BREAKDOWN OF INITIAL CAPITAL FOR A TRAINING CENTER

1RENTAL / DEPOSITS 240,000.00 2LEASEHOLD IMPROVEMENT 200,000.00 3EQUIPMENTS / FACILITIES 210,000.00 4SIGNAGE / MARKETING 50,000.00 5ADMINISTRATION / PERMITS 50,000.00 6WORKING CAPITAL ( 3 MONTHS ) 250,000.00

TOTAL 1,000,000.00

BREAKDOWN OF INITIAL CAPITAL FOR A DORMITORY( FIRST 3 MONTHS FOR 50 STUDENTS)

1RENTAL / DEPOSITS 300,000.00 2FURNITURE / KITCHEN EQUIPMENTS 200,000.00 3TRANSPORTATION EXPENSES 250,000.00 4FOOD 450,000.00 5ELECTRIC/ WATER /INTERNET BILLS 100,000.00

TOTAL 1,300,000.00

NAME: _____________________________EDUCATION CENTERIt should be a non-stock corporation with a minimum of 5 incorporators / board of directors

PROGRAMS / SERVICES OFFERED: CLIENTS

TRAINING1 ENGLISH AS A SECOND LANGUAGE ( Chinese and other foreigners )2 MANDARIN ( Filipino, Local Chinese, and other foreigners like Koreans )

OTHER SERVICES

3 BOARD & LODGING4 VISA PROCESSING5 TRANSPORTATION6 TOUR PACKAGES

7 RESEARCH SERVICES****** CONSULTATION******ADVISING******CONDUCTING RESEARCH

It should be a non-stock corporation with a minimum of 5 incorporators / board of directors

( Filipino, Local Chinese, and other foreigners like Koreans )

3 - YEAR PROJECTED REVENUES & EXPENSE SUMMARY NOTE: THIS IS ONLY FOR THE FIRST PROGRAM ( ENGLISH TRAINING FOR CHINESE )

YEAR 1 YEAR 2 YEAR 3NUMBER OF STUDENTS 500 1000 1500

REVENUES % TO REVENUE 4,987,500.00 9,975,000.00 14,962,500.00

DIRECT EXPENSES 15% 748,125.00 1,496,250.00 2,244,375.00 Instructor's Salaries & Wages 8% 399,000.00 798,000.00 1,197,000.00 Instructor's Benefits 1% 49,875.00 99,750.00 149,625.00 Advertising & Promotions 4% 199,500.00 399,000.00 598,500.00 Other Direct Expenses 2% 99,750.00 199,500.00 299,250.00

GROSS MARGIN 85% 4,239,375.00 8,478,750.00 12,718,125.00

OPERATING EXPENSES 48% 2,344,125.00 4,688,250.00 7,032,375.00 Salaries & Wages 14% 698,250.00 1,396,500.00 2,094,750.00 Employees Welfare & Benefits 1% 49,875.00 99,750.00 149,625.00 Rent Expense 10% 498,750.00 997,500.00 1,496,250.00 Light & Water 4% 199,500.00 399,000.00 598,500.00 Stationery & Office Supplies 2% 99,750.00 199,500.00 299,250.00 Postage, Telephone & Telegram 2% 99,750.00 199,500.00 299,250.00 Transportation & Travel 2% 99,750.00 199,500.00 299,250.00 Depreciation 4% 199,500.00 399,000.00 598,500.00 Amortization 7% 349,125.00 698,250.00 1,047,375.00 Other Operating Expenses 2% 99,750.00 199,500.00 299,250.00

INCOME (LOSS) FROM OPERATIONS 37% 1,845,375.00 3,690,750.00 5,536,125.00

OTHER INCOME ( EXPENSES )

INCOME (LOSS) BEFORE TAX 37% 1,845,375.00 3,690,750.00 5,536,125.00

3 - YEAR PROJECTED REVENUES & EXPENSE SUMMARY NOTE: THIS IS ONLY FOR THE DORMITORY

YEAR 1 YEAR 2 YEAR 3NUMBER OF STUDENTS 200 400 600

REVENUES % TO REVENUE 3,615,000.00 7,215,000.00 10,815,000.00

DIRECT EXPENSES 15% 542,250.00 1,496,250.00 2,244,375.00 Staffs Salaries & Wages 8% 289,200.00 798,000.00 1,197,000.00 Security 1% 36,150.00 99,750.00 149,625.00 Staff's Benefits 4% 144,600.00 399,000.00 598,500.00 Other Direct Expenses 2% 72,300.00 199,500.00 299,250.00

GROSS MARGIN 85% 3,072,750.00 6,132,750.00 9,192,750.00

OPERATING EXPENSES 48% 1,699,050.00 3,391,050.00 5,083,050.00 Salaries & Wages ( Officers ) 14% 506,100.00 1,396,500.00 2,094,750.00 Employees Welfare & Benefits 1% 36,150.00 99,750.00 149,625.00 Rent Expense 10% 361,500.00 997,500.00 1,496,250.00 Light & Water 4% 144,600.00 399,000.00 598,500.00 Stationery & Office Supplies 2% 72,300.00 199,500.00 299,250.00 Postage, Telephone & Telegram 2% 72,300.00 199,500.00 299,250.00 Transportation & Travel 2% 72,300.00 199,500.00 299,250.00 Depreciation 4% 144,600.00 399,000.00 598,500.00 Amortization 7% 253,050.00 698,250.00 1,047,375.00 Other Operating Expenses 2% 72,300.00 199,500.00 299,250.00

INCOME (LOSS) FROM OPERATIONS 37% 1,337,550.00 2,669,550.00 4,001,550.00

OTHER INCOME ( EXPENSES )

INCOME (LOSS) BEFORE TAX 37% 1,337,550.00 2,669,550.00 4,001,550.00

NOTE: THIS IS ONLY FOR THE FIRST PROGRAM ( ENGLISH TRAINING FOR CHINESE )

REMARKS

NOTE: THIS IS ONLY FOR THE DORMITORY

REMARKS