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Excluded Urls:
1. https://www.lucenacity.gov.ph
Included Urls:
1. https://www.studocu.com
The research locale of the proposed business are Sariaya, Quezon, Lucena
City, Tayabas City and Lucban Quezon in which the researchers approached
and interviewed different individuals that comes from specific nearby town
wherein total number of 400 respondents were collected. The table below
shows the total number of household in every town that is part of the research
locale. The data was gathered base on the 2020 household population based
on the data gathered from PSA Population 2020 Census Population and
Housing (2020 CPH).The updated number of household is calculated based
on assumption given with 0.98 percent growth rate in Lucena City and 1.04
percent growth rate in the province of Quezon.The survey result gave the
number of 184 household from Lucena City, 104 household in Sariaya,
Quezon and, at least 76 and 36 household from Tayabas City and Lucban
respectively. Research Participants The research participants of the study are
the households in Sariaya, Quezon, Lucena City, Tayabas City and Lucban,
Quezon wherein the researchers gathered the data with the total of 633,943 in
which 400 respondents must at least participate in the survey. The table 2
above shows the total number of respondents that should be asked in order to
complete the research. It shows that among the four participating towns,
Lucena City got the highest number with 184 respondents followed by
Sariaya, Quezon with 104 and Tayabas City and Lucban, Quezon with 76 and
36 respondents respectively wherein Lucban got the lowest. Table 1.
Household Population in 4 towns with 5 years assumption population growth
at .98% in Lucena City and 1.04 % in Quezon province Town 2020 Growth
Rate 2021 2022 2023 Lucena City 278,924 .98% 284,502 290,192 295,996
Sariaya 161,868 1.04% 163,552 165,253 166,971 Tayabas City 112,658
1.04% 113,830 115,014 116,210 Lucban 53,091 1.04% 53,644 54,202 54,766
Total 633,943
Table 2. Number of Household from Lucena City, Sariaya, Quezon, Tayabas
City and
Lucban Quezon
Town No. of Respondent Percentage Rate Lucena city 184 46%
Sariaya,Quezon 104 26% Tayabas City 76 19% Lucban Quezon 36 9% Total
400 100 % The researchers use Slovin’s formula to determine the sample size
which served as the respondents of the target market study and use stratified
sampling technique for the selection of the different groups of respondents.
Using the Slovin’s formula the sample size of the target market was
determined as follows: N n = ____________________ 1+ (N) (e) 2 Where n is
the sample size N is the population size E is the margin of error which is 5 %
n = 633,943 / 1 + 633,943 (0.05) ^2) n = 633,943/1585.85 n = 400
respondents individuals Using quota sampling technique, the number of
respondents selected from different municipalities is being calculated.
Research Instrument
In this study the researchers used survey questionnaire through the use of
online technology such us google forms, and some social media platforms.
Furthermore conducting informal interview to some residents and couples is
also another way of research instrument tools that is going to be use. The
questionnaire is consisted of two parts .The first part is to attempt to elicit
responses to the demographic profile of the respondents .Demographic profile
includes age , marital status , and basic salary of the respondents. The other
part contains 20 questions that will elicit responses regarding people’s
references. Informal interviews were conducted to gather supporting data for
the study. Data Gathering Procedure
In order to gather the important information to complete the study, researchers
went through the process of drafting questionnaire, finalizing it and securing
approval from adviser and program head to administer the instrument and to
conduct the informal interview. First, the investigators determined the
research locale and the possible group of research participants that will be
part of the respondents. After determining the research locale, the
researchers made the questionnaire and request letter asking about the
number of people who would be applying for marriage registration and people
who are planning to go on vacation. The request letter then examined and
approved by the research adviser and program head before being sent. Then,
the researchers administered the questionnaire and conducted informal
interview. It is vital that the investigators clarified some terms to the
respondents so that the respondents can answer the questionnaire with full
knowledge of their responsibility as the subject of the study and is requested
to answer with all honesty. In this study since the researcher’s goal is to
determine the importance of the feasibility study of the propose business. The
researchers believes that this method is the most appropriate in choosing the
sample for the research. After the respondents answered the questionnaire,
the researcher collected and tallied the data for interpretation. The researcher
used various and appropriate statistical tools in interpreting the data. Based
on the data the researcher comes up with conclusion and recommendations
for this study. Ethical Considerations
All information collected in this study remained confidential as the respect and
importance of others are the ethical principles established during the research
period. The researcher acquired the respondent’s permission to use their true
identities in the research report and it must be published in order to progress
research. The well-being of respondents was protected at all times. Letters
are given to them formality stating that were not compelled of being asked and
authorizes their willingness in conducting this research. Data Analysis Tools
This part discuss different data analysis tools that is to be used in the study , It
can be an interview, questionnaire or survey that will be use to collect and
analyze data about the proposed business , customers and its competition in
order to improve and help the hidden insights to make data- driven decisions.
The information that will be gather will be used to determine the acceptability
of the proposed business to the target market in which the data that will be
collected will be described in the latter part of this feasibility study. Therefore it
will be use to analyze the findings of the feasibility study and to create formal
recommendations and conclusion at the end. All data that will be from the
questionnaire will be treated the weighted percentage mean formula , Hence
the information that will be collected from the informal interviews will be
interpreted as the supporting evidence to prove the feasibility of the proposed
business . Percentage Formula: WhereasP = Percentagef = Frequency n =
sample size Weighted Percentage Mean: WhereasWM = Weighted Mean W =
unit weight corresponding to the response V = the number of respondents Vn
= total number of respondents The financial data will be analyze using the
financial ratios as tools for analysis. Financial analysis tools that will be use in
this study are the following: Liquidity ratio - this analytic includes current or
upcoming expenses such as F&B inventory, employee wages and the lease of
rented assets. To maintain hotel business viability, a property must have
sufficient assets on hand to cover short-term liabilities should market
conditions take a downturn. This can include cash, accounts receivable and
available inventories that are reflected on a property’s balance sheet. The
formula of the liquidity ratio is :
current ratio = current assets / current liabilities Financial Leverage Ratio – it
seeks to identify a property’s long –term solvency. This metric specifically
addresses whether a hotel business is able to meet debt commitments for
long-term assets including building rental fees, taxes, and maintenance fees
for equipment upkeep. Formula: Debt Ratio = Total debt / Total Assets
Operating ratio = shows the efficiency of a company's management by
comparing the total operating expense (OPEX) of a company to net sales.
The operating ratio shows how efficient a company's management is at
keeping costs low while generating revenue or sales. The smaller the ratio,
the more efficient the company is at generating revenue vs. total expenses.
Formula:
Operating ratio = Operating Expenses + Revenue / Net sales Average Daily
rate ratio = It stands for average daily rate, and it's used to measure the
average revenue that a hotel receives for each occupied guest room per day.
By measuring the ADR for your property, you're able to see the average rate
that comes from all occupied rooms. Formula: ADR = Room revenue / room
sold Profitability ratio= assess a company's ability to earn profits from its sales
or operations, balance sheet assets, or shareholders' equity. Formula:
Profitability Ratio = gross profit / Net sales * 100 Return on Owner’s
Investment (ROI) is a performance measure used to evaluate the efficiency or
profitability of an investment or compare the efficiency of a number of different
investments. ROI tries to directly measure the amount of return on a particular
investment, relative to the investment’s cost (Fernando, 2022). Formula: (Net
Profit/Total Investment) * 100 Asset Turnover: measures the value of a
company's sales or revenues relative to the value of its assets. The asset
turnover ratio can be used as an indicator of the efficiency with which a
company is using its assets to generate revenue (Hayes, 2022). Formula:
Total Sales/Average Total Assets The higher the asset turnover ratio, the
more efficient a company is at generating revenue from its assets.
Conversely, if a company has a low asset turnover ratio, it indicates it is not
efficiently using its assets to generate sales (Hayes, 2022). Return on assets
(ROA) is an indicator of how profitable a company is relative to its total assets.
ROA gives a manager, investor, or analyst an idea as to how efficient a
company's management is at using its assets to generate earnings
(Hargraves, 2021). Formula: Net Income/Average Total Sales ROA is
displayed as a percentage; the higher the ROA is, the better. Chapter III
MARKET FEASIBILITY This chapter aims to describe various objectives of
the feasibility study of the proposed business. It shows the different market
variables that has to be considered in the study and tackles the data involves
in presenting the collected data on demand, supply projection of revenue,
analysis of competition and marketing strategy. Market feasibility determines
the depth and condition of specific market and its ability to support a particular
development. Its main objective is to know the market to see if enough
demand exists to make the venture successful. Objectives of the Market
Feasibility To describe the target market of the business. To gain insight on
the assessment of the market trends through sales and data gathered, such
as recorded customers of private staycation and event place to determine the
effectivity of place, promotion and service. To estimate the annual demand of
the proposed business. To determine the market share and projected share of
the proposed business. To develop and propose a marketing strategy for the
business to compete among competitors in the area. 1. Target Market Target
Market of the study are individuals residing the nearby town wherein the
proposed business was located. They are household owners, individuals,
getting married couples and some honeymooners that are possibly looking for
a service that the proposed business are offering. The business is expecting
to get more visitors from household owners or family that are looking for
staycation, followed by the number of getting married couples that are looking
for the wedding venue and photoshoot. Target Market Size Data in 2020 from
Philippines Statistics Authority (PSA) showed that the total household
population of Lucena City is 278,924, Sariaya Quezon is 161,868, Tayabas
City 112,658 and Lucban 53,091 with 1.04 growth rate for Sariaya Quezon,
Tayabas City and Lucban while 0.98 for the City of Lucena. Showing that by
2023 there is 633,943 total household population. Table 3: Target Household
Population Lucena City Sariaya Tayabas Lucban Total Est.Household
Population(2023 295,996 166,971 116,210 54,766 633,943 Less: Poverty
Incidence (2023) 22.4% 66,303 37,401 26,031 12,268 142,003 Total
Population above Poverty Incidence 229,693 129,570 90,179 42,498 491,940
Multiply to Percentage of Market Acceptability (75%) 75% 75% 75% 75% 75%
Total Target Household Population 172,270 97,177 67,634 31,874 368,955
Table 3.1 Market Acceptability Response Frequency Percentage Yes 300
75% No 100 25% Total 400 100% Demand Demand is an economic principle
referring to a consumer's desire to purchase goods and services and
willingness to pay a price for a specific good or service. Market demand is the
total quantity demanded across all consumers in a market for a given good or
service. (Investopedia, 2021).According to the latest report by Travel &
Tourism – Philippines (statista.com), the revenue in Travel and Tourism is
projected to reach US4,462M in 2024, in which revenue is expected to show
an annual growth rate of 5.49% that may result to a projected market volume
of US 5.525M by 2028. The report shows that the largest market is the hotel
and hospitality industry with the projected income of US2.058M in 2024.In the
latest report by the Department of Tourism, the tourism chief Maria Esperanza
Christina Garcia Frasco, emphasized that the country’s local tourism industry
is recovering faster than expected and have surged at an estimate receipt of
482.54B from January to December 2023 (Department of Tourism).
PROJECTED MARKET DEMAND The projected demand is necessary for the
researcher to forecast the possible demand for the service of the proposed
business this study will help to know whether the proposed business is viable.
Table 4. Frequent visit of Customers / Guests per year No. Of Times No. Of
Respondents Multiplier Annual Frequency Once a month(12 times) 44 12 528
Once a year 138 1 138 2-3 times a year (3x) 52 3 156 4-5 times a year (5x) 66
4.5 297 Total 300 1116 Table 4 Frequency Customers/ Guests visit Average
frequency of availing = 1116 / 300 Average frequency of availing = 3.72 or 4
per year The table indicates that the average frequency of the respondents
that goes to staycation per year, by dividing the total annual frequency over
the total number of respondents it shows that the average frequency of visit is
3.84 or 4 times a year. Demand Projection
Table 5. Projected Demand Total Population of Lucena, Sariaya, Tayabas and
Lucban 633,943 Less: Poverty Incidence (22.4%) 142,003 Total Target
Population 491,940 Market Acceptability (75%) 75% Total Population Above
Poverty line 371,205 Multiply: Frequency of Visit 3.72 Total Projected Demand
1,380,883
The table shows that the projected Demand of the business is resulted to
1,380,883. This figure was taken after subtracting the total population of the
respective towns which are Lucena City, Tayabas City, Lucban and Sariaya to
the poverty incidence which is 22.4% equal to 142,003. By this formula the
total target population was determined and then multiply to the market
acceptability which is 75% based on the conducted survey. Then multiply by
the number or frequent visit in a year which is 4 times. Table 6 Projected
Income for the First year
Table 6.1 Projected Service Income for 5 years 2024 7,422,000 2025
7,829,469 2026 8,258,306 2027 8,712,742 2028 9,191,071 Projected
Demand = Current Demand x 5.49 % According to the Statista there will be a
5.49 % increase annually that is based on the current growth rate of resort
and hotel industry. The Projected service income is computed by multiplying
the current demand by 5.49% to the annual service income of the proposed
business. Supply Supply is a fundamental economic concept that describes
the total amount specific good or service that the proposed business can offer
to consumers or customers. It greatly helps the proposed business to
determine the needs and wants of the customers in the prospected areas.
There are numbers of resorts and hotel located in Lucena and nearby town,
however the proposed business has its unique environment that is calm, relax
and is very peaceful wherein guests can experience serenity that they can’t
get from other competitor. Being in a private place where a guest won’t be
worried about other people that may invade and disturb their privacy and
vacation. The researcher aims to grant the needs of every guest assuring to
give excellent and quality service that will guarantee their satisfaction.
Table 7 List of Private Resort its Rate and Location Address Name of
Establishments Rate The Ponce Farm
Brgy,Castanas Sariaya, Quezon 28,000 / night
food not included La Vineyard
Brgy. Bignay 2 Sariaya , Quezon 18,500-25,000/ night
food not included
not exclusive Al Mara
Brgy Sitio Lagnas
beside Railroad Sariaya Quezon 15,000/ night food not included Auhana La
Granja
Brgy. Anos Tayabas Quezon 17,750 / night food not included Table 7 shows
the list of competitors located in various places nearby the vicinity of the
proposed business. It shows that among them The Ponce Farm offers the
highest rate with 28,000/night without food inclusion, next is Bukid Ayaas
Private Resort with 22,000 / night for the maximum of 15PAx ,followed by La
Vineyard with the rate of 18,500 to 25,000, Almara with 15,000 per night , and
lastly Auhanna La Granja with 17,750 per night. Table 7.1 List of Resort and
Hotel and its Average Customer Resort Average Customer/Day Average No.
of Customer /month The Ponce Farm 375 11,250 La Vineyard 200 6,000 Al
Mara 200 6,000 Auhana La Granja 300 9,000 Total 1,075 32,250 Average
Customer/ month 8,063 Average customer of each resort / year 96,756 Table
indicates the average visit of guest per year. The average guest was from the
quotient of total customer per month and number of competitor in the market.
The average visit of each hotel and resort was the product of average
customer per month and 12 months. Figure 1. Hotel Growth 2010-2021 CEIC
Data The figure indicates the economic growth of Hotel Industry from 2010 to
2021.
Figure 2. (Source Statista 2024) Revenue Growth of the Hotels Market in the
Philippines from 2019
The figure indicates the Hotel Industry statu with regards to its revenue growth
from 2019 – 2028.It shows how low it has been due to pandemic and
suddenly rise after. This figure also indicates that the industry growth may
predicted to be stagnant between 2025- 2028.
Table 7.2 Revenue Growth of Hotel Industry from 2010-2023 Year Number
Growth Rate 2010 497,000 2011 511,861 2.99% 2012 531,362 3.81% 2013
554,689 439% 2014 581,481 4.83% 2015 610,555 5% 2016 644,135 5.57%
2017 686,648 6.6% 2018 738,834 7.64% 2019 774,593 4.84% 2020 376,220
(51.43%) 2021 527,535 40.22% 2022 706,950 34.01% 2023 833,776 17.94%
Demand and Supply Gap Demand and supply gap shows the difference
between the demand for an industry and supply available in the market.
Based on the computation, it shows that the demand exceeds supply which
means that there is an opportunity for a new business to enter in the resort
and hotel industry. Demand and Supply Gap = Demand – Supply = 833,776 -
96,756 = 737,020 customers is the window of opportunity for the business.
Marketing Strategy A marketing strategy refers to a business's overall game
plan for reaching prospective consumers and turning them into customers of
their products or services. A marketing strategy contains the company's value
proposition, key brand messaging, data on target customer demographics,
and other high-level elements. (Investopedia).In a service business it is vital to
have the 7ps to make up necessary marketing mix that a business must have
to advertise whether it is a product or a service (onlinemanipal.com). Service
A business service refers to activities that benefit a company without
supplying tangible products. These services may comprise marketing, event
planning, training, waste management and other types of non-tangible
services that benefit the company. Learning about business services and how
they help organizations improve may encourage you to request these
benefits. In this article, we define services in a business and provide you with
the different types of services businesses might hire to improve the work
environment (Indeed 2022). The proposed business offers the following
service: Photoshoot for all occasions A guest/guests can do 8 hour
photoshoot wherein they can use all the amenities and facilities of the resort
as background of props for their photoshoot coverage. Function Hall
Accommodation Guest/ guests can rent the function hall with a maximum of
150 guests in every occasion that they booked for. Villa and Function Hall
Accommodation Guests can use the villa along with the function hall Garden
Reception Accommodation Guests can use the whole garden space to serve
as their reception for any type of occasions. Wedding Full Package -This
service includes photoshoot, function hall/garden reception, use of villa, pool,
recreational activities wherein they totally rented the whole place. Family
Staycation Package (1 day) Family Staycation Package (2 days) Family
Staycation Package (5 days) Family staycation Villa only Pricing In order to
have customers who will patronized your business and will be loyal, pricing is
very important. It is a strategy that takes into account segments, ability to pay,
market conditions, competitor actions, trade margins and input costs amongst
other. It is targeted at the defined customers and against competitors (The
Economic Times).
Table 8: Services Offer by the Business Service Offer Amount Photo Shoot for
all Occasion (8 hrs) 10,500 Function Hall Accommodation (5hrs) 15,000 Villa
and Function Hall Accommodation 25,000 Garden Reception Accommodation
18,500 Wedding Full Package 75,000 Family Staycation Package 1 day
35,000 Family Staycation package 2 days 45,000 Family Staycation Package
5 days 60,000 Family Staycation Villa only 8,000 Place Place refers to the
distribution and availability of your goods to potential buyers as part of the
marketing mix. And you can’t talk about the location without mentioning your
target market. This component necessitates a thorough grasp of the target
persona. You will uncover the most effective distribution methods once you
have nailed knowing the ins and outs of your target clients. Making your
business become remarkable and easy to find. It should be place in a location
that is suit to whatever business and service you offer that is addressing the
customer’s wants and satisfaction. Physical Physical proof is a must-have for
the 7 Ps of marketing. It might be material or intangible, and you should
provide proof of delivery. Product packaging, receipts, and customer service
are all physical examples. The perception of a company’s product in the
marketplace is intangible physical proof. Consistent branding across channels
is a means to impact customers’ views to the point that your brand is the first
thing that comes to mind when they hear a word, sound, or phrase. An
accommodation or event rental business is easy to be popular once the
guests are satisfied and happy. Nowadays being famous is just one click
away. So it is important to have a constant good and clean surrounding that
most people like to have. People One of the best assets of a country is people
and so as the business. In order to have a successful business it is important
that a company or organization appreciates and therefore gives importance to
their staff, whether it is belong the whichever department. In every business it
already known that a happy staff makes and generates more incomes as they
attract and encouraged more tourist and guest to keep on coming back
because the staffs are good and honest. There is a saying that says” A happy
employee make a happy employer “, it is simply because happy employee
creates good and nice environment which is very important in a business
Process The process in the marketing mix is the method through which your
product or service is presented to clients. Your sales funnel, distribution
system or other methodical operations can ensure your company functions
properly. You also want to make sure that your procedure is well-organized to
save money. Other examples include the order in which individuals complete
activities, the quantity of inquiries received by salespeople, and how
performance is recorded and assessed. Nowadays that social media is very
popular, it is very vital that a business is aware to some unexpected videos
that may went viral and start to ruin the business. It is important that the
business creates a relationship or bond with a customer so that they will keep
on coming back and also will attract more tourist or guests by referrals and
recommendations. Promotion When it comes to marketing, promotion is very
important. It is known that people usually know a business thru a promotion
that6 an organization used. Promotion is the key to success as it embodies
the whole marketing strategy. If a business has a good promotional strategy, it
will be more likely to generate more income, and so that is why companies are
willing invest as long as the promotional activity is great. Nowadays the most
common and effective way to promote your product or business is thru social
media such as, tiktok, facebook, Instagram, and many more. YouTube and
influencers are also a great help today as they are cheaper than hiring
celebrity to promote your business. Some influencers are willing to collaborate
with a company without any fee as long as they believed in your business.
Tarpaulin is also needed and necessary as it will attract more people
especially those who are just passing by along the area. Another big factor is
those travel apps that are free wherein a company can promote their business
and tourist and guests will just need to check in online. The growth of Airbnb
is also a great factor in order to accumulate customers and generates income.
Figure 3. Social Media Platform use by the business Figure 4: Tarpaulin
Chapter IV TECHNICAL FEASIBILITY Introduction Technical feasibility is the
one that requires to assess the viability of architecture design and ideas
required to execute the project properly. There are different types of technical
feasibility that all contributes to the implementation of a technical process
within the company. It is important as it can serve as great planning tool by
providing an overview of how a propose business can evolve during the
course development. This chapter will help the reader to understand the
technical aspects of the proposed business. It will tackles the different
amenities and enjoyment activities that the proposed business can offer to the
market. It will discuss the process on how the proposed business will accept
the guest and different technicality that has something to do with accepting
bookings and reservations. Objectives of the Technical Feasibility To provide
the technical description of the service that the proposed business can offer.
To describe how the booking and reservation process will take place. To
assess the certain plant size and lay outs. To determine the require
construction material that will be added to the proposed business. To
determine the number of staffs that is needed to be hired. To determine the
requirement that would be needed for construction. To propose a practical
waste disposal The Service Prosperous Urban Escape Private Resort and
Event Place, aims to provide satisfaction and unforgettable experience to
every guest and individuals that will come and celebrate their special
occasions with their loved ones. Located in the foot of Mt. Banahaw wherein
you can feel the cool weather, fresh air and many more. It can be considered
as a nature farm resort because of this breathtaking green scenery. What
makes Prosperous Urban Escape and Event Place different from its
competitor is that. It is the only resort that can offer a nature farm like
experience that the guest can’t have in a beach or any other private resort that
offers similar accommodation. Figure 5. Online Reservation
Figure5.1 `Walk-In Reservation Description of the Process Online Reservation
The prospected client/ guest will contact thru phone call, email or other social
media platform. Once determined that the desired date is vacant. The staff will
give the complete details and then will confirm the reservation details
including the reservation date, chosen function hall/ package. The prospected
client/ guests will then pay. It can be thru down payment or full payment. Once
the reservation and payment are done. Then the chosen date will be reserved
and serve as occupied. Walk-in Reservation The prospected client/ guest will
talk to the receptionist on duty. Once determined that the desired date is
vacant, the receptionist on duty will then give a tour to the place and explain in
details the package that the client/ guest are about to take. The prospected
client/ guest will then need to pay the down payment for the reservation or can
just be pay as whole. Once the reservation and payment are done. Then the
chosen date will be reserved and serve as occupied. Figure 6: Service Flow in
Acquiring Photo Shoot Service Description of the Process Online or offline
inquiry thru call or by the used of any platform that the company is using.
Walk-in applicants will go to the office and check the availability and details
regarding the theme that they want. The receptionist on duty will explain and
tour the prospected client/ guest around the area to know the details and
discuss everything. The prospected client will have a discussion about the
pricing and availability. The down/ payment or full payment should be settled
first in order to confirm the reservation. The service will be done on the day of
the chosen date. Note: Every service will have the same process. Operation
Schedule Prosperous Urban Escape Private Resort and Event Place aims to
provide the clients the best experience whenever they want and need, that is
why , we aims to operate the business 365 days a years including the
holidays. As we all know that holiday in the Philippines is the best time to
relax, and so we are still under operation even on holidays. There will be
some promotional offer for the guests that will book ahead of time plus some
freebies to be given away. The proposed business aims to cater guest of the
private accommodation area, 16 hours a day from 6:00 am to 8:00 pm.
wherein guests will receive breakfast and service assistance till 8:00 pm in the
evening to which dinner should be serve between 6:00- 6:30 pm. Function
halls are ready from 6:00 am to 8:00 pm as well. However recreational room
such as billiard hall, dart and table tennis equipment will be available
24/7.Guest can also use the KTV room until 12mn. While different activity
such as camping, outdoor movie and other fun activity that can be held
outdoor will not be forbidden.
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RESORT POLICIES AND HOUSE RULES Prosperous Urban Escape strive
to provide our guests with an exceptionally clean, safe, and friendly private
resort and events experience. Based on industry standards, management
practices, and operational guidelines, the following resort policy/house rules
have been formed. We consider our reservation agreement with you to
include these resort policies and house rules. By reading and signing your
resort registration
as one of our guests, you consent to follow
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all of our resort policy/house rules, terms and conditions, and procedures.
To ensure that each guest is informed of the agreements between the
Prosperous Urban Escape Private Resort and the guest and to help promote
our guests’ safety and enjoyment, these resort policies and house rules are
provided here. Please check back frequently because our
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resort policy and house rules are subject to change. I. 1. The resort is rented
for resort slots.
2. SLOTS: A resort day slot starts at 9:00 a.m. on the day of arrival and ends
at 5:00 p.m. on the same day. A resort night slot starts at 7:00 p.m. on the day
of arrival and ends at 7:00 a.m. of the following day. A full day slot starts at
9:00 a.m., or 7:00 p.m., and ends 22 hours (7:00 a.m., or 5:00 pm,
respectively) after. Failure to check out by the end time of the rented slot will
result in an additional fee for extending a resort stay. A charge for the
extension amounts to PhP 500.00 per hour.
3. Early check-in is offered based on availability. 4. There will be no refunds
for early check-out.
5. The resort reserves the right to pre-authorize your credit card upon check-in
or collect a fee for the entire stay in the form of a cash deposit.
6. In case the guest fails to appear in the resort by 12 p.m. for day stay, or 10
pm for night stay despite making a reservation, the deposit for the stay shall
be forfeited by the resort. 7. Use rates are for 25 persons (ages 5 and older).
Additional fees are assessed for extra persons in excess of 25 (ages 5 and
older). Only a maximum of 40 persons are allowed in the resort per
reservation for private villa and pool use.
8. CANCELLATIONS: Prosperous Urban Escape Private Resort is not
responsible for weather conditions, personal emergencies, or schedule
changes. Reservations must be cancelled forty-eight (48 hours) resort time,
prior to your arrival date, in order to avoid forfeiture of your deposit. If
reservations are cancelled less than 48 hours before the arrival date, the
deposit will not be refunded, but can be applied to future resort stays. II.
1. The resort guest cannot hand over use of the facilities to third persons,
even if the period for which the guest paid has not yet expired.
2. The resort reserved the rights to refuse service to anyone for any reasons
that does not violate government laws. The resort also reserves the rights to
eject persons from the resort who are in violation of the resort policies and
house rules.
3. The resort accepts guests traveling with small dogs not exceeding 8 lbs. A
maximum of two (2) small dogs are allowed. No other animals are allowed.
The guest bears full responsibility for any damage caused by their pet, which
may include repair and cleaning fees. Pets must be leashed in common
areas. Due to health/hygienic reasons, pets are not allowed in the pool. The
resort will not be responsible for damage to guest’s properties or injuries to
other persons caused by the guest’s pets. III.
The resort renders services in accordance with its category and standard.
Guests are requested to submit any complaints regarding the quality of
services at the office as soon as possible, thus allowing for the resort’s
immediate action. The resort is obliged to ensure: Conditions for full and
undisturbed rest of the guest Safety of stay and privacy. Every guest provides
its consent to processing their personal information for the purposes of
checking in and placing its data in the resort database. The guest has the right
to review and correct its personal data. Professional and polite service in
respect of all services rendered by the resort Cleaning of the room and
performing necessary repairs of equipment during the guest’s absence or in
their presence is so requested by the guest In case of any defects which could
not be repaired, the resort shall make every effort to, where possible, in any
other way address the inconvenience. IV. 1. At the guest’s request, the resort
renders the following free-of-charge services Information concerning the
guest’s stay and travel. Use of equipment such as TV, refrigerator, grills,
water dispenser.Etc. Access to a swimming pool during hours of availability.
Use of videoke/karaoke machine pursuant to Rules and Regulations
applicable to use of equipment (“quiet hours” ordinances/laws). 2. The resort
reserves the rights to modify (add or remove) equipment that can be used by
guests without prior notice. V. 1. The resort will not be held liable for any loss
or damage of items brought in by guests to the resort. The guests will be
responsible in securing their belongings during their stay.
2. LOST & FOUND POLICY: Prosperous Urban Escape Private Resort
assumes no liability for lost, misplaced, stolen, or damaged valuables or
belongings. If guest/s discover that they have left behind something of value,
guest should contact the resort immediately and the resort will try to assist the
guest in locating the lost item. 3. FOUND ITEMS: Prosperous Urban Escape
Private Resort is not responsible for any item left behind by a guest. However,
any item, with the exception of perishable items, left behind by our guests and
found after departure by Housekeeping will be collected, logged in, and kept
in a secure location for collection by the owner for up to fourteen (14) days.
Reasonable effort will be made to notify the guest that an item has found.
Perishable items, underwear, and miscellaneous toiletries are discarded. If
resort is unable to contact the guest during the fourteen (14) day holding
period, the unclaimed item are thrown away, given to local organizations, or
disposed of accordingly by Prosperous Urban Escape Private Resort. VI.
When leaving the room, guests are expected to check whether the door is
properly locked. Loss of a room key is subject to an extra charge of Php
250.00. The resort guest bears financial liability for damaging or destroying
the resort’s equipment and technical devices due to their fault or due to the
fault of their visitors. The guests will be assessed and charged the full cost of
repairs and replacement of the damages to bring back the resort to prior
condition. Room heaters, electric irons and other similar devices that emit
heat which are not a part of the resort room equipment are not allowed to be
used inside the rooms due to the fire safety. Smoking inside the villa, and in
the pool is prohibited. Use of other recreational drugs are also strictly
prohibited. Violation of the prohibition is subject to a cleaning fee of Php
1000.00. Firearms and weapons are not strictly not allowed to be brought in
the resort. Guests and vendors who fail to abide by our policy may be asked
to leave the resort premises, are subject to trespass and may be subject to
further legal action. Exempted from this policy are law enforcement officers
and designated military personnel who are on-duty and required to carry
firearms in the performance of their duties. No exemption to this policy is
allowed for private persons, even those licensed and permitted to carry a
firearm openly or concealed under local, or national law. VII. Inside for guests
using the private resort is provided for free. All vehicles are parked at the risk
of the owner. Prosperous Urban Escape Private Resort shall not assume
liability or responsibility for any vehicle, occupants, or contents while operated
or parked on the resort property. If a vehicle is left in the resort property after
the guest has departed without the written consent of the resort, the resort
reserves the right to have the vehicle towed at the owner’s expense. No
vehicle repairs on hotel premises. Outside parking for events is provided for
convenience. Prosperous Urban Escape Private Resort does not own or
operate the parking lot. The parking lot may impose their own rules and fees.
Prosperous Urban Escape Private Resort shall not assume liability or
responsibility for any vehicle, occupants, or contents while operated or parked
outside the resort property. VIII. The following NOISE POLICY will be strictly
enforced: Quiet time is from 10 PM-6 AM. All noise-making activities shall
move to inside the villa during these times. Use of videoke machine is strictly
limited to inside the villa. The doors of the villa shall be kept closed to
minimize noise during quiet times. Persons or groups not complying or
violating the NOISE POLICY despite reminders will be reported to authorities
and subject to immediate ejection from the resort without refund. IX. By
making a reservation, guests agree to abide by the resort policy and house
rules, and follow the instructions of the staff and proper authorities. Guest/s
who violate the resort's rules and policies, behave/s in a disorderly manner,
and/or refuse/s to follow directions relating to resort rules and policies from the
staff or authorities will be asked to leave the property without refund. X. The
proposed business reserves the right to amend, modify, change, cancel, vary
or add to these Resort Policies/House Rules or the arrangements and content
featured on our Resort website at any time without prior notice. The guests
are responsible for checking regularly for updates to the Resort Policy/House
Rules. Any modification to these Resort Policy/House Rules that occurs
before the guest’s departure is considered a part of the guest’s reservations
agreement with the resort. A copy of these Hotel Policy/House Rules is
located on the resort website, in the Guest Room Notebook, and available
from the resort staff upon request.
Reservation Policy and Down Payment Policy Every reservation is
accompanied by a reservation fee amounting to 3000 Php which is
nonrefundable. In case whatever reason the guest or clients wasn’t able to
pay the initial down payment needed after 15 days, the reservation fee will be
forfeited and therefore the reservation slot will be open. The payment should
be done within the agreed settlement of both parties .Which is as follows:
3000 Php – Reservation fee upon the date of reservation 20% down payment
– 15 days after confirmation of the reservation 80 % full payment – 10 days
after the payment of 20 % down payment Every guest or client have the
privileged to change their chosen theme at least 30 days before the event in
the condition that there will be no refund, however they can receive additional
or less package that will be equivalent to what payment was settled. Figure 7:
Business Location Figure 8: Plan Size and Lay –Out Table 9 Floor Size
Facilities Size Land 1,750sqm Concrete Fence 1,750 sqm Villa 32.46sqm
Recreational House(indoor) 30sqm Recreational and Activity (outdoor)
435sqm Fish Pond 2sqm Storage Room 14sqm Function Hall 138sqm
Comfort Room 2.5sqm Swimming Pool 20sqm Camping Site 55sqm Office
11sqm Nipa Huts 4sqm Guard House 8sqm Parking Area 161sqm Waste
Disposal 2sqm Table 5 indicates the distribution for the floor plan of the resort
and. It consists of floor area, unit cost and total amount to determine the total
project cost of the land and buildings BUSINESS, FIXTURES, FURNITURE
AND EQUIPMENT Table 10: List of Equipment Schedule 1 : Villa Equipment
Equipment Quantity Units Unit Price (in pesos) Brand or Origin Total Cost
KITCHEN Gas Range 1 pc/s 11,683 Fujidenzo ₱11,683.00 Refrigerator 1 pc/s
15,495 LG ₱15,495.00 Microwave Oven 1 pc/s 2,900 Hanabishi ₱2,900.00
Electric Kettle 1 pc/s 299 OneMerch ₱299.00 Water Dispenser 1 pc/s 3,999
Hanabishi ₱3,999.00 Rice Cooker (2.2L) 1 pc/s 1,305 Standard
SRG ₱1,305.00 MASTERS BEDROOM Air condition 1 pc/s 8,499 Astron
(Class .6 HP) ₱8,499.00 TV (32 inch) 1 pc/s 5,799 Ace Smart TV LED-808
ZEI9 ₱5,799.00 Water Heater 1 pc/s 5,700 Panasonic (DH-
3PL1PH) ₱5,700.00 TOILET (MASTERS BEDROOM) Water Heater 1 pc/s
5,700 Panasonic (DH-3PL1PH ₱5,700.00 Hair Dryer 1 pc/s 570
Bremod ₱570.00 2ND ROOM TV (32 inch) 1 pc/s 5,799 Ace Smart TV LED-
808 ZEI9 ₱5,799.00 Ceiling Fan 1 pc/s 2,086 Lisa Shopping ₱2,086.00
LIVING ROOM TV (65 inch) 1 pc/s 25,999 Ace Smart TV LED-909
DK5 ₱25,999.00 Router 1 pc/s 538 Tenda F3 300Mbps Wireless Wi-Fi
Router ₱538.00 Ceiling Fan 1 pc/s 2,086 Lisa Shopping ₱2,086.00 TOILET
(GROUND FLOOR) Water Heater 1 pc/s 5,700 Panasonic (DH-
3PL1PH) ₱5,700.00 Hair Dryer 1 pc/s 570 Bremod ₱570.00 Veranda CCTV 2
pc/s 860 XiaoMICC Camera V380 HD 1080P ₱1,720.00
Total 106,447.00 Table 11: Schedule 2 Villa: Furniture and Fixtures Furniture
and Fixtures Quantity Units Unit Price (in pesos) Brand or Origin Total Cost
KITCHEN Dining set 1 set 18,550 CST0168 (Mahogany Solid
Wood) ₱18,550.00 Dish Organizer 1 pc/s 2,300 Zooey ₱2,300.00 LED Bulb 1
pc/s 160 Blade (Eurolux Spiral 10W) ₱160.00 Kitchen Cabinet 1 pc/s 6,149
Creazions (KF-2609) ₱6,149.00 Flower Vase 1 pc/s 118 All About
Home ₱118.00 MASTERS BEDROOM LED Bulb 1 pc/s 160 Blade (Eurolux
Spiral 10W) ₱160.00 Wall Decor (60x40cm 3D) 1 pc/s 459 Beautiful Angel
Baby ₱459.00 Couch 1 pc/s 2,500 Affordahome Furniture ₱2,500.00 Vanity
Kit 1 pc/s 1,488 Strong ₱1,488.00 Closet 1 pc/s 2,399 Exinhome
Store ₱2,399.00 Flower Vase 1 pc/s 118 All About Home ₱118.00 Lamp
Shade 1 pc/s 287 All About Home ₱287.00 King Size Bed 1 pc/s 13,500
Thomas and Thomas ₱13,500.00 TOILET (MASTERS BEDROOM) Towel
holder 1 pc/s 368 All Home (Ba-8905) ₱368.00 Shower Curtain 1 pc/s 339
TOAO Official Store ₱339.00 Shower Head 1 pc/s 199 Useful Online
Store ₱199.00 Faucet 2 pc/s 390 Mercado Hardware ₱780.00 Water Closet 1
set 6,799 All Home ₱6,799.00 LED Bulb 1 pc/s 160 Blade (Eurolux Spiral
10W) ₱160.00 2ND ROOM LED Bulb 1 pc/s 160 Blade (Eurolux Spiral
10W) ₱160.00 Queen Size Bed 1 pc/s 14,300 Doin Furniture
Trading ₱14,300.00 Lamp Shade 1 pc/s 287 All About Home ₱287.00 Closet
1 pc/s 2,399 Exinhome Store ₱2,399.00 Wall Decor (60x40cm 3D) 1 pc/s 459
Beautiful Angel Baby ₱459.00 LIVING ROOM Chandelier 1 pc/s 1,198 SOLO
Lighting ₱1,198.00 Couch 1 pc/s 2,500 Affordahome Furniture ₱2,500.00
Sofa Set 1 set 7,599 Shasha Furniture ₱7,599.00 Wall Decor (121x72cm 3D)
1 pc/s 2,599 Beautiful Angel Baby ₱2,599.00 LED Bulb 1 pc/s 160 Blade
(Eurolux Spiral 10W) ₱160.00 Pin Light 4 pc/s 150 Apollolighting.ph ₱600.00
TOILET (GROUND FLOOR) Towel holder 1 pc/s 368 All Home (Ba-
8905) ₱368.00 Shower Curtain 1 pc/s 339 TOAO Official Store ₱339.00
Shower Head 1 pc/s 199 Useful Online Store ₱199.00 Faucet 2 pc/s 390
Mercado Hardware ₱390.00 Water Closet 1 set 6,799 Exinhome
Store ₱6,799.00 LED Bulb 1 pc/s 160 Blade (Eurolux Spiral 10W) ₱160.00
VERANDA Pin Light 6 pc/s 150 Apollolighting.ph ₱900.00 Total 98,249.00
Table 12: Schedule 3 :Villa Supplies Supply Quantity Units Unit Price (in
pesos) Brand or Origin Total Cost KITCHEN Spoon and Fork 1 dozen 199 Yz-
Collection ₱199.00 Dining Plates 2 dozen 329 Yinshine ₱658.00 Soup bowls
2 dozen 91 Yinshine ₱182.00 Saucers 2 dozen 87 Kimigo ₱174.00 Frying pan
1 set 2,362 Charlsie Mall ₱2,362.00 Cookware 1 set 1299 All about
house ₱1,299.00 Mug 1 dozen 183 Yuzi ₱366.00 Drinking glass 1 dozen 180
Precious Star ₱360.00 Can Opener 2 pc/s 55 Star Market ₱110.00 Pot
holders 1 dozen 60 CNC Online ₱60.00 Wooden Pad Heat 5 pc/s 15
Lucky.nan ₱75.00 Knife Set 1 set 155 SJK Trading ₱155.00 Chopping board
(20x30) 2 pc/s 75 Neuchi Shop ₱150.00 Cooking utensil 1 set 355 Kira Home
Life Store ₱355.00 Tongs (14 inch) 5 pc/s 59 King Kitchenwares ₱295.00
Rice Dispenser 1 pc/s 714 DHD Shop ₱714.00 Condiments glass container 1
set 300 Paraparshop ₱300.00 Garbage Bin 2 pc/s 99 Creative Home ₱198.00
MASTERS BEDROOM Bed Sheets (king size) 10 pc/s 178
Enxy.ph ₱1,780.00 Pillow Case (2pcs/set) 1 dozen 129 Enxy.ph ₱1,548.00
Pillow (2pcs/set) 1 dozen 95 Enxy.ph ₱1,140.00 Bed Mattress (king size) 4
pc/s 501 Comfortable home ₱2,004.00 Curtains (100x210cm) 10 pcs 48
Room Decor Store ₱480.00 Hanger 2 dozen 55 Glampots ₱110.00 Garbage
Bin 2 pc/s 99 Creative Home ₱198.00 Throw pillow(15x15) 1 dozen 40 Cover
4 All ₱480.00 Throw pillow case (15x15) 2 dozen 25 Happy You ₱600.00
TOILET (MASTERS BEDROOM) Tissue Dispenser 1 pc/s 98 Dol
Shop ₱98.00 Roll Tissue (12pcs/pack) 120 pcs 109 Shopee
Supermarket ₱1,090.00 Garbage Bin 2 pc/s 99 Creative Home ₱198.00 2ND
ROOM Bed Sheets (queen size) 10 pc/s 161 Enxy.ph ₱1,610.00 Pillow Case
(2pcs/set) 1 dozen 129 Enxy.ph ₱1,548.00 Pillow 1 dozen 95
Enxy.ph ₱1,140.00 Bed Mattress (queen size) 4 pc/s 501 Comfortable
home ₱2,004.00 Curtains (100x210cm) 10 pcs 48 Room Decor Store ₱480.00
Hanger 2 dozen 55 Glampots ₱110.00 Garbage Bin 2 pc/s 99 Creative
Home ₱198.00 Throw pillow(15x15) 1 dozen 40 Cover 4 All ₱480.00 Throw
pillow case (15x15) 2 dozen 25 Happy You ₱600.00 LIVING ROOM Fire
Extinguisher (10 lbs.) w/free bracket 1 pc/s 880 Safetech Unlimited ₱880.00
Floor Map w/spinner 1 pc/s 269 A1 Supermarkets ₱269.00 Curtains 215cm x
140cm) 8 steal rings 10 pc/s 189 Curtain Kevin ₱1,890.00 Garbage Bin 2 pc/s
99 Creative Home ₱198.00 TOILET (GROUND FLOOR) Tissue Dispenser 1
pc/s 98 Dol Shop ₱98.00 Roll Tissue (12pcs/pack) 120 pcs 109 Shopee
Supermarket ₱1,090.00 Garbage Bin 2 pc/s 99 Creative Home ₱198.00
VERANDA Garbage Bin 2 pc/s 99 Creative Home ₱198.00 Total 30,729.00
Table 13: Schedule 4 : Resort Outdoor Equipment Equipment Quantity Units
Unit Price (in pesos) Brand or Origin Total Cost Traditional Garden Lamp post
(Led Solar) 11 pc/s 1,024 Dolceies ₱11,264.00 Table 14: Schedule 5 : Resort
Outdoor Furniture and Fixtures Furniture Qty Units Unit Price Brand Origin
Amount Beach chair 5 pcs 2500 12500 Total 12500 Table 15: Schedule
6 :Office Equipment Office ( Equipment) Qty Units Unit Price (in pesos) Brand
or Origin Total Cost TV 1 pc/s 17,349.00 Samsung 32" HD T4300 Smart TV
17,349.00 Monitor 2 pc/s 9,800.00 Viewplus Monitor ml-27CK 144HZ 2KVa
19,600.00 Computer 1 set 21,933.00 Acer 21,933.00 CCTV 2 pc/s 1,990.00
MIDAS 3,980.00 Printer 1 pc/s 4,300 HP 2520hc 4,300.00 Refrigerator 1 pc/s
12,248 FUJIDENZO 6 cu. 12,248.00 Electric fan 1 pc/s 677 KEYCOOL
677.00 Aircon 1 pc/s 8,950 HANABISHI HWTAC-06U 8,950.00 Stove 1 pc/s
1,619.00 Superm 1,619.00 wireless Router 1 pc/s 1,790.00 Ruijie Reyee RG-
EW1200G PRO AC1300 802 1,790.00 Generator 1 pc/s 59,000 INGCO
GSE60001 59,000 Communication Radio 2 pc/s 2,517 Motorola 20W
5,034.00 Telephone equipment 1 pc/s 485 Corded Telephone KX-T885CID
N.INC 485.00 Fire alarm bell 1 pc/s 359 no. brand 359.00 TOTAL 157,325
Table 16: Schedule 7: Recreational Activity Equipment Recreational activity
(Equipment) Qty Units Unit Price (in pesos) Brand or Origin Total Cost Chiller
1 pc/s 20,477.67 Fujidenzon 9.0 Cu.Ft Upright Chiller SU-90A 20,477.67
Electric fan 2 pc/s 677 KEYCOOL 1,354 CCTV 2 pc/s 1,990.00 MIDAS
3,980.00 Platinum set 1 pc/s 20,599 Cello 2 20,599 Router wifi 1 pc/s
1,790.00 Ruijie Reyee RG-EW1200G PRO AC1300 802 1,790.00 Aircon 1
pc/s 8,950 HANABISHI HWTAC-06U 8,950 TV 1 pc/s 17,349.00 Samsung 32"
HD T4300 Smart TV 17,349.00 Communication Radio 1 pc/s 2,517 Motorola
20W 2,517 Fire alarm bell 1 pc/s 359 no. brand 359.00 TOTAL 77,375 Table
17: Schedule 8 :Guard House Equipment Guard House (equipment) Quantity
Units Unit Price (in pesos) Brand or Origin Total Cost Monitor 2 pc/s 9,800.00
Viewplus Monitor ml-27CK 144HZ 2KVa 19,600.00 Computer 1 set 21,933.00
intel 21,933.00 Electric fan 1 pc/s 677 KEYCOOL 677 Electric kettle 1 pc/s
299 ORIGINAL Stsinless Steel 299 Router wifi 1 pc/s 1,790.00 Ruijie Reyee
RG-EW1200G PRO AC1300 802 1,790.00 CCTV 1 pc/s 1,990.00 MIDAS
1,990.00 Communication Radio 3 pc/s 2,517 Motorola 20W 2,517 TOTAL
48,806 Table 18: Schedule 9: Storage Equipment Storage (Equipment
Quantity Units Unit Price (in pesos) Brand or Origin Total Cost CCTV 1 pc/s
1,990.00 MIDAS 5,990.00 Electric fan 1 pc/s 677 KEYCOOL 677 TOTAL
6,667 Table 19 : Schedule 10: Office Furniture and Fixtures Office Furniture
and Fixtures Quantity Units Unit Price (in pesos) Brand or Origin Total Cost
Desk 2 pc/s 769 Richtown 1,538 Chairs 2 pc/s 200 Mandaue Foam 400 Office
chair 2 pc/s 398 Richtown 796 Filing cabinet 1 pc/s 2,888 Casa Furniture
1,609 Sopa 1 set 5,000 Bonny furniture 5,000 Pin light 4 pc/s 77 Gpower 308
Total 9,651 Table 20: Schedule 11: Recreational Activity Furniture and
Fixtures Recreational Activity Furniture and Fixtures Quantity Units Unit Price
(in pesos) Brand or Origin Total Cost Bordura Sofa 1 set 19,500 Bonny
Furniture 19,500 TV rack 1 pc/s 766 Tendon 766 couch 1 pc/s 2,888 Wood
Fabric 2,888 Cabinet 2 pc/s 279 EXINHOME 279 Pin ;light 2 pc/s 77 Glower
154 Total 23,587
Table 21 : Schedule 12 : Guard House Furniture and Fixtures
Gourd House Furniture and Fixtures Qty Units Unit Price (in pesos) Brand or
Origin Total Cost Table 1 pc/s 1,799 HOME CHOICE 1,799 Filing Cabinet 1
pc/s 2,888 Casa Furniture 2,888 Couch 1 pc/s 2,888 Wood Fabric 2,888 Chair
1 pc/s 200 Mandaue Foam 200 Receptacle bulb 2 pc/s 143 PHILIPS 286
Total 8,061 Table 22: Schedule 13 : Storage Furniture and Fixtures Storage
Furniture and Fixtures Qty Unit Unit Price (in pesos) Brand or Origin Total
Cost Wall fan 4 pcs 1055 Asaki 4,220.00 Receptacle 4x4 6 pcs 45 Royu
270.00 Total 4,490.00 Table 23: Schedule 14: Office Supplies Office
(supplies) Qty Units Unit Price (in pesos) Brand or Origin Total Cost Bond
Paper 2 ream 190 HARD COPY 380 Puncher 1 pc/s 124 National book store
124 Pen 1 gross 59 National book store 59 Folder 25 pc/s 13 National book
store 325 White board 18x12 1 pc/s 355 National book store 355 White board
marker 1 box 299 HBW 299 Stapler 1 pc/s 149 HBWOffice 9949 149 Scissors
1 pc/s 99 B&e 99 Envelop 25 pc/s 8 National book store 200 Desk Organizers
1 pc/s 329 National book store 329 Light bulb 8 pc/s 58 ECOSHIT 464 TOTAL
2,783 Table 24: Schedule 15:Recreational and Activity Supplies Recreational
activity (supplies) Quantity Units Unit Price (in pesos) Brand or Origin Total
Cost Toilet Bowl Cleaner 4 gal 650 No. Brand 2,600 Tissue paper 10 pack
220 Femme 2,200 Toilet Brush 10 pc/s 100 UNITOP 1,000 Mop 12 pc/s 599
HOME GALLERY 7,188 Paper towel 100 pc/s 50 Femme 5000 Bucket 2 pc/s
172 UNITOP 344 Disinfectant 3 gallon 489 BestLab Natural Disinfectant 1,467
Hand soap 5 liters 446 Safeguard 2,230 Light bulb 5 pc/s 58 ECOSHIT 290
TOTAL 22,319 Table 25. Schedule 16: Storage Supplies Storage (supplies)
Qty Units Unit Price Brand or Origin Total Cost Light bulb 20 pc/s 58
ECOSHIT 1160 Total 1160 Table 26: Schedule 17: Guard House Supplies
Guard House (supplies) Qty Units Unit Price (in pesos) Brand or Origin Total
Cost Logbook 10 pc/s 137 national bookstore 1,370 Battery (2A) 1 box 258
Kingever 258 Flashlight 6 pc/s 205 Tolsen 1,230 Light bulb 4 pc/s 58
ECOSHIT 232 TOTAL 3,090 Entrance Figure 9 There will be two entrance in
the resort, the first entrance is where the guest can see the office and the
reception area. It is also the place where in the 2 bedroom house entrance is
located. Another entrance is on the eastern part of the resort where in the
campsite and function hall are located.
Figure 10. Parking Area Parking Area There will be two parking area for the
guests, one is located on the western part of the resort near the private
compound and the other one is on the eastern part where the second
entrance is located. Office
The office will be located on the western part of the resort nearby the first
entrance. Wherein reception area is can be seen.
Figure 11. Office Storage Storage area will be located at the back end of the
resort , on the north-western part.It is a place where the stocks and other
fixtures like monoblock chairs, extra mattress etc. are stored. Figure 12.
Storage Room Recreational Activity Recreational area is located in the
northern part of the resort, wherein guests can enjoy their vacation or holiday
doing sports and recreational activity. It has billiard hall, table tennis, dart and
even KTV room where guest can truly enjoy without any worry. Outdoor
activities like wall climbing, basketball, volleyball and badminton can also be
done. Figure 13: Recreational Activity (Outdoor) Figure 13.1 Indoor
Recreational House Camping Site Figure 14. Camping Site This is a place
wherein guests can enjoy camping experience. The guest can freely go
camping in front of the bonfire wherein they can also request to watch movies
outdoor. Figure 15. Pond
It will be located nearby the recreational area, it will serve and add attraction
for guests who would like to do the photoshoot in the resort. Figure 16.
Function Hall Function hall is a place where the customers can invite their
guests or visitors. It has 138sqm that can accommodate up to 150 persons. It
has dirty kitchen, sounds and nearby comfort room. Figure 17. Comfort Room
Comfort room is located nearby the function hall wherein it can be easily seen
by the guests. It has two room that has room for ladies and gentlemen. Figure
18. Guard House The resort guard house will serve s the residence of the
security guard. It is located nearby the second gate of the resort wherein
monitors are stored for easily monitoring to make sure that every guest is
safe. Figure 19. Villa It is located near the first entrance. It is a 2 bedroom
house wherein family, honeymooners can enjoy their stay. It has a pool and
nipa hut which can add to their joyful experience. The villa is serves as the
guest’s residence while they are staying at the resort. It has 2-bedrooms that
are fully furnished. All appliances are can be use by the guests as long as
they will take good care of it. Figure 20. Swimming Pool Swimming pool is one
of the most popular among staycation. It is usually the number one that is
asked by the guests. The resort swimming pool is located nearby the villa
wherein guests can soak into the water and enjoy their moments. Figure 21.
Nipa Huts The resort has two nipa huts that will serve as the relaxation area of
the guests. It is Made of bamboo that add to the good sense and character of
the person. Figure 22. Waste Disposal Waste disposal is one of the most
important things that the business owner should consider. The waste Disposal
of the business is located in the upper corner of the resort. It is made up of
concrete where in garbage is segregated. Utilities Electricity Electricity is a
vital things that is needed by a business. Meralco is the one who will provide
the electricity of the business so that it will have a good and smooth sailing
business. Figure 23.Source of Electricity Water Supply Sariaya Water Works
System is the number one source of water in the town of Sariaya, Quezon.
Figure 24. Source of Water Telecommunication The network Smart is the best
network in terms of communication in the business location. Since there is no
other Internet service provider available. It comes with a free mobile phone
that is free upon purchasing their internet service which get a maximum of
100mbps. Figure 25. Source of Communication Waste Disposal System In
reality, waste disposal system is a big challenge in operating the proposed
business, because even though burning of wastes is a violation of Ecological
Solid Waste Management Act or RA 9003 in which any violators of RA 9003
shall be subjected to criminal proceedings, many of the residence in this place
still burn their wastes as a way to eliminate them. It is because many of the
people living there are too far to the place where in the garbage collector can
reach them. That is why most of them have their own disposal system which
is made of concrete wherein they can burn them. As for the proposed
business. The waste is segregated into different category wherein, waste food
can be given to hog growers, biodegradable is is separated to be use in a
compost pit and finally the waste materials such as plastics and other non-
biodegrable will be put into the garbage bin that is made of concrete and burn
into ashes. Direct Labor Requirements For the fact that the proposed
business is belong to the hospitality industry, the qualification for its
employees doesn’t need to be of high standard especially for the operating
purpose. As for the admin job, in which it is should be manage by those who
are good at communication, it is preferably be a graduate of any 4 year course
that specializes and knows how to communicate with other people, with good
excellent communication skill and is know how to represent a company as a
whole. For the front-desk officer position, the employee should be a graduate
of any business course that knows and specializes on how to navigate all
social media platform. He or she should be good enough on how to
disseminate information and create good and appropriate advertisement that
generates customers and profit. Employees that will be under the operating
purpose don’t need to be of a graduate of any college degree, but should be
skilled, responsible, reliable and honest in order to fulfill their duties and
positions. Table 27. Presented the Direct Labor Salary Cost Position No. of
Employees Monthly Salary Annual Salary Operation Manager 1 18,240
218,880 Front Desk Officer 1 12,750 153,000 Housekeeper 2 11,550 277,200
Helper 3 11,550 415,800 Maintenance 2 11,550 277,200 Security Guard 4
13,200 633,600 Grand Total 13 1,975,680 The table shows the direct labor
salary cost for the employees to operate the proposed business. Operation
manager rate and front desk officer are computed in a monthly basis while
skilled workers are computed in a daily basis equivalent to 385 pesos as
mandated by the DOLE. All monthly salaries were multiplied by 12 months
resulting to the amount of 1,975,680 for an annual cost for the direct labor
cost.
Chapter V ORGANIZATION and MANAGEMENT FEASIBILITY This chapter
aims to assess the prowess of management sufficiency of resources to bring
a product or idea to the market. It will show what kind of business ownership
does the proposed business has. Organization and management feasibility is
vital as it defines a business corporate and legal structure. It may include data
on the business owner’s professional background, its business principal and
the skills that will be contributed to the functions of the business. Objectives of
the management Study To determine the business structure’s description To
identify how much capital is needed in establishing the proposed business. To
enumerate different form of income and expenses To know how much the
operating cost and expenses will be To identify the business liquidity ,and
profitability To propose organizational policy To indicate different ways to
promote the business To determine the legal requirements in establishing the
proposed business To identify different equipment, furniture and fixtures and
office supplies needed by the proposed business. Name of Business and
Form of Business Ownership Types of Business Ownership The proposed
business will be known to the name of Prosperous Urban Escape Private
Resort and Event Place will use a partnership form of business organization
because according to Bottorff (2022) having a partner means that you are not
doing all the work alone. This means that you can reduce the number of hours
spent on the job because you know that the work is getting done. Partnerships
can allow you to create a better work-life balance. Partnership is one of the
oldest forms of business organization. It is a type of business where two or
more individuals come together to form a company and share profits and
losses equally. The partnership form of business is popular among small
businesses, especially those that require specialized skills or expertise.
Partnerships offer several advantages over other forms of business
organizations. For instance, they are easy to set up and require less capital
than corporations. Additionally, partnerships allow for shared decision-making,
which can lead to better decision-making and increased efficiency. The
advantages of a Partnership as stated by Marcus Lemons (2022) are listed
below: Sharing responsibilities, so one owner doesn't have to do everything.
Broader base of skills, knowledge and experience. Lower start-up costs for
each partner. Additional capital to grow the business. Greater capacity to
borrow money from a bank or other lender. Top-performing employees can be
rewarded by being named partners. Capitalization The capitalization of
Prosperous Urban Escape Resort and Event Place is ---- to start up the
business operation. The source funds of the partners are from their
compensation income, investment income and other passive income. Table
28.List of Partners of Prosperous Urban Escape Private Resort and Event
Place Name Nationality Address Percentage of Ownership Danez, Jacquelyn
Filipino B61 L10 Leveriza Subd. Brgy Isabang Tayabas Quezon
33.34%
Esteroza, Princess Zarrah
Filipino
L16 B2 River Pointe silver Creek Lucena City
33.33 %
Lopez, Milania
Filipino
Purok Talabis Iba. Iyam 33.33% The table shows the list of the partners of
Prosperous Urban Escape Private Resort and Event Place including their
names, Nationality, address as well as their percentage of ownership.
Organizational Structure Figure 26 Organizational Chart Organizational charts
is a diagram that visually conveys a company’s internal structure by giving the
detailed roles, responsibilities and relationship between individuals within an
organization (Investopedia). Manpower Requirements Table 29. Proposed
Number of Employees Position Title Number of Employees Operation
Manager 1 Front Desk Officer 1 Housekeeper 2 Utility Helper 3 Maintenance
2 Security Guard 4 Total Number of Employees 13
The table shows the proposed number of employees that is needed by the
proposed business. Table 29.1 Job Description and Job Specification Position
Qualifications Duties and Responsibilities OPERATION MANAGER Manage
overall operations and is responsible for the effective and successful
management of labor, productivity, quality control, and safety measures as
established and set for the Operations Department. Female Bachelor’s or
College Degree Marketing Management, Hotel and Restaurant Management
graduate and NCIII passer At least 1 year working experience in related field
is required for this position Good command, oral and written communication
Excellent management and supervisorial skills Provide inspired leadership for
the organization. Make important policy, planning, and strategy decisions.
Develop, implement, and review operational policies and procedures. Ensure
all legal and regulatory documents are filed and monitor compliance with laws
and regulations. Oversee budgeting, reporting, planning, and auditing.
FRONT DESK OFFICER Responsible for greeting and welcoming guests,
receiving and delivering all incoming and outgoing mail and packages,
answering all calls and directing as needed, scheduling meetings, and
coordinating office activities. Male or Female Graduate of 4 years business
course Marketing experience is a must Good command, oral and written
communication Managing online and phone reservations Informing customers
about payment methods and verifying their credit card data Register guests
collecting necessary information (like contact details and exact dates of their
stay) Provide information about our hotel, available rooms, rates and
amenities Respond to clients’ complaints in a timely and professional manner
HOUSEKEEPER Responsible for taking care of a building’s general
cleanliness to provide tidy and sanitary amenities to guests and residents.
Their duties include cleaning floors, making beds and dusting surfaces
throughout a home or other building. Male or Female At least vocational
graduate with tesda certificate NCIII Food and Beverage knowledge is a must
Proven experience as a Cleaner or Housekeeper Ability to work with little
supervision and maintain a high level of performance Customer-oriented and
friendly Provide basic housekeeping duties including changing the sheets,
changing and arranging the towels, restocking toilet supplies, vacuuming,
dusting and rearranging the room after guests check out. Report and return
any guest properties found in the rooms while rendering service. Maintain a
positive relationship with employees and guests. Monitor and report on the
inventory of cleaning supplies. Assist with laundry management, including
washing, drying, ironing and sorting linen. HELPER Provide overall assistance
in the house. They are usually assigned to do household chores such as
cleaning the house, doing the laundry, cooking meals, and tending the
garden. They may also be assigned to do groceries or even drive the guest
around. Male or Female At least high school graduate Previous experience in
a similar role is preferred Willingness to work a variety of hours and days,
including weekends Physical ability to remain standing for most of the day
Managing the general housekeeping chores and running errands. preparing /
cooking meals. Cleaning the employer’s office / workplace / store /
warehouse. Delivering / handling documents. MAINTENANCE A professional
who keeps buildings running smoothly. They can fix everything from roofs,
windows and floors to doors. They also maintain specialized, high value
equipment like machines used for laundry on their own. Male High school
diploma or general education degree (GED). Ability to take apart machines,
equipment, or devices to remove and replace defective parts. Ability to use
common tools such as hammers, hoists, saws, drills, and wrenches.
Experience with precision measuring instruments or electronic testing devices.
Performing cleaning activities such as dusting, mopping etc. Performing minor
fixes such as repairing broken locks. Checking control panels and electrical
wiring to identify issues. Conducting routine inspections of premises and
equipment. Overseeing contractors when professional repairs are necessary.
SECURITY GUARD Secures premises and personnel by patrolling property,
monitoring surveillance equipment, and access points. Investigates security
breaches, incidents, and other alarming behavior. Controls traffic by directing
drivers. Completes reports by recording observations, information,
occurrences, and surveillance activities. Male Padpao member, NSGC Must
undergo a pre-licensing training course (PLTC) at any accredited training
center. Attain at least a high school diploma. A graduate degree in criminology
is advantageous. Must be between 19 to 50 years old, and should be both
physically and mentally fit. Atleast 5 feet and 4 inches in height Obtain a
License to Exercise Security Profession (LESP) from the Supervisory Office
for Security and Investigation Agencies (SOSIA). Pass the general knowledge
exam (GKE). Ensure that guests sign in upon arrival and exit. Make guests
aware of rules that must be adhered to. Remove trespassers or unwanted
individuals from the property. Contact the relevant authorities if a crime is
committed or an accident occurs. Record any suspicious activities to the
supervisor.
Compensation Table 29.2 Proposed Salaries of Employees Position No. of
Employees Monthly Salary Annual Salary Operation Manager 1 18,240
218,880 Front Desk Officer 1 12,750 153,000 Housekeeper 2 11,550 277,200
Helper 3 11,550 415,800 Maintenance 2 11,550 277,200 Security Guard 4
13,200 633,600 Grand Total 13 164,640 1,975,680 The table shows the
monthly, annually salaries and wages it also represents the required number
of employees per position. The managerial positions are at fixed salaries
which are based on industrial standard. The rank-and-file positions are
computed based on minimum daily wage prescribes by Department of Labor
and Employment in CALABARZON. Each employee is given a day of work off
which result to six days working per week. Each employee will receive
salaries in cash according to the number of days they worked in the company.
The Philippine Labor Code, also known as Presidential Decree No. 442, 2021,
is a decree that establishes a labor code by revising and consolidating labor
and social laws in order to provide labor protection, promote employment and
human resource development, and ensure industrial peace based on social
justice. Art. 82. Coverage. Employees in all establishments and undertakings,
whether for profit or not, are covered by the provisions of this Title, except
government employees, managerial employees, field personnel, members of
the employer's family who are financially dependent on him, domestic helpers,
persons in the personal service of another, and workers who are paid by
results as determined by the Secretary of Labor in appropriate regulations.
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"Managerial personnel,"
as used above, relate to individuals whose major responsibility is to manage
the establishment in which they work, or a department or subdivision thereof,
as well as other officers or members of the managerial staff. Non-agricultural
employees who routinely perform their tasks away from the employer's major
place of business or branch office and whose actual hours of work in the field
cannot be identified with reasonable certainty are referred to as
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"field personnel."
Secretary of Labor in appropriate regulations: Article 83 - Regular working
hours - states that an employee's normal working hours cannot exceed eight
(8) hours per day. This does not include the one-hour lunch break. Article 87
Overtime work - Work may be conducted for more than eight (8) hours per
day if the employee is paid an additional compensation equal to his usual
wage plus at least twenty-five percent (25%) of his regular wage. Article 99
Regional minimum wages - The Regional Tripartite Wages and Productivity
Boards shall set the minimum wage rates for agricultural and non-agricultural
employees and workers in each and every region of the country. (As amended
by Republic Act No. 6727, Section 3, June 9, 1989) Article 102 Payment
Methods - No employer shall pay an employee's wages in promissory notes,
vouchers, coupons, tokens, tickets, chits, or any other object other than legal
currency, even if the employee specifically requests it. Minimum wage earners
in private establishments in CALABARZON earned a basic wage raise of
P9.00 to P24.50 with the implementation of Wage Order No. 2021, according
to the Department of Labor and Employment. On April 28, 2018, IVA-18 was
held. The new minimum wage now ranges between P317 and P400.
Employee salaries are based on similar manufacturing companies in the
proposed business of some feasibility study research paper Mandated
Benefits Table 29.3 Breakdown of Mandated Benefits Designation No. of
Employee Monthly Salary Total Salary SSS Phil Health PAG-IBIG Operation
Manager 1 18,240 18,240 1,787.5 400 100 Front Desk Officer 1 12,750
12,750 1,197.5 400 100 Housekeeper 2 11,550 23,100 1,055 400 100 Helper
3 11,550 34,650 1,055 400 100 Maintenance 2 11,550 23,100 1,055 400 100
Security Guard 4 13,200 52,800 - - - Total 13 164,640 10,370 3,600 900
The table 29.63shows that breakdown of mandated benefits that should be
given by the employer to its designated employees. SSS is like an insurance
program mandated by the government to all income earners or workers in the
Philippines. All income earning SSS members are required to contribute
monthly into the fund, the amount depend on their salary bracket. In exchange
for the said monthly contributions, member will enjoy insurance benefits such
as sickness, maternity, disability, retirement, death, funeral, and salary loan
(MPM Consulting Services Inc., 2020). Pursuant to Republic Act No. 11199,
otherwise known as Social Security Act of 2018 which includes provision that
increases the SSS Contribution rate effective January of the year of
implementation. PAG-IBIG Fund is a national savings program that was
created to provide affordable home loans for Filipinos. The program is also
known as The Home Development Mutual Fund (HDMF), which is a
government-owned and controlled corporation under the Housing and Urban
Development Coordinating Council (I Money Learning Center, 2020)
According to Philhealth (2019), the Philippine Health Insurance Corporation
(PhilHealth) is a Government Owned and Controlled Corporation (GOCC)
created through the National Health Insurance (NHI) Act of 1995 or Republic
Act 7875. It is the administrator of the National Health Insurance Program
(NHIP) which was established to provide health insurance coverage for all
Filipinos and ensure affordable, acceptable, available, and accessible health
care services for all citizens of the Philippines. Work Policy Management is
firmly committed to a policy enabling all work activities to be carried out safely,
and with all possible measures taken to remove (or at least reduce) risks to
the health, safety and welfare of workers, customers, visitors, and anyone
else who may be affected by the resort's operations. It is the management's
responsibilities to maintain and ensure employees the following: A safe
working environment Safe systems of work Facilities for the welfare of
workers Information, instruction, training and supervision that is reasonably
necessary to ensure that each worker is safe from injury and risks to health A
commitment to consult and co-operate with workers in all matters relating to
health and safety in the workplace A commitment to continually improve our
performance through effective safety management. The Labor Code of the
Philippines stands as the law governing employment practices and labor
relations in the Philippines. It was enacted on Labor Day of 1974 by President
Ferdinand Marcos, in the exercise of his then extant legislative powers. It
prescribes the rules for hiring and termination of private employees; the
conditions of work including maximum work hours and overtime; employee
benefits such as holiday pay, thirteenth month pay and retirement pay; and
the guidelines in the organization and membership in labor unions as well as
in collective bargaining. Art.
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83. Normal hours of work. The normal hours of work of any employee shall
not exceed eight (8) hours a day.
Health personnel in cities and municipalities with a population of at least one
million (1,000,000) or in hospitals and clinics with a bed capacity of at least
one hundred (100) shall hold regular office hours for eight (8) hours a day, for
five (5) days a week, exclusive of time for meals, except where the exigencies
of the service require that such personnel work for six (6) days or forty-eight
(48) hours, in which case, they shall be entitled to an additional compensation
of at least thirty percent (30%) of their regular wage for work on the sixth day.
For purposes of this Article, “health personnel” shall include resident
physicians, nurses, nutritionists, dietitians, pharmacists, social workers,
laboratory technicians, paramedical technicians, psychologists, midwives,
attendants and all other hospital or clinic personnel. Art. 84. Hours worked.
Hours
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worked shall include (a) all time during which an employee is required to be
on duty or to be at a prescribed workplace; and (b) all time during which an
employee is suffered or permitted to work. Rest periods of short duration
during working hours shall be counted as hours worked.
Art. 86. Night shift differential. Every
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employee shall be paid a night shift differential of not less than ten percent
(10%) of his regular wage for each hour of work performed between ten
o’clock in the evening and six o’clock in the morning. Art. 87. Overtime work.
Work may be performed beyond eight (8) hours a day provided that the
employee is paid for the overtime work, an additional compensation
equivalent to his regular wage plus at least twenty-five percent (25%) thereof.
Work performed beyond eight hours on a holiday or rest day shall be paid an
additional compensation equivalent to the rate of the first eight hours on a
holiday or rest day plus at least thirty percent (30%) thereof.
Art. 93. Compensation for rest day, Sunday or holiday work. Where an
employee is made or permitted to work on his scheduled rest day, he shall be
paid an additional compensation of at least thirty percent (30%) of his regular
wage. An employee shall be entitled to such additional compensation for work
performed on Sunday only when it is his established rest day. When the
nature of the work of the employee is such that he has no regular workdays
and no regular rest days can be scheduled, he shall be paid an additional
compensation of at least thirty percent (30%) of his regular wage for work
performed on Sundays and holidays. Work performed on any special holiday
shall be paid an additional compensation of at least thirty percent (30%) of the
regular wage of the employee. Where such holiday work falls on the
employee’s scheduled rest day, he shall be entitled to an additional
compensation of at least fifty per cent (50%) of his regular wage. Where the
collective bargaining agreement or other applicable employment contract
stipulates the payment of a higher premium pay than that prescribed under
this Article, the employer shall pay such higher rate. Art. 94. Right to holiday
pay. Every worker shall be paid his regular daily wage during regular holidays,
except in retail and service establishments regularly employing less than ten
(10) workers;
The employer may require an employee to work on any holiday but such
employee shall be paid a compensation equivalent to twice his regular rate;
and
As used in this Article,
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“holiday”
includes: New Year’s Day, Maundy
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Thursday, Good Friday, the ninth of April, the first of May, the twelfth of June,
the fourth of July, the thirtieth of November, the twenty-fifth and thirtieth of
December and the day designated by law for holding a general election.
According to the National Wages and Productivity Commission, 2023,
Minimum wage earners in private establishments in CALABARZON received
a basic wage increase of P9.00 to P24.50 upon effectivity of Wage Order No.
IVA-18 on April 28, 2018. This brings the new minimum wage to a range of
P317 to P400 in non-agriculture; P303 to P372 in agriculture sector; and P303
in retail/service establishments regularly employing not more than 10 workers.
The new wage order brought all the minimum wage rates to levels not lower
than the region’s 2015 poverty threshold. Further, there will only be one rate
for the agriculture sector in each area and the remaining tranches under
Wage Order IVA-17 will also be given to minimum wage earners by 2020.
Wage Order No. RB IVA-18, which was published on April 15, 2018 in The
Philippine Star, allows exemption for distressed establishments and
establishments adversely affected by natural and human-induced calamities.
Legal Requirements Every business must consider the legal requirement
when starting a business. It is very vital so that the employees, guests and
clients are sure that the chosen company they have is strictly following the
rule. Especially in such industry that push economic growth. It has to make
sure that each employee is receiving a mandated compensation, benefits and
bonuses. The proposed business must ensure that the clients and guests has
enough supply of electricity and water that they need. It has to be sure that
each building and amenities are safe to as it undergo a thorough inspection by
the legal authorities. Table 30 List of Legal Requirements Government
Agency Documents Frequency of Payments Fee SEC Reservation of
Proposed Name Once 5,050 Filing Fee Once 18000 Legal Research Fee
Once 180 By Laws Once 1010 City Mayor’s Office Mayor’s permit Once 1800
Fire Inspection permit Once 649 Sanitary Permit Once 500 Community Tax
Once 150 Business Tax Once 200 Zoning Clearance Once 15,000 Health
Certification Certificate Once 250 Documentary Stamp Once 50 Solid Waste
Management Fee Once Barangay Barangay permit Once 350 BIR BIR
Registration Number Once 500 TIN Number Once Registration of Books,
Invoice and OR Once Annual Registration fee Once 2150 Application Fee
Once 2050 Certificate Fee Once 50 Documentary Stamp Tax Once 50 DTI
Certificate of Registration of Business Name Once 500 Total The table above
shows which government agency is needed in every documents and on how
much it cost and the frequency of application in a year. Chapter VI
FINANCIAL STUDY This chapter contains the financial analysis of the
organization. It will discuss different costs and expenses that the organization
is expecting to have. It assess and provides relativity between the financial
statement parts in order to get more and better information of the company’s
status in terms of financial. IT includes the total project cost, balance sheet,
income statement, cash flow, owner’s equity and break even analysis for the
next five years of operation. Objectives of Financial Study This study wants to
know the financial status of establishing a private resort in the northern part of
Sariaya Quezon. The proposed business aims to generate profit by providing
privacy and unique service that no other competitor has. 1. To show the total
capital needed to start the business. 2. To indicate the sources of funding the
business. 3. To determine the viability and profitability of the business. 4. To
show the calculation of the financial statements of the business for the next
few years. Total Project Cost Table 31. Total Project Cost Item Category Ref
Amount 1 Land 18 1,587,063 2 Concrete Fence 43 424,600 3 Villa 21
2,161,960 4 Function Hall 22 487,200 5 Office 23 310,300 6 Guard House 25
60,000 7 Storage House 24 140,650 8 Recreational House 39 1,119,400 9
Swimming Pool 20 543,750 10 Comfort Room 27 278,400 11 Fish Pond 28
47,125 12 Nipa Hut 26 90,000 13 Parking Area 44 178,350 14 Waste Storage
45 60,900 15 Office Equipment 30 157,325 16 Recreational Activity
Equipment 32 77,375 17 Guard House Equipment 34 102,225 18 Outdoor
Playground 29 1,042,550 19 Function Hall Equipment 33 21,440 20 Office
Furniture and Fixtures 40 9,6651 21 Recreational Activity Furniture and
Fixtures 39 23,587 22 Guard House Furniture and Fixtures 41 8,061 23
Function Hall Furniture and Fixtures 42 38,798 24 Resort Outdoor Equipment
35 11,264 25 Resort Furniture and Fixture 37 12,500 26 Storage Furniture
and Fixtures 13 4,490 27 Villa Furniture and Fixture 38 98,249 Total
9,210,317 (NOTE; the
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“REF”
or reference column represents the schedule/ table number to locate the
detailed computation of the said accounts) Initial Capital Requirements The
Prosperous Urban Escape Private Resort and Event Place has an estimated
cost of 6,473,254 to begin with the business. It comes from the initial
investments of the partners Table 32. Initial Capital Requirement Name of
Partners Ownership Invested Amount Jacquelyn A Danez 33.34% 2,769,248
Milania R. Lopez 33.33% 2,769,248 Princess Zarrah M. Esteroza 33.33%
2,769,248 Total 100% 8,307,744 Table 33. Source of Financing Name of
Partner Source of Funds Jacquelyn A. Danez Business Income,
Compensation Income, Passive Income Milania R. Lopez Compensation
Income, Inheritance Princess Zarrah M. Esteroza Inheritance, Other Business
Income Financial Assumptions General Assumptions Prosperous Urban
Escape Private Resort and Event Place will be registered in the SEC or
Security and Exchange Commission. The main goal of the company is to
provide service to the customers in terms of giving unique and relaxing place
to offer. The proposed business will be located in Purok 3 Brgy. Mamala I
Sariaya, Quezon. The initial capital of the business is 8,307,744. There will be
a lot of customers that will come and visit the proposed business. All Cash
collections are remitted every day and on time and will be deposited to
company’s bank account. Financial Statements Table 34. Working Capital
REF Cost of Service 79 2,105,471.13 Administrative Expenses 79 378,357.28
Total 2,483,828.41 Less: Depreciation 80 488,876.41 Organizational
Expenses 81 21,340 Pre-Operating Expenses 82 53,249 Balance 1,920,363
Divided by: 2 Annual Expenses 960,181.5 Allowance for Contingencies
213,650 Working capital 1,173,832 Table 35 : Statement of Financial
Performance 1st year – 5th year Ref Pre- Operating year 2024 Service
revenue 86 - 7,422,000.00 Cost of service 86 - -2,385,663.37 Gross Profit -
5,036,336.63 Pre-operating expenses 34 -53,249.00 - Organizational
expenses 34 -21,340.00 - Operating expenses 86 - -2,385,663.37
Administrative Expense 34 - -398,206.98 Operating income before tax 38 -
74,589.00 2,252,466.28 Provision for income tax - -450,493.26 Net Profit 38 -
74,589.00 1,801,973.03
2025 2026 2027 2028 7,829,467.80 8,259,305.58 8,712,741.46 9,191,070.96
-2,341,183.94 -2,495,365.81 -2,555,412.87 -2,532,470.04 5,488,283.86
5,763,939.77 6,157,328.59 6,658,600.92 - - - - - - - - -2,341,183.94 -
2,495,365.81 -2,555,412.87 -2,532,470.04 -406,479.57 -419,632.97 -
429,931.48 -438,814.15 2,740,620.36 2,848,941.00 3,171,984.24
3,687,316.73 -548,124.07 -569,788.20 -634,396.85 -737,463.35 2,192,496.29
2,279,152.80 2,537,587.39 2,949,853.38 Table 36 : Statement of Financial
Position 1st year – 5th year REF Pre- Operating Year 2024 Assets Current
assets Cash 38 - 54,198.54 2,607,420.52 Unused supplies 38 - 1,420.76
Deferred input tax 84 1,110,476.04 223,256.71 Total current assets
1,056,277.50 2,832,097.98 Noncurrent assets Property, plant and equipment
31 9,210,317.00 8,462,404.35 Total noncurrent assets 9,210,317.00
8,462,404.35 Total Assets 10,266,594.50 11,294,502.33 Liabilities and
Partners' Equity Liabilities Current liabilities Utilities payable 69 - 14,298.00
VAT payable - - Income tax payable 38 - 112,623.31 Total current liabilities -
126,921.31 Total Liabilities - 126,921.31 Partners' Equity Danez, Capital 37
3,422,198.17 3,722,527.00 Lopez, Capital 37 3,422,198.17 3,722,527.00
Esteroza, Capital 37 3,422,198.17 3,722,527.00 Total Partners' Equity 36
10,266,594.50 11,167,581.01 Total Liabilities and Partners' Equity 36
10,266,594.50 11,294,502.33 2025 2026 2027 2028 Assets Current assets
Cash 4,699,889.59 6,652,686.95 8,709,134.74 10,962,995.54 Unused
supplies 1,491.79 1,566.38 1,644.70 1,726.94 Deferred input tax - - - - Total
current assets 4,701,381.38 6,654,253.33 8,710,779.44 10,964,722.48
Noncurrent assets Property, plant and equipment 7,714,491.69 6,966,579.04
6,218,666.38 5,470,753.73 Total noncurrent assets 7,714,491.69
6,966,579.04 6,218,666.38 5,470,753.73 Total Assets 12,415,873.07
13,620,832.37 14,929,445.82 16,435,476.21 Liabilities and Partners' Equity
Liabilities Current liabilities Utilities payable 15,012.90 15,763.55 16,551.72
17,379.31 VAT payable - 59,216.22 82,095.63 86,605.12 Income tax payable
137,031.02 142,447.05 158,599.21 184,365.84 Total current liabilities
152,043.92 217,426.81 257,246.57 288,350.27 Total Liabilities 152,043.92
217,426.81 257,246.57 288,350.27 Partners' Equity Danez, Capital
4,087,943.05 4,467,801.85 4,890,733.08 5,382,375.31 Lopez, Capital
4,087,943.05 4,467,801.85 4,890,733.08 5,382,375.31 Esteroza, Capital
4,087,943.05 4,467,801.85 4,890,733.08 5,382,375.31 Total Partners' Equity
12,263,829.16 13,403,405.55 14,672,199.25 16,147,125.94 Total Liabilities
and Partners' Equity 12,415,873.07 13,620,832.37 14,929,445.82
16,435,476.21 Table 37. Statement of Changes in Partner’s Equity Table 38.
Projected Cash Flow 1st year – 5th year REF Pre- Operating Year 2024 2025
Operating Activities Net Income (Loss) After Tax 38 -74,589.00 1,801,973.03
2,192,496.29 Adjustments Depreciation 70 - 747,912.66 747,912.66 Unused
supplies 36 - -1,420.76 -71.04 Deferred input tax 36 - 1,110,476.04
887,219.33 223,256.71 Utilities payable 36 - 14,298.00 714.90 VAT payable -
- - Income tax payable 36 - 112,623.31 24,407.70 Net cash provided by
operating activities -1,185,065.04 3,562,605.57 3,188,717.21 Investing
Activities Purchase of property, plant and equipment 31 -9,210,317.00 - - Net
cash used for investing activities 31 -9,210,317.00 - - Financing Activities
Initial investment of partners 92 10,341,183.50 - - Withdrawals of partners - -
900,986.51 -1,096,248.14 Net cash provided by financing activities 92
10,341,183.50 -900,986.51 -1,096,248.14 Net Increase in Cash Balance 38 -
54,198.54 2,661,619.06 2,092,469.07 Add: Beginning Cash Balance - -
54,198.54 2,607,420.52 Ending Cash Balance 38 -54,198.54 2,607,420.52
4,699,889.59 Continuation… 2026 2027 2028 Operating Activities Net Income
(Loss) After Tax 2,279,152.80 2,537,587.39 2,949,853.38 Adjustments
Depreciation 747,912.66 747,912.66 747,912.66 Unused supplies -74.59 -
78.32 -82.24 Deferred input tax - - - Utilities payable 750.64 788.18 827.59
VAT payable 59,216.22 22,879.42 4,509.49 Income tax payable 5,416.03
16,152.16 25,766.62 Net cash provided by operating activities 3,092,373.76
3,325,241.48 3,728,787.50 Investing Activities Purchase of property, plant
and equipment - - - Net cash used for investing activities - - - Financing
Activities Initial investment of partners - - - Withdrawals of partners -
1,139,576.40 -1,268,793.70 -1,474,926.69 Net cash provided by financing
activities -1,139,576.40 -1,268,793.70 -1,474,926.69 Net Increase in Cash
Balance 1,952,797.36 2,056,447.79 2,253,860.81 Add: Beginning Cash
Balance 4,699,889.59 6,652,686.95 8,709,134.74 Ending Cash Balance
6,652,686.95 8,709,134.74 10,962,995.54 List of Financial Schedule
Table 39: Property, Plant and Equipment – Carrying Amount and Depreciation
Property, Plant and equipment – Carrying Amount and Depreciation REF
2024 2025 2026 2027 2028 Land 18 1,587,063.00 1,587,063.00 1,587,063.00
1,587,063.00 1,587,063.00 Concrete fence 43 403,370.00 382,140.00
360,910.00 318,450.00 254,760.00 Villa 21 2,053,852.50 1,945,755.00
1,837,657.50 1,729,560.00 1,621,462.50 Function Hall 22 438,480.00
389,760.00 341,040.00 292,320.00 243,600.00 Office 23 279,270.00
248,240.00 217,210.00 186,180.00 155,150.00 Guard House 25 54,000.00
48,000.00 42,000.00 36,000.00 30,000.00 Storage House 24 126,585.00
112,520.00 98,455.00 84,390.00 70,325.00 Recreational House 39
1,007,460.00 895,520.00 783,580.00 671,640.00 559,700.00 Swimming pool
20 489,375.00 435,000.00 380,625.00 326,250.00 271,875.00 Comfort Room
27 250,560.00 222,720.00 194,880.00 167,040.00 139,200.00 Fish Pond 28
42,412.50 37,700.00 32,987.50 28,275.00 23,562.50 Nipa Hut 26 72,000.00
33,768.45 26,249.68 18,730.90 11,212.13 Office equipment 30 139,911.53
122,498.05 105,084.58 87,671.10 70,257.63 Parking Area 44 169,432.50
160,515.00 151,597.50 133,762.50 107,010.00 Waste Disposal 45 54,810.00
48,720.00 42,630.00 30,450.00 12,180.00 Recreational Activity Equipment 32
66,044 54,764 43,483 32,202 20,922 Guard House equipment 34 41,287
33,768 26,250 18,731 11,212 Outdoor Playground 29 912,231 781,913
651,594 521,275 651,594 Villa Equipment 31 96,072 85,698 75,323 64,948
54,573 Function Hall Equipment 33 18,317 15,194 12,071 8,948 5,825 Office
furniture and fixtures 40 7,957 6,262 4,568 2,873 1,179 Recreational Activity
Furniture and Fixture 39 18,867 14,147 9,427 4,707 -13.5 Guard House
Furniture and Fixtures 41 7,560 6,357 5,155 3,952 2,750 Resort Outdoor
Equipment 35 10,923 10,581 10,240 9,899 9,557 Storage Furniture and
Fixtures 13 11,946 3,381 2,827 2,272 1,718 Function Hall Furniture and
Fixtures 42 31,608 24,419 17,229 10,040 2,850 Resort Furniture and Fixtures
37 10937.5 9375 7812.5 6250 4687.5 Storage Equipment 36 85081.8
71914.6 58747.4 45580.2 32413 Villa Furniture and Fixture 38 5782.85 5071
4186.85 3302.7 2418.55 Total Carrying Amount 8,391,394 7,706,403
7,060,134 6,377,629 5,919,523
Table 40.Land Schedule 18
Land REF Amount Purchase Price 19 1,575,000 Transfer of Taxes 19 7,875
Register of Deeds 20 4188 Total Cost of Land 1,587,063 Table 41. Transfer of
Taxes Schedule 19
Transfer of Taxes Amount Purchase Price 1,575,000 Multiply by: 0.5% Total
transfer of taxes 7,875
Table 42: Register of Deeds Schedule 20 Amount Registration Fees 3938
Transfer of COT 100 Legal Fees 150 Total Register of Deeds 4188 Table 43:
Depreciation: Buildings and Facilities Depreciation Building and Facilities REF
No. of Sqm Cost Useful life Annual Depreciation Villa 21 32.46 sqm 1,500,000
20 75,000 Concrete Fence 43 1,750 sqm Recreational Activity (indoor) 39 30
sqm 750,000 10 75,000 Recreational Activity (outdoor) 29 435sqm 80,000 8
10,000 Storage Room 24 14sqm 38,000 10 3,800 Fish Pond 28 2sqm 20,000
10 2,000 Function Hall 22 138sqm 250,000 10 25,000 Comfort Room 27
2.5sqm 30,000 10 3,000 Swimming Pool 20 20sqm 250,000 10 25,000 Office
23 11sqm 100,000 10 7,500 Nipa Hut 26 4sqm 90,000 5 36,000 Guard House
34 8sqm 40,000 10 4,000 Total Annual Depreciation 266,300
Table 44: Accumulated Depreciation
Schedule 21: Villa REF 2024 2025 2026 2027 2028 Cost 31 2,161,950
2,161,950 2,161,950 2,161,950 2,161,950 Less:Accumulated Depreciation 21
108,098.50 216,195 324,292.5 432,390 540,487.5 Carrying Amount 39
2,053,853 1,945,755 1,837,658 1,729,560 1,621,463 Table 45; Accumulated
Depreciation – Function Hall Schedule 22
Function Hall Ref 2024 2025 2026 2027 2028 Cost 31 487,200 487,200
487,200 487,200 487,200 Less:Accu.Depreciation 22 48,720.00 97,440.00
146,160.00 194,880.00 243,600.00 Carrying Amount 39 438,480 389,760
341,040 292,320 243,600
Table 46: Accumulated Depreciation Office bldg... Schedule 23
Office Bldg. Ref 2024 2025 2026 2027 2028 Cost 31 310,300 310,300
310,300 310,300 310,300 Less:Accu.Depreciation 23 31,030.00 62,060.00
93,090.00 124,120.00 155,150.00 Carrying Amount 39 279,270 248,240
217,210 186,180 155,150 Table 47: Accumulated Depreciation- Storage
Room Schedule 24
Storage Room Ref 2024 2025 2026 2027 2028 Cost 31 140,650 140,650
140,650 140,650 140,650 Less:Accu.Depreciation 24 14,065 28,130 42,195
56,260 70,325 Carrying Amount 39 126,585 112,520 98,455 84,390 70,325
Table 48: Accumulated Depreciation – Guard House Schedule 25
Guard House Building Ref 2024 2025 2026 2027 2028 Cost 31 60,000 60,000
60,000 60,000 60,000 Less:Accu.Depreciation 25 6,000 12,000 18,000
24,000 30,000 Carrying Amount 39 54,000 48,000 42,000 36,000 30,000
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