Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
1
CHAPTER I
Introduction
Background of the Study
Karaoke is an activity where people sing different songs. The words to sings are
displayed on a TV screen where people sing them out loud. Karaoke was invented in
Japan in the 1980s and became popular around the world in the 1990s. The global
karaoke market is estimated to be worth $10 billion.
KTV is a good channel to express your soul through songs and to connect to
people.
A KTV provides karaoke rooms which accommodate the guests while they
entertain their selves through singing. These rooms are decorated with party lights and
comfortable sofas. You can choose different songs you want to sing by using a remote
control or application from your phone. You can also order food and drinks which you
are allowed to consume inside the karaoke room. The price of renting a karaoke room
will depend on the number of hours the guest stays.
Given that there is an established market for karaoke worldwide and new markets
are emerging, the group was able to conceptualize a KTV Station to be located in
Victorias City.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
2
SING OUT LOUD is a KTV station that you can enjoy, relax and feel
comfortable with your family, friends, and your loved ones. You can dine in while
ordering your favorite food from the meal stations within the premise of the KTV Station.
At Sing Out Loud, each of our karaoke LCD television units contains a wide variety of
songs: English, Tagalog, Korean, Chinese and Japanese. From songs of the past to the
hits of today. Have fun while you muse over memories to the tune of great music, one
that’s made even better by our top-of-the-line audio equipment. Brace yourselves with
our latest digitally equipped sound technology and get those vocals soaring like a star.
Sing Out Loud is a KTV station that accommodates patrons who desire to
bond with their families and indulge t he m i n pa m pe ri ng se rvi c e s l i ke
re l a xi ng a nd e nj oyi n g or si m pl y indulge them with treats like food,coffee a nd
t he l i ke . These services showcase the stronger emotional bonds between family and
friends. The business is not exclusively for patrons who loves singing but, it also
caters to customers who merely wish to sing like a star or interact with their fellow
friends.We simply hope to bring great customer service and to fulfil the satisfaction and
meet expectations of the customers.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
3
Statement of the Problem
The objective of the study is to determine the feasibility, marketability, and
profitability of putting up a KTV in Victorias City.
Specifically, the study seeks to answer the following question:
1. what; design of organizational structure is suitable for this type of business?
2. what; effective marketing strategies can be used for a KTV station?
3. what; technical requirements and operational flows are necessary for the
business to run properly?
4. what; financial approach will be used to develop a sound 5-year financial
projection for the business?
5. what; are the possible socio-economic impacts of the business to the local
community?
Scope and Limitations
This study aims to examine the feasibility of setting up a KTV station in Victorias
City. Demand estimation is done through survey of 364 people in Brgy.I, Victorias City.
The Slovin Formula is used to determine the sample size. In terms of the location’s
availabilty, there is uncertainty if the owner has other plans for the site.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
4
Project Site
Figure 1 shows the site of the project. The Sing Out Loud proposed business will
be located at Osmeña Avenue, Victorias City. The site was chosen because of its strategic
location, where potential target market traffic is high. Also, the location is accessible to
various people since it is located along the highway.
Figure 1. Project Site
Vicinity Map
The figures below show the area of the proposed business which will be easily
recognized because it is exposed along Osmeña Avenue in front of Betty Bantug Benitez
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
5
Figure 2. Vicinity Map.
Significance of the Study
The results of the study will be of great benefit to the following:
Community.
This study can help provide employment to the Victoriahanons and
other neighbouring cities and municipalities.
Entrepreneurs. This study can help the entrepreneurs in examining the potential of
a KTV business in terms of income generation, and other benefits that they might gain in
setting up the business.
The Researchers. Through this study, the current researchers are able to apply the
skills and theories they had learned. And to the future researchers, this study will serve as
reference to their future business plans and feasibility study.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
6
Local Economy. This study is beneficial to the local government through the
payment of the business’ taxes.
Potential Market. This is beneficial to them by providing them with satisfaction
through better business products and quality services.
Definition of Terms
KTV.
Stands for “Karaoke Television”, a form of interactive musical
entertainment.
Karaoke. A device that plays instrumental accompaniments for a selection of
songs to which the user sings along and that records the user's singing with the music
Vicinity. It refers to the area around or near a particular place; the quality or state
of proximity.
Market. A place where the products are bought and sold.
Innovation. It refers to the act or process of introducing new ideas or methods;
the introduction of something new.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
7
Significance. It is the quality of being important or the quality of having notable
worth or influence.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
8
CHAPTER II
Management Aspect
This chapter presents the business’ vision statement, mission statement, goals and
objectives. It also includes the organizational structure, job descriptions, personnel plan
and mandatory benefit plan.
Vision Statement
To be one of the best known and the only KTV station that serves and satisfies the
customers’ need for enjoyment and relaxation in a budget-friendly way.
Mission Statement
To provide high quality services with clean, relaxing ambiance, building stronger
emotional bonds between family and friends, and entertainment with touch of modern and
classic music. Provide customer delight, and to value the use of money as we offer great
services in an affordable price.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
9
Objectives
The following are the identified objectives of the business:
1. To provide and serve the customers a variety of good quality products in
Budget-friendly prices;
2. To provide excellent services to the customers that will create a good
customer relationship;
3. Exceed the expectations of the customers to maintain loyalty;
4. To contribute to the development of the local economy;
5. To learn about the problem and working as a team;
Form of Business Ownership
Business entity is an organization that uses economic resources or inputs
to provide goods or services to customers in exchange for money or other goods and
services. The production and distribution of Sing Out Loud under partnership is a
business owned by two or more persons who contribute resources into the entity. The
partners divide the profit of the business among them selves. Business partners allow
each other to share the workload and to combine skills. Under partnership, the business
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
10
can be enriched by having a solid team mate. The table below shows the amount
contributed by each partner:
Table 1. Partners’ Contribution
NAME OF PARTNERS
CONTRIBUTION (in pesos)
Nidbe Apuhin
2,000,000.00
Janine Catalan
2,000,000.00
Russell Mabilog
2,000,000.00
Rose May Ochosa
2,000.000.00
Missy Sumugat
2,000,000.00
TOTAL
Php10 ,000,000.00
The remaining balance on budgeted cost of Php2,725,471.00 will be bank loaned.
Every year the company will pay the amount of Php500,000.00.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
11
Organizational Structure
The figure below shows the organization’s structure.
Organizational Structure
MANAGER
Receptionist/Cashier
BOOK KEEPERS
ROOM OPERATOR
MAINTENANCE
HOUSEKEEPERS
Figure 3. The figure below shows the organization’s structure.
SECURITY
GUARD
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
12
Job Description and Job Specification
This table represents the requirements and qualification that the applicants must
submit and comply
Table 2. Job Description and Job Specification
Position
Job Description
Manager
The manager is responsible
Job Specification

Male or Female.

College graduate of any
for overseeing and leading the
work of a group of people in
many instances.
business course preferably
The manager is also
a Management graduate.
responsible for planning and
maintaining work system,

At
least
2
years
of
procedures, and policies that
experience in managing a
enable and encourage the
business.
optimum performance of its
people and other resources
within a business unit.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
13
Receptionist/Cashier
Is in-charge of receiving or

Male or Female
greeting any visitors, patrons

Must be a graduate of BS
or clients, and answer queries
Accountancy
and telephone calls.
Management Accounting
Assist customers in-store

check-in and check-out
processes.
Must
be
or
a
computer
literate

Assign rooms to the
Good
customer
service
attitude
customers.
In-charge billing and settling
of bills.
Maintenance
Oversees safekeeping and

Male
monitors availability of

With work experience
supplies and materials for

Able to do Multitask (AC
building repair and
tech., Electrical, Painting,
maintenance the utility
Basic
system.
knowledge
carpentry,
in
Audio/Video connection.

Hardworking, Trustworthy
and;
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
14

Willing
to
work
in
Victorias City
Book keeper
Performs bookkeeping and

Minimum 2 years diploma
payroll duties including staff
in a related field, with a
and client payrolls .
second year.
Answers phone and in person

Must
have
excellent
inquiries with regard to client
computer
skills
payroll.
willingness
to
and
upgrade
computer skills

Answer telephones, direct
calls and take messages.
Room Operator
In-charge serving orders to

the customers, and provide
assistance in the operation of
Shoud
have
excellent
communication skills

Flexible to work longer
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
15
the designated KTV rooms.
hours as
per business
demand.

Technical
skills
operating
in
karaoke
equipments.
Security guard
He is responsible for securing

the safety of customer or
people inside the business.
Must
have
pleasant
personality

Must at least 2 years of
Secures premises and
experience for being a
personnel by patroling
Security guard
property; Monitoring

Male or Female
surveillance equipment;

Must have completed at
inspecting buildings,
least his or her secondary
equipment, and access points;
course
permitting entry.

Must have at least 2 years
Prevents losses and damage
of
by reporting irregularities;
security guard under a
informing violators of policy
legit agency
and procedures; restraining
trespassers.
experience
as
a
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
16
HOUSE KEEPING
He or she In-charge of basic

Male or Female
cleaning and maintains

High school diploma
cleanliness

Hard worker
Ensuring all rooms are cared

Handle basic maintenance
for and inspected according to
and cleaning
standards
Personnel Plan
The table on the next page shows the salaries and wages of the employees according
to position. This will be based upon the minimum salary of Bacolod City. The business is
open every day considering employees day - off according to their schedule. Giving of
salaries shall be made every 15th and 30th day of the month.
Table 3. Personnel Plan
Number
Employees
1
2(1 person
shift)
1
2(1 person
of
Position
Manager
per Receptionist/
Cashier
Book keeper
per Maintenance
800.00
Basic
Monthly
Subtotal
Salaries
(in pesos)
800.00
20,800.00
400.00
800.00
20,800.00
249,600.00
570.00
395.00
570.00
790.00
14,820.00
20,540.00
177,840.00
246,480.00
Rate
or Pay
Annual
Salaries
(in pesos)
249,600.00
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
17
shift)
4(1 person
shift)
2(1 person
shift)
2(1 person
shift)
per
per
per
Room operator
395.00
1,580.00
41,080.00
492,960.00
House keepers
395.00
780.00
20,540.00
246,480.00
Security guard
395.00
780.00
20,540.00
246,480.00
159,120.00
1,909,440.00
Total
Mandatory Benefit Plan
This table represent the yearly mandatory benefits received by employees.
Table 4. Mandatory Benefit
PERSONNEL
MANAGER
N
O.
OF
E
M
PL
O
YE
ES
N
O.
O
F
D
A
Y
S
1
26 800
DEDUCTION
GRO
RA
PHILSS
SSS
TE
HEALTH
MON
PER
THL
DA
Y
Y
EE
ER
EE
PAY ER
20,80
0
160
0.00
800.0
0
200.0
0
200.0
0
PAG-IBIG
ER
EE
100.0
0
100.0
0
TOT
AL
DED
UCTI
ON
NET
MON
THL
Y
PAY
13TH
MOT
H
PAY
1,100
19,70
0
20,80
0
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
18
RECEPTIONIS
T
2
26 400
BOOK
KEEPER
1
26
57
0
20,80
0
840.
00
420.0
0
200.0
0
200.0
0
100.0
0
100.0
0
720.0
0
20,08
0
20,80
0
14,82
0
1,16
0
580
200
200
100
100
880
13,94
0
14820
440.0
0
200.0
0
200.0
0
100.0
0
100.0
0
740.0
0
19,80
0.00
20,54
0.00
MAINTENANC
2
E
26 395
20,54
0
HOUSE
KEEPING
2
26 395
20,54
0
880.
00
440.0
0
200.0
0
200.0
0
100.0
0
100.0
0
740.0
0
19,80. 20,54
000
0.00
ROOM
OPERATOR
4
26 395
41,08
0
880.
00
440.0
0
200.0
0
200.0
0
100.0
0
100.0
0
740.0
0
19,80
0.00
41,08
0.00
SECURITY
GUARD
2
26 395
20,54
0
880.
00
440.0
0
200.0
0
200.0
0
100.0
0
100,0
0
740.0
0
19,80
0.00
20,54
0.00
159,1
20.00
7,12
000
3,560. 1,400. 1,400. 700.0
00
00
00
0
700.0
0
5,660. 153,4
00
60.00
159,1
20.00
TOTAL 1,909
PER
,440.
ANNUM 00
85,4
40
42,72
0
8,400
67,92
0
TOTAL
TOTAL
EMPLO
110,6
YER’S
40
CONTRI
BUTION
880.
00
16,80
0
16,80
0
8,400
1,841,
1,663,
520.0
560
0
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
19
TOTAL
EMPLOYEE
CONTRIBU
TION
67,92
0
TOTAL ANNUAL SA
LARIES AND BENEF 3,573,000.00
ITS
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
20
CHAPTER III
MARKETING ASPECT
Methodology
The authors came up into this plan by conducting a survey to 364 people from
Brgy.1, Victorias City randomly with same questionnaires. The respondents are students,
government and housewives, and other constituents of Victorias City. The following
figures show the results of the survey.
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
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Demand Analysis
Do you like to sing a song at KTV?
unlike
22%
like
78%
like unlike
Figure 4. This figure shows that 78% of surveyed prospects like to sing at
KTV.
Why do you go to KTV ?
Other
2%
Practice
8%
Relaxation
43%
Entertainmen
t
47%
Relaxation
Entertainment
Practice
Other
r
Figure 5. This figures shows that 47% of surveyed prospects goes for
entertainment every day.
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What kind of your music do you like?
Country
7%
POP
35%
POP
Hip Hop
8%
OPM
Modern
Rock
10%
Rock
Hip Hop
Country
Modern
20%
OPM
20%
Figure 6. This figure shows that 35% of surveyed prospects likes POP
genre.
Do you agree should be provide alcohol or not?
Disagree
45%
Agree
55%
Agree
Disagree
Figure 7. This figure shows that 55% of surveyed prospects say that we
should provide alcohol.
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On which day do you go in a KTV station?
Monday
7%
Tuesday
13%
Sunday
10%
Saturday
21%
Wednesday
13%
Friday
29%
Thursday
7%
Monday
Tuesday
Wednesday
Friday
Saturday
Sunday
Thursday
Figure 8. This figures show that 62% of surveyed prospects prefer Friday.
What time do you go to KTV station?
12:00MN 2:00AM
23%
9:00PM 12:00MN
32%
9:00AM 12:00NN
8%
12:00NN 3:00PM
15%
3:00PM 6:00PM
8%
6:00PM 9:00PM
14%
9:00AM - 12:00NN
12:00NN - 3:00PM
3:00PM - 6:00PM
6:00PM - 9:00PM
9:00PM - 12:00MN
12:00MN - 2:00AM
Figure 9. This figures show that 32% of surveyed prospects prefer 9PM12MN.
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Product/Services
Figure 10. The logo design is composed of different colours, symbols and
the uniqueness of design that has different meaning on it, that it can be easily
emphasize by the customer. Sing out loud slogan is “Sing as though no one can
hear.” Sing like no one is listening simply means that no matter how good or bad
you sing, you can sing to your heart’s content.
Our product is KTV station business for those people who want to enjoy and relax
together with their family, friends and loved ones. Our Karaoke Station has three floors:
(a) the first floor is intended for meal station rental space and the reception area; and (8)
for the second and third floor is thirteen (13) karaoke rooms all with variety of themes
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College of Business and Management
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and full of entertainment. In addition, our equipment’s are high technology, more
efficient, meet the standards, and update new songs all time.
Sing Out Loud will offer differentiated services in relation to KTV business. The service
offered will be made sure to be of best value. Our customers are going to be treated with
good music at all times, this will be played at the background to create the ambiance that
our customers will cherish. We will work hard to ensure that we only attract people with
the right mind-set to help us achieve our business goals and objective.
Our KTV Station will offer services that will gradually integrate the entire value chain.
The karaoke station is going to operate standard karaoke lounges in the heart of Victorias
City that will also make available assorted menus for the customers to choose from,
through the variety of meal stations in the premise. The comfort and positive ambiance of
the business will be maintained for the satisfaction of everyone. The business will also
hire quality, efficient, and friendly employees to serve wholeheartedly to the customers.
Employees are well - trained and had a good moral value. All of these are what Sing Out
Loud will possess to make marks to the customers and let the business gain the trust of
the market.
Sing Out Loud KTV has different theme in each room, themes room are Love
Room, Mobile Legend Room, K-pop Room, Musical Room, Rock Room, Princess Room
and a lot of themes that they can chose. However, our KTV room has a sound proof panel
for keeping the sound in each room.
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Place/Distribution Strategy
Location is one of the important factors of the business. Once the business is
located wisely, it will be easy and convenient for the customers to flock in the business.
The business will be located at Osmena Avenue, Brgy. I,Victorias City in front of the
Betty ‘Bantug’ Benitez Foundation Building. The location of the Singing out loud is
considered to be strategic because it is located in the buzz area of the city and can easily
be found by the customers. The distribution strategy to be used for the business will be
direct selling since the business will be responsible in providing a conducive place for
karaoke enjoyment and relaxation upon the customers purchase. This strategy would be
the best for this type of business since customers can just come and go. The meal
stations made available in the premise will serve food and beverages to family, group of
friends, office workers and students as well as to the excursionists.
Pricing Strategy
Sing Out Loud has 13 standard rooms for the KTV with a sitting capacity of 20
persons and as part of pricing strategy of the business, each package only caters with the
maximum of 10 persons and Php80 additional fee for each excess person. These rooms
will serve consumer with convenience, comfort, entertainment and excellent customer
service. The calculation for the price comes from the market price that is suitable for
everyone. In terms of pricing, they’ll make sure that the services they are offering will
be reasonable to customers in cash basis mode of payment.
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Table 5. Pricing Strategy
Service
No.
Cost
Standard room
13 rooms
380 for 3 hours
Additional fee
Per person
Php 80.00
Additional fee
Per hour
Php 130.00
Meal Station Space Rental
Php 4500
Promotional Strategy
The business will be allocating 5% of annual sales per year for advertising. The
amount will be used for printed advertising materials such as tarpaulins, road signage,
and transit posters, social media like Facebook, Twitter and Instagram.
The Sing Out Loud promotes the company in various ways to be known through
social media, internet, print and transit advertising, and word of mouth. Upon the
business opening, we will give one free hour for every three-hour stay of the customers.
There will also be a price-off promotion of 10% every Tuesday and 20% for special days
such as birthday for the first three-hour stay.
The business will be putting up social media pages and will constantly update it
by posting pictures and promos for the prospects to know more about the business until
it encourages them to experience what the business offers. It will be a big help in order
to inform the community about the business and being involved of any activities which
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28
are related to the business. Putting a good signage can also be a way of promoting the
business. Creating a Facebook page or Instagram with updated information is also very
useful and could be an advantage.
Supply Analysis
The management is vigilant enough to ensure steady supply of the product
offerings to the demand. Based on the Competitor’s Profile Matrix (CPM), there are three
existing competing KTV in Victorias City. However, some of them do not have enough
resources while some have problems in terms of location and accessibility.
Table 6. Competitors’ Profile
Competitor Market
Share
Location
Product
Variety/
Number
Price
Range
Malihaw
Inn
Osmeña
Avenue,
Barangay 21,
Victorias
City, Negros
Occidental
45
120500
20%
Strengths




Provides
delicious
menus
Provides
wide area
The place
was
elegant
Provides
parking
lot
Weaknesses


The food
offered
was
expensiv
e
The
place
was so
boring
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Fun
Nation
22%
City Mall
Victorias
City, Negros
Occidental
3
40 150


The place
was
attractive
Provide
comforta
ble
staying
for
customers



Simon’s
13%
Osmeña
28
Avenue,
Barangay 13,.
Victorias
City, Negros
Occidental
150400


Provides
parking
lot
Provides
good
customers
services


They
have
scarce
resource
s
They
have
small
vicinity
area
They
don’t
allow to
bring
food
inside
They
have
narrow
location
area.
Few
customer
s
are
visiting
the
KARAO
KE bar
Synthesis
These depict that the entrance of new business like the Sing out loud is essentialto
the local economy. Supply and Demand are both key to economic activity. If supply
decreases, prices may continue to increase. Supply and Demand have an important
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
30
relationship that determines the prices of most goods and services. When the Demand is
higher, it is better to put up your business.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
31
CHAPTER IV
TECHNICAL ASPECT
Now, technology in Victorias City is modern such as LTE, 4G and Wi-Fi. Everyone can
access social network through the internet, it makes life simple and comfortable. For
Singing Out Loud business the equipment (TV, computer, microphone, loudspeaker, etc.)
must have been developed to satisfy customer needs for convenience, clean, luxury, and
more function that are low cost and effective.
Sing Out Loud will operate 360 days in a year which means it opens from
Monday to Sunday and is closed on selected holidays such as New Year’s Day, Araw ng
Kagitingan, Labor Day, Holy Thursday, Christmas day, All Saints Day. The operation is
divided into two shifts so each employee has a regular 8-hour duty; from 9 a.m to 10:00
pm. That is equivalent to 13-hour daily operation. The operation is divided into two shifts
so each employee has a regular 8-hour duty.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
32
Operational Flow
The figure below shows the operational flow of the KTV Station.
THE
CUSTOMER’S
ARRIVAL
THE
RECEPTIONIST
CHECKS ROOM
AVAILABILITY
IF ROOMS IS NOT
AVAILABLE
CUSTOMER WILL WAIT
FOR THE VACANT ROOM
ROOM OPERATOR
SERVE THE FOOD
TO THE CUSTOMER
THE CUSTOMER ENJOYS
THE KTV ROOM
THE SECURITY
GUARD INSPECTS
THE CUSTOMER
GUEST
SELECTS
ROOM
ROOM IS AVAILABLE
THE ROOM
OPERATOR WILL
GET THE FOOD
FROM THE FOOD
STATION
CUSTOMER PAYS
AND LEAVES KTV
STATION
RECEPTIONIST
GREETS
CUSTOMERS
THE CUSTOMER
PROCEEDS TO
THE RECEIVING
AREA
CUSTOMER WILL
BE CHOSEN THE
ROOM
CUSTOMER
ORDER FOOD IN
FOOD STATION
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
33
Materials and Equipment
The proceeding table contains the list of properties and equipment that will be
used in operating cycle.
Table 7. Materials and Equipment of Singing Out Loud
PARTICULARS
QTY
UNIT
PRICE
Total Cost
Equipment
External hard drive
6
3,057.00
18,342
Air Condition
7
12,600.00
88,200
Disco light
12
1,300.00
15,600
Sound Absorption Panel
150
2,500.00
375,000
Sound Power Mixer
6
5,800.00
34,800
Power Amplifier
6
3,110.00
18,660
Speaker
24
2,700.00
64,800
Monitor Screen
6
7,500.00
45,000
TV LCD/43 inch
6
40,000.00
240,000
Remote Control
6
400.00
24,000
Wireless Microphone
Calculator
Generator
CCTV
Cash Register
Stand Fan
Computer
Printer/Scanner
Telephone
Total
6
2
1
2
1
1
1
1
1
3,799
850
80,000
4,500
9,392
1,200
47,000
3,349
1,199
22,794
1,700
80,000
18,000
9,392
1,200
47,000
3,349
1,199
1,109,036
Furnitures and Fixtures
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
34
Pillows
30
75.00
2,250
Sofa long
12
25,600
307,200
Sofa medium
6
7,500
45,000
Round chair
12
500
6,000
Table
6
5,000
30,000
Rotating Chair
2
7,000
14,000
Drawer
2
2,000
4,000
Total
Office Supplies
Ballpen
Sticky Notes
Stapler
Puncher
Fastener
Bond paper
Folder
Stamp Pad
Ink pad
Check voucher
Ruler
Paper clip
Envelope
Sliding folder
Logbook
World Clock
Scotch tape
Scissor
Cutter
Electrical tape
Alcohol
Total
408,450
100
50
50
100
1 BOX
20 RIM
100
5
20
1
20
20
20
10
25
30
80
50
205
8
100
700
20
20
20
12
1,000
1,250
3,000
800
50
4,100
800
500
14,000
20
400
400
240
1 BOX
10
8
5
5
20
10
45
50
150
750
30
200
21
15
30
50
1,500
6,000
150
1,000
400
150
1,350
37,160
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
35
LOVE ROOM
PRINCESS ROOM
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
36
MINIMALIST ROOM
MUSICAL ROOM
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
37
ROCK ROOM
HELLO KITTY ROOM
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
38
SANRIO ROOM
KPOP ROOM
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
39
KTV Station Lay-out
Before consumer enters Sing Out Loud KTV they must book a room before and
money at the counter. Then, they can also order food in the food station and deliver it into
their rooms, its free services. In the second floor have 3 KTV rooms have specific theme
like Love room, K-pop room and Rock room. In the last floor we have also 3 rooms
another type of themed room can be seen namely, Mobile legend room, Princess Room
and musical room. Moreover, we provide a area to relax too.
Lay-out of Sing Out Loud
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
40
Gantt chart
The proceeding figure shows the pre-operating activities of Sing Out Loud from
the month of January 2021 until august 2021.
Table 9.Gantt Chart
Pre Operating
2021
Activities
JAN
Finalizing location
document
Canvas materials
and equipment
File Legal
Requirements
Building facilities
Meeting with
supplier
Hiring employees
Purchase of
Furnitures
FEB
MAR
APR
MAY
JUNE
JULY AUG
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
41
Purchase of Shop
Materials and
office supplies
Promotion
Set-up and
Technical Checkups
Start the business
Waste Management Disposal System
Garbage containers are sources of bacteria and may also attract pests. They need to be
carefully managed to prevent food contamination. The following are the guidelines to
ensure that they dispose the food safely:
1. Arrange regular garbage collection. Do not allow garbage containers to overflow.
2. Regularly hose down and clean garbage containers.
3. Always use a bin liner for garbage containers. This is a good way to ensure that
the garbage containers are kept as clean as possible and that harmful bacteria do
not have time to grow on the inside of unit itself.
4. Keep lids tightly closed on garbage containers when in use.
5. Dispose of dangerous items such as syringes in special containers. Talk to the
manager if unsure of how to dispose of dangerous items.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
42
6. Do not use garbage containers to transfer food or ice.
7. Finally, always wash hands after handling garbage.
The City Government of Victorias through Solid Waste Management will collect the
garbage during weekdays.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
43
CHAPTER V
FINANCIAL ASPECT
Finance is a business function that uses numbers and analytical tools to help managers to
make better decisions. Every business owner must learn at least basic finance principles
to effectively run his company. Finance helps management gain a clear understanding of
the company's current financial position, particularly whether the business is profitable or
not. Companies of all sizes benefits steadily down the path to future growth.
Total Project Cost
List
Land
Building Constuction
Total
Machine and Equipment
Air Condition
Disco light
No. of Unit
335sqr./m.
Price/Unit
6000
Total
2,010,000
4,000,000
6,010,000
7
4
12,600
1,300
88,200
5,200
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CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
44
StandaloneKaraoke-Atom Intel
Sound Mixer
Power Mixer
Power Amplifier
Speaker
Monitor Screen/ 32 inch
TV LCD/43 inch
Case CPU
Keyboard
Mouse optical wireless
Calculator
Generator
Ventilators
Signal procesor
CCTV
Total
Furnitures and Fixtures
Sofa long 264x264x70cm.
Sofa medium 169x74x65 cm.
Sofa/Chair
Table set
Rack
Refrigerator (Samsung)
Cash register
Wall Mirror
Sink
Faucet
Total
Cleaning supply and tools
Trash Can
Mop
Dust Pan
Broom
Tissue
Toilet Bowl cleaner Scum
Hand Sanitizer
Hand Soap dispenser
Muriatic Acid
Air Freshener
3
3
3
3
12
1
7
1
1
1
2
1
1
1
4
14,500
5,800
4,650
3,110
2,700
15,888
40,000
9,000
390
390
850
80,000
970
22,600
4,500
43,500
17,400
46,503
9,330
32,400
15,888
280,000
9,000
390
390
1,700
80,000
970
22,600
18,000
671,471
3
2
2
5
6
2
1
5
5
25,600
7,500
1,200
837,00
5000
16,000
20,000
1,000
350
100
76,800
15,000
2,400
4,185
30,000
32,000
20,000
5,000
1750
500
183,450
12
3
12
12
54 rolls
5
8
5
5
11
100
400
100
70
19
239
356
150
250
220
1,200
1,200
1,200
840
1,026
1,195
2,848
750
1,250
2,420
5
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
45
Toilet Bowl
Total
Office Supplies
Ballpen
Sticky Notes
Stapler
Puncher
Fastener
Bond paper
Folder
Stamp Pad
Ink pad
Check voucher
Ruler
Paper clip
Envelope
Sliding folder
Logbook
World Clock
Scotch tape
Scissor
Cutter
Electrical tape
Alcohol
Total
Other expenses
Business license expenses
Advertising expenses
insurance
Benefits and salaries
TOTAL
Total Projected Cost
5
750
3,750
17,679
100
50
50
100
1 BOX
20 RIM
100
5
20
1
20
20
20
1 BOX
10
8
5
5
20
10
45
10
25
30
80
50
205
8
100
700
20
20
20
12
50
150
750
30
200
21
15
30
1,000
1.250
3,000
800
50
4,100
800
500
14,000
20
400
400
240
50
1,500
6,000
150
1,000
400
150
1,350
37,160
50,000.00
100,000.00
250,000.00
3,573,000.00
4,123,000.00
11,042,760
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
46
Basic Assumption
1.
The business will be established as partnership.
2.
Sales increase of 10%, 15% for the 2nd to 4th year, and highest 25% on the 5th year.
3.
Cost of Sales will increase by 50% every year.
4.
10% of Gross Income will be used as utility expense
5.
5% of the Gross Sales will be used for advertising
6.
Office supplies expense increases 2% every year
7.
Salaries expense remains the same in 5 years
8.
Depreciation expense for Furniture and Fixtures & equipment will be on straight line
basis with useful life of 10 years
9.
Prepaid insurance for five years is 50,000
10. Income Tax is 30%
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
47
start up of cost:
no.
unit price
monthly cost
yearly cost
TOTAL
capital expenditure
building
land
property plant and equipment
KTV rooms
External hard drive
Air Condition
Disco light
sound absorption panel
Sound Power Mixer
Power Amplifier
Speaker
Monitor Screen
TV LCD/43 inch
remote control
wireless microphone
total
General Admin Office
computer
Air Condition
calculator
CCTV
Telephone
printer/scanner
total
Front Desk Office
computer
telephone
calculator
CCTV
cash register
stand fan
total
furnitures and fixtures
KTV rooms
pillows
Sofa long
Sofa medium
round chair
Table
total
General Admin Office
table
rotating chair
drawer
total
Front Desk Office
computer
telephone
calculator
CCTV
cash register
stand fan
total
office supplies
1 3,000,000.00
2,010,000.00
6
3,057.00
7
12
150
6
6
24
6
6
6
6
12,600.00
1,300.00
2,500.00
5,800.00
3,110.00
2,700.00
7,500.00
40,000.00
400.00
3,799.00
3,000,000.00
2,010,000.00
18,342.00
88,200.00
15,600.00
375,000.00
34,800.00
18,660.00
64,800.00
45,000.00
240,000.00
2,400.00
22,794.00
925,596.00
1
1
1
2
1
1
47,000.00
12,600.00
900.00
4,995.00
1,999.00
3,349.00
47,000.00
12,600.00
900.00
9,990.00
1,999.00
3,349.00
75,838.00
1
1
1
1
1
1
47,000.00
1,999.00
900.00
4,995.00
9,392.00
1,200.00
47,000.00
1,999.00
900.00
4,995.00
9,392.00
1,200.00
65,486.00
30
12
6
12
6
75.00
25,600.00
7,500.00
500.00
5,000.00
2,250.00
307,200.00
45,000.00
6,000.00
30,000.00
390,450.00
2
2
2
5,000.00
7,000.00
2,000.00
10,000.00
14,000.00
4,000.00
28,000.00
1
1
1
1
1
1
47,000.00
1,999.00
900.00
4,995.00
9,392.00
1,200.00
47,000.00
1,999.00
900.00
4,995.00
9,392.00
1,200.00
65,486.00
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
48
EMPLOYER' S MONTHLY CONTRIBUTION
Position
Ind. SSS
Cont.
QTY.
Manager
Receptionist/ Cashier
Book keeper
Maintenance
Room operator
House keepers
Security guard
1
2
1
2
4
2
2
Total
Total SSS
Cont.
Ind. PHIC
Cont.
Total PHIC
Cont.
Ind. PAG-IBIG
Cont.
Total PAG-IBIG
Cont.
TOTAL
1,600.00
840.00
1,160.00
880.00
880.00
880.00
880.00
1,600.00
1,680.00
1,135.00
1,760.00
3,520.00
1,760.00
1,760.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
200.00
400.00
200.00
400.00
800.00
400.00
400.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
200.00
100.00
200.00
400.00
200.00
200.00
1,900.00
2,280.00
1,435.00
2,360.00
4,720.00
2,360.00
2,360.00
7,120.00
13,215.00
1,400.00
2,800.00
1,000.00
1,400.00
17,415.00
Accounts
ADM INISTRATIVE EXPENSES
Taxes and Licenses
Salaries Expense
Manager
Receptionist/ Cashier
Book keeper
Maintenance
Security guard
No.
Cost/M onth
Cost/Year
1
2
1
2
2
20,800.00
20,800.00
14,820.00
20,540.00
20,540.00
249,600.00
249,600.00
177,840.00
246,480.00
246,480.00
SSS
Philhealth
Pag-Ibig
Total Employee Benefits
Insurance Expense
Utilities Expense
Advertising expense
Installation expense
total
Depreciation Expense - Building
Depreciation Expense - Office Equipment
Depreciation Expense - Furniture and Fixture
total depreciation
TOTAL ADM INISTRATIVE EXPENSE
SELLING EXPENSES:
TOTAL COST OF OPERATION
Cost/Year
150,000.00
Total Salaries Expense
Room operator
House keepers
Total Salaries Expense
TOTAL SELLING EXPENSE
Cost/M onth
4
2
20,540.00
41,080.00
97,500.00
3,560.00
1,400.00
700.00
67,920.00
1,170,000.00
42,720.00
16,800.00
8,400.00
1,237,920.00
250,000.00
17,679.00
100,000.00
50,000.00
417,679.00
300,000.00
106,692.00
31,440.00
438,132.00
3,413,731.00
61,620.00
739,440.00
739,440.00
246,480.00
492,960.00
4,153,171.00
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
49
SING OUT LOUD KTV
Comparative Statement of Financial Position
For the 5 Years
ASSETS
1st Year
Current Assets:
Cash and Cash Equivalents
Trade and other Receivables
Prepayments
Total Current Assets
(4)
(5)
Non- Current Assets:
Property, Plant & Equipment
Total Non-Current Asset
(6)
Total Assets
2nd Year
3rd Year
4th Year
5th Year
1,549,844.79
324,351.21
122,470.00
1,996,666.01
1,615,318.68
31,427.76
239,864.00
1,886,610.44
1,588,504.90
41,483.77
317,296.00
1,947,284.68
2,062,838.15
44,375.98
334,766.00
2,441,980.12
3,889,348.95
54,868.36
347,236.00
4,291,453.31
12,536,570.83
12,536,570.83
12,135,316.67
12,135,316.67
10,530,300.00
10,530,300.00
11,332,808.33
11,332,808.33
10,931,554.17
10,931,554.17
14,533,236.84
14,021,927.10
12,477,584.68
13,774,788.46
15,223,007.48
LIABILITIES and SHAREHOLDER'S EQUITY
Current Liabilities:
Trade and other Payables
Income Tax Payable
Total Current Liabilities
(7)
675,648.93
639,635.08
1,315,283.86
4,150,444.57
754,598.80
4,905,043.37
4,340,892.68
1,023,657.97
4,340,892.68
4,554,030.32
1,517,006.64
4,554,030.32
4,783,969.37
2,093,778.58
4,783,969.37
Non-Current Liabilities:
Loan Payable
Total Non-Current Liabilities
2,725,471.00
2,725,471.00
2,452,923.90
2,452,923.90
2,180,376.80
2,180,376.80
1,907,829.70
1,907,829.70
1,635,282.60
1,635,282.60
Total Liabilities
4,040,754.86
7,357,967.27
6,521,269.48
6,461,860.02
6,419,251.97
Shareholder's Equity:
Share Capital
Retained Earnings
Total Shareholder's Equity
10,000,000.00
492,481.98
10,492,481.98
10,000,000.00
253,212.51
10,253,212.51
10,000,000.00
641,747.77
10,641,747.77
10,000,000.00
1,681,429.92
11,681,429.92
10,000,000.00
4,166,913.27
14,166,913.27
Total Liabilities and Shareholder's Equity
14,533,236.84
14,021,927.10
12,477,584.68
13,774,788.46
15,223,007.48
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
50
Note 1- Net Sales
First Year
KTV Station:
Gross Sales
OPERATING COST
Total Net Sales
2nd Year
3rd Year
4th Year
5th Year
10,133,000.00
2,801,678.53
7,331,321.47
11,652,950.00
3,081,846.38
8,571,103.62
13,983,540.00
3,390,031.02
10,593,508.98
17,479,425.00
3,729,034.12
13,750,390.88
21,849,281.25
4,101,937.54
17,747,343.71
2,725,471.00
5%
136,273.55
2,452,923.90
5%
122,646.20
2,180,376.80
5%
109,018.84
1,907,829.70
5%
95,391.49
1,635,282.60
5%
81,764.13
733,132.15
733,132.15
659,818.93
73,313.21
231,038.00
20,000.00
324,351.21
324,351.21
428,555.18
752,906.40
731,478.64
21,427.76
231,038.00
10,000.00
31,427.76
31,427.76
529,675.45
561,103.21
534,619.44
26,483.77
231,038.00
15,000.00
41,483.77
41,483.77
687,519.54
729,003.32
694,627.34
34,375.98
231,038.00
10,000.00
44,375.98
44,375.98
887,367.19
931,743.16
887,374.80
44,368.36
231,038.00
10,500.00
54,868.36
22,470.00
100,000.00
122,470.00
14,864.00
225,000.00
239,864.00
22,296.00
295,000.00
317,296.00
44,766.00
290,000.00
334,766.00
67,236.00
280,000.00
347,236.00
First Year
4,000,000
2,010,000
6,010,000.00
Second Year
4,000,000.00
2,010,000.00
6,010,000.00
669347.00
669347.00
669347.00
669347.00
669347.00
65,028.00
183,450.00
12,937,825.00
65,028.00
183,450.00
12,937,825.00
65,028.00
183,450.00
12,937,825.00
65,028.00
183450
12,937,825.00
65,028.00
183450
12,937,825.00
401,254.17
12,536,570.83
802,508.33
12,135,316.67
2,407,525.00
10,530,300.00
1,605,016.67
11,332,808.33
2,006,270.83
10,931,554.17
675,648.93
8,571,103.62
9,246,752.55
9,075,330.47
171,422.07
13,215.00
2,800.00
13,000,863.18
10,593,508.98
23,594,372.16
23,382,501.98
211,870.18
13,215.00
2,800.00
4,340,892.68
13,750,390.88
18,091,283.56
17,816,275.74
275,007.82
13,215.00
2,800.00
4,554,030.32
17,747,343.71
22,301,374.03
21,946,427.16
354,946.87
13,215.00
2,800.00
Note 2 - Interest Expense
Loan
Multiply : Interest (5%)
Interest Expense
*5 years
Note 3 - Trade & Other receivables
Accounts Receivable, Beginning
ADD: Net Credit Sales
Total Trade Receivable
LESS: Collection*
Accounts Receivable, End
other receivables: food stall rental
Advances to Employees
Total Trade & Other receivables
Note 4- Prepayments
Office Supply Unused
Prepaid Insurance
Total Prepayments
Note 6- Property, Plant & Equipment
Building
Land
TOTAL
KTV room equipment
Air Condition
Disco light
StandaloneKaraoke-Atom Intel
Sound Mixer
Power Mixer
Power Amplifier
Speaker
Monitor Screen/ 32 inch
TV LCD/43 inch
Generator
Ventilators
Signal procesor
CCTV
External hard drive
sound absorption panel
wireless microphone
Total
Office Equipment
Case CPU
Keyboard
Mouse optical wireless
Telephone
printer/scanner
computer
stand fan
Calculator
Total
Furnitures & Fixtures
Total Property, Plant and Equipment
Less:
Accumulated Depreciation - Buiding*
Accumulated Depreciation - KTV room Equip.*
Accumulated Depreciation - Office Equpment*
Accumulated Depreciation - Furnitures & Fixtures*
Total Accumulated Depreciation
Property, Plant & Equipment Net
Third Year
Forth Year
Fifth Year
4,000,000.00
3,000,000.00
3,000,000.00
2,010,000.00
2,010,000.00
2,010,000.00
6,010,000.00
5,010,000.00
5,010,000.00
88,200
5,200
43,500
17,400
46,503
9,330
32,400
15,888
280,000
80,000
970
22,600
18,000
3,057.00
2,500.00
3,799.00
9,000
390
390
1,999.00
3,349.00
47,000.00
1,200.00
1,700
266,666.67
66,934.70
6,502.80
61,150.00
*Depreciable Life
Building (15 years), KTV room Equipment (10 yrs.)
Office Equipment (10 years), Furnitures & Fixtures (5yrs.)
Note 7- Trade & Other Payables
Accounts Payable, Beginning
ADD: Net Purchases
Total Trade Payables
LESS: Payments
Accounts Payable, End
SSS Contribution Payable
Philhealth Cont. Payable
0.00
7,331,321.47
7,331,321.47
7,184,695.04
146,626.43
13,215.00
2,800.00
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
51
Statement of Cash flow
For the 5 Years
Cash Flow from Operating Activities:
Net Income
Add: Depreciation Expense
Income from operation
Changes in Working Capital:
(Increase)/Decrease in Asset
Increase/(Decrease) in Asset
1. Trade and other Receivables
3. Prepayments
4. Trade and other Payables
5. Income Tax Payable
Net Cash Provided by Operation:
Cash Flow from Investing Activities:
Purchase of PPE
Net Cash used by investing:
1,492,481.98
1,893,736.15
1,760,730.53
401,254.17
2,161,984.69
2,388,535.26
401,254.17
2,789,789.43
3,539,682.15
401,254.17
3,940,936.32
4,885,483.35
401,254.17
5,286,737.51
(324,351.21)
(122,470.00)
(324,351.21)
639,635.08
1,762,198.79
292,923.46
(117,394.00)
292,923.46
(114,963.72)
2,515,473.88
(10,056.01)
(77,432.00)
(10,056.01)
(269,059.17)
2,423,186.23
(2,892.20)
(17,470.00)
(2,892.20)
(493,348.67)
3,424,333.24
(10,492.38)
(12,470.00)
(10,492.38)
(576,771.94)
4,676,510.81
401,254.17
(12,937,825.00)
(12,937,825.00)
Cash flow from financing Activities
Issuance of Ordinary shares
Proceeds of Long Term debt
Payment of long term debt
Payment of dividends
Net Cash provided by financing
-
10,000,000.00
2,725,471.00
Net Increase in Cash
Add. Beginning Cash
Net Cash Flow
-
-
-
-
12,725,471.00
(450,000.00)
(2,000,000.00)
(2,450,000.00)
(450,000.00)
(2,000,000.00)
(2,450,000.00)
(450,000.00)
(2,500,000.00)
(2,950,000.00)
1,549,844.79
1,549,844.79
65,473.88
1,549,844.79
1,615,318.68
(26,813.77)
1,615,318.68
1,588,504.90
474,333.24
1,588,504.90
2,062,838.15
-
(450,000.00)
(2,400,000.00)
(2,850,000.00)
1,826,510.81
2,062,838.15
3,889,348.95
Statement of Changes in Equity
For the 5 Years
Share Capital
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
Total Share Capital
Retained Earnings:
Retained Earnings, Beg.
Add: Net Income
Less: Dividends
Retained Earnings, End.
Total Shareholder's Equity
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
10,000,000.00
1,492,481.98
1000000.00
492,481.98
10,492,481.98
492,481.98
1,760,730.53
2,000,000.00
253,212.51
10,253,212.51
253,212.51
2,388,535.26
2,000,000.00
641,747.77
10,641,747.77
641,747.77
3,539,682.15
2,500,000.00
1,681,429.92
11,681,429.92
1,681,429.92
4,885,483.35
2,400,000.00
4,166,913.27
14,166,913.27
WITHOLDING TAX
Manager
Receptionist/ Cashier
Book keeper
Maintenance
Room operator
House keepers
Security guard
Total
M onthly
20,800.00
20,800.00
14,820.00
20,540.00
41,080.00
20,540.00
20,540.00
Yearly
249,600.00
249,600.00
177,840.00
246,480.00
492,960.00
246,480.00
246,480.00
Basic Exemption
Income After Basic Exemption
60,000
60,000
60,000
60,000
60,000
60,000
60,000
189600.00
189600.00
117840.00
186480.00
432960.00
186480.00
186480.00
Other Deductions
1,900.00
2,280.00
1,435.00
2,360.00
4,720.00
2,360.00
2,360.00
TAXABLE INCOM E
187700.00
187320.00
116405.00
184120.00
428240.00
184120.00
184120.00
1472025.00
Excess Of:
1,372,025.00
100,000
411,607.50
Witholding Tax
511,607.50
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
52
Financial Ratio
Current Ratio
Working Capital to Asset Ratio
Total Asset Turnover
Debt Ratio
Debt Equity Ratio
Equity Ratio
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Current Asset
Current Liability
Working Capital
Current Asset
Net Sales
Ave. Total Assets
Total Liability
Total Assets
Total Liability
Total Equity
Total Equity
Total Assets
Gross Profit
Net Sales
Operating Profit
Net Sales
Net Income
Net Sales
1st Year
1,996,666.01
1,315,283.86
681,382.15
1,996,666.01
7,331,321.47
14,533,236.84
4,040,754.86
14,533,236.84
4,040,754.86
10,492,481.98
10,492,481.98
14,533,236.84
6,421,561.47
7,331,321.47
2,268,390.47
7,331,321.47
1,492,481.98
7,331,321.47
1.52
0.34
0.50
0.28
0.39
0.72
0.88
0.31
0.20
2nd Year
30,537,227.54
13,824,373.04
16,712,854.49
30,537,227.54
8,431,019.69
49,629,627.54
19,224,373.04
49,629,627.54
19,224,373.04
30,405,254.49
30,405,254.49
49,629,627.54
8,438,044.50
8,431,019.69
3,697,566.40
8,431,019.69
2,021,296.48
8,431,019.69
2.21
0.55
3.27
0.39
0.63
0.61
0.05
0.02
0.01
3rd Year
30,115,133.21
12,969,403.40
17,145,729.81
30,115,133.21
9,274,121.66
48,328,233.21
17,769,403.40
48,328,233.21
17,769,403.40
30,558,829.81
30,558,829.81
48,328,233.21
9,281,848.95
9,274,121.66
4,542,816.40
9,274,121.66
2,675,971.48
9,274,121.66
2.32
0.57
3.70
0.37
0.58
0.63
0.05
0.03
0.01
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
53
CHAPTER VI
SOCIO-ECONOMIC ASPECTS
This chapter includes the socio-economic benefits of the proposed project. The
proposed project aims to help the people who consume services. It is important that small
entrepreneurs should realize the worth of creating or starting a business would largely
contribute to the socio-economic development of the country.
Community
The main goal of the business is to attain high income mainly to the business
partners a business should build healthy relationship between the partners, managers, and
employees to create harmonious ambiance. Employees will be compensated to their own
needs as payment for the service they will render to the business. The salaries will be
based on the minimum wage of Bacolod City.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
54
Government
Business entities like this will contribute to the government in the form of taxes.
Tax is a fee levied by the government to finance government expenditures. Through the
taxes that the businesses and employees are paying, the government can establish good
government projects like building infrastructures, roads and other public utilities for the
people. These project will be beneficial to the or vital to community and economic
development.
Environment
The location of our company is in front of Betty Bantug Benitez Building it
makes the effect about noise pollution to other people that living in that area. So were set
the role for our company by setting the time to open and close to avoid the conflict with
other. However, our company has a sound proof panel for keeping the sound in each
room
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
55
CHAPTER VII
SUMMARY, CONCLUSION AND RECOMENDATION
This chapter includes the conclusion and recommendations. This chapter will provide a
summary of the purpose, methodology, and results of this study. Then, conclusions will
be discussed based on researcher insights gained regarding study findings and limitations.
In addition, the recommendation is presented. A set of recommendations is presented for
professionals interested in pursuing additional research to exceed the scope and findings
of this study.
Summary
This study shows how feasible, marketable and profitable the proposed business
could be. The researchers efficiently applied the significance of the marketing mix.
Moreover, the matrices they used as a primary bases in formulating innovative ideas as
well as recommendations.
The management of Sing Out Loud headed by a manager down to cashier/receptionist,
book keeper, room operator, and housekeeping, security and maintenance persons creates
the best workforce. Hence, each employee meets the standards of his or her job
description and specifications.
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
56
Singing Out Loud promotes the use of plastic that will preserve and promote the ecofriendly environment
Conclusion
Sing Out Loud KTV located in the Osmena Avenue, Victorias City. Inside the
Building, we provide 3 floors to serve customer to use it. In the first floor, it is a food
station. And the next secong and third floor, we separate the rooms to be all standard size.
We have six karaoke rooms and each room different in theme and decorations. In each
room, we provide many themes to serve customer to choose and use it, for example, Love
Room, Mobile Legend Room, K-pop Room, Musical Room, Rock Room and Princess
Room. Every room will different in theme because we want to make difference from
others. Our vision is to be one of the best known and the only KTV station that serves
and satisfies the customers’ need for enjoyment and relaxation in a budget-friendly way.
It’s like our slogan “Sing as though no one can hear”,.
Most of target markets are general customer who likes to sing a song. We will study
about the consumption of
Republic of the Philippines
CENTRAL PHILIPPINES STATE UNIVERSITY
College of Business and Management
Victorias Campus
Victorias City, Negros Occidental
57