1.

17 BSHM

MEMBERS:
Ahito, Aliexza Briones
Españo, Kirsten
Gabriel, Rina
Gonzales, Diana Marie S.
Jore, Zyrille Marjon M.
Laniba, Aivy L.
Martir, Angelli Castigador
Pingad, Arvee G.
Santos, Ariane Christine P.
DESCRIPTION

Barrio Bites is a business composed of 9 individuals who are going to share the duties,
resources, income, financial and legal obligations of a jointly owned business. The
business is categorized as a small business.

Barrio Bites was made to bring a variety of famous cuisines from different provinces here
in the city. “Barrio” is a Castilian word that means “community” and "bites" refers to
small but delicious parts. One of the goals of the business is to introduce people around
the university belt to the local culture, giving a taste of the history and culture of the
community.

LOCATION

The team decided to choose the location around the university belt specifically in 2164
Legarda Street, Metro Manila (the former Chowking Mendiola).
The target market of Barrio Bites is mainly the people around the university belt,
specifically the students. Employees and citizens around the area are also one of the
possible customers of Barrio Bites.

The psychographics of Barrio Bites emphasize affordability, convenience, and a

welcoming environment suitable for simple gatherings, lunch out, study sessions, group
meetings, and socializing.

The preferences of Barrio Bites offer budget-friendly options, a versatile menu with quick
bites, and create a comfortable ambiance to accommodate customer needs.

The owners of Barrio Bites will also be the workforce of the business.

POSITION QUANTITY WORK SCHEDULE

Cook/Chef 2 Shifting

Cashier 2 Shifting

Waiter 4 Shifting

Accountant/Legal 1 On call
Obligations

ONE TIME STARTUP COSTS

Register your business DTI P3,000

Obtain permits and licenses Sanitation Permit P500

Business space renovation Signage (outside) P5,000

Signage with Menu P3,000
Counter Table P5,000
20 Wooden Chairs P6,000
5 Wooden Table P2,500
6 Big Lights P3,000
4 Small Lights P1,200
Tiles P12,000
Paints P6,000
Labor Fee P30,000

TOTAL EXPENSES P77,200

BUSINESS INCORPORATION FEES (PHILIPPINE GOVERNMENT)

Securities and Exchange Commissions (SEC) P2,530

BIR Registration Fees (annually) P500

Local Government Unit Fees P400

Business and Mayor’s Permit

TOTAL EXPENSES P3,430

RECURRING COSTS (MONTHLY BASIS)

Employee salary 2 Kitchen P26,000

2 Cashier P10,400
4 Server P9,100

Space rent and utilities Rent P20,000

Utilities (Electricity and Water) P10,000

Tax obligations P2,000

Employee Benefits Christmas Bonus P20,000

TOTAL EXPENSES P97,500

INITIAL BUSINESS EXPENSES

One-time Startup Costs P77,200

Business Incorporation Fees P3,430

(Philippine Government)

Recurring Costs (Monthly Basis) P97,500

TOTAL EXPENSES P178,130

 PERCENTAGE DISTRIBUTION

General Partnership Percentage (%) Allocation

Total Expenses: Php - 178,130

% Allocation Contribution

Member 1 - Aliexza 11.1% 19,792.22

Member 2 - Kirsten 11.1% 19,792.22
Member 3 - Rina 11.1% 19,792.22
Member 4 - Diana 11.1% 19,792.22
Member 5 - Zyrille 11.1% 19,792.22
Member 6 - Aivy 11.1% 19,792.22
Member 7 - Angelli 11.1% 19,792.22
Member 8 - Arvee 11.1% 19,792.22
Member 9 - Ariane 11.1% 19,792.22

Total Expenses (Pie Graph)

The estimated total expenses, the capital needed for its day-to-day operations to grow

and expand the business is the following:

● The business should have at least P200,000 to support the start of the business

and its day-to-day operations. This will be possible with the contributions that will

be made by the partners.

● The owners can launch the business and finance the ongoing operations of the

company with the support of that funding. In addition, they have the chance to

further develop the company in the future, which is projected to result in more

revenue.

● The capital of a business is the money it has available to pay for its day-to-day

operations and to fund its future growth.

A bank offers your partnership Php 100,000 as an investment with an annual interest rate

of 5% that is compounded monthly. The interest of the partnership that will earn over a

period of 10 years is based on the following computations:

COMPOUND INTEREST

GIVEN: P = Php 100,000 ; r = 5% ; t = 10 years ; n = 12 (monthly)

SOLUTION: 𝐹𝑉 = 𝑃 1 +( 𝑟
𝑛 ) 𝑛𝑡

100, 000 (1 + )
0.05 12*10
𝐹𝑉 = 12

120
𝐹𝑉 = 100, 000 (1 + 0. 004)

𝐹𝑉 = 161, 452. 78
SIMPLE INTEREST

GIVEN: P = Php 100,000 ; r = 5% ; t = 10 years

SOLUTION: I = P * r * t

I = 100,000 * 0.05 * 10

I = 50,000

I = Php 150,000

QUESTION: With the computed amount, how will this affect your business in the future?

● Having the right amount of capital will help the business to develop, adapt, and

seize on opportunities in a dynamic business environment. It is essential that the

owners analyze the financial needs on a regular basis and get the appropriate

resources to maintain the company's success and sustainability.