CHAPTER I

Project Summary

A. The Business

The proposed business is named as WHEMS CHILI BUKAYO that will provide a new taste
of the mediocre sweet type bukayo into a bit spicy one. Proponents believe that choosing chili
flavor of the bukayo will surely add up for the consumers to patronize the product with the fact
that bicolanos are known for liking spicy foods.

The business will operate from 8:00 AM – 5:00 PM on every Saturday of the week which
includes preparation, production, and delivery of the finish products of the finish products and
closing of store from Mondays to Saturdays.

The kind of business was chosen because aside from the thing that the proponents
know how to make the product, the proponents also believe that making a twist to a simple
dessert or snack like bukayo and selling it as delicious and affordable will surely catch the
attention of consumers to buy the product and consequently patronize it.

B. The Proponents

Table 1
Project’s Proponents

Percent of
Name Nationality Address
Ownership
P-6, Brgy. Daculang Bolo, San
Alde, Maygel A. Filipino 20%
Lorenzo Ruiz, Camarines Norte
P-3, Brgy. Gumamela, Labo,
Aye, Sunshine S. Filipino 20%
Camarines Norte
 P-6, Brgy. Daculang Bolo, San
Cordovilla, Haizel Kate F. Filipino 20%
Lorenzo Ruiz, Camarines Norte
Factor, Wienelyn Filipino 20%
P-6, Brgy. Daculang Bolo, San
Postre, Edjay P. Filipino 20%
Lorenzo Ruiz, Camarines Norte

C. Type of Business Organization

WHEMS CHILI BUKAYO has five (5) partners which are operating under a General
Partnership. This partnership will be formed according to the articles of the Civil Code of the
Philippines that defines partnership as an organization where two or more persons bind
themselves to contribute money, property or industry to a common fund with the intention of
dividing the profits among themselves.

D. Location of the Business

E. Goals and Objectives

 To be able to expand the business in other areas of the community.
 Provide an affordable and well-prepared snack/dessert.
 Gain reasonable profit.
 Contribute in the promotion of economic stability through payment of taxes.
 Satisfy customers.
 Increase market share.
 Develop new product lines.
F. Highlights of the Business

Name of the Business : WHEMS CHILI BUKAYO

Location :
Name of the Proponents : Alde, Maygel A.
Aye, Sunshine S.
Cordovilla, Haizel Kate F.
Factor, Wienelyn
Postre, Edjay P.
Form of Organization : General Partnership
Total Project Cost : P
Project Implementation : January 2018
Source of Fund : Partners Contribution
Payback Period : years
Return of Investment : %

1. Nature of the Industry

The business belongs to food industry. The food industry is and will always remain in
high demand because of its genre. Also, what makes it more appealing to the market is the fact
that the steadfast service industry continues to grow and succeed. The extraordinary growth of
the food industry has been obsessed by fundamental changes in society.

2. Mode of financing

The mode of financing is coming from the contribution of the project partners’ savings
and the business will be part of their investment.

The total business contribution will come from Sia (22%) – P 110,000.00, Mera (22%) – P
110,000.00, Heraldo (22%) – P 110,000.00, Bilon (17%) – P 85,000.00 and Sumulong (17%) – P
85,000.00.
 3. Project time table and status

Activities
Business Planning
Establishment of
Capital
Renovation of
Business Building
Registration of
Business
Hiring of Personnel

Securing Suppliers,
Purchase of
Equipments and
Raw Materials

Table 2

Gantt chart

Table 2 shows the duration of the business specific activities starting from preparing the feasibility study until the start of
business normal operation.