BUSINESS BUDGET PLAN

DREAMSILOG
“STUDENTS HAVEN IN EVERY STRESSFUL DAYS”

SUBMITTED BY:

Balasi, Nicole

Castro, Myka April A.

Cruz, Graeziel Ann C.

Nadal, Cristy G.

SUBMITTED TO:

Mr. Ashtin Jeth Escandor

October 2023
 Table of Contents

Business Name & Logo ..................................................................................................... 3

Figure 1. Logo ........................................................................................................... 3

Type of Business ................................................................................................................ 3

Category of Business in MSMEs ..................................................................................... 4

Location of Business ......................................................................................................... 4

Target Consumers ............................................................................................................. 5

Figure 2. Location Map............................................................................................. 5

Size of Workforce .............................................................................................................. 6

Business Registration / Startup Cost

Table 1. Permit and License ...................................................................................... 7

Table 2. Business Space and Renovation Expense ................................................... 8

Recurring Cost

Table 3. Salaries and Wages ...................................................................................... 9

Table 4. Space Rent and Utilities Expense ............................................................... 9

Table 5. Production and Store Supplies……………………………………………10

Table 6. Raw Materials…………………………………………………………….11

Table 7. Employee Benefits………………………………………..………………12

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Business Name and Logo

The company’s founders settled on “Dreamsilog” as the brand name. The

partnership came to the conclusion that this would be the best way to ensure that customers

will have an easy time remembering the brand and will be able to generate ideas regarding

the products that the company provides.

Figure 1. Logo

Type of Business

Starting a business involves making many important decisions, especially in terms

of choosing the right form of business. We need enough time to research our options and

understand how each of the form of business structures work may help our business to

make the best choice for our company.

The partners made the decision to develop a company in the food sector because

they assume that any food-related business ideas will succeed because Filipinos are fond

of food.

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Category of Business in MSMEs

According to conventional definitions, a micro-enterprise is a tiny company with

nine or less employees and a balance sheet or turnover below a specified threshold of 3

million pesos. Based on the estimated financial aspects of the company, it will undoubtedly

begin with a turnover of less than 3 million pesos and a workforce of 4, which shows

that the business falls under the micro enterprise category.

The proponents want to show to the consumers that their product is silog. They

know that current generation prefers clear, concise things, therefore they came up with

the idea to include a plate and utensils in the logo. The tagline "Students haven in every

stressful days" is also included, which indicates the partners wants the students to be

aware that there is a place where they can unwind at a reasonable price.

Location of Business

This business will be located in front of National Teachers College, 629 J.

Nepomuceno St., Quiapo, Manila. We chose this location because of the following reason:

✓ In order to entice students who are searching for an affordable price.

✓ To put forwards advocates on how to establish and run a business to the test

✓ For financial gain while also contributing to the social and economic well-being of

the neighborhood

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 ✓ Located in close proximity to a major highway and provides immediate access. For

the purpose of acquiring a large number of potential clients since it has the highest

rate of students and workers as our target market.

✓ The area where we will build the business is near to the suppliers of the raw

materials we need.

Figure 2. Location Map

Target Consumers

Since their goods can be consumed by anybody, business partners agreed to have a

target market of general customers. However, given their location in front of National

Teachers College, they are specifically aiming their attacks at students there.

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Size of Workforce

This business will have a general partnership as ownership. This business

structure will let general partners split the company's profits and are jointly responsible for

its obligations in the event of insolvency. Dreamsilog enterprise will compose of four

entrepreneurs (Balasi, Nicole, Castro, Myka A., Cruz, Graeziel Ann C., Nadal, Cristy) that

will have a responsibility as well as equal share and liability for the Dreamsilog. The

business can go further and grow at a much faster rate with the support of a solid partnering

team that specializes in numerous areas.

The sole factor influencing the partners' decision to form a general partnership is

the fact that each member provides something to the business, whether it be money, assets,

labor, or talents. In return, each partner shares in the profits and losses of the business. You

may access additional knowledge, creativity, expertise, and money if you have business

partners. The presence of a partner who can assist in managing the business makes it better.

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 BUSINESS REGISTRATION / STARTUP COST

Table 1. Permit & License

Particulars Fees
Securities & Exchange Commissions Fees
SEC Registration Fee P 2,530.00
Stock Transfer Book 500.00
Business Name Registration 120.00
BIR Documentary Stamps 1,500.00
Notarial Fees 1,500.00
Total SEC Expenses P 6,150
BIR Fees
BIR Annual Registration Fee P 500.00
Documentary Stamp 75.00
Books of Account 200.00
Cost of Printing Official Receipts 3,500.00
Total Cost at BIR P 4,275.00
Local Government Unit Fees
Barangay Clearance P 500.00
Mayor’s Permit 5,000.00
Sanitary Permit 300.00
Total LGU Fees P 5,800.00
Total P 16,225.00

Notes: Data were obtained from https://www.businessnews.com.ph/cost-start-business-

philippines-20210613/.

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 Table 2. Business Space Renovation Expense

Particulars Cost

Renovation Materials
Cement P 2,000.00
Sink 1,500.00
Built-in Cabinet & Drawers 1,800.00
Production Furnitures and Fixtures
Production chair 2 P 500.00
1,000.00
Production table 1 7,000.00 7,000.00
Ceiling fan 1 1,349.00 1,349.00
Exhaust fan 1 716.00 716.00
Lighting 1 52.00 52.00

Dining and Selling Area Furnitures and Fixtures

Chairs 4 P 385.00 1,540.00

Round table 2 500.00

1,000.00
Counter 1 30,000.00
30,000.00
Lighting 1 (3 lights) 218.00
654.00

Total Cost for Renovation Materials 48,611.00

Labor P 2,000.00

Total P 50,611.00

Note: The data were gathered at Lazada and Shopee App Store.

Business Registration / Startup Cost Total Expense: P 66,836.00

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 RECURRING COST (Monthly)

Table 3. Salaries and Wages

Position Basic rate/Monthly

(P)

Cashier 650 per day/ 15,600 per Month

Cook 700 per day/ 16,800 per Month

Service Crew 650 per day/ 15,600 per Month

Dishwasher 600 per day/ 14,400 per Month

Total Salary Expense per Month P 62,400.00

Table 4. Space Rent and Utilities Expense

Particulars Cost

Utilities Expense

Water Expense P 2,500.00

Electricity Expense 4,000.00

LPG Expense (530 each) 1,060.00

Waste Management Disposal Fee 500.00

Total Utility Expense P 8,060.00

Rent Expense P 6,000.00

Total Expense P 14,060.00

Note: The total amount of utilities expenses is calculated on a monthly basis and the
data was gathered at lease owner.

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 Table 5. Production and Store Supplies

Production Supplies

Particulars Quantity Unit cost Total cost

Hair net (black) 12 pieces P 65.00 P 65.00
Disposable 4 packs (100 pcs.) 7.00 28.00
gloves
Apron 10 pieces 118.00 1,180.00
TOTAL P 1,273.00

Store Supplies

Table napkin 10 packs P 16.00 P 160.00

Plastic Utensils 200 packs (25 18.00 3,600.00
pcs)
Plastic Plates 100 packs (50 165.00 16,500.00
pcs)
Trash bin 3 pcs. 159.00 477.00
Rug 2 bundle 99.00 99.00
LPG Gas Tank 1 1,000 1,000
Log book 1 pcs. 108.00 108.00
Ballpen 48 pcs. 5.00 240.00
Calculator 1pc. 109.00 109.00
Mop 1 pc. 179.00 179.00
Broom and Dust 2 pcs. 170.00 170.00
Pan
TOTAL P 22,642.00

Total Production and Store Supplies P 23,915.00

Note: The data were gathered at Lazada and Shopee App Store. The total amounts are
calculated in monthly expenses.

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 Table 6. Raw Materials

Particular Quantity Cost per Unit Total (Peso)

Direct Materials
Egg 5 trays 224 per tray P 1,120.00
Garlic 1 kl. 404 per kilo 404.00
Hotdog 2 kls. 199 per kilo 398.00
Ham 3 packs 80 per pack 240.00
Tocino 5 packs 65 per pack 325.00
Embotido 5 packs 85 per pack 425.00
Bacon 1 kl. 349 per kilo 349.00
Longganisa 1 kl. 495 per kilo 495.00
Onion 1 kl. 239 per kilo 239.00
Bangus 3 kls. 203 per kilo 609.00
Chicken 3 kls. 165 per kilo 495.00
Pork 3 kls. 250 per kilo 750.00
Total Direct Materials P 5,849.00
Total Direct Materials (Monthly) P 140,376.00
Indirect Materials
Cooking Oil 1 gal. 289 per gal P 289.00
Pepper 1 kl. 40 per kilo 40.00
Salt 1 pack 40 per pack 40.00
Soy Sauce 1 gal. 157 per gal. 157.00
Ketchup 2 kg. 136 per kg. 272.00
Rice 30 kg. 53 per kilo 1,590
Chili ¼ kl. 640 per kl. 160.00
Calamansi ½ kl. 90 per kl. 45.00
Total Indirect Materials P 2,600.00
Total Indirect Materials (Monthly) P 64,400.00
TOTAL RAW MATERIALS MONTHLY P 202,776.00

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 Table 7. Employee Benefits

PARTICULARS SSS PAG-IBIG PHILHEALTH Total

Cashier P 702 P 312 P 702 P 1,716

Cook P 756 P 336 P 756 P 1,848

Service Crew P 702 P 312 P 702 P 1,716

Dishwasher P 630 P 280 P 630 P 1,540

Total Contributions P 2,790 P 1,240 P 2,790 P 6,820

Recurring Cost Total Expense: P 309,917.00

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