BAHRM-6120 Entrepreneurial Management - Business Plan - Noe Agubang
BAHRM-6120 Entrepreneurial Management - Business Plan - Noe Agubang
BAHRM-6120 Entrepreneurial Management - Business Plan - Noe Agubang
For
BAHRM-6120 Entrepreneurial
Management
Course Project
Prepared By.
NOE AGUBANG
BSBA- MIS
EON AND JAKE
BAR & GRILL
Table of Contents
Page 1
Table of Contents
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
Eon and Jake Bar & Grill has established a successful presence in the food and beverage service
industry. The flagship location in Pasay City Somewhere PHILIPPINES has grossed in an excess of
Php1.5 million in sales in its first year of operation, ending December 2013. First years operations has
produced a net profit of Php455,000. This will be generated from an investment of Php625,000 in initial
capital. Since 12 months of operations have already been completed the confidence level for final first
years numbers is extremely high. The first 12 months of start-up costs, sales revenue and operating
expenses are actual.
Expansion plans are already underway. Owner funding and internal generated cash flow will enable
additional locations to open. Sales projections for the next three years are based upon current planned
restaurant openings. Site surveys have been completed and prime locations have been targeted for
expansion.
The sales figures and projections presented here are based upon 1 additional location opening in the next
12 months.
This new location has a sales plan of approximately Php1 million in the first year generating a net income
Php200,000.
Payback of total invested capital on this location will be realized in less than 18 months of operation. Cash
flow becomes positive from operations immediately and profits are substantial in the first year.
1.1 Objectives
Eon and Jake Bar & Grill's main objective is to open 1 additional locations in Somewhere PHILIPPINES.
The management of Eon and Jake Bar & Grill has demonstrated its concept, marketability, and controls
and feels confident of its ability to successfully replicate the quick ramp up of the additional locations.
• Maintain tight control of costs and operations by hiring quality management and utilizeautomated
computer control.
1.2 Mission
Eon and Jake Bar & Grill strives to be the premier family restaurant in the Northeast Region. Ourgoal is
to be innovative, entertaining and a step ahead of competition. We will offer a customers a comfortable
environment with a family atmosphere. We combine menu selection,atmosphere, ambiance, and service
to create an unforgettable restaurant experience.
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
• Product quality. Not only great food but great service.
• Instituting management controls so our customers have the same experience at eachlocation.
Eon and Jake Bar & Grill is a family restaurant that caters to adults as well as children. We offer a variety of
different menu items focusing on ribs, burgers and steaks. We are known for high quality low cost meals in a
comfortable environment. Our food is locally purchased and freshly made on site. Our staff provides attentive
and friendly service and is cross trained so they can take care of every aspect of the customers dining
experience.
Eon and Jake Bar & Grill is owned by Chris Wild and set up as an LLC. Mr. Agubang holds a degree in
Culinary Arts from Pasay City University and a master’s in business from TESDA.
Start-up expenses for the Eon and Jake Bar & Grill total Php7,300, and include expenses such as legal,
marketing, lease deposit, computer systems, etc. Start-up assets include Php10,000 in initial cash
requirements, Php5,500 in short term assets (office furniture, refrigeration equipment), and Php15,000 in
starting inventory. These start-up costs will be financed through investments and small-business loans. The
details of the start-up summary are included in thefollowing table.
Table: Startup
Startup
Requirements
Startup Expenses
Legal Php1,500
Stationery etc. Php500
Insurance Php750
Rent Php800
Computer Php2,000
Furniture Php1,750
Total Startup Expenses Php7,300
Startup Assets
Cash Required Php10,000
Startup Inventory Php15,000
Other Current Assets Php5,500
Long-term Assets Php12,500
Total Assets Php43,000
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
3.0 Products
Our menu consists of juicy, thick steaks that are coated with a secret combination of flavoringsand zesty spices.
These steaks are grilled to perfection. We offer mouthwatering prime rib, in four portion sizes. The menu also
consists of butter-roasted and seasoned chicken dishes, freshgrilled seafood, imaginative salads, a variety of
huge burgers and grilled sandwiches, tender pork chops, soups, appetizers with berry barbecue sauces,
refreshing fountain drinks, and a variety of desserts.
From the bar patrons can order a wide range of American wines, as well as dozens of beersincluding the most
popular microbrews. The bar also offers festive martinis, margaritas, specialty frozen drinks, and hundreds of
cocktails.
Pasay City is a dynamic city located in the rapidly growing in the Northeast region. The city is known for its
excellent medical and educational institutions, beautiful neighborhoods, easy access to freeways and a
diversified economic base. From a residential perspective, Pasay City features master-planned communities,
luxury executive homes, older residences in tree-lined neighborhoods and affordable starter housing. A robust
economy, attractive residential developments, exciting commercial and business growth, dynamic
neighborhoods and abundantcivic pride combined with outstanding city services - Pasay City has all of the
amenities necessaryfor ensuring a quality lifestyle.
Pasay City has been one of the fastest-growing cities in one of the fastest-growing metropolitan areas in the
Philippines over the past three decades. The city's population grew 48 percent during the 1990s. Today, Pasay
City has a population of more than 225,000. Pasay City is adjacentto Somewhere (pop. 500,000), within the
Pasay with 1.6 million residents.
Eon and Jake Bar & Grill is located in Pasay City PHILIPPINES. According to the local Chamber of Commerce
and the US Census Bureau, the population within a five mile radius of this address is nearly 125,000, with over
59,000 households, and over 400 businesses. Income within one mile is over Php81,000, Php72,000 within
three miles and Php60,000 within five miles. Per capita retail spending in this area exceeds Php13,000, with
total retail spending exceeding Php2.8 billion!
The first tier target segment for Eon and Jake Bar & Grill concentrates on the 30-44 year old agerange, with
income in the Php40,000 - Php80,000 range, located within a five mile radius. Secondtier is the 45-59 year
old range, with income in the Php55,000 - Php90,000 range, located within a five mile radius. Third tier is
the 21-29 group, with income at Php36,000 - Php60,000, located within a five mile radius.
Market Analysis
2014 2015 2016 2017 2018
Potential Customers Growth CAGR
21 - 29 years old 5% 15,000 15,750 16,538 17,365 18,233 5.00%
30 - 44 years old 8% 38,000 41,040 44,323 47,869 51,699 8.00%
45 - 59 years old 3% 22,500 23,175 23,870 24,586 25,324 3.00%
Total 5.98% 75,500 79,965 84,731 89,820 95,256 5.98%
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
Chart: Market Analysis (Pie)
Strategically, targeting the 30-44 year old age range in upper middle class areas close to our restaurant helps
serve the needs and requirements of our customers, and ties in logically with our marketing plan and style of
restaurant. Typically, the upper middle class in the 30-44 rangeare raising families whose children range from
toddlers to teens, yet tend to continue to have "disposable" dollars available to get them away from home and
work. These customers have regimented schedules in their lives, and find value in exceptional service, timely
service, and great food. If a couple chooses to leave the kids home, they'll find value in the form of satisfaction
and fun together, in their diversionary time. If they bring the kids, they will appreciate a value based kids menu.
This first tier of our market segment, is also the primary focus of our marketing plan. These kids are primarily
the children of our 30-44 tier-one group. Industry research (Nation's Restaurant News®) has shown that the
30-44 age group appreciates steaks, chops, and chicken and seafood dishes prepared with lightly seasoned
recipes, which is a perfect fit for Eon and Jake Bar & Grill.
Our SECOND-TIER market group (45-59 / Php55,000 - Php 80,000), will also find value in greatservice, and
delicious food, and will appreciate a restaurant with a great wine list.
Our THIRD-TIER group, the 21-29 year olds will find that the menu contains many favoritesavailable to them
that are considered essential: tantalizing appetizers, spicy steaks, and hundreds of cocktails and specialty
beers.
All restaurants combined, from fast food to fine dining, show an average bottom line profit of 3-10%. Margins
are much better in full service restaurants with good management, good staff, good concepts, good menus and
wine lists, good location and good financial controls. A full service steakhouse with all of these factors should
show a bottom line profit of 13% - 25%.
4.3.1 Competition and Buying Patterns
The general nature of competition in this business, and how the customers seem to choose oneprovider over
another can be measured by customer loyalty and positive word of mouth.
Customer loyalty and brand preference come from developing a trust between the customer and the business.
To be successful in the hospitality business, one must truly believe in, and always apply, the fundamental
meaning of hospitality, which simply stated is, one must alwaysbe hospitable, and the customer must truly be
made to feel welcome and cared for. The trust that a customer feels, is based upon the business' ability to
recognize what it takes to please acustomer, and then is built upon by continuously delivering to that customer
at, or above, the level of expectation that the customer expects. Eon and Jake Bar & Grill has carefully selected
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
a management team that has been specially trained in exceptional customer service. The screening, hiring and
training standards for front-of-the house staff are the highest in the industry.
The level of attention and care that our staff bestows upon our customers sets us far above ourcompetition.
Eon and Jake Bar & Grill also has extremely high standards for professionalism in the kitchen. Cleanliness,
freshness of ingredients, adherence to recipe and cooking standards, and efficiency are constantly applied.
Prices are reasonable, and are perceived as being an exceptional value. Eon and Jake Bar & Grill offers
extremely delicious steaks, tantalizing chicken dishes, savory grilled seafoods, tender prime rib, fresh salads,
sensational appetizers, temptingdesserts and refreshing beverages. All of this can be found in an environment
with an ambiencethat is very comfortable.
Eon and Jake Bar & Grill is conveniently located near a successful mall. The restaurant has a huge,secure
parking lot, excellent ingress and egress, and a beautiful and highly noticeable exterior.This area has other
restaurants, which is a definite plus for us. This allows us to capitalize on a positive "clustering" effect, and
works well with our marketing strategy.
Our website, is an opportunity to offer current information on special events, menu offerings, public service
announcements and comp specials.
Our website will be promoted on all of our menus, and promo pieces. We will link to CitySearch.com® and
many other hospitality oriented websites and portals.
Eon and Jake Bar & Grill website will be initially developed with few technical resources. VeriSign® will host
the site and provide the technical back end. We will maintain a simple, classy, yet Internet focused site. The
website logos, and graphics will be the same artwork found on our hard-copy menus, and in various spots in
the business plan. Our managers will maintain the website. As the website rolls out future development such
as restaurant delivery options, newsletters and downloadable market research reports, a technical resource
may need to be contracted to build the trackable download and the newsletter capabilities. We will also look
into pre-packaged solutions through VeriSign® and other Web hosting resources.
6.0 Strategy and Implementation Summary
Emphasize service
We will differentiate ourselves with SERVICE! We will establish our business offering as a clearand viable
alternative for our target market.
Clearly, our competitive edge is the customer service experience and approach that our management team
will bring to the table. Our smiling, unassuming and good natured approachto all of our customers is evident,
and highly appreciated. Our recipes are delicious, and the portions are large. The foods are fresh and
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
satisfying, and the drinks are fulfilling and refreshing.
• Charity events for senior citizens, high schools, grade schools, churches and communitycenters.
• Excellent service and high food quality every single day in the restaurant.
We require our servers to have a thorough and comprehensive understanding of the menus, ingredients and
methods of preparation of all of our foods and beverages. We train our staff to always describe and
recommend items, even to regular customers, and to always upsell. The key to a server's success in
upselling is the realization that it almost always brings in better tipsbecause the checks are higher.
GIFT CERTIFICATES
Eon and Jake Bar & Grill will aggressively sell gift certificates. The strategy behind gift certificatesales is
simple and proven. Most GC sales occur during the holidays. Most GC's are then redeemed in the post-
holiday months of January and February, helping drive sales in those traditionally slower months
6.3.1 Sales Forecast
The first month sales will open strongly, because of the advance buzz created by our pre- opening
marketing, and our Grand Opening Festivities. Sales will drop off slightly as we begin to sort out our
operational patterns. September is a slower month for restaurants. October andNovember see sales begin to
build as we continue with our marketing, and relentless quality. December sees a sharp spike upward as the
Holidays are in full swing. A typical week for the first six months will look like this (conservative estimate):
Sales Forecast
2014 2015 2016
Sales
Food Php538,000 Php550,000 Php565,000
Beer Php216,500 Php225,000 Php230,000
Wine Php162,500 Php175,000 Php180,000
Liquor Php87,480 Php95,000 Php100,000
N/A Beverages Php68,500 Php75,000 Php80,000
Total Sales Php1,072,980 Php1,120,000 Php1,155,000
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
We will open with a team of four manager/owners, one bookkeeper, and 25 staff members. Each member of
the management team has specific industry experience that will apply to theirassignment. This is an
extremely experienced and well balanced team. There are no gaps in itsstructure.
The personnel table (labor pro-forma) shows the number, and structure of the "back-of-the-house" (BOH),
“front-of-the-house" (FOH), and management staffs. June has a higher laborcost, as is usual in a restaurant
start-up. Labor costs come down as the operation begins to flow more smoothly.
Table: Personnel
Personnel Plan
2014 2015 2016
Head Chef Php78,000 Php80,000 Php82,000
Prep Cook Php54,000 Php55,500 Php57,500
Line Cook Php48,000 Php50,000 Php51,250
Dishwasher Php30,000 Php32,000 Php34,500
Wait Staff Php42,000 Php43,500 Php45,000
Hostess Php36,000 Php37,500 Php39,500
Bartender Php30,000 Php33,500 Php34,750
Manager Php45,000 Php47,500 Php48,500
Total People 25 25 25
Eon and Jake Bar & Grill start-up funds are summarized in the following table:
The additional capital is needed to fund salaries, inventory lags and other costs during the firstmonths of the
business year.
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
Assets
Non-cash Assets from Startup Php33,000
Cash Requirements from Startup Php10,000
Additional Cash Raised Php0
Cash Balance on Starting Date Php10,000
Total Assets Php43,000
Liabilities
Current Borrowing Php0
Long-term Liabilities Php25,000
Accounts Payable (Outstanding Bills) Php5,000
Other Current Liabilities (interest-free) Php5,000
Total Liabilities Php35,000
Capital
Planned Investment
Owner Php7,500
Investor Php7,800
Additional Investment Requirement Php0
Total Planned Investment Php15,300
• We are assuming steady growth from good management, barring any unforeseen local, ornational
disasters such as the economic slowdown.
• We are assuming adequate investor funding to sustain us during start-up.
Our break-even analysis is based on our cost and price structure at present. As we grow, thefixed costs will
grow in proportion to our employee numbers.
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
Table: Break-even Analysis
Break-even Analysis
Assumptions:
Average Percent Variable Cost 30%
Estimated Monthly Fixed Cost Php38,275
The following table and charts show the projected profit and loss. Monthly projections areincluded in
the appendix.
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EON AND JAKE BAR 7 GRILL- BUSINESS PLAN
Gross Margin % 69.51% 69.53% 69.58%
Expenses
Payroll Php363,000 Php379,500 Php393,000
Marketing/Promotion Php14,400 Php15,000 Php15,500
Depreciation Php0 Php0 Php0
Operating Supplies Php18,000 Php14,500 Php15,000
Janitorial Php6,600 Php6,800 Php7,000
Repairs Php3,000 Php3,250 Php3,500
Linens Php15,675 Php16,000 Php16,500
Menus Php1,800 Php2,000 Php2,200
Advertising Php6,000 Php6,250 Php6,500
Credit Card Charges Php17,125 Php17,250 Php17,500
Professional Fees Php12,000 Php12,000 Php12,000
Uniforms Php1,200 Php900 Php900
Travel Php500 Php500 Php500
Employee Discounts Php0 Php0 Php0
Inserted Row Php0 Php0 Php0
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Honey Hill Bar & Grill
The cash flow depends on assumptions for good daily operational management, good traffic counts in the
restaurant, inventory turnover, payment days, and accounts receivable management. Initial projections are
a sales-to-investment ratio in excess of 2-to-1, return oninvestment in excess of 30 percent and return on
equity of 20 percent-plus.
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Honey Hill Bar & Grill
The balance sheet is quite solid. We do not project any real trouble meeting our debtobligations if
we can achieve our specific objectives.
Current Assets
Cash Php194,411 Php400,045 Php612,864
Accounts Receivable Php5,550 Php5,793 Php5,974
Inventory Php22,675 Php29,660 Php30,137
Other Current Assets Php5,500 Php5,500 Php5,500
Total Current Assets Php228,136 Php440,998 Php654,476
Long-term Assets
Long-term Assets Php12,500 Php12,500 Php12,500
Accumulated Depreciation Php0 Php0 Php0
Total Long-term Assets Php12,500 Php12,500 Php12,500
Total Assets Php240,636 Php453,498 Php666,976
Current Liabilities
Accounts Payable Php8,695 Php14,646 Php14,883
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Honey Hill Bar & Grill
The table follows with our main business ratios. We do intend to improve gross margin, collection days, sales
and labor controls. Our ratios are compared to industry ratios for SteakRestaurants - SIC code 5812.0802.
Table: Ratios
Ratio Analysis
2014 2015 2016 Industry Profile
Sales Growth n.a. 4.38% 3.13% 1.65%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 69.51% 69.53% 69.58% 58.06%
Selling, General & Administrative
50.87% 50.52% 50.60% 23.02%
Expenses
Advertising Expenses 1.34% 1.34% 1.34% 1.74%
Profit Before Interest and Taxes 26.70% 27.21% 27.15% 6.52%
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Honey Hill Bar & Grill
Main Ratios
Current 16.66 22.45 32.92 1.25
Quick 15.00 20.94 31.40 1.00
Total Debt to Total Assets 13.59% 7.20% 4.03% 99.31%
Pre-tax Return on Net Worth 137.36% 72.27% 48.93% 4325.19%
Pre-tax Return on Assets 118.70% 67.07% 46.96% 29.65%
Activity Ratios
Accounts Receivable Turnover 48.33 48.33 48.33 n.a
Collection Days 9 7 7 n.a
Inventory Turnover 12.00 13.04 11.75 n.a
Accounts Payable Turnover 59.54 36.50 36.50 n.a
Payment Days 9 8 10 n.a
Total Asset Turnover 4.46 2.47 1.73 n.a
Debt Ratios
Debt to Net Worth 0.16 0.08 0.04 n.a
Current Liab. to Liab. 0.42 0.60 0.74 n.a
Liquidity Ratios
Net Working Capital Php214,440 Php421,352 Php634,592 n.a
Interest Coverage 329.31 476.25 784.00 n.a
Additional Ratios
Assets to Sales 0.22 0.40 0.58 n.a
Current Debt/Total Assets 6% 4% 3% n.a
Acid Test 14.60 20.64 31.10 n.a
Sales/Net Worth 5.16 2.66 1.80 n.a
Dividend Payout 0.00 0.00 0.00 n.a
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Appendix
Sales Forecast
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales
Food Php30,000 Php35,00 Php40,00 Php38,00 Php45,00 Php50,00 Php52,000 Php55,500 Php52,500 Php55,000 Php45,00 Php40,00
0 0 0 0 0 0 0
Beer Php10,000 Php12,50 Php15,00 Php13,50 Php17,50 Php20,00 Php22,000 Php25,000 Php22,500 Php23,500 Php20,00 Php15,00
0 0 0 0 0 0 0
Wine Php8,500 Php9,000 Php12,00 Php10,00 Php14,50 Php15,00 Php16,500 Php17,500 Php16,500 Php18,000 Php15,00 Php10,00
0 0 0 0 0 0
Liquor Php5,000 Php5,500 Php6,500 Php7,000 Php7,500 Php6,580 Php7,000 Php8,500 Php9,900 Php10,000 Php8,500 Php5,500
N/A Beverages Php6,500 Php7,500 Php5,500 Php8,500 Php5,500 Php3,500 Php4,500 Php5,500 Php6,500 Php7,000 Php4,500 Php3,500
Total Sales Php60,000 Php69,50 Php79,00 Php77,00 Php90,00 Php95,08 Php102,00 Php112,00 Php107,90 Php113,50 Php93,00 Php74,00
0 0 0 0 0 0 0 0 0 0 0
Direct Cost of Sales Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Food Php9,600 Php11,20 Php12,80 Php12,16 Php14,40 Php16,00 Php16,640 Php17,760 Php16,800 Php17,600 Php14,40 Php12,80
0 0 0 0 0 0 0
Beer Php2,500 Php3,125 Php3,750 Php3,375 Php4,375 Php5,000 Php5,500 Php6,250 Php5,625 Php5,875 Php5,000 Php3,750
Wine Php3,825 Php4,050 Php5,400 Php4,500 Php6,525 Php6,750 Php7,425 Php7,875 Php7,425 Php8,100 Php6,750 Php4,500
Liquor Php1,000 Php1,100 Php1,300 Php1,400 Php1,500 Php1,316 Php1,400 Php1,700 Php1,980 Php2,000 Php1,700 Php1,100
N/A Beverages Php975 Php1,125 Php825 Php1,275 Php825 Php525 Php675 Php825 Php975 Php1,050 Php675 Php525
Subtotal Direct Cost of Sales Php17,900 Php20,60 Php24,07 Php22,71 Php27,62 Php29,59 Php31,640 Php34,410 Php32,805 Php34,625 Php28,52 Php22,67
0 5 0 5 1 5 5
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Appendix
Table: Personnel
Personnel Plan
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Head Chef Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500 Php6,500
Prep Cook Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500 Php4,500
Line Cook Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000 Php4,000
Dishwasher Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500
Wait Staff Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500 Php3,500
Hostess Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000 Php3,000
Bartender Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500 Php2,500
Manager Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750 Php3,750
Total People 25 25 25 25 25 25 25 25 25 25 25 25
Total Payroll Php30,250 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25
0 0 0 0 0 0 0 0 0 0 0
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Appendix
Gross Margin Php42,10 Php48,90 Php54,92 Php54,29 Php62,37 Php65,48 Php70,360 Php77,590 Php75,095 Php78,875 Php64,47 Php51,32
0 0 5 0 5 9 5 5
Gross Margin % 70.17% 70.36% 69.53% 70.51% 69.31% 68.88% 68.98% 69.28% 69.60% 69.49% 69.33% 69.36%
Expenses
Payroll Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,25 Php30,250 Php30,250 Php30,250 Php30,250 Php30,25 Php30,25
0 0 0 0 0 0 0 0
Marketing/Promotion Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200 Php1,200
Depreciation Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Operating Supplies Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500 Php1,500
Janitorial Php550 Php550 Php550 Php550 Php550 Php550 Php550 Php550 Php550 Php550 Php550 Php550
Repairs Php250 Php250 Php250 Php250 Php250 Php250 Php250 Php250 Php250 Php250 Php250 Php250
Linens 15% Php1,100 Php1,200 Php1,350 Php1,200 Php1,275 Php1,450 Php1,350 Php1,475 Php1,150 Php1,275 Php1,350 Php1,500
Menus 15% Php150 Php150 Php150 Php150 Php150 Php150 Php150 Php150 Php150 Php150 Php150 Php150
Advertising 15% Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500
Credit Card Charges 15% Php1,100 Php1,200 Php1,300 Php1,400 Php1,500 Php1,500 Php1,600 Php1,750 Php1,250 Php1,350 Php1,500 Php1,675
Professional Fees 15% Php950 Php950 Php1,250 Php950 Php950 Php950 Php1,250 Php950 Php950 Php950 Php950 Php950
Uniforms 15% Php150 Php0 Php150 Php0 Php350 Php0 Php250 Php0 Php150 Php0 Php150 Php0
Travel 15% Php0 Php0 Php0 Php0 Php500 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Employee Discounts 15% Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Inserted Row Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Total Operating Expenses Php37,70 Php37,75 Php38,45 Php37,95 Php38,97 Php38,30 Php38,850 Php38,575 Php37,900 Php37,975 Php38,35 Php38,52
0 0 0 0 5 0 0 5
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Appendix
Net Profit Php3,023 Php7,7 Php11,47 Php11,38 Php16,32 Php18,98 Php22,00 Php27,26 Php25,98 Php28,58 Php18,24 Php8,916
49 8 4 8 1 7 2 9 3 2
Net Profit/Sales 5.04% 11.15 14.53% 14.78% 18.14% 19.96% 21.58% 24.34% 24.09% 25.18% 19.62% 12.05%
%
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Appendix
Expenditures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Page 5
Appendix
Long-term Liabilities Principal
Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500 Php500
Repayment
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Appendix
Purchase Other Current Assets Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Purchase Long-term Assets Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Dividends Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Subtotal Cash Spent Php56,489 Php63,57 Php69,53 Php66,77 Php74,78 Php78,72 Php81,34 Php86,369 Php82,967 Php85,308 Php74,582 Php62,561
9 3 5 6 2 9
Net Cash Flow (Php989) Php5,209 Php8,754 Php10,37 Php14,23 Php15,97 Php20,13 Php24,881 Php25,241 Php27,772 Php19,956 Php12,864
5 9 7 2
Cash Balance Php9,011 Php14,22 Php22,97 Php33,34 Php47,58 Php63,56 Php83,69 Php108,57 Php133,81 Php161,59 Php181,54 Php194,41
0 4 9 8 5 7 8 9 1 7 1
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Appendix
Current Assets
Cash Php10,000 Php9,011 Php14,22 Php22,97 Php33,34 Php47,58 Php63,565 Php83,697 Php108,57 Php133,81 Php161,59 Php181,54 Php194,41
0 4 9 8 8 9 1 7 1
Accounts Receivable Php0 Php4,500 Php5,213 Php5,925 Php5,775 Php6,750 Php7,131 Php7,650 Php8,400 Php8,093 Php8,513 Php6,975 Php5,550
Inventory Php15,000 Php17,90 Php20,60 Php24,07 Php22,71 Php27,62 Php29,591 Php31,640 Php34,410 Php32,805 Php34,625 Php28,525 Php22,675
0 0 5 0 5
Other Current Assets Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500 Php5,500
Total Current Assets Php30,500 Php36,91 Php45,53 Php58,47 Php67,33 Php87,46 Php105,78 Php128,48 Php156,88 Php180,21 Php210,22 Php222,54 Php228,13
1 2 4 4 3 7 7 8 6 9 7 6
Long-term Assets
Long-term Assets Php12,500 Php12,50 Php12,50 Php12,50 Php12,50 Php12,50 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500
0 0 0 0 0
Accumulated Depreciation Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Total Long-term Assets Php12,500 Php12,50 Php12,50 Php12,50 Php12,50 Php12,50 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500 Php12,500
0 0 0 0 0
Total Assets Php43,000 Php49,41 Php58,03 Php70,97 Php79,83 Php99,96 Php118,28 Php140,98 Php169,38 Php192,71 Php222,72 Php235,04 Php240,63
1 2 4 4 3 7 7 8 6 9 7 6
Liabilities and Capital Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Current Liabilities
Accounts Payable Php5,000 Php8,888 Php10,26 Php12,22 Php10,20 Php14,50 Php14,345 Php15,538 Php17,178 Php15,017 Php16,946 Php11,522 Php8,695
0 4 0 1
Current Borrowing Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0 Php0
Other Current Liabilities Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000 Php5,000
Subtotal Current Liabilities Php10,000 Php13,88 Php15,26 Php17,22 Php15,20 Php19,50 Php19,345 Php20,538 Php22,178 Php20,017 Php21,946 Php16,522 Php13,695
8 0 4 0 1
Long-term Liabilities Php25,000 Php24,50 Php24,00 Php23,50 Php23,00 Php22,50 Php22,000 Php21,500 Php21,000 Php20,500 Php20,000 Php19,500 Php19,000
0 0 0 0 0
Total Liabilities Php35,000 Php38,38 Php39,26 Php40,72 Php38,20 Php42,00 Php41,345 Php42,038 Php43,178 Php40,517 Php41,946 Php36,022 Php32,695
8 0 4 0 1
Paid-in Capital Php15,300 Php15,30 Php15,30 Php15,30 Php15,30 Php15,30 Php15,300 Php15,300 Php15,300 Php15,300 Php15,300 Php15,300 Php15,300
0 0 0 0 0
Retained Earnings (Php7,300) (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300 (Php7,300
) ) ) ) ) ) ) ) ) ) ) )
Earnings Php0 Php3,023 Php10,77 Php22,25 Php33,63 Php49,96 Php68,942 Php90,949 Php118,21 Php144,19 Php172,78 Php191,02 Php199,94
2 0 4 1 1 9 3 5 0
Total Capital Php8,000 Php11,02 Php18,77 Php30,25 Php41,63 Php57,96 Php76,942 Php98,949 Php126,21 Php152,19 Php180,78 Php199,02 Php207,94
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3 2 0 4 1 1 9 3 5 0
Total Liabilities and Capital Php43,000 Php49,41 Php58,03 Php70,97 Php79,83 Php99,96 Php118,28 Php140,98 Php169,38 Php192,71 Php222,72 Php235,04 Php240,63
1 2 4 4 3 7 7 8 6 9 7 6
Net Worth Php8,000 Php11,02 Php18,77 Php30,24 Php41,63 Php57,96 Php76,942 Php98,949 Php126,21 Php152,19 Php180,78 Php199,02 Php207,94
3 2 9 4 1 1 9 3 5 0
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