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TASTE OF BALAY
A Business Plan Presented
to the Faculty of College Department
Immaculate Conception College of Balayan Inc.
As Partial Fulfillment of the Requirements
for the Entrepreneurial Management
Submitted By:
Barredo, Justine Lawrence B.
Calingasan, Rachele M.
Comia, Niel Randle M.
Cortez, Beatriz A.
De Castro V, Antonio A.
Hernandez, Reynan C.
Ligan, Yvanne Paul D.
Mallari, Jazmin Claire O.
Mendoza, Shiarra Mariell M.
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Chapter 1
Description of the Business
Introduction
Food is one of the primary necessities of humans and also plays a vital role
in maintaining good health. Healthy food is important both for our body and mind.
We must eat vegetables and fruits in large amounts because they provide all the
nutrients to us. For a variety of reasons, food is necessary for our bodies. It provides
the energy we need for daily tasks like working and playing. It supports our
physical development, strengthens our bones and muscles, fixes harmed body cells,
and raises our defenses against diseases and other hazardous substances from the
outside world. In addition, eating provides us with a sense of fulfillment that is
essential to our mental health, but some meals are not good.
Fresh, hygienic, organic, and nutritional food are essential aspects of a
healthy life. At home, all family members can prepare and have their food together.
In addition, the price and natural taste of homemade food make us prefer it over
restaurant food. In general, foods are only regarded as nutritious if they contain
nutrients in a balanced ratio. People of all ages need to be aware of the advantages
of eating healthy because doing so assures a long, disease-free life.
Every person now consumes food more consciously, which requires
complete openness regarding food. Since the pandemic, individuals have been more
conscious of their daily food consumption and food choices, this promotes health
and makes people feel healthy and fit.
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Eat-all-you-can buffets will be available at Taste of Balay while still
generating revenue from customers. For those who enjoy a variety of food and
binge eating, all-you-can-eat buffets are a popular food distribution method. It is a
method of providing meals where customers choose how much food they want to
eat for a set fee. Food is frequently put in a public area of a buffet restaurant so that
customers can look at it and choose the dishes they want to eat. Taste of Balay will
offer delicious meals at competitive prices and focus more on food quality and
variety, resulting in feelings of "worth more than its cost" and "happiness" in
customers. This will boost customers' intention to return to an all-you-can-eat
restaurant.
Company Name
“Taste of Balay” is the proposed name of the business because ‘taste’
pertains to the sensation of foods, while ‘balay’ is a Cebuano word that means a
small house built of wood. It is named “Taste of Balay” because this business
offers a feel-at-home vibe and a taste like home food.
Product and Services
Taste of Balay is inspired by traditional Filipino home-style dining. It offers
different excellent Filipino dishes. Taste of Balay will let you feel at home with the
taste of home-like foods that will cater to the taste of Filipinos. Unlike other
businesses, this eatery is an eat-all-you-can and lets their customers pick their own
choice of dishes to partner with rice. This business provides a comfortable, homelike, and unique delivery of service to customers. Also, it will be constructed out of
native materials, as this business wants to give customers a feel-at-home vibe.
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Main Dishes
Pork Adobo is cooked in soy sauce, vinegar,
and garlic. This is considered by many as the
Philippines’ national dish because of its
popularity, ease of preparation, and long
storage life.
Chicken Adobo is a type of Filipino chicken
stew. Chicken pieces are marinated in
soy
sauce and spices, pan-fried, and stewed until
tender. The dish gained popularity because of
its delicious taste and ease in preparation.
Pork Caldereta is a Filipino tomato based
stew. It is composed of cubed pork , potato,
carrots, tomato sauce, and liver spread. There
are also regions in the Philippines that makes
use of peanut butter.
Chicken Caldereta is a type of
Filipino chicken stew. This version involves
cooking the chicken in a tomato-based sauce.
Bicol Express is a spicy Filipino stew
consisting of bite sized pieces of pork with
chilies, coconut milk, shrimp paste (bagoong),
onions, tomato and garlic. The dish is named
after the train in the Bicol region of the
Philippines, known for its spicy food.
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Gulay na mais is a Filipino corn soup
cooked with sliced pork. It is great to serve
this as an appetizer or as a viand served
with cooked rice.
Kare Kare is a type of Filipino stew with a
rich and thick peanut sauce. It is a popular
dish in the Philippines served during special
occasions.
Tinolang Manok is a kind of Chicken dish
which is cooked by sauteing garlic, onions,
and ginger the adding Chicken and letting it
turn a little brown.
Nilagang Baboy or Pork Nilaga is translated
as boiled pork in Filipino. This is a soup dish
commonly served for lunch or dinner on
regular days.
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Complimentary
Tuyo fish is a type of Filipino sun dried fish.
This is usually fried quickly and eaten with
spicy vinegar dip and rice.+
Fried egg is a cooked dish made from one or
more eggs which are removed from their
shells and placed into a frying pan and fried.
Tinapang isda or just tinapa. Different
kinds of fish caught locally are brined then
smoked
Fried Hotdog is a dish made of the red
hotdogs which are famous here in the
Philippines. It is partnered with a thick sauce
made from banana ketchup, and mainly
oyster sauce, along with vinegar, sugar, and
common seasonings like salt and pepper.
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Rice
Plain Rice also refers to Steamed rice
that is cooked either by steaming or
boiling.
Fried rice is a dish of cooked rice that
has been stir-fried in a wok or a frying
pan and is usually mixed with other
ingredients such as eggs, vegetables,
and seafoods.
Side Dish
Atchara is an appetizer made from
pickled green papaya. Julienned or
grated green papaya are placed in
airtight containers and soaked for a
week in cooked vinegar and sugar
mixture with onions, garlic, ginger,
pepper corn, and red bell pepper.
Dessert
Leche Flan is a dessert made-up of
eggs and milk with a soft caramel on
top. It resembles crème caramel and
caramel custard.
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Ice cream is a mixture of milk, cream,
sugar, and sometimes other ingredients
that has been frozen into a soft, creamy
delight using special techniques.
Creamy Gulaman is a type of jelly
dessert, flavored with milk and cream. It
is simple and easy to prepare.
Drinks
Bottled water is drinking water
packaged in plastic or glass water
bottles.
Ice Tea is made by extracting soluble
tea solids from tea leaves and then
adding various flavouring agents such as
sugar, lemon, mint, peach and the like.
Black Gulaman Drink made with grass
jelly, chewy pearls, and brown sugar
syrup.
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Silog Meals
Tapsilog is a meal composed of Filipino
beef jerky, garlic fried rice, and fried egg.
Longsilog is a traditional Filipino dish that's
served for breakfast. The dish and its name
consist of a combination of longganisa
sausage, sinangag (garlic rice), and itlog
(fried eggs).
Chicksilog is a traditional Filipino dish and
a part of the silog group of dishes. It consists
of fried chicken, fried eggs, and fried rice.
Cornsilog is a Filipino recipe that is
mixed with garlic rice, fried egg, and
corned beef.
Pork Sisig is a popular Filipino dish. It can
be considered as a main dish or an
appetizer. The composition of this dish is
mainly of pig’s parts such as minced pork
meat, ears, and face. Chicken liver, onions,
and chili peppers are also added.
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Industry
This business belongs to the Food Service Industry. The business is
dedicated in serving the customer a great customer service and high-quality
products to the customers. The food is typically prepared by a cook and is presented
by staffs. Alternatively, customers can serve themselves from the counter or
buffets.
Logo of the Business
Description of the Logo
This logo signifies the business a lot. The hut with the trees in the
background symbolizes the farm, and below it can be seen the vegetables and meat
which in turn symbolize the staple foods of the farm. Also visible in the middle of
the logo is the name of the business, "Taste of Balay" for the customers to easily
remember the name of the eatery.
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Vision
Taste of Balay visualizes performing with passion for profit growth and
being one of the top eateries that serve high-quality food around the Philippines.
Mission

To provide a healthy quality delicacy in a fast, friendly environment with
pride that ensures the customer's satisfaction

To create an industry where customer's satisfaction is the top priority

To offer a good delicacies at a budget friendly price and provide a excellent
service
Brief History of the Business
The second half of the 19th century, especially in the English-speaking
world, buffets became extremely popular for meals. Lunch, or an informal luncheon
which was originally a very light meal that was consumed between breakfast and
dinner, and often replacing dinners. The "buffet" restaurant, and at which time the
dining guests would stand while they eat their meal, or the luncheon served at small
tables where the dining guests would be seated.
This business begins in year 2023 in Sitio Bagong Daan Ermita, Balayan,
Batangas. It was where Taste of Balay open its first ever eatery, offering some home
delicacy-made inspired menus. The partnership of Ms. Jazmin O. Mallari and Ms.
Shiarra Mariell M. Mendoza understand that everyone preferred the home delicacy
when eating, shows that everyone is comfortable and the partners believed that
anyone who eats at their home, they might not have to hold themselves until they're
satisfied. Also, they believe that eating more homemade food can reduce your risk
of contracting foodborne illnesses.
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Chapter II
Marketing Analysis
Target Market
Balayenos will be the overall target market for Taste of Balay. Specifically,
the local students and commuters, and employees of Waltermart and Metro
Hospital will be the business's target market. This aims to assist and provide
customers that wants to eat healthy foods and refreshing beverages. Taste of Balay
will ensure that all servings can satisfy the target market's taste buds according to
their age, and everyone will experience goods and services with satisfaction.
Marketing Program

Social media influencer. This will help the business be recognized by
customers who have no idea about the business. As well as customers’ who
will make a review of the product and service through social media will
have a big impact on marketing of the business.

Word-of-mouth. This marketing strategy will help the business in sharing
about the business to other customers and influence other as to have an idea
about the business.
Product/Service Strategy
The business is inspired by a Filipino ancestral home vibes that will give
customers a feels like home vibes and a dish that tastes like a comfort food. Taste
of Balay will provide delicious and healthy dishes and beverages to the customers
and serve customers with a unique customer service. The food and drinks offered
can satisfy the customers that wants to save money but still want to consume a good
food and healthy dishes.
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Place Strategy
This business will be located at Sitio Bagong Daan, Brgy. Calzada Balayan,
Batangas where all people can easily see the location of the business. This location
is a good place since it’s at the center of Balayan and at the crossing where all
passengers, citizens of Balayan, bypasssers can see.
Promotion Strategy
Taste of Balay wants to be recognized and acknowledged by
customers and clients by utilizing the method of promotional activities.
Taste of Balay will executing the following activities:
1. As a result of these technological advances, Taste of Balay will post on
their social media platforms, such as Facebook and Instagram. This are
some of the most useful methods for advertising a business and one of the
most and cheapest successful methods of getting and reaching the word
out there.
2. Distributing flyers in a place where there’s a largest amount of individual
around District 1.
3. Taste of Balay will give a promos and discounts at the soft launch at the
first day of opening.
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Pricing Strategy
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Chapter III
Management and Organizational Aspect
Form of Ownership
“Taste of Balay” eatery is a partnership owned by two (2) people. A
partnership is a form of business where two or more people share ownership besides
the responsibility for managing the company and the income or losses the business
generates. Moreover, income tax is not paid by the partnership itself. After profits
or losses are divided among the partners, each partner pays income tax on their tax
return.
The owners, Ms. Jazmin Claire O. Mallari and Ms. Shiarra Mariell M.
Mendoza have a legal relationship by a written agreement between the owners.
Both have an equal ownership interest and shares in the decision-making process,
regardless of the money they initially contribute to the partnership.
Organizational Structure
Owner
Cook
Waiter
Dishwasher
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Job Analysis
COOK
Responsibilities:




Prepare the kitchen with cooking utensils and equipment like
knives, pans, and kitchen scales
Study each recipe and garner the ingredients needed
Ensure appealing plate presentation
Ensure compliance with all health and safety regulations within the
kitchen area
Qualifications:





Male or Female
Proven work experience as a cook
Hands-on experience with various kitchen equipment
Excellent time management abilities
High School diploma preferred
WAITER/ WAITRESS
Responsibilities:



Providing excellent wait service to ensure satisfaction
Taking customer orders and delivering food and beverages
Making menu recommendations, answering questions, and sharing
additional information with restaurant patrons
Qualifications:




Male or Female
Active listening and effective communication skills
Attentiveness and patience for customers
Strong organizational and multitasking skills, with the ability to
perform well in a fast-paced environment.
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DISHWASHER
Responsibilities:




Collecting used kitchenware from dining and kitchen areas
Washing specific items by hand (e.g., wooden cutting boards, large
pots, utensils, etc.)
Remove garbage regularly
Sanitize the kitchen area, including the floor
Qualifications:
 Male or Female
 Ability to follow instructions and help with various tasks, as
needed
 Time management skills
 Attention to detail and sanitation rules
Compensation Schedule
Cook
₱600.00 / daily = ₱18,600.00 / monthly
Waiter
₱450.00 / daily = ₱13,950.00 / monthly
Dishwasher
₱450.00 / daily = ₱13,950.00 / monthly
Business Schedule
Taste of Balay is open every Monday to Saturday from 8:00 am to 4:00 pm,
while every Sunday, it will be open from 8:00 am to 3:00 pm. All staffs from lowest
to highest position must be there on time before 7:00 am to check and to clean some
things needed in the business operation hours.
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Chapter IV
Production and Technical Aspects
Description of the Project
A workplace is a setting where employers and employees carry out their
work. Various aims, objectives, procedures, evaluations of site risk, waste
management, and workplace etiquette can be adopted to facilitate the use of the
process of operation and to ensure that things run smoothly in the workplace.
Taste of Balay seeks to be one of the internal quick responsive services in
all food industries throughout the town. It also aims to deliver a good quality of
delicacy that can be different from other Food industries, providing a good service
that can attract clients. In terms of disposal of waste, Taste of Balay will also be
environmentally sustainable because it uses ethical methods for getting rid of
residual leftovers. Implementing rules, regulations, and guidelines at work will aid
in running and managing the business. Employees at Taste of Balay are amiable
and will entertain customers and their co-workers with a bright smile and
consideration to show respect and hospitability.
The management of the Taste of Balay team has a plan to mitigate the risks
at work. Environmental risk is one of the most common risk factors that every
business has. Taste of Balay is in Sitio Bagong Daan, Barangay Calzada, Balayan,
Batangas. The team management evaluates all potential dangers, such as floods,
loud noises that could interfere with communications, and the workload during
busy periods. Additionally, the dress codes of the employees all adhere to positionspecific attire to maintain uniformity at work. To prevent certain things and ensure
quality control, all employees inside and outside the kitchen should wear an apron,
a hairnet, and gloves.
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Materials and Supplies
Pork Meat
₱300.00 /kilo
Source: Public Market
Chicken meat
₱140.00 /kilo
Source: Public Market
Beef tapa
₱350.00 /kilo
Pork is the culinary
name for the meat of the
pig. It is the most
consumed
meat
worldwide,
with
evidence
of
pig
husbandry dating back
to 5000 BCE.
Chicken is the most
popular type of poultry,
and it is the second most
consumed meat in the
world.
Beef is the culinary
name for meat from
cattle.
Source: Public Market
Longganisa
₱60.00 /bundle
Source: Public Market
Ham
₱60.00 /bundle
Source: Public Market
Longganisa is a Spanish
sausage like a chorizo
and closely associated
with the Portuguese
linguiça.
Ham is pork from a leg
cut that has been
preserved by wet or dry
curing, with or without
smoking.
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Hotdog
₱180.00 /kilo
Source:Public Market
Dried fish
₱180.00 /kilo
Source: Public Market
Dried fish (Tinapa)
₱399.00 /kilo
Source:Public Market
Egg
₱120.00 /tray
Source: Public Market
Is a food consisting of a
grilled or steamed
sausage served in the
slit of a partially sliced
bun.
Fresh
fish
rapidly
deteriorates
unless
some way can be found
to preserve it. Dried fish
comes with a great
complimentary
with
other dishes.
Fish
cooked
or
preserved through the
process of smoking. It is
a native delicacy in the
Philippines and is often
made from blackfin
scad, or from milkfish,
which is locally known
as bangus.
Due to such versatility,
the egg is considered a
primary ingredient in
culinary preparation,
providing
moisture,
structure, and richness
in dishes.
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Corned beef
₱1,650 /box
Source: Public Market
White Corn
₱80.00 /kilo
Source: Public Market
Malunggay
₱30.00 /bundle
Source: Public market
Kang Kong
₱140.00 /kilo
Source: Public Market
Is salt-cured brisket of
beef. Corned beef is
featured
as
an
ingredient in many
cuisines
The more common type
of
corn
in
the
Philippines is puting
mais (white corn),
which is stouter and less
slender.
A
fast-growing,
drought-resistant tree of
the
family
Moringaceae, native to
the Indian subcontinent.
Common
names
include
moringa,
drumstick
tree,
horseradish tree, and
ben oil tree or benzolive
tree.
Widely known as water
spinach, is a semiaquatic, tropical plant
grown as a vegetable for
its tender shoots.
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Cabbage
₱ 80.00 /kilo
Source: Public Market
Napa Cabbage
₱60.00 /Kilo
Source: Public Market
Eggplant
₱50.00 /kilo
Source: Public Market
String beans
₱70.00 /kilo
Source: Public Market
Leafy vegetable has a
thick white stalk and
dark green leaves that
are either smooth or
crinkled. Bok choy can
be found in different
sizes, ranging from
small to large.
It still has the fibrous
stem but it’s much
bigger and more tender
than
its
smaller
cousins. Plus, it has
more in common with
the real cabbage than
the pechay so it can be
used just as you would
cook the cabbage.
Long and purple with a
trademark green stem,
eggplant is one of the
most
common
ingredients you can
find in Philippines
dishes and it’s a very
versatile ingredient.
String beans usually
provide a good deal of
crunch amid tender
textures of meat or
some root vegetables,
which is why it is so
well-used
in
our
cuisine.
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Green Chili
₱410.00 /kilo
Source: Public Market
Potato
₱85.00 /kilo
Source: Public Market
Carrots
₱85.00 /kilo
Source: Public Market
Papaya
₱40.00 /kilo
Source: Public Market
One of two kinds of chili
common
to
the
Philippines and Filipino
cuisine, the other being
siling labuyo. It uses to
provide a strong aroma in
dishes.
Potatoes might be one of
the world's most versatile
foods.
They're
inexpensive, flavorful,
nutritious, and you can
cook them in hundreds of
ways. Also, it provides
starches.
Carrots are a root
vegetable that have long
been an integral part of
human cuisine. They're
high in vitamin A,
although the cooking
process can affect the
availability
of
this
vitamin.
Papaya is one of the most
nutritious fruits. This
bright orange fruit is a
regular at most of our
breakfast tables. Not just
the sweet fruit but its
leaves, seeds and flowers
have been also used
widely for culinary and
therapeutic purposes.
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Pickles
₱200.00 /tub
Source: Public Market
Cucumber
₱170.00 /kilo
Source: Public Market
Tomato
₱35.00 /kilo
Source: Public Market
Garlic
₱120.00 /Kilo
Source: Public Market
Onion
₱170.00 /Kilo
Source: Public Market
A liquid usually prepared
with salt or vinegar for
preserving or flavoring
fish,
meat,
and
vegetables.
A long, thin vegetable
that has a dark green
outer skin and is pale
green inside: Cucumbers
are usually sliced and
serve as a side dish.
Tomatoes is technically
fruit it is used for
nutritional and culinary
purposes, tomatoes are
also
considered
a
vegetable due to its
nutrient content.
Garlic is a superstar
ingredient that gives us a
nutritional punch and
adds wonderful flavour
to many recipes.
An onion, also known as
the bulb onion or
common onion, is a
vegetable that is the most
widely cultivated species
of the genus Allium.
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Salt
₱50.00 /kilo
Source: Public Market
Pepper
₱250.00 /kilo
Source: Public Market
Alamang
₱100.00 /tub
Salt is perhaps most well
known as a food
preservative
and
flavoring agent.
This was Used as a spice
and seasoning. The fruit
is a drupe which is about
5 mm in diameter, dark
red, and contains a stone
which encloses a single
pepper seed.
Small shrimp paste, often
used to make bagoong.
Source: Markets
Atchara
₱100.00 /container
Source: Public Market
A pickle made from
grated unripe papaya
originating from the
Philippines. This dish is
often served as a side
dish for fried or grilled
foods.
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Condiments (Soy
sauce and vinegar)
₱65.00 /liter
Source: Public Market
Coconut milk
₱30.00
Source: Public Market
Peanut butter
₱70.00 /container
Source: Public Market
Sago
₱130.00 /kilo
Source: Public Market
Condiment is a
preparation that is
added
to
food,
typically
after
cooking, to impart a
specific flavor, to
enhance the flavor,
or to complement the
dish.
The opacity and rich
taste of coconut milk
are due to its high oil
content, most of
which is saturated
fat.
Peanut butter is a
food paste or spread
made from ground,
dry-roasted peanuts.
It
commonly
contains additional
ingredients
that
modify the taste.
Dry granulated or
powdered
starch
prepared from the
pith of a sago palm
and used in foods and
refreshments
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Tea
₱140.00 /kilo
Source: Public Market
Condensed Milk
₱71.00 /can
Source: Public Market
All-purpose cream
₱58.00
Source: Public
Market
Gulaman powder
₱70.00 /box
Source: Public Market
Though it is usually
served in a glass with
ice, it can refer to any
tea that has been
chilled or cooled.
It is in the form of
sweetened
condensed milk, to
the extent that the
terms
"condensed
milk"
and
"sweetened
condensed milk" are
often
used
interchangeably
today.
Cream
that
is
applicable for both
dessert and savory
dishes.
A bar, or powdered
form, of dried agar or
carrageenan used to
make
jelly-like
desserts.
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Ice cream
₱15.00 /cup
Source: Public Market
A dessert in which to
lessen on the food
hangover also called
as a refreshment
Machineries and Equipment
An on/off commercial
rice cooker is ideal for
₱1,400.00
restaurants, convenience
Source: Market Research stores, and vending
machines. It cooks rice
quickly and efficiently
and has a large capacity.
It is simple to use and
features a push button
operation.
It
will
automatically shut off
when the rice is done.
Rice Cooker
Gas Stove
Gas stoves are made to be
used only for cooking
₱1,099.00
food. Never use your
Source: Market Research stove for heating your
home, as keeping the
stove lit for extended
amounts
of
time
increases the likelihood
of a gas leak. If you have
a gas oven, it also should
not be used for heating
rooms.
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Pan (Kawali)
₱400.00
Source: Market research
Pot (Kaldero)
₱1,200.00
Source: Market research
Other than frying, the
Kawali is also used
for cooking
various
dishes like stir-fried
noodles, and vegetables,
making it an essential
kitchen tool for Filipinos.
Iron or earthenware
cooking pot; used for
stews. a metal pot for
stewing
or
boiling;
usually has a lid.
A buffet tray is used to
keep food that is already
₱860.00
cooked warm. Typically,
Source: Market Research these dishes will be
arranged in a buffet line
and customers will serve
themselves
Buffet Tray
Steel Kitchen Knife Set
Available
in
a
wide
variety of different types
₱1,239.00
Source: Market Research and sizes, a knife is used
for cutting,
chopping,
dicing, slicing, mincing,
peeling, separating, and
other kitchen tasks.
31
A plate is a broad, mainly
Rattan/Native Reusable flat vessel on which food
Plate
can be served.
₱22.00
Source: Market Research
A bowl is a round
container with a wide
₱139.00
uncovered top. Some
Source: Market Research kinds of bowl are used,
for example, for serving
or eating food from, or in
cooking, while other
larger kinds are used for
washing or cleaning.
Bowl
Fork and Spoon
₱217.00
Source: Market Research
Glass
₱198.00
Source: Market Research
32
Water dispensers, called
water coolers, are devices
₱1,294.00
that dispense cold, warm
Source: Market Research or
normal
roomtemperature
water.
Everyone knows the
importance of drinking
enough water daily to
stay
hydrated
and
healthy.
A table is a piece of
Monoblock Table
furniture with a flat top
₱1,980.00
supported by one or more
Source: Market Research legs. We put things on a
table, often for a short
time, for example food
and knives and forks, etc.
at a meal, cups for drinks,
a book, a map, writing
paper when writing, and
things for hobby.
A seat designed to be
Monoblock Chair
used during mealtimes, at
₱388.00
a dining table.
Source: Market Research
Water Jug Cooler
Fans circulate air to cool
and ventilate rooms and
₱600.00
to control humidity.
Source: Market Research Heating, ventilating, and
air-conditioning systems
of all sizes use fans to
move air through ducts,
coils, filters, and building
spaces.
Electric fan
33
Plant Location
“Taste of Balay” is located at Sitio Bagong Daan, Barangay Calzada,
Balayan, Batangas. It is easy to find because it is in crossing alongside Waltermart
Balayan and Jollibee Uptown.
34
Plant Layout
35
Building and Facilities
The 400 square meters of this business's facility are divided into four
sections: the kitchen, pantry or stock room, the comfort room, and the counter,
which houses the buffet tables and dining tables and chairs. The kitchen comes first,
where food is cook before being given to consumers. Second, a pantry or stock
room to keep the restaurant's necessary supplies and resources. Then a comfort
room was put in to guarantee clients' comfort. Lastly is the counter where customers
order and pay.
Waste Disposal
Waste is categorized as non-biodegradable, biodegradable, and recyclable.
Plastics, vegetable peels, and plate waste are biodegradable, while wastes that is
compose, such as glass and metals that breaks in kitchen is non-biodegradable.
Recyclables are like plastic of the condiments bottle. These will be disposed of by
public garbage trucks that make rounds every day between 3:00 and 4:00 a.m.
36
Chapter V
Financial Aspect
TOTAL PROJECT COST
The firm owners would invest roughly ₱3,000,000.00 to implement this
concept. The land and building, as well as the supplies, machinery, equipment, and
other needs the company will require when it starts up will all be purchased with
this money.
SOURCES OF FINANCING
Some businesses generate enough revenue to support themselves initially.
However, others take months or even years to earn enough cash to cover the
necessary expenses.
INITIAL CAPITAL REQUIREMENTS
Every stage of the enterprise's creation, marketing strategy, and marketing
action calls for spending money in some way. Building and land costs, tools,
equipment, materials, supplies, wages, taxes, and electricity costs be covered.
Many people misjudge how much money is needed to launch a thriving business.
One of the main reasons businesses fail is a lack of understanding of the financial
needs of operating one. The startup cash for the firm will be ₱3,000,000.00.
37
TASTE OF BALAY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 2023
₱ 7,234,200.00
Sales Revenue
Less: Operating Expenses
Supplies Expense
₱ 2,752,216.00
Salaries Expense
₱
558,000.00
Rent Expense
₱
90,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
₱ 3,650,289.00
Net Income before tax
₱ 3,583,911.00
Less Income tax expense 20%
₱ 717,382.00
Net Income after tax
₱ 2,866,529.00
38
TASTE OF BALAY
CHANGES IN OWNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 2023
Mallari, Capital
₱ 500,000.00
Add: Net Income
₱ 1,433,264.20
Mallari’s Ending Capital
₱ 1,933,264.20
Mendoza, Capital
₱
Add: Net Income
₱ 1,433,264.20
500,000.00
Mendoza’s Ending Capital
₱ 1,933,264.20
TASTE OF BALAY
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 2023
Operating
₱ 7,234,200.00
Sales
Supplies Expense
₱ 2,752,216.00
Salaries Expense
₱
558,000.00
Rent Expense
₱
90,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
Tax
₱
717,382.00
₱ 4,367,671.00
₱ 2,866,529.00
Cash at the Beginning Period
₱ 2,866,529.00
39
TASTE OF BALAY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 2023
ASSET
Current Asset
Cash
₱
Supplies
₱ 2,752,216.00
885,261.20
₱ 3,637,477.20
Total Current Asset
Non- Current Asset
₱
Fixtures
80,000.00
₱
16,000.00
Accumulated Depreciation
₱
41,262.80
Total Non- Current Asset
₱
229,051.20
Total Asset
₱ 3,866,528.40
Accumulated Depreciation
₱
Equipment
206,314.00
Liabilities and Owner’s Equity
Owner’s Equity
Mallari, Capital
₱ 1,933,264.20
Mendoza, Capital
₱ 1,933,264.20
Total Liabilities and Owner’s Equity
₱ 3,866,528.40
40
TASTE OF BALAY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 2024
₱ 6,521,400.00
Sales Revenue
Less: Operating Expenses
Supplies Expense
₱ 2,752,216.00
Salaries Expense
₱
558,000.00
Rent Expense
₱
90,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
₱ 3,650,289.00
Net Income before tax
₱ 2,871,111.00
Less Income tax expense 20%
₱ 574,222.02
Net Income after tax
₱ 2,296,888.08
TASTE OF BALAY
CHANGES IN OWNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 2024
Mallari, Capital
₱ 1,933,264.20
Add: Net Income
₱ 1,148,444.04
Mallari’s Ending Capital
₱ 3,081,708.06
Mendoza, Capital
₱ 1,933,264.20
Add: Net Income
₱ 1,148,444.04
Mendoza’s Ending Capital
₱ 3,081,708.06
41
TASTE OF BALAY
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 2024
Operating
₱ 6,521,400.00
Sales
Supplies Expense
₱ 2,752,216.00
Salaries Expense
₱
558,000.00
Rent Expense
₱
90,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
Tax
₱
574,222.02
₱ 4,224,511.02
₱ 2,296,888.08
Cash at the Beginning Period
₱ 2,866,529.00
Cash Balance at the Ending Period
₱ 2,296,888.08
42
TASTE OF BALAY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 2024
ASSET
Current Asset
Cash
₱ 3,182,150.00
Supplies
₱ 2,752,216.00
₱ 5,934,366.00
Total Current Asset
Non- Current Asset
₱
Fixtures
80,000.00
₱
16,000.00
Accumulated Depreciation
₱
41,262.80
Total Non- Current Asset
₱
229,051.02
Total Asset
₱ 6,163,417.02
Accumulated Depreciation
₱ 206,314.00
Equipment
Liabilities and Owner’s Equity
Owner’s Equity
Mallari, Capital
₱ 3,081,708.06
Mendoza, Capital
₱ 3,081,708.06
Total Liabilities and Owner’s Equity
₱ 6,163,417.02
43
TASTE OF BALAY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 2025
₱ 7,968,600.00
Sales Revenue
Less: Operating Expenses
Supplies Expense
₱ 3,027,434.06
Salaries Expense
₱
558,000.00
Rent Expense
₱
100,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
₱ 3,935,507.06
Net Income before tax
₱ 4,033,092.04
Less Income tax expense 20%
₱
Net Income after tax
₱ 3,226,473.92
806,618.48
TASTE OF BALAY
CHANGES IN OWNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 2025
Mallari, Capital
₱ 3,081,708.06
Add: Net Income
₱ 1,613,236.96
Mallari’s Ending Capital
₱ 4,694,945.56
Mendoza, Capital
₱ 3,081,708.06
Add: Net Income
₱ 1,613,236.96
Mendoza’s Ending Capital
₱ 4,694,945.56
44
TASTE OF BALAY
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 2025
Operating
₱ 7,968,600.00
Sales
Supplies Expense
₱ 3,027,434.06
Salaries Expense
₱
558,000.00
Rent Expense
₱
100,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
Tax
₱
806,618.48
₱ 4,742,126.08
₱ 3,226,473.92
Cash at the Beginning Period
₱ 2,296,888.08
Cash Balance at the Ending Period
₱ 3,226,473.92
45
TASTE OF BALAY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 2025
ASSET
Current Asset
Cash
₱ 6,133,405.32
Supplies
₱ 3,027,434.06
₱ 9,160,839.92
Total Current Asset
Non- Current Asset
₱
Fixtures
80,000.00
₱
16,000.00
Accumulated Depreciation
₱
41,262.80
Total Non- Current Asset
₱
229,051.02
Total Asset
₱ 9,389,891.12
Accumulated Depreciation
₱ 206,314.00
Equipment
Liabilities and Owner’s Equity
Owner’s Equity
Mallari, Capital
₱ 4,694,945.56
Mendoza, Capital
₱ 4,694,945.56
Total Liabilities and Owner’s Equity
₱ 9,389,891.12
46
TASTE OF BALAY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 2026
₱ 7,968,600.00
Sales Revenue
Less: Operating Expenses
Supplies Expense
₱ 3,213,816.00
Salaries Expense
₱
734,400.00
Rent Expense
₱
120,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
₱ 4,318,289.00
Net Income before tax
₱ 3,650,311.00
Less Income tax expense 20%
₱
Net Income after tax
₱ 2,920,248.08
730,062.02
47
TASTE OF BALAY
CHANGES IN OWNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 2026
Mallari, Capital
₱ 4,694,945.56
Add: Net Income
₱ 1,460,124.04
Less: Withdrawal
₱
125,000.00
Mallari’s Ending Capital
₱ 6,030,069.96
Mendoza, Capital
₱ 4,694,945.56
Add: Net Income
₱ 1,460,124.04
Less: Withdrawal
₱
Mendoza’s Ending Capital
175,000.00
₱ 5,980,069.96
48
TASTE OF BALAY
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 2026
Operating
₱ 7,968,600.00
Sales
Supplies Expense
₱ 3,213,816.00
Salaries Expense
₱
734,400.00
Rent Expense
₱
120,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
Tax
₱
730,062.02
₱ 5,048,351.20
₱ 2,920,248.08
Cash at the Beginning Period
₱ 3,226,473.92
Cash Balance at the Ending Period
₱ 2,920,248.08
49
TASTE OF BALAY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 2026
ASSET
Current Asset
Cash
₱ 8,567,272.72
Supplies
₱ 3,213,816.00
₱ 11,781,088.72
Total Current Asset
Non- Current Asse
₱
Fixtures
80,000.00
₱
16,000.00
Accumulated Depreciation
₱
41,262.80
Total Non- Current Asset
₱
229,051.02
Total Asset
₱ 12,010,139.92
Accumulated Depreciation
₱
Equipment
206,314.00
Liabilities and Owner’s Equity
Owner’s Equity
Mallari, Capital
₱ 6,155,069.96
₱
125,000.00
Less: Withdrawal
₱
175,000.00
Total Liabilities and Owner’s Equity
₱ 12,010,139.92
Less: Withdrawal
Mendoza, Capital
₱ 5,980,069.96
50
TASTE OF BALAY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 2027
₱ 7,255,800.00
Sales Revenue
Less: Operating Expenses
Supplies Expense
₱ 3,213,816.00
Salaries Expense
₱
734,400.00
Rent Expense
₱
120,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
₱ 4,318,289.00
Net Income before tax
₱ 2,937,511.00
Less Income tax expense 20%
₱
Net Income after tax
₱ 2,350,008.08
587,502.02
51
TASTE OF BALAY
CHANGES IN OWNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 2026
Mallari, Capital
₱ 6,030,069.96
Add: Net Income
₱ 1,175,004.04
Less: Withdrawal
₱ 1,500,000.00
Mallari’s Ending Capital
₱ 5,705,074.36
Mendoza, Capital
₱ 5,980,069.96
Add: Net Income
₱ 1,175,004.04
Less: Withdrawal
₱
Mendoza’s Ending Capital
55,000.00
₱ 7,100,074.36
52
TASTE OF BALAY
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 2027
Operating
₱ 7,255,800.00
Sales
Supplies Expense
₱ 3,213,816.00
Salaries Expense
₱
734,400.00
Rent Expense
₱
120,000.00
Utilities Expense
₱
16,370.00
Advertising Expense
₱
2,500.00
Administrative Expense
₱
24,889.00
Depreciation Expense
₱
206,314.00
Tax
₱
587,502.02
₱ 4,905,791.20
₱ 2,350,008.80
Cash at the Beginning Period
₱ 2,920,248.08
Cash Balance at the Ending Period
₱ 2,350,008.80
53
TASTE OF BALAY
BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 2027
ASSET
Current Asset
Cash
₱ 9,362,281.52
Supplies
₱ 3,213,816.00
₱ 12,576,097.52
Total Current Asset
Non- Current Asset
₱
Fixtures
80,000.00
₱
16,000.00
Accumulated Depreciation
₱
41,262.80
Total Non- Current Asset
₱
229,051.02
Total Asset
₱ 12,805,148.72
Accumulated Depreciation
₱
Equipment
206,314.00
Liabilities and Owner’s Equity
Owner’s Equity
Mallari, Capital
₱ 7,205,074.36
₱ 1,500,000.00
Less: Withdrawal
Mendoza, Capital
₱ 7,155,074.36
Less: Withdrawal
₱
55,000.00
Total Liabilities and Owner’s Equity
₱ 12,805,148.72
54
Chapter VI
Contribution
Contribution to the Philippine Economy
Business is also called an asset of a government, Taste of Balay brings
innovation to the government as a contribution embracing some challenges that will
turn out as an opportunity at some point, having effective management is like
having a nurtured and encouraging industries. Through investment, the firms also
drive the economy. Small business contributes to the economy by stimulating
investment by doing this or even demonstrating the ability to do these two things.
Small enterprises help local economies by contributing growth and innovation to
the community where they are situated. It also contributes to economic
development by employing people who couldn't work in larger companies.
Contribution to the Government Revenue
Taste of Balay will always ensure that they pay the correct number of taxes
regularly because no government can operate without it. Incorporating it in
individual and business earnings and wealth accumulation, as well as products and
services produced, exported, and imported. It cannot advance people's well-being.
Taste of Balay services, through the assistance of governments, can protect locally
made items from import competition by imposing higher custom taxes, in addition
to properly managing and dispersing the nation's wealth.
55
Contribution to the Community Household
Small enterprises are job creators, and most of those jobs are local jobs.
Employees work closer to where they reside rather than commuting to another city.
Supporting local businesses also helps your fellow community members who work
at them. A bustling commercial hub in a town creates more opportunities for these
workers to purchase goods at other local small enterprises. In addition,
the contribution of our product to the community household is adequate.
56
Executive Summary
Taste of Balay is an Eat all you can buffet food industry Partnership
business that provides a Savory dishes and good service to the customers. Taste of
Balay also provide a good ambience of home vibes which maybe the factor for the
customer may feel comfortable inside the eatery. The name "Taste of Balay" came
up and inspired to the dishes that is being served by our love ones at home because
the company believes that "Home delicacies was the best among all servings in the
table".
However, in marketing aspects, Taste of Balay primary target market is the
Balayeños despite of their ages, The Business is for all those who wants to have a
new set of experience wherever they are Taste of Balay will be their home. On top
of that, in order to advertise the business, The Taste of Balay owner's marketing
program must to reach in all the Primary Target market of the business by means
of Social Medias and social media influencers that may boost the Reaching of the
target customers around Batangas, Word of mouths can be a factor in reaching those
customers by means of Introducing this business.
Though there are many competitors Taste of Balay take advantage of peak
hours of the competitors ensuring that the eatery can attract more customers. the
location is well known, and lastly, very accessible, and easy to find, especially for
those who live in the area. Taste of Balay organizational structure is composed of
Owner, cook, waiter and dishwasher. Around its operational Hours. The Business
is open around 8:00 am to 4:00 pm in weekdays and 8:00 am to 3:00 am in Sundays
The owners, Ms. Jazmin Claire O. Mallari and Ms. Shiarra Mariell M.
Mendoza have a legal relationship by a written agreement between the owners.
There the ones Who invested roughly of ₱3,000,000.00 as an initial capital pf the
business As capital being stated, it will be used for the opening of the business
which includes the fixtures of the space rented, machineries, equipment's, supplies,
and raw materials needed for the establishment of the business. In contribution
around economy, revenue and community, Taste of Balay can harness it potential
to contribute for the development of economy or to add revenue and can open some
opportunity, The business contributes to government revenue by paying taxes,
funding national projects, and providing employment opportunities for skilled
individuals to assist community households at fair wages.