Professional Documents
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Tasty Shack Foodhub Group7
Tasty Shack Foodhub Group7
A Feasibility Study
Presented to
By
Alyssa Endaya
Elizabeth Sardalla
______________
December 2023
1
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A Feasibility Study
--------------------------------------------------
Presented to
By
Alyssa Endaya
Elizabeth Sardalla
________________
December 2023
2
Approval Sheet
JOSIE D. FUENTES, DM
Instructor
PANEL OF EXAMINERS
Accepted and approved after the presentation of the study with a grade of
___________.
Chairperson
Member Member
3
Acknowledgment
First and foremost, we want to give thanks and praise to God, the
feasibility study.
Josie Fuentes, who served as both our research and adviser and instructor for
the feasibility study, for allowing us to conduct this study and for her helpful
vision, genuineness, and drive. Working and studying for her was a real honor
and privilege.
The Researchers
4
Executive Summary
products that are fried rice with various toppings. The Tasty Shack Foodhub uses
many types of fried rice and toppings, including garlic fried rice, vegetable fried
rice, and biryani fried rice, as well as toppings including hotdogs with eggs, tocino
with ham, fish nuggets, and lumpiang shanghai. This business designed to
The Tasty Shack Foodhub will be located along the F in Tibungco, Davao
nearby, and many people frequently pass by the crowds. Numerous buildings,
such as schools, churches, and healthcare facilities, surround the site, making it
a suitable position given that our target market, which consists of local residents,
The company will be open six (6) days a week, Monday through Saturday,
from seven in the morning until seven in the evening. This is done in order to give
the workers a day off to rest. The cook, cashier, and service staff will all be
managers. The government will set a uniform wage and benefits for all
employees. They will have the necessary training to deliver high-quality services
Tasty Shack Foodhub's founders have made the decision to set up and
register the business as a partnership with five (5) proprietors. Each owner will
5
make an equal amount toward the first investment for the start-up money to
operate the business. In order to build successful sales tactics, draw in a broader
pool of potential customers, efficiently utilize all of the company's resources, and
management.
The financial factors are the essential basis for assessing the project's
feasibility. From there, the researchers can determine how much money flows
and where it is going. The Tasty Shack foodhub business is principally financed
hygienic, high-quality meals that meet their requirements. As a result of this, the
company will be able to achieve its goal and meet the demands of others. Giving
good service and manufacturing high-quality products ensures that the business
will flourish and will create a stable work environment for employment.
The firm may provide advantages to the government in the form of income
reporting and paying taxes to several government bodies, including the BIR,
income taxes, and others. The majority of public infrastructure, facilities, public
Table of Contents
Cover Page
Title Page I
Approval Sheet II
Acknowledgement III
Executive Summary IV
List of Tables XI
CHAPTER
1 MARKETING ASPECT 1
Product/Service Description 1
Target Market 3
Area Coverage 4
Consumer/Customer 4
Competitor Analysis 8
Pricing Structure 10
7
Projected Sales 11
Marketing Program/Strategies 11
Practices of Competitors 12
Marketing/Selling Expenses 13
2 TECHNICAL ASPECT 15
Technical Requirement 15
Production Schedule 22
Labor Requirement 23
8
Store/Factory Location 27
Store/Plant Layout 28
Production Cost 30
Organizational Structure 33
Qualifications of Personnel 34
Office Equipment 35
4 FINANCIAL ASPECT 38
Sources of Financing 39
Financial Assumptions 40
9
Financial Analysis 46
Payback Period 46
Break-even Point 46
Profitability Ratio 48
Return on Investment 48
Liquidity Ratio 49
Current Ratio 50
Solvency Ratio 50
Schedules 52
5 SOCIO-ECONOMIC ASPECT 58
Customer 58
10
Community 59
Employment 59
Environment 60
Government 61
APPENDICES 62
CURRICULUM VITAE 64
11
List of Tables
1 Potential Market 5
5 Competitors’ Analysis 9
6 Pricing Structure 10
7 Projected Sales 11
9 Technical Requirements 18
10 Business/Production Schedule 22
12 Employees Compensation 23
14 Raw Materials 26
17 Qualifications of Employees 34
20 Sources of Financing 39
24 Payback Period 46
27 Return on Investment 48
30 Current Ratio 50
List of Figures
1 Service Process 20
2 Store Location 27
3 Store Lay-out 28
4 Organizational Structure 33
14
List of Schedules
1 Kitchen Equipment 52
2 Office Equipment 52
5 Leasehold Improvement 53
6 Depreciation Schedule 53
8 Partner’s Equity 54
CHAPTER 1
MARKETING ASPECT
selling expenses.
The marketing aspect is one of the most useful chapters in the feasibility study.
Showing how the business introduces its products/services to the potential market
emphasizing the marketing plan which is relevant to the operation of the business.
The fact that the proposed product/services will be accepted by the market is then
Product Description
in Filipino culture. It is the most important need of our body for the sustenance of
human life. Eating is so constant that Filipinos use the saying “kumain ka na?”.
We always ask these questions every time we meet people that we know as one
of our ways to remind them that it is a must to eat our meal every day. In fact,
thing for living beings to provide energy and development, maintain life, or
stimulate growth after air and water. It plays an important role in the promotion of
proteins, fats, minerals, and vitamins which are consumed to provide nutritional
Eating our meals at the right time is also a must and it should not be
stressed and hungry on a day. Aside from those skipping meals is not advisable
because it causes so many problems in our health such as anxiety, low energy,
The reason why we came up with a business that relates to food and we
named it Tasty Shack Food hub. Our business offers different kinds of meals and
fruit drinks that can satisfy the hunger of our customers. We aimed to serve them
dishes that would reminisce their memories and feel like they were at home. Tasty
Shack Food hub is a to-go business where they can easily order their meal in just
a short time, we decided to have this kind of practical method because our target
market is most students and employees who are very busy with their school
activities and work. Thinking that they are busy these people don’t have enough
time to cook their meals whether it is breakfast, lunch, or dinner that’s the time
when Tasty Shack Food hub will cross their mind that instead of spending time
cooking why not buy meals in Tasty Shack Food hub. Where we can offer them
the same dishes that normal Filipino people cook when they are hungry.
3
Target Market
location, including schools, hospital, and church. Those individuals were identified
as teachers, doctors, nurses, students, and residents, they are the business's
target market. Since the outbreak occurred, people have taken extra precautions
in order to safeguard their health. This reason led the business to provide a quick,
balanced a meal for our target market. who love to eat different kinds of rice with
toppings while trying to maintain healthy living. People who prefer picking a
simple, casual eatery are looking for quick-serve and affordable options. The last
thing your target audience wants to do is wait a few seconds for their food
because they are all in a rush. The Tasty Shack Food Hub is conveniently located
for easy access and provides customers with services that keep them comfortable
while waiting. The business wants to give our customers the choice to spend
suitable amount of their money on the food which is high quality and nutritious,
easy to prepare and quicker to get, more convenient, and most importantly
accessible to all. The primary goal of this company is to provide all of its target
Area Coverage
customers, and it is one of the most important factors for the business overall
success. In connection to this, the Tasty Shack Food Hub will be located at
regularly. The location is excellent since our target market, which consists of
nearby residents, students, teachers, health care providers, and other medical
professionals can easily access it. The gap between the intended customers and
Consumer/ Customer
Whether the business is small medium-sized, or huge, its customers are vital
to its success because it is through their purchases that the company makes its
The table shows the potential market that will avail the product, Tasty
Shack Food Hub. With the total population of 24,818 from the estimated
population of students and employees around area near the business location in
Tibungco and from the survey results that was conducted, there will be a total of
In this part of the study, the total potential demand and present supplier will
be discussed. There will be illustrations that will show the demand per product per
target market and the share of the competitors from the total demand of the
market will also be presented. This study will help us analyze the probability of the
business.
The table shows the potential customer visits per week with a total of
Competitors
Number of served demand per week
A 4,000
B 9,000
C 6,000
D 12,000
Total demand per week/month 31,000
7
The table illustrates four competitors which serve their product and
services per week. The results of the data were based on the interview conducted
by the proponents to each of the competitors and gave their estimated number of
quantity they can have from the unserved demand and to compare its pricing and
the cost.
62,660
X 0.05
For the proponents to determine the numbers of supply that the business
can cater based on the number of demands available in the market, the
sales, which taken from difference of the total demand of the product and the
amount of supply.
servings per week, divide into (6) days which has a estimated servings per day.
The proponents only used 5% based on the demand they can provide with
in production.
8
Present Supplier/Competition
new entry on how they will compete their competitors. The analysis, will enable
the business to construct their own strategies to protect business from threat and
to identify opportunities.
Competitor’s Analysis
This involves assessing current and future rivals, their strengths and
weaknesses, and their pricing structures. This aspect adds complexity to the
business landscape. Business can use this data to develop strategies for both
The table above illustrates that the competitors exhibit varying strengths
location and fast service but limited offers and insufficient space therefore, our
business offers enough product and sufficient space for our target customers to
unhealthy food and slow services. Therefore, we commit to offering healthy and
nutritious products, since our target customers include students and we intend to
expand our staff to ensure speedy service and maintain the quality of our product.
Competitor C an affordable and nutritious food but dust prone area and
cleanliness, for that reason our business ensure that area maintain cleanliness
and not a dust prone for the safety of customers. Competitor D produce an
expensive product and too far for the market area therefore our business offers an
Product Price
gathered data through surveys. Our pricing strategy is based on the data collected
10
from respondents who indicated a preference for prices ranging from 50 to 70, as
well as an analysis of our competitors’ prices, which range from 50 to 150. The
making it affordable for customers while offering a unique meal is the best
experience, they can have which will not found in our competitors.
= 3,133 in a week
implies that the business may not have the capacity to accommodate the total
demand of 100%. Instead, the researchers estimate being able to satisfy only 5%
GARLIC
FRIED RICE X
hotdog and 47% 1,473 65 95,745 382,980 4,595,760
egg with
fruit juice
GARLIC
FRIED RICE X
ham and 34% 1,065 65 69,225 276,900 3,322,800
11
tocino with
fruit juice
GARLIC
FRIED RICE X
fish nuggets 1% 31 65 2,015 8,060 96,720
with fruit
juice
GARLIC
FRIED RICE X
lumpiang 18% 564 65 36,660 146,640 1,759,680
shanghai
with fruit
juice
VEGETABLE
FRIED RICE X
hotdog and 33% 1,034 65 67,210 268,840 3,226,080
egg with
fruit juice
VEGETABLE
FRIED RICE X
ham and 33% 1,034 65 67,210 268,840 3,226,080
tocino with
fruit juice
VEGETABLE
FRIED RICE X
fish nuggets 14% 439 65 28,535 114,140 1,369,680
with fruit
juice
VEGETABLE
FRIED RICE X
lumpiang 20% 626 65 40,690 162,760 1,953,120
12
shanghai
with fruit
juice
BIRYANI
FRIED RICE X
hotdog and 29% 909 65 59,085 236,340 2,836,080
egg with
fruit juice
BIRYANI
FRIED RICE X
ham and 29% 909 65 59,085 236,340 2,836,080
tocino with
fruit juice
BIRYANI
FRIED RICE X
fish nuggets 18% 563 65 36,595 146,380 1,756,560
with fruit
juice
BIRYANI
FRIED RICE X
lumpiang 24% 752 65 48,880 195,520 2,346,240
shanghai
with fruit
juice
The table above shows the Tasty Shack Foodhub anticipated sales on a
weekly, monthly, and yearly basis. The pricing information within the table was
derived from consumer surveys and their budget considerations. The business
13
had an expectation that the weekly sales of the entire product would reach
multiplied by 4 since the business operated for four weeks in a month, resulting in
effectively promoting the Tasty Shack Foodhub, our company's location already
offers a way to successfully launch our products onto the market. Since the
represents the target market, individuals are going to talk about the products. The
company has a location in Tibungco, Davao City. a truly ideal site to construct a
business. The next strategy is to create new packaging style and meaningful logo
as look for the beauty of the Tasty Shack Food Hub to highly get the attention of
the customers.
Practices of Competitors
Enterprises will face competition from our Tasty Shack Food hub locations,
which are already running and close by in the retail shop but have nothing in
common with our brand. Customers can place full-service orders for soft drinks
and other types of beverages from competitors. In addition to these, each has
The mission of Tasty Shack Food hub was to provide products that
customers would find appealing, affordable, and delicious. In order to improve the
packaging designs, interesting logos, and ways that emphasize the aesthetic
appeal of the products we sell. Due to the city government's "no single use
plastic" advocacy, Tasty Shack Food hub will use new packaging that is quite
simple and recyclable instead of the old way, which involved plastic bags. As a
throwaway packaging is printed with the brand name of the company and its
products. Customers can then quickly recall the goods that stand for the Tasty
Shack Food hub. Before the store opens, the owners will set up a display with a
sound system, a tarpaulin with a logo that matches the products, balloons, we will
broader media will be explored, and free samples of various kinds of chocolates
and announce the Tasty Shack Foodhub's first appearance at the area. The
owners will work extremely hard to satisfy customers so they can enjoy what the
business has to offer. The business owners will be dedicated for growth as a
result of the opening and look for possible companies that will help with the
conveyance of their goods. In addition to selling products that are affordable to its
support.
size
₱3,690 for its promotion, it was decided to peacefully relieve with some beautiful
music from a music player, hang tarpaulins with the company's logo on them, give
CHAPTER 2
This chapter product process and activities are presented. The necessary
16
needs, and a waste disposal system are all included. The site and store layout, a
map of the area, raw materials, and utilities are also included. Additionally, it will
list the tools and machinery employed during production to convert raw materials
Technical Requirement
The company's registered name is Tasty Shack Foodhub. In order for the
business to operate efficiently, it abides by the regulations and laws set forth by
machinery is an example of internal factors that ensure the product meets the
high requirements, and the cleaning and inspection of the ingredients required for
manufacturing. They also have a rule about cleaning the office before leaving.
The provision of excellent customer service is one of the external elements. The
company ensures that clients obtain superior drinks at reasonable costs and
requirements for opening a business. All investors and business people are
17
obliged to obtain a business license in the location where they wanted to establish
their company. A business must be registered with the Department of Trade and
Health and Insurance Corporation (Phil Health), the Department of Trade and
Industry (DTI), the Securities and Exchange Commission (SEC), the Bureau of
Internal Revenue (BIR), the Department of Labor and Employment (Dole), and the
Before starting a business, its owner must register with the Department of
Trade and Industry (DTI). Before a business name may start legally using it, it
must first be registered. By using the DTI's aid, the owner can be certain that no
other individual or group may legitimately use their business name anywhere in
the Philippines. For businesses, partnerships, and cooperatives, the DTI has laid
500. (₱15.00). Application forms properly completed and signed, two (2) copies,
These are the forms that must be submitted to the Securities and
and Registration Data Sheet. Articles of Partnership (for Limited Partnerships, this
should be signed under oath); additional standards for a specific industry. Stock
Certificate of Deposits (notarized in the city or county where the bank is located),
Resolution of the Board of Trustees stating that the organization will abide by SEC
with the Department of Trade and Industry (BIR) for taxation purposes. The steps
for registering with the Bureau of Internal Revenue are as follows (BIR). Get a Tax
Identification Number (TIN) permanent record file number from the closest BIR
regional district office first. Second, file a business/trade name registration with
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the BIR Revenue District Office (RDO) that has authority over the business
the DTI or the SEC, and a certificate of business name registration from the DTI.
Last but not least, make the following payments to the RDO's approved agent
banks: the yearly registration charge of ₱500.00, the Certificate Fee of ₱15.00,
and the Documentary Stamp Tax of ₱0.50. (₱15.00). The list of costs for
Cost
Technical Requirements
(in Peso)
SEC Registration
Name Registration 50.00
Articles of Partnership 500.00
Business Registration 1,668.00
SEC Bulletin 500.00
Documentary Stamp Taxes 150.00
BIR Registration
Registration 530.00
Print Receipts & Invoices 180.00
Barangay Clearance 200.00
Community Tax Certificate 200.00
FDA Registration 800.00
Mayor’s Permit
Electrical Inspection Fee 750.00
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Production/Operations Process
product that the business will provide. These are the measures and stages to
follow to prepare and serve the product: fried rice with toppings on top with fruit
process.
The Tasty Shack Foodhub stall will be operating from Monday to Saturday
intended to target our customers' breakfast, lunch, and dinner. All the needed
materials, equipment, and machinery that will be used in making our product will
be prepared in the evening before the next day to make the work more efficient
and fast on the next day of opening the business and that includes all the
ingredients that we needed to make the fried rice, toppings, and fruit juice.
21
Aside from that personnel/vendors will ensure that the environment is clean
and safe, especially in the stall areas, we will make sure that our location is
cleaned as well as the utensils that our business will use. We will conduct a full
sanitation and sterilization. During our operations, our employees will wear
aprons, gloves, hairnets, shoes, and face masks to provide the customer with a
Operation Process
STEP 1 Customers will enter the store, and then go straight to the 1 minute
counter area to order.
STEP 2 The assigned cashier will entertain the customer, ask 1-2
about their order, and then confirm the order, once done minutes
payment will be processed.
STEP 3 After the payment, the cashier will issue a receipt. The 15
customer will then be told to wait for their orders to be seconds
served to them.
STEP 5 Once the staff finished preparing the order it will give 15
immediately to the customers. seconds
to serve the customers. The service process will start the moment a customer
22
approaches the counter, the staff will greet the customers, and ask what they
want to order. The transaction process will continue until the payment and order
will be served.
Placing orders and payment to the cashier will take 1-2 minutes depending
preparation of the order, it will take 10-15 minutes depending on the order.
Serving the food takes 15 seconds. But the staff will assure them to give the
fastest and most convenient way of providing the needs of our customers.
Production Schedule
The production schedule is very important for the timetable that a product
or service takes in order for it to become ready when the customers want to buy.
Monday – Saturday 7 am – 7 pm
Sunday Closed
The table above shows the Tasty Shack Foodhub daily schedule, the stall
will open from 7 in the morning until 7 o'clock in the evening from Monday to
Sunday. Every Sunday our stall will be closed for a rest day.
23
Putting orders and payment procedures will need a cash register operated
by a cashier. In cooking rice, we will use a rice cooker and a gas stove for making
the different varied of fried rice. A refrigerator is important for frozen toppings to
avoid early contamination. In making fruit juice an ice maker for an automatic ice
cube maker and a juice machine with a three dispenser to store. The train staff
are in charge of making the fried rice and toppings with decree of cleanliness and
The table illustrates the personnel and equipment required for production.
There are three distinct tasks that must be completed, and the labor necessary for
24
those tasks is just three employees. A machine is also required to prepare the
The information given reflects the salary for each employee. According to
the daily minimum wage rates, the cashier receives a salary of 650 per day, the
cook is paid 700 per day, and the service crew members are paid 600 per day.
a six-day workweek, which equates into an annual total salary expense for the
Machinery/Equipment Requirement
The machine and equipment for the business includes the following: Ice
maker, Refrigerator, Gas stove, Stainless steel wok, Rice cooker, Tongs, Knife,
Kitchen sink, Floor rug, Cooler, and etc. Machines and Equipment are essential
for businesses to streamline operations, reduce costs, maintain quality, and stay
competitive in today's market. Also, the goal is ensuring that customers are happy
25
with the products or services they receive. Happy customers are more likely to
and piece of equipment that is required for the business is listed in the table. Its
entire value is 314,488.00 Pesos. The stated costs came from a number of
physical and online stores. The company must use this equipment to produce and
provide a product that is both appetizing and nutritious. This makes the product
1 tray
Tocino 3 299.00/ 897.00 5,382.00 21,528.00
1 kg 258,336.00
Ham 1 320.00/ 320.00 1,920.00 7,680.00 184,320.00
100 pcs
Fish 6 99.00/ 594.00 14,256.00 171,072.00
Nuggets 200g 3,564.00
get for the raw materials is shown in the table. These fundamental resources will
29
be the company's main focus, and they will have a total operating cost of 7,625.00
per day, 43,770.00 per week, 183,000.00 per month, and 2,288,150.00 per year.
Raw materials are crucial to the success of the business in the production
process. We must guarantee that every product we offer is high-quality, fresh, and
safe for our cherished customers. The raw materials' cleanliness and freshness
The proposed project is located at Tibungco, Davao City in front of the St.
Plant Layout
30
The store layout consists of a menu for the list of available food and drinks,
kitchen for cooking and preparing the food orders and chairs for customers while
City where the place regulated a strictly proper waste disposal. Businesses must
available options. It is your responsibility of taking care and to ensure that your
As a way to protect the environment, the corporation will teach itself how to
manage its garbage by providing specific trash cans for each sort of waste. For
biodegradable, recyclable, and residual garbage that the company may produce
during production and operation of the business, the company will provide trash
cans that are separated according to their classifications. The Environmental Solid
Waste Management Ordinance of 2009 No. 0371-10 was published by the City's
10. According to the "Mandatory Segregation of Solid Waste" law, all commercial
All employees and staff will be required to treat food and the environment
with care in order to ensure that customers feel the food they are going to eat is
clean and safe, and as a result, they will support the business. The extra food will
One of the most crucial factors to take into account when starting a
business is quality. By keeping an eye on the storage rooms and keeping them at
a certain temperature, we can preserve the high quality of our goods and prevent
any conflicts with our consumers. The company makes sure the product and
ingredients are sensitive by keeping them at room temperature. The crew and
employees are also in charge of maintaining the cleanliness of the facility and of
32
the machinery. Additionally, the crew wears appropriate safety gear and clothing,
Foodhub operates in the food industry and directly relies on good hygiene has an
required to come to work with clean clothes and a hair net. Because we value our
customers' health, they must likewise practice good hygiene at all times. By
making sure that all of the items we offer have passed a quick examination by
only the employees but also the raw materials or components on a regular basis.
Finally, we will do everything within our power to ensure that our devoted
Production Cost
associated with manufacturing. The table shows below the production costs that
the business will need to cover within a week to produce the product.
Table 16. Tasty Shack Foodhub Total Production Cost per Year
The table shows the total production cost per year. The total weekly
production cost is Php 43,770.00 multiplied by 4 weeks per month which is Php
33
183,000.00 and by 12 months in a year to get the total of Php 2,288,150.00. The
value of the production cost per day is based on the proponent’s assumptions of
Seasoning ₱1.29
Soy Sauce ₱1
Vinegar ₱1
Ketchup ₱3
Juice/Drinks ₱2.5
TOTAL ₱50.86
CHAPTER 3
ORGANIZATION AND MANAGEMENT ASPECT
35
This chapter contains the organizational and management aspects that will
be used in the study. This includes the following: the legal form of business,
chart of activities.
Legal Forms
registered as a partnership type of company structure. This will consist of five (5)
owners, where each owner will contribute equally to meet the initial capital that is
brilliant way to raise money quickly and increase the possibility that each will
A partnership allows for a more equitable division of tasks and the sharing
of effort and responsibilities, which lessens the pressure on each member. The
and shared decision-making are just a few of the difficulties that can arise in
procedures, and dispute-resolution procedures. Aside from that the partners will
also be able to borrow more money because it has unlimited liability. A simple and
clear to modify the legal form if circumstances change after the partnership is
formed.
Organizational Structure
36
The organizational structure will show the pattern in terms of its chain of
Owner/
Manager
Cashier
Cook
Service Crew
business operates to achieve its goals and objectives and for the employees to be
productive and their respective work. The manager/owner of the business is the
one who will manage and supervise the whole business operation. They are the
ones who are in charge of managing the business finances, inventories, planning,
and marketing. On the other hand, the cashier is in charge of taking orders from
cook is also responsible for handling the supply of raw materials and other
ingredients as well as processing the customer's order. Lastly, the service crew is
responsible for giving a customer excellent service, serving the orders, and
The table above shows what are the qualifications of each personnel and
essential aspect in a particular business because the said business needs this
kind of people for the business will operate every day. For the business to run we
need 1 cashier, 2 cooks, and 2 service crew. All of them has different kind of
duties and responsibilities, as well as different daily rate/monthly rate. The cashier
will earn sixteen thousand nine hundred pesos (16,900) per month, the cook
earns eighteen thousand two hundred pesos (18,200) per month, and the services
crew will earn fifteen thousand six hundred pesos (15,600) per month.
Office Equipment
The following is the equipment needed together with their cost this equipment is
TOTAL 5,095.00
J F M A M J J A S O N D
Activities A E A P A U U U E C O E
N B R R Y N L G P T V C
Find a location
Hire employees
Training employees
Business advertising
The Gantt Chart above illustrates the actions for business planning. These
are the exact activities that will be conducted in our business, such as choosing a
product that we will create and then making it available to our customers in the
first month. For the month of January to March 2024, managers/owners decide
what product should be created and there will be a preparation for the Feasibility
Study, we are confident that the product is useful and accurate for our business.
After a month of preparation, we found an exact location where we could build our
physical store and conducted an online survey for our target customers from
February to March 2024. Assessing the location's suitability for the company and
activity.
The financial analysis of the product will be the fifth action. Owners will
suitable site for our actual store and submitted a rental application. The success
of a business hinges on choosing the ideal site that blends in with its
surroundings. Permits and registration will be the focus of our attention in the
seventh month. We will make sure that we have the required legal papers before
equipment, as well as the furnishings and fixtures required for the operation and
members and hunt for qualified candidates who could benefit the company. Then
train them, inform them of their duties in their various tasks, and make sure they
are familiar with the company's rules and regulations. To ensure that the
consumer is aware of our continuous product, we must advertise and promote it.
This takes two months, from the month of October to November, for the second to
final action, which is to publicize the firm. Finally, we will begin the opening of the