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7/29/2019 Be Antastic
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F.L.VARGAS COLLEGE
Tuguegarao City, Cagayan
GRADUATE SCHOOL
1
Business Plan:
The Bean-Tastic Box
(a healthy snack pack in a box)
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Tuguegarao City, Cagayan
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Executive Summary
The increasing demand for healthy food is creating more opportunities for
people to go into business, and one of the least expensive but potentially lucrative
ventures is food cart business. Food cart business is the current trend in the
market where individuals with minimal capital can embark on. In our locality, this
kind of business popped like mushrooms that in almost every corner in the city, a
food cart business exist. And this is very evident in our own commercial centers
wherein business is doing well for those who sell in a food cart such as those who
sell juices, shakes, dumplings, popcorns, cupcakes and the likes.
Consumer awareness of healthy drinks and sweet goodies is increasing, but
many people-wage earners particularly-are fairly set on the amount of money
theyll pay for a such. Fruit juices and cakes are a bit expensive, so a customer
with not much to spare will always choose something cheaper but delicious and
nutritious to quench their thirst and satisfy their hunger. The BeanTastic Box, a
snack pack in a box provides the answer.
The desire of the proponent to provide to the public a healthy snack gave
birth to The Bean-Tastic Box.
The Bean-Tastic Box is a food cart business, sole proprietorship by form; it
shall be owned and managed by Pia E. Matote, the proponent, with the capital of
TWO HUNDRED FIFTY THOUSAND PESOS (P250,000.00). The owner is
motivated and driven to extend into its clients utmost satisfaction with the
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delightful tastes and nutritional benefits of its products, excellent customers
service, while being profitable.
It shall be known as The Bean-Tastic Box, and this small business shall be
strategically located at the Mall of the Valley, Tuguegarao City, Cagayan.
The Bean-Tastic Box will cater into the needs of a nutritious and delicious
snack for its customers with affordable price, while keeping convenience for it is
strategically conceptualized to be a snack in a box.
The business main product will be cookies made of munggo beans, the
Mung-Kies, and to compliment this product is a delicious thirst quenching
munggo shake, the Go-Shake. These products are new and distinct from what is
prevalent in the market nowadays considering that the main component of said
products is a legume rich in vitamins and minerals.
The owner and the operator of the business is confident to carry out its
objective of becoming a successful entrepreneur with her experiences gained all
through her life, combined with creativity is an output of a business plan
encompassing the essential factors that will certainly contribute towards meeting
customer demands in the local market.
The manager and the owner is confident that the business will gain a market
segment for its operations, knowing that munggo is a favorite food of the
Filipinos. And bringing innovation to a publicly love food will certainly arouse
the curiosity of the consuming public thereby giving the business more customers.
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The business assures that once tasted, the public will never regret buying our
products rather they will return to continuously patronize the said products.
And to better promote the business, intensive marketing effort and promotions
will be done so as to bring the market awareness of the existence of the entity.
To make the business profitable, the management is committed on enhancing
the sales of the business by providing the best products and customer satisfaction
through the fast delivery of products and service rendering. The manager is
confident that the business shall attain the expected revenue on its actual
operations.
This food cart business primary customers will be those shoppers of the Mall
of the Valley. The owner also anticipates that many patrons will make the Bean-
Tastic Box their primary destination due to name recognition and product
quality. There is no other competition within the Mall of the Valley that offers
such shake and cookies.
The proponent, Pia E. Matote, will be managing this food cart business. And
an additional three staff will be hired to work with her. These three personne will
be assigned to handle individually the kitchen, the supplies, and the services.
However, all of them will be trained doing all the three areas of specialization to
have a well-rounded set of employees.
Project costs are projected to be PhP,220,000.00 which includes the cart,
kitchen utilities inventory, raw materials inventory, packaging inventory, pre-
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operating expenses, rental for two months and start-up funding. The proponent
has sufficient savings to finance the capitalization required of this business plan.
The sales projection of the business is based on the projected number of
customers per day, BEAN-TASTIC BOX, assumes an average of 95 daily
customers or 2,850 customers on a monthly basis, or 34,200 customers annually,
which actually results for P5,325.00 daily sales or P159,750.00 monthly sales, and
P1,917,000 on a yearly basis. The projection made is the average customer and
gross income per day of the business. It is expected that after less than a year of
operation, the capital of the business will be paid back.
The proponent believes that for the business to be successful, it must ensure
that the customer continues to return to purchase the product, again and again.
One way to ensure repeat business is to provide consistency in both the product
and service. The Bean-Tastic Box products speak for itself; the service our staff
provides will be a function of training, evaluation, and retraining in order to
deliver it courteously and in a timely manner.
In order to earn a reasonable return on the investment, strict cost-control
measures will be implemented. These measures will include, among others,
proper and prudent purchasing practices, maximization of product distribution
through strict adherence to weights, amounts and recipes (portion control),
effective utilization of personnel, and the constant search for ways to reduce the
cost of sales of our products without sacrificing quality and service.
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This business plan is created not to remain as a concept rather it is subject to
realization, and is assumed to meet success with proper management; hence this
will not only provide benefits to the business owner herself but also the whole
community for proving healthy and delicious products and to the individuals who
desire to land a decent job.
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Company Objectives
1. To deliver a quality and affordable product in a consistent, courteous and timelymanner in order to have the customer return again for another satisfying,
flavorsome treat, while at the same time earning a reasonable return on the initial
investment.
2. Capture a market niche, be known region wide and in three years of operation,expansion of the business will take place.
3. To continuously conceptualize, realize and innovate new products out of its rawmaterial, munggo, and also the use of variety of beans.
Mission
The Bean-Tastic Box is established to provide the market with healthy snack
products at a lower price and provide superior customer satisfaction with fast delivery of
service.
Vision
To be the regional advocate in providing nutritious products through creative
thinking and innovation.
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Core Values
Integrity
With adherence to the standards of fairness, and equality, we relate with
the people running the business and our valued customers honesty and candor,
and continuously maintain work ethics, and being responsible with our own works
Respect
Consideration and courtesy will be a part of our treatment to the people
involved in the business especially with our most valued clients; we continue to
be of respect with our competitors.
Excellence
We employ the best people, the best materials, and the best process to
extend our clients utmost satisfaction with our products.
Open communication
We would freely appreciate the sides, comments, and feedbacks of our
valued clients for us to further enhance our products and services.
Innovation
We are committed in obtaining new knowledge and apply new skills and
techniques to further develop our existing products and the entity itself.
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I. Company DescriptionBusiness Type
The Bean-Tastic Box will be a sole proprietorship by form and will be
owned and managed by Pia E. Matote, the proponent.
Location
The Bean-Tastic Box will be located at the Mall of the Valley,
Tuguegarao City. It will rent a space in that area. The location of the business
is strategically chosen for it is seen viable to potential customers or market.
Concept
Mung Beans or munggo is undeniably a Filipino favorite food because
of its taste, affordability, and health benefits. With this general fact, the proponent
of The Bean-TasticBox have come up with a unique and brilliant idea to
establish a food cart business selling shakes and cookies, with Mung Beans as its
main ingredient.
Focusing on providing customer satisfaction, the production of its
products will be done fast and efficient, hence, munggo cookies will be served
freshly baked from the oven. Meanwhile, in the preparation of the shake,
ingredients be measured using a specific standard to provide consistency in taste.
The shake and cookies will be served in a box, this is strategically planned to
bring convenience to customers with regard to the handling of their snacks. In
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instances where customers would wish to purchase either cookies or shake only,
the products will still be served separately.
Thus, we offer flexible services as our products can be purchased
according to our customers preference.
Products
Mung-Kies made from the finest ingredients for baking, complimented with
the special ingredient (mung beans) freshly baked and served.
Go-Shake - smoothies or shake with the distinct flavor of Mung Beans
The products main ingredients were Mung Beans (Munggo), the product
concept were based on the current preference of snacks in the market.
Nutritional Benefits of Mung Beans
a. The Mung Bean is a good source of calcium and iron.b. Mung Bean is a fair source of Vitamin A and a good source of Vitamin Bc. The seeds are much used as medicine in India, both internally and
externally, especially in paralysis, rheumatism, and problems in the
nervous system.
d. They are also used in fevers, are considered hot and tonic, useful in bileand afflictions of the liver, and are helpful in coughs.
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e. The seeds are prescribed in anorexia a prolonged disorder of eatingdue to loss of appetite.
These are just some of the benefits which, the main ingredient of our
products, Mung Beans, may offer our customers. This is just one way of
showing that the business is not only driven to satisfy its clients with delicious
products but also it desires to provide healthful snacks to its consumers.
II. Management and PersonnelOwner, Operator, and Manager
Pia Enriquez Matote, the proponent, is an employee at the Department
of Labor and Employment Region 02. After long years of service at the said
government agency, she decided to put up her own business and manage it.
She wishes to realize her dream of becoming an owner of a business, to
actually put into practice her obtained degree, and further enhance her
management skills.
The operator of the business is a neophyte in the industry, however,
with strong will, determination and good concept that could be realized. The
owner is persistent in pushing through with it and is confident that the
business will meet success.
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Being the owner, operator and the manager of the business, she will be
devoting her time in managing the said business and take it seriously. She is
dedicated to serve the market with only the best and new products that will
surely cater for the changing needs of the market for a healthy snack.
Being the owner of the business she will be taking the initiative to
intensively market the business. Marketing strategies and product innovation
were expected to come out from her being the brain of the said business.
Staffing
Before the operation of the business the owner shall look for the most
qualified people to work for the business operations. The owner shall be
posting or air on the radio on the job the business shall offer.
Pre-defined standards were identified for this will be the basis for the
selection of the most qualified for the personnel to work for the business.
The business shall need three staffs namely:
Kitchen Staff
Supplies Staff
Services Staff
However, the three staffs of the business must be flexible. They are
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encouraged to learn the things their co-workers do. Yet each of them shall also
focus with their designated task. The purpose of designating them into
different areas is for them to particularly have their own specialized area.
Training
Training will also be done before operating the business especially in
the food preparation to ensure that on the actual preparation of the products
the staffs will have zero error.
Kitchen Staff
Must have obtained also a degree in Hospitality and Industry
Management, and mastered the craft of food preparation and commercial
cooking, he is also inclined in baking and pastries.
The Kitchen Staff will be responsible for the following:
1. In-charge with the preparation of the products;2. Assure that standards are met in the preparation of the products. (e.g.
measurement as to the quantity of the ingredients in the preparation of
the products and in serving it);
3. Assure that the products being served are well baked;
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4. Help the business in bringing out new products through innovation andcreative thinking.
Supplies and Services Staffs
And to successfully carry out the business objective, the supplies and
service-rendering will be very essential. Supplies and services staff has to
assure that the best raw goods will be use so that the business will come up
with the best products only, and there should be excellence in rendering
services.
The supplies and services staff will be responsible for the following:
1. Maintain cleanliness and sanitation in food preparation.2. Assistance of customers and inform them with the promos the business
has.
Personnel Plan
Year 1 Year 2 Year 3
Kitchen Staff 103,870.00 114,257.00 125,682.70
Services Staff 103,870.00 114,257.00 125,682.70
Supply Staff 103,870.00 114,257.00 125,682.70
Manager 144,000.00 158,400.00 174,240.00
Total Payroll 455,610.00 501,171.00 551,288.10
*** Note that the projections made for the salaries of the staffs has an increase
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of 10% on the total annual salary of staffs on the succeeded year respectively.
Confidentiality Agreement
The Bean-Tastic Box will enforce that all its staffs of employees will sign a
confidentiality agreement. The Confidentiality Agreement will be purposely
made to protect the recipes, operating system, policies and procedures of the
business. This confidentiality agreement is essential to protect the business trade
secrets.
III. Market AnalysisPositive Sales Increase Expectation / Consumers Trends
Based on certain observations, food cart business is fast rising in
Tuguegarao City, indeed, people of this area are naturally food lover. And
coupled with the high employment rate in the area which is 90.55%, based on
research, and with the DOLE implementation of the increase in minimum
wage, this has become a positive indicator on the economic status of the
market, and will hopefully increase in consumers disposable income, thus
resulting into a growth for the industry which the business belongs.
Aside from this, observing the people in its target market, food
industry is well patronized. Many food cart businesses continue to be
established in the market, and it is also observed that the people nowadays
become more health conscious, making the demand for healthy food offerings.
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Target Market
Tuguegarao City, being the commercial center, Education Center and
Industry Center in the Region, many people then do reside, are domiciles or
visitors in this particular area. Hence, potential market is expected and
assumed. With this, assumptions, the business have strategically planned for
an appealing to eye and taste concept that will suit into the specific market it
targets to cater. It is expected that most of its customers will be students who
hangs out at malls, teenagers, peers, family, and employees, in short, the
general public.
The products are made to meet with the demands of the market for. A
different way of snack and of moderate pricing scheme, there is an assurance
that the business target market will become the business market niche.
Surviving the Challenges
Aside from competition in the market, there are still other factors
which serve as a challenge or threat to the business. Aside from concerns on
having a new name in the industry, it is an inevitable challenge for every
business/entity the costing of their raw goods/materials essential in making
their products. This is due to the uncontrolled rise in the prices/costs of the
supplies, and also the threat on the policies being regulated in the market area
which is promulgated by the local government. These are some only of the
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many challenges the business has to face. Despite all this, the proponents of
the business is confident that they will still meet success by being friendly to
its suppliers, and being a law abiding entity.
Competition
The location of the business is a area wherein food cart businesses are
located in. Majority of them have strong brand names. The established food
carts in the area ire considered to be our direct competitors. However, among
the food carts established and operates in the area, the Bean-Tastic Box is
the one who is unique for it is a snack pack in box.
Marketing Strategy
The Bean-Tastic Box will be using different promotional activities
to promote the products, hence, some forms of advertising and promotional
efforts such as radio advertisements, the use of flyers and steamers will be
used.
On the first day of the operation of the business, it shall give the first
ten customers with freebies. And with the concept word of Mouth or viral
marketing, the entity is assuring great-tasting products so that the customers
will surely share their Bean-Tastic Box experience, through this the entity
shall have the best form of promoting the business.
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An additional marketing strategy of the Bean-Tasctic Box will be
sales generated from carts bearing its logo and colors off site from the
Mall of the Valley. There are many fairs, festivals and parties within the
province where the owner may join and significant additional sales may be
generated. Most importantly, these outside sales will give the business
name recognition which will help make it a primary destination for an
expanded segment of the market.
Additional methods of enhancing the business name recognition will
be local newspaper advertising with coupons, special promotions and
discounts to employees of Bean-Tastic Box, companion promotions and
discounts with other merchants in the mall, and offers to local schools for
discounts to students with good grades.
Online Marketing
The business will be introduced and promoted to the market through
on-line by advertising it in popular websites like Facebook, Twitter,
Multiply. Through this the public may also be aware of the existent
business. Pictures of the products shall also be uploaded in the sites so that
the viewers may also take a look on what products do Bean-Tastic Box
offers.
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Frequency Card
The Bean-Tastic Box being a customer oriented business will create
a scheme which aims to reward its customers for its continual support to
the business. First time customers will be given a card, each time they
make a purchase, a point for every pack of Bean-Tastic snack will be
accumulated and after having accumulated the target points, the customer
will pick a reward of her choice . However this program will be
continually monitored and reviewed to assure that it will be cost effective
on the side of the business.
Building Relationship
The Bean-Tastic Box is aims to have good image with the
public, so it has to build good relationship to the market and also with its
suppliers. This will certainly help the business in its future venture ones
having acquired the trust of the people by having positive public relations.
COMPETITIVE EDGE
Location
The Bean-Tastic Box will be located at the mall of the Valley
where plaza-goers usually hang out. The accessibility of the place will
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definitely be an advantage for the business for there will be a lot of
potential customers.
Uniqueness
The Bean-Tastic Box is the only entity that will offer peculiar
products made of Mung Beans. This will certainly bring curiosity to the
public which then creates surge to the people of trying the products Bean-
Tastic Box is offering.
IV. Operations and Production FeasibilityOperations
The management team of the business is motivated to maintain a sound
operational system and procedures of the business in their day to day
operations. Although the management is new with the business, with the
expertise and advices of its acquaintances and continual researches will
contribute much to the smooth flow of the business operations.
Daily Operation
The Bean-Tastic Box will be opened seven days a week but in two
regular shifts only, on week days it will be open from 9:00 AM to 6:00 PM,
then on weekends it shall operate by 10:00 AM to 7:00 PM, the time was
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strategically chosen because of the observed volume of number of people
going near the business location.
Table 01
Operations Schedule
Days Time
Monday 9:00 AM6:00 PM
Tuesday 9:00 AM6:00 PM
Wednesday 9:00 AM6:00 PM
Thursday 9:00 AM6:00 PM
Friday 9:00 AM6:00 PM
Saturday 10:00 AM7:00 PM
Sunday 10:00 AM7:00 PM
The Bean-Tastic Box shall be open from Monday to Friday at 9:00 am
to 6:00 pm and on Saturday and Sunday from 10:00am to 7:00pm. However, changes in
the schedule may occur depending on inevitable circumstances and events.
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Product Preparation
The kitchen and services staff will be responsible for receiving clients
orders. Customers will be asked if what they will like to be served for them, when
the customer gave already its preferred order, it will be prepared and serve 3-5
minutes upon order. The five minutes time frame is allotted for the preparation on
serving the product. To ensure consistency in the taste of the products being
served, standardized recipe is being used; the recipe was created by the partners.
The management is dedicated to improve its process for faster service, hence,
greater use of technology will be observed on the succeeding months of operation.
Supply Inventory and Control
The supplies staff will be responsible for ensuring sufficient inventory of
supplies and goods to meet the demands for production. Grocery and packaging
supplies will be ordered according to the pre-determined needs.
A checklist will be used for more accurate inventory records; this will help
ensuring that supplies will be available readily for production.
Suppliers
The business will establish relationship with qualified suppliers that can
provide reasonably priced products, delivered according to schedule that benefits
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the business. Alternate suppliers will also be identified for use if regular suppliers
cannot provide or deliver the goods needed.
Order Guide
The business will use an item specific order guide to track order history
and maintain designated levels of product inventory.
Safety
The business will also conduct safety reviews and assessments to ensure
that the employees and clients are not expose to dangerous, harmful conditions or
actions. In such, the procedures of the business shall be monitored to assure the
safety of the clients and staffs.
Services Review
Periodic assessments will also be done to review the quality of services the
business has, and how its staffs treat their clients. Public relations and treatment
will be scrutinized from time to time.
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Schedule, Time and Attendance System
The staff will be multi-tasked for each of the staff will be given four days
off to work. The free of work days depend on their discretion or choice. There is a
strict time and attendance system. Late, under time, overtime, and absences will
be strictly monitored for the purpose of giving just compensation. This is one
thing to show to its employees that the business should be taken seriously.
Administrative Systems
Daily Cash Control
Sales will be recorded and will be compared to actual cash on a daily
basis. Acceptable over or short will be limited only to PhP200.00. Discrepancies
greater than PhP200.00 will prompt the manager to conduct immediate audit to
account for the difference.
Payroll Processing
Payroll will be given every 15th
and 30th
day of the month. The owner will
run report from time to time and check the attendance, so, she can make necessary
adjustments for the payroll to give just compensation.
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Investments
The funding for the venture will be provided by the owner of the business.
No bank loans and credit to be made. The capital will come from the owners
savings obtained in her employment.
The total capital required to start the business isPhP 220,000.00.
Growth Plan and Exit strategy
In the 3rd
year of the operation of the business, it will be ready for its
expansion. The business will be expanding and will be venturing into delivery
services. The business will be looking for bigger and better location; it will brace
innovation into its products and serves making it into a small cafeteria, and soon
will offer franchise on the food cart business.
The food cart business, The Bean-Tastic Box will also venture into being a
movable bar, this purposively done to meet for the catering demands of the
business.
Product Innovation
And through thinking out of the box, the management team will bring out
new food concepts that will not only focus on munggo or mung bean as its main
ingredient, hence, the owner will also bring out new products out from different
variety of beans.
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The business will coming up also with new sets of products soon as the
business will have an established name already. The product concepts are already
set for the innovation the business is motivated to bring out.
Some of the innovations to be made will be:
Mung Juice
Mung Halaya
Mung Pizza
Mung Burger
Kape Bean
The above-mentioned products are planned to be offered after the Bean-
Tastic Box has already gained a stable market and patrons. This is one of the
strategies of the business, to offer new products one by one and observe how the
market accept the new product it offers.
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The Bean-Tastic Box
Food Cart Layout
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Diagram 1
Front View of the Cart
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Diagram 2
Side View of the Cart
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The Bean Tastic Box Package Layout
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Diagram 3
Packaging Lay-outThe Bean-Tastic Box
The packaging to be used by the Bean-Tastic Box is box-like carton with a
built-in round hole on top for the Go-Shake and a square pan top with foil for theMung-Kies.
Shake
Cookies container
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V. Financial FeasibilityThe project has a total estimate cost of P250,000.00. The owner will
provide all the capital needed for the proposed business without sourcing of
funds from other financial institutions.
Following are the Projected Financial Statements of the business for the
first three years.
Start Up Summary or Capitalization
The start-up cost of The Bean-Tastic Box will primarily consist of
the pre-operating expense, the food cart, the inventory of goods, the
processing of the papers, start-up funding. The manager and owner of the
business shall invest PhP250,000.00.
Summary of Investment:
Start-up Requirement PhP221,046.40
Start-Up Fund PhP28,954.40
Total Fund Required PhP250,000.00
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Start-Up Requirements
ParticularEstimatedBudgetary
Requirement
Total
Food Cart(customized)
Php30,000.00 Php30,000.00
Kitchen utilities Inventory
Blender (2 units at
PhP2,000.00 each)
Oven (2 units at P4,500.00
each)
Containers
PhP4,000.00
PhP9,000.00
PhP3,000.00 PhP16,000.00
Raw Ingredients Inventory
(for two months operations)
Cookies
Shake
PhP61,228.20
PhP72,17.40 PhP133,545.60
Packaging Inventory
(2 months operation) PhP19,500.00 PhP19,500.00
Pre-operating Expenses
Advertising
Legal
Insurance
PhP6,000.00
PhP3,000.00
PhP1,000.00 Php10,000.00
Rental(for two months) PhP12,000.00 PhP12,000.00
TOTAL PhP221,045.60
To start the business, an initial capital of PhP250,000.00 is needed and
The break-down of said amount is reflected above. The difference ofPhP28,954.40 shall constitute the start-up fund.
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i. Projected Income StatementThe Bean-Tastic Box
Projected Income Statement
2013 2014 2015
Total Revenue *** 1,917,000.00 2,300,400.00 2,990,520.00
Expenses
Raw Goods (1) 801,273.60 841,337.28 900,230.89
Packaging (2) 117,000.00 122,850.00 135,135.00
Pre-Operating Expense (3) 10,000.00
Salaries Expenses (4) 455,610.00 501,171.00 551,288.10
Miscellaneous Expense (5) 30,000.00 30,000.00 30,000.00
Marketing Implements (6) 12,000.00 12,000.00 10,000.00
Rent Expense (7) 72,000.00 72,000.00 72,000.00
Depreciation Expense (8) 0.00 10,250.00 10,250.00
Total Expense 1,497,883.60 1,589,608.28 1,708,903.99
Operating Income 419,116.40 710,791.72 1,281,616.0104
Tax 30% 125,734.92 213,237.52 384,484.80
Net Income 293,381.48 497,554.20 897,131.21
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Notes to Income Statement
***SALES PROJECTION (DAILY OPERATIONS)
CATEGORY
SHAKE COOKIES
SHAKE AND
COOKIES
SIZES Qnty PriceQnty
*
Price
Qnty PriceQnty
*
Price
Qnty PriceQnty
*
Price
Total of
Daily
Sales
SMALL 10 35 350 10 15 150 25 45 1125
MED. 10 40 400 10 20 200 20 55 1100
LARGE 10 45 450 10 25 250 20 65 1300
Total 1,200. 600. 3,525. 5,325.
*** The monthly projected sales for the operation of the Bean-Tastic Box isPhP159,750.00
*** The projected annual sales for the of operation of the Bean-Tastic Box is
PhP1,917,000.00 derived by multiplying the daily sales by thirty days then by twelve
months.(The above projections was made and based on a 30 day per month period)
NOTE:1. To get the monthly sales projection of the Bean-Tastic Box, multiply the weekly total
projected sales by the number of weeks per month.
2. To get the annual sales projection of the Bean-Tastic Box, multiply the monthly totalprojected sales by the number of months of ayear.
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1. Expenses for the Raw GoodsFor the Production of Cookies (80 PCS)
Ingredients
Quantity
Needed
Market
Price(Php)
Cost for
Production(Php)
Sugar 1/2 cup 48 per kilo 12.00
Brown Sugar 1/2 cup 38.4 per kilo 9.60
Mung Beans 1/2 cup 10 per cup 10.00
Egg 2 4 per piece 8.00
Flour 2 1/2 cup 49 per kilo 36.75
Baking Soda 3/4 tsp 6 per pack 2.00
Baking
Powder 1/2 tsp 8.95 per pack 2.00
Salt 1/4 tsp 8 per pack 0.50
butter 1 28/pack 28.00
Total 108.85
For the Production of Shake (1 liter)
IngredientsQuantityNeeded
Market Price(Php)
Cost forProduction(Php)
Crushed Ice * 300 per block 3.00
Mung
Beans 1/3 cup 10 per cup 3.33
Sugar Syrup 1/5 of a Pack 62.5 per pack 12.00
Sago(Pulpy) 1/3 cup 10.5 per cup 3.17
Milk 1/2 can 23 per can 11.50
TOTAL 33.00
Go-ShakeA. A liter of munggo shake makes up for 3 cups of shake sold for P30, or 3 cups of shake inthe packed snack small size.
B. Two liters of munggo shake makes up for 5 cups of the shake sold for P35, or 5 cups ofshake in the packed snack medium size.
C. Three liters of munggo shake makes up for 7 cups of the shake sold for P45, or 7 cups ofshake in the packed snack large size.
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From the above computation on costing for the production of Go-Shake it is assumedthat:
1. The daily cost on the production of Go-Shake will be PhP1,205.29.2. The production of Shake on small sizes will cost PhP385.00.3. The production of Shake on medium sizes will cost PhP396.004. The production of Shake on large sizes will cost PhP424.295. The monthly cost of production of shake is PhP36,158.70.6. The annual cost of production of shake is PhP433,904.40.
Mung-KiesForm the above computation on costing for the production of MungKies it is assumedthat:
1. The daily cost on the production of MungKies will be PhP1,020.47. Since the assumednumber of cookies to be served per day is 750 pieces.
Where:
To produce 80 pieces of cookies will cost PhP108.85.
No. of Cookies/80*108.85 = Total cost of production of cookies daily.
2. The monthly cost on the production of cookies will be PhP30,614.10.3. The Annual cost on the production of cookies will be PhP367,369.20.2. Packaging Expenses
Bean-Tastic Box Packaging Cost for the Daily Operations
NUMBERNEEDED
PRICE
PERPIECE TOTAL COST
BEAN-TASTIC BOX 65 1.50 97.50
BEAN-TASTIC STRAW 95 0.50 47.50
BEAN-TASTIC PAPER
BAG 30 0.25 7.50
BEAN-TASTIC CUP*SMALL 35 1.50 52.50
*MEDIUM 30 1.75 52.50
*LARGE 30 2.25 67.50
TOTAL 325.00
Note:1. The cost of packaging for a month of operation of the business isPhP9,750.00
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2. The cost of packaging for a year of operation of the business is PhP117,00.00
3. Pre-Operating Expenses
Pre-Operating Expense
Registration / Legal 3,000.00
Advertising Expense before Operation
Radio 3,000.00
Flyers 1,500.00
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4. Salaries Expenses
Streamers 1,500.00 6,000.00
Insurance 1,000.00
TOTAL 10,000.00
Projection on Salaries Expense on the Daily Operations of the
Bean-Tastic Box
Staff NO.Rate /Hour
No.
ofHours Total
MealAllowance
Daily
Rate
Kitchen Staff 1 34.375 8 275.00 35.00 310.00
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(The above projections was made and based on a 30 day per month period)
Where:
(Daily Rate) X (No. of Days of Duty) = Monthly Salary
310 x 26 = 8,060.00 for the staff
450 x 26 = 11,700.00 for the manager
Personnel Plan
Year 1 Year 2 Year 3
Kitchen Staff 103,870.00* 114,257.00 125,682.70
Services Staff 103,870.00* 114,257.00 125,682.70
Supply Staff 103,870.00* 114,257.00 125,682.70
Manager 144,000.00 158,400.00 174,240.00
Total Payroll 455,610.00 501,171.00 551,288.10Note:*Bonuses will be given to each staff also. Each staff shall receive PhP 7,150.00 which
serve as its 13th month pay on the end of the year.
5. Miscellaneous Expenses
ServicesStaff 1 34.375 8 275.00 35.00 310.00
SuppliesStaff 1 34.375 8 275.00 35.00 310.00
Management 1 50.00 8 400.00 50.00 450.00
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Miscellaneous Expense
Monthly Payment No. of Months Annual Expense
Water Bill 500 12 6,000
Electric Bill 2,500 12 24,000
Total 3,000 12 30,000
6. Marketing ExpensesMarketing / Advertising Expense
(During the Business Operation)
Promotional Activities 11,000.00
Radio Ads. 1,000.00
Total 12,000
(The expenses incurred under the promotional activities include the freebies given to
customers and surprise gifts. It is observed that the radio advertisement expense was
minimal. The business needs not much of advertisement on air since it has been
intensively promoted and advertised on the initial operating months of the business.)
7. Rent Expenses
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Rent Expense
Monthly No. Of Months Annual
Rental Fee 6,000 12 72,000.00
8. Depreciation ExpensesParticular Unit Price
EstimatedUseful Life
AnnualDepreciation
Food Cart 1 30,000.00 5 6,000.00
Blender 2 4,000.00 4 1,000.00
Oven 2 9,000.00 4 2,250.00
Containers 3,000.00 3 1,000.00
Total10,250.00
ii. Projected Balance Sheet
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Bean-Tastic Box
Projected Balance Sheet
2013 2014 2015
Beginning Ending
Current Assets
Cash 38,954.40 458,070.80 1,179,112.52 2,470,978.53
Supplies
for shake 72,317.40 72,317.40 75,933.27 81,248.60
for cookies 61,228.20 61,228.20 64,289.61 68,789.88
packaging 19,500.00 19,500.00 20,475.00 22,522.50
Prepaid Rent 12,000.00 12,000.00
Total 204,000.00 623,116.40 1,339,810.40 2,643,539.51
Non-Current Assets
Food Cart 30,000.00 24,000.00 18,000.00 12,000.00
Equipments
Oven 9,000.00 6,750.00 4,500.00 2,250.00
Blender 4,000.00 3,000.00 2,000.00 1,000.00
Containers and Others 3,000.00 2,000.00 1,000.00 0.00
Total 46,000.00 35,750.00 25,500.00 15,250.00
Total Assets 250,000.00 658,866.40 1,365,310.40 2,658,789.51
Liabilities and Capital
Utilities Payable 8,500.00 10,000.00 12,000.00
SSS 3,996.00 4,395.60 5,054.94
PHIC Contribution 5,400.00 10,800.00 10,800.00
Total 17,896.00 25,195.60 27,854.94
Capital
Matote, Pia 250,000.00 640,970.40 1,340,114.80 2,630,934.57
Total Capital and
Liabilities 250,000.00 658,866.40 1,365,310.40 2,658,789.51
iii. Cash Flow
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Statement of Cash Flow for year Ended 2013
Cash Receipts from Sales 1,917,000.00
Cash Disbursement:
Supplies
Raw Goods 801,273.60
Packaging 117,000.00
Pre-Operating Expenses 10,000.00
Salaries Expenses 455,610.00
Miscellaneous Expense 30,000.00
Marketing Implements 12,000.00
Rent Expense 72,000.00 1,497,883.60
Cash, Ending Balance 419,116.40
Statement of Cash Flow for year Ended 2014
Cash Receipts from Sales 2,300,400.00
Cash Disbursement:
Supplies
Raw Goods 841,337.28
Packaging 122,850.00
Pre-Operating Expenses
Salaries Expenses 501,171.00
Miscellaneous Expense 30,000.00
Marketing Implements 12,000.00
Rent Expense 72,000.00 1,579,358.28
Cash, Ending Balance 721,041.72
Statement of Cash Flow for year Ended 2015
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Cash Receipts from Sales 2,990,520.00
Cash Disbursement:
Supplies
Raw Goods 900,230.89
Packaging 135,135.00
Pre-Operating Expenses
Salaries Expenses 551,288.10
Miscellaneous Expense 30,000.00
Marketing Implements 10,000.00
Rent Expense 72,000.00 1,698,653.99
Cash, Ending Balance 1,291,866.01
iv. Liquidity Ratio2013 2014 2015
Current Ratio =Current Assets 623,116.40 623,116.40 2,643,539.51
Current Liabilities 35,750.00 25,500.00 15,250.00
17.43 24.44 173.35
Current ratio provides the best single indicator of the extent to which the claimsof short term creditors are covered by assets that are expected to be converted to cash
fairly, quickly. The current ratio of the business is increasing over the years, which onlyshows that the business is capable of paying its currently maturing debts.
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2013 2014 2015
Profit Margin onSale =
Net
Income 293,381.48 497,554.20 897,131.21
Sales 1,917,000.00 2,300,400.00
2,990,520.0
0
0.15 0.22 0.30
The profit margin is increasing throughout the years which is an
indication that the cost in providing the products is being reduced while
sales are continuously increasing.
VI. Socio-Economic FeasibilityThe Bean-Tastic Box was conceptualized to give the proponent the
chance to realize her dream of managing her own business. This business will
surely boost her morale to become a more productive citizen in her
community. This business ensures the owner a better future for her family
considering the additional income it will generate.
Aside from the owner, her staff too will also reap the benefits that this
business may provide. They will be given wages which is in accordance with
the law. Along with the monetary benefits is the experience which they can
acquire during their stint with the business. Such training and experiences
with the Bean-Tastic Box will give them an edge whenever they wish for a
more luxurious job
With respect to the community, this food cart business will pave way for a
new taste in the food cart industry. This shake and cookies made of mung
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bean is one of its kind. And the community, by patronizing the business, will
benefit from it by consuming snacks which are cheaper than its competitors
but more nutritious than the other shakes and cookies available in the market.
It likewise reduces the risk of having various diseases caused by artificial
flavorings in shakes and cookies.
Furthermore, the main ingredient is munggo beans. This kind of bean is
widely produced here in region 02. The Bean-Tastic Box will help farmers
in the region by providing them an additional market for their produce, the
mungo bean. And once the business booms, the demand for the legume will
increase, thereby, increasing their opportunity of supplying more beans,
consequently increasing their income
Lastly, it would increase government resources through taxes and licenses
the proposed business will pay.
VII. ConclusionThe Bean-Tastic Box is an innovation in food cart business. Rarely can
people see a food cart selling a thirst quenching product complimented with
cookies made of beans. Our concept of putting up a food cart business of
Mung shake and cookies is a unique one. And it s being exceptionally
different from all others in the food cart business is an advantage. It puts the
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business in the spotlight and people aroused by their curiosity, will be drawn
to buy and taste the product. Once tasted, they will experience eating and
drinking something delicious and nutritious, and much more a very affordable
snack.
This food cart business is a promising venture considering that the
location is in the commercial center of the region and such location is always
full of shoppers and market goers, who in one way or the other, will be our
prospective customers.
The Bean-Tastic Box offers products which are satisfying to customers
needs in terms of their financial and nutritional needs. And for its
realization, a minimal amount of TWO HUNDRED FIFTY THOUSAND
PESOS is needed. And based on the projected financial statements, it depicts
that it is a profitable undertaking.
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CURRICULUM VITAE
SOFIA ENRIQUEZ MATOTE
27 Maggay St. Ext., Sharon Village, Ugac Sur
Tuguegarao City, Cagayan
DATE OF BIRTH: September 30, 1978
PLACE OF BIRTH: Tuguegarao, Cagayan
MARITAL STATUS: Married
EDUCATION:
Name of School Degree From To
Cagayan State
UniversityCaritanCampus
Bachelor of Law June 2012 Present
FL Vargas CollegeBaggay Campus
Master in Public andBusiness Administration
Major in Business
Administration
June 2011 present
University of Cagayan
Valley
Bachelor of Science in
Accountancy
June 1998 March
2001
St. Paul University Bachelor of Science in
Accountancy
June 1996
September
1997
PROFESSIONAL EXPERIENCE:
Company Position From To
Department of Labor and
Employment Regional Office
No. 02
Labor and
Employment
Officer III
February
2004
present
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PERSONAL SKILLS AND COMPETENCIES:
Languages: English, Filipino
Skills: Computer Operation SystemWindows XP, Vista,
Microsoft Office, Google
Interests: reading, traveling, cooking, surfing the net
Future Plan: work as lawyer