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ABE INTERNATIONAL COLLEGE OF BUSINESS & ACCOUNTANCY

TACLOBAN COLLEGE
TACLOBAN CITY

________________________________________________
In partial fulfillment of the Requirement in the subject Entrepreneurship and Business Plan

R8 EXPRESS: COFFEE SHOP

_______________________________

Submitted to

Ms. Grace Betanzor

Submitted by

Bryan Gacho
Merasol Gumapac
Mark Denver Marilla

S.Y 2010-2011

TABLE OF CONTENTS
Acknowledgement
I.

II.
III.

Introductory Page

A. Name and address of business

B. Nature of business

C. Statement of financial needed

D. Statement of confidentiality report

Executive Summary

Industry Analysis

A. Future outlook and trends

B. 1. Economic Condition

2. Socio-Cultural Condition

10

3. Demographic profile

10

C. Analysis of Competitors

10

IV. Description of Venture

11

A. Product
B. Service
C. Size of the Business
D. Office Equipment & Personnel

12

V.Production Plan
2

A. Production Process

13

B. Physical Plant
C. Machinery and Equipment

15

VI. Marketing Plan


A. Pricing

16

B. Distribution
C. Production
D. Target Market Forecast

17

E. Controls

18

VII. Organizational Plan


A. Form of Ownership

19

B. Org. Structure
C. Roles and responsibilities and manners of organization

20

VIII. Assessment of Risk

22

IX. Financial Plan

23

A. Financial Object
B. Projected Income Statement

24-26

C. Projected Cash Flow

27-28

D. Projected Balance Sheet

27

I. Introductory Page
A. Name and Address of business
The group comes up to name the business R8 EXPRESS: Coffee and T. R8 stands for Region 8
or the Eastern Visayas Region, for our business is located at the heart of the region- Tacloban. The letter T
stands for tourism since our course THRM is related to Hospitality and Tourism Industry and also to
promote the regions paradise and attractions through photo gallery concepts.
Downtown district of Tacloban is the proposed location of the business for it ideal source of our
potential target market. It is also that the downtown district is the commercial center of the region.
B. Names and Addresses of Principals
Bryan M. Gacho
Merasol R. Gumapac
Mark Denver Marilla

Brgy. 4, Lawaan Eastern Samar


Blk11,L7,A7,P3,V & G Subd. Tac.City
Sampagita,Sagkahan Tacloban City

C. Nature of Business
The business is a coffee shop that caters mostly to students, coffee shop goers, and individuals
that belongs in the average to above average earner group and has high disposable income.
Its unique concept will give a differential advantage among other coffee shop. R Express: Coffee
and T. will be adopting a mix of nature and tourism inspired photo gallery style with Earth color, green
and blue as accent as its concept. Partnership will be the form of this business venture, specifically
general partnership which means that all of the partners will be involved in management.
D. Statement of Financial Needed
Starting a business entails a certain amount of capital. The total investment requirement will be
P2, 500,000.00, 60% will be the partners equity and 40% from loan equity. The partnership will be
incurring a loan at the Development Bank of the Philippines; this loan will be worth P1,000,000.00 with
an interest of 10% annually and 7% discount rate. The partners equity will be divided equally among the
partners, thus, each partners contribution will be P250, 000.00.

E. Statement of Confidentiality Report


This business plan report is confidential and a property of the partners listed above. Any
reproduction of any of its contents without the prior consent of the group is prohibited.

II. Executive Summary


An innovative coffee business with nature inspired and a twist of nature and tourism
photo gallery concept will be launched as a new competition in the coffee shop market. With the brand
name R8 EXPRESS: Coffee and T. this will not only serve coffee and the usual cakes but will also
introduce high quality and nutritious regions delicacies that adds twist to the coffee shop.
This business venture will be a partnership, specifically general partnership and will be located at
the downtown district of Tacloban. Finding of the business comes from two major sources; 60% partners
equity and 40% from loan equity.
The business venture will offer, costs less products and pricing scheme that is significantly lower
than that of competitor. We will offer different kinds of coffee, and other beverage, freshly baked cakes
and pastries and delicacies that will depend on the availability and demand.
Food and beverage are not only our main product but also the ambiance and business concept, the
souvenir items at affordable prices and the quality services that will offer recreation, comfort and
satisfaction.
The important values that will be associated with our venture is that, it will not only offer affordable
product but also the quality and health benefit of it specifically patterned to suit the local taste preference.
And we will also looking forward that our business will help in the tourism promotion of the region.
R8 EXPRESS target market are classified into students, middle and high class individuals, young
and middle age professionals, health conscious and travelers/tourists. The venture will cater to both the
informed and uninformed market segments and will also expect to attract a substantial number of 1st-time
coffee shop goers and adventurous coffee shop goers. R8 EXPRESS will ensure that customers will get
the best purchase and post-purchase experience and as well as memorable experience as our main service
so as to encourage repeat buyers.

The promotional strategies that will be employed would include signage, tarpaulins,
flyers/pamphlets, radio ad., sales promotion and internet advertising. The coffee shop itself; the interior
design, theme and the exterior as well are also set to attract customers.
An additional product variety and product innovation will be offered as part of the market
development strategy and after achieving sufficient product compliance from the target market. That will
be projected after the first 2 years of R8 EXPRESS operation.
Stiff competition is highly expected for coffee shop business is one of the fastest growing
ventures here in Tacloban. However, with a unique concept and marketing strategy with the positive
results from the market research, maximum profitability may be expected from this business venture, with
an annual growth rate of 10%.
BUSINESS OBJECTIVES AND GOALS:
To meet the growing needs of the target market
To create social responsibility as to promote the tourism of Eastern Visayas ad
environmental awareness.
To establish an effective and profitable marketing mix of product, place, price and
promotion.
To increase sales by 10 to 20 per cent annually for the first three years
To evaluate the competitive environment and continue to establish a differential
advantage
To make agreement with coffee and delicacies distributors and bakery ventures for high
quality and best choice of products
To create a cozy and friendly environment
To become the foremost coffeehouse in the area

III. Industry Analysis


A. Future Outlook and Trends
About the Coffee Drinking Trends
Each year, several different organizations publish reports on coffee drinking trends in the
United States and around the world. Those reports tell how much coffee is bought and
sold. They tell who buys and drinks coffee, how much coffee people drink in different
parts of the country and the world, and what kind of coffee and coffee drinks are most
and least popular.
Significance
7

Understanding trends in coffee drinking can help coffee shop owners, roasters and other
coffee professionals make business decisions about what products to order and offer in
their shops. The information is also useful to other food retailers, those in the hospitality
industry and anyone who is considering a career in the coffee industry.
The Facts
The most significant coffee drinking trends in the past 50 years include:
- A steady drop in daily coffee consumption from 1950 to 1993
- A steady upward trend in daily coffee consumption from 1993 onward
- A growing upward trend in specialty coffee consumption beginning in the early 1990s
- An increase in the number of people drinking coffee outside the home from 1950 to the
present
- An increase in the consumption of flavored coffees starting about 1992
- A growing awareness of ecological and economic issues surrounding coffee since 2002
- The growing number of people concerned with health effects of coffee
- An increase in coffee consumption in both young (18 to 24) and senior (60-plus) age
groups
Each of these trends has represented significant changes in the way that people view and
drink coffee. For instance, the coffee drinking trends from 2003 to 2008 clearly show an
increase n the number of people who are more likely to buy a coffee that is Fair Trade
certified, which suggests that consumers are growing more concerned with paying a fair
price for the coffee that they drink.
Benefits
The NCDT shows that a growing number of people are concerned about the benefits
of drinking coffee, both personally and for the world at large. For instance, according to
the 2008 report on coffee drinking trends:
- 61 percent of coffee drinkers said that coffee improves their focus
- 46 percent listed the health benefits of drinking coffee as one of the reasons they drink
coffee
- Fair Trade certified and organic coffees are the fastest-growing segment of the specialty
coffee market
About Coffee Shop Trends
Coffee is the drink of choice for many people across the world. Every morning millions
of people rely on their morning fix to get going for the day. Coffee has become so
popular that there are a number of different flavors and combinations available. You can
fill up on anything from a white chocolate mocha to a double chocolate chip iced coffee,
or even vanilla bean treats. Coffee shops tend to do very well, especially the giant coffee
shop chain known as Starbucks. Back in the 1990s, Starbucks started to expand across the
entire world. It is now one of the largest coffee shop chains around.
History
A. Coffee has been around for thousands of years, but coffee shops have only become
popular over the last 100 years. As more people have relied on caffeine to wake them
up in the mornings, many small businesses have capitalized on this need. Coffee
shops in general provide a lot of business. Most people would rather get a cup of
coffee than enjoy a healthy breakfast. This is partly due to our fast-paced society.
Many people are busy, and they don't always have time to sit down for a full
breakfast, even if it would do them some good.
Benefits
B. The benefits of these coffee shop trends are many. The proliferation of coffee shops
help the economy to flourish because they encourage spending and create jobs. With
coffee shops on every corner, it is not difficult to find a place to buy your morning
8

coffee. This provides consumers with the added convenience of saving time by being
able to pick up a quick cup of coffee regardless of where they are.
According to the Archives of Internal Medicine, coffee, especially decaffeinated
varieties, has been linked to a lower risk of type 2 diabetes. There are many other
health benefits of drinking coffee in moderation.
Features
C. Coffee is the most popular and widely used herb around, which is the reason why
coffee shops are so popular. People love coffee, so many small business people
capitalize on this by opening up coffee shops. Some coffee shops provide Internet
access so that people can use their laptops while they enjoy their coffee. This is
especially helpful for busy students on the go.
The coffee shop trend continues because there is a huge demand for it. If you took a
road trip across America, you would find coffee shops on just about every corner.
While the biggest and most well-known chain is Starbucks, you will also see many
mom-and-pop coffee shops or small coffee shop stands. Even gas stations sell coffee
to truckers and other travelers on the road.
Brazil has by far the most coffee drinkers worldwide, so you will certainly notice that
the coffee shop trends are very popular in Brazil. Some people even say that they can
smell the aroma of coffee in the air.
Coffee with no sugar or added creamers has no calories, and coffee shops have come
up with the trend of offering many coffee drinks and treats that are low-fat.
Read more: About Coffee Shop Trends | eHow.com
http://www.ehow.com/about_4567371_coffee-shop-trends.html#ixzz1FQBsIsJe
B.
1. Economic Condition:
Philippine Economy
The Philippines is located in South East Asia and the Philippines economy has been
industrialized in the recent times. In terms of the purchasing power parity it ranked
24th according to the World Bank. The sectors that are of key importance in the
Philippines Economy are agriculture, industry and mining each of which can be
detailed under the following heads; Agricultural sector contributes about 17.1% of
the GDP, Industrial Sector contributes 18.1% in the GDP. The Gross Domestic
product (GDP) for 2004 was $84.2 billion. The per capita gross domestic product was
$976. At constant 1985 prices and current prices in million PHP (Pesos).
(http://www.economywatch.com/world_economy/philippines/) The Philippines is a
newly
Tacloban City Economy

It is the regional center of commerce, tourism, education, culture, and government in


the region. It is one of the few first class cities in the Philippines (cities with an
annual income of more than PhP300 million) and is slated to be declared as a highly
urbanized city in 2008 (having exceeded the minimum qualfying standards in terms
of income and population). [2]
http://www.worldlingo.com/ma/enwiki/en/Tacloban_City#Official_Seal_of_The_Cit
y_of_Tacloban
Philippine Agribusiness Report Q4 2010
Coffee Production Growth to 2013/14: 13% to 7.8mn bags. Government and private
investment will help increase yields as new trees mature over the forecast period.
9

Despite the growth, the country will not reach the government's planed selfsufficiency in the next few years.
http://www.pr-inside.com/philippines-agribusiness-report-q-r2111912.htm
2. Soocio-cultural Condition
The socio-cultural condition and urbanization affects the food and recreation
preference of individual as more people become preoccupied with their job that also leads
to a changing lifestyle. People nowadays are leading a fast paced life so they have lesser
time devoted to eating, food preparation and long out-of-town vacation so they tend to
find within the downtown establishments that offers recreation, relaxation and food and
beverage.
3. Demographic Profile
During the 2007 population census, Tacloban City has an actual total populationcount
of 217,199. With an average annual population growth rate of 2.73 percent, it is
projected that for the year 2008, Tacloban Citys population would be 223,130 and
based on this projected population, Tacloban City has a population density of 1,106
persons per square kilometer or 11 persons per hectare. The disaggregated population
results of the 2007 census is yet to be released as of this documentation but using ratio
and proportion using the 2000 census as baseline data. Tacloban City has a proportionate
total household of 43,415 for 2008. Using the same method, Total Number of Families
counts at 47,014 with an Average Household Size of 5.1.
http://www.tacloban.gov.ph/
C. Analysis of Competitors
The current competitors of business venture in Tacloban City are classified into two: The
direct competitors which includes all coffee shop within the tacloban area that offers
unique concept and service. This includes, Jose Karlos, Libro: Books and coffee, Bos
Coffee, Starzrocks, and the LIKE. Indirect competitors includes food establishments that
offers coffee, Dunken Donuts and Mister Donuts.

IV. Description of Venture


10

A. Products
R8 Express: Coffee and T. will be offering high quality coffee, hot and cold beverages, teas and
other custom drinks at a very reasonable price. We will also sell fresh-baked pastries and other
confections like cookies, brownies, and cakes. In addition, the business venture will also offer same of
Regions delicacies like moron and binagol just to add twist to the venture. Seasonally, the business
will add specialty and customized product during peal seasons. We will also market premium items and
souvenirs such as mugs and T-shirts with imprinted tourist attractions of Eastern Visayas and other
premium items like key chains, coin purse, etc.
B. Services
We will be having the following service:

Opens 7 days a week (from 7:00am-9:00 pm)


Casual dining atmosphere
Internet connection/ WIFI
Dine in and take out
Free seating
Guests or customers will feels at home

C. Size of Business
R8 Express: Coffee and T. will be renting a space within the downtown area feasible to our target
market. The desired size is 80 square meter, with a seating capacity of 30 pax.

D. Office Equipment and Personnel


11

OFFICE EQUIPMENT
Items
Computer
Fax/Printer
Telephone
File Cabinet
Tables
Chairs
Ceiling Fan

Quantity

Unit Cost

1 set
1
1
2
1
3
1

40000
2500
3500
3000
500
100
3000

Office supplies

40000
2500
3500
6000
500
300
3000
2000
P57,800

PERSONNEL

Total

General Manager Owner


Financial Manager Owner
Marketing Manager Owner
Store Attendant Employee
Barista Employee
Cashier Employee
Service Crew Employee

V. Production Plan
A. Production Process

12

Budgeting is a list of all planned expenses and revenue. It is plan from saving and spending to
what is going to be purchased in working our product.
Purchasing getting the desired product of the right quality, at the right quantity, right price and
time from the right and reliable sources or suppliers.
13

Receiving- is a print at which the purchaser inspects products and tasks legal possession of the
product ordered. A well designed receiving process is important to cost and quality control and
therefore warrants careful planning and implementation.
Storing- proper storing of the purchased item maintains the quality of the product. In storing f &
b items required a certain degree of temperature and should be well ventilated.
Production/Preparation- this should be done properly and accordingly to produce the desired
product that is high quality and satisfying to customers.
Portioning- dividing the product into how many serving ensuring that each portion are consistent
and in quality.
Serving- serving the finish product to our customers based on their orders.
Controlling- concerned with the management measure with current performance.

C. Machinery and Equipment


Items
Espresso Machine
Coffee Maker
Coffee Grinder
Coffee/Tea Pots

Quantity
1
1
1
3

Unit Cost
65000
25000
10000
2000
14

TOTAL
65000
25000
8000
6000

Blender
Refrigerator
Oven with Burner
Air conditioner
Cash Register
Microwave
Toaster
Mixer

2
1
1
2
1
2
1
1

2500
21000
30000
8000
6000
5500
1000
2500

5000
21000
30000
16000
6000
11000
1000
2500
P195,500.00

VI. Marketing Plan


A. Pricing
Pricing strategy is based on the quality and how much ingredients is being used per
product. The product will consistently be priced lower than the competitors so as to
improve its market share. Specialty products that are only unique in our venture will be
priced higher. Product price range from P20-P100 for coffee and other beverage. For
pastries and cakes the price range is P20-P50. Souvenirs and other items will depend
upon purchase from suppliers. Pricing will depend on the variable cost of each product,
and a 20% mark-up is utilized
B. Distribution
15

The customers can dine at the coffee shop or have a take out. Product will be displayed at
the counter section with their specific price (for pastries and souvenir items). For coffee and other
beverage product will be made upon order. The price , size and the picture of the product are on
the menu.
C. Promotion
We will develop an intensive marketing effort through promotions and advertising
strategies to attract attention and to create awareness. Among the strategies are signage,
tarpaulins, radio advertisement, online/internet advertisement, flyers and stickers.
Discount coupons and promos like offering a Frequent drinkers club discount to our
best customers.

D. Target Market Forecast


Potential

Growth

2013

2014

2015

2016

2017

10%

35

39

43

47

51

10%

35

39

43

47

51

10%

10

11

12

13

14

10%

20

21

22

23

24

Custome
rs
Students
(35%)
Young
Professio
nals
(35%)
Travellers
(10%)
First
timers
16

(20%)
Total/year

10%

100*360

110*360

120*360

130*360

140*360

=36,000

=39,600

=43,200

=46,800

=50,400

E. Controls
a) Product Control The making of the product will be monitored and the avoidance of use
of substitute ingredient will be implemented to assure that the product will maintain its
standard tasks, nutritional value and quality.
b) Price Control- The pricing of the product will be followed by the business aggressively.
Products price will not go lower than the average cost to ensure profitability.
c) Promotional Control- Once the product would be able to gain a market share,
advertisements would be lessened. Tarpaulins, flyers and discount coupon will be the
usual promotional activities for those plays major role in promotions.

17

VII. Organizational Plan


A. Form of Ownership
A type of business entity in which partners (owners) share with each other the profit or losses of
the business undertaking in which all have invested. Partnerships are often favoured over corporations
for taxation purposes, as the partnership structured does not generally incur a tax on profit before it is
distributed to the partners.
B. Organizational Structure

Manager

Finance
Manager

Store Supervisor

Marketing
Manager

Cashier

Barista

Service
18
Crew

Baker

C. Roles & Responsibilities of Members of Organization


a) Manager
Manage the facilities, equipment, inventory, payroll and other basic operational
processes.
Ensure that the coffee shop operate efficiently and profitably while maintaining their
reputation
Responsible of maintain of high standards of food, beverage services and health safety
Prepares the working schedule of all personnel including their shift and day off.
b) Marketing Manager
Responsible in the research, planning/creating and execution of marketing and
promotional activities, monitoring sales and establish strategies for creating awareness of
the business.
Responsible for the design and distribution of all direct marketing materials.
c) Financial Manager
Responsible for finance, accountings, payroll, billing, taxes and any other matter related
to sales and revenue budgets.
d) Store Supervisor
Makes decision regarding hiring, evaluation and termination of employees or makes
related recommendations.
Monitors work methods, standards of performance, sanitation and safety standards
Maintains proper security of units
Ensure quality food preparation, presentation and service to the customers
e) Cashier
Responsible on the billing of customers
19

Coordinates activities of employees engaged in receiving money and keeping records of


transactions
Works with financial manager to handle records and cash correctly
f) Barista
Ensure the quality of the coffee and other complimentary and supplementary ingredients
Prepares coffee orders from the customers coordinates with the store supervisor
g) Baker
Ensure the quality of pastries
Maintains proper sanitation of the kitchen
h) Service Crew
Attends/Welcome/Entertain customers and responsible in taking their orders
Clears table and do dish washing ALSO.

Compensation:
Employees

No. of Employees

Salar/month

Total

Store attendant

15,000

15,000

Barista

9,500

19,000

Baker

9,000

9,000

Service Crew

7,500

14,000

Cashier

9,000

9,000

MONTHLY:

P66,000

Annual Salaries
Expense

P798,000.00

20

VIII. Assessment of Risk


A. Evaluate the Weakness of Business
Although th business venture has a different concept among other coffee shop, stiff
competition still high. With the growing number of food and beverage establishments, the
emergence of more competitive brand may cause the decline of R8 Express: Coffee & T.
B. New Technologies
New Technology can improve the business operations for most of the people are techno
savvy. It will add awareness to our business as well as help in our operation for this we
can be used for production and promotion.

21

IX. Financial Plan


A. Financial Objectives

Increase earnings by 15% annually

Stable earnings during recessionary periods

B. Start-up Expense/Pre-operating Expense


Start-up Expense/ Pre-operating Expense

Legal Expense
Business Registration

5,000

Marketing Expenses
Signage

3,000

Tarpaulins

10,000

Stickers/Flyers

5,000

Radio Advertisements

15,000

OTHER

10,000

TOTAL

43,000

Prepaid Rent Expense


One month advance, one month
deposit(35,000/mos)

105,000

22

Premises Remodelling

150,000

Workers Compensation

19,000

Other Startup Expense

30,000

TOTAL

P352,000

Required Start-up asset

Operating Capital
-Payroll

66,500/month

P133,000

(GOOD for 2 months)


-Cash Reserves

100,000/month

(Good for 3 months)

P5,000

TOTAL

P300,000

P438,000

Start-up Inventory
-Coffee Beans

P160,000

-Pastries and Confectionaries

P150,000

-Beverages

P150,000

--Souvenirs

P50,000

-Office Supplies

P3,000

TOTAL

P453,000

Machinery and Equipment

P195,500

Office Equipment

P57,800

China, Glass & Silverwares

P50,000

Furnitures and Fixtures

P130,000

Employees Uniform & Linens

P30,000

23

Other Miscellaneous Expense

P20,000

TOTAL

P1,374,300

PROJECTED INCOME STATEMENT


R8 EXPRESS: COFFEE AND T.
Projected Income Statement
2013

2014

2015

2016

2017

3,600,000

3,960,000

4,356,000

4,878,720

5,464,166.4

(1,980,000)

(2,178,000)

(2,395,800)

(2,683,296)

3,905,291.5)

1,620,000

1,782,000

1,960,200

2,195,476

2,458,874.9

Permit &
Licenses

(5,000)

(3,000)

(3,000)

(5,000)

(3,000)

Salaries &
Wages

(798,000)

(798,000)

(798,000)

(821,940)

(821,940)

Rent Expense

(420,000)

(420,000)

(441,000)

(463,050)

(463,050)

Marketing
Expense

(43,000)

(50,000)

(45,000)

(30,000)

(25,000)

Maintenance

(12,000)

(12,000)

(15,000)

(15,000)

(15,000)

Depreciation
Expense

(54,162.5)

(47,392.2)

(41,468.2)

(36,284.64)

(31,749.06)

Miscellaneous
Expense

(30,000)

(30,000)

(35,000)

(35,000)

(20,000)

Remodelling

(150,000)

Other Expense

30,000

10,000

(20,000)

(25,000)

(15,000)

Sales
Less: Cost of
Sales
Gross: Profit
Less:
Operating
Expenses

24

P1,542,162.5

P1,370,392.2

P1,398,468.2

P1,431,274.6

P1,394,739

Operating
Profit/loss

77,837.5

411,607.8

561,731.8

764,201.4

1,064,135.9

Less: Interest
Expense

(100,000)

(90,000)

(90,000)

(90,000)

(90,000)

Net
income/loss
before taxes

22,162.5

321,607.8

471,731.8

674,201.4

974,135.9

(96,482.34)

(141,519.54)

(202,260.42)

(292,240.77)

P225,125.46

P330,212.26

P471,940.98

P681,895.13

Less: Taxes
(30%)
Net
Income(loss)
after tax

P22,162.5

25

R8 Express: Coffee and T.


Projected Cash Flow
Preoperating

2013

2014

2015

2016

2017

3,600,000

3,960,000

4,356,000

4,878,720

5,464,166.4

3,600,000

3,960,000

4,356,000

4,878,720

5,464,166.4

30,000

50,000

40,000

45,000

1,980,000

2,178,000

2,395,800

2,683,296

3,005,291.5

5,000

3,000

3,000

5,000

3,000

Salaries and
expense

798,000

798,000

798,000

821,940

82,940

Rent Expense

420,000

420,000

441,000

463,050

463,050

Mktg. Expense

43,000

50,000

45,000

30,000

25,000

Maintenance
Expense

12,000

12,000

15,000

15,000

15,000

Miscellaneous
expense

30,000

30,000

35,000

35,000

20,000

Interest
expense

100,000

90,000

90,000

Sales
Bank Loan
Partners
Equity

930,000
1,500,000

Total Inflow

2,430,000

Supplies

83,000

Merchandise
Inventory

450,000

Furniture &
Fixtures

130,000

Machinery &
equipment

253,300

License and
permit

26

90,000

90,000

Tax expense

96,482.34

Total Cash out


flow

786,300

3,388,000

Net In flow

1,643,700

212,000

342,517.66

1,643,70-0

1,431,700

Cash Beg.
Cash end

1,643,700s

1,431,700

141,519.54

202,260.42

292,240,77

3,617,482.34 4,014,319.54 4,385,546.42 4,780,522.27


341,680.46

1,774,217.66 2,088,898.12

1,774,217.66 2,088,898.12

R8 Express: Coffee and T.


27

493,173.58

2,582,071.7

683,644.13
2,582,071.7
3,265,715.83

Projected Balance Sheet


2013
Assets
Current Assets
Cash

1,643,700

Inventories

355,297

Total

1,998,997

Non-current assets
Furniture and Fixtures

130,000

Machinery and Equipment

253,000

Less: Accumulated Depreciation

383,000

(54,162.5)

328,837.5

China, Glass and Silverware

50,000

Uniforms and Licenses

30,000

Total

408,837.5

Total Assets

P2, 407,834.5

Liabilities
Long Term Debt, Net

930,000

Owners Equity

P1, 477,834.5

Capital

Total Liability and Capital

P2, 407,834.5

28

X. Appendix
A. Letters

March 7,2011

29

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