A THREE-YEAR BUSINESS PLAN FOR

THE TASTE BUDS

A Business Simulation Project

Presented to

The Faculty of Senior High School in Digos City

Igpit, Digos City, Davao del Sur

In Partial Fulfillment of the Requirements for the Subject

Business Simulation

SUBMITTED BY

Nazareno, Maxenne C.
Nogra, Althea Laiza G.
Torres, Maekyla D.
Escalera, Kate Janelle
Renegado, Glorevie
Jabar, Abdul
Ocang, Jean Princereyl

SUBMITTED TO

ERMELYN ABAWAG REMONDE, LPT

June 19, 2023

 TABLE OF CONTENTS

Page

1. Executive Summary 1

2. Our Business 3

3. Introduction 8

4. Marketing Plan

Products 11

Proprietary Position 11

Comparative Analysis 11

Market Analysis 13

Target Market Profile 14

Marketing Programs and Strategies 14

Pricing 15

Uniqueness of Product 15

5. OPERATIONAL PLAN

Business Process 17

Quality Control 18

Waste Disposal 19

Raw Materials 19

Equipment 22

Staffing Requirements 24
6. ORGANIZATIONAL PLAN

Legal Structure of Business 26

Ownership 26

Organizational Structure and Key

Management Personnel 26

Job Description 28

Pre-Operating Activities 29

Pre-Operating Cost 30

7. FINANCIAL PLAN

Total Projected Cost 32

Projected Statement of
Comprehensive Income 33

Projected Statement of
Financial Position 34

Financial Assumption 35

8. REFERENCES 36
 LIST OF TABLES

Table 1 : Our Business 3

Table 2 : Comparative Analysis 11

Table 3 : Raw Material 19

Table 4 : Equipment 22

Table 5 : Job Description 28

Table 6 : Pre-operating Activities 29

Table 7 : Pre-operating Cost 30

Table 8 : Total Project Cost 32

 LIST OF FIGURES

Figure 1 : Business process 17

Figure 2 : Organizational Structure and

Key Management Personnel 26

Figure 3 : Projected Statement of

Comprehensive Income 33

Figure 4 : Projected Statement of

Financial Position 34
 EXECUTIVE SUMMARY

The Taste Buds is new exciting milkshake business that offers you

sweet escape and mouth-watering delightful milkshake made with the

freshest ingredients, delivering a delectable and satisfying experience for all

ages. The Taste Buds aims to become your go-to shop for flavourful and

refreshing milkshake. Offering a wide range of customizable options that can

cater our customers preferences, providing exceptional customer service and

a warm welcoming atmosphere that will keep you want from coming back.

This business plan presents the first three year of operations. It is

located at Senior High School in Digos City, 1 st building. The Taste Buds is

thriving shakers that offer a diverse menu for everyone’s different taste and

preferences. Its principal product is milkshake comes with different flavours

such as Choco Kisses, Double Dutch, Mango Graham, and Ube Macapuno

that is made with the finest ingredients and served in vibrant energy. With a

commitment in to quality, customer satisfaction, and innovation The Taste

Buds aims to be the number one milkshake in town.

The business operates with high dignity in offering best of the best

refreshments with justifiable price and quantity; it operates to build a strong

relationship not just with its customer but also with their suppliers. The

business’s official name is “The Taste Buds”. ”Taste Buds is a sensory

organs that are found in your tongue and allow you to experience tastes like

sweet, salty, sour, and bitter.

1
 The Taste Buds shall be managed by the store manager also known as

store supervisor supported with the financial, and operation manager. There

will be four (4) staffs and personnel will be supervised by the operation

manager in the day-to-day operation. A clear delegation of tasks and duties

will be prioritized for the smooth flow of the business. The business will be

having seven (7) owners with the same percentage of the company’s assets.

The company shall be registered under partnership.

The Taste Buds has a capital requirement of Php 1,250.00 which

include all the expenses incurred from its pre-operating activities,

purchasing of raw material and ingredients, dry run, up to the actual

operation of the shop.

2
 OUR BUSINESS

Table 1. Business Model Canvass for The Taste Buds.

Key Partners Value proportion Customer Segment

 Food suppliers  Affordable  Working

 Equipment drink for professionals

suppliers elevens and looking for

 Local event mid-afternoon affordable drink

organizers  Convenient options

 Social media location for  Students on a

influencer busy tight budget

customers  Sweet tooth and

 High-quality milkshake

food made with enthusiasts

fresh  People

ingredients attending local

 Item that can events for

cater your festival

weakness for

sweets

Key Activities Customer Cost Structure

Relationship
 Sourcing which  Food supplies

includes  Friendly and  Equipment

researching for approachable

3
 suppliers customer  Freight-in

 Purchasing of service  Marketing and

ingredients  Responsive to promotion

supplies customer expenses

 Food feedback and

preparation suggestions

 Stocking which  Engage with

includes customers

inventory through social

management media

 Marketing and

promotion

Key Resources Channels Revenue Streams

 Food suppliers  Snack station  Sales from

 Equipment  Social media snack station

 Website and platforms operations

social media (Facebook,  Catering

accounts Instagram, etc. services for

 Qualified staffs website events and

 Local event parties

participation

4
 Key Partners. Refers to the external partners or suppliers The Taste

Buds relies on to run its operations. Food suppliers provide the ingredients

needed for the menu items. Equipment suppliers provide all equipment and

material necessary for business to operate. Local event organizers may

collaborate with the management to participate in local events or festivals.

Social media influencers can help with the promotion of the business

through their online presence.

Key Activities. This refers to the main activities The Taste Buds

performs to deliver its value proposition. Researching for a supplier is one of

the key activities of the business since the business offers specially made

refreshment it also requires specially made ingredients. Food preparation is

the primary activity, where the personnel assigned prepares the menu item

to serve its customers. This also includes stocking to insure that there will

be enough goods to satisfy the customers. Marketing and promotion are

necessary to attract new customers and retain the existing ones. Customer

service and engagement are also essential to maintaining good relationships

with customers.

Key Resources. This refers to the physical and human resources The

Taste Buds requires to deliver its value proposition. Equipment is essential

for the food preparation. The food suppliers are necessary for the business

to provide its superior value. A website and social media accounts are also

essential for marketing and promotion. Qualified staffs and personnel are

vital for the business to operate and serve its customers.

Value Proposition. This refers to the unique and compelling offering

The Taste Buds offer affordable snack for elevens and mid-afternoon. The

5
snack station is located in SHSDC first building where the busy customers

are. It extends item cater to satisfy your weakness for sweets, and high-

quality food made with the freshest ingredients that is a priority.

Customer Relationship. This refers to the type of relation The Taste

Buds seeks to establish and maintain with its customers. The Taste Buds

aim to provide friendly and approachable customer service to create a

positive experience for customers. The management is responsive to

customer feedback and suggestions. Engaging with customers through

social media is another way to establish good relationships with customers.

Channels. This refers to the channels The Taste Buds uses to reach

its customer segments. The snack station location is the primary channels

for reaching customers. Social media platforms, such as Facebook,

Instagram, are used for marketing and promotion. A website is used to

provide information about the business and menu items. Local event

participation is also one of the channels used to reach potential customers.

Customer Segment. This refers to the specific groups of customers

The Tastes Buds target with its value proposition. Working professionals

looking for affordable drink options, students on tight budget, sweet tooth,

milkshake enthusiasts, and people attending local event or festivals are

some of the customer segments The Taste Buds targets.

Cost structure. This refers to the cost The Taste Buds incurs to run

its business operations. Food supplies and ingredients are a significant cost

since the business cannot operate without those. Equipment, and

transportation cost for busying the supplies are another cost the business

incurs. Marketing and promotion expenses are also a cost to consider.

6
 Revenue Streams. These refer to the different sources of revenue The

Tastes Buds generates from its business activities. Sales from the snack

station operations are the primary revenue stream. Catering services for

events and parties provide another source of revenue.

Vision

To be known as the top food provider in Mindanao that serves an

outstanding good quality of food and good quality of service.

Mission

 To give the comfort of home

 To provide the highest degree of food and services

 To understand our customer’s changing needs and constantly

improve our customer experience

 To delight and nourish our customers with quality delicious

food and excellent service at a reasonable price

Goals

 Purchase quality of goods to local providers

 Hire quality staffs

 Maintain a high level of food safety

 Develop and maintain strong relationship with customers and

suppliers

7
 Introduction

In today’s fast-paced world, where time is the essence, The Tastes

Buds aims to provide a refreshing escape and deliver delightful milkshake

experiences. Our dedication to quality, creativity, and customer satisfaction

sets us apart in the market, making us the go to destination for milkshake

enthusiast of all ages. Our aim is to offer a wide range of delectable

milkshakes that cater to different tastes and preferences, creating a

memorable experience for our beloved customers. The Taste Buds blend

creativity and flavours to serve the most delightful milkshake in town.

In recent years, the milkshake industry has experienced significant

growth and has become popular choice among consumers of all ages.

According to a report by Market Research Future, the global milkshake

market is expected to reach a value of over $2.5 billion by 2023, with a

compound annual growth rate of 6.5% from 2017 to 2023 (Market Research

Future, 2020). This demonstrates the immense potential and profitability of

milkshake market. Milkshake businesses hold a special place in the hearts

of consumers to provide a nostalgic experience, taking people back to their

childhoods when milkshakes were a cherished treat. The familiar taste and

creamy texture evoke feelings of comfort and happiness, making milkshakes

a popular choice among customers. Milkshake businesses provide a unique

and enjoyable way to satisfy cravings and beat the heat. Milkshakes have a

timeless appeal, invoking nostalgia and comfort, making them a sought-after

treat for people seeking sweet escape.

8
 Moreover milkshake business have adapted to the changing

preferences of the market, catering wide range of dietary requirements. With

growing demand for vegan, lactose-free, and gluten-free options, milkshake

businesses have expanded their offerings to accommodate diverse consumer

needs. This inclusivity ensures that everyone can enjoy the goodness of a

milkshake, regardless of dietary restrictions or preferences.

One of the key attractions of a milkshake business such as The

Taste Buds is their extensive menu of flavours and toppings. From classic

flavours like chocolate, and vanilla to unique combinations like cookies n’

cream, ube macapuno, or mango graham, The Taste Buds have something

for every palate. We believe that the foundation of a great milkshake lies in

the quality of its ingredients. That’s why we source the freshest and finest

ingredients available, ensuring that each sip of our milkshakes is a burst if

flavours.

Our dedicated team of skilled mixologists takes pride in the craft,

carefully blending the ingredients to achieve the perfect consistency and

taste. We understand that individual preferences vary, which is why we offer

customization options, allowing our customers to tailor their milkshakes

with various toppings, syrups, and mix-ins. We strive to create a welcoming

and vibrant atmosphere where you can relax, socialize, and enjoy your

milkshake. Out knowledgeable staff is always ready to assist you in

choosing the perfect milkshake, ensuring that your visit The Taste Buds is a

memorable one.

9
MARKETING
PLAN

10
 PRODUCT DESCRIPTION

Product

The Taste Buds will provide a specially made beverage that is

creatively inspired by the owner’s taste buds itself. A high quality of drink

contain with high quality of ingredients are tailored to the preferences of its

customers. The Taste Buds is a drink station that extends drinks of any

flavour with justifiable prices. Its unique menu items like mango, ube

macapuno, and double dutch with a variety of toppings that is based on the

customer’s choices are imaginatively produced to satisfy the target market.

Proprietary Position

The business's Official name is The Taste Buds. "Taste buds" are

sensory organs that are found on your tongue and allow you to experience

tastes that are sweet, salty, sour, and bitter. This hints on our type of

business which is a food business that specifically offer various flavour of

drinks for elevens and mid-afternoon.

Comparative Analysis

Table 2. Details on The Taste Buds comparative analysis.

Factors The Taste Buds Vendor 1 Vendor 2

Quality  Deliciously  Sweet and  Unique

and made with affordable pink drink

pricing high quality buko juice

ingredients

11
 milk shake

 Mouth-

watering

drink with

justifiable

price

Level of  Fast  Fast  Fast

customer

service

 Located  Located  Located near

Accessibili near the exit near the vendor 1

ty canteens’

entrance

 Warm,  Typical  Typical but

welcoming, canteen neatly

Ambiance and neatly vendor organized

designed

stall

 Known for  Known for  Known for its

its sweet its variety of

Brand and creamy delicious colourful

reputation flavoured buko juice drinks

drinks

Market Analysis

12
 Environment. The environment around the business has a wide

variety of effects on the business. Schools and other organization

surrounding could help on the sale of the business because there will be

more people within the area. The competitive landscape could also impact a

business's operations and profitability. Companies that face intense

competition may need to lower prices or increase marketing efforts to

maintain market share. This may also lead to decrease of revenue since

there are a lot of competitors in the area.

Economic. Increasing inflation rate widely affects the business. If it

rises, every aspect of a business becomes more expensive. When prices

increase, businesses experience increased raw materials, manufacturing,

and overhead costs. Inflation reduces consumer purchasing power since it

takes more money to buy the product now than it did in the past. If people’s

incomes fail to keep up with the rise in average price levels, the inflation

rate, and consumer spending will drop, resulting in lower demand and sales

revenues for businesses.

Social. The social environment of a business can also have an impact

on the type and number of customers it attracts. These factors include

changes in consumer preferences, lifestyle trends, attitudes towards

products or services, population shifts, and cultural values. Changes in

consumer preferences towards healthier lifestyles may affect the demand for

a certain product. Our business for instance we sell sweets which contains a

lot of sugar that is not a choice for health conscious people.

Technological. Several technological factors can impact a business.

Advancements in technology can significantly improve efficiency,

13
productivity, and customer experience. Automation technologies like AI and

robotics can help reduce labour costs and increase accuracy. The risk of

cyber-attacks increases as businesses become more reliant on technology,

which can result in significant financial and reputational damage. The

widespread use of mobile devices has changed the way businesses interact

with customers and employees. Social media platforms are an important

marketing and customer engagement tool.

Target Market Profile

The Taste buds aims to cater those working professionals looking for

affordable snack options practically in Digos City. They are also known as

the "Generation Z" colloquially known as zoomers, is the demographic

cohort succeeding Millennials and preceding Generation Alpha. The

management also target those busy students on a tight budget, sweet

tooth’s, milk shake enthusiasts.

Marketing Programs and Strategies

The Taste buds will use social media (Facebook, Instagram) to give

awareness about the product they serve. This will also be the "stage" of the

business which they can project and show what product they specifically

sell. Posting updates and pictures about the menu will be convenient in

social media for the customers to be updated.

Pricing

14
 The Taste buds will use cost-plus pricing strategy or mark-up

pricing strategy. This is a simple pricing method where fixed percentage is

added on top of the product cost. It involves taking the amount it cost the

business to make the product and increasing that amount by a set

percentage to determine the final price. The business will also offer

discounts for those customers who is buying bundle of goods and who have

been availing the product to keep them.

Uniqueness of the Product

The Taste buds offers a variety of flavoured drinks that inspired by

the owners’ preference itself. Sweet and creamy drinks for sweet tooth’s and

a very affordable delicious drink for working professionals and students on

tight budget. Comfort food shall be serve.

15
 OPERATIONAL
PLAN

Business Process

16
 Figure (1) shows the process flow of The Taste Buds as well as the

technical description of each process.

Checking for the quality of good to be purchased

Purchasing fo raw ingredients and materials

Preparation for selling

Execution of transaction between customer,

and collecting of remaining accounts
recievables

Inventory and stocking

Checking for the quality of goods to be purchase. This process is

where the staff is checking for the quality of goods to be purchased. This will

be perform by the operation staff before purchasing the raw ingredients and

materials and will ensure that the goods are in quality conditions and can

meet the customers demand.

Purchasing of raw ingredients and materials. Tis process is where

the staff will purchase the raw ingredients and materials from the suppliers

to cater many of the customers.

Preparation for selling. The operation staff will prepare the raw

ingredients, material and equipment to be used in manufacturing the goods.

Execution of transaction between customer, and collection

remaining accounts receivable. This process is the transaction between

17
the costumer and staff that includes exchanging the goods with a financial

instrument particularly cash. There may also be a possibility for a customer

owing money from the business. This process also includes collecting those

accounts receivables.

Inventory and stocking. This process is both inventory management

and stocking of materials and ingredients for manufacturing the goods.

Inventory to plan production, manage stock levels, and determine the cost of

goods sold. Stocking on the other hand includes purchasing of stocks for

manufacturing.

Quality Control

The responsibility of monitoring the purchasing of items from the

supplier and other sources rests with the operation staff. Upon pickup or

delivery, the operation staff shall check the quality and quantity of the goods

before it is hand over for storage. They are also tasked with scrutinizing the

preparation for the selling, ensuring that each of it are thoroughly examined

before the actual vending of the goods. Upon selling, it shall also be

monitored by the operation manager to ensure that the goods will be

delivered in superior value.

Waste Disposal

18
 The business shall observe proper waste segregation and disposal.

The management shall develop and have a waste management plan. There

shall be designated bins for each type of waste, and that they are clearly

labelled and can be easily accessible for both staffs and customers. Waste

shall be divided into different categories such as food waste, plastic, and

papers. Garbage near the station will be put out by the staff to remain the

surrounding clear.

Raw Materials
Table 3. Shows the raw materials The Taste Buds use.

Raw materials Description

Ice is water in its frozen,

solid form. It can be thick or

Ice
very thin. For business use,

The Taste Buds use ice in

crashed form as the base for

their milk shake. It is bought

from the supplier in thick

form and the ice will be

crashed by the staffs for use.

It is a flavoured powder used

for manufacturing the milk

shake. It can be a fruity

19
Shake powder flavour, milk or chocolate.it

can be bought I a grocery

store but for The Taste

Buds, they have a specific

store that specially sells

goods for making milk

shake.

Sugar Sugar is a sweet crystalline

substance obtains from

various plants, specially

sugar cane and sugar beet,

consisting essentially of

sucrose, and used as a

sweetener in food or drinks.

It can be bought in your

local sari-sari store or in

grocery store.

It is milk in a can made of

cow’s milk with about 60%

of water removed. This

20
Evaporated milk makes the milk shake rich

and creamy; it can be

bought in your local sari-sari

store but often in a grocery

store.

Toppings

Toppings are a layer of food

poured or spread over base

of a different type of food to

add flavour. It is used for

milk shakes to add colour or

flavour in it. This can be

bought in a grocery store or

a store that specially sell

those.

21
 Cups A cup specifically plastic cup

is a cup made out of plastic,

commonly used by vendors

as containers to hold

beverages.

Straws

It is a thin tube made out of

plastic or waterproof paper

that is used to suck fluid in

the mouth.

Equipment
Table 4.Shows the equipment The Taste Buds use for its operation.

Equipment Description

Ice box Ice box is an insulated cabinet or

chest with a partition for ice; it is

used for preserving

or cooling food, beverages, etc.

22
Measuring spoons

Measuring spoons are spoons

used to measure an amount of

ingredients, either liquid or dry,

when cooking.

Container

Plastic containers are enclosures

fabricated from plastic that are

made to contain items. A

container in which sealed sources

are secured and stored.

Blender A blender is an electric culinary

grinding and mixing appliance,

23
 consisting of a container with

propeller like blades at the bottom

that are whirled by a high-speed

motor puree, chop, or mix food.

Staffing Requirements

A business may not be succeeding without sufficient employees. In

order for it to function well, it needs man power. The Taste Buds needs an

operational manager, financial manager, and personnel or staffs.

Operational manager will be the one who will oversees the day-by-day

operation of the business including marketing operations. The operational

manager also is the one who will manage the store staffs and will assess

questions from the customers. The management will need four (4) personnel

for the job of delivering superior value to the customers. There will be two (2)

shifts in a day, two (2) personnel will serve customers in the first four (4)

hours; after the time end, another two (2) will be shifted in. There are things

that cannot be handled well by an operation manager, thus a business

needs a financial manager who will help the business in managing its

finances.

24
ORGANIZATIONAL
PLAN

25
 LEGAL STRUCTURE OF BUSINESS

A snack station is a small manufacturing business that offer

drink specifically flavored milkshakes for snacks, elevens, and mid-

afternoon. It is registered under a business name of “The Taste

Buds” owned by the 7 person in partnership.

Ownership

The business costs the proponents a total capitalization of P1,250.

Each person own 14.32% of the business assets. This figure comprises the

product, materials, equipment and working capital to run the business.

Organizational Structure & Key Management Personnel

Figure 2. Shows the organizational structure The Taste Buds follow.

Kate Escalera
staff/personnel

Jean Prince-ryl
Ocang
staff/personnel
Maxenne Nazareno
operation manager

Maekyla Torres Glorevie Renegado

strore manager staff/personnel

Nogra Althea laiza

financial manager

Abdul Jabar
staff/personnel

26
 Store Manager. It is responsible for overseeing the daily

operations of a store, making sure it runs smoothly and effectively.

Their duties include motivating the sales team, creating business

strategies, developing promotional materials, and training staff. Also

known as a store supervisor.

Operation Manager. It is responsible for managing the day-to-

day operations of the business to ensure that it runs efficiently and

effectively. They are responsible for managing production, inventory,

projects, safety, regulatory compliance, employee management, and

quality control.

Staff or Personnel. Staff plays a critical role in the success of

the business. They perform various tasks and functions that are

essential to the smooth functioning of the business. Staff may

specialize in different areas, depending on their skills and expertise,

but they will work together to ensure that the business runs

efficiently and effectively.

Financial Manager. It is responsible for managing the

financial resources of the business to ensure financial stability and

growth. They develop financial plans and budgets, manage cash flow

and investments, prepare financial reports, and manage financial

risks.

27
Job Description

Table 5. Shows jobs description of the jobs The Taste Buds require.

Position Job Description

Developing and implementing

operational policies and

procedures Managing resources,

including staff, equipment, and

Operation Manager supplies. Ensuring compliance

with safety, health, and

environmental regulations.

Building and maintaining

relationships with customers.

Performing clerical tasks such as

data entry, filing, and record

keeping. Handling customer

Staff
inquiries, complaints, and issues.

They are the one who will cater

the customers for their needs.

They also tasked in maintaining

store supplies and equipment

Analysing financial data,

including income statements,

Financial Manager
balance sheets, and cash flow

28
 statements. Creating and

maintaining financial models and

forecasts. Managing financial

operations, such as budgeting

and financial reporting. Staying

up-to-date with financial

regulations and industry trends.

Pre-Operating Activities

Table 6. Details of The Taste Buds pre-operating activities.

Activities Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo Mo

1 2 3 4 5 6 7 8 9 10 11 12

1.Conducting

Market

Research

2.Securing

Funding to

cover Start-up

Costs

3.Identifying

and Selecting

Suppliers

29
4.Designing

the Physical

Space for the

Business

5.Developing a

Marketing

Plan

6.Establish

Relations with

Schools

Administrators

and Negotiate

the term of

their presence

in the school

canteen

Pre-Operating Cost

Table 7. Details of pre-operating costs are stated below;

Pre-operating expenses Amount

Supplies expense 750.00

Total 750.00

30
FINANCIAL PLAN

31
Total Project Cost

Table 8. Details of The Taste Buds total project cost.

PROJECT COST SUMMARRY

Amount in Php

Initial Inventory 750.00

Total 750.00

Contingent Fund 500.00

Total Project Cost 1,250.00

The proponents shall invest a total equity of 1,250.00 representing 100% of

the total capital requirement.

32
 Projected Income Statement

Figure 3. Details of The Taste Buds projected income statement.

PROJECTED STATEMENT OF COMPREHENSIVE INCOME

(In Philippine Peso)
Actual:

May 2023 June- Total 2023 2024 2025 2026

December
2023

REVENUE

Sales 5,580.00 39,060.00 44,640.00 66,960.00 76,535.00 86,110.00

Net Sales 5,580.00 39,060.00 44,640.00 66,960.00 76,535.00 86,110.00

Less Cost of Goods Sold

Raw Material and Ingredient Cost 3,995.00 27,965.00 31,960.00 47,940.00 49,100.00 50,260.00

Total Cost of Goods Sold 3,995.00 27,965.00 31,960.00 47,940.00 49,100.00 50,260.00

Gross Profit 1,585.00 11,095.00 12,680.00 19,020.00 27,435.00 35,850.00

Less: Selling Expenses

Food Panda Commission - - - 1,500.00 3,575.00 5,455.00

Total Selling Expenses - - - 1,500.00 3,575.00 5,455.00

Less Operating Expenses

Rental Expenses - - - - - 10,000.00

Utility Expenses - - - 3,100.00 3,640.00 4,500.00

Total Operating Expenses - - - 3,100.00 3,640.00 14,500.00

NET INCOME (PROFIT) BEFORE TAX 1,585.00 11,095.00 12,680.00 14,420.00 20,220.00 15,895.00

Less Provision for Income Tax -100.00 -100.00

NET INCOME (PROFIT) AFTER TAX 1,585.00 11,095.00 12,680.00 14,420.00 20,120.00 15,795.00

33
 Projected Balance Sheet
Figure 4. Details of The Taste Buds projected balance sheet.

PROJECTED STATEMENT OF FINANCIAL POSITION

(In Philippine Peso)

Actual: May June- Total 2023 2024 2025 2026

2023 December
2023

ASSESTS

Current Assets

Cash and Cash 97 6, 7, 15, 2 47

Equivalent 5.00 500.00 475.00 174.00 6,328.00 ,563.00

Accounts Receivable 860.00 930.00 1,790.00 1,000.00 555.00 580.00

Inventory 1,000.00 6,500.00 7,500.00 16,611.00 33,580.00 68,174.00

Total Current Assets 2,835.00 13,930.00 16,765.00 32,785.00 60,463.00 116,317.00

Non-Current Assets

Tools and Equipment - - - 3,450.00 3,450.00 3,450.00

Less: Accumulated - - - -450.00 -793.00 -942.00

Depreciation

Total Non-Current - - - 3,000.00 2,657.00 2,508.00

Assets

TOTAL ASSETS 2,835.00 13,930.000 16,765.00 35,785.00 63,120.00 118,825.00

LIABILITIES &
SHAREHOLDERS’ EQUITY

Current Liabilities

Trade and Other Payable

- - - 4,600.00 7,215.00 19,955.00

Total Current Liabilities - - - 4,600.00 7,215.00 19,955.00

TOTAL LIABILITIES - - - 4,600.00 7,215.00 19,955.00

Equity 1,250.00 2,835.00 4,085.00 16,765.00 35,785.00 63,120.00

Income 1,585.00 11,095.00 12,680.00 14,420.00 20,120.00 15,795.00

Drawings - - - - - -

Total Equity 2,835.00 13,930.00 16,765.00 31,185.00 55,905.00 78,915.00

TOTAL LIABILITIES AND 2,835.00 13,930.00 16,765.00 35,785.00 63,120.00 118,825.00

OWNER’S EQUITY

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Financial Assumption

* On 2024 assume to increase sale by 10% based on 2023 sales.

* On 2025 and 2026 assume to increase sales by 15%, assuming

That the business was able to thrive in competitive market.

* Average selling Price P 50.00.

* Increase of P 15,000.00 in 2024 sales for shop customers.

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 REFERENCES

Market Research Future, (2020). Ready to Drink Shakes Market Size,

Industry Share & Trends. Retrieved from:

https://www.futuremarketinsights.com/reports/ready-to-drink-

shake-market

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