UNIVERSAL COLLEGE OF PARANAQUE 8273 Dr. A Santos Ave., Parañaque City 772-5272 College of Business and Accountancy CAGALING A Business Plan Draft for Feasibility Study Presented to the Faculty of the College of Business and Accountancy Universal College of Parañaque Parañaque , Philippines Presented by: ABUNDO, JOVELLE R. PANONCE, ZIA CZARINA S. PAYUMO, MARIELLE DENNISSE P. SASTRILLAS, NIÑO ORLANDO SINANGGOTE, ROSER MAE S. VILLALON, NIKKA MAE B. Grade/Section- Strand Presented to: Mr. Brylle Nicollo B. Leynes Business Research Professor MARCH, 2022 TABLE OF CONTENTS I. II. EXECUTIVE SUMMARY 1 THE BUSINESS 2 A. Business Name………………………………………………2 B. Logo…………………………………………………………2 C. Tagline………………………………………………………3 D. Vision………………………………………………………..3 E. Mission………………………………………………………3 F. Core Values………………………………………………….4 III. PRODUCT DESCRIPTION 6 IV. THE MARKET 7 A. Target Market ……………………………………………….7 B. Competitor’s Profile………………………………………....9 C. S.W.O.T Analysis…………………………………………...10 D. Marketing Strategies………………………………………...11 a. Brochure V. THE FINANCES 14 A. Financial Objectives………………………………………...14 B. Required Capital…………………………………………….14 C. Start-up Cost………………………………………………...15 VI. APPENDICES 16 i EXECUTIVE SUMMARY Cagaling will be a start-up quick service stall with a lot of potential based on quickness and efficiency located in the most convenient locations for our customers which will be located at Evacom Parañaque City, Metro Manila, Philippines. It will relatively bring in an improvised concept in the field of snacks with neat and précised production. Customers are assured that the foods to be served to them are fit in congruence to highraised quality standards. For this, cagaling plans to supply products and services to student's and residence of Evacom Parañaque City. The mission of Cagaling is to produce tasty and nutritious food that everyone enjoys eating. Cagaling, unlike other siomai provides nutrients to our customers. It is also affordable, that can easily be bought by students and locals of Evacom, Paranaque. To achieve our goal, Cagaling holders are contributing P 4,000, which amounts to P24,000. This capital will be used for startup costs and will be repaid from the busines within one year. 1 A. CAGALING Cagaling is a Cabbage Pork Siomai in which cabbage is used to wrap the ground pork, instead of wonton wrapper. We choose “Cabbage Pork Siomai” to serve a unique, mouthwatering and home-style snack. Because of its particular ingredients, our product has distinct traits and flavors. Above all, it's far healthier than other types of siomai on the market since cabbage contains a lot of minerals like Vitamin C, calcium, and protein, as well as strengthening the immune system, which helps our cells fight off intruders like viruses. B. Logo The words Cagaling has two hidden meanings which is "CA" for cabbage and "Galing " for giniling (ground pork). And the leaves seen above represent uniqueness and nutritional 2 value of foods that help to balance the calories in the major ingredients which is the ground pork . This snack is created to promote a delicious and healthy meal to satisfy those who crave for a unique dining experience. C. Tagline Product Tagline “Can I SIOMAI LOVE for you?” This indicates that we care and consider the health of our customers, to not only satisfy them but also make them feel loved. D. Vision To be one of the best places to eat healthy and affordable siomai nationwide E. Mission To provide healthy and tasty food that makes eating enjoyable for everyone. F. Core Values 3 Innovation: The development and commoditization of new food products, processes, and services. Health: It provides customer with the nutrients they need to sustain their body's well-being and retain energy. Quality: It attributes include appearance, including size, shape, gloss, color, and consistency, texture, flavor, and nutritional content. Creativity: It allows us to view and solve problems more openly and with innovation of product. Passion for Customer: Establish positive relationships with each interaction by providing exceptional service. II PRODUCT DESCRIPTION Product Description Product Description 4 Price Siomai are often little bites with a low nutritional value. Cagaling gave it a unique spin by using cabbage instead of wonton Cagaling wrappers. The ₱30/per order crunchiness of carrots will surprise you. THE MARKET A. Target Market Category Students Age Gender 13-24 All years types of old gender Social Status Educational Attainment High School undergraduate Middle and Upper Class Senior High School undergraduate 5 College undergraduate Resident All All Earning minimum wage ages types of of salary or above High school graduate gender (Middle and Upper College graduate Class) Everyone who belongs in the household population The researchers chose Evacom, Paraaque City, since it is close to the above-mentioned target market. The "Cagaling Siomai" will focus its marketing efforts in Evacom, Paraaque City, in order to reach its target market. The market research shows that these customers are most likely to buy "siomai." Mixed target groups help maintain consistency of its marketing activities throughout the year. Students and residents usually come throughout the week consistently and spend most of their time in Evacom, Parañaque City. The target groups usually prefer on-the-go food that will not take too much of their time to make and be served. Competitor Established Date Master Siomai Value to Strengths Weaknesses Customers Products’ Quality: High Quality Price: Affordable Service: Good customer service 6 Their product is distinctive Japanese siomai, pork siomai Too much existing competito rs that offers same and 1999 wrapped in genuine Japanese seaweed especially topped with crab. In addition, products are affordable. Customer Satisfaction: Delighted - High level of Satisfaction Products’ Quality: Siomai King 2010 Their Standard quality products are Price: Affordable affordable Service: Good and it comes customer service with Customer different Satisfaction: flavor. It Satisfied – medium also has level of satisfaction different variety of food. Strengths Weaknesses 7 related product. Too much existing competito rs that offers same and related product. Food Safety Reputation Pricing: Low cost of production that makes still limited for having small capital. an affordable price of product. Lack of employees: salaries for the employees are Lack of Reputation: the business haven’t established as a reputable food business Product: Easy to add new and healthy Ingredients that will fit the taste of the Ingredients: Some ingredients’ prices may vary consumers. depending on the season. Uniqueness: New and unique product offered since it originated from Western countries Production: Small and Flexible Production Product Name: Curiosity generating name of product. A. S.W.O.T Opportunities Threats Products: Competitors may have similar or related Expansion: Product line expansion Location: number of establishments around the Sales/ Profit: Failing sales area is continuously growing. Big Competitors: There are a lot of competitors Flavors: Variation of flavor offering Demand: Demand rises during schooldays. products. that have stronger reputation of good food. Competition: Intense and wide range of competition. Customer Service: Being unprepared- initial poor service or product quality could discourage customers from returning. 8 Suppliers: Few substitute suppliers C. Marketing Strategies a. Brochure 9 THE FINANCES A. Financial Objectives The business will focus on sales and quality. Its projections indicate that it can expect monthly revenues sales of Php27,000. To achieve the company’s revenue and profit goal equipment and materials needed to use in making cagaling will demand to be purchased. The amount that the company is seeking to finance is at least Php 2,000. B. Required Capital Name Nikka Mae Villalon Roser Mae Sinanggote Jovelle Abundo Nino Orlando Sastrillas Zia Czarina Panonce Marielle Dennisse Payumo Amount P 4,200 P 4,200 P 4,200 P 4,200 P 4,200 P 4,200 10 TOTAL P 25, 200 This business will demand P24,000.00 in financing. The funding will be raised entirely by the business partners. The proposed contribution amount is P4,000.00 for each member. C. Start-up Cost START-UP COSTS FIXED Equipment and machinery Cost (₱) Legal fees/ licenses/ permits P 2000 Stocks/ Raw materials P 3000 Petty Cash Fund Replenishment Advertisements & Promotions (for 1 year) P 2000 P 1200 Stall Maintenance TOTAL START-UP COSTS P 12000 P 1000 P23,200 11 P 2000