SKYBARN ™

…a Millennial Dining Experience.

1
About Us


It happens millions of times each week – a customer receives a food & drink
from a Skybarn barista – but each interaction is unique.



It’s just a moment in time – just one hand reaching over the counter to present a cup to
another outstretched hand.
But it’s a connection.
We make sure everything we do honours that connection – from our commitment to
the highest quality food in the world, to the way we engage with our customers and
communities to do business responsibly.
From our beginnings as a single store for over a year ago, in every place that we’ve
been, and every place that we touch, we've tried to make it a little better than we
found it. 2
Our Company

Company Information
To say Skybarn purchases and serve high-quality food & drinks is very true.
That’s the essence of what we do – but it hardly tells the whole story.

3
Our Heritage

Every day, we go to work hoping to do two things: share great food & drinks with our friends and help
make the world a better place. It was true when the first Skybarn ( previously Cattle Milkshake Bar )
opened in June 2017, and it’s just as true today.
From a “simple concept” , Irene Herrero and Ma. Francesca “Chesca” Herrero presented the concept
to SM City North Edsa, right after three days they received an email as the concept has been
approved. An invitation for a product taste was conducted at SM City North Edsa a week after with
the help of their previous employees Michelle Estimada, Novelyn Linggayo, Estella Espiritu, Wilma
Cabudol and Dennis Balaleng.
The whole management team of SM City North Edsa were very much impressed and satisfied with the
food & drinks during the food test, they even classified the concept as the “ Millennial Concept “ and
without any hesitation, they have offered an award notice for three-different locations at the mall right
after the product taste.
A mall and location feasibility was conducted and with the passion to delight customers Irene and Ma.
Francesca signed the award notice.
With the pursuit to make it happen and a vision of National exposure of the brand, Irene discussed the
business concept to Christopher Galay , an owner of a small convenience store in front of Grass
Residences where Irene and Ma. Francesca resides. Without second thoughts Christopher Galay
signed and joined the company and became their business partner. 4
Back then, the company was a single store at SM City North Edsa a Premier Mall in the Philippines.
From just a narrow store, Skybarn offered some of the world’s finest fresh-blended milkshakes,
pasta, desserts, sandwiches and cakes. The name, inspired by the traditional barn concept,
evoked the classic and traditional lifestyle at the barn.

In July 2017, Millicient “ Shanty “ Dela Torre (Skybarn Corporate Treasurer) had first walked into a
Skybarn store. From her first cup of French Vanilla Milkshake, Shanty was drawn into Cattle and
joined the company on the same day as business partner.

In September 2017, Cattle Milkshake Bar terminated the first branch at SM City North Edsa and
decided to convert the company from single proprietorship to a Corporate account to
accommodate premier locations being awarded by Prime Malls in the Philippines, to which Ayala
Malls and SM Supermalls considered as the two giants in Philippine malls.

Irene and Shanty then decided to meet the investor endorsed by SM City San Mateo Leasing
Manager in the name of Fidel Sarausad, two weeks after, Fidel Sarausad introduced his sister Mae
Francesca Sarausad ( Board of Directors) , and after a week from the meeting, Mae Francesca
Sarausad signed and joined the company and became one of the Board of Directors.

Irene had a vision to bring the “Millennial Dining Experience” to a National level. A place for
conversation and a sense of community. A third place between work and home. Irene and Shanty
continued to worked hard and discussed the concept to different businessman with the goal of
acquiring new local investors with the help of other Board of Directors, Fidel Sarausad and Mae
Francesca Sarausad.

5
From there, they were able to gain more funds and establish the Virjen De Maria Foods
Corporation to help finance the projects.
From the beginning, Skybarn set out to be a different kind of company. One that not only
celebrated food and drinks and the rich tradition, but that also brought a feeling of connection.

Our mission to inspire and nurture each person and

create a “SWEET STORY” out of that experience.
Expect More Than Milkshakes
We’re not just passionate purveyors of milkshakes, but everything else that goes with a full and
rewarding millennial dining experience. We also offer a selection of premium coffee, fine pastries
and other delectable treats to please the taste buds. And the music you hear in store is chosen for
its artistry and appeal.
It’s not unusual to see people coming to Skybarn to chat, meet up or even work. We’re a
neighbourhood gathering place, a part of the daily routine – and we couldn’t be happier about it.
Get to know us and you’ll see: we are so much more than what we serve.
We make sure everything we do is through the lens of humanity – from our commitment to the
highest quality food and drink in the world, to the way we engage with our customers and
communities to do business responsibly.

6
Our Corporate Name
Virjen De Maria Foods Corporation
With our loving devotion to the Blessed Virgin Mary ,
Mother of God - we decided to name the Corporation in
Her honour.
The Blessed Virgin Mary never fails us for every prayer
request that we made. She constantly intercedes our
prayer to Jesus. Her love and guidance is the ultimate
reason why we were able to make all these things
happen.
The Blessed Virgin Mary may be taken as a patroness of
any good activity, for she is often cited as the patroness of
all humanity. The Blessed Virgin Mary is also associated
with protecting many occupations and locations. And
above all She is our MOTHER.
"The foundation of all our confidence. . . is found in the
Blessed Virgin Mary. For God has committed to Mary the
treasury of all good things, in order that everyone may
know that through her are obtained every hope, every
grace, and all salvation. For this is his will, that we obtain
everything through Mary."

7
Our Trade Name
SKYBARN
To start with a fresh trademark upon discontinuance of the Cattle
Milkshake Bar brand in September 2017, we thought of something
traditional and closer to the Cattle concept.
We would like to preserve the “barn” concept and so we
collaborated our ideas to come up with a Trade Name that would
personally reflect the character of a barn type dining.
Heaven has blessed us with this opportunity through prayers and
hardwork…and so with our love for things up above, we came up
with the word “SKY” not only for all the GOODNESS the word brings,
but an icon as well for the ULTIMATE or the HIGHEST dream we can
achieve if we will just have a strong faith and remain in God’s love.
It is every human spirit would like to reach , ..to reach for the SKY!
The mere though of pronouncing the word SKYBARN emphasizes the
goal of every human to experience something good and beautiful ,
something sweet that they would cherish for the rest of their life.
Thus SKYBARN was born, a dining community - for every customer
who would like to experience a second home, and for every Business
Partner to remind that each and every hard work has a promising
reward of blessings and graces
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Our LOGO

FULL CIRCLE OF LIFE that is what symbolizes our Logo.

Green colour as the colour of HOPE and LIFE .

The BARN image at the centre is where we do our BUSINESS , it represents each and every store we will
open. It symbolizes the community of customers who will visit us for a rewarding dining experience. The
DOORs and WINDOW , are the endless opportunities along the way.
The TWO FORTUNE PLANTS represents our HERITAGE as we build our legacy that will be inherited by our
great grand children to prepare something better for their future.

The EIGHT RAYS signifies a NEW BEGINNING EACH DAY as we work to reach our goals. To begin each day
with a smile, to stood up and learn for any mistake and to bring HOPE when all else have failed.
The EIGHT STARS symbolizes the ELEMENTS OF THE EARTH . Five of the stars - Earth , Fire, Metal, Air and Water
remind us that God has provided us the abundance of the Universe, to make use of it in nurturing our
human spirit and be grateful for all God given blessings we may received and live the life God wanted us
to be. Three of the stars – represents our EMPLOYEES, our BUSINESS PARTNERS and our COMMUNITY, where
these three unites to form a solid foundation to bring out the BEST IN EVERYTHING we do for without any of
these pillars we will not be able to fulfil our goal.
The CIRCLE BORDER is the INFINITY for unlimited potential , the endless passion that ignites each one of us
to work and connect with transparency,honesty,respect…
..and dignity in delivering the best in all we do.

9
Our VALUES

With our partners, our community, our employee and our customers at our core,
we live these values:
✓ Creating a culture of warmth and belonging, where everyone is welcome.
✓  Acting with courage, challenging the status quo and finding new ways to grow our company and each
other.
✓ Being present, connecting with transparency, dignity and respect.
✓ Delivering our very best in all we do, holding ourselves accountable for results.
✓ We are performance driven, through the lens of humanity.

And Define us…

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Our Promise to our Customers



…a unique interaction and experience for a HAPPY
CUSTOMER…



At Skybarn, we do something extraordinary. Every encounter with our
customer is a rewarding moment. It makes them feel important , satisfied
and valued.



We ensure their needs and cravings are satisfied.

We will never settle for less and will not compromise their satisfaction.



Our goal for a Customer Lifetime Value (CLV) at Skybarn is endless.

We make sure to create a “WOW” experience every time they visit the store. 

At Skybarn, we engage our customers with our brand, with the goal to make
that experience a personal passion, become a personal favourite and in time
become a daily part of their lives. 



Each dish in our menu was built through caring and craft, dedication and
innovation, all with a singular commitment to excellence.



Each dish is CRAFTED FOR YOUR NEEDS.



It only takes a moment to make someone’s day a little brighter. 


Satisfy with a Smile !

That’s why we take great care to craft each dish with the needs of your
CRAVINGS in mind and a SMILE on your face.
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A REWARDING career for our EMPLOYEES



From the beginning, we have recognized that you, our
partners, are critical to our continued success. Skybarn
reputation for the finest milkshakes in the world, legendary
customer service and the highest integrity is the direct
result of our collective efforts.



We are all caretakers of Skybarn reputation. How we conduct
our business and how we treat others—our fellow partners,
customers, communities, suppliers and shareholders—will
continue to determine how the world views Skybarn.



Each of us is personally responsible for supporting our core
values, which require compliance with the law as well as
ethical conduct. We have issued the Standards of Business
Conduct to restate our longstanding commitment to uphold
that responsibility and to provide guidance to our partners.



As we move forward, the Standards will help ensure that
our values continue to be reflected in each Skybarn store
and business activity. A commitment to integrity, acting
honestly and ethically, and complying with the letter and
intent of the law are critical to our continued success.



Join us as we , ENGAGE, DELIGHT AND DELIVER, start
something AWESOME and be a part of our SKYBARN FAMILY!


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Our Responsibility to our Community



With Our Sweet Loving Gesture, 



SKYBARN

is helping to transform social 

and corporate responsibility in Philippines. 

We believe that a portion of every business 

Transaction should go to help someone in need. 

Love and Compassion.
Compassion and philanthropy should be the 
 Because WE CARE.
Foundation of every business model. 

We have made it ours. 

has teamed up with charities 

to bring this program come to life. 

With each purchase of any product every month, 

we will give 1% of that purchase to 

OUR CHOSEN CHARITY program. We feel that one of the greatest causes 

is reaching out and helping others that are in need.

 

We are committed to making this campaign a success, 

but cannot do it without you. Please join our cause by sweetening and 

blending love to someone’s life with a cup of milkshake 

and make this world a happier place. 


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Corporate Governance
As part of the SKYBARN mission we are committed to maintaining our uncompromising principles while we
grow.

In this regard, our Board of Directors has adopted governance principles, committee charters and
policies to lead SKYBARN governance practices. Currently, our board has 6 directors, a substantial majority
of whom meet all of the independence requirements of Virjen De Maria Food Corporation and Securities
and Exchange Commission.

Corporate Governance Materials

Virjen De Maria Corporation Corporate Governance Principles and Practices for the Board of Directors

Download PDF

Restated Articles of Incorporation of Virjen De Maria Corporation

Download PDF

Amended and Reinstated Bylaws of Virjen De Maria Corporation

Download PDF

Code of Ethics for CEO and Finance Leaders

Download PDF

Virjen De Maria Corporation Director Nominations Policy

Download PDF

Virjen De Maria Corporation Procedure for Communicating Complaints and Concerns

14
Download PDF
Board Committee Charters
Virjen De Maria Food Corporation Audit and Compliance Committee Charter
Download PDF
Virjen De Maria Food Corporation Compensation and Management Development Committee
Charter
Download PDF
Virjen De Maria Food Corporation Nominating and Corporate Governance Committee Charter
Download PDF
Virjen De Maria Food Corporation Audit and Compliance Committee Policy for Pre-Approval of
Independent Auditor Services
Download PDF

15
Directors and Officers
Board of Directors Biographies
View the Board of Directors Biographies here ( for submission )
Board Committees List
View the Board Committees List here ( for submission )
Skybarn Senior Officers
View the list at news.skybarn.com ( for submission )

We work as ONE.

16
 



Board of Directors



Ma. Francesca D. Herrero

President



Irene D. Herrero

Vice President



John Paul D. Herrero

Corporate Secretary



Millicient G. Dela Torre

Corporate Treasurer



Mae Francesca C. Sarausad

Board Member



Christopher M. Galay

Board Member


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Skybarn Standards of Business Conduct





The Standards of Business Conduct booklet is a

resource distributed to all partners to help them

make appropriate decisions at work.

The Standards are a brief statement of some 

of the company’s expectations of how we are 

all to conduct SKYBARN business, consistent with 

our Guiding Principles. 



Here, you'll discover an overview of some of the
legal and ethical standards we are each
expected to follow every day. If you are unsure of
what to do in a situation, you have support.



View version 1.0 of the Standards 

of Business Conduct.( For completion )


18
Dear partners,



As Skybarn continues to grow and evolve, our commitment to
Our Mission & Values endures—they form the basis for our culture
and guide how we act as individuals and as a company.  


 “Conducting business
We are all entrusted to make decisions that impact our ethically, with
reputation and relationships with each other, our customers, our
business partners and our communities. Conducting business integrity and
ethically, with integrity and transparency, is essential to
preserving our culture and protecting our brand.

transparency, is

 essential to
The Standards of Business Conduct provide guidance to help all
of us make ethical decisions at work. It is up to each of us to live preserving our
our values through our actions. That means asking for help if you
have a question or concern and if you are unsure of what to do
culture and
in a situation, please speak up.
 protecting our


I am so proud of the legacy we have created together. Thank brand.”
you for your partnership and commitment to always doing the
right thing and living our values.



 All the best,




Irene Herrero

VP



19
Our Projects
SM City Fairview

Ground Flr. AX010 

Flr.area (53.23sqm)

Project Cost : 4,645,429.88



Greenbelt 5

Ground Flr. 1028

Total Project Cost - 5 Branches
Flr. Area (118.78sqm)

Project Cost : 6,692,295.68

Php 28,659,267.70


SM City North Edsa

Sky Garden 2L010 

Flr.area (53.23sqm)

Project Cost : 2,175,119.56



The 30th Mall - Ayala

3rd Flr. 3038

Flr. Area (116.93sqm)

Project Cost : 5,198,458.13



Vertis North

3rd Flr. R4-L3 -053

Flr area ( 83.04sqm ) with outside seating ( 24.62sqm) = 107.66sqm

Project Cost : 4,847,253.83



SM MEGAMALL

2nd Flr. 401B

Flr .Area (87.98sqm)

Project Cost : 5,100,710.62



20
Project Summary November 2017- January 2018

Store - Branch SM City Fairview GB5 SM City North Edsa The 30th Mall Vertis North SM Megamall TOTAL
Area: 52.23sqm 118.78sqm 52.47sqm 116.93sqm 107.66sqm 87.98sqm
Lease Cost / month : 85,168.00 184,109.00 78,705.00 87,697.50 83,040.00 145,167.00 663,886.50
Security Deposit: 511,008.00 1,104,654.00 472,230.00 526,185.00 415,200.00 871,002.00 3,900,279.00
Construction Bond: 85,168.00 736,436.00 78,705.00 87,697.50 83,040.00 145,167.00 1,216,213.50
Total Lease Cost: 681,344.00 2,025,199.00 629,640.00 701,580.00 581,280.00 1,161,336.00 5,780,379.00

Construction Cost: 2,733,415.00 3,289,258.00 543,788.00 3,125,880.00 2,989,756.00 2,734,896.00 15,416,993.00

Equipments,Interior Designs and Furnitures: 759,500.00 893,450.00 532,775.32 893,450.00 798,312.68 726,907.31 4,604,395.31
Govt.Permits , Insurance, CARI & CGLI: 33,500.20 46,718.00 31,245.56 39,877.45 40,234.47 39,900.63 231,476.31
Cost of Goods: 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 2,100,004.08
Marketing, Employee Uniforms & Training: 87,670.00 87,670.00 87,670.00 87,670.00 87,670.00 87,670.00 526,020.00
Total Project Cost: 4,645,429.88 6,692,295.68 2,175,119.56 5,198,458.13 4,847,253.83 5,100,710.62 28,659,267.70

Total Leasing Cost: 5,780,379.00

Total Construction Bond ( Refundable ) :1,216,213.50 **
Total Construction Cost: 15, 416,993.00
21

** To be added to Capital
 Project Summary November 2017- January 2018

Total Lease Cost: Construction Cost: Total Project Cost:

22

Benchmark = 4.5-5M
Project Summary of Expenses November 2017- January 2018

54%

16%
14%
7%
2% 4%
1% 2%

23
Benchmarking OUR BUSINESS
✓ see where we can reduce costs and improve efficiency
✓ assess the productivity of our business compared to how
many employees we have
✓ identify opportunities for improvement, new ideas and
innovative practices
✓ highlight opportunities for making our business more
competitive
✓ forecast the impact of any changes and see how to prepare
for growth.

Identify Benchmarking opportunities

through our financial data to improve the
performance and profitability of our business.
24
Calendar Schedule of Store Opening



SM City North Edsa December 16,2017

SM City Fairview December 23,2017

Greenbelt 5 January 27,2018

The 30th Mall January 28,2018

Vertis North February 8,2018

SM Megamall February 18,2018



Note: Subject to change as project calendar includes 5-7 days sign-off
allowance upon area turn-over from the Contractor.


25
Mall Profile
Store - Branch SM City Fairview GB5SM City North Edsa The 30th Mall Vertis North SM Megamall

Mall Opening Day Oct.5,1997 July 6,2007 Nov.8,1985 Jan.12,2017 June 9, 2017 June 28,1991

Mall Hierarchy 2nd Supermall in QC2nd Flagship Mall of Ayala1st Supermall in QC 1st Ayala Mall in Ortigas
2nd Ayla Mall in North QC2nd Largest Sm Mall

1st Ayala Mall managed

Ayala's 4th Largest Mall
Profile 4th Largest SM Mall 2nd Largest Ayala Mall Largest SM Mall by Mariana Zobel de 3rd SM Supermall
in QC
Ayala
Area: 52.23sqm 118.78sqm 52.47sqm 116.93sqm 107.66sqm 87.98sqm
20% AB 70% AB 20% AB 60%AB 60%AB 25% AB
Market
80% BROAD C 30% UPPER C 80% BROAD C 40% UPPER C 40% UPPER C 75% BROAD C
Seating Capacity 50 90 50 90 80 70

Average Daily Foot Traffic (

140,000 120,000.00 170,000.00 90,000.00 120,000.00 130,000.00
Mall Data )

Average Daily Foot Traffic (

1,400 1,200 1,700 900 1,200 1,300
Skybarn Data )
LOWEST FEASIBILITY DATA -
420 360 510 270 360 390
AFT

Source Data : Submitted by respective malls 26

Store Feasibility

Based on 40% Average Daily Foot Traffic


Store - Branch SM City Fairview GB5 SM City North Edsa The 30th Mall Vertis North SM Megamall
Area: 52.23sqm 118.78sqm 52.47sqm 116.93sqm 107.66sqm 87.98sqm
Average Daily Foot Traffic ( Mall Data ) 140,000 120,000.00 170,000.00 90,000.00 120,000.00 130,000.00
Average Daily Foot Traffic ( Skybarn Data ) 1,400 1,200 1,700 900 1,200 1,300
LOWEST FEASIBILITY DATA - AFT ( 40%) 560 480 680 360 480 520
Average Gross Income ( Milkshake ) 106.20 106.20 106.20 106.20 106.20 106.20
Average Gross Income ( Concoction ) 78.50 78.50 78.50 78.50 78.50 78.50
Average Gross Income ( Pasta ) 105.00 105.00 105.00 105.00 105.00 105.00
Average Gross Income ( Cakes ) 68.50 68.50 68.50 68.50 68.50 68.50
Average Gross Income ( Sandwiches ) 79.75 79.75 79.75 79.75 79.75 79.75
Average Gross Income ( Salads ) 53.12 53.12 53.12 53.12 53.12 53.12
Total Average Income ( all products ) 81.85 81.85 81.85 81.85 81.85 81.85
Daily Average Gross Income 45,836.00 39,288.00 55,658.00 29,466.00 39,288.00 42,562.00
Weekly Average Gross Income 320,852.00 275,016.00 389,606.00 206,262.00 275,016.00 297,934.00
Monthly Average Gross Income 1,375,080.00 1,178,640.00 1,669,740.00 883,980.00 1,178,640.00 1,276,860.00
SUMMARY - ALL BRANCHES
Daily Average Gross Total 252,098.00
Weekly Average Gross Total 1,764,686.00
Monthly Average Gross Total 7,562,940.00

27
Store Feasibility

Based on 50% Average Daily Foot Traffic


Store - Branch SM City Fairview GB5 SM City North Edsa The 30th Mall Vertis North SM Megamall
Area: 52.23sqm 118.78sqm 52.47sqm 116.93sqm 107.66sqm 87.98sqm
Average Daily Foot Traffic ( Mall Data ) 140,000 120,000.00 170,000.00 90,000.00 120,000.00 130,000.00
Average Daily Foot Traffic ( Skybarn Data ) 1,400 1,200 1,700 900 1,200 1,300
LOWEST FEASIBILITY DATA - AFT ( 50%) 700 600 850 450 600 650
Average Gross Income ( Milkshake ) 106.20 106.20 106.20 106.20 106.20 106.20
Average Gross Income ( Concoction ) 78.50 78.50 78.50 78.50 78.50 78.50
Average Gross Income ( Pasta ) 105.00 105.00 105.00 105.00 105.00 105.00
Average Gross Income ( Cakes ) 68.50 68.50 68.50 68.50 68.50 68.50
Average Gross Income ( Sandwiches ) 79.75 79.75 79.75 79.75 79.75 79.75
Average Gross Income ( Salads ) 53.12 53.12 53.12 53.12 53.12 53.12
Total Average Income ( all products ) 81.85 81.85 81.85 81.85 81.85 81.85
Daily Average Gross Income 57,295.00 49,110.00 69,572.50 36,832.50 49,110.00 53,202.50
Weekly Average Gross Income 401,065.00 343,770.00 487,007.50 257,827.50 343,770.00 372,417.50
Monthly Average Gross Income 1,718,850.00 1,473,300.00 2,087,175.00 1,104,975.00 1,473,300.00 1,596,075.00
SUMMARY - ALL BRANCHES
Daily Average Gross Total 315,122.50
Weekly Average Gross Total 2,205,857.50
Monthly Average Gross Total 9,453,675.00

28
Operational Cost Summary

Based on 40% Average Daily Gross Income
Store - Branch SM City Fairview GB5 SM City North Edsa The 30th Mall Vertis North SM Megamall TOTAL

Projected Sales 1,375,080.00 1,178,640.00 1,669,740.00 883,980.00 1,178,640.00 1,276,860.00 7,562,940.00

Lease Cost / month : 85,168.00 184,109.00 78,705.00 87,697.50 83,040.00 145,167.00 663,886.50
Payroll 75,036.00 125,060.00 75,036.00 125,060.00 100,048.00 100,048.00 600,288.00
Cost of Goods: 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 2,100,004.08
12% VAT 165,009.60 141,436.80 200,368.80 106,077.60 141,436.80 153,223.20 907,552.80
Marketing 68,754.00 58,932.00 83,487.00 44,199.00 58,932.00 63,843.00 378,147.00
Utility Bills 13,626.88 29,457.44 12,592.80 14,031.60 13,286.40 23,226.72 106,221.84
Miscellanous Expenses ( 1% of Sales ) 13,750.80 11,786.40 16,697.40 8,839.80 11,786.40 12,768.60 75,629.40

NET MONTHLY INCOME: 603,734.04 277,857.68 852,852.32 148,073.82 420,109.72 428,582.80 2,731,210.38

29
Operational Cost Summary

Based on 50% Average Daily Gross Income
Store - Branch SM City Fairview GB5 SM City North Edsa The 30th Mall Vertis North SM Megamall TOTAL

Projected Sales 1,718,850.00 1,473,300.00 2,087,175.00 1,104,975.00 1,473,300.00 1,596,075.00 9,453,675.00

Lease Cost / month : 85,168.00 184,109.00 78,705.00 87,697.50 83,040.00 145,167.00 663,886.50
Payroll 75,036.00 125,060.00 75,036.00 125,060.00 100,048.00 100,048.00 600,288.00
Cost of Goods: 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 350,000.68 2,100,004.08
12% VAT 206,262.00 176,796.00 250,461.00 132,597.00 176,796.00 191,529.00 1,134,441.00
Marketing 85,942.50 73,665.00 104,358.75 55,248.75 73,665.00 79,803.75 472,683.75
Utility Bills 13,626.88 29,457.44 12,592.80 14,031.60 13,286.40 23,226.72 106,221.84
Miscellanous Expenses ( 1% of Sales ) 17,188.50 14,733.00 20,871.75 11,049.75 14,733.00 15,960.75 94,536.75

NET MONTHLY INCOME: 885,625.44 519,478.88 1,195,149.02 329,289.72 661,730.92 690,339.10 4,281,613.08

30
Funding Summary as of Nov.20,2017


Startup Capital – 8,000,000.00


Cash Refundable from Construction Bonds 1,216,213.50

Cash receivables from Nov-30 to Dec.12, 2017 2,780,650.00

TOTAL: 11,996,863.50



Total Project Cost 28,659,267.70

Required Funds 16,662,404.20

Add 5% Contingency Funds 2,865,926.77

Grand Total 19,528,330.97

31
Schedule of Additional Funds

Committee Appointment / Nomination


32
Job Hiring



Branch Managers

Supervisors

Acctg. Staff

Branch Relations Manager

Social Media Manager

Service Crews / Barista / Cook





Immediate Reqmt.

Head Office Address – Physical / Virtual Office




33
Thank You 

and God Bless 

Our Plans !
34