Technical Report 3 Group 6

Mindanao State University ENS193: Technopreneurship for Engineers
College of Engineering and Technologists
Technical Report # 3
Swift n’ Ready Business Plan

Gerard Catalan Obial1, Mary Chatt Lynd Flores Olpindo2, Jeff Ray Nadong Sabado3, Lance
Alwyn Matulac Somo
1 Department of Mechanical Engineering, Mindanao State University, General Santos
City 9500, Philippines; gerard.obial@msugensan.edu.ph

City 9500, Philippines; marychattlynd.olpindo@msugensan.edu.ph

City 9500, Philippines; jeffray.sabado@msugensan.edu.ph
4 Department of Mechanical Engineering, Mindanao State University, General Santos City

9500, Philippines; lancealwyn.somo@msugensan.edu.ph
Research Instructor: Engr. Irene Lara M. Abad

Date Submitted: March 26, 2023
1. Executive Summary
The most important necessity for all living being is the food nourishment. However, it
is often neglected due to the busy workloads particularly students and people of the corporate
world. In the Philippines, one of the most enjoyed food of people of all status is noodles. With
the growing food technology and development, innovation like vending machine has been in
the trending direction. Particularly, vending machine that offers noodle meals could appeal
the busy students and professionals alike. These people would be the ideal target market.
However, noodle business is not born yesterday and thus, there are a lot of competitors in this
type of business. Stores like 7-Eleven, Oishi Ramen Bai, Streetfood Asia and the likes offer
noodle dishes. Nevertheless, our company Swift n’ Ready, is a noodle vending machine that
offers customizable noodle meals from the noodle itself, soup and toppings. Moreover,
vending machine would allow customers to access without the need of salesperson. For this
Page 1 of 29
business to prosper, a good management team is of importance. A competent chief executive
officer, finance manager, product development manager and operation manager along with
hardworking and smart workers are required. To begin this endeavor, the four investors invest
493,110,929.17 php which totals an amount of 1,972,443,716.68 php. These will be used to fund
the necessities in the business like pre-operating expenses, land, building and machinery costs
as well as other fixed assets and intangibles which sums up into ₱11,950,000. With this, the
company is expected to earn a net operating income of 19,493,717 php annually.
2. Statement of the Problem

One of the primary necessities of a person is food. It is believed that meal
preparation is heavily linked with healthier dietary consumption as well as greater
sense of fulfillment. Not only that it allows selection of various ingredients from time
to time, it also enables the person to determine the nutritional value of each component1.
However, in this modern age, it cannot be denied that a number of persons has had
their hands full of workloads and jobs and thus, have less time in preparing their food.
As a result, instant food has been in a trending direction. This allows the person to have
their fill in just a brief amount of time in preparing their food.
There are different instant foods available in the market namely hotdogs, sausages,
nuggets, spams, etc. Still, the most common and well-liked particularly in the
Philippines is in the form of noodles. According to Arozado2, noodles is an often
substitute for rice meals or snacks and can even be eaten alongside with these foods
abovementioned. Moreover, it can be eaten in all kind of situations, either late evening
snacks, breakfast, in-between meals, and the likes. However, this presents a problem
that instant noodle dishes are often bought inside a store with frequent long lines of
waiting. In addition, stores are close at night in most areas, which inconvenience people
of all ages2,3. The idea of having the instant noodles be sold in vending machine is one
of the more tantalizing solution in dealing with this problem 4.
Vending machines can be located schools, offices, kiosks and the likes which gives
convenience to a lot of people. However, one of the common problems when it comes
to vending machine is its inflexibility in terms of payment. With the shifting trend of
mobile payment, bank transfer, digital wallets and all other kinds of cashless payments,
Page 2 of 29
it would be beneficial for a vending machine to allow these types of payment instead
of being limited to traditional payment. Furthermore, this aids the customer in
problems of not having an exact amount of money, which might be a trivial thing but
greatly benefits in a long run since it really is one of the most common problems in
vending machines5.
Instant noodles are usually packaged in a form of a cup, hence called cup noodles.
These cup noodles are pre-manufactured and made from different companies, which
limits the customer to its different combination for its noodle dish. These cup noodles
have already a distinguished flavor for a customer to choose from. Additionally, the
dish itself lacks ingredients as most of its flavor comes from the seasoning itself as well
as the one responsible for giving the soup its taste. Moreover, this cup noodles are not
genuinely instant since it takes an effort to make the soup yourself, usually in a form of
simple hot water, and cook the noodles6. Therefore, it will be in great interest that a
vending machine offers simultaneous ingredients to select to create an actual noodle
dish according to the customer’s liking, specifically, a vending machine that offers
various kind of soup or stock, noodles, and toppings.
Thus, this business plan aims to employ the above-mentioned factors and ideas in
creating a state-of-the-art noodle vending machine. The capacity of the vending
machine to accept any forms of payment as well as selection of customized ingredients
for the said noodle dish will be realized for better convenience of people in all classes.
3. Company Description
3.1 Company Mission

Our mission is to provide the citizens of all classes the convenience of having a
sufficient and appetizing noodle meals instantly.
3.2 Company Vision

Our vision is to be the best and efficient noodle meal vending machine availed
all over the Philippines.
Page 3 of 29
3.3 Legal Structure

The Swift n’ Ready Company has selected the corporation as its formal legal
entity since this structure is ideal for companies that are further along in growth. A
corporation is a legal entity that has separate legal existence from its shareholders
and directors. The corporation is divided into the common stockholders and
preferred stockholders wherein the common stockholders have the voting rights to
control the present and future business plans. While the preferred stockholders will
receive fixed dividends every end month of the year when the business makes a
profit. Even if a shareholder leaves the company or sells their shares, the company
can operate relatively unaffected.
3.4 Organizational Chart
Figure 1: Organizational Chart
4. Products and Services
4.1 Product/Service Idea

Our company sells a type of noodle vending machine that can produce
any kind of noodles and toppings of your own choice for the costumer to get the
Page 4 of 29
flavor he wants. This machine is created to satisfy the needs of the costumers
especially in the Philippines where most people are busy and barely have time to
eat and do other activities because of their academic activities or works, the noodle
vending machine produces any type of noodle products instantly for the
costumers to eat good food while working. This type of machine is rare is the
Philippines that’s why we fabricate this type of vending machine. The target of
generating this machine is to satisfy the needs of the customers to have something
to eat without wasting any of their time or to get back to the works they are doing
immediately.
Figure 2: Proposed Vending Machine
4.2 Brand Identity

Swift n' Ready is a vending machine that is very convenient and accessible to
people who are preoccupied with their own lives. With just one click on this machine
your favorite noodle will be ready to cure your hunger. The brand name is inspired by
the word instant. The color palettes of the logo are red and yellow which are used to
Page 5 of 29
attract consumers since these colors are eye-catching and trigger appetite. In addition,
the horizontal lines represent swiftness.
Figure 2: Logo with Brand name and Tagline
4.3 General Needs/Benefits Map
Customer Needs Product Benefit
➢ The customers can use any type of payment
platform,
Financial ➢ The cost of the noodles our machine
produced is lower than those in other
restaurants or noodle shops.
➢ The product is easy to use and navigate, the
availability of noodles they produce are
Technical monitored by the machine, can choose any
noodles of your type and flavor as it is
customizable, Food delivery is fast.
➢ Good to have with friends, co-workers and

Social
etc., Product assurance
➢ This machine is new to this country so many

Entertainment will use it
Page 6 of 29
➢ For their excitement to choose any flavors
they want and try them, some will think they
are just playing video games by choosing
flavors and the type of noodles they want.
Operational ➢ Good service and product quality.
Page 7 of 29
4.4 Value Proposition

For people who desires instant yet appetizing food, Swift n’ Ready is a vending machine that
can offer cost efficient food making process particularly noodle meals.
Gain Creators
• Fresh and instant- Customer Gains

made noodles
• Time-saving
Customer Jobs
Product/Services
• Time-saving
• Swift n’ Ready
Pain Relievers Pains
• Flexible payment (cash or • Limited form of

cashless payment) payment
• Food can be up to your • Food taste can’t be

taste through assured as people
customizable options have different taste.
Page 8 of 29
4.5 Pricing
The noodles available from our vending machine ranges its price from 40 php, 60
php and 90 php, with it being a small, medium and large serving respectively.
Specifically, the noodles, soup and toppings cost from 20, 25 php up to 30 php
each. Another way of generating profit from this venture is either through renting
or buying the said equipment. The vending machine itself will cost of about Php
300,000. The rental fee of the noodle vending machine will cost ₱12,000 per month.
Projected profit margin of the vending machines will range from 300 to 400% of
the materials and labor cost to make the vending machine to achieve profitability.
Modern vending machines also range on the same range that the company is
offering thus we are in the competing region but offers a more valuable product
than the others.
5. Marketing Plan
5.1 TAM/SAM/SOM
TAM
21.1 B
SAM
4.28 B
SOM
901.6 M
Philippines Region 12
Mindanao Page 9 of 29
According to Department of Education, there are 60,429 public school institutions, where
16,439 of these is from Mindanao. Furthermore, 2,525 schools are from the Region 128.
Additionally, there are also 1,949 higher education institutions (HEI) nationwide. Assuming
that 30% of these are from Mindanao, the number of HEIs would be about 585 schools. Out of
these 585 schools, suppose that 200 HEIs would be hailing from SOCCSKSARGEN9. On top of
that, there are a total of about 1.08M business enterprises/establishments that are in operations.
212,000 of these are coming from Mindanao area and specifically, 46,000 are from the Region
1210.
With these statistics in mind, we assume that around 300 students eac
h school would buy a 90 php noodle meal, and about 200 employees for every business
enterprise would also buy 90 php noodle meal. Hence, this would give us a Total Available
Market (TAM) of 21.1B php, Serviceable Available Market (SAM) of 4.28B php, and Serviceable
Obtainable Market (SOM) of 901.6M php.
5.2 SWOT Analysis
STRENGTHS WEAKNESSES
-Accessible since our machine can be -Costly initial investment

placed everywhere. Especially near offices -Regular Maintenance
and schools. -Essential Quality Control of Ingredients
-Affordable -Unproductive during power outage
-Convenient to everyone.
OPPORTUNITIES THREATS
-High competition
-Demanding food regulation security
-Promising Business Expansion Overly technology
-Progressive together with the
-Dependent
development in technology
-Security concerns such as thefts and
-Very Open to Customizable Options
vandalisms
Page 10 of 29
5.3 Target Customers

The target customers for a noodle vending machine business can vary depending on the
location and type of vending machine. However, some potential target customers for this
business can be:
College and university students: Many college and university students are always on the go and
looking for quick and affordable meal options between classes or during late-night study
sessions.
• Office workers: Busy professionals often don't have time to leave the office for a proper
lunch break, so having a noodle vending machine in their workplace can be a convenient
option for them.
• Tourists: Tourists visiting popular tourist spots, such as museums, amusement parks, and
other attractions, often need quick and easy meal options.
• Travellers: Travellers in airports, train stations, and bus stations often have limited options
for food, so having a noodle vending machine can provide them with a quick and
satisfying meal.
• Health-conscious individuals: People who are health-conscious but still want a quick and
satisfying meal can be attracted to vending machines that offer healthy options like whole
wheat noodles, low-sodium sauces, and vegetables.
• Late-night snackers: Late-night workers, students, and other night owls might appreciate
having a noodle vending machine as an option when most other food places are closed.
• Convenience store shoppers: Noodle vending machines can also be placed in convenience
stores, offering customers an additional food option while they shop for other items.
For consumers:
• Age
The target age group for noodle vending machines is likely to be between 18 and 45 years old.
This age group is more likely to be busy and on-the-go, seeking quick and convenient meals.
• Gender
Both men and women could be potential customers for noodle vending machines.
Page 11 of 29
• Location
Noodle vending machines would likely be located in high traffic areas such as busy city
centers, train stations, airports, universities, and office buildings.
• Income
The target customers for noodle vending machines are likely to have moderate to high
incomes, as these machines would generally be priced higher than typical vending
machine products due to the cost of the fresh noodles and ingredients.
• Occupation
Potential customers of noodle vending machines could be office workers, university

students, travellers, and people who are frequently on-the-go, as these groups may be
looking for quick and convenient meals that can be eaten on the go.
• Education level
The educational level of customers using noodle vending machines could vary, but
they are likely to have at least a high school diploma or equivalent. Some may have
higher education, such as a college or university degree.
For businesses:
• Industry
The industries targeted by the demographic profile could vary based on the product or
service being offered. However, businesses in the technology, finance, healthcare, and
manufacturing sectors are likely to be more receptive to innovative solutions and
technology.
• Location
Businesses located in urban and suburban areas are more likely to be interested in innovative
and efficient solutions to increase productivity and profitability. Businesses located in densely
Page 12 of 29
populated areas, where competition is high and time is at a premium, would be more likely to
seek out cutting-edge products and services.
• Size
Small and medium-sized businesses (SMBs) would be the target size for this demographic
profile. These businesses typically have less bureaucracy and are more agile in adopting new
technology and solutions.
• Stage in business (startup, growing, mature)

Businesses in the growth and expansion stages would be more likely to be interested in
innovative solutions to increase their profitability and productivity. Early-stage startups may
not have the budget for advanced technology, while established businesses may have more
entrenched processes and resistance to change.
• Annual sales
The annual sales of targeted businesses would likely range between P1 million to P100 million.
This range allows for businesses that have the resources to invest in new technology, but may
not have the scale of larger enterpris
Page 13 of 29
5.4 Key Competitors
Competitors’ Data
Name of Competitor A 7 Eleven
Location (if applicable) General Santos City
Logo
Product/Service Image
Name of Competitor B Oishi Ramen Bai
Location (if applicable) Pendatun Avenue, General Santos City
Logo
Page 14 of 29
Name of Competitor C Streetfood Asia
Location (if applicable) Perez Avenue, General Santos City
Logo
Competitive Analysis Table
Swift n’
Factor 7 Eleven Ramen Bai Streetfood Asia
Ready
Noodle Instant cup
Asian Street
Products Vending Noodles and ready Japanese Ramen
Foods Ramen
Machine to eat food
Price Php 80 Php 40-200 Php 295-300 Php 90-100

Quality excellent excellent good good
Selection Offers a wide Offers a wide Japanese Cuisines Offers a wide
variety of variety of ramen variety of
toppings and products. cuisines.
flavours.
Service All-in one In-store shopping Dine-in, Take-out Dine-in, Take-
vending and Delivery out and Delivery
machine.
Stability
Expertise Noodles/Ramen Instant cup noodles Japanese Ramen Asian Foods
Noodle
Page 15 of 29
Company 4.7-5 Stars (30 4.3 Stars (81

No Data 4.5 Stars (50 ratings)
Reputation ratings) ratings)
Location General Santos General Santos City General Santos City General Santos
City (Near City
Schools and
offices)
Appearance Vending Convenience Store Restaurant Restaurant
Machine
Sales method Vending
Physical Stores Restaurant Restaurant
Machine
Credit Cash and Online
Cash Cash and Credit Cash
Policies Payment
Advertising Websites and TV Commercials Social Media Post Social Media
Social Media and Social Media Post
Advertisement Post
Image
6. Business Roadmap
2023 2024 2025
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Idea Generation
Product Definition
Feasibility Study
Research and Development
Prototyping
Prototype Testing
Initial Production
Validation/Testing
Final Costing
Commercialization
Adding of Features and Variations
Commercialization of Variants
Page 16 of 29
7. Business Model Canvas
Key Partners: Key Activities • Value Customer Customer

• Starch Online Proposition Relationships Segments
Suppliers Promotions and For people • Customer • Students
(Corn, Campaigns who desires assistance in • Working
Potato, • Surveys and instant yet response to Professionals
etc) Advertiseme appetizing machine • Highly-
• Meat nts food, Swift n’ malfunction occupied
Suppliers • Free Sample Ready is a /misservice People/Workh
• Seafood Marketing vending • Highly open orse
Suppliers • Customer machine that to customer • Regular
• Offices, Feedback can offer inquiries, Individuals
School, Analysis and costefficient suggestions
Implementat food making and
Company
ion process concerns
Establishm
particularly
ents
noodle
• Electronic
meals.
Suppliers
• Manufactu
ring
Services
Key Resources Channels

• Product and • Billboards
developers • Online
• Research and Platforms
Development • Kiosk
Team
• Finance and
Marketing
Team
• Maintenance
Crew
Page 17 of 29
Cost Structure Revenue Streams

• Production Costs • Product sales
• Research and Development • Licensing Revenue and Royalties
• Marketing and Sales • Commission Revenue
• Overhead Costs
• Licensing and Permits
• Operating Costs
• Maintenance Costs
Page 18 of 29
8. Financial Analysis
8.1 12 – Month Profit and Loss Projection
Profit and Loss Projection (12 Months)

Swift n’ Ready
Fiscal Year Begins

Jul-25
LY
5
6
5
6
5
6
-26
5
g-2
AR
y-2
l-25
v-2
r-2
p-2
b-2
r-2
c-2
n-2
t-2
Jan
Ma
Ma
Oc
Au
No
Ap
YE
De
Se
Fe
Ju
Ju
Revenue (Sales)
Product Sales 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 75,131,250 901,575,000
Rent Income 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 121,812,500 1,461,750,000
Category 3 0
Category 4 0
Category 5 0
Category 6 0
Category 7 0
Total Revenue
(Sales) 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 2,363,325,000
Cost of Sales
Production Cost 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 465,372,500
Category 2 0
Category 3 0
Category 4 0
Category 5 0
Category 6 0
Category 7 0
Total Cost of Sales 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 465,372,500
Gross Profit 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 158,162,708 1,897,952,500
Expenses
Salary expenses 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 24,000,000
Payroll expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
Outside services 0 0 0 0 0 0 0 0 0 0 0 0 0
Supplies (office and
operating) 0 0 0 0 0 0 0 0 0 0 0 0 0
Repairs and
maintenance 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Advertising 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Car, delivery and travel 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Accounting and legal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Rent & Related Costs 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 1,754,100,000
Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0
Utilities 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 58,470,000
Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
Taxes (real estate,
etc.) 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation (PPE) &
Amortization
(Intangibles) 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 32,778,333
Other expenses
(specify) 0
Other expenses
(specify) 0
Other expenses
(specify) 0
Misc. (unspecified) 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Sub-total Expenses 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 1,870,104,333
Reserve for
Contingencies 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Expenses 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 155,842,028 1,870,104,333
Net Profit Before

Taxes 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 2,320,681 27,848,167
Federal Income
Taxes 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 8,354,450
State Income Taxes
Local Income Taxes
Net Operating
Income 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 1,624,476 19,493,717
Page 19 of 29
8.2 Cash Flow Projection

Cash Flow (12 months) Swift n' Ready Fiscal Year Begins: Jul-25
Pre-Startup
Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Total Item EST
EST
Cash on Hand (beginning of month) 2,000,000 2,000,000 6,356,004 10,712,007 15,068,010 19,424,011 23,780,011 28,136,010 32,492,008 36,848,005 41,204,002 45,559,997 49,915,991 2,000,000
CASH RECEIPTS
Cash Sales 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 2,363,325,000
Collections fm CR accounts
Loan/ other cash inj.
Owner's Investment 1,958,950,000
TOTAL CASH RECEIPTS 1,958,950,000 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 2,363,325,000
Total Cash Available (before cash out) 1,960,950,000 198,943,750 203,299,754 207,655,757 212,011,760 216,367,761 220,723,761 225,079,760 229,435,758 233,791,755 238,147,752 242,503,747 246,859,741 2,365,325,000
CASH PAID OUT

Purchases (merchandise) 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 38,781,042 465,372,500
Purchases (specify) 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases (specify) 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross wages (exact withdrawal) 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 24,000,000
Payroll expenses (taxes, etc.) 0 0
Outside services 0 0
Supplies (office & oper.) 0 0
Repairs & maintenance 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Advertising 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Car, delivery & travel 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Accounting & legal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Rent 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 146,175,000 1,754,100,000
Telephone 0 1 2 3 4 5 6 7 8 9 10 11 66
Utilities 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 4,872,500 58,470,000
Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
Taxes (real estate, etc.) 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Other expenses (specify) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other (specify) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other (specify) 0 0 0 0 0 0 0 0 0 0 0 0 0
Miscellaneous 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Land 3,000,000
Building 5,000,000
Machinery and Expenses 1,950,500,000 0
Intangibles 450,000 0
Federal Income Taxes 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 696,204 8,354,450
SUBTOTAL 1,958,950,000 192,587,746 192,587,747 192,587,748 192,587,749 192,587,750 192,587,751 192,587,752 192,587,753 192,587,754 192,587,755 192,587,756 192,587,757 2,311,053,016
Loan principal payment
Capital purchase (specify)
Other startup costs
Reserve and/or Escrow
Owners' Withdrawal
TOTAL CASH PAID OUT 1,958,950,000 192,587,746 192,587,747 192,587,748 192,587,749 192,587,750 192,587,751 192,587,752 192,587,753 192,587,754 192,587,755 192,587,756 192,587,757 2,311,053,016
Cash Position (end of month) 2,000,000 6,356,004 10,712,007 15,068,010 19,424,011 23,780,011 28,136,010 32,492,008 36,848,005 41,204,002 45,559,997 49,915,991 54,271,984 54,271,984
ESSENTIAL OPERATING DATA (non cash flow information)

Sales Volume (dollars) 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 196,943,750 2,363,325,000
Accounts Receivable 0 0 0 0 0 0 0 0 0 0 0 0 0
Bad Debt (end of month) 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory on hand (eom) 0 0 0 0 0 0 0 0 0 0 0 0 0
Accounts Payable (eom) 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 2,731,528 32,778,333 62,825,139
Page 20 of 29
8.3 Projected Balance Sheet
Balance Sheet (Projected)

Swift n' Ready
Beginning Projected
as of 7/1/2025 as of 6/30/2026
Php ('00) Php ('00)
Assets
Current Assets
Cash in bank ₱ 2,000,000 ₱ 54,272,000
Accounts receivable ₱ - ₱ -
Inventory ₱ - ₱ -
Prepaid expenses ₱ - ₱ -
Other current assets ₱ - ₱ -
Total Current Assets ₱ 2,000,000 ₱ 54,272,000
Fixed Assets ₱ -
Land ₱ 3,000,000 ₱ 3,000,000
Building ₱ 5,000,000 ₱ 5,000,000
Machinery & equipment ₱ 1,950,500,000 ₱ 1,950,500,000
Furniture & fixtures ₱ - ₱ -
Leasehold improvements ₱ - ₱ -
(LESS accumulated - -₱ 32,733,300
Total Fixed Assets (net of ₱ 1,958,500,000 ₱ 1,917,766,700
Other Assets ₱ -
Intangibles ₱ 450,000 ₱ 450,000
Deposits ₱ - ₱ -
Goodwill ₱ - ₱ -
Other ₱ - ₱ -
(LESS amortization on ₱ - -₱ 45,000
Total Other Assets ₱ 450,000 ₱ 405,000
TOTAL Assets ₱ 1,960,950,000 ₱ 1,972,443,700

₱ -
Liabilities and Equity ₱ -
₱ -
Current Liabilities ₱ -
Accounts payable ₱ -
Interest payable ₱ - ₱ -
Taxes payable ₱ - ₱ -
Notes, short-term (due within ₱ - ₱ -
Current part, long-term debt ₱ - ₱ -
Other current liabilities ₱ - ₱ -
Total Current Liabilities ₱ - ₱ -
Long-term Debt
Bank loans payable ₱ - ₱ -
Notes payable to ₱ - ₱ -
LESS: Short-term portion ₱ - ₱ -
Other long term debt ₱ - ₱ -
Total Long-term Debt ₱ - ₱ -
₱ -
Total Liabilities ₱ - ₱ -
Owners' Equity
Invested capital ₱ 1,960,950,000 ₱ -
Retained earnings - ₱ - ₱ 1,960,950,000
Retained earnings - current ₱ - ₱ 11,493,700
Total Owners' Equity ₱ 1,960,950,000 ₱ 1,972,443,700
Total Liabilities & Equity ₱ 1,960,950,000 ₱ 1,972,443,700
Page 21 of 29
8.4 Break-even Calculation
Breakeven Analysis
Swift n' Ready
Cost Description Fixed Costs (₱) Variable Costs (%)

Variable Costs
Cost of Goods Sold ₱ 194,900,000.00 58.1%
Inventory 0.0%
Raw Materials 0.0%
Direct Labor (Includes Payroll Taxes) 0.0%
Fixed Costs
Salaries (includes payroll taxes) ₱ 24,000,000.00
Supplies ₱ -
Repairs & maintenance ₱ 120,000.00
Advertising ₱ 36,000.00
Car, delivery and travel ₱ 180,000.00
Accounting and legal ₱ 240,000.00
Rent ₱ 1,754,100,000.00
Telephone ₱ -
Utilities ₱ 58,470,000.00
Insurance ₱ -
Taxes (Real estate, etc.) ₱ -
Interest ₱ -
Depreciation ₱ -
Other (specify) ₱ -
Other (specify) ₱ -
Miscellaneous expenses ₱ -
Principal portion of debt payment ₱ -
Owner's draw ₱ 8,000,000.00
Total Fixed Costs ₱ 1,845,146,000.00
Total Variable Costs 58%
Breakeven Sales level = 4405747598
Page 22 of 29
8.5 Source and Use of Funds Statement
The source of capital would be self-investment by the four investors with each of them
investing ₱490,237,500, which sums up into ₱1,972,443,716.68. The capital will then be used for
pre-operating expenses, land, building and machinery costs as well as other fixed assets and
intangibles which sums up into ₱11,950,000.
Source of Funds
Source Amount
Obial, Capital ₱493,110,929.17
Olpindo, Capital ₱493,110,929.17
Sabado, Capital ₱493,110,929.17
Somo, Capital ₱493,110,929.17
Total Funds Commited ₱1,972,443,716.68
Total Funds Required ₱11,950,000.00
Uses of Funds
Cost Amount
Cash-Pre Operating ₱2,000,000.00
Land ₱3,000,000.00
Building ₱5,000,000.00
Machineries ₱1,949,000,000.00
Other Fixed Assets ₱15,000,000.00
Intangibles ₱450,000.00
Total ₱11,950,000.00
9. Validation Survey
Out of 102 respondents who participated in the survey, 57.8% (59 respondents) are female and 34.3%
(35 respondents) of them are male. There is also 7.8% (8 respondents) of the respondents who
considers itself a part of the LGBTQ+. In addition, the respondents are composed of 92.2% (92
respondents) students, 7.8% (8 respondents) working professionals, and roughly 1% (1 respondent)
each are of housewife and non-available category respectively. These data describe about the
respondents who are most likely the target market since they are time-constrained or busy person
per se.
Page 23 of 29
From this demographic information, 56.9% (58 respondents) of the respondents eat noodle
dish few times a week, 33.3% (34 respondents) rarely eat noodle dish, and 8.8% (9 respondents)
eat several times a day while the remaining 1% (1 respondent) eat once a day. The data describes
that most of the respondents do eat noodle meals on a regular basis which is promising for the
proposed endeavor.
Page 24 of 29
When the respondents were asked to rate from 1 to 10, where 1 being the lowest score and
10 being the highest score, the convenience the noodle vending machine will bring towards the
school establishments, working offices, substations and the likes, 31.4% (32 respondents) scored
10, 6.9% (7 respondents) scored 9, 30.4% (31 respondents) scored 8, 13.7% (14 respondents)
scored 7, 5.9% (6 respondents) scored 6, 8.8% (9 respondents) scored 5 and the remaining 2.9%
(3 respondents) scored 4. The data can be interpreted as promising the respondents gave a
pleasing average score of 8.06.
10 being the highest score, the convenience of cashless payment in availing the noodle dishes
particularly in the proposed noodle vending machine, 25.5% (26 respondents) scored 10, 15.7%
(16 respondents) scored 9, 23.5% (24 respondents) scored 8, 8.8% (9 respondents) scored 7, 8.8%
(9 respondents) scored 6, 13.7% (14 respondents) scored 5 and the remaining 3.9% (4
Page 25 of 29
respondents) scored 4. The respondents gave a decent average of 7.83, which proves that the
mode of cashless payment is highly beneficial towards the customers and is appreciated.
10 being the highest score, the importance of variety of noodle dishes which can be availed in
the proposed noodle vending machine, 45.1% (46 respondents) scored 10, 19.6% (20
respondents) scored 9, 17.6% (18 respondents) scored 8, 4.9% (5 respondents) scored 7, 5.9% (6
respondents) scored 6, 2.9% (3 respondents) scored 5 and the remaining 1% (1 respondent)
scored 2. The data goes to say that offering varying noodle dishes such as varying soup, noodles,
and toppings is favorable to the customers as the respondents gave a highly acceptable average
of 8.67.
When the respondents were asked would the like to avail the proposed vending machines,
76 respondents suggested schools, 33 respondents suggested offices, 28 respondents suggested
Page 26 of 29
substations, 39 respondents suggested waiting sheds and there are other 8 respondents who
recommended lodging house/inns, marketplace like centro, and the likes. These data shows that
it is highly evident that the proposed vending machine will likely serve customers at thorougly
busy places like schools, offices and even the waiting shed, which goes to shows that the service
of noodle vending machine will be appreciated.
PROPOSED LOCATION
39
Offices
28 2 1
Schools 3
Substations
Waiting sheds
Lodging house, Inn 33
Marketplace
Anywhere 76
Page 27 of 29
When the respondents were asked how much are they willing to spend on the noodle meals
availed in the proposed vending machine, 58.8% (46 respondents) answered less than 40 php,
27.5% (20 respondents) answered between 40 php to 60 php, 9.8% (18 respondents) answered
between 60 php to 80 php, 3.9% (5 respondents) answered more than 80 php. These data show
that majority of the respondents wanted the noodle meals to be priced below 40 php, which is a
reasonable and profitable price considering the margins.
Moreover, when the customers are asked for recommendations for the betterment of the
proposed vending machine, some of the respondents suggested solid noodle dishes like pancit,
inclusion of utensils like chopsticks, and reasonable low prices. These data goes to show that the
machine could be improved, which is to be taken as positive since it meant that proposal is
progressive.
RECOMMENDATIONS
Low Cost
1 1
None 1 1
1
Addition of Dried Toppings
(Bulad) 5
Inclusion of Chopsticks
41
User-friendly
Solid Noodle Meal Options
Page 28 of 29
10. References
1 Christensen, L. B., Johnson, R. B. & Turner, L. A. Research Methods, Design, and Analysis,
Global Edition. (Pearson Education Limited, 2015).
2 Hull, D., Pettifer, S. R. & Kell, D. B. Defrosting the Digital Library: Bibliographic Tools
for the Next Generation Web. PLoS Comp. Biol. 4, e1000204,
doi:10.1371/journal.pcbi.1000204 (2008).
3 Alon, U. How To Choose a Good Scientific Problem. Mol. Cell 35, 726-728,
doi:10.1016/j.molcel.2009.09.013 (2009).
4 Bauer, D. C. Ten Simple Rules for Searching and Organizing the Scientific Literature.
Nature Preceedings (2009).
5 Pautasso, M. Ten Simple Rules for Writing a Literature Review. PLoS Comp. Biol. 9,
e1003149, doi:10.1371/journal.pcbi.1003149 (2013).
6 Thiel, D. V. Research Methods for Engineers. (Cambridge University Press, 2014).

7 Marder, M. P. Research Methods for Science. (Cambridge University Press, 2011).
8 Department of Education. 6-Data-Bits-Number-of-Schools-Jun.pdf.
https://www.deped.gov.ph/wp-content/uploads/2022/08/6-Data-Bits-Number-of-
Schools-Jun.pdf (2022).
9 The Philippines’ Education Market. https://www.trade.gov/market-
intelligence/philippines-education-market.
10 Philippine Statistics Authority. More than 1.08 million Establishments Operated in 2021
which Generated Total Employment of 8.57 million (2021 Updating of the List of
Establishments Preliminary Results) | Philippine Statistics Authority. Philippine
Statistics Authority https://psa.gov.ph/content/more-108-million-establishments-
operated-2021-which-generated-total-employment-857-million (2022).
Page 29 of 29

Technical Report 3 Group 6

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Technical Report 3 Group 6

Uploaded by

Copyright:

Available Formats

Mindanao State University ENS193: Technopreneurship for Engineers

College of Engineering and Technologists

Swift n’ Ready Business Plan

2 Department of Mechanical Engineering, Mindanao State University, General Santos

3 Department of Mechanical Engineering, Mindanao State University, General Santos

4 Department of Mechanical Engineering, Mindanao State University, General Santos City

Research Instructor: Engr. Irene Lara M. Abad

business to prosper, a good management team is of importance. A competent chief executive

company is expected to earn a net operating income of 19,493,717 php annually.

2. Statement of the Problem

3.1 Company Mission

3.2 Company Vision

3.3 Legal Structure

3.4 Organizational Chart

Figure 1: Organizational Chart

4. Products and Services

4.1 Product/Service Idea

Figure 2: Proposed Vending Machine

4.2 Brand Identity

Figure 2: Logo with Brand name and Tagline

4.3 General Needs/Benefits Map

Customer Needs Product Benefit

➢ The customers can use any type of payment

Financial ➢ The cost of the noodles our machine

produced is lower than those in other

restaurants or noodle shops.

➢ The product is easy to use and navigate, the

availability of noodles they produce are

Technical monitored by the machine, can choose any

noodles of your type and flavor as it is

customizable, Food delivery is fast.

➢ Good to have with friends, co-workers and

➢ This machine is new to this country so many

➢ For their excitement to choose any flavors

they want and try them, some will think they

are just playing video games by choosing

flavors and the type of noodles they want.

Operational ➢ Good service and product quality.

4.4 Value Proposition

• Fresh and instant- Customer Gains

Pain Relievers Pains

• Flexible payment (cash or • Limited form of

• Food can be up to your • Food taste can’t be

5.2 SWOT Analysis

-Accessible since our machine can be -Costly initial investment

5.3 Target Customers

Potential customers of noodle vending machines could be office workers, university

• Stage in business (startup, growing, mature)

5.4 Key Competitors

Name of Competitor A 7 Eleven

Location (if applicable) General Santos City

Name of Competitor B Oishi Ramen Bai

Location (if applicable) Pendatun Avenue, General Santos City

Name of Competitor C Streetfood Asia

Location (if applicable) Perez Avenue, General Santos City

Competitive Analysis Table

Price Php 80 Php 40-200 Php 295-300 Php 90-100

Company 4.7-5 Stars (30 4.3 Stars (81

7. Business Model Canvas

Key Partners: Key Activities • Value Customer Customer

Key Resources Channels

Cost Structure Revenue Streams

8.1 12 – Month Profit and Loss Projection