THRIFT SHOP IN THE PHILIPPINES:

AS AN ENTREPRENEUR

A Feasibility Study
Presented to the Faculty of the College of Business Administration
AMA Computer College, East Rizal

In Partial Fulfillment of the Requirements for the Degree

Bachelor of Science in Business Administration

By

Alyssa Mae G. Sonico

Gabriel Jove N. Balahadia
Rose Ann C. Tolosa
Kirk Justin Marlinga

April 2023
 TABLE OF CONTENTS
PROJECT BACKGROUND AND HISTORY 4
Introduction 4
Name and Address of Project Promoter 4
Profile of the Business 5
Formal Structure 5
Location Map 5
Owners and Capital Contribution 6
Vision 6
Mission 6
Unique Selling Proposition 6
Products and Services 6
Short Term and Long-Term Goals 6
Target Market 7
Economic and Industrial Policies Supporting the Project 7
MANAGEMENT FEASIBILITY 8
Introduction 8
Legal Structure of the Business 8
Organization Chart 8
Job Descriptions, Duties and Responsibilities 9
Employee Benefits 10
Business Policies 11
ECONOMIC FEASIBILITY 12
Introduction 12
Demand Analysis 12
Supply Analysis 13
Sales Forecast 13
Marketing Strategy 14
Marketing Plan 15
TECHNICAL FEASIBILITY 16
Introduction 16
Physical Location 16
Floor Plan (Layout) 16
Description of Products and Services 17
 Technology Requirements 19
Machines and Equipment 19
Production Process 20
Production Materials 21
Production Schedule 21
Inventory Schedule 22
Product Delivery 22
Manpower Requirement 22
Project Timetable (Gantt Chart) 23
Thrift Store Business Plan Outline 23
FINANCIAL FEASIBILITY 24
Introduction 24
Start-Up Costs 24
Capital Requirement 25
Loan Repayment Schedule 25
Projected Income Statement 26
Statement of Financial Position 26
Cash Flow Statement 27
Financial Ratios 28
SOCIO-ECONOMIC FEASIBILITY 29
Introduction 29
Contribution to the government 29
Contribution to the society 29
APPENDIX A 31
APPENDIX B 33
APPENDIX C 34
APPENDIX D 37
APPENDIX E 38
APPENDIX F 39
APPENDIX G 40
APPENDIX H 41
APPENDIX I 42
APPENDIX J 43
APPENDIX K 44
 Chapter 1
PROJECT BACKGROUND AND HISTORY

Introduction

As time went by, together with the lifestyle of Filipinos, ukay-ukay became
numerous anywhere in the country. In search of value for money, many Filipino turn to
ukay-ukay stores or shift shops for quality clothing at very affordable prices (Ramirez,
2010).

Ukay-ukay may be considered a "special" type of good available in the market.

First, it has a different marketing and sale process. Second, how it enters the market is
unique. When such goods are brought into the country, records would show that some
were not really intended for sale: The government would maintain that these are either
donations or aid from foreign countries. Others are recorded as pasalubong for
Philippines-based relatives. There are various reasons consumers still buy these goods.
One is their low prices when compared to substitute and complementary goods.

What often comes into the minds of the Filipino people when we hear the term
“UK”? It is ukay-ukay right? The term “ukay-ukay” was derived from the Visayan term
“halukay” which means the act of digging. Ukay-ukay shopping is like treasure hunting,
but instead of looking for a treasure, you are literally digging from the piles of clothes
which are mostly vintage and of high value. The ukay shopping phenomena all started
in Baguio. Ukay stores sprouted like mushrooms which later became one of the must-visit
places in Baguio.

According to hearsay, it’s origin started way back in the 80s. Due to the frequency
of calamities happening in our country, a certain humanitarian group called the Salvation
Army used to ship second-hand garments and other goods as forms of help to the filipino
victims. As the goods piled up, business-minded people decided to buy them at a very
low cost and sell them to the public. Thus, ukay-ukay business was born.

The most popular destinations for ukay-ukay are in Baguio, Cebu, Cubao, Anonas,
Bluementrit, Espana, Mandaluyong, Sta. Mesa and Pasig.

Name and Address of Project Promoter

NAME ADDRESS
20 Cicada st., Phase 1, Greenbrier subd., Brgy.
Alyssa Mae G. Sonico
Guinayang, San Mateo, Rizal

Gabriel Jove N. Balahadia
Rose Ann C. Tolosa
Kirk Justin Marlinga
#9 7th Street Goodrich Village Brgy. Concepcion
1, Marikina city
Purok Sampaguita 1, Brgy.10, Lucena City
68 Abellanosa St., Brgy. 7, Lucena, Quezon
Province

Profile of the Business

Femme Fatale PH Clothing Shop is a business that offers thrifted fashion clothes
wherein revenue is derived from customers who buy the product offered. The proposed
business will offer ready-to-wear clothing that satisfies the needs and wants of the
customers. It is also based on the registered name prescribed by the Department of Trade
and Industry with certificate as we sell online for proof of legitimacy.

Formal Structure

The business that we have is a partnership form of business and a merchandising

type of business. The capital and profit that will be gain in the business belongs to the
entrepreneurs and all profits will be equally distributed to the entrepreneurs. Each
member has their own task to fulfill that will help achieve objectives and goals of the
business.

Location Map
The proposed business will be located at the second floor of this building in
General Luna St., Corner, Miguel Cristi, Guitnang Bayan 1, San Mateo, Rizal. The
proponents chose this site because it's along the highway, near the area of five
school/university as seen below, it’s also easy to find since it’s a corner street. Figure 1
shows the vicinity map of the proposed business.

Figure 1. Location
Owners and Capital Contribution

There are four proponents. Each proponent will be contributing equal share in the
initial capital and the profit while the losses will also be divided equally.

Vision

“Our vision is to be the best and most known online shop that offers an affordable,
classy and trendy stuffs that will satisfy the fashion desire of our every customer.”

Mission

“Our mission is to sell fashionable thrifted clothes and variety of branded apparel
that offers a high-quality product at affordable prices. Bring customer to their highest level
of sense in fashion and provide their satisfaction. Being stay ahead in fashion trends and
to achieve their choice of fashion are our main goal to customers.”

Unique Selling Proposition

“Living in style, Saving the planet.” Since we are a social enterprise, we are
committed to putting the interest of people and the planet. That being said, we came up
with a product that is made from second-hand clothes to minimize the waste and its
environmental impact. So instead of selling the usual clothes, we came up with an
alternative that is beneficial not only to our financial gain but to humans and our planet as
well.

Products and Services

Our business offers affordable and comfortable clothes that are suitable for any
occasion. We guarantee our customers to provide ready-to-wear clothes that respond to
current fashion trends and also caters fashion blouse, dress, t-shirts, shorts, etc. All of
these products provide satisfaction to customers who want to purchase these items in a
very affordable price.

Short Term and Long-Term Goals

Our short-term goal for the business is committed to achieve affordable and good
quality clothing. The proponents plan to execute a broader marketing strategy to build
name and have better relationship with the target customers through Shopee and
Facebook and other social media platforms in order to reach wider range of possible
customers.
Our objective for the long run is a green business that wants to improve and
promote positive effects on the global or local environment, community, society, and
economy. Alongside with other thrift shop business’s long-term goal is to help spread
personal and public awareness in our Environmental health and protection, including the
benefit of reducing, recycling, and re-using of Ukay-Ukay Clothes that would otherwise
be sent to landfill sites.
Target Market

The target market covered by this business are the students, teachers, passerby.
The area is accessible for the possible customer that would like to purchase the items
and products of the company. It is a place that is reachable also to commuters that have
interest in acquiring their items and the group has decided to locate our thrift shop in this
place to give convenient services for our possible customers and to satisfy them with our
items and products.
Economic and Industrial Policies Supporting the Project

The main aspect in putting up a business is also the contribution of the proposed
business to the economy. The proposed business provides contribution to the Philippine
economy by sustaining government projects and programs through taxes, business
licenses, and permits that are paid to the collecting sector. It also reduces unemployment
rate by providing employment opportunities to the people who are willing to work. Hence,
the proposed business can somehow make significant contributions to the economy.
The government may a find new source of revenue once the importation of “ukay-
ukay” or second-hand apparel becomes legal in the country. This was a point made by
neophyte Senator Raffy Tulfo during a hearing of the Senate Committee on Ways and
Means on Tuesday when he proposed the legalization of the importation of “ukay-ukay,”
citing the “inefficiency” of the Bureau of Customs (BOC) to prevent the entry of such
imports. “Since the Bureau of Customs cannot control the entry of ‘ukay-ukay,’ maybe we
have to come up with a system na, I don’t know, legalize ‘ukay-ukay,’” Tulfo said. “If you
can’t really stop it, talk to our lawmakers to repeal the law, the policy to make the
importation of ‘ukay-ukay’ in the country legal, and make them [the importers and
resellers] pay the right taxes.”
Under Republic Act (RA) No. 4653, the commercial importation of used clothing
and rags is prohibited due to health-risk concerns. Despite the existing law, Tulfo said
much of the public is not aware of it, hence, many establishments are selling these illegal
products. For its part, the BOC said that it had already “intensified” its efforts against the
smuggling of “ukay-ukay.”
Senator Sherwin Gatchalian, who chairs the Ways and Means panel, supported
Tulfo’s proposal. “It’s about time to revisit the law. Like I said, we cannot fault the retailers
for selling ‘ukay-ukay,’ because I don’t think they know it is illegal,” he said. “In fact, many
of the retailers pay business permits but they sell ‘ukay-ukay.’ I don’t think they are aware
that those being sold are illegal under RA 4653.” Gatchalian, who admitted he himself
was not aware of the existing law, said that local government units must be informed
about the provisions of RA 4653. “I don’t know that ‘ukay-ukay’ is prohibited. In front of
City Hall, there were ‘ukay’ukay,” he said. “The local government units might not be
informed that these types of operations are not within the bounds of law.”
 Chapter 2

MANAGEMENT FEASIBILITY

Introduction

This chapter provides information regarding the organizational structure of the

enterprise, the form of ownership, the different duties and qualifications of the officers and
key personnel that will guide and clear their role perception in the enterprise. It also
discusses the management policies that will lead the operation of the business.
Legal Structure of the Business

Partnership is the proponents' form of business ownership because each of the

proponents will contribute in the business capital. Partnership means that the business is
owned by two or more persons who contribute money or capital, talent or industry with
the intention of dividing the profits among themselves.
The proponents decided to utilize a partnership form business organization
because it is a good choice of legal structure for a new business. Being a partnership, the
business owners necessarily share the profits, the liabilities and the decision making.
Some of the significant characteristics of a partnership type of business in the Philippines
are first is it has limited life which it may be dissolved or its operations terminated either
by the acts of partners or by the operation of law and the second significant characteristic
of partnership is that it is based on contracts because it is created by virtue of a contract
entered into by the partners. While at times it is necessary that the contract be in writing
and that its terms are specifically expressed.
Organization Chart

The organizational chart is a graphical formation that displays the important details
in the organizational structure including the major functions and their respective
relationships among positions according to authority and responsibility. This refers to the
diagram showing the key functions of the line and staff organizational structure.

Manager (Sales) Sales (Assistant)

CEO
Cashier
Job Descriptions, Duties and Responsibilities

General Manager
Job Description:
• Oversees key projects, processes and performance reports, data and analysis.
• Formulates and administers firm's policies, directing and coordinating all divisional
unit activities.
• Reviews the outcome of operations, value of costs and forecast of acquired data.
• Oversees manufacturing flow of materials and labor productivity.
Job Specification:
• Male or Female.
• Must be 24 years old and above.
• Possesses bachelor's degree or college level in business administration.
• Must have at least two years of work experience in similar or related field.
• Must be able to speak effectively in English language.
• Must have sufficient computer skills and be able to use company-issued software
programs.
• Knowledgeable of office administration procedures and resource management
disciplines.
• Must be able to perform each essential duty and responsibility in a safe and
satisfactory manner.
Sales Manager (Inventory)
Job Description:
• Oversees the workflow of the business environment.
• Plans for the production schedule and coordinates with the supplier.
• Ensures that each job role performs such primary responsibilities and duties, in the
course of accomplishing with the firm's objectives.
• Monitors employee productivity and provides constructive feedback and coaching.
• Ensures adherence to legal and company policies and procedures and undertake
disciplinary actions if the need arises.
• Passes information to general manager either about the reward and promotion of
employees based on performance or concerns in hiring and firing employees.
Job Specification:
• Male or Female.
• Must be 21 years old and above.
• Possesses bachelor's degree or college level in business administration.
• Must have at least two years of work experience in similar or related field.
• Must have an excellent communication and interpersonal skills.
• Familiarity with company policies and legal guidelines of the related field.
 • Proper knowledge in logistical details focusing on efficiency and he/she can derive
solutions out of analyses.
• Displays a pleasing personality and empathetic towards fellow workers.
Sales Assistant and Cashier
Job Description:
• Maintains relationships with clients by providing support, information, and
guidance.
• Sells products by establishing contact and develops relationships with prospects
and recommending solutions.
• Prepares reports and proposals by collecting, analyzing, and summarizing
information.
• Participates in team effort by accomplishing related results.
• Benchmarks a pleasing personality and state-of-the-art practices.
• Listens to customer requirements and presents relevant information appropriately.
• Identifies business opportunities by identifying prospects and evaluating their
position in the industry.
Job Specification:
• Male or Female.
• Must be at least 18 years old.
• Possesses bachelor’s degree in business administration or any other degree
subject is acceptable particularly relevant to sales.
• Must have relevant experience gained in any commercial area involving contact
with customers or the general public.
• Knowledgeable in the aspects of information technology, market trends and
commercial environment.
Employee Benefits

The enterprise will have 4 employees; 1 General Manager with a minimum wage
of P600 daily and Sales Inventory of P550. The wage of Sales Assistant and Cashier is
based on the provincial rate with P500/day since our location is also located in the
Province of Rizal.

Holiday Pay
The employees will have bonus during the special holiday. Legal and special
holiday are practiced here in the Philippines and so the enterprise will have holidays.

Thirteenth Month Pay

Employees of the business enterprise are entitled for the thirteenth month pay if
they stayed in service for the business at least one year.
Sick Leave
Each employee of the business enterprise will be given at least three days for sick
leave with pay with the condition that the employee has been working with the
management for at least one year.

SSS and PhilHealth Benefits

Deductions are applied to employee's salary to pay they SSS and PhilHealth for
them to avail of the services offered by the government.

Business Policies
Vacation Leave
A form of vacation leave must be processed and filled up by the employees and
be submitted to the management personally.

Absences
The employees will be monitored regularly especially their absences during their
duty. Employees that have consecutive 5 absences or more a month will be regarded as
Absence without Leave (AWOL).

Tardiness
Each employee must observe his or her tardiness. Certain deductions will be given
for every minute of late an employee will incur base on pro-rata. Employees who are late
for 30 minutes without reasonable excuse will be considered absent.

Pay Day
An employee will receive its payment twice a month; every 5th day and 20th day
of the month.

Cleanliness
All employees must observe cleanliness at all times in the workplace. Each
employee must always clean their area before going home.
 Chapter 3

ECONOMIC FEASIBILITY

Introduction

The purpose of this chapter is to discover the current demand and supply of the
service, to forecast the demand and supply, to find where to put its competitive position
in the industry, to study the target market and to design marketing activities for the
business.

Demand Analysis

Our target market was people in the province of Rizal, specifically people in San
Mateo because, according to CMCI, San Mateo ranks number 4 as one of the Top 1st
Class Municipalities in the Philippines. People between 18 and 60 are our target market
in San Mateo. It's because people in that age group are supporting the environmental
awareness trend.
One in every three women, according to the ThredUp report, shopped secondhand
last year. In 2017, 44 million women bought used goods, up from 35 million the year
before. The market is rapidly expanding, leaving more room than ever before in people's
wallets and closets. (ThredUp, 2020).
ThredUp discovered that the millennial generation (23-38 yrs. old) is not only
known for its fashion waste but also its environmentally conscious habits. According to
the study, 77% of millennials want to buy from environmentally conscious brands. In
comparison to previous generations, they are also more likely to switch to thrifting for
environmental reasons.

Figure 1. Inverted Pyramid

Based on the 2020 Census of
Population (PhilAtlas 2020)

Figure 2. TamSamSom

Three acronyms describe the sector in which the company operates: TAM, SAM,
and SOM. The overall consumer demand for a good or service is referred to as TAM
(Total Addressable Market), in which the TAM of the company is the total population in
the Philippines. The target market is the second-largest market. SAM (Serviceable
Addressable Market) refers to the portion of the overall addressable market than an
organization can cover within a given territory. The SAM of the company is the total
population in the Region IV-A. Lastly, the SOM (Serviceable Obtainable Market) targets
a subset of SAM that you can realistically reach during the business's first few years. The
SOM of the company is in San Mateo, Rizal.
Supply Analysis

The projected supply to be sold by the enterprise is 26,640 units in one year. There
are existing business enterprises like boutique, stalls and thrift shops residing in San
Mateo, Rizal. The proponents of the business enterprise considered all the existing
enterprises which sell the same kind of clothes which is ukay-ukay. The competitors of
the business are considered valuable because they pose a threat to the enterprise. It will
influence the decisions on operations capacity and marketing strategies of the enterprise.

Sales Forecast

Table 1 shows the sales revenue for the Year 1 of "femmefatale.clo" thrift shop
business. The data stated are based on the computation from the total number of pieces
purchased per year. Supply capacity is multiplied by selling price to get the total sales.
The total sales of the items are ₱2,112,000.
Units sold Sales per Year 1
Products/Services Price
per month Month Sales

Korean Tees 68 300 20,400 244,800

Fashion Blouse 80 360 28,800 345,600

 Dress 100 200 20,000 240,000

White Tees 50 400 20,000 240,000

Men's T-shirt 85 240 20,400 244,800

Men Shorts 100 200 20,000 240,000

Garterized Shorts (Women) 80 360 28,800 345,600

SquarePants 110 160 17,600 211,200

TOTALS 2,220 176,000 2,112,000

Marketing Strategy

The proposed business will be using the four marketing programs to be able to
establish itself in the market and to be easily known by the public. With these marketing
programs, the enterprise aims to become popular and successful in the industry. Below
are the strategies of femmefatale.clo:

I. Product
a. The business will offer fashionable, affordable and ready to wear (quality)
product to customers.
b. The customers can choose whatever style of clothing they want considering all
the items are different or unique.

II. Price
a. The thrifted clothes offered by the enterprise will be PHP50-110.00 based on
the type of clothing which is very affordable since it's already washed, some of them have
brands too. The price is inclusive of all the cost incurred in the process of making it good
as new and the acceptance profit as well.

III. Place
The enterprise will be located at General Luna St., Corner, Miguel Cristi, Guitnang
Bayan 1, San Mateo, Rizal. The location will result to easy access since it is located along
the highway. It is convenient and accessible for the customers to go to in this area and
many people will pass through on the location of the business area and it has a lot of
prospect customers.

IV. Promotion
a. Signage outside the business premises
b. The enterprise will also promote the product through the use of online
advertising through Facebook and by sharing it with family and friends. The proponents
considered the rampant use of technology in today's modern world in promoting and
making the product publicly known in the market. Since most of the possible customers
are using internet or technology, it will be a big advantage for the proponents.
Facebook Online Advertisement

Marketing Plan

The very key to a successful beginning in a business specifically in the ukay

industry are the passion and determination to invest effort, time and of course financial
support in the project.

The answer for a successful and prosperous business will take a lot of
considerations including the business enterprise's location, accessibility of supplies and
most importantly its marketing strategies since you can't sell when you can't tell. These
are the things which are essential factors for the determination of target market for which
you can offer products to. The thrift shop enterprise aims to offer customers a quality and
affordable ukay clothes in San Mateo, Rizal.

In view of the current situation in the Philippines caused by the pandemic,

femmefatale.clo will mainly invest in online platforms and advertising; aside from selling
it to walk-in customers in our shop because it is the most effective and influential among
millennials. We will also utilize different social media platforms.

Popular competitors on social media platforms (Facebook, Instagram, etc.) have a

growing user base. If our business will benefit from the visuals and marketplace, we also
want to ensure that our company takes the time to establish strong social media accounts.

We also want to generate as many positive reviews and feedback as possible.

Whether through in-store, social media or online shop (Shopee) higher ratings will give
our customers a clear understanding of our product and wat we can offer. We will have
to ask customers about them because people usually don't give them naturally.
 Chapter 4
TECHNICAL FEASIBILITY

Introduction

This aspect pertains to the over-all description, design and program of the
business proposal. It consists the location, layout and structural design, equipment, tools,
furniture and fixture, sales and services, business operations, recording of business
transactions and inventory management.
Physical Location

The physical layout and structural design of our site and building is suitable for the
sanitizing and delivery process of the products. Placement of the furniture and fixtures
and equipment are strategically placed.
The display area was designed to be the biggest area for a large merchandising
space where clothing and layer rack are not too close to each other and buyers can
choose products without minding individual spaces. The entryway to the washing/laundry
room and packaging/storage room are big enough and is just sliding door so workers can
easily go in and out of the rooms. The washing area are for preparing the clothes next to
the storage area which makes it easy for the delivery process. There is also a counter
where the buyers pay their products to the cashier. Finally, a comfort room, just the right
size for one person whenever there are hygienic/fitting needs.
Floor Plan (Layout)

Figure 3. Layout and structural design (42sqm)

Description of Products and Services

Korean Tees (T-shirts, blouse, tank tops)

Printed shirts, collared shirts, plain colored-shirts, female polo

shirts and tank tops

₱50, ₱65, ₱75 and ₱80

Fashion Blouse

Crop tops, off shoulder, plaid shirts/long sleeves, puff sleeves,

etc.

₱65, ₱75, ₱80 and ₱100

Dress

Mix of mini, midi and maxi (above and below the knee length)

₱80, ₱100 and ₱120

White Tees

Unisex tops, plain and printed, mix of round and v-neck

₱40, ₱50 and ₱60

Men's T-shirt

Generally, covers shirts for men (polo shirts, basic tops,

colored, mostly black with prints (or plain only)

₱75, ₱80 and ₱100

Men Shorts

All types of men shorts (cargo, drift, with pockets)

₱75, ₱100 and ₱120

Garterized Shorts (Women)

Cotton and zipper shorts, garterized waistline

₱65, ₱75, ₱80 and ₱100

SquarePants

Both casual (wide and straight cut pants), plain, printed or

stripes

₱80, ₱100 and ₱150

Technology Requirements

Description Amount Source

Laptop ₱14,624 Newegg.com - newegg.com Philippines

https://shopee.ph/GPRINTER-
THERMAL-PRINTER-for-shopee-
Thermal Printer ₱3,400
waybills-WAYBILL-PRINTER-
i.274292945.7156639822

https://www.lazada.com.ph/products/v38
0-ip-camera-cctv-camera-outdoor-with-
night-vision-360-wifi-indoor-network-
security-two-way-audio-ip-camera-smart-
CCTV ₱1,284 wifi-camera-witeless-cctv-recorder-audio-
video-home-camera-cctv-camera-
connect-to-cellphone-with-voice-
i1866082263.html?spm=a2o4l.searchlist.
list.1.49e13b51KT1kFq

https://omnionline.shop/collections/exten
Extension Cords ₱900
sion-cords/products/b-wer-103-pk

https://corporate.convergeict.com/news/c
Wifi (router + internet) ₱1500 onverge-doubles-base-plan-from-
50mbps-to-100mbps/

Machines and Equipment

Description Amount Source

Automatic (Washing Machine) 7kg
https://ansons.ph/product/beko-
wtli070wpp-7-0-kg-top-load-washing-
machine/?gclid=Cj0KCQjw_r6hBhDdARI
₱10,990
sAMIDhV8wsiXP427AWUyscsoSN8Rm
RD8IbYKU7MK4NmOc02owGwAtnmHB
_fcaAl9WEALw_wcB

https://home.abenson.com/megabox-
Storage (120L) ₱2,487
storage-box-120l.html

https://shopee.ph/product/152630286/47
Heavy Duty Clothes Rack (Stainless) ₱9,460
46092977

https://www.lazada.com.ph/shop/edwini/
?itemId=3447010469&spm=a2o4l.pdp_r
evamp.seller.1.2759b879stgpy7&path=pr
5-Layer Rack ₱2,732
omotion-37365-
0.htm&tab=promotion&channelSource=p
dp

Ringlight ₱894 https://shopee.ph/onestopquiapo?catego

 ryId=100013&entryPoint=ShopByPDP&it
emId=4500125862

Packaging Materials (thankyou bag,
₱3,272
stickers, tapes, markers, pouch, etc.)
https://shopee.ph/wopok520?categoryId
=100636&entryPoint=ShopByPDP&itemI
d=348901198&upstream=ymal

https://ansons.ph/product/kolin-
kam95cmc32-1-0-hp-window-type-
airconditioner/?gclid=Cj0KCQjw27mhBh
Aircon (window type) ₱13,695 C9ARIsAIFsETG8xe5qPD-
ebBrjKg1IjH3GiCHh-
XEyUnrYPJMVYegLMxWZ632K7kEaAk
wgEALw_wcB

https://shopee.ph/show_see_ph?categor
Steamer & Lint Remover ₱1,024 yId=100010&entryPoint=ShopByPDP&it
emId=23102035345&upstream=search

https://shopee.ph/product/672681309/16
Hangers, clips, body shaper, etc. ₱6,380
571816660

https://shopee.ph/mikaelleshop0406?cat
Mannequin (straight & dress form, egoryId=100639&entryPoint=ShopByPD
₱5,817
shorts, stand, sale cart) P&itemId=20235278657&upstream=sear
ch

https://shopee.ph/mightyclean?categoryI
Detergent Soap and other cleaning
₱2,214 d=100636&itemId=13209755139&page=
materials (alcohol incl.)
1&sortBy=pop&upstream=ftss

https://shopee.ph/baracoda.ph?categoryI
Waybill sticker (A6 500pcs) ₱250 d=100638&entryPoint=ShopByPDP&ite
mId=6749701972

Shop Decoration (signage, letterboard, https://shopee.ph/loveaudrey.ph?categor

wall décor, whole body mirror, artificial ₱6,415 yId=100636&entryPoint=ShopByPDP&it
flowers, etc.) emId=9250252499&upstream=ymal

Production Process

In a month, a goal of at least 45 kilograms of bale clothes per category is to be

procured from a partner bale supplier in Taytay, Rizal to be delivered in our store, all
clothes from the suppliers are imported from other countries and before we sell them, we
will wash them first to sanitize them. A batch needs 360 kilograms of used clothes to sell
per one month approximately 860 pieces of ready-to-wear clothes. Sorting will take 1 hour
per batch. Washing will take 6 hours per category then the hanging or drying of clothes
for 2 hours. A total of 9 hours per day for 6 days is to be allotted for the whole process.

Sorting of Items
 Washing of
Clothes

Drying (quality
check &
sanitize)

Finished Product
(to sell)

Receiving
Orders (Invoice)

Pack Orders

Delivery (for
online customers)

Figure 4. Technical Flow Chart

Production Materials

To have a finished product or output of femmefatale.clo, washing second-hand

clothes are processed with other materials. The other materials needed are bales of
shirt/shorts/pants, and packaging. We're going to buy a bale or bulk order of used or
second-hand clothes, then wash it for everyone's safety due to it being used. After
sanitizing the clothes, we will now arrange them based on category, post the others and
sell in online to Shopee, Facebook page and live to sell.

Production Schedule

This is the overall description of the business itself. It is important to have clear
and well-defined business operation because this specifies how the business works. This
is the life of the business.

On everyday operation, the entity is opened to the public for making transactions
from 11AM to 7PM. The general manager is in-charge in monitoring day-to-day sales and
implementing the rules and regulations of the shop and make proper and consistent
decisions. She is also responsible for keeping the continuous improvement of the quality
of the products. The bookkeeper or sales inventory records the transactions and prepares
payroll and financial statement. He takes order from customers and disbursement and in-
flows of cash.

Raw materials are supplied directly from the owner of ukay-ukay supplier in Taytay,
Rizal. The other essential materials are supplied by the wholesaler shops in San Mateo,
Rizal or online shopping. The mode of payment of materials may either be cash or credit.
The sales assistant monitors the daily performance, responsible for observing buyers,
and inspects the quality of the clothes. The inspection starts at 3:00PM.

Inventory Schedule

We will be having our own inventory system by categorizing our products and
recording them with the following books of accounts duly stamped by the Bureau of
Internal Revenue; Cash Receipts Journal, Cash Disbursement Journal, Sales Journal,
Purchases Journal, Petty Cash Book and General Journal.

Cash sales and collections are proofed by official receipts which serve as basis of
recording in the cash receipts journal. Expenses and disbursement are paid through cash
fund and properly recorded in any of the special journal and is recorded in the general
journal.

The General Manager is responsible for signing checks. All disbursement is made
by check except for expenses below 3000 pesos. The journals are called as original entry.
Entries in the different journals are posted in the book of final entry known as the general
journal.

Product Delivery

The products to be shipped will be at the Storage Room. Since the business is
simply beginning, the capacity of the items, packaging and so forth will be at the actual
store as it were. It is likewise better if the stocks are as of now in the store. Delivery
Processes. Delivery will be through any dispatch that the buyer prefers. The usual courier
for pick-up is J&T and Lalamove for same day delivery (nearby customers). We will also
be having a free delivery service for nearby areas (inside our subdivision).

Manpower Requirement

There needs to be at least two permanent staff on the premises at all times. This
means employing at least three full-time staff to cover the weekly hours of operation,
vacations and sick leave. As a minimum, a total of three people should be present at any
time: one at the packaging/storage area and two for the sorting, pricing and putting
inventory out onto the sales floor. Much of this work can be done by training the staff.
Supervision and training the fulltime staff would generally be done by the
owner/manager. Therefore, the manager as well as three competent individuals who
would be able to provide oversight for all activities.
Project Timetable (Gantt Chart)

Thrift Store Business Plan Outline

• Business Plan (Executive Summary)

o Mission Statement
o Vision Statement
o Sales Forecasts
▪ 3 Year profit forecast
• Company Summary
o Business Structure
o Startup Summary
▪ Startup cost
• Products Description
• Market Analysis
o Market Trends
o Target Market
o SWOT Analysis
• Strategy & Implementations
o Sales Strategy
o Marketing Objectives
o Advertising Strategy
o Pricing Strategy
• Personnel plan
o Average Salary of Employees
• Financial Plan
o Projected Profit and Loss
o Projected Cash Flow
o Projected Balance Sheet
 Chapter 5
FINANCIAL FEASIBILITY

Introduction

The financial study represents the concrete results of the company's strategy and
structure to gain information about the current and future financial health of an enterprise.
This chapter show in specified terms whether the project will be profitable even with
existing competition. This will be shown in the project preparation of statements and
schedules, mode of financing needed, manner and period of repaying creditors and other
financial consideration that is important to the success of the project.
Start-Up Costs

Particular Amount
FOUNDING EXPENSES
Legal fees ₱1,385
Business permits, licenses and insurance fees 1,060
CAPITAL EXPENDITURES
Machines and Equipment 65,630
Furniture and Fixtures 6,800
Technological Expenses 23,060
PRE-OPERATING EXPENSES
Site Improvement (building ready for occupancy)
Rent (for three months) 48,000
Advertising and Promotion (for three months) 3,750
Purchases (goods for 1 month) 66,400
Other Pre-Operating Expenses (emergency fund
133,915
incl.)
Total Start-Up Costs 350,000
Capital Requirement

Particular Amount
Total Start-Up Costs 350,000
Less: Owner’s Capital Contribution 200,000
Total Amount to be Financed 150,000

Loan Repayment Schedule

Projected Income Statement

Statement of Financial Position

Cash Flow Statement
Financial Ratios

The financial ratios that shall be used in analyzing the financial statements of the
proposed business are liquidity and profitability ratios.
Working capital is the amount of current asset less current liabilities. A company
needs adequate working capital to meet current debts, to carry sufficient inventories, and
to take advantage of cash discount. A company that runs low on working is likely to meet
current obligation or to continue operating.
Liquidity refers to the ability of the business to pay its obligation in cash as they
mature. Among the liquidity ratios that shall be used are the current ratio and quick ratio.
This shows the financial ratio which measures the liquidity and profitability of the
proposed business.
Current ratio reflects the liquidity of the business. It is computed by dividing the
current assets by the current liabilities. It means that it has the capacity to pay its current
obligations. The current ratio for the year is 1.52.
The net income ratios refer to a company ability to generate an adequate return
on investment capital. The net income ratio for the year is 0.01.
The equity ratios reflect the proportion of the total asset that is financed by the
stockholders. The equity ratio for the year is 60%.
 Chapter 6
SOCIO-ECONOMIC FEASIBILITY

Introduction

The success of every business does not only depend on how they could generate
profits and how they could accumulate wealth, but business operation should also be
considered because it could impact their employees, customers, their community as a
whole, the environment, as well as the government in terms of tax.

The main objective of this study is to give the key people who runs the business
awareness on the importance of economic activities which could necessarily affect the
way they run the business enterprise, the manner they could manage all employees, and
the way they could provide their customers better service.

Contribution to the government

Tax is very important for the government especially in public spending and it is a
vital part for the economic growth and stability of our economy as a whole. Some business
does not pay their taxes which is an illegal act for every business. Femmefatale.clo will
ensure that the fees, licenses and taxes will be properly registered and paid to guarantee
that the business can operate safely and legally and to avoid the disruptions of the
business due from its illegal operations and the non-payment of taxes.
Contribution to the society

A. Employment and Income

This government of San Mateo, Rizal together with the increasing number of public
and private businesses that continuously offer jobs were taking action to combat the rate
of unemployment. Since our thrift shop was a small-scale business employing additional
manpower were kept at minimum level to ensure that the employees will be given just
salaries as well benefits such as SSS, Philhealth, PAG-IBIG and 13th month pay
accordingly.
B. Customers and Supply of Commodities
Our shop is a new entrant in the market and it has a lot of competitors which the
enterprise should consider. But through the efforts of the management, they will make
sure that its customers are properly taken care of and their wants will be satisfied by the
affordable and durable products.
 C. Demand for Materials
Since the primary material in making the products were clothes, it would be a great
help to garment businesses by boosting their sales as well as their profits. Other materials
can also be found in the market at an affordable price, so by purchasing the materials it
would also help the suppliers by increasing the demand on the product to gain profits and
to maintain a good relationship with them.
D. Environmental Impact
The environment should also be considered in the operation of the business. Our shop
will make sure that we will adhere and support the government's programs and activities.
They will make sure that wastes will properly undergone waste segregation by providing
trash bins. The equipment will also be regularly monitored for maintenance and
production place to guarantee cleanliness and safety of products.
 APPENDIX A
Legal Requirements to Establish a Business

Listed below are the legal requirements an enterprise needs to obtain before
operating a business. It is very important to secure these essential legal requirements.
The consequences of operating a business without the said legal requirements range
from the closure of business to the imposition of monetary fines, and finally, to
imprisonment.

A. Register the Business Organization with the Securities and Exchange

Commission (SEC)

The first step is to register the business with the appropriate government agency
depending on the type of business organization one wants to establish. In a partnership,
the losses and profits are distributed in accordance with the agreement of the partners. If
only the share of each partner in the profits has been agreed upon, the share of each in
the losses shall be in the same proportion. As for the profits, the industrial partner shall
receive such profits as may be just and equitable under the circumstances. If the industrial
partner contributed capital, he shall also receive a share in the profits in proportion to his
capital.
B. Obtain a Mayor’s or Business Permit
All businesses are required to secure a mayor’s permit or business permit from the
local government of the city or municipality where the business is located. Different cities
and municipalities have different registration procedures and requirements. The following
are the general requirements for securing a permit for a new business:
Application forms:
1. DTI registration or SEC registration, whichever is applicable
2. Lease contract or title covering the property where the business is located,
whichever is
1. applicable
2. Locational or zoning clearance
3. Building permit and occupancy permit 5. Public liability insurance
4. 6. Barangay clearance
5. 7. Fire safety certificate
C. Register with the Bureau of Internal Revenue (BIR)
All businesses have to register with the BIR before the commencement of
operation for taxation purposes. The registration process involves obtaining and
registering a tax identification number (TIN), obtaining BIR-registered official receipts and
invoices, registering the business’s books of accounts, and paying the applicable fees.
The registration must be done at the Revenue District Office (RDO) of the BIR, which
covers the registered address of the business.
D. Register with the Social Security System (SSS)
All businesses that have employees must be registered with the SSS. The
registered employer will be assigned an employer number, which will be used as a
reference for the remittance of monthly contributions, composed of the employee’s
contribution and the employer’s share. SSS coverage is compulsory for all employees,
not over sixty years of age, and their employers. An employer is any person who carries
on in the Philippines any trade, business, industry, undertaking, or activity of any kind and
uses the services of another person who is under his or its orders as regards the
employment. Meanwhile, an employee is any person who performs services for an
employer in which either mental or physical efforts or both are used and who receives
compensation for such services, where there is an employer-employee relationship. The
SSS provides replacement income for employees in times of disability, sickness,
maternity, and old age. It also assists death and funeral expenses.

E. Register with the Philippine Health Insurance Corporation (PhilHealth)

All employers are required to register themselves and their employees with
PhilHealth, the government healthcare system. Upon registration, an employer shall be
issued an employer number. Under the PhilHealth system, the monthly contribution is
divided equally between the employer and the employee. It is deducted and withheld
automatically by the employer from the employee’s salary then remitted to PhilHealth.

F. Register with the Home Development Mutual Fund (Pag-IBIG Fund)

All employees who are or ought to be covered by the SSS are also covered by
mandatory membership in the Pag-IBIG Fund. The Pag-IBIG Fund provides various types
of housing loans to employees. Members make their contributions to the Pag-IBIG Fund
through salary deduction. The employer has the responsibility to deduct the contribution
from the employee’s salary. Together with the employer’s share of the contribution, the
employee contribution is remitted to the Pag-IBIG Fund every month.
 APPENDIX B
Permits and Licenses
 APPENDIX C
Articles of Partnership/Corporation
GENERAL PARTNERSHIP
OF
FEMMEFATALEPH CLOTHING SHOP

KNOW ALL MEN BY THESE PRESENTS:

That we, the undersigned partners, all of legal age, residents and citizens of the
Philippines, have on this day voluntarily associated ourselves together for the purpose of
forming a general partnership under the following terms and conditions and subject to
existing and applicable laws of the Republic of the Philippines:
AND WE HEREBY CERTIFY:
ARTICLE I. Partnership Name: That the name of this partnership shall be
FemmeFatalePH Clothing Shop and shall transact business under the said company
name.
ARTICLE II. Business Purpose: That the purpose/s for which this partnership is
formed is/are: To provide affordable and comfortable clothes that are suitable for any
occasion. We guarantee our customers to provide ready-to-wear clothes that respond to
current fashion trends and also caters fashion blouse, dress, t-shirts, shorts, etc. All of
these products provide satisfaction to customers who want to purchase these items in a
very affordable price.
ARTICLE III. Principal Place of Business: That the principal place of business
of this partnership shall be located at: General Luna St., Corner, Miguel Cristi, Guitnang
Bayan 1, San Mateo, Rizal.
ARTICLE IV. Term of Existence: That this partnership shall have a term of five
(5) years from and after the original recording of its Articles of Partnership by the
Securities and Exchange Commission.
ARTICLE V. Partners’ Circumstances: That the names, nationalities and
complete residence addresses of the partners are as follows:
Name Nationality Complete Residence Address
Alyssa Mae Sonico Filipino San Mateo, Rizal
Gabriel Jove Balahadia Filipino Marikina City
Kirk Justin Marlinga Filipino Quezon Province
Rose Ann Tolosa Filipino Lucena City
ARTICLE VI. Capital Contributions: That the capital of this Partnership shall be
the amount of two hundred thousand pesos (P200,000), Philippine Currency, contributed
in cash by the partners, as follows:
 Name Amount Contributed
Alyssa Mae Sonico 50,000
Gabriel Jove Balahadia 50,000
Kirk Justin Marlinga 50,000
Rose Ann Tolosa 50,000
That no transfer of interest which will reduce the ownership of Filipino citizens to
less than the required percentage of capital as provided by existing laws shall be allowed
or permitted to be recorded in the proper books of the partnership.
ARTICLE VII. Sharing Ratios: That the profits and losses of this partnership shall
be divided and distributed proportionately on the ratio of the capital contribution of each
partner.
ARTICLE IX. Management: That this partnership shall be under Alyssa Mae
Sonico, as General Manager, who shall be in charge of the management of the affairs of
the company. He shall have the power to use the partnership name and in otherwise
performing such acts as are necessary and expedient in the management of the firm and
to carry out its lawful purposes.
ARTICLE X. Undertaking to Change Name: That the partners undertake to
change the name of this partnership, as herein provided or as amended thereafter,
immediately upon receipt of notice or directive from the Securities and Exchange
Commission that another corporation, partnership or person has acquired a prior right to
the use of that name or that the name has been declared as misleading, deceptive,
confusingly similar to a registered name, or contrary to public morals, good customs or
public policy.

IN WITNESS WHEREOF, we have hereunto affixed our signatures this ____ day
of ______, 20___, at ________.

______________________ _______________________
Alyssa Mae Sonico Gabriel Jove Balahadia
TIN TIN
______________________ _______________________
Rose Ann Tolosa Kirk Justin Marlinga
TIN TIN
(Names and Signatures of the partners and TIN)
 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES (____________________________) S.S.

BEFORE ME, a Notary Public, for and in _________________, this ____day of

_________, 20___, personally appeared the following persons:

Name TIN/ID/Passport No. Date & Place Issued

Alyssa Mae Sonico _________________ _________________
Gabriel Jove Balahadia _________________ _________________
Rose Ann Tolosa _________________ _________________
Kirk Justin Marlinga _________________ _________________

known to me and to me known to be the same persons who executed the foregoing
Articles of Partnership constituting of _____ pages, including this page where the
acknowledgement is written, and they acknowledged to me that the same is their free and
voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and place above written.

NOTARY PUBLIC
Doc. No. ______;

Page No. ______;

Book No. ______;

series of 20 ______.
 APPENDIX D
Complete Products and Services

Product Pictures Product Pictures

Korean Tees Men's T-shirt

Fashion Blouse Men Shorts

Garterized Shorts
Dress
(Women)

White Tees SquarePants

 APPENDIX E
Machines & Equipment
 APPENDIX F
Furniture & Fixtures
 APPENDIX G
Technology Requirements
 APPENDIX H
Tools and Supplies
 APPENDIX I
Leasehold Improvement
APPENDIX J
AEQ Table
 APPENDIX K
Curriculum Vitae

Alyssa Mae G. Sonico

20 Cicada st., Greenbrier Village,
Brgy. Guinayang, San Mateo, Rizal
alyssasonix@gmail.com
09752003822
Personal Information
Gender: Female
Religious Affiliation: Christian
Civil Status: Single
Date of Birth: September 20, 1998
Place of Birth: Batac, Ilocos Norte
Age: 24
Citizenship: Filipino
Language/Dialect Spoken: Filipino, English, Ilocano
Educational Background
College
AMA University and Colleges
East Rizal Branch, Antipolo
Bachelor of Science in Business Administration, Major in Financial Management
High School
Christian Care Academy
San Mateo, Rizal
2014-2015
Elementary
Placido del Mundo Elementary School
Novaliches, Quezon City
2010-2011
SKILLS
• Ability to establish and maintain harmonious working relationships with co-
workers and to work effectively in a professional environment.
• Can work independently with less supervision
• Has knowledge in using computer applications
Gabriel Jove Balahadia
Concepcion 1 Marikina City
gabbalahadia123@gmail.com
09953046524
Personal Information
Gender: Male
Religious Affiliation: Christian
Civil Status: Single
Date of Birth: December 25, 2000
Place of Birth: Marikina City
Age: 22
Citizenship: Filipino
Language/Dialect Spoken: Filipino, English
Educational Background
College
AMA University and Colleges
East Rizal Branch, Antipolo
Bachelor of Science in Business Administration, Major in Marketing Management

High School
National Christian Life College
Marikina City
2016-2017

Elementary
National Christian Life College
Marikina City
2012-2013
SKILLS

• Strong communication
• Creative & critical thinking
• Problem-solving
Kirk Justin L. Marlinga
68 Abellanosa St. Barangay 7, Lucena City
kjmarlinga@gmail.com
09851598027
Personal Information
Gender: Male
Religious Affiliation: Roman Catholic
Civil Status: Single
Date of Birth: January 23, 2002
Place of Birth: Lucena City
Age: 21
Citizenship: Filipino
Language/Dialect Spoken: Filipino, English
Educational Background
College
AMA University and Colleges
Lucena Campus
Bachelor of Science in Business Administration, Major in Human Resources
Management

High School
Quezon National High School
Lucena City
2019-2020

Elementary
Dalahican Elementary School
Cavite City
2013-2014
SKILLS
• Pleasant personality, strong communication skills, time management
• Has a good interpersonal and intrapersonal skills that can be applied when
working as part of a team
• Organizational skills, problem solution and reliable
Rose Ann C. Tolosa
Purok Sampaguita 1 Brgy 10 Bel-air Lucena City
tolosaroseann920@gmail.com
09463372913

Personal Information
Gender: Female
Religious Affiliation: Roman Catholic
Civil Status: Single
Date of Birth: June 29, 2001
Place of Birth: Manila
Age: 21
Citizenship: Filipino
Language/Dialect Spoken: Filipino, English

Educational Background
College
Abe International Business College
Lucena City
Bachelor of Science in Business Administration, Major in Marketing Management

High School
Lucena City National High School
Brgy. Ibabang Dupay, Red-V Lucena City
2018-2019

Elementary
Lucena East III Elementary School
Brgy 10 Lucena City
2012-2013

SKILLS

• Ability to work effectively with others

• Dedicated and self-motivated
• Creative thinking