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jaypinggolveyra
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i

UNIVERSITY OF MINDANAO
Bolton St., Davao City

College of Accountancy

A Feasibility Study
On

Options Sports Grill

Presented to:

PROF. EDUARDO G. DE GRACIA, CPA, MBA, DBA IN UNITS


Instructor

Presented by:

Atienza, Dwight John L.


Bañes, Noel Fersan V.
Beit, Sarah Jane
Dagatan, Ricardo L. Jr.
Marcellones, Ricardo L.
Petalcorin, Cedric Ian Carlo E.

August 24, 2009


ii

APPROVAL SHEET

This feasibility study “Options Sports Grill” is prepared and submitted by Ricardo L.

Marcellones, Cedric Ian Carlo E. Petalcorin, Noel Fersan V. Bañes, Dwight John L. Atienza,

Ricardo L. Dagatan Jr., and Sarah Jane Beit, to the faculty of the College of Accountancy as

contribution in fulfillment of the requirements for the degree of Bachelor of Science in

Accountancy.

PROF. EDUARDO DE GRACIA, CPA, MBA, DBA in units


Instructor
iii

CERTIFICATION

This is to certify that Ricardo L. Marcellones, Cedric Ian Carlo E. Petalcorin, Noel Fersan

V. Bañes, Dwight John L. Atienza, Ricardo L. Dagatan Jr., and Sarah Jane Beit, have conducted

their feasibility study under the supervision of Prof. Eduardo G. de Gracia. I hereby

recommended as their Adviser and Financial Analyst by this office to assist the group throughout

its research completion.

Certified by:

PROF. SONY H. SAILADIN, CPA, MBA


Adviser and Financial Analyst
iv

CERTIFICATION

This is to certify that Ricardo L. Marcellones, Cedric Ian Carlo E. Petalcorin, Noel Fersan

V. Bañes, Dwight John L. Atienza, Ricardo L. Dagatan Jr., and Sarah Jane Beit, have conducted

their feasibility study under the supervision of Prof. Eduardo G. de Gracia. I hereby

recommended as their Grammarian by this office to assist the group throughout its research

completion.

Certified by:

PROF. MA. CECILIA LEA BANTILAN


Grammarian
v

PANEL OF EXAMINERS

Accepted and approved for final defense on August 29, 2009 in partial fulfillment of the

requirements in Management Advisory Services 3 (Feasibility Study).

Favorably endorsed for approval to the College of Accountancy, University of Mindanao,

Davao City.

PROF. VICENTE B. BANDA, CPA, MBA


Head Committee
vi

ACKNOWLEDGEMENT

The researchers would like to express their heart felt gratitude to the following people

who contributed to the success of the Feasibility Study.

Mr. Eduardo de Gracia, beloved and heart-warming professor who helped us to

understand the different aspects of Project Feasibility Study and how it could help researchers as

entrepreneurs.

Mr. Sony H. Sailadin, researchers’ financial adviser and analyst, for the assistance and

advices in the accomplishment of the project.

Mrs. Ma. Cecilia Lea Bantilan, researchers’ grammarian, for the effort and time she had

spent in editing the works.

To the parents of Noel Fersan V. Bañes and Cedric Ian Carlo E. Petalcorin for the stay

and accommodation while they are doing their research.

To the parents who always give their moral and financial support in the struggle of life.

To the Almighty GOD who gives wisdom, knowledge, strength, blessings and for leading

the researchers in the right direction.


vii

TABLE OF CONTENTS

Page

Title Page i

Approval & Acceptance Sheet ii

Approval & Endorsement Sheet v

Acknowledgment vi

Table of Contents vii

Executive Summary x

I. INTRODUCTION

Background of the Study 1

Significance of the Study 2

Objective of the Study 2

Definition of Terms 3

II. MARKETING ASPECT

Four (4) P’s of Marketing 5

Price Comparison 7

S.W.O.T. Analysis 8

Survey 9

Demand and Supply Analysis 16


viii

III. TECHNICAL ASPECT

Location Map 33

Floor Plan 34

Production Layout 35

Furniture, Fixture & Equipment 36

Supplies 37

Gantt Chart 38

Production Flow Chart 39

Production Procedures 41

IV. MANAGEMENT ASPECT

Organizational Chart 45

Job Description 46

Operating Hours 53

V. FINANCIAL ASPECT

Start – Up Cost 55

Comprehensive Income Statement 56

Statement of Financial Position 57

Statement of Cash Flows 58

Notes to Financial Statements 59

Financial Statement Analysis 62


ix

VI. SOCIO – ECONOMIC ASPECT 63

VII. FINDINGS, CONCLUSIONS, & RECOMMENDATIONS 65

VII. CURRICULUM VITAE


x

EXECUTIVE SUMMARY

Options Sports Grill is a grill restaurant that offers various grilled food. The nature of this

restaurant is sports-themed and has amenities that the customer can enjoy either to play games,

watch games, or simply hang-out. This restaurant is located along F. Torres Street in Davao City,

and is within striking distance of the renowned F.Torres Compound.

The target market of the business is employed single individuals, 20 – 24 years old,

regardless of gender. The establishment also provides opportunities for employment. The

business also pays a healthy amount of taxes to the government.

Finally, our Financial Aspect has information about Projected Income Statement, Balance

Sheet, Statement of Cash Flows, and Notes to the Financial Statements. The return on investment

for the first year is 32%, the accounting rate of return for the first year is 5.78%, the current ratio

for the first year is 2.95:1, and the payback period is just .98 years or 11 months and 23 days.

The proponents believe that this project will be feasible and profitable.
1

INTRODUCTION

Background of the Study

Sports grills are restaurants that blend dining and sports together. These

restaurants offer their customers the ambience of the genuine sports experience that one

may enjoy while eating his favorite dishes – without the hassle of food preparation.

Sports grills are often places where people gather to watch sports games while

dining and drinking with their sports buddies. These restaurants also gather people

together to play their favorite games and just simply hang-out.

Sports grills are abundant in the United States because of the huge following of

the population over there in different sports, like American football, baseball, basketball,

and many more. Here in the Philippines, there is a notably popular one which is the

National Sports Grill, located in Metro Manila. Here in Davao City, there are restaurants

that attempt to give the customers that blend of dining and sports but are not really

dedicated sports grills such as the National Sports Grill in Manila. Basically speaking, the

industry is still very young here in our country, but very promising as well especially here

in Davao City.
2

Statement of the Study

The idea of putting up a sports-themed grill in Davao City is relatively young and

promising. Presently, there is no such kind of establishment that offers what the owners

are planning to feature their restaurant once it is established. It would definitely be one of

the pioneers, if not the first to be put up in this sprawling metropolis.

The market being targeted by the proponents of this study is based on socio-

demographic figures which include population, educational status, civil status, and

employment status.

The ownership of the business would be a partnership formed by six capitalist-

industrial partners.

Objective of the Study

The study would be of help to people who may one day be interested in putting up

a new business that is unique in nature. This study would also be very helpful to the

economy as it gives job opportunities to the unemployed and also the success of this

endeavor would bring a positive impact to the economy as a whole. There is a growing

need for putting up this kind of business because of the fact that more people are now

inclined in sports, due to the revival of the love of sports of the Filipino people because of

many Filipinos excelling in their different fields in arts and sports.


3

Definition of Terms:

1. Sports Grill – a grill restaurant that is furnished and design sportily, and its

amenities may include sports equipments for the customers to play while drinking

and dining.

2. Table Soccer – a table-top sport that is based on soccer/football.

3. Arcade Basketball – a mini-basketball game found in many arcades.

Rates used in this study

1. Inflation Rate

= 3.8% is the inflation rate assumed by the proponents for the prices of sales,

costs, and variable expenses.

2. Population Growth Rate

= 2.41% is the current population growth rate of Davao City from 2000-2007

3. Socio-Demographic Figures

= is based on the latest complete Population Census of 2000


4

MARKETING

ASPECT
5

Product

Product is anything that can be offered to a market that might satisfy a want or

need.

Options Sports Grill features grilled dining that Davao City has never

experienced. Davao city has never had a sports themed grill house to be put up as a

business. From this fact, the partners owning Options Sports Grill thought up of a

strategic plan to enable them to put up this kind of business.

This establishment features one of the most promising services here in Davao

City. Customers can enjoy their favourite grilled food while watching their favourite

sports game. Another feature in this establishment is that customers can also choose to

play some indoor games while enjoying their beers and snacks.

Price
Options Sports Grill uses the penetration pricing strategy. Penetration pricing

strategy is the pricing technique of setting a relatively low initial entry price, often lower

than the eventual market price to attract more customers.

Placement

Placement refers to how the products get to the customers. This third P has also

been called place, referring to the channel by which a product or service is sold.

Example; Which geographic region or industry, to which segment (young adults,

families, business people), etc. It also refers to how the environment in which the product

is sold and can affect sales.


6

Promotion

Promotion involves disseminating information about a product, product line,

brand or company. The partnership decided to use the following methods as a mean to

their advertising strategy:

• Promotions in social networking sites

• Print ads
7

Price Comparisons

Food and Beverage

Banok’s Options Sports Grill

Pork Liempo Meal 55 w/ reg softdrinks 65 Pork Liempo Meal 55

Chicken BBQ Meal 55 Chicken BBQ Meal 55

Pork BBQ Meal 45 w/ reg softdrinks 55 Pork BBQ Meal 45

Soft Drinks 8oz 12 Soft Drinks 12

Mango juice 29 Fruit Flavored Juices 15

Pine orange juice 25 Iced Tea 15

Icea tea 18 Bottled Water 15

Bottled water 29 San Miguel Light 35

Fresh buko juice 30 Red Horse Stallion 35

San Miguel light 30 San Miguel Pale Pilsen 35

Red horse stallion 30

Idol Grill

San Miguel Light 35

Red Horse Stallion 35

San Miguel Pale Pilsen 35

5+1 Beer Bucket 188


8

S.W.O.T Analysis

Strengths:

1. New trend of business in the city.

2. First sports themed grill in the city.

3. The demand for grilled food is relatively high.

4. Location is very accessible.

5. Friendly environment.

Weaknesses:

1. There are many established competitors.

2. Limited parking space.

Opportunity:

1. Offers lots of job opportunities.

2. Promotes a Yes to sports – No drugs campaign.

Threats:

1. Inflation of prices is very unpredictable.

2. Rising and upcoming competitors.


9

Survey:

1. Gender

Gender

45% Male

55% Female

Figure 1.1 shows that there is a little difference in the distribution of the market as to

gender.

Age

Age

6%
8% 17 below
18-25
26-32
24%
61% 33-40
41 above

Figure 1.2 shows the majority of the respondent age from 18 – 25 years.
10

2. Civil Status

Civil Status
0% 0%

21%
Single
Married
Separated
Widow / Widower
79%

Figure 1.3 shows the majority of the respondents are single.

3. Educational Attainment

Figure 1.4 shows that there is an even distribution among the respondents that graduated

in college and that are still studying.


11

4. Occupation

Occupati Chart Title Occupati


on, on,
Occupati
Employe Unemplo
on,
d, 56%, yed, 6%,
Student,
56% 6%
Student38%,
38%
Employed
Unemployed

Figure 1.5 shows that majority of the respondents who took the survey are

employed individuals.

5. Monthly Salary/ Allowance

Figure 1.6 show that majority of the respondents earn P10, 000 and below.
12

II. Product Information

1. Do you eat at grill restaurants?

Chart Title Percenta


ge of
People
eating in
Grilled
Restaura
nts,Yes

No
Percenta
ge of
People
eating in
Grilled
Restaura
nts,…

Figure 2.1 shows the almost all of the respondents like to eat at grill restaurants.

2. How often does a respondent eat at grill restaurants in a week?

No. of Chart Title No. of


Times, Times,
Everyday
Eating in Eating in
Grilled Grilled
Restaura 5-6 times a
Restaura
nts, weeknts,nts,5-6
None,… 3-4 times aa…
times
Everyd…
No. of week No. of
Times, Times,
1-2 times a
Eating in week Eating in
Grilled Grilled
Restaura NoneRestaura
nts, 1-2 nts, 3-4
times a… times a…

Figure 2.2 shows that 66% of the respondents eat at grill restaurants 1 – 2 times a

week, 22% at 3 – 4 times a week, the remaining are relatively the same.
13

3. What particular kind of grilled meal does a respondent orders.

Figure 2.3 shows that most of the respondents like to eat chicken and pork
barbeque.

4. What does a proponent drink together with his grilled food?

Chart Title Drinks ,


Drinks ,
Others,
Juices,
4%, 4%
10%,
10% Soft drinks
Beer
Drinks , Iced tea
Iced tea, Drinks
29%, Juices
, Soft
29% drinks,
Others
52%,
Drink 52%
s,
Beer,
5%,

Figure 2.4 shows that majority of the proponents prefer to drink soft drinks

together with their grilled meal.


14

5. Does a respondent drink liquor?

Figure 2.5 shows that there is almost an even distribution among the respondents

that like to drink liquor.

6. What kind of liquor does a proponent drink?

Type
Typeofof Chart Title Type of
Liquor
Liquor Liquor
Beer
Usually
Usually Usually
Gin
Taken,
Taken, Taken,
Type of
Brandy,
Others,
Whisky, Cocktails
Rhum
Liquor
0%,
7%,
4%,0%
7%
4% , 14%,…
Usually Tequila
Taken,
Type of Vodka
Type of Beer, Type Type of
Liquor
Liquor 44%,… of Brandy
Liquor
Usually
Usually
Taken, LiquorWhisky
Usually
Taken,
Vodka, Usually Taken,
Tequila,
6%, 6% Taken,Cocktails
Gin,
8%, 7% Rhu… 11%,…

Figure 2.6 shows that most of the respondents like to drink beer.
15

7. What restaurant location does a respondent prefer?

Figure 2.7 show that most of the respondents find F. Torres St. very accessible.

III.

1. The proponents if this study is planning to put up a sport – themed grill here in

Davao City. Would you be interested to come and try it with your family and

friends?

Figure 3 shows that majority of the respondents like the idea of the proponents of this
study.
16

Determining the Demand of the Target Market, and the Supply of the nearby
Competitors

Based on 2000 Population Census


Age Bracket Total Male Female
20 - 24 Years Old 117083 56791 60292

Current Population Growth Rate 2.41%


Employment Rate 93.8%
Percentage who eat Grilled Food 97%
Percentage who go to F. Torres 65%
Percentage who drink alcoholic drinks 53%
Percentage who prefer drinking beer 44%

20 - 24 Years Old, Single, Employed 75,525


- Eat Grilled Foods 73,260
- Who prefer going to F. Torres 47,619

Times in a week eat grilled food


Everyday 2%
5-6 Times 3%
3-4 Times 22%
1-2 Times 66%

Estimated Beer Bottles drank in a week


- Average of 5 bottles/person/week

Demand for Grilled Food in the F. Torres Area


Estimated Demand for Food Orders
Everyday 47,619 x 7 x 2% = 6,667
5-6 times a week 47,619 x 5 x 2% 7,143
3-4 times a week 47,619 x 3 x 22% 31,429
1-2 times a week 47,619 x 1 x 66% 31,429
Estimated Total Demand in a week 76,668 x 52 3,986,736

Demand for Beer in the F. Torres Area


20 - 24 Years Old, Single, Employed 75,525
- Drink Alcoholic Drinks 40,029
- Prefer drinking Beer 17,613
- Prefer going to F. Torres 11,449
Estimated Total Demand in a week 57,245 x 52 2,976,740
16

the Supply of the nearby

Single
80517

in a year

in a year
17

Projected Demands for the next 5 Years (in orders)

Grilled Food Formula - Current Demand * 1.0241


Year 1 3,986,736
Year 2 4,082,816
Year 3 4,181,212
Year 4 4,281,979
Year 5 4,385,175

Beer
Year 1 2,976,740
Year 2 3,048,479
Year 3 3,121,948
Year 4 3,197,187
Year 5 3,274,239

Supply for Grilled Food in the F.Torres Area

there are currently 10 restaurants within the area that serve grilled foods

1 restaurant have the average capacity to serve 7000 customers a week


1 restaurant have the average capacity to serve 5000 customers a week
6 restaurants have the average capacity to serve 4000 customers a week
2 restaurants have the average capacity to serve 3000 customers a week
Total Supply that the current competitors can currently supply is =

Supply for Beer in the F. Torres Area

1 restaurant who currently has 100 tables 100


5 restaurants with around 60 tables 300
2 restaurants with around 50 tables 100
2 restaurants with around 40 tables 80
Total Number of Tables 580
30-60% capacity during weekdays
60-90% during weekends and holidays
Occupied Tables
580 x 40%
580 x 80%
Occupied Tables in a week

Based on interview to the suppliers, each table orders an average of 3 buckets or 18 bottles of
2,088 x 18 = 37,584 bottles of beer a week
17

+ 2.41% 4,082,816
+ 2.41% 4,181,212
+ 2.41% 4,281,979
+ 2.41% 4,385,175
+ 2.41% 4,490,858

+ 2.41% 3,048,479
+ 2.41% 3,121,948
+ 2.41% 3,197,187
+ 2.41% 3,274,239
+ 2.41% 3,353,148

Totals
7,000
5,000
24,000
6,000
42,000

232 x5 1160
464 x2 928
2088

s an average of 3 buckets or 18 bottles of beer


18

Share in Market Gap

Food Beer
Tables Seats Total Seats Tables
38 4 152 38

working hours weekday hours


hours capacity number 1 5% 1.9
1 60% 91 1 5% 1.9
1 60% 91 1 20% 7.6
1 30% 46 1 20% 7.6
1 30% 46 1 35% 13.3
1 30% 46 1 35% 13.3
1 30% 46 45.6 29.64
1 10% 15 30
1 10% 15 HOURS
396 257.4 4 1029.6 1 15% 5.7
working hours weekend 1 15% 5.7
1 80% 122 1 30% 11.4
1 80% 121.6 1 30% 11.4
1 50% 76 1 30% 11.4
1 50% 76 1 30% 11.4
1 50% 76 1 60% 22.8
1 50% 76 1 60% 22.8
1 20% 30.4 102.6 66.69
1 20% 30.4
1 20% 30.4 30 x 5 150
1 20% 30.4 69.69 x 2 133.38
1 10% 15.2 283.38
1 10% 15.2
699 454.35 3 1363.05 1698
2392.65 88296
x52
124417.8
19

Forecasted Demand and Supply

current growth rate of


population = 2.41% target increase in market gap = 10% increase of current share for the next 5 years

Grilled Food = in orders

Year Demand Supply Demand Gap Share in Market


Percentage
gap%inin
Gap
total %
supply
in total demand
1 3,986,736 2,184,000 1,802,736 124,418 6.90% 5.39% 3.12%
2 4,082,816 2,236,634 1,846,182 136,860 7.41% 5.77% 3.35%
3 4,181,212 2,290,537 1,890,675 150,546 7.96% 6.17% 3.60%
4 4,281,979 2,345,739 1,936,240 165,600 8.55% 6.59% 3.87%
5 4,385,175 2,402,272 1,982,904 182,160 9.19% 7.05% 4.15%

Beer = in bottles
Year Demand Supply Demand Gap Share in Market
% in gap
gap% in total %
supply
in total demand
1 2,976,740 2,551,536 425,204 88,296 20.77% 3.34% 2.97%
2 3,048,479 2,613,028 435,451 97,126 22.30% 3.58% 3.19%
3 3,121,948 2,676,002 445,946 106,838 23.96% 3.84% 3.42%
4 3,197,187 2,740,494 456,693 117,522 25.73% 4.11% 3.68%
5 3,274,239 2,806,540 467,699 129,274 27.64% 4.40% 3.95%
20

Percentage Breakdown of Grilled Food Orders

Chicken Barbecue 62
Pork Barbecue 45
Grilled Pork Belly 15
122

Total Grilled Food Orders


Chicken Barbecue 50.82%
Pork Barbecue 36.89%
Grilled Pork Belly 12.30%

Percentage Breakdown of Drinks while eating Grilled Food

Soft Drinks 57
Beer 6
Iced Tea 32
Juice 11
106
Total Orders
Soft Drinks 53.77%
Beer 5.66%
Iced Tea 30.19%
Juice 10.38%
20

50.82%
36.89%
12.30%
100.00%

124,418
62,376
45,519
15,173

53.77%
5.66%
30.19%
10.38%

124,418
66,904
7,043
37,560
12,911
21

Demand and Supply Analysis

Demand
Supply

Figure 4.1 shows the demand and supply of grilled foods orders for the next five years.

Demand
Supply

Figure 4.2 shows the demand and supply of beer for the next five years.
22

Forecasted Sales

• Forecasted sales for chicken barbeque

Year Forecasted Sales for Chicken Barbecue


1 63,726 55.00 3,504,930.00
2 65,262 57.09 3,725,795.97
3 66,835 59.26 3,960,579.98

4 68,445 61.51 4,210,159.10

5 70,095 63.85 4,475,465.64

Chart Title

1
2
3
4
5

Year Forecasted Sales for Pork Barbecue


23

1 45,519 45.00 2,048,355.00

2 46,616 46.71 2,177,433.73

3 47,739 48.48 2,314,646.46

4 48,890 50.33 2,460,505.76

5 50,068 52.24 2,615,556.49


• Forecasted sales for pork barbeque

Chart Title

1
2
3
4
5
24

• Forecasted Sales for Grilled Pork Belly

Year Forecasted Sales for Grilled Pork Belly

1 15,173 55.00 834,515.00

2 15,539 57.09 887,102.63

3 15,913 59.26 943,004.11

4 16,297 61.51 1,002,428.27

5 16,689 63.85 1,065,597.09

Chart Title

1
2
3
4
5
25
26

• Forecasted Sales for Grilled Foods

Forecasted Forecasted Forecasted


Year
Sales for Sales for Sales for Forecasted Total
Chicken Pork Grilled Pork Sales for Grilled
Barbecue Barbecue Belly Foods

1 3,504,930.00 2,048,355.00 834,515.00 6,387,800.00

2 3,725,795.97 2,177,433.73 887,102.63 6,790,332.33

3 3,960,579.98 2,314,646.46 943,004.11 7,218,230.55

4
4,210,159.10 2,460,505.76 1,002,428.27 7,673,093.12

5 4,475,465.64 2,615,556.49 1,065,597.09 8,156,619.23

Chart Title

1
2
3
4
5
27

• Forecasted Sales for Beer

Year Demand Selling Total


price
1 88,296 18.00 1,589,328.00

2 97,126 18.68 1,814,694.71


3 106,838 19.39 2,072,018.42

4 117,522 20.13 2,365,830.63

5 129,274 20.90 2,701,305.42

Chart Title

1
2
3
4
5
28

• Forecasted sales of Soft Drinks

Year Demand Selling price Total

1 66,904 12.00 802,848.23

2 73,594 12.46 916,692.10

3 80,954 12.93 1,046,679.05

4 89,049 13.42 1,195,098.13

5 97,954 13.931 1,364,563.05

Chart Title

1
2
3
4
5
29

• Forecasted sales of Iced Tea

Year Demand Selling price Total

1 37,560 15.00 563,402.26

2 41,316 15.57 643,292.71

3 45,448 16.16 734,511.61

4 49,993 16.78 838,665.36

5 54,992 17.413 957,588.10

Chart Title

1
2
3
4
5
30

• Forecasted Sakes of Fruit Flavored Juices

Selling Total
Year Demand price

1 12,911 15.00 193,669.53

2
14,202 15.57 221,131.87

3 15,623 16.16 252,488.37

4 17,185 16.78 288,291.22

5 18,903 17.413 329,170.91

Chart Title

1
2
3
4
5
31

• Forecasted sales of beer (while eating Grilled meal)

Year Demand Selling price Total

1 7,043 35.00 246,488.49

2 7,747 36.33 281,440.56

3 8,521 37.71 321,348.83

4 9,374 39.14 366,916.09

5 10,311 40.631 418,944.80

Chart Title

1
2
3
4
5
32

• Forecasted sales of Drinks (while eating grilled meal)

Year Soft drinks Beer Iced tea Fruit Total


Flavored
Juices

1 802,848.23 246,488.49 563,402.26 193,669.53 1,806,408.51

2
916,692.10 281,440.56 643,292.71 221,131.87 2,062,557.24

3 1,046,679.05 321,348.83 734,511.61 252,488.37 2,355,027.85

4 1,195,098.13 366,916.09 838,665.36 288,291.22 2,688,970.80

5 1,364,563.05 418,944.80 957,588.10 329,170.91 3,070,266.86

Chart Title

1
2
3
4
5
33

TECHNICAL

ASPECT
34

LOCATION MAP
35

FLOOR PLAN
36

PRODUCTION LAYOUT
37

FURNITURE, FIXTURES & EQUIPMENTS:

Estimated Price
Quantity Equipment (each/set) Total Price

4 29inch Television set Php 16,484.00 Php 65,936.00


4 air-condition 22,000.00 88,000.00
2 sets billiard table 54,000.00 108,000.00
4 sets dart board 1,400.00 5,600.00
1 desktop computer 25,000.00 25,000.00
1 cash register 5,000.00 5,000.00
5 sets rice cooker 3,000.00 15,000.00
4 sets ceiling fan 2,000.00 8,000.00
38 tables 2,000.00 76,000.00
152 chairs 250.00 38,000.00
8 set couch 5,000.00 40,000.00
1 set sound system 30,000.00 30,000.00
1 wifi internet - router 5,000.00 5,000.00
1 set kitchen equipment 20,000.00 20,000.00
1 refrigerator 8,000.00 8,000.00
1 freezer 12,978.00 12,978.00
2 table soccer game 3,750.00 7,500.00
2 basketball arcade 6,050.00 12,100.00
2 exhaust fan 595.00 1,190.00
2 large grill 10,000.00 20,000.00

Php 232,507.00 Php 591,304.00


38

SUPPLIES:

Estimated Price
Quantity Equipment (each/set) Total Price

300 plastic plate Php 30 Php 9,000.00


300 water glass 25 7,500.00
300 spoon & fork 15 4,500.00
300 soup bowl 25 7,500.00
300 saucer 20 6,000.00
5 knife 50 250.00
40 toothpick 5 200.00
20 pitcher 75 1,500.00
50 table napkin 12 600.00
15 tray 100 1,500.00
6 hand soap 10 60.00
dishwashing
20 liquid 10 200.00
5 spray 50 250.00
4 floor signs 100 400.00
6 air freshener 60 360.00
4 mops & buckets 300 1,200.00
toilet bowl
2 cleaners 100 200.00
4 brooms 20 80.00
20 toilet paper 12 240.00

Php 1,019.00 Php 41,540.00


39

GANTT CHART

Activity Jul. Aug. Sept. Oct. Nov. Dec. Jan.

Find a suitable business location

Canvass for equipments

Publish in the classified ads the


manpower the business
required

Apply for a business permit

Sign the rent contract

Look for a contractor

Renovation work

Purchase furniture and fixtures

Hiring of Applicants

Delivery and installations of


major equipments, furniture
and fixtures.

Orientation of workers

Grand opening of the business


40

PRODUCTION FLOW CHART

ACTIVITY DESCRIPTION IMMEDIATE TIME REQUIRED


PREDESSOR
1 Continuous 8 hrs.
showing of a sports
event.

2 Greet and escort 3 min.


customers to their
table.
3 Get the customer’s 2 5 min
order.
4 Give their order to 3 2 min
the cashier.
5 Cashier gives the 4 2 min
order slip to the
chef or bartender.
6 Chef cooks and 5 15 min
prepares the food.
Bartender prepares
the liquor.
7 A crew serves the 6 2 min
order.
8 Customer enjoys 7
their meal and
drinks while
watching their
favorite sports
event.
9 Bill the customer 8 2 min
10 Receive the 10 3 min
payment of the
customer.
11 Clean the tables 11 1 min
after customers eat.
41

ACTIVITY DESCRIPTION IMMEDIATE TIME REQUIRED


PREDESSOR
1 Receive the 3 min
customer’s request.

2 Ask for payment for 1 2 min


the usage.
3 Receive payment 2 2 min
from the customers.

4 Customer plays the 3 1 hr minimum


game he wants.
42

PRODUCTION PROCEDURE:

Pork Barbeque

½ kilo pork (pierna) Salt

1 cup soy sauce Pepper

5 pcs. Calamansi 8 oz. Sprite

1 head Garlic

Procedure:

1. Cut pork into rectangular shape about ¼ inches thin.

2. Marinate it with soy sauce, calamansi, garlic, salt, pepper. Pour some of

the sprite. Mix well.

3. Marinate over night

4. String the pork on barbeque sticks about 3 -4 slices.

5. Grill over hot live charcoals.

6. Spread the barbeque sauce.

Ingredients Quantity Unit Unit Cost Amount

pork pierna 1/2 kl. Php 81.00 Php 81.00


soy sauce 1 cup 4.35 4.35
calamansi 5 pcs 2.00 2.00
head garlic 1 pc 4.00 4.00
salt 1 tbsp 2.00 2.00
pepper 1 tsp 2.00 2.00
Sprite 8 oz 8.00 8.00
Total Materials Cost Php 103.35
Divided by No. of
orders 4
Unit Cost 25.84
Plus Cost of Rice 10.00
Cost of Meal Php 35.84
43

Chicken Barbeque

5 pcs. Chicken breast or thigh salt

1 cup soy sauce pepper

5 pcs. Calamansi 8 oz. sprite

1 head Garlic

Procedure:

1. Wash and clean the chicken.

2. Marinate it with soy sauce, calamansi, garlic, salt, pepper. Pour some of

the sprite. Mix well.

3. Marinate over night

4. String the chicken on barbeque sticks.

5. Grill over hot live charcoals.

6. Spread the barbeque sauce.

Ingredients Quantity Unit Unit Cost Amount


5 pcs. Chicken breast or
thigh 5 pcs Php 135.00 Php 135.00
1 cup soy sauce 1 cup 4.35 4.35
5 pcs calamansi 5 pcs 2.00 2.00
1 head garlic 1 pc 4.00 4.00
salt 1 tbsp 2.00 2.00
pepper 1 tsp 2.00 2.00
8 oz Sprite 8 oz 8.00 8.00
Total Materials Cost Php 157.35
Divided by No. of
orders 5
Unit Cost 31.47
Plus Cost of Rice 10.00
Cost of Meal Php 41.47
44

Grilled Pork Belly

½ kilo pork chop salt

1 cup soy sauce pepper

8 pcs. Calamansi

Procedure:

1. Wash the pork chop and put it in a container.

2. Pour soy sauce and squeeze some calamansi. Sprinkle salt and pepper.

Mix well

3. Marinate overnight.

4. Grill over hot live charcoals.

5. Spread the barbeque sauce.

Ingredients Qty. Unit Unit Cost Amount


1/2 kilo pork chop 1/2 kl 97.50 Php 97.50
1 cup soy sauce 1 cup 4.35 4.35
8 pcs. Calamansi 8 pcs 4.00 4.00
Salt 1 tbsp 2.00 2.00
Pepper 1 tsp 3.00 3.00
Total Materials Cost Php 110.85
Divided by No. of
orders 3
Unit Cost 36.95
Plus Cost of Rice 10.00
Cost of Meal Php 46.95
45

MANAGEMENT

ASPECT
46
47

Operations Department Manager:

He is responsible for the flow of the operation of the business.

He is in charge in supervising the following:

• Job Description: Dishwasher

Duties & Responsibilities

- Take charge in washing dishes and kitchen utensils

- Maintain cleanliness in washing area

- Assist in cooking

Qualifications:

- 18 – 23 yrs. Old

- Male or Female

- Single

- At least High School graduate

Wages: P 100 /working day

• Job Description: Waiter

Duties & Responsibilities

- Take charge in service area

- Maintain cleanliness in surroundings

- Take charge in tables and chairs arrangement


48

Qualifications:

- 18 – 23 yrs. Old

- Male or Female

- Single

- College level (Hotel and Restaurant Management major)

Wages: P 125/ working day

• Job Description: Cook

- Take charge in preparation of food

- Maintain cleanliness in the working place

Qualifications:

- 18 – 23 yrs. Old

- Male or Female

- Single

- College level

- Must know how to cook

Wages: P 150/ working day

• Job Description: Griller

- Ensure safety of all equipment and machines of the business

- Take charge in preparation of food

Qualifications:

- 18 – 23 yrs. Old
49

- Male

- Single

Wages: P 200/ working day

Purchasing Department Manager:

An employee within a company, business or other organization who is responsible

at some level for buying or approving the acquisition of goods and services needed by the

company. The position responsibilities may be the same as that of a buyer or purchasing

agent, or may include wider supervisory or managerial responsibilities. A Purchasing

Manager may oversee the acquisition of materials needed for production, general supplies

for offices and facilities, equipment, or construction contracts. A Purchasing Manager

often supervises purchasing agents and buyers, but in small companies the Purchasing

Manager may also be the purchasing agent or buyer.

Human Resource Department Manager:

Serves these key functions:

1. Recruitment & Selection

2. Training and Development (People or Organization)

3. Performance Evaluation and Management

4. Promotions/Transfer

5. Redundancy

6. Industrial and Employee Relations


50

7. Record keeping of all personal data.

8. Compensation, pensions, bonuses etc in liaison with Payroll

9. Confidential advice to internal 'customers' in relation to problems at work

10. Career development

11. Competency Mapping

12. Time motion study is related to HR Function

13. Performance Appraisal

Finance Department Manager:

The general areas of finance are business finance, personal finance, and public

finance. Finance includes saving money and often includes lending money. The field of

finance deals with the concepts of time, money and risk and how they are interrelated. It

also deals with how money is spent and budgeted.

• Job Description: Cashier

- Receives and issues receipt in all money paid and received by the business

- Have custody in all funds and profits of the business

- Keep all reports and deposit all cash sales for the day.

Qualifications:

- 18 – 23 yrs. Old

- Female

- Single
51

- College level

- Must have good communication skills

Wages: P 200

Accountant:

A practitioner of accountancy, which is the measurement, disclosure or provision of

assurance about financial information that helps managers, investors, tax authorities and

other decision makers make resource allocation decisions.

• Job Description: Bookkeeper

- A person who records the day-to-day financial transactions of an

organization.

- Prepares the different financial statements needed by the business.

Qualification:

- Single

- 24 – 35 yrs. old

- Male or female

- Must have sufficient knowledge in bookkeeping.

- Computer literate

- Can work under pressure

Wages: P 3, 000/ month


52

Administrative Department Head:

Administrators, broadly speaking, engage in a common set of functions to meet the

organization's goals. These "functions" of the administrator were described by Henri

Fayol.

§ Planning is deciding in advance what to do, how to do it, when to do it, and who

should do it. It maps the path from where the organization is to where it wants to be.

The planning function involves establishing goals and arranging them in logical

order. Administrators engage in both short-range and long-range planning.

§ Organizing involves identifying responsibilities to be performed, grouping

responsibilities into departments or divisions, and specifying organizational

relationships. The purpose is to achieve coordinated effort among all the elements in

the organization. Organizing must take into account delegation of authority and

responsibility and span of control within supervisory units.

§ Staffing means filling job positions with the right people at the right time. It

involves determining staffing needs, writing job descriptions, recruiting

and screening people to fill the positions.

§ Directing is leading people in a manner that achieves the goals of the

organization. This involves proper allocation of resources and providing an effective

support system. Directing requires exceptional interpersonal skills and the ability to

motivate people. One of the crucial issues in directing is to find the correct balance

between emphasis on staff needs and emphasis on economic production.

§ Controlling is the function that evaluates quality in all areas and detects potential

or actual deviations from the organization's plan. This ensures high-quality


53

performance and satisfactory results while maintaining an orderly and problem-free

environment. Controlling includes information management, measurement of

performance, and institution of corrective actions.

§ Budgeting, exempted from the list above, incorporates most of the administrative

functions, beginning with the implementation of a budget plan through the application

of budget controls.

• Job Description: Security Guard

- Maintains peace and order inside and outside the establishment.

- Secures the safety of the customers and establishment.

- Guard the establishment vigilantly after operating hours.

Qualifications:

- Endorsed from a security agency

Wages: P 225/ working day


54

Operating Hours:

Options Sports Grill is open daily with the following operating hours:

Grill Restaurant Bar

Sunday – Thursday 11:00 AM – 2:00 PM 6:00 PM – 12:00 AM

5:00 PM – 10:00 PM

Friday and Saturday 11:00 AM – 2:00 PM 6:00 PM – 2:00 AM

5:00 PM – 12:00 AM
55

FINANCIAL

ASPECT
55

Options Sports Grill


F. Torres Street, Davao City

Project Start-Up Cost

Furnitures, Fixtures, and Equipment


Renovation
Rent Deposit - 2 Months Deposit
Purchase of Start-up Raw Materials and Beverages
Operating Expenses
Rent Expense - 3 Months in Advance
Utilities Expense
Salaries and Wages Expense
SSS/PHIC/HDMF
Supplies
Advertising
Repairs and Maintenance
Taxes and Licenses

Total Project Start-Up Cost


55

PhP 581,804
300,000
200,000
423,700

300,000
15,717
106,350
15,389
41,540
2,000
5,000
8,500

PhP 2,000,000
Options Sports Grill
Projected Comprehensive Income Statement
for the year ended December 31

Notes 2010 2011 2012 2013 2014

1 11,284,578 12,381,463 13,602,183 14,962,290 16,479,424


Less: Cost of Food and Beverage Sales 2 (7,524,218) (8,198,289) (8,943,194) (9,767,409) (10,680,524)
Gross Margin from Food & Beverage 3,760,360 4,183,174 4,658,990 5,194,881 5,798,900
Add: Revenue from Gaming Lounge 3 393,120 393,120 393,120 393,120 393,120
4,153,480 4,576,294 5,052,110 5,588,001 6,192,020

Rent Expense 4 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000


Utilities Expense: 5 188,606 195,773 203,212 210,934 218,950
Depreciation Expense 6 203,460 203,460 121,565 92,532 87,287
Taxes and Licenses 7 8,500 8,500 8,500 8,500 8,500
Salaries and Wages Expense 8 1,276,200 1,324,696 1,375,034 1,427,285 1,481,522
SSS/PHIC/HDMF 9 184,668 184,668 184,668 184,668 184,668
Repairs and Maintenance Expense 10 60,000 62,280 64,647 67,103 69,653
Advertising Expense 11 24,000 24,912 25,859 26,841 27,861
Supplies Expense 12 76,080 78,971 81,972 85,087 88,320
3,221,514 3,283,260 3,265,457 3,302,951 3,366,762

931,967 1,293,034 1,786,653 2,285,050 2,825,258


Provision for Income Tax 13 279,590 387,910 535,996 685,515 847,578
Provision for VAT 14 621,311

652,377 905,124 1,250,657 1,599,535 1,356,370

56
Options Sports Grill
Projected Statement of Financial Position
For Five Year Period as of December 31

2010 2011 2012 2013 2014


Assets
Notes
Current Assets
Cash & Cash Equivalents CFS 2,044,123 3,261,026 4,781,334 6,622,920 8,849,951
Inventories 15 500,000 500,000 500,000 500,000 500,000
Total 2,544,123 3,761,026 5,281,334 7,122,920 9,349,952

Non Current Assets


Leasehold Improvement 16 270,000 240,000 210,000 180,000 150,000
Furnitures, Fixtures, and Equipment 17 417,844 244,384 152,819 90,287 33,000
Utility Deposit SUP 200,000 200,000 200,000 200,000 200,000
Total 887,844 684,384 562,819 470,287 383,000

Total Assets 3,431,967 4,445,412 5,844,154 7,593,208 9,732,952

Liabilities and Partners' Equity

Liabilities
Accounts Payable 18 500,000 500,000 500,000 500,000 500,000
Income Tax Payable 13 279,590 387,910 535,996 685,515 847,578
Value Added Tax Payable 14 621,311
Total Liabilities 779,590 887,910 1,035,996 1,185,515 1,968,888

Partners' Equity
Partners\ Capital 19 2,000,000 2,652,377 3,557,500 4,808,157 6,407,692
Add: Net Income after Tax CIS 652,377 905,124 1,250,657 1,599,535 1,356,370
Total Partners' Equity 2,652,377 3,557,500 4,808,157 6,407,692 7,764,063

Total Liabilities and Partners' Equity 3,431,967 4,445,412 5,844,154 7,593,208 9,732,952

57
Options Sports Grill
Projected Cash Flow Statement
For the year ended December 31

2010 2011 2012 2013 2014


Cash Flow from Operating Activities
Net Income After Tax 652,377 905,124 1,250,657 1,599,535 1,356,370
Increase in Accumulated Depreciation 203,460 203,460 121,565 92,532 87,287
Increase in Accounts Payable 500,000
Increase in Income Tax Payable 279,590 108,320 148,086 149,519 162,063
Increase in VAT Payable 621,311
Increase in Inventories (500,000)
Total 1,135,427 1,216,904 1,520,308 1,841,586 2,227,031

Cash Flow from Investing Activities:


Increase in Furnitures, Fixtures, and Equipment (591,304)
Increase in Utility Deposit (200,000)
Increase in Leasehold Improvement (300,000)
Total (1,091,304)

Cash Flow from Financing Activities:


Increase in Partner's Equity 2,000,000

Increase in Cash 2,044,123 1,216,904 1,520,308 1,841,586 2,227,031

Add: Cash Beginning 0 2,044,123 3,261,026 4,781,334 6,622,920

Cash Ending 2,044,123 3,261,026 4,781,334 6,622,920 8,849,951

58
59

Notes to Financial Statements

Note 1 - Food and Beverage Sales


Food Qty/Yr Selling Price Sales
Chicken Barbecue 63,726 55.00 3,504,930
Pork Barbecue 45,519 45.00 2,048,355
Grilled Pork Belly 15,173 55.00 834,515 6,387,800
Beverage
Softdrink 66,904 12.00 802,848
Beer (while eating) 7,043 35.00 246,505
Iced Tea 37,560 15.00 563,400
Fruit Juices 12,911 15.00 193,665
Beer (from bar) 88,296 35.00 3,090,360 4,896,778
Gross Food and Beverage Sales 11,284,578

Note 2 - Cost of Food and Beverage Sales


Food Qty/Yr Unit Price Cost
Chicken Barbecue 63,726 41.47 2,642,717
Pork Barbecue 45,519 35.84 1,631,401
Grilled Pork Belly 15,173 46.95 712,372 4,986,491
Beverage
Softdrink 66,904 7.00 468,328
Beer (while eating) 7,043 18.00 126,774
Iced Tea 37,560 7.00 262,920
Fruit Juices 12,911 7.00 90,377
Beer (from bar) 88,296 18.00 1,589,328 2,537,727
Cost of Food and Beverage Sales 7,524,218

Note 3 - Revenue from Gaming Lounge


Games Qty. Hr/Day Rate/Hr Day/Year Total
Billiards: 2 2 80.00 364 116480
Darts 4 3 30.00 364 131040
*Arcade Basketball 2 2 50.00 364 72800
Table Football 2 2 50.00 364 72800 393,120

* The Rate for Arcade Basketball is computed by P5 per game * 10 games/hour

Note 4 - Rent Expense


Rate Months
Rent 100,000 12 1,200,000

Note 5 - Utilities Expense - Light, Water, Gas, Telephone, and Internet


Monthly Months Total
Light 10,500 12 126,000
Water 900 12 10,800
Gas 1,200 12 14,400
Telephone 1,122 12 13,466
Internet 1,995 12 23,940 188,606
60

Note 6 - Summary of Depreciation Expense


At Cost Qty Est. Life
Television 16,484 4 5 13,187
Aircondition 22,000 4 5 17,600
Billiard table 54,000 2 8 13,500
Dart board 1,400 4 2 2,800
Desktop Computer 25,000 1 5 5,000
Cash Register 5,000 1 3 1,667
Rice Cooker 3,000 5 2 7,500
Ceiling Fan 2,000 4 2 4,000
Tables 2,000 38 2 38,000
Chairs 250 152 2 19,000
Couch 5,000 8 3 13,333
Sound System 30,000 1 2 15,000
Wifi Router 5,000 1 2 2,500
Kitchen Equipment 20,000 1 5 4,000
Refrigerator 8,000 1 4 2,000
Freezer 12,978 1 4 3,245
Table Soccer game 3,750 2 3 2,500
Basketball Arcade 6,050 2 3 4,033
Exhaust Fan 595 2 2 595
Large Grill 10,000 2 5 4,000 173,460
Leasehold Improvement 300,000 1 10 30,000 30000
Depreciation Expense 203,460

Note 7 - Taxes and Licenses


Business Permit 8,500

Note 8 - Salaries and Wages Expense


Job Number Rate Dys/Mnth Monthly Total Total
Dishwasher 3 100 26 2600 7,800 93,600
Waiter 9 125 26 3250 29,250 351,000
Cook 3 150 26 3900 11,700 140,400
Griller 3 200 26 5200 15,600 187,200
Cashier 3 200 26 5200 15,600 187,200
Bookkeeper 1 3000 3,000 36,000
Security Guard 4 225 26 5850 23,400 280,800 1,276,200

Note 9 - SSS/PHIC/HDMF Contribution


SSS
Range Number Cont. Total Year Total
2250-2749.99 3 245 735 8,820
2750-3249.99 1 292 292 3,504
3250-3749.99 9 339 3051 36,612
3750-4249.99 3 386 1158 13,896
4750-5249.99 6 480 2880 34,560
5750-6249.99 4 574 2296 27,552 124,944
PHIC
0.00-4999.99 16 100 1600 19,200
5000-5999.99 10 125 1250 15,000 34,200
HDMF Percent Yr. Total Contribution
1500.01-4999.99 Salary 0.02 621,000 12,420
5000.00-10000 Salary 0.02 655,200 13,104 25,524
184,668

Note 10 - Repairs and Maintenance


Estimated Repairs 5,000 x 12 60,000

Note 11 - Advertising Expense


Adverting 2000 x 12 24000
61

Note 12 - Supplies Expense


Quantity Supply
300 plastic plate 30 1 9,000
300 water glass 25 1 7,500
300 spoon & fork 15 1 4,500
300 soup bowl 25 1 7,500
300 saucer 20 1 6,000
5 knife 50 1 250
40 toothpick 5 12 2,400
20 pitcher 75 1 1,500
50 table napkin 12 12 7,200
15 tray 100 1 1,500
6 hand soap 10 12 720
20 dishwashing liquid 10 12 2,400
5 spray 50 1 250
4 floor signs 100 1 400
6 air freshener 60 12 4,320
4 mops & buckets 300 12 14,400
2 toilet bowl clearners 100 12 2,400
4 brooms 20 12 960
20 toilet paper 12 12 2,880 76,080

Note 13 - Provision for Income Tax


Net Income Before Tax Tax Rate Tax Due
931,967 x 30% 279,590

Note 14 - Provision for Value Added Tax Payable


Times Divided Tax
Output Gross Sales 16,479,424 0.12 1.12 1,765,653
Input Cost of Sales (10,680,524) 0.12 1.12 (1,144,342)
621,311
Note 15 - Inventories
The company policy is to maintain an inventory which is equivalent to 500000 to help start-up the next month
500,000
Note 16 - Leasehold Improvement
Cost Less: Accumulated Depreciaton Carrying Value
300,000 30,000 270,000

Note 17 - Furnitures, Fixtures, and Equipment


Total Cost Depreciation Carrying Value
591,304 173,460 417,844

Note 18 - Accounts Payable


All purchases are payable on account, all payables for the purchases within the month are paid before the end of the month.
Purchases to be used for next month = 500,000

Note 19 - Partners' Equity


Atienza, Capital 333,333 The profit and loss sharing for the partnership is equal.
Banes, Capital 333,333
Beit, Capital 333,333
Dagatan, Capital 333,333
Marcellones, Capital 333,333
Petalcorin, Capital 333,333
2,000,000
62

Options Sports Grill


Financial Statements Analysis

I. Payback Period
Period Net Cash Inflow Net Investment
0 2,000,000
2010 2,044,123 (44,123)
2011 1,216,904
2012 1,520,308
2013 1,841,586
2014 2,227,031
Payback Period = .98 years or 11 months and 23 days

II. Accounting Rate of Return


Year Net Income Gross Sales
2011 652,377 11,284,578
2012 905,124 12,381,463
2013 1,250,657 13,602,183
2014 1,599,535 14,962,290
2015 1,356,370 16,479,424

III. Return on Investment


Period Net Income Cost of Investment
2010 652,377 2,000,000
2011 905,124 2,000,000
2012 1,250,657 2,000,000
2013 1,599,535 2,000,000
2014 1,356,370 2,000,000

IV. Liquidity/ Current Ratio


Year Current Assets Current Liabilities
2010 2,544,123 779,590
2011 3,761,026 887,910
2012 5,281,334 1,035,996
2013 7,122,920 1,185,515
2014 9,349,952 1,968,888
62

Sports Grill
tements Analysis

Years

0.98

Rate of Return
5.78%
7.31%
9.19%
10.69%
8.23%

Return on Investment
32.62%
45.26%
62.53%
79.98%
67.82%

Current Ratio
2.95:1
3.35:1
3.38:1
4.36:1
4.93:1
63

SOCIO - ECONOMIC

ASPECT
64

Employment

The establishment of Options Sports Grill would contribute to the opportunity for

unemployed individuals to land a job. In line with this, the business will help in a way to

alleviate the foregoing unemployment crisis in the country.

Taxes

The establishment of Options Sports Grill would again be of help to the

government in its drive to raise funds for public welfare by paying taxes that is due from

them.

People

The establishment of Options Sports Grill would spark and allow people to

rekindle the sport buff within him. The grill would not only provide quality products and

services to its customers but also inspire them to be active in sports and say no to drugs.

The Options Sports Grill would definitely capture not only the hearts of sports lovers, but

also those who have not yet learn to appreciate sports as well.
65

FINDINGS, CONCLUSIONS, & RECOMMENDATIONS

Based on the information that the proponents have gathered, it has been analyzed

and interpreted that:

There are a number of individuals who frequent a certain area such as F. Torres

Street where they could satisfy their needs and wants of hanging-out and to party. A good

number to would want to eat grilled food and drink beer. A number also said that they

would definitely go to a sports grill that offers both grilled food and beer. There are

plenty of established competitors in our area, but what gives us the edge is the unique

nature of our business which blends into a perfect mix dining, drinking, and sports.

The business will be profitable based on the study that was made, yet there are

still some factors that must be taken into consideration so that the business may thrive. If

given a very dynamic, responsible, and innovative management the proponents believe

that the business will surely be profitable.

Quality of service that is given to the customers must be at its best. The prices

must also be competitive enough and reasonable to the customers given the many

competitors around the vicinity. Customer satisfaction must always be guaranteed and

that will be the door to much bigger success.

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