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INTRODUCTION

Name of the Firm


The business will carry the name Bubble Bee Tea House. It is a shop
that offers quality standard products. The word bubble tea definitely
connotes its natural meaning pertaining to a fruit or milk tea that contains
polyphones,

which

are

naturally

occurring

compounds

that

act

as

antioxidants.
Location of the Firm
Bubble Bee Tea House will be strategically located at 932 One
Convio Corner 20th Avenue, Aurora Blvd., Cubao, Quezon City. This location is
expected to be an effective location because there will be only few
competitors that offers the same product which the establishment shall
cater. The location is near Technological Institute of the Philippines where
many students go to school. The location is also near other business
establishments.
Vision
Our vision is to help create the best tasting teas that marked as one of
the shops highly reputable market that could attract visitors within the
region as well as from other places.
Mission
Our mission is to help create a different milk tea drinking experience
that would leave customers satisfied and looking forward to more. Moreover,
the business aims to go on extra mile in giving its clients the ultimate

revitalizing stay by offering luscious milk or fruit tea beverages providing


efficient and friendly service a midst, a clean and cozy environment.

Brief History of the Product


Bubble tea came into existence in Taiwan, when the beverage was
created during the 1980s. Although it is known which exact Taiwanese shop
is the creator of Bubble tea, several shops are speculated to be the origin.
One possible origin is Chun Shui Tang tea house in Taichung, where Ms. Lin
Hsui Hui (product development manager) poured sweetened tapioca balls
into the tea during a meeting in 1988. The beverage was well received by
the people at the meeting, leading to its inclusion on the menu, ultimately
becoming the franchises top-selling product. An alternative origin is the
Hanlin tea house in Tainan, Taiwan, owned by Tu Tsong-he. He made tea
traditional white tapioca, which has the appearance of pearls, supposedly
resulting in so-called pearl tea. Shortly after, Hanlin changed the white
tapioca balls to black version that is seen most today. The drink became
more popular in most parts of east and southeast during the 1990s.
Brief Description of the Firm
Bubble Bee Tea House is a fun alternative hangout for everyone.
That specializes in bubble tea drinks that are famous throughout US, Canada
and Southeast Asian countries.

Chapter I
SUMMARY OF THE PROJECT
Market Projections
Bubble Bee Tea House will obtain through required capital. Through the
contribution of the owners of the business. The best type of organization appropriate for
the business is partnership. Partnership is a type of business.
Marketing strategies like local fliers, tarpaulins, banners and pre-opening promos
are appropriate for advertising the business is in the market.
The proposed business will use of a standard food cart. Materials and other
supplies will be obtained from the manufacturers which we have selected.
Market Shares
Bubble Bee Tea House will grab 100% market shares. The shop will be
built in 932 One Convio Corner 20th Avenue, Aurora Blvd., Cubao, Quezon
City and only few competitors. Different marketing strategies and promotions
will be considered.
Market Prices
Price is the amount of money charged for a product. Bubble Bee Tea
House

product

pricing

is

very

affordable.

With

low

additional

percentage price to the product, the business will surely click to the market.
Leaflets will be distributed and hand-out to various business establishments
and houses. Promos and services offered will be displayed on the store
window. The owners will offer promos to attract the consumers like a buy one
take one on the products for the opening of the Bubble Bee Tea House.
Investment Cost

The initial capital of the business is three million five hundred thousand
pesos (3,500,000) which includes the franchising fee of three hundred fifty
pesos (350,000), capital requirement of three million pesos (3,000,000) and
other expenses for constructing and starting the business of one hundred
fifty pesos (150,000). The initial capital will be enough to support the
business and meet the requirement of the franchisee.
Methods of Financing
Bubble Bee Tea House will obtain through required capital through
the contribution of the owners of the business. The best type of organization
appropriate for the business is partnership. Partnership is a type of business
wherein two to five members will invest and contribute in starting the
business.
Market Feasibility
Marketing strategies like local fliers, tarpaulins, banners and preopening promos are appropriate for advertising the business in the market.
Technical Feasibility
The proposed business will require a store with an area of 15
square meters. Materials and other supplies will be obtained from the
manufacturers which we have selected.
Financial Feasibility
The Initial capital requirements, source of funds, project cost,
salaries and wages, balance sheet, cash flow and income statement.

Chapter II

GENERAL DESCRIPTION
Management of the Project
Type of Business
The

researchers

chose

Partnership

as

the

form

of

business

organization. Partnership is the most suited formed of business organization


for the venture. Partners will be monitoring the daily operation to look after
the business on a daily basis.
Benefits of Partnership
Partnership is relatively easy to establish; however times should be
invested in developing the partnership agreement, in our case theres no
problem about it because we are mostly friends and we are devoted to make
our business progress
With more than one owner, the ability to raise funds- Debt vs. Equity maybe
increased.
Higher quality employees. Partnerships tend to attract better employees
because of the possibility of becoming a principal in the firm.
Easy to form. Procedures and expenses are minimized.
The business usually benefit from partners who have complementary skills.
Better decision- making capability. Two heads are better than one.
Managerial flexibility. Generally, important decisions can be quickly,
although not as fast in a sole proprietorship.

Capitalization

Partner

Amount of Contribution

Lady Marie Bautista

700,000

Lorenzo Mandia

700,000

Stephany Sarabosing

700,000

Janine Sumayo

700,000

Daniella Mae Tadena

700,000

Table 1 Amount of Contribution


The initial capital of the business is three million five hundred thousand pesos (
3,500,000) which will be shared by five (5) partners. The owners decided to share an
initial capital of seven hundred thousand ( 700,000) each.

Organizational Chart
This organization chart or structure is based on direct flow of authority
from the owner which is also the manager.
Manager

Cashier

Barista

Figure 1 - Organizational Chart

Job Specification
POSITION

DUTIES AND RESPONSIBILITIES

MANAGER

Responsible
for
planning,
organizing, directing and controlling
the areas of operation and that
service is carried out in accordance
with prescribe standard and policies
of the Bubble Bee Tea House.

CASHIER

BARISTA

Must wise in buying merchandise


from the supplier.

In charge in paying and signing


receipt from supplier.

In charge of keeping record of


purchased items.

Highly skilled in presentation with


a comprehensive understanding of
coffee or tea blends, quality, coffee
or tea variety, roast degree, and
espresso
equipment.
His
responsibility is to execute and
making tea orders and ensuring
quality product is being served.
Table 2 Job Specification

Recruitment Program

MANAGER

At least 21 years
managerial course

2 to 3 years of experience
on the same field

At least 25-30 years of age

With pleasing personality


8

CASHIER

BARISTA

Female

At least 18 years old

At least graduated of 2 years


course

Preferably with accounting


background

With pleasing personality

Male/Female

18-21 years old

With pleasing personality

Must perform without


supervision

Table 3- Recruitment Program


Training Program
Many business firms require their employee to attend training
programs and seminars to equip them with additional skills for their works
and business trends. The Bubble Bee Tea House will conduct a one
week training program to train and develop and enhance the skills of the
employee.
Fringe Benefits
According to Omnibus Rules Implementing the Labor Code, proponent
must give benefits to their employee. Here are some of the benefits Bubble
Bee Tea House will provide to their employee: SSS Contribution, Philhealth
and Pag ibig.

Position Time Devoted Qualification Compensation

Positio
n

No.

Daily
Salary

Monthly
Honorariu
m

Annual

Manager

715

20,000

240,00
0

Cashier

660

18,500

222,00
0

Barista

570

16,000

192,00
0

Total

1,945

54,500

654,00
0

Table 4-Position Time Devoted Qualification Compensation


Timetable of the Project
Jan

Fe
b

Ma
r

Apr Ma
y

Jun

Jul

Au
g

Se
pt

Oct No
v

De
c

Planning
Fixing of
Legal
Requireme
nts
Constructi
on of the
Store
Purchase
of
10

Equipment
s and
Machinery
Purchase
of
Materials
Hiring of
Employees
Seminars
and
Trainings of
Employees
Promotion
Period
Soft
Opening of
the
Business
Grand
Opening of
the
Business
Table 5 Timetable of the Project
Organizational Cost

11

Chapter III

MARKET STUDY

Our market study shows our business is suitable in the area as it was
an urban place with complete vicinity and many people are passing by and
reachable for students, workers and residential places, potential customers
are increasing in every year, the location and our competitors share a large
market portion in the community, As years go by our target market will
increase and we can still give them the satisfactory wants and needs they
needed, our competitors will increase too but it depends on the market
segment we share and our marketing strategy

Marketing Program
In marketing program, promoting a business will have a different
strategies and techniques to attract probable customers and offer a promo to
customers like:
1. Special add-ons
2. Upsize your order
3. Card reward points
4. Drink and Play

12

5. Free Wi-Fi
6. Milkfie
We create a marketing strategies like reward points for regular customer.
In milkfie our employees will take a selfie of you with our product and put it
in our customers for the month board as souvenir along with thank you
message. We will put the promo offers outside in a tarpaulin standee with
colorful designs to attract possible customers along with our employee giving
fliers for our menu and special offers.

Economic Aspects
Milk tea contains a tea base mixed/shaken with fruits or jellies that are
often added, it was invented in 1980s but as of now it just became wildly
known in late 2000s here in Philippines and around Asia, milk tea shops are
everywhere whether big or small milk tea business or even a milk tea in a
cart. These past few years milk tea industry is expected to increase and gain
large market share in the economy from students to workers and children
everybody drink milk tea and with their much lesser and affordable prices
than the leasing coffee shop industry it is likely accurate to say that milk tea
is part of our daily life and better alternative for other beverages.

Probable customers
Our plan site is near residential areas and schools. Our customers are
likely to be:
1. Students
2. Future residence from the residential area
3. Tenants at a nearby commercial buildings
4. Office workers

13

Demand Analysis
YEAR

DEMAND ANALYSIS

2015
2016
2017
2018
2019

898,111
908,410
940,308
1,020,730
1,057,121
Table Demand Analysis

Supply Analysis
YEAR
2015
2016
2017
2018
2019

SUPPLY ANALYSIS
273,750
281,963
360,985
372,300
423,400
Table Supply Analysis

Assumptions Made
Growth Population from 2014-2016 with 3.54% increasing rate
2015- 30,960
2016- 32,055

2019- 37,303
*customers of competitors in a day

2017- 33,180
2018- 36,018

14

Chapter IV

Marketing Aspects
This chapter will help to know the marketing aspect of the business.
The marketing aspects will cover the following: Marketing Analysis, Product
logo and Packaging, Price Strategy, Promotions, Place and environment,
Terms of sales, and Channel of distribution.
For the business to proper, it should be given time and effort. The
proponent of this business must have the desired creatively so as to be able
to provide quality service to its customers. The fulfillment of the needs and
wants of its customer or target market must be the key objective of the
recommended business.
In every project, feasibility marketing aspect is well-thought-out the
most important since it requires inconspicuous analysis of the business total
demand and supply.

MARKETING ANALYSIS
Demand for Tea
Customers are likely to be:
15

Young professionals may consider bubblebee tea a novelty and luxury


alternative to the commuter, lunchtime, or after-work coffee. Although it
contains sugar, Bubblebee tea is much healthier alternative to carbonated
fizzy drinks and may therefore appeal to health conscious consumers.
It is popular for people to hold meetings such as craft circles and book
groups in local cafes and coffee shops, and a Bubblebee tea caf could
appeal as an unusual alternative.
Objectives of the marketing aspects are strategically centered on 3 criteria:

To create strong consumer awareness towards a completely new


Bubbletea House
To establish a wide brand recognition through the capture of market
shares in the functional drinks segment
To become top market leader
Present marketing practices of Competitors

Product Innovation
Mass Media
Differential Pricing
Personalization

Selling Organization

Selling organization must have deep knowledge of the buyers


business model and the ways in which their offering will impact the buyers
the total cost-in-use and the buyers sales of their own products. It must be
able to quantify and prove the value relative to alternatives. In many cases,
this will actually require the sales persons to have the business acumen
necessary to tailor the quantification and proof to individual buyers.
Marketing will typically need to play a significant role in establishing proof
points and enabling the field with the information.

16

Bubbletea House has a manager and two employees. The manager will
monitor all of the employees in the store and all of the employees are
required for training.
Policies to all employees and manager:

Personnel must be in store 30minutes before the operation.


Personnel must always be able check all records of sale and
disbursement before the opening and closing the store.
Regarding the accomplishment of every personnel performance.
Maintain the cleanliness and orderliness of the store.

Place and Environment


Bubblebee Tea House will be located is in the considered to be strategic
location for a business beacause it lies along the way of 20 th ave in cubao. Through
our scope is within cubao theres a possibility that people in proj4 Quezon City can
also be our customers.
Different high schools and universities such as Roosevelt College, NCBA, and
WCC etc are prospect buyers. The location of the business will be accessible enough
to meet the need of our target market.
Moreover, the place is also near Proj4 market,Murphy market or Farmers
market where we can have easy access regarding the raw materials that we will be
needed in regular operations and even on emergency operation.
Transportation and storing facilities
The products will be transported by truck and stored at the refrigerator to
avoid spoilage.

Pricing Strategies

17

We used cost plus strategy in order to set the price of our products. The
computation would be: Purchase Cost + Operating Cost + Mark Up = Selling Cost

PRODUCT LOGO AND PACKAGING


Packaging plays in Bubblebee Tea House are an important role as a medium
in the marketing mix, in promotional campaigns, as a pricing criterion, in defining
the character of new products , as a setter of trends and as an instrument to create
brand identity and shelf impact in all product groups.

We will be using plastic cups for our tea and on the side part of the cup will
have our inspirational quotes that make their day inspiring. On the top of the cup
would be our logo.

18

This is our product logo

The packaging of our tea plastic cups

19

Promotion
POSTER
Posters will be placed in our store. The design of the poster canable to
catch the attention of the customers because of the information provided as
well as its aesthetic. Chosen colors are pleasing to the eye and will surely
boost the interest of the customers to eat to our restaurant.
Two posters will be produced which are good for three months.
The computation would be: 2(no. of pcs.)X250(unit price) x3(no. of months)
= Php 500.00
WEBSITE
We are now living in the modern world and surfing to the internet is
one of the easiest ways to have quick access. The proponents will be using
free website in order to reach wider range of possible customers. This will be
great help for them to know the concept behind Bubblebee Tea House. It
will also provide good communication relationship in ways that, we will be
giving information and they will be giving comments and suggestions for
product improvements and other concerns.
Flyers
Flyers can convey wide range of possible buyers for it can be brought
to other places. The store will be produce 200 flyers per day. These will be
distributed twice a week or eight times in a month. Flyers will be given in the
first three months of the business until it will get its loyal customers.
The computation would be: 200(no. of pcs.) X 10 (unit price) X 8 (no. of times
per month) = Php 16,000
Gift Certificates

20

Our store will be giving gift certificates worth Php 100 on the first day
of operation of our business. The recipients of these certificates will be the
first 100 customers of our store.

TERMS OF SALE
In terms of sale, Cash basis only.

Channel of Distribution
The distribution will be producer (bubblebee tea house) to consumers.

Expected marketing problems that may be encountered and how shall they
be solved
o Business maybe unpredictable because the brand is newly introduced
here in national capita; region. Promotion and advertising is a must to
increase attention to get customers.
o Employees may become lazy because of customers and may not try to
allure their customers. Benefits will be given if reach a certain quota.
o Advertisement may not reach out to customers; a new design will be
made to entice prospective customers.
o Touch competition, since the Bubblebee tea house will be competing
with big time competitors like infinite,moonleaf, gongcha etc. we need
to find edge to be able to compete with them.

MARKET SUMMARY
21

The market projection of this Bubblebee Tea House is based on the


surveys conducted and other related information gathered within the vicinity
of Cubao, Quezon City. Projection of demand, supply, and sales for the first
five years of operation is based on the different factors like the population
growth, market acceptability, capacity to supply and other factors. This study
is feasible because our target populations are willing and capable of availing
our products and services. We also consider factors like our competitors and
prevailing prices of the suppliers that will affect our prices. Based on our
demand supply analysis we found out that we can supply the available
market based on our production capacity.

Chapter V

TECHNICAL ASPECT
Product
Bubble Tea is made up of hot or cold tea, milk, sugar and giant black
tapioca balls. Ice is then added and the drink shaken to create the bubble
effect. The term Bubble refers to tapioca balls in the drink. This chewy
tapioca balls or pearls are consumed along with the beverage through a
wide straw. Bubble tea is a mixture of iced or hot sweetened tea, milk, and
often other flavorings. The distinctive characteristics of bubble tea are the
black gummy balls made of tapioca (or, more commonly in East Asia, yam
starch), called "pearls" or "boba" or balls that sit at the bottom of the cup.
Manufacturing Process

22

Bubble Tea is made by pouring the prepared tea into a shaker. Milk is added for a
creamy bubble tea or Juice for a fruity tea or leave plain and add a little extra water.
Sweeten to taste with the simple syrup from soaking the tapioca balls. It takes only up
to 3.5 minutes to make each cup. Then the mixture will be transferred to the prepared
cup with tapioca balls and will be covered with a vacuum sealed plastic cover.
Plant Size and Production Schedule
Machinery
EQUIPMENT

QUANTITY

AMOUNT

Thermo Bucket

1 (10 kl.)

2,000.00

Milk Tea Mixer &


Extracting Machine

15,000.00

Digital Kitchen
Timer

400.00

Stainless Ladle

50.00

Milk Tea Barrel


Stainless Steel
Liner

2,500.00

Cup Sealer

10,000.00

Wall Mounted Split


Type Aircon

25,000.00

Fire Extinguisher

3,000.00

TOTAL

57,950
Table 5- Equipment

Store Location
Store Layout
23

Raw Materials
Ingredients

Price

Oolong Tea

505.00/ 600 gms


400.00/ 600 gms

Jasmine Tea
4,000.00/ 25 kg
Non-Dairy Creamer
460.00/ 1.3 kg
Almond Syrup
380.00/ 3 kg
Honey Syrup
485.00/ 5.5 kg
Mango Syrup
390.00/ 2.5 kg
Strawberry Syrup
490.00/ 2.5 kg
Taro Syrup
2,200.00/ 20 kg
Wintermelon Syrup
Table 6- List of Raw Materials
Supplier

Company name

Location

Contact number

Tri-Merchand Marketing
Corporation

#20 Izumi Building


Kamagong St.
Maybunga City of Pasig,
NCR

Miss Toni Tang


Tel:
4758384/09175814072

Table 7- Supplier
Supplies

24

CLEANING SUPPLIES

QUANTITY

PRICE

Mop bucket & wringer

200.00

Broom & dust pan

1 set

100.00

Squeegee

120.00

Cleaning solutions

5 bottles

1,000.00

TOTAL

1,420.00
Table 8- Cleaning Supplies

OFFICE SUPPLIES

QUANTITY

AMOUNT

Electronic printing
calculator

2,280.00

Wi-Fi router

1,480.00

Audio system

7,500.00

TOTAL

11,260.00
Table 9- Office Supplies

MILK TEA SUPPLIES

QUANTITY

PRICE

Jigger

500.00

Bar spoons

200.00

Disposable cups

1,000 pcs.

10,000.00

Straw

200 packs

2,000.00

Glass wares

5 sets

10,000.00

Tea supplies

600 packs

40,000.00

25

TOTAL

62,700
Table 10- Milk Tea Supplies

Furniture and Fixture


FURNITURE AND
FIXTURE

QUANTITY

PRICE

Round coffee table

9,000.00

Wooden chairs

1,800

TOTAL

10,800
Table 11- Furniture and Fixtures

Utilities
UTILITIES

Monthly

Annually

Electric bill

2500

30000

Water bill

1500

18000

Communication

500

6000

TOTAL

54000
Table 12- Utilities

Note: The proposed business will be using purified drinking water to


minimize the health issue regarding what water will be use of the business.
Store Renovation and Rent Cost Rented Space:

26

Bubble Bee Tea House will be renting a space at 932 One Convio
Corner 20th Avenue, Aurora Blvd., Cubao, Quezon City. The space measures
15 sq.m. The proponents will rent the said space with an amount of
16,500.00 monthly inclusive of tax and two months deposit of 30,000
exclusive of tax. The lessee requires twelve months of postdated checks.
Renovation Cost: 6418
Total Cost: 36,418
Legal Requirements
1. Registration with BIR (Bureau of Internal Revenue)
2. Registration of Business Name with DTI (Department of Trade and
Industry)
3. Barangay Clearance and Business Permit
4. Mayors Permit

Status and Timetable of the Project

27

Chapter VI

Financial Study
This chapter discusses the Financial Aspects of the study, in order for a
business plan to understand it needs money to start. To determine whether
the future industry will remain profitable through the existence of
competitors and unfavorable economic condition, the researches have to
project a three year financial statement.
This chapter includes the Initial capital requirements, source of funds,
project cost, salaries and wages, balance sheet, cash flow and income
statement.

6.1 Initial Capital Requirements


The partners agreed to contribute an equal sharing capital in amount of
700,000.00 each

Partners
Lady Marie Bautista
Daniella Tadena
Lorenzo Mandia
Janine Sumayo
Stephany Sarabosing
Total

Initial Capital
Requirements
Ratio
20%
20%
20%
20%
20%
100%

Invested Amount
700,000.00
700,000.00
700,000.00
700,000.00
700,000.00
3,500,000.00

6.2 Source of Financing


All other financial needs will self-funded by the partners.

28

6.3 Project Cost

Supply and Operations


Particulars

Amount

Working Capitals

800,000.00

Operating Expenses

30,000.00

Pre-Operating Expenses

20,000.00

Research and Development

5,000.00

Total Project Cost

855,000.00

6.4 Salaries and Wages


Salaries and Wages
Position

Compensation

Annually

Manager

20,000.00/month

240,000.00

Cashier

18,500.00/month

222,000.00

Barista

16,000.00/month

192,000.00

Total Salaries and Wages

654,000.00

29

6.5 Projected Balance Sheet


Bubble Bee Tea House
PROJECTED BALANCE SHEET
For the Year Ended December 31, 2015 to 2017
Particulars
ASSETS
Current Assets
Cash on Hand and in Bank
Change Funds
Total Current Assets

2015

2016

2017

3,007,411.40

3,797,957.42

4,635,417.47

10,000.00
3,017,411.40

11,000.00
3,808,957.42

12,100.00
4,647,517.47

Non-Current Assets
Supplies

86,202.00

86,202.00

86,202.00

Furniture and Fixtures


Equipment

17,980.00
266,808.25

17,980.00
266,808.25

17,980.00
266,808.25

Less: Accumulated
Depreciation
Total Non-Current Assets
Pre-Operating Activities
TOTAL ASSETS

90,591.69

99,650.86

109,615.94

280,398.56
13100

271,339.39

261,34.31

4,080,296.81

4,908,891.78

31,109.62
19,165.60

31,420.71
19,357.25

38,197.80
11,700.00

38,579.78
11,817.00

38,965.58
11,935.17

99,675.24

100,671.99

101,678.71

2,500,000.00
711,234.72

3,211,234.72
768,390.10

3,979,624.82
827,588.25

3,211,234.72
3,310,909.96

3,979,624.82
4,080,296.81

4,807,213.07
4,908,891.78

3,310,909.96

LIABILITIES AND OWNERS EQUITY


Current Liabilities
SSS Payable
PAGIBIG Payable
Withholding Tax Payable
PHILHEALTH Payable
TOTAL LIABILITIES
OWNERS EQUITY
Bubble Bee, Capital
Add: Net Income After Tax
TOTAL OWNERS EQUITY
TOTAL LIABILITIES AND
PARTNERS CAPITAL

30,801.60
18,975.84

30

6.6 Projected Cash Flow Statement


Bubble Bee Tea House
PROJECTED CASH FLOW STATEMENT
For the Year Ended December 31, 2015 to 2017
Particulars
CASH INFLOWS
Cash Balance-Beginning
Add:Cash Receipts From
Customers
TOTAL CASH INFLOWS

2015

2016

2017

2,500,000.00
711,234.72

3,211,234.72
769,390.10

3,979,624.82
827,588.25

3,211,234.72

3,979,624.82

4,807,213.07

LESS: CASH OUTFLOWS


Operating Expenses and Other Cash Outflows
Supplies Expense
86,202.00
86,245.10
Promotional and
Representation
Taxes and Licenses
SSS Payable
PAGIBIG Payable
Withholding Tax Payable

86,288.22

10,000.00

10,000.00

10,000.00

12,670.00
30,801.60

12,670.00
31,109.62

12,670.00
1,420.71

18,975.84
38,197.80

19,165.60
38,579.78

19,357.25
38,965.58

PHILHEALTH Payable
Salaries and Wages

11,700.00
474,394.08

11,817.00
483,881.96

11,935.17
493,559.60

Utilities Expense
Repair and Maintenance

149,357.78
25,000.00

150,851.36
25,250.00

152,359.87
25,502.50

Rent Expense
Depreciation Expense

378,000.00
90,591.69

378,000.00
90,591.69

378,000.00
90,591.69

TOTAL CASH OUTFLOWS


NET CASH BALANCE

1,325,890.79
1,885,343.93

1,338,162.10

1,350,650.60

2,641,462.72

3,456,562.47

31

6.7 Projected Income Statement


Bubble Bee Tea House
PROJECTED INCOME STATEMENT
For the Year Ended December 31, 2015 to 2017
Particulars
REVENUE
Gross Sales
Less: Cost of Sales
TOTAL REVENUE

2015

2016

2017

3,441,000.00
1,069,175.80

3,548,358.37
1,079,867.56

3,772,133.31
1,090,666.23

2,371,824.20

2,468,147.54

2,567,692.14

LESS: CASH OUTFLOWS


Operating Expenses and Other Cash Outflows
Supplies Expense
Promotional and
Representation
Taxes and Licenses

86,202.00
10,000.00

86,245.10
10,000.00

86,288.22
10,000.00

12,670.00

12,670.00

12,670.00

SSS Payable
PAGIBIG Payable

30,801.60
18,975.84

31,109.62
19,165.60

1,420.71
19,357.25

Withholding Tax Payable


PHILHEALTH Payable

38,197.80
11,700.00

38,579.78
11,817.00

38,965.58
11,935.17

Salaries and Wages


Utilities Expense

474,394.08
149,357.78

483,881.96
150,851.36

493,559.60
152,359.87

Repair and Maintenance


Rent Expense

25,000.00
378,000.00

25,250.00
378,000.00

25,502.50
378,000.00

Depreciation Expense
TOTAL CASH OUTFLOWS

90,591.69
1,325,890.79

90,591.69
1,338,162.10

90,591.69
1,350,650.60

1,045,933.41

1,129,985.44

1,217,041.54

INCOME BEFORE TAX


Multiply by: Provisions For
Income Tax
INCOME AFTER TAX

32%

32%

32%

711,234.72

768,390.10

827,588.25

32