A Feasibility Study On The Establishment of Nap Park at Khan Commercial Arcade, National Highway, Sibulan
A Feasibility Study On The Establishment of Nap Park at Khan Commercial Arcade, National Highway, Sibulan
Dumaguete City
By:
Dingal, Jemimah
accommodations are one of the country’s fastest growing businesses. In fact, the
Annual Survey of Philippine Business and Industry (ASPBI) results found out that during
the year 2015, hotels and motels garnered 8.4% in terms of “All Accommodation
Services” nationwide. The outlook for this kind of industry appears to be optimistic
because the demands for its services are expected to increase along with the growing
Dumaguete City and in Sibulan over the past of couple of years. Also, such significance
gives us, the researchers gives an idea of conducting a feasibility study of putting up a
The town of Sibulan has been experiencing economic and population growth.
One aspect that could prove such growth is the increasing number of restaurants,
resorts as well as the rise of the newest hospital in the province which is the Negros
Polymedic Hospital. The view of people having a hard time finding a place to rest and
study as well as assure quality and excellent service at a very reasonable price.
Related Literature
Though the name “motel” first appeared in 1926 (the “Milestone Mo-Tel” in San Luis
Obispo, California), the concept had developed steadily for almost a quarter of a
century. The history of the motel is directly linked to American car culture, which began
with the first affordable car, the Model T. The automobile and the freedom it represented
and provided touched the American spirit of adventure, individualism and exploration.
Privately owned cabins were being built as early as 1901. The first on record, “Askins
Cottage Camp” in Douglas, Arizona, was first constructed to house workers from the
nearby copper-smelting plant. As auto travelers began to show up the name was
changed to “Askins Tourist Court” then “Askins Auto Court.” A free two-bedroom shelter
was opened in 1914 in Delavan, Kansas, and boasted beds, cooking utensils, dishes
and cutlery.
After World War I, even more people were travelling, looking for work or migrating to
other parts of the country. Along major routes, such as the famous Route 66 from
Chicago to Santa Monica, numerous “cabin camps,” “auto courts” and the like sprang
up. Many were basic, but some were furnished and catered to the needs of travelers
with restaurants and gas stations. According to one source, in 1935 there were nearly
10,000 lodging facilities serving the varied needs of the auto traveler, from the rustic to
the elegant.
BENEFITS OF A MOTEL
Nowadays, motels are seen clustered everywhere. The benefits of motels are
conspicuous. The main perk would be the cheaper rates of motel rooms while compare
to other forms of accommodation. Motels can be ideal place for the budget travelers
who need lodging only as a place to sleep. Perhaps, this way, they can spend “saved”
money (from cheaper room rates of motels) on other worthwhile activities while on
vacation. However, location can play a significant role in determining the rates. For
instance, a spacious motel room in the countryside is likely to cost same as a smaller
Motels are relatively small establishments. But being small can be advantageous for
them as they are generally more serene places to enjoy the stay. Moreover, the staffs
can provide extensive personal care to each and every guest in the building, since the
guests will be relatively few. Hence, in these regards, motels prove to be a comfortable
In addition to, a motel is very accessible in a sense that it has generally two or three floors
which allow the guests to access their rooms in an instant. One doesn’t need to walk over long
stairways and lobbies or to wait for elevators just get one’s room.
DEFINITION OF A MOTEL
or Motor Inn, originally a hotel designed for persons travelling by automobile, with
convenient parking space provided. Motels serve commercial and business traveler and
persons attending conventions and meetings as well as vacationers and tourists. The
automobile became the principal mode of travel by 1950 in the United States and by the
1960s in Europe and Japan; and motels were built as near as possible to interstate
highways, just as hotels had been built as near as possible to railroad stations. Most
motels provide an informal atmosphere compared to hotels; often the guest transports
his own luggage to and from his room. Most but not all motels have facilities and many
This study aims to determine the feasibility of putting up Nap Park. This study will
This study will cover the population of people owning their own vehicles from different
places in the province and thus belong to the 18 and above age range that are expected
to avail the services of the proposed project. The data that will be gathered is true and
This study employs contribution to the different groups of agencies, to the development
who would be having a job on the implementation thereof, to the profitability of the
prospect proponents who will be pioneering the venture in the place, thus expected to
be enjoying the competitive advantage and the local tourists that will likely benefit on its
implementation.
employment. The implementation of the project will give direct and indirect benefits to
the community.
their convenience and accessibility to the service. This study will provide relaxation and
The Local Government: This study can provide additional income to the local
government through taxes the business will pay and at the same time provide
employment since the motel will hire qualified individuals to man the business.
Entrepreneur: The result of this study will give ideas to entrepreneur who will
The Academe: This study will be a relevant contribution to the aspiring business
as a source of related literature for those who want to do the same study.
The Researchers: The completion of this study will give happiness and
the reality of walking towards the broad path of the business world.
Research Methodology
This study comprises possible information that the researchers seek to determine; the
success and the failure of the proposed business. This study adopts the feasibility study
Research Design
The feasibility study has made the most several methods in gathering information. The
study started with the proposal of the advisers regarding how to start and conduct a
feasibility study. Additional information was also taken from the internet research,
personal ideas and a touch of modernization from the currently existing business.
Research Respondents
The main purpose of the proposed project of Nap Park is to open a market of affordable
the demand of customers, the researchers conducted interviews on the different kinds
of people, those who own their own vehicles and thus belong to the 18 and above age
Research Instrument
Questionnaires
This is one of the research instruments used by the researchers to gather data for the
tackles the different inquiries related to the aspect of management, marketing, technical,
Interviews
Conducting interviews is the fundamental sourcing of obtaining data, thus, through this,
we the researchers, gathers varied and first-hand information on how to start the
Research
Research is very essential in gathering data and a helpful tool in the aspect of our
feasibility study. We the researchers, collected data from secondary sources such as
blog articles and facts derived from a number of sites on the internet. The references
are a huge help on what strategies are effective in targeting the market.
Research Environment
narrow horizontal strip of land that cuts across the southeast of Negros Oriental and
faces the mystical island of Siquijor and Cebu across the Tañon Strait. It is roughly 5 km
to the north of the busy city of Dumaguete which is the capital of Negros Oriental City or
about 20 minutes of land travel. It is only a short nautical-distance from the Island of
Cebu.
The Municipality covers a total area of 163.00 km2 and is populated with about
50,000 residents. A local dialect of Cebuano is the main language spoken in the
municipality of Sibulan. However, English and Tagalog are also widely understood and
used in the municipality. The airport of Dumaguete is actually located in Sibulan. The
Sibulan sea-port is also the main port for a trip to Cebu Island. The ferry ride takes
roughly 30 minutes. One can also cross the Tañon Strait with a Ro-Ro if one needs to
Sibulan is also known for its seaport which brings both tourist and local back and forth
the island fronting Negros Oriental, Cebu. One way in getting to Sibulan is by riding an
easy ride. The easy ride terminal is located in the corner of the third building in the
Public Market along National High way and Bishop Epifanio Surban Street. Fare prices
will only cost about Php 15.00 and will take nearly fifteen to twenty minutes to reach the
Sibulan proper.
Another way in getting to Sibulan is by riding a bus. Bus fare for air-conditioned
rides will cost approximately Php 30.00 while regular non-air conditioned will only cost
about Php 15.00.Lastly another way of transportation going to Sibulan is by V-hire (van
for hire). Travelling time will only take about fifteen minutes as well and will only cost
Php 15.00.
Sibulan is essentially farming and fishing town, even though it also derives an
increasing income from tourism. More and more tourists prefer to stay in holiday’s
apartments and beach-houses like Sea view Resort and discover the island from there.
advantageous.
Figure 1:
In order to support the conclusion and recommendation of this study, various statistical
tools were used. The researchers used this tool in order to find and come up with the
Purposive Sampling
sampling technique in which researcher relies on his or her own judgment when
sample are chosen by the judgment of the researcher. Researchers often believe that
they can obtain a representative sample by using a sound judgment, which will result in
A Likert scale is used to allow the individual to express how much they agree or
disagree with a particular statement. This is the most widely used to approach to scaling
responses in survey research, such that the term is often used interchangeably with
rating scale, or more accurately the Likert-type scale, even though the two are not
synonymous.
Weighted Mean
Similar to average but instead of each data point contributing equally to the final mean,
some data points contribute more “weight” than others. Weighted mean is used to
determine the level of agreement to each factor, i.e., whether they (the respondents as
a whole) strongly agree that the ambiance of a Motel attracts them the most.
Where:
questionnaire
Rank
After determining the level of agreement of the respondents to the different factors a
motel must have, the results were ranked to see the most favorable factor among the
others.
It is one of a company’s core financial statements that show their profit and loss over a
period of time. The profit or loss is determined by taking all revenues and subtracting all
expenses from both operating and non-operating activities. The statement displays the
company’s revenue, costs, gross profit, selling and administrative expenses, other
expenses and income, taxes paid and net profit, in a coherent and logical manner.
equity at a specific point in time, and provides a basis for computing rates of return and
evaluating its capital structure. It also provides a snapshot of what a company owns and
It provides aggregate data regarding all cash inflows a company receives from its on-
going operations and external investment sources. It also includes all cash outflows that
It reports the events that increased or decreased stockholder’s equity over the course of
Financial Ratios
These are the key indicators of the financial performance of the company and are
usually derived from its three statements including income statement, balance sheet,
and cash flows. These financial ratios help in analyzing the company’s profitability,
Payback Period
It refers to the amount of time it takes to recover the cost of an investment. Simply put,
the payback period is the length of time an investment reaches a breakeven point.
Current Ratio
obligations or those due within one year. It tells investors and analysts how a company
other payables.
Return on Assets
It is a profitability ratio that provides how much profit a company is able to generate from
balance sheet.
variable costs of production, such as wages and raw materials, but before paying
Return on Investment
Definition of Terms
Motel –
CHAPTER II
This part of the study presents the visual representation and analysis of the data
gathered from our respondents. The primary objective of the study is to find out the
feasibility of establishing a Motel (motor hotel) and if there is a high demand for this kind
of business.
For the researchers to gather data, they used primary and secondary data. The
primary data was gathered through our survey using questionnaire-checklist and
distributed to our respondents who has their own vehicle and belongs to the 18 and
above age range. The secondary data were from books and reputable internet sites and
were used on the technical and financial aspect of the study. The researchers
data gathering.
The researchers used tables to present the responses from the questionnaire-
checklists answered by the respondents. Each representation has its own interpretation
Age Frequency %
18-20 104 35
21-22 80 26
23-25 65 22
26-27 18 6
28-29 12 4
30 and above 21 7
TOTAL 300 100
Table 1.1 reveals that most of the respondents that have participated in our survey are
Survey response and non-response studies have shown that trends in who
responds to surveys do indeed exist, at least with regard to traditional modes of survey
administration. In general, younger people are more likely to participate than older
Table 1.2
Gender of Respondents
GENDER FREQUENCY %
Male 108 36
Female 192 64
TOTAL 300 100
Table 1.2 reveals that majority of the respondents are female, comprising of more than
Survey response and non-response studies have shown that trends in who
responds to surveys do indeed exist, at least with regard to traditional modes of survey
administration. In general, women are more likely to participate than men (Curtin et al
Table 1.3
Respondents that are far from home and want to stay the night
RESPONSES FREQUENCY %
Yes 255 85
No 45 15
TOTAL 300 100
Table 1.3 reveals that majority of the respondents from far away (e.g., tourists as well
as locals) want to stay the night at some place such as pension houses, hotels and the
like.
Table 1.4
Respondents’ prior usage of services of pension house, hotel and the like
RESPONSES FREQUENCY %
Yes 142 47.3
No 158 52.7
TOTAL 300 100
Table 1.4 shows that respondents who had prior experience when it comes to the
patronage of pension houses, hotel and the like is only less than 50%.
Table 1.5
ROOM FREQUENCY %
Single 77 54
Double 23 16
Family 38 27
Others 4 3
TOTAL 142 100
Table 1.5 shows that the 43% of respondents that availed services of pension houses,
hotels and the like preferred using single rooms than other rooms available.
Table 1.6
ACCOMMODATION FREQUENCY %
Standard (Fan) 7 5
Air-Conditioned 135 95
TOTAL 142 100
Table 1.6 shows that the accommodation respondents preferred during their stay in
Table 1.7
FACTORS WX DESCRIPTION
Ambiance 4.49 Agree
Food 4.43 Agree
Variety of Drinks Offered 4.21 Agree
Prices/Rates 4.24 Agree
Quality of Service 4.82 Strongly Agree
Security 4.65 Strongly Agree
Comfort Lounges 4.41 Agree
Location 4.48 Agree
Theme of Place 4.15 Agree
Promos 4.38 Agree
Built-in Parking Area 4.39 Agree
TOTAL 4.42 Agree
Table 1.7 shows the respondents’ desired services and commodities as they ranked
them using the Likert’s 5-point scale. Quality of service ranked first.
Table 1.8
RESPONSES FREQUENCY %
Yes 167 56
No 133 44
TOTAL 300 100
Table 1.8 shows majority of the respondents are very willing to avail services of a motel
(motor-hotel).
Table 1.9
ROOM FREQUENCY %
Single 100 60
Double 22 13
Family 42 25
Others 3 2
TOTAL 167 100
Table 1.9 presents that the room or accommodation majority of the respondents want to
Table 2.0
Table 2.0 shows that respondents prefer an overnight stay at our motel.
Table 2.1
yet)
TOTAL - 167 100
Table 2.1 shows the majority of respondents’ willingness to spend for a stay at our
Table 2.2
Table 2.3
establishment
RESPONSE FREQUENCY %
Yes 200 67
No 100 33
TOTAL 300 100
Table 2.3 shows that the majority of respondents ages 18 and above are willing to
A. MANAGEMENT ASPECT
people together to accomplish desired goals and objectives using available resources
outcomes from a system. This view opens the opportunity to manage others.
FIGURE 2
It is a diagram that shows the structure of an organization and the relationships and
relative ranks of its parts and positions or jobs. This is to simply present the order or
ORGANIZATIONAL CHART
Form of Organization
The business will be a sole proprietorship and will be having Mr. Godfrey J. Dingal, Sr.,
as our proponent.
Mr. Dingal is not a new player in the business industry. He graduated with a Bachelor’s
Arcade together with his only son, Mr. Godfrey L. Dingal, Jr. With that being stated, he
Job description form a corner stone of the recruitment process, a clear and concise
description of the vacant or soon to be vacant position at the outset, form duties and
The following are the job description and qualification standard for the different
positions.
DESCRIPTION
Overseeing daily Degree in Business
Analyzing skills.
opportunities.
Generating reports
and giving
presentations.
employees. Be dedicated to
presenting Experience as an
Organizing management.
employee schedule.
Ensuring that
followed.
Taking disciplinary
action when
necessary.
Ensuring a
consistent standard
of customer service.
Motivating
employees and
ensuring a focus on
the mission.
Maintaining
merchandise and a
visual plan.
Maintaining stores
to standards,
including stocking
and cleaning.
Completing tasks
assigned by the
general manager
accurately and
efficiently.
Supporting head
manager as
needed.
management, preferred.
lenders. Strong
Maintaining understanding of
audits or skills.
reconciliations, as Proficiency with
needed. computers,
Attention to detail
and ability to
analyze large
amounts of data.
service. A minimum of 2
paper. practices.
messages. abilities.
their appropriate
departments.
Monitor, organize
and supplies.
Maintain records
and files.
budget.
advice or transactions
resolving resolving
complaints. complaints.
Bagging or
wrapping purchases
to ensure safe
transport.
procedures
regarding coupons,
purchase of specific
items, such as
alcohol or
cigarettes.
Maintaining a clean
workspace
maintained. unsupervised.
equipment. diploma.
stocked.
Properly clean
upholstered
furniture.
surveillance Excellent
alarms and
analyzing security
footage.
Investigating
suspicious behavior,
incidents, and
security breaches.
Apprehending
trespassers and
perpetrators.
Maintaining an
preparing
surveillance reports.
Adhering to
company policies
and legal
regulations.
customers. preferred.
Weigh, measure, Culinary school 2-4
according to preferred.
ingredients. positions.
etc.
Able to handle work
in a fast-paced
environment.
The General Manager has all the rights to hire as well as fire employees. The hiring of
employees must be based on the set standard of qualifications the organization has set.
employee has violated a rule. Giving of rewards to deserving employees is also taken
Every employee will have their payday every 15 th and 30th of the month. The amount
that they will receive is based on their respective position in the motel.
All employees are also entitled to receive other benefits such as the following:
“It is the policy of the State to establish, develop, promote and perfect a sound
and viable tax exempt social security system suitable to the needs of the people
throughout the Philippines which shall promote social justice and provide
sickness, maternity, old age, death and other contingencies resulting in loss of
income or financial burden. Toward this end, the State shall endeavor to extend
8282)
Phil Health
workers. Among the benefits that can be availed of are hospitalization expense
Pag-IBIG Fund
suitable to the needs of the employed and other earning groups.” With that is the
Aside from the provident savings, employees could also avail the Home Lending
Legal Requirements
Nap Park must comply first all legal requirements needed before operating. Such
necessary for the operation to certify that the business is following the guidelines, rules,
and regulations imposed and required by the different sectors of the government.
Customers would also be guaranteed in dealing with businesses that has legal
documents because it shows that the business is legal and operating in accordance
with the laws and regulations provided by the government. The essence of meeting
those requirements is for the safety and welfare of our valued customers so as with the
whole organization.
Mayor’s Permit
An application with the business permit requirements given to the proponent from the
Barangay Clearance
The clearance is issued from the Barangay where the project is situated. The proponent
Sanitary Permit
This permit is issued by the Municipal Health Office of Sibulan to make sure that there is
a proper sanitation and proper waste disposal. The proponent will be issued a permit
once all the requirements (plumbing layout of the establishment, comfort rooms) are
met.
Zoning Permit
The Zoning office is tasked to stamp and affix a signature at the back of the business
permit and also the office requires a sketch of the proposed project location at the back
of the permit.
The municipality requires all business owners to process building clearance issued by
the Municipal Engineer’s Office. The office evaluates the establishment by conducting a
study on the blueprint of the building and a fee will be calculated depending on the
All employers are required to present SSS clearance, Home Development Mutual Fund
Registration and Phil Health Registration before they can secure business license. This
is to ensure the protection of the interest of the employees and give assistance in terms
DTI Registration
The proponent must register a name associated to the business. Business Name
Registration is required if a person will use a name other than that of his true name
(Danella, 2014).
BIR Registration
The proponent cannot operate the business without the business’ Tax Identification
Number (TIN). The proponent must register at the BIR Revenue District Office in the
B. MARKETING ASPECT
given time and effort. The advocate of a motel must possess the needed creativity so as
to be able to provide quality services to its customers. The satisfaction of the needs and
wants of the customers or target market must be the main objective of the proposed
business.
In every feasibility study, the marketing aspect is considered the most important
because it requires tactful analysis of the business total demand and supply.
Market
It is very evident that there is a rapid growth on the population of people who like to
travel and see different beautiful places throughout the province. Most of them come
from far places and need a place to stay and rest. This is where Nap Park comes
possible. The business will cater the customers’ preferences and needs and will be
Demand
From the data gathered from the conducted survey by the researchers, it shows
affirmative market feasibility. Majority of the respondents (67%) are in favor of putting up
a motel at Khan Commercial Arcade, National Highway, Sibulan. The data indicated
that one hundred and sixty-seven (167) out of three hundred (300) respondents agreed
to avail the services of a motel at Khan Commercial Arcade, National Highway, Sibulan.
Market Description
The target market is that having the capacity to avail the project’s services. These are
identified as those people aging from 18 years old and above who have vehicles such
Positioning Strategy
This business is expected to provide good accommodation, drinks, foods and excellent
service but affordable prices to the customers and would have great contribution to the
society.
MARKET PROGRAM
The marketing program is basically a program that consists of the following: product,
1. To satisfy the needs of the customers by providing high quality and good
customer service;
2. To promote the motel to people ages 18 and above who have their own vehicles;
and
3. To determine the size of the potential target market in order to effectively meet
Price Strategy
Pricing is considered to be the most significant factor which is most often time affect the
based on the result of the conducted survey. The price of the rooms, foods as well as
drinks that the business is offering would be reasonable and affordable enough that the
Place Strategy
The proposed business will be located on a national highway wherein various kinds of
people pass by that’s why the researchers assumed that the area is a good location for
the proposed business. The location fits the needs of the customers because of the
presence of a nearby hospital, convenience store and many more. The location is also
very convenient because of the fact that it is on a national highway wherein accessibility
to vehicles is easy.
Promotion Strategy
about motels in Sibulan and in Dumaguete City, the competitors usually made use of
posters, tarpaulins and flyers as their mediums of advertising. The researchers based
their promotion strategy through the observations. The researchers will make use of
tarpaulins that are put on motor cabs as well as flyers to be distributed at crowded
C. TECHNICAL ASPECT
The study of technical aspect aims to choose processes to be used, plans, and
equipment capacity, layout, materials, supplies and other technical factors to attain cost
Service Description
The business to be established is Nap Park. There are staff members that could be of
aid to customers. The building is endowed with air conditioners, a stand-by generator,
heightened by a relaxing ambiance and cheerful staff members that would definitely
deliver utmost customer satisfaction. Moreover, the whole building is WIFI connected
that enables
Service Process
its customers. The researchers enumerated the usual flow of the business’ operations.
Building Facility
“Nap Park” is established with a total land area of 500 sq meters. The proponent will
make use of the space to put up the building. Each room is measured 3.833 sq meters
meanwhile the comfort rooms is 1.30 sq meters. The proposed business establishment
will obtain its power connection from Negros Oriental Electric Cooperative 2 (NORECO
Step 4: Step 3:
Confirm
Confirm details.
payment details.
Cash Card
Step 5: Step 6:
Offer additional Room the guest.
services.
Machineries and Equipment
In the modern times, technology is a must; therefore, in order to operate well, the
business must have certain machineries and equipment. With this regard, the business
mishaps.
3. Water dispenser – to serve customers with readily available cold and hot water.
7. Air conditioners – for the comfort of the customers since we are in a tropical
country.
8. Wall fans – provide cooling to those who will pick a fan accommodation.
10. Washing Machine – used to wash the beddings as well as all other
housekeeping materials.
11. Automatic Emergency Lights – used for sudden blackouts that provides lights.
Building Location
The building of Nap Park will be located at Khan Commercial Arcade, National Road
Sibulan, Negros Oriental. The site is near the Negros Polymedic Hospital and a
gasoline station. Furthermore, it is situated along the national highway which is the
perfect site for a motor hotel. Ultimately, the location is a vacant space, which means it
Utilities
Utilities such as electricity and water play a vital role in any business operations; hence,
there is a need to acquire such. With this regard, the business’ electricity will be
provided by the Negros Oriental Electric Cooperative 2 (NORECO 2). On the other
hand, the water supply shall be from the Sibulan Water District.
However, in the present time, electricity and water are not just the utilities we need. The
not) is now, most likely than not, a part of an individual’s lifestyle. Thus, the entire
building will be WIFI enabled for a greater customer satisfaction. The said connection
Proper sanitation must be properly observed and imposed by business operators. “Nap
Park” maintains its cleanliness by putting a trash bin in every corner and there will be
Waste Disposal
Waste disposal doesn’t just mean throwing away waste anywhere; rather, it means we
have to at least do something to treat it before we let it go. Considering the situation, the
business shall be employing proper ways to dispose of its wastes. On the garbage part,
the business will have to segregate the rubbish according to biodegradable, non-
biodegradable, and hazards before dumping it to the dump site. The business shall
employ this rubbish segregation as it is beneficial in ways such as to help mother earth
and of course to earn since it can sell those recyclable materials to junk shops. Another
concern is the disposal of solid wastes. The business will use sewage. The sewage that
will be used shall be composed of three adjacent diggings separated by hollow blocks
cemented together, of which two have cement floorings and the third’s floor be
composed of layers of rock and sand. The excavation in the middle shall have two of its
walls (the ones adjacent to the other excavations) shortened, in such a way that it is one
to two inches away from the ceiling of such pit. In this way, the wastes shall be treated
The process is simple. On the first pit, of course, much of the wastes will be there, but
by the act of settling down, the wastes would transfer to the second pit. The second pit
works the same as the first. Consequently, the waste water on the third pit is now
partially treated, or shall we say, contains minimal amounts of wastes. The waste water
here will be further treated through the layers of rock and sand, and that’s the time it
D. FINANCIAL ASPECT
With respect to the proposed project, the researchers had formulated necessary
assumptions that will directly related to the reliability and accuracy of the future
revenues and expenses. These are the following:
c. 1st year revenue is based on the data gathered as per table 1.8.
f. The projected statement of financial position, statement of profit or loss and the cash
flow statement will be 5 years.
g. Insurance expense will be the same over the succeeding years and this would be
expensed as incurred and renewable each year.
m. The estimated useful life of leasehold improvement and furniture and fixtures is 22
years.
n. The estimated useful life of equipment is 12 years and other assets are 20 years.
r. Accounts payable at year end pertains to SSS, Phil Health and HDMF contributions
for December to be remitted in January of the next year. Updated tax table are being
followed.
s. It is assumed that there are 360 days a year and 30 days a month.
Source of Financing
The project would be 100% backed by our proponent in the person of Mr. Godfrey J.
Dingal, Sr., who is more than willing to shoulder the financial sources of the said project,
and that he may take it from their own or personal assets and/or personal investments.
The initial investment is Php 4,000,000.00.
The financial statements are the means by which the financial information accumulated
and processed in financial accounting is periodically communicated t the users. Thus,
these are the end products of the financial accounting process of which projected sales
from percentage market share and its related costs become basis.
It is the computation of project revenues and expenses for one accounting period
thereby arriving at the concern’s net income or loss, together with its performance in
terms of its profitability and cost control.
It is the systematic presentation of the cash receipts and cash disbursements for a
given operating fiscal year, taking for granted the accrual basis of accounting.
It is the statement that shows the financial condition of the company as of a particular
date. It presents the three (3) elements: assets, liabilities and equity.
The proposed business aims to help the localities of Sibulan and also for the
potential customers that would be able to enjoy the services we offer at our motel.
The researchers consider the whole part of the business especially the social impact it
The proposed project will be paying the required taxes to the government of Sibulan
and Philippines in general. These taxes can be used by the government for new
b. Employment Generation
It is said that the Philippines is always challenged with economic crisis where several
business, employment becomes available to the community since workers are needed
for the business to fully operate. Proper benefits, compensation and salaries will be
c. Social Desirability
The proposed business will give the society a better place to have a relaxing and
rewarding rest after a long tiring day may it be from travelling or from working. The
proposed business can relieve their daily life stress, accompanied by great ambiance,
PROJECT SUMMARY
We agreed to name the business venture as “Nap Park”. We believe that the
name suits the business. It is named Nap Park because in our motel (motor hotel),
customers will have such rewarding relaxation time wherein they can nap and fully rest
We believe that this business venture will be able to cater the needs as much as
Location
The proposed Nap Park will be located at Khan Commercial Arcade along the National
Highway of Sibulan. It is situated near the Negros Polymedic Hospital and Aldea
Homes.
Nature of Business
The nature of the proposed business venture is to offer value for money services,
affordable meals that comes with drinks, nice ambiance and a secured area.
Investment Cost
Mode of Financing
The project would be 100% backed by our proponent, Mr. Godfrey J. Dingal, Sr.,
who is more than willing to shoulder the financial resources needed for the said project,
and that he may take it from his own personal asset or other personal investment.
Nap Park offers a different type of spending one’s precious resting time. It is not
only a place for those who want to rest but it is also a place where one can recharge
their tired bodies. It offers affordable meals and drinks that come with the
accommodation, great ambiance, clean comfort rooms and the place is secured.
Long Range Objective
Negros Oriental. The major objectives of the study include the following:
1. To highlight the potential advantages and disadvantages, both financial and non-
3. To gather information as the further needs and demands of the potential market.
4. To determine how the target market would respond to the proposed business.
SUMMARY
This section will present a synopsis of the aspects or the major considerations of
the project study such as the management aspect, marketing aspect, technical aspect,
the proposed business venture is easy to facilitate. Qualified and competent workers will
the neighboring towns and cities, so there will be a constant growth for the demand of
prospective patrons.
equipment, tools, software and hardware of the proposed business venture are readily
available in the local business community as well as the people responsible for the
The financial aspect, the initial investment of the proposed business in which the
proponent can easily afford to invest. Based on the ratios and financial statements
presented by the hired accountant of the project study it proves to be financially viable.
Other expenses not stated or mentioned will be itemized in the financial statements.
favorable to the social aspect as well as to the economy. The business will be able to
business to rise in the locality since we have the so called “multiplier effect”. Therefore,
contributing income or additional source of income to the government and in return it will
Based on the data gathered, the researchers concluded that most of the people
who are willing to stay at a motel are aging from 18-20 years old and they all have their
own vehicles (motorcycles). Among the different factors that attracts respondents when
coming to a motel, the quality of service stand out the most followed by security,
ambiance, and location. The least factor that attracted the respondents was the theme
accommodation.
that took part in this study want something new in the field of lodging services and they
are open to the idea of a motel establishment. Thus, they are in favor of a motel to be
built in Sibulan.
RECOMMENDATIONS
Given the chance to push through with the proposed project in Khan Commercial
Arcade, Sibulan, the researchers would like to propose the following recommendations:
Provide loyalty cards in order for the customers to avail discounts and promos.
Should consider including hourly rates because some customers prefer short
time.
The said findings give support on the establishment of a motel in Khan Commercial
recommendations in order to meet with the needs and desires of the target market.
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Appendices