Flows
For the year 2023-2025

34
 Comro Events
STATEMENTS OF FINANCIAL POSITION
For the year 2023-2025

35
 Comro Events
STATEMENT OF CHANGES IN PARTNER’S EQUITY
For the year 2023-2025

36
 In the Return of Investment, in year 2023 we have a net income after tax of

Php4,375,015.00 that is divided by the total cost of Php2,874,985.00 and the ROI is 1.52

which is 152% when expressed in percentage. In year 2024 we have a net income after

tax of Php4,659,990.00 that is divided by the total cost of Php2,807,510.00 and the ROI

is 1.66 which is 166% when expressed in percentage. In year 2025 we have a net income

after tax of Php4,878,264.25 that is divided by the total cost of Php2,814,260.75and the

ROI is 1.73 which is 173% when expressed in percentage.

In the Net Profit Margin, in year 2023 we have a net income after tax or a net

profit of Php4,375,015.00 that is divided by the total revenue of Php7,250,000.00 and it

equals to 0.60 and multiplied by 100 to get its percentage, 60%. In year 2024 we have a

net income after tax or a net profit of Php4,659,990.00 that is divided by the total revenue

of Php7,467,500.00 and it equals to 0.62 and multiplied by 100 to get its percentage,

62%. in year 2025 we have a net income after tax or a net profit of Php4,878,264.25.00

that is divided by the total revenue of Php7,692,525.00 and it equals to 0.63 and

multiplied by 100 to get its percentage, 63%.

37
 CHAPTER VI

RESULTS OF THE STUDY

In the study of financial statements, the income statement shows that our net

income in 2023 was Php4,375,015, in 2024 it was Php4,659,990, and in 2025 it was

Php4,878,264.25. Cash is shown as Php4,824,792.20 at the end of 2023, Php9,011,673.20

in 2024, and Php13,307,691.33 in 2025 on the Cash Flow Statement. In the Statement of

Financial Position, the total assets, liabilities, and equity for the years 2023, 2024, and

2025 are Php8,665,053.50, Php10,995,048.50, and Php13,434,180.63, respectively. Last

but not least, according to the Statement of Changes in Partners Equity, the ending capital

for 2023 is Php1,733,010.70, that for 2024 is Php2,199,009.70, and that for 2025 is

Php2,686,836.13. According to our market research and interviews with respondents,

Ormocanons really enjoy commemorating important life events because doing so allows

them to express their pride or their love for sharing special occasions with their loved

ones. As a result, we draw the conclusion that operating our business in Ormoc City is

feasible. Additionally, the financial statement analysis demonstrated how our income

grows each year and how we already received the return on our investments after just one

year.

38
BIBLIOGRAPHY

Top 10 Event planner in Ormoc City. (n.d.). https://ph.placedigger.com/category/event-

planner/location/ormoc-city/

Bhasin, H. (2018). What is Sales Analysis? Why is it important? Marketing91.

https://www.marketing91.com/what-is-sales-analysis-why-is-it-important/

Betterteam. (2021, April 23). Event Planner Job Description. Betterteam.

https://www.betterteam.com/event-planner-job-description

Business Policy - Definition and Features; Difference between Policy and Strategy.

(n.d.). https://www.managementstudyguide.com/business-

policy.htm#:~:text=Business%20policies%20are%20the

%20guidelines,organizational%20goals%20can%20be%20achieved

Daw, K. (n.d.). 10 Policies and Procedures every Business should have.

www.linkedin.com. https://www.linkedin.com/pulse/10-policies-procedures-

every-business-should-have-kristine-daw

Adlouni, D. (2021, October 26). 8 Workplace Safety Tips for Every Employee |

eCompliance. eCompliance. https://www.ecompliance.com/blog/8-workplace-

safety-tips/

Garrett, C. (2023). Employee Reward Systems: 2023 Guide to Recognizing Success at

Work. SnackNation. https://snacknation.com/blog/employee-reward-systems/?

fbclid=IwAR2ujA4QDWNY2hK9UOOJP2TPkCxuM3a50WCuA1zEfPH6twEw

Tk9KArunoWc

Top 9 Legal Documents You Need To Start Your Business | LegalNature. (n.d.).

https://www.legalnature.com/guides/top-9-legal-documents-you-need-to-start-

39
 your-business?

fbclid=IwAR0PpznaNdOS70vdrtkGhkaF1A83ComKMGE6CLu7T0u_u-

2CuYMyaArsUEo

Enright, M. (2021). Understanding the Types and Sources of Consumer Credit. Wolters

Kluwer. https://www.wolterskluwer.com/en/expert-insights/understanding-the-

types-and-sources-of-consumer-credit?

fbclid=IwAR0pjJkWGuXxOL3Pt7JqnBCDqaZu_xeNvmU8jqeBBX7fOJFP4UN

HN8qX-rk

40
APPENDICES

TRANSMITTAL LETTER

41
QUESTIONNAIRE

Dear Respondents:

Greetings!

We are grade 12 students under the strand of Accountancy, Business, and

Management of ACLC College of Ormoc City, and we are conducting a study entitled “A
Feasibility of Putting-up COMRO Events in Ormoc City”. In this regard, we are
asking for your precious time, and effort to answer all the questions in the questionnaire
that are important and helpful for the completion of the study. Rest assured that all data
gathered from you will be kept at the highest level of confidentiality.

Thank you very much for your cooperation.

Rowelyn S. Hingabay
Cherrie Lynne Anne M. Maguikay
Ronalyn L. Pemio
Le-ann Mae B. Peregrino
Donna Lee B. Tadefa

Part I. Instruction: Read and understand the statements below and check the box that
matches the statement of your answer.

1. Have you worked with an event planner before? (If yes, what did you like and/or dislike about
the experience?
☐Yes _______________________________________________________________
☐No

2. How much are you willing to pay for the event organizer?
☐50,000-100,000
☐150,000-300,000
☐350,000-500,000

3. What is your preferred social media platform to receive more details and information.
☐Facebook
☐Instagram
☐Twitter
☐Others (Please Specify) __________________
4. What are the reasons for which you might choose our service? Select as much as you want.
☐I already had it but want to replace it
☐It serves a need of mine
☐For quality reasons
☐Because of Price
☐Others (Please Specify) ___________________
Part II. Instructions: Read and understand the statements below and check the box that matches
the statement influencing your choice of answer.
42
 4 – Greatly Influence 2 – Slightly Influence

3 – Partly Influence 1 – Not Influence

4 3 2 1
Food Quality
The food served is tasty (hot and fresh).
I get nutritional value from the food served to me.
Food quality is consistently served to me.
Service Quality
The staff is friendly, polite, willing, and helpful toward me.
The extent the staff knows about their food/beverage in talking to
me.
Consistent service quality is shown presented to me.
Price
Consistent food prices are shown to me.
The price I pay is equivalent to the value of the quality of the
event.
Facilities & Hygienics
The cleanliness of the venue and staff is visible to me.
The sterility of the utensils (spoon & fork) is shown to me.
The sanitary food preparation is visible to me.
Customization
The availability of liked dishes and beverages.
The availability of food is based on the different times of the day.
The availability of different food types for different age groups.

CURRICULUM VITAE

43
Name : Rowelyn S. Hingabay

Email Address : hingabayrowelyn@gmail.com

Contact Number : +639532456641

Place of Origin : Lutao, Seguinon, Albuera, Leyte

Educational Background

Senior High Level : ACLC College of Ormoc City, Inc

: Brgy. Cogon, Ormoc City

: SY 2021-2023

Junior High Level : Dr. Geronimo B. Zaldivar Memorial School of Fisheries

: H. Barte Street, Albuera, Leyte

: SY. 2017-2021

Elementary Level : Albuera North Central School

: Albuera, Leyte

: SY. 2011-2017

CURRICULUM VITAE

44
Name : Cherrie Lynne Anne M. Maguikay

Email Address : cherrielynneannem@gmail.com

Contact Number : +639977189620

Place of Origin : Ormoc City

Educational Background

Senior High Level : ACLC College of Ormoc City, Inc

: Brgy. Cogon, Ormoc City

: SY 2021-2023

Junior High Level : New Ormoc City National High School

: Brgy. Don Felipe Larrazabal, Ormoc City

: SY. 2017-2021

Elementary Level : San Isidro Integrated School

: Brgy. San Isidro, Owak, Ormoc City

: SY. 2014-2017

CURRICULUM VITAE

45
Name : Ronalyn L. Pemio

Email Address : ronalynpemio@gmail.com

Contact Number : +639380901717

Place of Origin : Ormoc City

Educational Background

Senior High Level : ACLC College of Ormoc City, Inc

: Brgy. Cogon, Ormoc City

: SY 2021-2023

Junior High Level : Valencia National High School

: Brgy. Valencia, Ormoc City

: SY. 2017-2021

Elementary Level : Concepcion Elementary School

: Brgy. Concepcion, Ormoc City

: SY. 2011-2017

CURRICULUM VITAE

46
Name : Le-Ann B. Peregrino

Email Address : leannperegrino@gmail.com

Contact Number : +639358601491

Place of Origin : Ormoc City

Educational Background

Senior High Level : ACLC College of Ormoc City, Inc

: Brgy. Cogon, Ormoc City

: SY 2021-2023

Junior High Level : New Ormoc City National High School

: Brgy. Don Felipe Larrazabal, Ormoc City

: SY. 2017-2021

Elementary Level : Punta Elementary School

: Brgy. Punta, Ormoc City

: SY. 2011-2017

CURRICULUM VITAE

47
Name : Donna Lee B. Tadefa

Email Address : Bugatandonnalee@gmail.com

Contact Number : +639700225996

Place of Origin : Ormoc City

Educational Background

Senior High Level : ACLC College of Ormoc City, Inc

: Brgy. Cogon, Ormoc City

: SY 2021-2023

Junior High Level : New Ormoc City National High School

: Brgy. Don Felipe Larrazabal, Ormoc City

: SY. 2017-2021

Elementary Level : Concepcion Elementary School

: Brgy. Concepcion, Ormoc City

: SY. 2011-2017

48