sweet praline feasibiliy study introduction,

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    INTRODUCTION

    The name Bitter Sweet is derived from the name sweet, means is one of the five taste and is

    almost universally regarded as a pleasurable experience

    Foods in rich in simple carbohydrates such as sugar are those most commonly associated with

    sweetness and confections, means is the set of food items that are rich in sugar, Praline in French

    confectionary, a cooked mixture of sugar, nuts and vanilla, often ground to paste for use a pastry

    or candy, chocolate shells filling or a sugar coated almond or other nut meat or in the cookery

    in American South, the term denotes a candy or sugared pecan meals or coconuts.

    I choose the name Sweet Praline because we Filipino are very much in love sweets, such as

    candies specially in chocolates also common Filipino loves surprises.

    A kind of surprises that we are enjoying and the satisfaction that we need most, when we can

    haired the word chocolates we can imagine anything, how to eat and enjoying eating chocolates.

    Chocolates not only for kids, but most adults love to eat we the time they are depressed, stress in

    works, hang ups with friends, also in family bonding.

    In any occasions we can prepare chocolates, as one of the desserts, for giveaways, and etc.

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    PROJECT PROPONENT PROJECT PROPOUSAL

    Chocolate shop is the most famous shop when it comes to dessert, the sweetness and indulge of

    and the aroma of chocolate can call of the attention of the customer.

    The place that we are going to open the shop is very accessible to our valued costumer. That who

    want us to open a shop so that every time they want to some chocolate, all they had to do is to

    past by in our shop. About the supplier of our ingredients and the location of the delivery is

    along highway, and no worries about to find the place.

    The Place is very manageable and accessible, and the rent is not too expensive because the lot

    own by the City Government of Las Pias.

    NAME OF FIN

    Sweet Pralines we came up these kind of name because it significance the sweetness of the

    chocolates and the art of chocolate, that how much chocolate and cakes attracted to people.

    TYPE OF BUS ORG,

    Partnership: Ever since we are planning to put up some business with my cousins and my auntie

    now its a right time to pursue our dreams to start this kind of business that related in my course

    and is part of me and, I really love this kind of field creating some work of arts made of

    chocolates.

    LOCATION AND OFFICE

    The Study will determine the feasibility of establishing some chocolate shop in Talon 4 Las PiasCity. There is no establishment that sealing some chocolate praline and there is no cake house,

    only a bakery shop but they only sealing some breads.

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    BRIEF HISTORY OF THE PROJECT

    This Project or business we are really like to put up in near future, because not all the time we

    can work into other company.

    We had only had a few years in one company you cant stay in a company in a long years or

    until you are resigning, No job is forever is yours.

    But there is a exemption if you had your own company you can stay as long as your company

    still in demand in market

    But you need to be ready in what, ever problem that you will going to encounter in that particular

    incident you need some extra income or a financial help by loaning in a bank or, if you had your

    own savings prepare in these kind of project.

    We are so excited to having our own coffee shop or chocolate shop. My passion and creativity in

    baking and cooking some different kinds of food is now much needed in this feasibility study.

    Because so many family friends and other people, told us why dont you open some a small cake

    house or a restaurant so that my talent can share to other people, so that they can taste the food

    that, I cook.

    Since we dont have a extra savings, we only accepting some orders in house and they going to

    pick up it when is the time they are needed.

    We cook if what only costumers order and we a lot sometime 2 to 3 days they need to order inadvance, we accepting some custom design most of the time.

    I like to meet the satisfaction of the customer so that they well came back again and ordering.

    For me the creativity of the costumer and their dream of the desserts or cakes they wish for the

    special days of their life.

    My desserts and chocolate cakes if is still in the market for 5 years, I think these time its time to

    move on into the next level by opening some chocolate shop.

    Chocolate shop is the best choices because people like to eat chocolates, they are really enjoying

    it.

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    Conceptualization:

    the concept of these study is to introduce more to the market what is the other work of art of a

    chocolates, how you can design and more attractive to the costumer and first impression of

    mouth watering chocolates a delicious chocolate but you cant do to eat it because of the design

    is so nice you only want it to display into your house.

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    Principle to guide during the initial style:

    Historical

    Studio/ work related to the project

    The data and statistics used therefore will concern only the achievement of the said objectives.

    The time frame made for all the project activities will cover a span for five year period.

    Significance of the study

    The researcher helps to implement and perform the objectives and plans mentioned in the study.

    It is expected that this study will be able to assist the management in implanting the project

    successfully.

    The study will be of great help to the other investor who had plans to open some cake shop or

    chocolate shop in Particular place in Las Pinas City.

    Vision

    Sweet praline shall be the best shop of different kinds of chocolates and favourite places for

    buying some gift for special occasion and also to the special someone.

    Mission

    Sweet Praline shall make new meaning of our traditional way of giving some gifts. The businessshall continuously conduct some survey into our becoming costumer for its enhancement to

    give the best service and a sweet smile to satisfy our costumer.

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    MANAGEMENT OF PERSONNEL

    Proposed management administrative

    Brief Description of the Project

    SWEET PRALINE chocolate shop will be the one of the famous chocolate shop in the Las

    Pinas City. The chocolate shop will be both offering some imported and local chocolates made

    of cacao beans found in the Philippines. The store is located at the boarder of bf homes and

    southland Las Pinas city along talon 4 highway.

    Business Profile

    Name of the Company : SWEET PRALINE chocolate shop

    Office Address : Talon 4 Las Pinas City

    Project site : Talon 4 Las Pinas City

    Type of Business Operation : Pastry Management

    Form of Organization : Partnership

    Time of Operation : 9:00 am to 10:00 pm

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    DUTIES AND RESPONSIBILITIES

    Manager

    Must be graduate of managerial course and do have at least a two years working experience as a

    manager in a establishment.

    Supervisor

    Administration and Management - Knowledge of business and management principles involved

    in strategic planning, resource allocation, human resources modeling, leadership technique,

    production methods, and coordination of people and resources.

    Line Chef

    Most future pastry chefs start their careers as a line chef or prep cook. A line chef pay be

    responsible for one specific part of the kitchen, such as the stove or the oven. They may also be

    responsible for preparing ingredients beforehand, and will assist the executive or head pastry

    chef with various tasks. There could be one to five line cooks in a kitchen at a time, depending

    on the size and type of the business.

    Assistant Pastry Chef

    Depending on the size of the company, the assistant chef may work alongside the executive chef,

    or they may have to fulfill the role of a line chef. Assistant pastry chefs are responsible for

    creating sauces, fillings, and icings, and could also prepare different types of breads.

    Executive Pastry Chef

    Besides being responsible for creating nearly every menu item, the executive pastry chef may

    also be in charge of ordering supplies, evaluating menu items, and training other members of

    staff. They are usually the first in the kitchen to arrive, and the last one to leave.

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    Accountant

    Accountants carry the primary responsibility for financial records, making sure the appropriate

    taxes are paid by federal and state deadlines, oversee efficient use of funds and related tasks.They may work with individuals, major corporations and/or small businesses. They will work

    closely with clients in preparation, explanation and verification of any financial paperwork, they

    also help consumers to go over budgeting and to make plans for future investments. Those who

    work as public accountants may work as a private or business sector and may specialize in tax

    work or in the handling of client assets. Certified public accountants either work as an

    independent or may work for a larger accounting firm.

    Cashier

    Knowledge of basic arithmetic knowledge of merchandise location or seating charts,skill in

    handling and accounting cash skills in communication.

    Waiter

    Performing for people or dealing directly with the public. This includes serving customers in

    restaurants and stores, and receiving clients or guests.

    collect payment , serve food or beverages, provide customer service, answer customer or publicinquiries, assist patrons to make wine selection, assist patrons at entertainment events

    Helpers

    A kitchen helper is a generic position and involves a variety of duties. This person is a utility

    employee, likely involved with food preparation, food storage, cleaning up and assisting other

    kitchen staff members. Bussing of tables and janitorial duties are often a part of a kitchen

    helper's job, Helpers may also scrape food from dishes to prepare them for the dishwasher,

    although this task is often delegated to the dishwashing position

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    Kitchen Porters

    A porter is similar to a helper, in some regards, but this position often has specific duties,

    especially in finer establishments, according to the University of Maine. A porter handles manyof the duties of a kitchen helper, such as laundering table linens and chef's aprons, as well as

    general cleaning up of food preparation and dining areas, as well as trash removal

    Driver

    Be in good health and physically able to perform all duties of a driver.

    Be at least 21 years of age.Speak and read English well enough to converse with the general public, understand highway

    traffic and signals, respond to official questions, and be able to make legible entries on reportsand records.

    Be able to drive the vehicle safely.

    Security Guard

    Eligibility varies by state, but most licensure applicants must be 18 or older, have a clean

    criminal record and pass a drug test. Security guards may be required to complete formal trainingin a classroom setting. Licensure qualifications are generally stricter for armed security guards,

    who must also obtain firearms licensures.

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    Manager

    Supervisor

    Line Chef Waiter

    Assistant Pastry

    Chef

    Helpers

    Executive Pastry Chef

    Security Guard Driver

    Cashier

    Kitchen Porters

    Accountant

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    Name of

    employee

    Daily Rates Basic salary for

    30 days

    Tax, BIR, SSS,

    phil. Health

    deduction

    Net pay

    Manager P 650.00 P19,500.00

    Supervisor P 500.00 P 15,000.00

    Executive chef P 600.00 P 18,000.00

    Accountant P 500.00 P 15,000.00

    Line chef P 550.00 P 16,500.00

    Assistant Pastry

    chef

    P 500.00 P 15,000.00

    Cashier P 480.00 P 14,400.00

    Waiters P 450.00 P 13,500.00

    Helpers P 450.00 P 13,500.00

    Kitchen porters P 450.00 P 13,500.00

    Driver P 450.00 P 13,500.00

    Security guard P 400.00 P 12,000.00

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    Name of

    employee

    Daily rates Basic salary for

    26 days

    Tax, BIR, SSS,

    phil. Health

    deduction

    Net pay

    Manager P 650.00 P16,900.00

    Supervisor P 500.00 P 13,000.00

    Executive chef P 600.00 P 15,000.00

    Accountant P 500.00 P 13,000.00

    Line chef P 550.00 P 14,300.00

    Assistant Pastry

    chef

    P 500.00 P 13,000.00

    Cashier P 480.00 P 12,480.00

    Waiters P 450.00 P 11,700.00

    Helpers P 450.00 P 11,700.00

    Kitchen porters P 450.00 P 11,700.00

    Driver P 450.00 P 11,700.00

    Security guard P 400.00 P 10,400.00

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    SSS

    Name of

    employee

    1st

    year 2nd

    year 3rd

    year 4th

    year 5th

    year

    Manager P19,500.00 P P P P

    Supervisor P 15,000.00 P P P P

    Executive chef P 18,000.00 P P P P

    Accountant P 15,000.00 P P P P

    Line chef P 16,500.00 P P P P

    Assistant

    Pastry chef

    P 15,000.00 P P P P

    Cashier P 14,400.00 P P P P

    Waiters P 13,500.00 P P P P

    Helpers P 13,500.00 P P P P

    Kitchen porters P 13,500.00 P P P P

    Driver P 13,500.00 P P P P

    Security guard P 12,000.00 P P P P

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    BENEFITS

    The Company recognizes that the key to its success is the performance of its employees. To

    reward such performance, the Company has

    established a profit sharing or pension) plan. Complete details concerning the plan will be given

    to you at the time of eligibility.

    Company Health Insurance/Life Insurance-All full-time employees and their dependents can

    be covered under the (______________) plan for life insurance, hospitalization, surgical and

    medical coverage. You will become eligible for coverage under this plan (Option: the first of the

    month) following your enrollment and your completion of (______________) calendar days of

    employment. Descriptive insurance folders and enrollment forms are available in the office.

    Employee Purchases- No merchandise may be ordered through Company

    purchase unless authorized in writing by Management.

    Parking- Your Company provides as many parking spaces as possible.

    Employees must park only in designated parking spaces.

    The company is not responsible for fire,

    theft, or damage to the employees vehicle or its contents while on Company premises.

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    Professional firm to be hired/ connected

    Some government agency and other agency had a legal paper to conduct and to hire some

    employee. They the one who choose some right employee for your company.

    Professional Firm and contract of employment

    Right now we only had some non professional contract for our employee, 6months to 1 year

    contract non legal.

    Tie up with some organization

    For now we only tie with our product supplier, for our source and supply of ingredients and otherproducts we are needed.

    Availability and source of personnel

    For employee we only accepting some friends endorse, or friends that want to work, but no

    relative.

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    Casual Employees - are those who are hired on that basis and work for a special job and/or

    period of time. Such employees are not eligible for Company fringe benefits available to fulltime

    (Option: or part-time) employees.

    Non-Exempt Employees -

    Those employees who are subject to the provisions of federal and state law requiring the

    payment of overtime are considered to be non-exempt.

    Exempt Employees

    Those employees who are not subject to the provisions of federal and state law requiring the

    payment of overtime are considered exempt.

    Exempt employees, in our industry, normally include executive, administrative and certain

    outside sales personnel.

    Independent Contractors-

    An independent contractor is any person who is classified by the Company as such, as

    evidenced by the Companys failure to withhold

    taxes from their compensation. Independent contractors are not employees of the Company.

    Even if the person is later reclassified by an action of a court or administrative agency as an

    employee of the Company, he or she is not eligible for any retroactive Company sponsored

    benefits.

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    CONFIDENTIALITY AND CONFLICT OF INTEREST

    Off Duty Conduct-Employees are required to avoid any conflict of interest during their

    employment by the Company. Any involvement that conflicts with an employees duties or

    responsibilities or affect the employees judgment in making a decision affecting the Company

    will be considered a conflict of interest. This includes any direct or indirect business,

    management or financial interest or activity, whether or not for compensation, in any business or

    entity that is a competitor, customer, supplier, or vendor of the Company.

    Employees may engage in or have outside business or personal interests or activities that do not

    constitute a conflict of interest with their employment by the Company. The Company requires

    that these activities or interests do no adversely affect an employees capacity to perform his or

    her functions or result in conflicting loyalties.

    Employees are expected to conduct their personal affairs in a manner that does not adversely

    affect the Companys integrity, reputation or credibility. Off duty conduct that adversely affects

    the Companys legitimate business interests or an employees ability to perform his or her work

    will not be tolerated and may result in discipline, up to and including termination.

    Personal Involvement-Personal or romantic involvement with a competitor, customer, vendor

    or supplier may impair an employees ability to exercise good judgment on behalf of the

    Company. An employee should immediately disclose any relationship of this type to his or her

    supervisor. The Company will determine if any actual conflict of interest exists. If a conflict is

    determined to exist; the Company will take whatever corrective action it deems to be

    appropriate.

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    Outside Employment-The Company has no desire to regulate what an employee does with their

    own time outside work hours. However, employees may not have outside employment that

    constitutes a conflict of interest with their employment with the Company. Outside employment

    must not interfere with the overtime demands of the employees job or diminish or impair an

    employees capacity to fulfill their duties, obligations and responsibilities to the Company.

    Customer Property-Work being performed for our customers is their property and may be

    confidential. The removal of any samples of work in process, finished goods, spoiled sheets, or

    any other materials or supplies from the premises may place the Company in an embarrassing

    position with the customer, and may possibly lead to the loss of the customers business and/or

    legal complications.

    Anti-Blogging Policy-Employees are prohibited from engaging in web logging or blogging

    during working time or while using Company-equipment. Employees blogging (including but

    not limited to use of MySpace, Facebook, BlogSpot, Friendster, or Linked In) while not on

    working time and while not using Company equipment are reminded that they must adhere to the

    Companys confidentiality policy and that they must avoid the disclosure of trade secrets or other

    information regarding the Company or any of its owners, managers or employees which would

    constitute trade libel or defamation. Expect that if you publish something anywhere online, the

    Company or your co-workers will see it.

    Confidentiality and Non-Disclosure-The Company may provide and make available to you

    certain information regarding our business, including without limitation:

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    Function of each Department

    Pastry kitchen Department

    The main department where you can find all the ingredients store in right temperature, in this

    department we always make sure it is clean and strictly no outsiders allowed as long as the

    personnel management allowing them to go inside and look what the chef doing.

    We always keep this place clean because is so delicate in bacteria that it can cause some

    poisonous food. Every 6 months we are undergoes for and DOH inspection to make sure we are

    in good terms for sealing our product just to make sure the health of our valued costumer.

    Management office

    Where the manager supervisor and other office employee and also it is the place for the paper

    works and doing some menu plan and other business transaction.

    Display area

    Where the chocolates and cake and other products display, the coffee table area where the

    costumer they can stay for relaxation and its a free wifi zone for the inconvenience for our

    costumer while they wait for the order they can make surfing in internet, right now online is part

    of our daily lifestyle we are always hang up in online chatting get some resources for paper

    works in internet and also for the special someone who work abroad they can make some

    conversation by using online video chatting. We make sure our server provider in internet

    connection our costumer satisfy what they want.

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    Marketing Aspect

    Our reputation has been built, above all, on the quality and freshness of our food. It is what our

    customers want, and it is what gives us our edge over other chocolate cake house:

    We are committed to bringing you the best quality food. Should you not enjoy one of our

    products, tell us and well replace and refund you.

    Of vital importance to us is the provenance and traceability of the food that is on our shelves.

    Each of our buyers is an expert in his or her own field. Their job is to seek out the best sources of

    the best quality food and unusual ingredients that can't be found in other chocolate house.

    Easier shopping

    Here are just a few of the ways we make shopping easier for our customers:

    Packing at checkouts: Just ask and we will pack your shopping for you.

    Carry to car service: We can carry your shopping to your car and stow it away.

    Wheelchair and wheelchair trolleys: We have wheelchairs that customers can use. Specially

    designed trolleys are also available for for customers using wheelchairs.

    Ordering online: You can order wine for home delivery from Sweet Praline (Telephone: 02

    8363080 ) also in online transaction our website is www.sweetpraline.multiply

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    Sweet praline

    Sweet praline Entertaining can help you cater for any event, from home entertaining for a few

    friends to special occasions such as a wedding reception for hundreds.

    With menu ideas including oven ready dishes, canaps, celebration cakes, and fruit baskets,

    Waitrose Entertaining will bring something special to any occasion you may be planning.

    For a Sweet praline Entertaining catalogue and more information please call at the Customer

    Order Point in your local branch.

    Home delivery

    At selected branches you can choose to have your shopping delivered to your home. There is a

    P100.00 delivery charge for orders up to P 350.00. The delivery charge is reduced to P50.00 fororders over P1000.00. If you pay with your partnership card or with your Sweet praline account

    card you can take advantage of our Fast track service. On completing your shopping take yourgoods to the Delivery Service Desk or Fast track collection point and we'll do the rest for you -

    there's no need for you to go through the checkout.

    Bag for life

    Sweet praline was offer a bag for life. Just 10p buys you a Sweet praline bag - quite literally - forlife. Simply bring your old bag for life in when it's worn out and we'll give you a new one for

    free.

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    Demand and supplies Analysis

    The population of Las Pias City was approximately 472,780, City Ordinance No. 1036-11

    Series of 2011 "An Ordinance banning the use and distribution of thin film, single out, plasticbags and polyesterine foam (styrofoam/styropor) by Commercial Establishments in the City of

    Las Pias and prescribing penalties.

    A hundred transient in working day, show however not all of them be the prospect costumer,the proponent expect 1% in manila including some transient since there are different

    competitors who also provide same service.

    Potential suppliers

    Sweet craft Baking and Confectionery Supplies

    The Cocoa Pantry

    Baker's Depot

    Carla And confectionary supplies

    Global sources

    Divisoria kitchen utensils

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    Menu

    Praline

    Chocolate hazel nut

    Chocolate pistachio cream

    Chocolate mint

    Chocolate dates

    Chocolate mojito

    Chocolate almond flakes

    Chocolate whole almond

    Chocolate gojie berry

    Chocolate truffles in

    Almond ganache

    Mint ganache

    Strawberry ganache

    Blue berry ganache

    Vanilla bean ganache

    Tonka bean ganache

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    MENU

    Chocolate cookies

    Cookies in cream

    Choco chips

    Choco caramel

    Choco almond

    Choco pistachio

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    Utilities

    Oven

    refractory material, used for drying substances, firing ceramics, heat-treating, and baking or

    roosting some food

    Dishwashing

    Dishwashing machine will be provide for fast and quality service

    Water heater

    is a thermodynamic process using an energy source to heat water above its initial temperature.Typical domestic uses of hot water are for cooking, cleaning, bathing, and space heating. In

    industry, both hot water and water heated to steam have many uses.

    Quality Control

    Budgeting and forecasting is needed in a pastry shop establishment. Forecasting is made to

    compare the actual sale of the day to its forecast for it to take action if there is a lost or profit.

    Maintenance and Repair

    All equipment will be bought brand new and do have warranty and will be insure formaintenance.

    Fire Protection

    Fire extinguishers is necessary a in every corner of the establishment and fire exit will be

    provided for about customer and employees of the shop.

    Garbage Disposal

    Garbage will be collected every day by the garbage truck to maintain the cleanliness and the

    sanitation of the establishment.

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    Necessary Service

    1, Water

    Water service will be provided by the MANILAD water supply consumption on the monthly

    basis.

    2. Gas

    LPG supply will be regularly checked to ensure enough supply for the kitchen

    3. Electricity

    Electricity installation will be provided by MERALCO

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    KITCHEN MAP

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    FLOOR PLAN

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    Dining Utensils

    Name Quantity Unit Price Total Cost Estimated

    life

    Depreciation

    expense

    Spoon AndFork 100 60.00 6,000.00 5years

    Plates 100 180.00 18,000.00 5 years

    Coffee cups 100 80.00 8,000.00 5 years

    Water Goblet 100 110.00 11,000.00 5 years

    Utility tray 10 200,00 2,000.00 5 years

    Glass 100 85,00 8,500.00 5 years

    Tissue holder 10 200.00 2,000.00 5 years

    Total Php 55,500 Php

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    Kitchen Utensils

    Name Quantity Unit price Total cost Estimatedlife

    DepreciationExpenses

    Baking pan in

    deferent shapes andsize

    25,000.00 5years

    Non stick pan 4 600.00 2,400.00 2years

    Non stick sauce pan 4 700.00 2,800.00 2years

    Kitchen aid electricmixer

    2 23,000.00 46,000.00 10years

    Heavy duty mixer2 30,000.00 60,000.00 10years

    Italian style gas

    range 6 burner 1 17,000.00 17,000.00 10years

    Hood/ fan heavy

    duty

    20,000.00 20,000.0010 years

    Tong 6 120.00 720.00 2years

    ladle 4 200.00 800,00 2 years

    Measuring cup 3 240.00 720.00 2years

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    Heavy duty oven 2 150,000.00 300,000.00 10years

    1 set Mixing bowl 6 600,00 3,600.00

    2 years

    Hot cake maker 2 540.00 1,080.00 2years

    Blender 4 1,200.00 4,800.00 3years

    juicer 2 600.00 1,200.00 2years

    chiller 2 300,000.00 600,000.00 10years

    Freezer 1 65,000.00 65,000.00 10years

    Refrigerator1 55,000.00 55,000.00 10 years

    Other machine and

    equipment, tools forbaking needs

    200,000.00 200,000.00 10 years

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    Financing and Financial

    Start-up Summary

    Sweet praline is a start-up company. Financing will come from the partners' capital and a ten-

    year bank loan. The following chart and table illustrate the company's projected initial start-up

    Expenses Assets Investment Loans

    P 2,700,000

    P 1,800,000

    P 900,000

    P 0

    P 3,600,000

    P 4,500,000

    P 5,400,000

    P 6,300,000

    P 5,400,000

    P 6,300,000

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    .

    Start up Requirements

    Start up Expenses

    Legal P 135,000.00

    Premise renovation P 900,000.00

    Expensed equipment P 1,800,000.00

    other P 45,000.00

    Total Start up Expenses P 2,880,000.00

    Start up Assets

    Cash Required P 3,150,000

    Other current Assets P 540,000.00

    Long term Assets P 2,925,000.00

    Total Assets P 6,615,000.00

    Total requirements P 9,495,000.00

    .

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    Start-up Funding

    Start-up Expenses to Fund

    P 2,925,000

    Start-up Assets to Fund

    P 6,615,000

    Total Funding Required

    P 9,495,000

    Assets

    Non-cash Assets from Start-up

    P 3,465,000Cash Requirements from Start-

    up

    P 3,150,000

    Additional Cash Raised

    P 0

    Cash Balance on Starting Date

    P3,150 ,000

    Total Assets

    P 6,615,000

    Liabilities and Capital

    Liabilities

    Current Borrowing

    $0

    Long-term Liabilities

    P 4,500,000

    Accounts Payable (Outstanding

    Bills)

    P 45,000

    Other Current Liabilities

    (interest-free)P 0

    Total Liabilities

    P 4,545,000

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    Accounts payable outstanding bills P 45,000.00

    Other current Liabilities (interest free) P 0

    Total Liabilities P 4,545,000

    Capital P 0

    Planned Investment P 0

    Patterson P 2,475,000

    Fields P 2,475,000

    other P 0

    Additional investment Requirements P 0

    Total Planned Investment P 4,950.000

    Loss at start up (start up Expenses) P 25,380,000

    Total Capital

    P 25,380,000

    Total Capital and Liabilities 6,615,000

    Total founding

    9,495,000

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    Socio economic Aspect

    If you are running your own business, or are a higher up in a company, it is imperative

    that you know your place in the community. A business is more than just running a company for

    the sake of making a profit for yourself, and your employees. In some towns, the local business

    can mean a source of income, tax revenue for the city, and a means in which people can make a

    better life for themselves.

    If you are at the helm of a larger business, you may be the vehicle for which the town gets money

    for community projects, or other works that help the community.

    A business is responsible for making sure that the community is helped out by its presence as

    much as the community helps out the business. For example, the local grocery store in my town

    helps sponsor an LPGA tournament, gives out scholarships, and gives thousands of people jobs

    every year, and was the leading employer of the town.

    When they give out scholarships they are helping thousands of people get an education. Education

    is key to the foundation of a productive society, and by helping them get a degree, they help open

    doors to the future for those given the opportunity to go to college.

    Other initiatives taken by local businesses also include donating to the United Way, and having a

    drive every year to help Foodlink, a local food bank in the area.

    Every year local businesses spend about a month just raising money for the organization using

    many different approaches.

    They include having cookouts, asking for donations at cash registers, and having raffles, and othercommunity events that can benefit Foodlink.

    When a business takes the in to help out its community, it is performing its obligations to the

    town in which the business is running.

    As long as the community is willing to put its hard earned money into the coffers of a business,

    the business has an obligation to become a part of the community of which it is operating.

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    Just like anything else in life, those who are given a lot must give back at some point. If a

    business just came to a town, asked for community support, but did nothing in return, what kind

    of business would that be?

    It is irresponsible to make millions in profits, and take the money, labor, and support of the

    community, and not give back. Not only does that not make for a good citizen in the community,

    but eventually it will cost you money. The community is willing to support business, but the

    business must give back, and show that it cares.