Baconic Corner Finallll Revised

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 97

BACONIC CORNER |i

BACONIC CORNER

FEASIBILITY STUDY
Presented to the Faculty of the
Business Administration Department
College of Management and Accountancy
PHINMA, Cagayan de Oro College, Cagayan de Oro City

In Partial Fulfillment
Of the Requirement for the Degree
BACHELOR OF SCIENCE IN BUSINESS MANAGEMENT

Aculan, Jenny N.
Baguio, Quen Ann
Bucag, Harlen S.
Caculba, Marialou Erica A.
Canete, Mark Jay M.
Cuador, Mabelle A.
Leocadio, Dianne G.
Limbo, Hurry A.
Manatom, Jane Nicole A.
Marabellas, Marry Grace B.
Pactain, Angel Vern B.
Pagayon, Abegail N.
Yanga, Christine G.
BACONIC CORNER | ii

APPROVAL SHEET

This Feasibility Study entitled “BACONIC CORNER” prepared


and submitted by Jenny Aculan, Quen Ann Baguio, Harlen
Bucag, Marialou Erica Caculba, Mark Jay Canete, Mabelle
Cuador, Dianne Leocadio, Hurry Limbo, Jane Nicole
Manatom, Marry Grace Marabellas, Angel Vern Pactain,
Abegail Pagayon, and Christine Yanga in fulfillment of the
requirement for the degree BACHELOR OF SCIENCE IN
BUSINESS ADMINISTRATION, has been examined.

ROWENA T. PUYO, LPT VIA H. QUILAB, LPT


BSBA-MM Adviser BSBA-FM Adviser

DR. SUEHARA VANITY M. BARIT


BSBA – MM Adviser

PROFESSIONALS
Duly checked and approved by professionals’ dates on
January 3, 2021.

Anna Mair P. Ortega


Food Technologist

Kristyl Joyce G. Samiao, CPA, CTT Engr. Allen Dale G. Fabro


Certified Public Accountant Civil Engineer

Accepted in fulfilment of the requirement for the course,


BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION.

ROWENA T. PUYO, LPT VIA H. QUILAB, LPT


BSBA-MM Adviser BSBA-FM Adviser

DR. SUEHARA VANITY M. BARIT


BSBA-MM Adviser

FEBRUARY 2021
BACONIC CORNER | iii

ACKNOWLEDGEMENT

First and foremost, praises and thanks to God, the


Almighty, for His showers of blessings throughout our
research work.
We would like to express our deep and sincere gratitude
to our research instructor Ma'am Via H. Quilab, LPT for giving
us the opportunity to do research and providing invaluable
guidance throughout this research. It was a great privilege
and honor to work and study under her guidance. We would
like also to extend our heartfelt thanks to Engr. Allen Dale G.
Fabro who helped us construct store layout as a place where
we can sell the product. A debt of gratitude is also owed to
Food Technologist Ma'am Anna Mair P. Ortega who gave us
time to examine the product we proposed including the
materials we used and gave us critique to improve it as well.
And another special thanks to Ma'am Kristyl Joyce G. Samiao,
CPA, for helping us solve the financial study of our research.
The completion of this study could not have been possible
without the expertise of these people.
Last but not the least, we are extremely grateful to our
parents for their love, prayers, caring and sacrifices for
educating and preparing us for the future. And, to all
members of this research for the keen interest shown to
complete the research successfully.
BACONIC CORNER | iv

Table of Contents

TITLE: BACONIC CORNER............................................................ I

APPROVAL SHEET ........................................................................ III

ACKNOWLEDGEMENT ................................................................. III

LIST OF FIGURES .......................................................................... VI

LIST OF TABLES ......................................................................... VIIII

CHAPTER 1. GENERAL BUSINESS DESCRIPTION . ERROR!


BOOKMARK NOT DEFINED.
A. Project Proponents........................................................ 1
B. Proposed Name of Business .......................................... 3
C. Business Logo ............... Error! Bookmark not defined.
D. Type of Business Organization ..................................... 5
E. Operating and Business Hours ..................................... 6

CHAPTER II. ORGANIZATIONAL AND MANAGEMENT


STUDY ................................................................................................ 7
A. Personnel Involved in the Business............................... 7
B. Organizational Structure ............................................ 12
C. Working Schedule ......... Error! Bookmark not defined.

CHAPTER III. MARKETING FEASIBILITY ............................ 15


A. Product Description .................................................... 15
B. Product Portfolio......................................................... 15
C. Market Description ..................................................... 18
D. Location Of The Business ........................................... 19
E. Competitive Analysis .................................................. 20
F. Survey Result And Analysis ........................................ 22
G. Demand Analysis ....................................................... 39
H. Marketing Strategy ..................................................... 40
I. Pricing ......................................................................... 41
J. Promotional Activities ................................................. 42
K. Sales Forecast ............................................................ 45
L. Sample Size ................................................................ 46
BACONIC CORNER |v

CHAPTER IV. RODUCTION / TECHNICAL STUDY ............ 48


A. Production Process Flow Chart ................................... 48
B. Production Ingredients ............................................... 49
C. Production Measurement ........................................... 50
D. Manpower Requirements ............................................ 51
E. Raw Material Requirements ........................................ 52
Raw Materials and Product Shelf-life .......................... 54
F. Suppliers .................................................................... 55
Supplier Agreement .................................................... 57
G. Machineries And Equipment ...................................... 59
H. Manufacturing Layout ................................................ 61
I. Storage ........................................................................ 63
J. Wastes Disposal.......................................................... 63

CHAPTER V. FINANCIAL STUDY ............................................ 64


A. Projected Statement of Financial Performance ............ 64
B. Projected Statement of Financial Position ................... 65
C. Financial Study Analysis ............................................ 66
D. Projected Statement of Cash Flow .............................. 67
E. Projected Statement of Changes in Partner’s Equity ... 68
F. Notes to Financial Statements .................................... 69

CHAPTER VI. SOCIO – ECONOMIC STUDY ......................... 70


A. Methodology ............................................................... 70
B. Corporate Social Responsibility .................................. 71
C. GANTT-Chart Activities .............................................. 72

APPENDICES ................................................................................. 73
SURVEY QUESTIONNAIRE ............................................. 73
CURRICULUM VITAE ...................................................... 77
BACONIC CORNER | vi

LIST OF FIGURES

Figure 1 Business Logo 4


Figure 2 Organizational Structure 12

Figure 3 Product Portfolio 17


Figure 4 Location of the business 19
Figure 5 Respondents according to age 23
Figure 6 Respondents according to sex 24
Figure 7 Respondents according to the status 25
Figure 8 Respondents according to the
monthly income/allowance 26
Figure 9 Respondents according to Occupation 27
Figure 10 Respondents who have heard
our product 28
Figure 11 Respondents who are willing to buy
after knowing/ tasting our product 29
Figure 12 Average Daily Food Allowance 30
Figure 13 Respondents with the amount they
are willing to spend on our product 31
Figure 14 No. of times respondents want to
buy our product 32
Figure 15 Specific time of day respondents
like to avail the product 34
Figure 16 Ways on how respondents
avail our product 35
Figure 17 Different flavors of Sweet and Spicy
Pinyabacon that respondents want to try 36
Figure 18 Different fillings/toppings that
respondents want to try 37
Figure 19 Respondent’s willingness to recommend 38
the Pinyabacon to other people
BACONIC CORNER | vii

Figure 20 Manufacturing Layout 61


Figure 21 Layout Dimensions 62
BACONIC CORNER | viii

LIST OF TABLES

Table 1 Project Proponent 1


Table 2 Operational Schedule 6
Table 3 Personnel Involved 7
Table 4 Work Schedule 13
Table 5 Competitive Analysis 20
Table 6 Survey Summary Table 22
Table 7 Promotional Activities 42
Table 8 Production Ingredients 49
Table 9 Production Management 50
Table 10 Raw Materials Requirement 52
Table 11 Suppliers 55
Table 12 Machineries and Equipment 59
Table 13 Gantt Chart-activities 72
BACONIC CORNER |1

Chapter 1. General Business Description

This chapter presents the General Business Description


of Baconic Corner. This also includes the Project
Proponents, Proposed Name of Business, Business Logo,
Type of Business Organization and Operating and
Business Hours.

A. Project Proponents

Table 1: Proponents Contribution Percentage

% of Type of
Name Nationality Address Ownership Partner
Aculan, IBA Dansolihon General
Filipino 7.70%
Jenny N. CDOC Partner
Baguio, Filipino Sumilao General
7.70%
Quen Ann Bukidnon Partner
Filipino Paglaum
Bucag, General
Camaman-an, 7.70%
Harlen S. Partner
CDOC
Caculba, Filipino
General
Marialou Agora Lapasan, 7.70%
Partner
Erica A. CDOC
Canete, Filipino Purok 5 Cluster
General
Mark Jay Mabini Gusa, 7.70%
Partner
M. CDOC
Cuador, Filipino Zone 6 Baikingon, General
7.70%
Mabelle A. CDOC Partner
Leocadio, Filipino Montalvan Velez, General
7.70%
Dianne G. CDOC Partner
Filipino Paglaum,
Limbo, General
Camaman-an 7.70%
Hurry A. Partner
CDOC
Manatom, Filipino
General
Jane Nicole Zone 3 Pagatpat, 7.70%
Partner
A. CDOC
Marabellas, Filipino
General
Marry Salay, Misamis 7.70%
Partner
Grace B. Oriental
Pactain, Filipino Zone 2 Pualas
General
Angel Vern Baungon, 7.70%
Partner
B. Bukidnon
BACONIC CORNER |2

Filipino Purok 2A Kinura,


Pagayon, General
Kalilangan, 7.70%
Abegail N. Partner
Bukidnon
Yanga, Filipino Zone 1 A Kiliog, General
7.70%
Christine G. Libona, Bukidnon Partner
TOTAL 100%
BACONIC CORNER |3

B. Name of Business

Baconic (Bacon Iconic) is originally came from the name


of Spicy Sweet Bacon Wrapped Pineapple Bites. Why baconic
or bacon iconic? Nothing really, we just abbreviated this name
from the original name. It's as beautiful as hearing this name.
Spicy Sweet Bacon Wrapped Pineapple Bites
caramelized with brown sugar and hot sauce make a perfect
sticky, sweet, spicy, fruity bacon bite your guest will love in
just minutes! This slogan is originally from Ms. Sabrina
Snyder a blogger chef and dessert expert from Sunny,
California, USA in year 2007. She is the source of our
business proposal through her blog.
Since then, quite a few people know about this
dish/dessert but only a few have set up a business. Here in
our country only talented chefs or food lovers know about this
food. So, our group thought of proposing a business from this
food. The only difference is the name because we changed it
and made it shorter to make it more unique and pleasant to
listen to and easy for guests to remember in case this proposal
goes ahead. All the ingredients and procedures in its cooking
are unified other than this original name where and who first
came up with this dessert. We think our business proposal
will be successful by chance. Costumers will know it better
and will be popular in our town through our proposal because
of this unique name.
BACONIC CORNER |4

C. Business Logo

Figure 1. Business Logo

Our business logo is inspired by minimalist type of logos


which is a top choice among business brands. It’s simple,
clean, and minimal. We've spent a lot of time working on this
simple logo and feel it's a good representation of the brand.
The word BC represent the word “baconic corner”. We
put the BC in the center since it is the acronym of our
business name which is Baconic Corner.
The graphic behind the word BC which are the bacon,
and the pineapple represents our main dish which is “Spicy
Sweet Bacon Wrapped Pineapple Bites”.
We choose light gray as our background color because
it encompasses a neutral value and combines a cool and warm
temperature. A great light neutral option to pair with brighter
or darker tones.
The shape circle means continuity; we, the finance and
marketing students and a group of friends, wanted to see the
business as perpetual. It also shows friendship and unity, and
that as a business organization built amid a pandemic, we will
remain intact and committed.
BACONIC CORNER |5

D. Type of Business Organization


A partnership business, by definition, consists of two or
more people who combine their resources to form a business
and agree to share risks, profits, and losses. There are two
different types of partners that exist in these business
arrangements: general partners and limited partners. In a
general partnership, each partner shares equally in the
workload, liability, and profits generated and paid out to the
partners. While limited partnerships allow outside investors
to buy into a business but maintain limited liability and
involvement, based on their contributions.
Our business entity concept has an organization of a
general partnership wherein all partners add to the work daily
basis operations. Thus, everyone needs to provide equal
shares of capital to divide our profits. As involved in a
partnership, we could separate profits and losses and can
raise a larger amount of assets than a sole proprietorship.
BACONIC CORNER |6

E. Operating and Business Hours

Baconic Corner is always online and ready to serve


you by just tapping your phone. In few minutes your order
is on your doorstep. At this time of pandemic our
customers no need to go to our store to buy our sweet and
spicy pinya bacon because we are offering a delivery
service as we assured the health of our valued customers
Table 2: Operating Schedule

Operating Operating Time Activities


Days
Monday 8:00am – 12nn ✓ Collecting
orders through
all forms of
communication
(social media,
text messages,
calls)
Tuesday 8:00am – 12:00nn ✓ Production
1:00 pm – 5:00pm ✓ Delivery of
Orders
Wednesday 8:00am – 12nn ✓ Collecting
orders through
all forms of
communication
(social media,
text messages,
calls)
Thursday 8:00am – 12:00nn ✓ Production
1:00 pm – 5:00pm ✓ Delivery of
Orders
Friday 8:00am – 12nn ✓ Collecting
orders through
all forms of
communication
(social media,
text messages,
calls)
1:00 – 3:00pm ✓ Production
3:00pm – 5:00pm ✓ Delivery of
Orders
BACONIC CORNER |7

Chapter II. Organizational and Management Study


This chapter discusses about the entire Organizational
and Management Study. The company suggests a clear and
precise identification of duties and responsibilities.
This also contains the organizational structure and working
schedule of the people involved in the formation of the
business organization structure.
A. Personal Involved in the Business
Table 3: Personal Involved

NAME JOB TITLE JOB DESCRIPTION


Aculan, Jenny N. ✓ Prepare a
Baguio, Quen Ann business plan
Bucag, Harlen S. and a budget.
Caculba, Marialou ✓ Make financial
Erica A.
arrangements
Canete, Mark Jay Partners/Owners and conduct
M.
recruitment.
Caudor, Mabelle A.
✓ Examine the
Leocadio, Dianne G.
production report
Limbo, Hurry A.
in relation to
Manatom, Jane
sales.
Nicole A
✓ Employs to carry
Marabellas, Mary
out the purpose
Grace B.
of the business.
Pactain, Angel Vern
✓ Entails providing
B.
solution to
Pagayon, Abegail N.
business
Yanga, Christine G.
challenges.
✓ Concerned with
BACONIC CORNER |8

customer/client
satisfaction and
feedback from the
members of the
public

✓ Make excursions
to make key
inventory
purchases.
✓ Managing day-to-
Yanga, Christine G. General day operations of
Manager the company
✓ Creating and
implementing
expansion
strategy.
✓ Budget creation
and
management.
✓ Performance and
productivity are
assessed.
✓ Identifying and
researching
development
prospects.
✓ Analyzing
accounting and
financial data.
BACONIC CORNER |9

✓ The financial
officer ensures
Leocadio, Diane Financial
operational
Officer
excellence by
performing
managerial tasks,
such as
scheduling,
maintaining
inventory, and/or
evaluating
employee
performance.
✓ Responsible to
meet profit
targets, keep
controllable
expenses and
supplies within
approved
budgets.
✓ Developing
strategies and
Pactain, Angel Vern Marketing
B. tactics to boost
Officer
Baguio, Quen Ann
the company’s
Manatom Jane
reputation and
Nicole A.
drive qualified
traffic.
✓ Analyzing market
trends and
BACONIC CORNER | 10

preparing
forecasts.
✓ Responsible for
Bucag, Harlen S. Production
the technical
Pagayon, Abegail N. Officer
management,
Caculba, Marialou
supervision, and
Erica A.
control of
industrial
production
processes. It
ensures that the
production will be
cost effective by
estimating costs
and negotiating
and agreeing
budgets with
both clients and
managers
✓ The cashier will
Marabellas, Mary Cashier
scan the
Grace B. customer’s
selections,
ensure that
prices and
quantities are
accurate, accept
payments, issue
receipts, answer
inquiries, and
BACONIC CORNER | 11

provide helpful
information to
customers
products,
promotions, or
item location.
✓ Everyone is liable
Aculan, Jenny Delivery Man to the daily
Caudor, Mabelle operation such as
Canete, Mark Jay collecting orders,
Limbo, Hurry and delivery.
BACONIC CORNER | 12

B. Organizational Structure

Yanga, Christine G.
(General Manager)

Leocadio, Dianne G.
(Financial Officers)

Baguio, Quen Ann


Manatom, Jane Nicole A.
Pactain, Angel Vern B.
(Marketing Officers)

Bucag, Harlen S.
Caculba, Marialou Erica A.
Pagayon, Abegail N.
(Production Officers)

Marabellas, Marry Grace B.


(Cashier)

Aculan, Jenny N.
Cañete, Mark Jay M.
Caudor, Mabelle A.
Limbo, Hurry A.
(Delivery Man)

Figure 2: Organizational Structure


BACONIC CORNER | 13

C. Work Schedule
Table 4: Working Schedule

DAY
NAME MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY
Aculan, 8:00 am- 8:00 am- 8:00 am- 8:00 pm- No
Jenny N. 5:00 pm 5:00 pm 5:00 am 5:00 pm Vacant
8:00
8:00 am- No 8:00 am- 8:00 am-
Baguio, am-
5:00 pm Vacant 5:00 pm 5:00 pm
Quen Ann 5:00 pm
8:00
Bucag, No 8:00 am- 8:00 am- 8:00 am-
am-
Harlen S. Vacant 5:00 pm 5:00 pm 5:00 pm
5:00pm
Caculba, 8:00
8:00 am- 8:00 am- 8:00 am-
Marialou No Vacant am-
5:00 pm 5:00 pm 5:00 pm
Erica A. 5:00 pm
Canete, 8:00
No 8:00 am- 8:00 am- 8:00 am-
Mark Jay am-
Vacant 5:00 pm 5:00 pm 5:00 pm
M. 5:00 pm
8:00
Cuador, 8:00 am- 8:00 am- 8:00 am-
No Vacant am-
Mabelle A. 5:00 pm 5:00 pm 5:00 pm
5:00pm
Leocadio, 8:00 pm- 8:00 am- 8:00 am- 8:00 am- No
Dianne G. 5:00 pm 5:00 pm 5:00 pm 5:00 pm Vacant
8:00
Limbo, 8:00 am- 8:00 am- 8:00 am-
No Vacant am-
Hurry A. 5:00 pm 5:00 pm 5:00 pm
5:00 pm
Manatom, 8:00
8:00 am- 8:00 am- 8:00 am-
Jane Nicole No Vacant am-
5:00 pm 5:00 pm 5:00 pm
A. 5:00 pm
BACONIC CORNER | 14

Marabellas,
8:00 am- 8:00 am- 8:00 am- 8:00 am- No
Marry
5:00 pm 5:00 pm 5:00 pm 5:00 pm Vacant
Grace B.
Pactain, 8:00
8:00 am- No 8:00 am- 8:00 am-
Angel Vern am-
5:00 pm Vacant 5:00 pm 5:00 pm
B. 5:00 pm
8:00
Pagayon, 8:00 am- 8:00 am- 8:00 am-
No Vacant am-
Abegail N. 5:00 pm 5:00 pm 5:00 pm
5:00 pm
Yanga, 8:00
No 8:00 am- 8:00 am- 8:00 am-
Christine am-
Vacant 5:00 pm 5:00 pm 5:00 pm
G. 5:00pm
BACONIC CORNER | 15

Chapter III. Marketing Feasibility

This chapter presents the overall description of the


product and how it is being market with the sequence of
product description, product portfolio shows the image of
Pinyabacon, market description based on the census, location
of the business, competitive analysis with its three indirect
competitors, survey result and analysis, demand analysis,
marketing strategy primary uses social media platform,
pricing, promotional activities, sales forecast, sample size and
the assumptions based on the survey results gathered.

A. Product Description
Baconic (Bacon Iconic) is originally came from the name
of Spicy Sweet Bacon Wrapped Pineapple Bites caramelized
with brown sugar and hot sauce make a perfect sticky,
sweet, spicy, fruity bacon bite your guest will love in just
minutes! Baconic Corner is always online and ready to
serve you by just tapping your phone. In few minutes your
order is on your doorstep. At this time of pandemic our
customers no need to go to our store to buy our sweet and
spicy pinya bacon because we are offering a delivery service
as we assured the health of our valued customers.
As we assured the health of our valued customers,
Sweet Spicy Bacon Wrapped Pineapple Bites is a healthy
food that provides benefits to our body since it is made of
Pineapple fruit which is an excellent source of vitamin C
essential for supporting bone health that may reduce risk
of osteoporosis. While molasses content from brown sugar
does contain certain minerals, most notably calcium,
potassium, iron and magnesium that give us higher energy
BACONIC CORNER | 16

levels. In all seriousness, bacon contains some nutritional


value, including high-quality protein, and high levels of
essential nutrients and vitamins including thiamin,
vitamin B12, magnesium, iron, zinc, naisin, and selenium.
One of the dietary benefits of bacon is that it has a high
protein to fat ratio, making it a good source of animal
protein. Lastly, if you enjoy spicy foods, there's promising
research that spices and peppers contain the compound
capsaicin that promotes weight loss and kick-start your
metabolism and an effective pain reliever too.
BACONIC CORNER | 17

B. Product Portfolio

Figure 3: Product Portfolio

This baconic Sweet Spicy Bacon Wrapped Pineapple


Bites is made of Wrap each chunk of pineapple with a piece of
bacon and secure with toothpicks. Place in a shallow baking
dish. In a small bowl, stir together the brown sugar, and hot
sauce; pour over the bacon wrapped pineapple.
BACONIC CORNER | 18

C. Market Description
Baconic Corner business focuses on its marketing
strategy by attracting and getting customers attention at 418
Hayes St. Pinikitan-Gayloa, Camaman-an Cagayan de Oro
City. The target market is on the said area.To keep Baconic
Corner customers up to date on the product, the company
has joined the trend by creating a Facebook page called
"Bacon Corner," where they can simply contact us for orders
via direct message and learn even more about the product
through regular updates, which would help the business
communicate with the customers daily since most millenials
and even the elderly are already active on Facebook. Moreover,
customers can also expect a slew of sales promotions each
month.
Regardless of the virtual marketing, the overall objective
is to connect with the target audience at the right place and
right time, and that is hassle free. We find that virtual
marketing to the customers easier—and more cost-effective—
to reach many people this way.
Our Bacon Corner product is for all the buyer who is
interested to purchase our product in just going to the said
area and easy step by turning to digital tools. We all know that
we are facing this pandemic so we can't gather together just
to line up and buy food at the store, so there is an easy way
to not go out and just turn the phone and search on Facebook
Page the name of our product which is BACON CORNER and
choose product and order.
BACONIC CORNER | 19

D. Location of The Business


The location of the business production will be at 418
Hayes St. Pinikitan-Gayloa, Camaman-an Cagayan de Oro
City.

Figure 4: Location of the Business


BACONIC CORNER | 20

E. Competitive Analysis

Competitors Product Name Supply Price


(Variance) per day (per
(Approx.) pack)
Greenwich Hawaiian Overload 50 boxes P99
Jollibee Bacon Cheesy 50 sets P85
Burger
Buffalo Resto Baconsilog 35 sets P135
Grill

Table 5: Competitive Analysis


Baconic Corner has identified three (3) Indirect
Competitors. They also offered product that is same with our
main ingredient which is the pineapple and bacon. But
apparently our product is much unique and affordable that
can be able to compete even against giant competitors.
The data presented above refers to the three competitors
nearby. The first one is Greenwich which is located at level 1
Hernando Pineda Building, Abuela Street Corner Pabayo
street, Barangay 1(POB), CDO, 900. Another competitor is
Jollibee that located at Brgy, JR Borja St, Corner Osmeña
Street, Cagayan de Oro, Misamis Oriental. And last one is the
Buffalo Restored grill located at Don Apolinar Velez St,
Cagayan de Oro, Misamis Oriental.
Furthermore, the table shows the number of boxes sold
per day. Greenwich has Hawaiian overload that sell 50 boxes
a day and 99 php per boxes (50 boxes× 99php=4,950).
Additionally, Jollibee sell 50 sets a day with their Bacon
cheesy yum burger that has a price of 85 php (50
sets×85php=4,250). Lastly, The Buffalo Resto Grill with their
BACONIC CORNER | 21

baconsilog that sell 35 sets a day having a price of 135 php


(35sets×135php=4, 725).
In conclusion, the data gathered indicates that our
business still has a market share in this field. Our
competitors' stores may have established their names already,
but Baconic Corner offers a unique product, a bacon with
distinctive fillings. In fact, we have a competitive advantage
over Greenwich, Jollibee, and Bufallo Resto Grill since we can
produce more at a lower cost, and in a more convenient
manner. Given the characteristics of our target market, the
students and employees of Cagayan de Oro City, majority
prefer to buy by box. To sum up, we believe the data shows a
healthy future
BACONIC CORNER | 22

F. Survey Result and Analysis


Table 6: Survey Summary Table

Age

15-25 311
26-35 50
36-45 4
46-55 4
56 and above 8

TOTAL 377
Sex

Male 111

Female 266

TOTAL 377

The table above shows the number of


respondents according to the age and sex of the possible
customers. It tells the majority of the company’s
respondents. The company uses this survey analysis to
measure the different tastes of people.
BACONIC CORNER | 23

Figure 5: Respondents according to Age

The table shows that in 377 total respondents there are


86% of respondents aged 15-25, 13% from 26-35 years old,
1% from 36-45 years old, 46-55 years old and 2% from 56
years old and above.
It was found out in the survey that the higher number
of the respondents are ages from 15-25 years old.
This implies that most customers who will buy our
product are the youths because nowadays, young people often
crave any snacks especially when they are just at home. Thus,
this also implies that the consumption of food was like a habit
for some of the participants or the like to modernism.
BACONIC CORNER | 24

Figure 6: Respondents according to Sex

We gathered our survey through online using social


media and it comes out that 71% of our respondents are
female and 29% are male.
This implies that majority of our respondents who will
buy our product are female and most of the female who love
to crave our yummy and delicious, sweet, and spicy pinya
bacon with the specialty of different flavors.
BACONIC CORNER | 25

Figure 7: Respondents according to Status

This table shows that 91% of our respondents are single


and 7% are married and 2% are living with their partner and
the rest are their status is in a relationship, paasa, and widow.
This implies that majority who will buy our product are
single because they are always craving for snacks. They just
love to spend their money in eating and buying our product.
BACONIC CORNER | 26

Figure 8: Respondents according to Monthly


Allowance/Income

This table shows the monthly allowance or income of


our respondents. This shows that 84% are having 5,000 php-
10,000 php monthly allowance and 8% having an allowance
of 11,000 php-20,000 php and 4% have an allowance of
21,000php-30,000 php and 2% having an allowance of 31,000
php-40,000 php also 50,000php and above.
This implies that having a monthly allowance/ income
of 5,000 php-10,000 php can afford to buy our product.
BACONIC CORNER | 27

Figure 9: Respondents according to Occupation

This table shows the occupation of our respondents.


This shows that 75% are student and 10% are self- employed
and 4% are government employee and 10% are private
employee and 1% are retired and the rest are room attendant,
entrepreneur, fresh graduate and somewhere in Canada.
This implies that majority of our respondents who buy
our product are the students. And followed by Self-employed
along with Private employee respondents. The figure above
shows that students are more likely to buy our products with
their high percentage. Therefore, we need to figure out and
work hard on making our product known in every level of
consumer.
BACONIC CORNER | 28

Figure 10: Respondents who have heard our product

The diagram shows that, out of 377 respondents there


are 59% aren't familiar about our product, while 41% have
heard about our product before.
This implies that, most of our respondents are not familiar
with our product. Therefore, it will ignite the interest of our
potential customer to try our product.
This implies that, most of our respondents are not
familiar with our product. The survey result proves that our
product promises potential marketing feasibility. By the help
of our market strategy to gain potential customers, we decided
to collaborate suggestions based on what we have seen and
read of our targeted buyers. Although, the customers find it
more interesting and newer to them the product. The
respective group finally decide to pursue and show how this
product will be love and affordable by every customer.
BACONIC CORNER | 29

Figure 11: Respondents who are willing to buy after


knowing/ tasting our product

The diagram shows that, out of 377 respondents there


are 93% willing to buy after knowing/ tasting our product
while there is 7% that is still not willing to buy.
This implies that, most of our respondents are willing to
buy and there are few that still hesitant in buying our product.
Therefore, we need to persuade and satisfy our customers to
help the business determine its working well of the product,
and assurance of improving what is needed for the sake of the
customers.
BACONIC CORNER | 30

Figure 12: Average Daily Food Allowance

This Diagram shows the daily allowances of Students


and employees in Cagayan de Oro City. This shows that 68%
of the sample surveys are students and employees having PHP
50.00-100.00 as allowance per day, and 13% having
allowance of PHP 101.00-150.00, and 11% having allowance
of PHP 151.00-200.00, and 2% with daily allowance of 201-
300, and 4% have an allowance of PHP 251.00-300.00, lastly
2% of respondents having PHP 301.00 above as their
allowance in a day. However, 1% of respondents have a daily
allowance of less than PHP 50.00.
This implies that 68 percent, 13 percent, 11 percent, 2
percent, 4 percent, and 1 percent of students and employees
with allowances starting at PHP 50-301 can afford our
product, and that a total of 99 % of the target market can
afford our product without limiting their budget in daily
needs.
BACONIC CORNER | 31

Figure 13: Respondents with the amount they are willing to


spend on our product

The survey above shows that there are 57 of


Respondents answer that they will spend P25.00 in the
product, 14% for P70.00 pesos, 1% for P15.00 pesos, 1% for
P45.00 pesos, 15% for P50.00 pesos, 11% for P75.00 pesos,
1% for P100.00 pesos and 0% for the prices ranges P5.00,
P30.00, P40.00, P55.00, P65.00, and P200.00
This implies that the respondents want to spend on
the product by the price ranges P25.00 pesos with an average
of 57% out of 100% who answered the question "What amount
are they willing to spend to buy our product". Thus, it is
obvious that many people are willing to try to spend 25 pesos
to our product "Sweet and Spicy Pinyabacon" which is
inexpensive and best suited to their pockets.
BACONIC CORNER | 32

Figure 14: No. of times respondents want to buy our product

This diagram illustrates that in the 377 respondents in


the survey, 62% tells that they will buy our product once a
day, and 27 % tells they will buy twice a day, and 3% shows
they will buy thrice a day. However, they're 2% of respondents
could buy our product once a week, and 1% twice a week, and
1% who don't want to purchase, lastly, 4% tells they will buy
depends on their own.
This implies that our product will be bought once, twice,
or thrice with highest probability throughout operational time
which is more convenient for our sales. But just in case we
add Saturdays and Sundays, the percentage we earn in total
may increase. These days people go out to wander around
because others are on day off these days and just hanging out.
There is also a high possibility that many will buy the product
we sell. There is also a high probability of increasing the
percentage of repeat buyers on weekends.
Sales increase significantly within the group of
customers, who were asked about their well-being.
BACONIC CORNER | 33

When customer get influenced to buy a particular product or


service, but some customers are based on their behavior.
BACONIC CORNER | 34

Figure 15: Specific time of day respondents like to


avail the product

The diagram shows that out of 377 respondents, 12%


of the population avail the product around 6:00am - 8:00am,
17% during 8:01am-10-00 am, 22% respondents’ avail at
10:01-12:00nn, 12% avails at 12:01pm- 2:00pm, 28% avail
between 2:01-4:00pm, and lastly 9% respondents avail our
product at 4:01pm - 6:00pm.
This implies that the most expected sales and most
salable time will be between 2:01pm and 4:00pm, and we will
need to produce more to the meet demand at this time.
Furthermore, it is more convenient for the customer to
purchase pinyabacon at this hour, which is why the company
already knows what to do and is prepared for this rush hour,
so the worker must double their time and effort to attend to
all of the customer's purchases while remaining courteous to
them.
BACONIC CORNER | 35

Figure 16: Ways on how respondents avail our product

The diagram shows that, out of 377 respondents


there are 33% who wants to avail our products via store pick
up, and 67% wants to avail it through Delivery.
This implies that, most of our respondents wants to
avail our products via delivery. Most especially during
pandemic customers are afraid to go outside not to expose
against virus aside from that, via delivery system is more
convenient to the customers. Therefore, delivery efficiency is
a must to meet the high expectation of our customers.
BACONIC CORNER | 36

Figure 17: Different flavors of Sweet and Spicy Pinyabacon


that respondents want to try
As shown in the chart above 25% of Respondents' want
to try Cheese flavor, 52% want to try Spicy flavor, 21% want
to try of Sweet and Sour flavor, 0% or no one want to try the
Sweet and Meaty, 1% want to try the Sweet and Spicy or
Cheesy and 0% who answers all flavor.
Based on the results, it shows that majority of the
respondents like Spicy flavor. As many wanted to eat spicy
flavor since spicy foods possess several health benefits.
McDonald (September 2018). They love spicy flavor for it is a
sensation seeking, satisfy cravings and people will also felt
more satisfied after eating spicy food.
BACONIC CORNER | 37

Figure 18: Different fillings/toppings that respondents want to


try

The bar graph presented above shows that 28.1% want


to try Cheese as fillings/toppings, 57% of Ham and Cheese,
7.7% of Ham Salad, 15.4% of Sausage, 14.6% of Cheese and
Onion and 13.5% of Egg Mayonnaise.
The results signify those respondents want to try the
Ham and Cheese. This is common type of fillings/toppings yet,
it is delicious and favorite of many.
BACONIC CORNER | 38

Figure 19: Respondents willingness to recommend the


Pinyabacon to other people

The chart presented above shows that 98% of


Respondents are willing to recommend our Product which is
the Sweet and Spicy Pinyabacon to their co-workers, family,
and friends and 2% of the Respondents answer No.
This implies that our product is feasible and their good
feedback towards the product have motivated us to pursue in
selling this in the market.
BACONIC CORNER | 39

G. Demand Analysis

Sweet and Spicy Pinyabacon are baked or cooked food


that is typically caramelized with brown sugar and hot
sauce make a perfect sticky, sweet, spicy, fruity bacon. It
may include other ingredients such as bacon, pineapple,
ham, cheese, rice, hot sauce, soy sauce, ground pepper
and calamansi. Since we are just in our home because of
pandemic, we have time to bonding with our family, and
we all need some food or snacks to eat. These sweet and
spicy pinyabacon snack is good for our health and satisfied
the cravings of everyone.

Taken as a whole, our survey proves that our product


promises potential marketing feasibility. There is a market
out there willing to accept an innovative product such us
ours. Although they haven’t heard and taste that food, they
are still willing to give it a try to experience new food.

Our survey result indicates that 93.4% of the survey


population are willing to buy our product with 51.7% are
preferred to buy with the spicy flavor, 25.5% prefer to
cheese flavor and 20.7% preferred sweet and sour flavor.
And this is beyond good for our business, as this
guarantees revenues. This is an assurance that this
venture will generate cash inflows to the business.

Our product is a combination of sweet pineapple and


bacon which none has introduced. Our respondents are
familiar with bacon but never tried it with pineapple so
Sweet and Spicy Pinyabacon is yet to make a name for
itself.
BACONIC CORNER | 40

H. Marketing Strategy
The proponents planned to create a marketing strategy,
which are through social media platform, Tarpaulin, and
flyers.
The first strategy is social media platform. By this
strategy we can easily sell and promote our products online.
There are some of people that more likely want to buy online
products because online buying is an easy way.
The second strategy is we simply distribute flyers and
post tarpaulins indicated the name of our products as well as
our logo. Through this strategy, people will know and get
interested with our product since people nowadays are more
on trying something new. By this strategy we can capture the
attention and attract customers to buy our products.
The third strategy is direct selling, we directly selling
our product to our interested customers so that they can
easily buy our products with no hustle. It is advantage to the
customers because there are some of people that is difficult
for them to go to our selling area and so we made this kind of
strategy. Since pandemic is still occurring, we must
implement this kind of strategy, minding the health and safety
of our customers. Instead of they should be the one to get here
in our main store, we will be the one who will sell it house to
house.
BACONIC CORNER | 41

I. Pricing

The pricing of our product which is Sweet and Spicy Bacon


Wrapped Pineapple Bites is designed based on the survey
questionnaire gathered by the researchers. The
researchers floated survey questionnaires with an option
of prices then the costing of products immediately adjusted
base from its sole so that it would compensate the pricing
from the survey questionnaire.

Our strategy as a start-up business is easy. The first


strategy is social media platform, by this strategy we can
easily sell and promote our products online. The second
strategy is we simply distribute flyers and post tarpaulins
indicated the name of our products as well as our logo.
Lastly, strategy is direct selling, we directly selling our
product to our interested customers so that they can easily
buy our products with no hustle.

The price of the product comes up to 65 pesos because


we considered some various factors such as prices of
ingredients, its packaging, and the overall expenses, then
just added small amount as Markup that everybody agreed
for.
BACONIC CORNER | 42

J. Promotional Activities

Table 7: Promotional Activities


Month Duration Activities Budget
January January 5- Free 20 pesos load 2,400
(2022) 10 for the first 10
buyers.

February February 14 Customers will get 1,300


(2022) another cup of
rice and another 1
kind of sauce if
purchased two
sets of baconic.
March March11-15 Free pineapple 850
(2022) juice for the first
30 buyers.
April (2022) April 23-25 Buy 1 set and 900
then take 2nd
purchase at 35
pesos
(First 10 persons
only)
May (2022) May 1-5 Free 50 pesos load 1,250
for the first 5
buyers
June (2022) June 18 20 % off on the 650
2nd purchase
(First 50 persons
only)
BACONIC CORNER | 43

July (2022) July 8-13 Free 1 slice 650


pineapple for the
first 50 buyers.
August August 5 30 % off on the 585
(2022) 2nd
purchase.
(First 30 persons
only)
September September Buy one take one 260
(2022) 27-30 for the first buyer

October October 1-2 Take an additional 1,400


(2022) 10% off if you
purchase worth of
PHP 80.00 or
more
November November FLASH SALE:
(2022) 1-3 USE CODE:
BACONICLLOWEN 1,956
Get 15% off for
buyers who
purchased with no
minimum spend.
December December One lucky winner
(2022) 1-24 will get a chance
to win a brand
new VIVO Y1s. 2,799
This raffle draw is
a thanksgiving
promo to all CDO
BACONIC CORNER | 44

customers who
purchase worth of
PHP 300 of
Pinyabacon from
December 1 to
December 24,
2022.
BACONIC CORNER | 45

K. Sales Forecast

Month Number of Quantity Unit Total


(2022) Weekdays to be Price Value
sold (PHP)
January 21 50 65 68,250
February 20 50 65 65,000
March 23 50 65 74,750
April 21 50 65 68,250
May 22 50 65 71,500
June 22 50 65 71,500
July 21 50 65 68,250
August 22 50 65 71,500
September 22 50 65 71,500
October 21 50 65
November 22 50 65
December 22 50 65
TOTAL 259 50 6.500 841,750
Total Sales 841,700
in 1 Year
Total Sales 2.525.250
in 3 years
BACONIC CORNER | 46

Sample Size

BARANGAYS POPULATION SAMPLE SIZE

(City of CDO) (Based on 2020 (with 95%

Census) confidence level

using slovins

formula)

Camama-an 35,238 395

Barangay 37 181 125

Barangay 35 2,002 333

Lapasan 39,234 396

Nazareth 6,971 378

Macansandig 23,235 510

Indahag 17,831 391

Barangay 36 447 211

Barangay 31 575 236

Gusa 28, 974 395


BACONIC CORNER | 47

Assumption:
The assumptions we have adapted in this sales
forecast is based on the analysis of our survey result. We
computed the number of weekdays from January 2022 to May
2022 then multiplied by the estimated quantity of items to be
sold with the hope that the market condition stays still at the
time we conducted the survey and consumer’s degree of
interest remain the same.
BACONIC CORNER | 48

Chapter IV. Production / Technical Study

This chapter presents the Production/Technical Study.


This includes the Production Flow Chart, Production
Ingredients, Production Measurement, Manpower
Requirements, Raw Materials (Raw Materials and Product
Shelf-life), Suppliers, Machineries and Equipment,
Manufacturing Layout, Storage and Waste Disposal.

A. Production Process Flow Chart


Preheat the oven to 400
Prepare the degrees F
ingredients
Cut bacon in half and place one
Prepare each chunk of
pineapple chunk at one end of
pineapple (with a piece of
the bacon strip, then use hands
to roll the bacon around the bacon secure with
pineapple

In a small bowl, stir

Place in a shallow baking together the lemon, soy

dish sauce and hot sauce

Bake for 18 to 20 minutes Pour over the bacon


wrapped pineapple

Check the bacon bites to see


if the bacon is starting to Prepare spicy, cheesy,

brown and get crispy. 10. and sweet and sour

Once cooked, take the pan


out of the oven, and carefully

(3 sauces available) for sweet


Ready and served! Enjoy
bacon wrapped pineapple
the bites partnered with
a cup of rice
BACONIC CORNER | 49

B. Production Ingredients
Table 8: Production Ingredients
MARKET
ITEMS QUANTITY PRICE AMOUNT

Servings: 50 BOXES

Bacon 1500g 330.00/1000g P495.00

Pineapple 500g 50.00/500g P50.00

Ham 400g 30.00/200g P60.00

Cheese 330g 59.00/165g P118.00

Rice 2500g 40.00/1000g P100.00


Hot Sauce 375ml 55.00/375ml P55.00

Soy Sauce 750ml 79.00/1L P79.00

Ground Pepper 28.3g 2.50/14.5ml P5.00

Calamansi 250ml 20.00/250ml P20.00

TOTAL P982.00
BACONIC CORNER | 50

C. Production Measurement

Table 9: Production Management


INGREDIENTS MEASUREMENT

Sweet And Spicy Pinyabacon

Bacon 1 1/2 kilograms

Pineapple 1/2 kilogram

Soy sauce 3 cups

Hot sauce 1 1/2/cups

Ham 400 grams

Cheese 330 grams

Lemon 1 cup

Black pepper 2 tablespoons

Rice 2 1/2 kilograms

Total Yield 50 Pieces


BACONIC CORNER | 51

D. Manpower Requirements
The company aims to present a comprehensive review
of the projecting manpower requirements in chosen positions
as owners, general manager, financial officer, marketing
officer, production officer, cashier, and delivery man during
the operation. Since they will partake on the said operation,
they will be vicariously liable in business. Therefore, they
should involve in the whole operating cycle from planning,
accounting, product marketing, production process down to
the selling section and needed to gain customer loyalty to
increase sales in the future.
BACONIC CORNER | 52

E. Raw Material Requirements


Table 10: Raw Materials Requirement

BACON PINEAPPLE

HOT SAUCE
SOY SAUCE

HAM CHEESE
BACONIC CORNER | 53

CALAMANSI BLACK PEPPER

RICE
BACONIC CORNER | 54

Raw Materials and Product Shelf-life

Ingredients Expiration Date


2 weeks for unopened and 8
Bacon
months in the freezer
Whole can last up to 1 to 2
Pineapple days and 3 to 5 days in the
refrigerator
Soy Sauce 2-3 years
6 months for opened and 4
Hot Sauce to 5 years for unopened and
if stored properly
5-7 days from the time
Ham
opened
3-4 weeks from the time
Cheese opened and if stored
properly
2-3 week from the time
Calamansi opened and if stored
properly
Black Pepper 3-4 years
Rice 2 years

Sweet and Spicy Pinya Bacon products can last up to 2-3


days stored in a dry place and tightly sealed.

Approved and checked by:

ANNA MAIR P. ORTEGA


BS in Food Science and Technology
BACONIC CORNER | 55

F. Suppliers

Table 11: Suppliers

Main Alternative
Items Qty. Suppliers / Price Suppliers/ Price
Location Location

Gaisano Pure
Bacon 1.5kg Ᵽ495.00 Ᵽ515.75
Supermarket Gold

Gaisano Pure
Pineapple 500g Supermarket Ᵽ50.00 Gold Ᵽ60.00

Soy Gaisano

Sauce 750ml Supermarket Ᵽ79.00 Ororama Ᵽ79.75

Hot Gaisano

Sauce 375ml Supermarket Ᵽ55.00 Ᵽ55.50


Ororama

Ham Gaisano

(Brick 400g Supermarket Ᵽ64.00 Ᵽ68.50


Ororama
Ham)

Cheese 330g Gaisano Ororama


Supermarket Ᵽ118.00 Ᵽ119.00

Gaisano Pure
Lemon 250ml Supermarket Ᵽ20.00 Gold Ᵽ22.00
BACONIC CORNER | 56

Black Gaisano Gaisano


Pepper 28.3g Supermarket Ᵽ10.00 Supermarket Ᵽ10.00

Gaisano Gaisano

Rice 2.5kg Supermarket Ᵽ100.00 Supermarket Ᵽ100.00


/
Ororama
BACONIC CORNER | 57

Supplier Agreement
This Supply Agreement is entered into as of the 1st day of
January 2021 Baconic Corner business focuses on its
marketing strategy by attracting and getting customers
attention at 418 Hayes St. Pinikitan-Gayloa, Camaman-an
Cagayan de Oro City.
1. Supply/Sale of Goods. Sellers agrees to supply/sell,
and buyer agrees to purchase the following items in the
following quantities and at the prices.
2. Purchase Price. Buyers will pay to Seller for the Goods
and for all obligations specified in this Agreement.
3. Payment. Payment for the Goods will be by
cash/Gcash.
4. Delivery. Seller will make the Goods available for buyer
pick-up and delivery at the 418 Hayes St. Pinikitan-
Gayloa, Camaman-an Cagayan de Oro City.
5. Risk of Loss. Title to and risk of loss of the Goods shall
pass to Buyer upon delivery/Pick-up of the Goods.
6. Right of Inspection. Buyer shall be allowed to examine
the goods once received and even before it receives and
shall do so within 1 week after the recipient of the
goods. If buyer discovers any damages, shortages or
other nonconformance of the goods, Buyer shall notify
seller by such date shall constitute an acceptance of
delivery of goods.
7. Warranties. Buyer acknowledges that it is has not
relied on, and Seller has not made, any representations
or warranties with respect to the quality or condition of
goods, and it's purchasing the goods on an "as is" basis.
Seller expressly disclaims all warranties, whether
BACONIC CORNER | 58

express or implied, including any implied warranty of


merchantability of fitness.
8. Amendments. No amendments with this agreement
will be effective unless it is in writing and signed by both
parties.
9. Entire Agreement. this agreement contains the entire
understanding between the parties and supersedes and
cancels all prior agreements of the parties, whether oral
or written, respect to such subject matter.
10. Notices. Any notice or other communication given or
made to any party under this Agreement shall be writing
and delivered by hand, sent by overnight courier service,
or sent by certified or registered mail, returned recipient
requested to the address stated above or other address as
that party may subsequently designate by notice and shall
be deemed given on the date of delivery.
BACONIC CORNER | 59

G. Machineries and Equipment


Table 12: Machineries and Equipment

APRON HAIRNET

PAPER BOWL WITH LID WOODEN STICK SKEWERS

MEASURING CUPS MEASURING SPOON


BACONIC CORNER | 60

HAND SANITIZER PLASTIC GLOVES

KNIFE AND
AIR FRYER
CHOPPING BOARD

KITCHEN TOWEL
DISWASHING LIQUID
BACONIC CORNER | 61

H. Manufacturing Layout

Figure 20: Manufacturing Layout


BACONIC CORNER | 62

Figure 21: Layout Dimensions

Approved and Checked By:

ENGR. ALLEN DALE G. FABRO


Civil Engineer
BACONIC CORNER | 63

I. Storage
The materials will be stored at the residence of our store
manager since he has nearest place among us. We bought a
mega box for the storage of our equipment so that we can
maintain cleanliness and proper sanitation before, during and
after operation.

J. Wastes Disposal
The materials will be stored at the residence of our store
manager since he has nearest place among us. We bought a
mega box for the storage of our equipment so that we can
maintain cleanliness and proper sanitation before, during and
after operation. To keep foods and beverages safe, it is
important and our obligation to manage our waste according
to regulations. Baconic Corner will be observing proper waste
disposal by providing two (2) garbage bins will be use of
biodegradable and non-biodegradable. We provided garbage
bags because it's how we can maintain our surroundings
clean. Since we are promoting health consciousness and
helping the mother earth maintain its cleanliness, we agreed
to help sanitize the place to prevent the spread of bacteria that
causes disease. It is important to stabilize the appropriate
cleanliness so that customer won’t be hesitant our product.
BACONIC CORNER | 64

Chapter V. Financial Study

This chapter presents the Financial Study of Baconic


Corner which tackles about Financial Study-Analysis, Notes
to Financial Statements, Projected Statement of Financial
Performance, Projected Statement of Cash Flow, Projected
Statement of Financial Position, and Projected Statement of
Changes in Partners' Equity are all included in this section.
A. Projected Statement Financial Performance

Baconic Corner
Projected Statement of Financial Performance
For the Year Ended Dec. 31, 2021 - Dec. 31, 2023
(In Philippine Peso)

2021 2022 2023


Sales 845,000.00 929,500.00 1,014,000.00
Less: Cost of Goods
Sold 390,000.00 429,000.00 468,000.00
Gross Income 455,000.00 500,500.00 546,000.00

Operating Expenses
Depreciation
Expense 10,000.00 10,000.00 10,000.00
Salaries and Wages 156,000.00 156,000.00 156,000.00
Rent Expenses 60,000.00 60,000.00 60,000.00
Office Supplies
Expense 10,000.00 10,000.00 12,000.00
Utilities Expense 36,000.00 36,000.00 36,000.00
Marketing and
Advertising 12,000.00 15,000.00 15,000.00
Total Operational
Expense 284,000.00 287,000.00 289,000.00
Net Income 171,000.00 213,500.00 257,000.00
BACONIC CORNER | 65

B. Projected Statement Financial Position

Baconic Corner
Projected Statement of Financial Position
As of Dec. 31, 2021 - Dec.31, 2023
(In Philippine Peso)

2021 2022 2023


Assets
Current Assets
Cash 20,000.00 172,900.00 374,300.00
Inventory 156,000.00 171,600.00 187,200.00
Office Supplies 5,000.00 10,000.00 10,000.00
Total Current Assets 181,000.00 354,500.00 571,500.00

Non-Current Assets
Production
Equipment 100,000.00 100,000.00 100,000.00
Less: Accumulated
Depreciation 10,000.00 20,000.00 30,000.00
Total Non-Current Asset 90,000.00 80,000.00 70,000.00

Total Assets 271,000.00 434,500.00 641,500.00

Liabilities & Equity


Current Liabilities 0 0 0
Non-current Liabilities
Total Liabilities 0 0 0
Partners' Equity
Partners’ Capital 150,000.00 271,000.00 434,500.00
Add: Net Income 171,000.00 213,500.00 257,000.00
Less: Withdrawal 50,000.00 50,000.00 50,000.00
Total Partners' Equity 271,000.00 434,500.00 641,500.00

Total Liability & Equity 271,000.00 434,500.00 641,500.00


BACONIC CORNER | 66

C. Financial Study – Analysis

RATIOS 2021 2022 2023


RETURN ON ASSETS 63% 49% 40%
PERCENTAGE RETURN ON NET
SALES 20% 23% 25%
FIXED-ASSET TURNOVER 8.45 9.295 10.14
CASH FLOW TO SALES 2% 22% 25%
RETURN ON EQUITY 32% 47% 63%
GROSS PROFIT MARGIN 54% 54% 54%

As shown on the company’s financial ratios, the ROA is


high which indicates that the company is doing a good job
increasing its profits with each investment it spends.
However, on the succeeding year, the ROA is decreasing which
indicates the company might have over-invested in assets that
have failed to produce revenue growth. The company’s ROS,
ROE, Fixed Asset Turn-over and Cash Flow to Sales increase
over the period which means that the company is improving
its efficiency on how much profit is being produced per sales
and the business generates enough cash flow in proportion to
its sales volume. The company’s Gross profit margin ratio is
high which means that the company generates reasonable
profit. Therefore, the overall company’s performance based on
financial ratios is in good standing and profitable.
BACONIC CORNER | 67

D. Projected Statement of Cash Flow

Baconic Corner
Projected Statement of Cash Flow
For the Year Ended Dec. 31, 2021 - Dec. 31, 2023
(In Philippine Peso)

2021 2022 2023


Cash flows from
operating activities
Cash Sales received
from customers 845,000.00 929,500.00 1,014,000.00
Cash Paid to Suppliers 546,000.00 444,600.00 483,600.00
Cash Paid to office
supplies 5,000.00 5,000.00 0.00
Payment of other
expenses 274,000.00 277,000.00 279,000.00
Net cash generated from
operating activities 20,000.00 202,900.00 251,400.00

Cash flows from


investing activities
Purchase of Fixed
Assets- production
equipment 100,000.00

Cash flows from


financing activities 0.00
Repayments of Long-
term debt

Net Increase (decrease)


in cash and cash
equivalents
Cash, Beginning 20,000.00 172,900.00
Capital, owner 150,000.00
Owner's Withdrawal 50,000.00 50,000.00 50,000.00
Cash and cash
equivalents at the end of
the year 20,000.00 172,900.00 374,300.00
BACONIC CORNER | 68

E. Projected Statement of Partner’s Equity

Baconic Corner
Projected Statement of Changes in Partners' Equity
For the Year Ended Dec. 31, 2021 - Dec. 31, 2023
(In Philippine Peso)

2021 2022 2023


Partners’ Capital,
beginning 150,000.00 271,000.00 434,500.00
Add: Net Income 171,000.00 213,500.00 257,000.00
Less: Partners
Withdrawal 50,000.00 50,000.00 50,000.00
Partners’ Capital,
ending 271,000.00 434,500.00 641,500.00
BACONIC CORNER | 69

F. Notes to Financial Statements

BACONIC CORNER
Notes to Financial Statements

1. The partnership was formed in January 2021


2. The company operates only on weekdays.
3. The company maintains 30% ending inventory based on
its Cost of Goods Sold.
4. Straight line method of depreciation is being used.
5. The production equipment has 10 years life with zero
salvage value.
6. There are two employees hired with a minimum wage of
P300.00 each.
7. All purchases and expense disbursement are paid on
cash.
8. All sales are based on cash basis.
9. The company pays an average of 3,000 per month for
utilities expense such as Electricity and water.
10. The partner 's withdraw a total of 50,000 at every end
of the year.
11. The company has 50 pcs average daily sales and
increases 5 pcs per year.

Approved and Checked By:

KRISTYL JOYCE G. SAMIAO, CPA, CTT


BACONIC CORNER | 70

Chapter 6. Socio – Economic Study

The following presents information about Socio-


Economic Study. It provides activities and strategies in this
section. It includes the Methodology, Corporate Social
Responsibility and Gantt Chart- Activities.

A. Methodology

Before we came up in making our feasibility study, we


first conducted trial and error and series of survey’s in
obtaining significant data to assure that the business we
choose will gain profit. Second, we would like to increase their
appreciation of our Baconic Corner and beneficial to one’s
health. Lastly, to achieve the satisfying quality of our product
we did a trial error process to be able to know that it is already
perfect. Through this it will surely gain profit and healthy
benefits to reach customer satisfaction.
The team used Google form as it is easy for our
respondents to answer due also to the pandemic. It contained
10 questions in different formats, including multiple choice,
and open-ended questions. There are a variety of methods
used when selling a particular product. It varies according to
what the company is selling. Our product best fits to sell in a
stall or a face-to-face transaction. However, we should assure
our safety, so we agreed that we would sell it online. Since
online selling is not new to the market and one of the most
effective ways to sell a product, we are convenience and
effectiveness.
BACONIC CORNER | 71

B. Corporate Social Responsibility


Environmental Impact Corporate social responsibility
(CSR) self-regulating business model that help a company be
social accountable to itself and public.
One of the company’s focuses of CSR is the
environment. Environmental CSR aims to reduce any
damaging effects on the environment from your business'
processes. Our company may focus on waste management
recycling missions, eco-friendly office, and some of these are
significant from both environmental and financial point of
view.
Second, the owners pledged to always look after the
employees' welfare by ensuring fair labor practices that are a
prominent issue.
Lastly, we assure that the company would like to ensure
the safety of the employees as well as the people outside of our
business to maintain the social economic growth which would
greatly improves people's lives.
Advantages of environmental CSR, Green CSR can
reduce business risk, improve reputation, and provide
opportunities for cost savings. Even the simplest energy
efficiency measures can generate savings and make a
difference to your business. For example, switching off lights
and equipment when not in use, reducing the use of water,
reducing the amount of paper you waste. Caring about the
environment can increase revenue too. Many customers prefer
to buy from responsible companies.
BACONIC CORNER | 72

C. GANTT-Chart Activities
Table 13: Gantt chart

Activities Months

January

February

March
Submission of
Product Proposals
Conceptualization
of Study

Submission of
General Business
Description
Floating Online
Survey
Questionnaire
Survey Results and
Analysis

Submission of
Marketing
Feasibility
Submission of
Production and
Technical study
Submission of
Financial Study

Submission of
Socio-Economic
Study
BACONIC CORNER | 73

Appendices
SURVEY QUESTIONNAIRE
We, the 3rd year BSBA Students are currently enrolled
in BAM 023 – Feasibility Study. In line with this, we would
like to ask permission to conduct a survey that will assist us
in our study. It is our commitment that all the
information/answers we have gathered will kept
confidential.

Name (optional):__________
Age:
( ) 15 yrs – 25 yrs
( ) 26 yrs – 35 yrs
( ) 36 yrs – 45 yrs
( ) 46 yrs – 55 yrs
( ) 56 yrs - up
Sex :
( ) Male
( ) Female
Status:
( ) Single
( ) Married
( ) Divorced
( ) Others:___________
Monthly Allowance/Income:
( ) 5,000php – 10,000php
( ) 11,000php – 20,000php
( ) 21,000php – 30,000php
( ) 31,000php – 40,000php
( ) 50,000php – up
BACONIC CORNER | 74

Occupation:
( ) Student
( ) Self- Employed
( ) Gov’t Employee
( ) Private Employee
( ) Retired
( ) Others: _________

1.) Are you familiar with Sweet and Spicy Pinya Bacon?
( ) Yes
( ) No
2.) After knowing/tasting the product, are you willing to buy
it?
( ) Yes
( ) No
Why: ___________________
3.) How much is your daily food allowance?
( ) 50php – 100php
( ) 101php – 150php
( ) 151php – 200php
( ) 201php – 250php
( ) 251 php – 300php
( ) Others: __________
4.) How much are you willing to spend for our offered
product?
( ) 65 pesos
( ) 70 pesos
( ) 75 pesos
Others:_________
BACONIC CORNER | 75

5.) How many times would you like to buy the product?
( ) Once a day
( ) Twice a day
( ) Thrice a day
( ) Others: __________
6.) In what specific time of the day would you like to avail the
product?
( ) 6:00am – 8:00am
( ) 8:01am – 10:00am
( ) 10:01am – 12:00nn
( ) 12:01am – 2:00pm
( ) 2:01pm – 4:00pm
( ) 4:00pm – 6:00pm
7.) In what ways do you want to avail the product?
( ) Via Delivery
( ) Store pick-up
( ) Others: __________
8.) What variety or flavor would you prefer?
( ) Cheese
( ) Spicy
( ) Sweet & Sour
Others:_____________
9.) What fillings/toppings/sauce would you prefer?
( ) Cheese.
( ) Ham and cheese.
( ) Ham salad.
( ) Sausage.
( ) Cheese and onion.
( ) Egg mayonnaise.
BACONIC CORNER | 76

10.) Would you recommend this to your coworkers, friends,


or family?
( ) Yes
( ) No
Why? ____________

Comment: __________________________
Suggestions: __________________________
BACONIC CORNER | 77

CURRICULUM VITAE

JENNY N. ACULAN

Address: Iba Dansolihon, Cagayan de Oro City


Date of Birth: June 04, 2001
Contact Number: +639367847834
Email Address: jennyaculan19@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Iba Elementary School
Secondary:
Dansolihon National High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Communication Skills
• Time Management

LIFE QUOTE:
“The only way to achieve the impossible is to believe it
is possible”
BACONIC CORNER | 78

QUEN ANN BAGUIO

Address: Vista Villa Sumilao, Bukidnon


Date of Birth: January 17, 1998
Contact Number: +639057143090
Email Address: bquenann@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Corrales Elementary School
Secondary:
Alternative Learning System (ALS)
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Communication Skills
• Time Management

LIFE QUOTE:
“I am in the process of becoming the best version of
myself”
BACONIC CORNER | 79

HARLEN S. BUCAG

Address: Paglaum, Camaman-an Cagayan de Oro City


Date of Birth: March 20, 2000
Contact Number: +639277529769
Email Address: hasa.bucag.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Camaman-an Elementary School
Secondary:
Camaman-an National High School
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Computer System Servicing NCII
• Attention to Detail
• Adaptability

LIFE QUOTE:
“If you make your internal life a priority, then
everything else you need on the outside will be given to
you and it will be extremely clear what the next.”
BACONIC CORNER | 80

MARIALOU ERICA A. CACULBA

Address: Kabulawan, Lagonglong, Misamis Oriental


Date of Birth: February 11, 2001
Contact Number: +639358422780
Email Address: maad.caculba.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Kabulawan Elementary School
Secondary:
Lagonglong Senior High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Editing Skills
• Time Management Skill
• Written Skills

LIFE QUOTE:
“Life is really simple, but we insist on making it
complicated”
BACONIC CORNER | 81

MARK JAY M. CAÑETE

Address: 418 Hayes St. Pinikitan-Gayloa, Camaman-an


Cagayan de Oro City
Date of Birth: January 13, 1999
Contact Number: +639277529767
Email Address: jaymarqcanete@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Camaman-an Elementary School
Secondary:
Cagayan de Oro National High School
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Editing Skills
• Riding
• Basketball

LIFE QUOTE:
“Life is so short enjoy every second of your life.”
BACONIC CORNER | 82

MABELLE A. CAUDOR

Address: Zone 6 Baikingon, Cagayan de Oro City


Date of Birth: May 19, 1999
Contact Number: +639277526240
Email Address: mabelleawitencaudor@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Baikingon Elementary School
Secondary:
Iponan Senior High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Negotiation Skills
• Communication Skills
• Time Management Skills

LIFE QUOTE:
“Everything happens for a reason”
BACONIC CORNER | 83

DIANNE G. LEOCADIO

Address: Montalvan Velez, Cagayan de Oro City


Date of Birth: August 24, 2000
Contact Number: +639532610364
Email Address: digo.leocadio.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Agusan Elementary School
Secondary:
Stella Maris Academy High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Communication Skills
• Editing Skill
• Time Management Skill

LIFE QUOTE:
“If you want to live a happy life, tie it to a goal, not to
people or things.”
BACONIC CORNER | 84

HURRY A. LIMBO

Address: Paglaum, Camaman-an, Cagayan de Oro City


Date of Birth: February 26, 2001
Contact Number: +639368001882
Email Address: huar.limbo.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Camaman-an Elementary School
Secondary:
Liceo de Cagayan University
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Communication
• Editing
• Graphic Design
• Media Technology

LIFE QUOTE:
“You only live once but if you do it right, once is
enough.”
BACONIC CORNER | 85

JANE NICOLE A. MANATOM

Address: Zone 3, Pagatpat Cagayan De Oro City


Date of Birth: January 19, 2000
Contact Number: 09350335811
Email Address: itsnicolechannel@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Pagatpat Elementary School
Secondary:
PHINMA-Cagayan De Oro College
College:
PHINMA-Cagayan De Oro College

AREAS OF EXPERTISE
• Cooking/Baking
• Communicating skills
• Video Editor
• Organizing skills
• Curiosity and innovative skills

LIFE QUOTES
“Never Stop Learning, Because Life Never Stops
Teaching”
BACONIC CORNER | 86

MARY GRACE B. MARABELLAS

Address: Ili-Ilihon Salay Misamis Oriental


Date of Birth: May 09, 1998
Contact Number: +639355598003
Email Address: mabo.marabellas.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Labuagon Kibawe Bukidnon
Secondary:
Salay National High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Problem Solving
• Communication
• Time Management

LIFE QUOTE:
“One small positive thought can change your whole
day.”
BACONIC CORNER | 87

ANGEL VERN B. PACTAIN

Address: Pualas, Baungon, Bukidnon


Date of Birth: October 04, 2000
Contact Number: +639639255949
Email Address: anba.pactain.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Pualas Elementary School
Secondary:
Indahag National High School
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Computer System Servicing NCII
• Flexible in surroundings
• Capable in independent task
• Can do multi-tasking works

LIFE QUOTE:
“Just because you are right, does not mean, I’m wrong.
You just haven’t seen my life from my side.”
BACONIC CORNER | 88

ABEGAIL N. PAGAYON

Address: Kinura, Kalilangan, Bukidnon


Date of Birth: July 08, 2000
Contact Number: +639359392143
Email Address: aben.pagayon.coc@phinmaed.com

EDUCATIONAL BACKGROUND
Primary:
Kinura Elementary School
Secondary:
Kalilangan National High School
Tertiary:
BS Business Administration- Financial Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Computer Literacy
• Time management Skill
• Communication Skill

LIFE QUOTE:
“Today is not easy, tomorrow is more difficult, but the
day after tomorrow is wonderful.”
BACONIC CORNER | 89

CHRISTINE G. YANGA

Address: Zone 1-A Kiliog, Libona, Bukidnon


Date of Birth: October 12, 2000
Contact Number: 09386529630
Email Address: christineyanga18@gmail.com

EDUCATIONAL BACKGROUND
Primary:
Kiliog Elementary School
Secondary:
Kinawe National High School
Tertiary:
BS Business Administration- Marketing Management
Phinma Cagayan de Oro College

AREAS OF EXPERTISE
• Microsoft Word/Excel
• Communication Skills
• Computer skills

LIFE QUOTE:
"Without Struggle there is no Success"

You might also like