Be Antastic

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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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



Cash Disbursement:

Supplies



Pre-Operating Expenses




Rent Expense 72,000.00 1,579,358.28

Cash, Ending Balance 721,041.72



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Cash Disbursement:

Supplies



Pre-Operating Expenses




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


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

Be Antastic

Documents

Transcript of Be Antastic