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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 shop’s 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

1

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 1980’s. 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 franchise’s 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 1990’s. 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.

2

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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

a

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

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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.

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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 there’s 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.

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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

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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.

9

Position Time Devoted Qualification Compensation

Positio n

No.

Daily Salary

Monthly Honorariu m

Annual

Manager

1

715

20,000

240,00 0

Cashier

1

660

18,500

222,00 0

Barista

1

570

16,000

192,00 0

Total

3

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

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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

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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 café 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 buyer’s business model and the ways in which their offering will impact the buyers the total cost-in-use and the buyer’s 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.

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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 there’s 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

2

₱15,000.00

Digital Kitchen Timer

1

₱400.00

Stainless Ladle

2

₱50.00

Milk Tea Barrel Stainless Steel Liner

1

₱2,500.00

Cup Sealer

1

₱10,000.00

Wall Mounted Split Type Aircon

2

₱25,000.00

Fire Extinguisher

2

₱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

1

₱200.00

Broom & dust pan

1 set

₱100.00

Squeegee

2

₱120.00

Cleaning solutions

5 bottles

₱1,000.00

TOTAL

₱1,420.00 Table 8- Cleaning Supplies

OFFICE SUPPLIES

QUANTITY

AMOUNT

Electronic printing calculator

1

₱2,280.00

Wi-Fi router

1

₱1,480.00

Audio system

1

₱7,500.00

TOTAL

₱11,260.00 Table 9- Office Supplies

MILK TEA SUPPLIES

QUANTITY

PRICE

Jigger

5

₱500.00

Bar spoons

5

₱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

3

9,000.00

Wooden chairs

6

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.

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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

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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 OWNER’S EQUITY Current Liabilities SSS Payable PAGIBIG Payable Withholding Tax Payable PHILHEALTH Payable TOTAL LIABILITIES OWNER’S EQUITY Bubble Bee, Capital Add: Net Income After Tax TOTAL OWNER’S EQUITY TOTAL LIABILITIES AND PARTNER’S 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