BUSINESS RESEARCH

Baked by Canary
FINANCIAL FEASIBILITY
HOW TO DO FINANCIAL ANALYSIS

PRE-OPERATIONS:

1.0 Determine the start-up costs

2.0 Determine the projected operating expenses
3.0 Determine capital requirement
4.0 Determine amount for financing (if needed)
 Baked by Canary
START-UP COSTS

Particular Amount
FOUNDING EXPENSES 18,000
Professional fees 10,000
Business permits, licenses and insurance fees 3,000
Other founding expenses 5,000
CAPITAL EXPENDITURES 121,485
Machines and Equipment 100,495
Furniture and Fixtures 20,990
PRE-OPERATING EXPENSES 90,000
Business/Market Research 10,000
Branding 10,000
Advertising and Promotion 20,000
Advance Rent 45,000
Other Pre-Operating Expenses 5,000
Total Start-Up Costs 229,485

SUMMARY OF CAPITAL EXPENDITURES

MACHINES & EQUIPMENT Amount

Airconditioning unit 20,495
Commercial Oven 30,000
Refrigerator 20,000
Refrigerator Display 10,000
Bakeware 20,000
Total Machines and Equipment 100,495

FURNITURE & FIXTURES Amount

Ceiling Spotlights 990
Storage Cabinet 20,000
Total Furniture and Fixtures 20,990
d by Canary
T-UP COSTS

Description

P10,000 for legal, accounting, and other consultancy

P3,000 annually
P5,000 miscellaneous expenses

see details below

see details below

P20,000
P10,000
P20,000
3-month advance rent at P15,000 per month
P10,000

Description
1 units @ P20,495 (source: Lazada)
1 unit @ P30,000 (source: Lazada)
2 units @ 10,000(source: Lazada)
1 unit @ P10,000(source: Lazada)
Complete set(source: All About Baking)

Description
1 unit @P990 (source: IKEA PH)
2 units @ P10,000 (source: IKEA PH)
 Baked by Canary
CAPITAL REQUIREMENT

Particular Amount
Total Start-up Cost 229,485
Add: working fund 421,010
Total Capital Requirement 650,495
Less: Capital contribution 400,000
Total Amount for financing 250,495
Total Amount for financing (roundup) 260,000
d by Canary
REQUIREMENT

Description

from OPEX equivalent to 3months

contribution of 2 partners at P200,000 each

 Baked by Canary
OPERATING EXPENSE

Particular Monthly Year 1

Salaries and wages 45,600 547,200
SSS ER Contribution 3,868 46,416
EC ER Contribution 70 840
Provident Fund - -
PhilHealth 799 9,588
Rent 15,000 180,000
Utilities 20,000 240,000
Marketing 2,000 24,000
Communications 2,000 24,000
Business permits, licenses & insurance 3,000
Purchases 50,000 600,000
Others 1,000 12,000
Total Operating Expense 140,337 1,687,044
ary
ENSE

Description
see details in Manpower worksheet
see details in Manpower worksheet
see details in Manpower worksheet
see details in Manpower worksheet
see details in Manpower worksheet
P15,000 per month
P20,000 per month
P2,000 per month
P2,000 per month
P3,000 per year
P50,000 initial inventory purchase
P1,000 per month miscellaneous
MANPOWER REQUIREMENT

No. Position Monthly Year 1 Year 2 Year 3

Salary
1 General Manager 25,000 1 1 1
2 Bookkeeper 16,000 1 1 1
3 Cashier 14,000 1 1 1
4 Sales staff 14,000 2 2 2
5 Delivery driver 14,000 1 1 1
Totals 6 6 6

MANPOWER COST
Summary

No. Position Monthly Year 1 Year 2 Year 3

1 Salaries & Wages 45,600 547,200
2 SSS Employer Contribution 3,868 46,410
3 Employees Compensation 70 840
4 Provident Fund -
5 PhilHealth 799 9,588
Totals 50,337 604,038
Sales Target 2,013,460

MANPOWER COST
Salaries & Wages

Monthly
No. Position Pax Year 1 Year 2 Year 3
Salary
2 Pastry Chef 1 18,000
2 Assistant 1 15,000
2 Cashier 1 12,600
Totals 45,600

MANPOWER COST
SSS Contribution

No. Position Pax Monthly Year 1 Year 2 Year 3

SSS-ER
1 Pastry Chef 1 1,530
2 Assistant 1 1,275
3 Cashier 1 1,063
Totals 3,868
MANPOWER COST
Employees Compensation

Monthly
No. Position Pax Year 1 Year 2 Year 3
EC-ER
1 Pastry Chef 1 30
2 Assistant 1 30
3 Cashier 1 10
Totals 70

MANPOWER COST
Mandatory Provident Fund

Monthly
No. Position Pax Year 1 Year 2 Year 3
MPF-ER
1 Pastry Chef 1
2 Assistant 1
3 Cashier 1
Totals

MANPOWER COST
PhilHealth

Monthly
No. Position Pax Year 1 Year 2 Year 3
PhilHealth
1 Pastry Chef 1 315 3,780
2 Assistant 1 263 3,156
3 Cashier 1 221 2,652
Totals 798 9,588
Year 4 Year 5

2 2
2 2
2 2
4 4
2 2
12 12

Year 4 Year 5

Year 4 Year 5

Year 4 Year 5
Year 4 Year 5

Year 4 Year 5

Year 4 Year 5
Source: https://nwpc.dole.gov.ph/stats/current-real-minimum-wage-rates/
To compute for Monthly Salary

Daily Wage Rate 420.00

x 365 days per year 153,300.00
/ 12 months per year 12,775.00

Daily wage rate 420.00

x 30 days 12,600.00
Source: https://www.sss.gov.ph/sss/DownloadContent?fileName=2021-CONTRIBUTION-SCHEDULE.pdf
ON-SCHEDULE.pdf
Loan Amortization Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008-2021 Vertex42 LLC

Loan Information Summary

Loan Amount 260,000.00 Rate (per period) 0.500%
Annual Interest Rate 6.00% Total Payments 276,560.61
Term of Loan in Years 2 Total Interest 16,560.61
First Payment Date 12/28/2021 Est. Interest Savings 0.00
Payment Frequency Monthly .
Compound Period Monthly .
Payment Type End of Period
Rounding
[42]

Monthly Payment 11,523.36

Amortization Schedule
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
260,000.00
1 12/28/21 11,523.36 1,300.00 10,223.36 249,776.64
2 1/28/22 11,523.36 1,248.88 10,274.48 239,502.17
3 2/28/22 11,523.36 1,197.51 10,325.85 229,176.32
4 3/28/22 11,523.36 1,145.88 10,377.48 218,798.84
5 4/28/22 11,523.36 1,093.99 10,429.36 208,369.48
6 5/28/22 11,523.36 1,041.85 10,481.51 197,887.97
7 6/28/22 11,523.36 989.44 10,533.92 187,354.05
8 7/28/22 11,523.36 936.77 10,586.59 176,767.46
9 8/28/22 11,523.36 883.84 10,639.52 166,127.94
10 9/28/22 11,523.36 830.64 10,692.72 155,435.22
11 10/28/22 11,523.36 777.18 10,746.18 144,689.04
12 11/28/22 11,523.36 723.45 10,799.91 133,889.12
13 12/28/22 11,523.36 669.45 10,853.91 123,035.21
14 1/28/23 11,523.36 615.18 10,908.18 112,127.03
15 2/28/23 11,523.36 560.64 10,962.72 101,164.30
16 3/28/23 11,523.36 505.82 11,017.54 90,146.77
17 4/28/23 11,523.36 450.73 11,072.62 79,074.14
18 5/28/23 11,523.36 395.37 11,127.99 67,946.15
19 6/28/23 11,523.36 339.73 11,183.63 56,762.52
20 7/28/23 11,523.36 283.81 11,239.55 45,522.98
21 8/28/23 11,523.36 227.61 11,295.74 34,227.23
22 9/28/23 11,523.36 171.14 11,352.22 22,875.01
23 10/28/23 11,523.36 114.38 11,408.98 11,466.03
24 11/28/23 11,523.36 57.33 11,466.03 0.00
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment
 Due Payment Additional
No. Interest Principal Balance
Date Due Payment

End
 561020764.xlsx

YOUR COMPANY NAME Inc.

3-YEAR CASH FLOW PROJECTION
Pre-ops Year 1 Year 2 Year 3

Opening Cash Balance ₱400,000.00 Err:509 #NAME? #NAME?

CASH IN
Cash From Sales ₱0.00 ₱0.00 ₱0.00 ₱0.00
Cash From Out-Licensing of Intellectual Property ₱0.00 ₱0.00 ₱0.00 ₱0.00
Loans or Other Financial Vehicles ₱260,000.00 ₱0.00 ₱0.00 ₱0.00
Tax Rebates (eg SR&ED) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Taxes Collected from Sales ₱0.00 ₱0.00 ₱0.00 ₱0.00
Equity Investments ₱0.00 ₱0.00 ₱0.00 ₱0.00
Interest From Bank ₱0.00 ₱0.00 ₱0.00 ₱0.00
TOTAL CASH IN ₱260,000.00 ₱0.00 ₱0.00 ₱0.00

CASH OUT
Cost of Sale (COS) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Staff Expenses ₱0.00 #NAME? #NAME? #NAME?
Manager ₱0.00 ₱0.00 ₱0.00 ₱0.00
Bookkeeper ₱0.00 ₱0.00 ₱0.00 ₱0.00
#NAME? ₱0.00 #NAME? #NAME? #NAME?
Staff ₱0.00 ₱0.00 ₱0.00 ₱0.00
Err:509 ₱0.00 ₱0.00 ₱0.00 ₱0.00
Salaries: NAME OR TITLE OF PERSON ₱0.00 ₱0.00 ₱0.00 ₱0.00
Salaries: NAME OR TITLE OF PERSON ₱0.00 ₱0.00 ₱0.00 ₱0.00
Salaries: NAME OR TITLE OF PERSON ₱0.00 ₱0.00 ₱0.00 ₱0.00
Salaries: NAME OR TITLE OF PERSON ₱0.00 ₱0.00 ₱0.00 ₱0.00
Marketing Expenses ₱0.00 ₱0.00 ₱0.00 ₱0.00
Website Creation and Maintenance ₱0.00 ₱0.00 ₱0.00 ₱0.00
Website and Email Hosting ₱0.00 ₱0.00 ₱0.00 ₱0.00
Market Research ₱0.00 ₱0.00 ₱0.00 ₱0.00
Branding ₱0.00 ₱0.00 ₱0.00 ₱0.00
Advetising and Promotions ₱0.00 ₱0.00 ₱0.00 ₱0.00
Media Relations and PR (include writing) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Marketing Collateral (include writing) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Tradeshow and Conference Attendance ₱0.00 ₱0.00 ₱0.00 ₱0.00
Tradeshow Displays ₱0.00 ₱0.00 ₱0.00 ₱0.00
Language Versioning of Website/eCollateral ₱0.00 ₱0.00 ₱0.00 ₱0.00
Subscriptions to Publications ₱0.00 ₱0.00 ₱0.00 ₱0.00
Other/miscellaneous ₱0.00 ₱0.00 ₱0.00 ₱0.00
Facilities Err:509 ₱420,000.00 ₱420,000.00 ₱420,000.00
Office: Rent ₱0.00 ₱180,000.00 ₱180,000.00 ₱180,000.00
Office: Utilities ₱0.00 ₱240,000.00 ₱240,000.00 ₱240,000.00
Office: Machines & Equipment (capex) Err:509 ₱0.00 ₱0.00 ₱0.00
Office: Furniture and Fittings (capex) ₱20,990.00 ₱0.00 ₱0.00 ₱0.00
Office: ICT (capex) Err:509 ₱0.00 ₱0.00 ₱0.00
Office Cleaning and Waste Management ₱0.00 ₱0.00 ₱0.00 ₱0.00
Manufacturing Plant or Workshop: Rent ₱0.00 ₱0.00 ₱0.00 ₱0.00
Manufacturing Plant or Workshop: Utilities ₱0.00 ₱0.00 ₱0.00 ₱0.00
Manufacturing Plant or Workshop: Furniture and Fittings (cap) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Manufacturing Plant or Workshop: Buildout (cap) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Manufacturing Plant or Workshop: Cleaning and Waste Management ₱0.00 ₱0.00 ₱0.00 ₱0.00
IT/IS ₱0.00 ₱0.00 ₱0.00 ₱0.00

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 561020764.xlsx

Telephones ₱0.00 ₱0.00 ₱0.00 ₱0.00

Integrated Communications System (voice/data) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Workstations, Printers and Peripherals ₱0.00 ₱0.00 ₱0.00 ₱0.00
Software ₱0.00 ₱0.00 ₱0.00 ₱0.00
Network supplies (LAN) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Mobile phones and PDAs ₱0.00 ₱0.00 ₱0.00 ₱0.00
Internal Project Resources ₱0.00 ₱0.00 ₱0.00 ₱0.00
Materials ₱0.00 ₱0.00 ₱0.00 ₱0.00
Equipment ₱0.00 ₱0.00 ₱0.00 ₱0.00
Project Contract Resources ₱0.00 ₱0.00 ₱0.00 ₱0.00
Subcontractor 2: NAME SERVICE ₱0.00 ₱0.00 ₱0.00 ₱0.00
Subcontractor 1: NAME SERVICE ₱0.00 ₱0.00 ₱0.00 ₱0.00
Materials ₱0.00 ₱0.00 ₱0.00 ₱0.00
Facilities and Equipment ₱0.00 ₱0.00 ₱0.00 ₱0.00
Technical Support ₱0.00 ₱0.00 ₱0.00 ₱0.00
Materials ₱0.00 ₱0.00 ₱0.00 ₱0.00
Equipment ₱0.00 ₱0.00 ₱0.00 ₱0.00
Financial ₱0.00 ₱46,093.43 ₱46,093.43 ₱46,093.43
Acquisitions ₱0.00 ₱0.00 ₱0.00 ₱0.00
Loan Payments (P+I) ₱0.00 ₱46,093.43 ₱46,093.43 ₱46,093.43
Incidental Loan Repayments ₱0.00 ₱0.00 ₱0.00 ₱0.00
Short-Term Debt ₱0.00 ₱0.00 ₱0.00 ₱0.00
Aged Accounts Payable ₱0.00 ₱0.00 ₱0.00 ₱0.00
R&D Expenses ₱0.00 ₱0.00 ₱0.00 ₱0.00
In-Licensing of Intellectual Property ₱0.00 ₱0.00 ₱0.00 ₱0.00
Subscriptions and Technical Research ₱0.00 ₱0.00 ₱0.00 ₱0.00
Travel ₱0.00 ₱0.00 ₱0.00 ₱0.00
Selling Expenses (eg Commissions) ₱0.00 ₱0.00 ₱0.00 ₱0.00
Office Support ₱0.00 ₱0.00 ₱0.00 ₱0.00
Office Supplies ₱0.00 ₱0.00 ₱0.00 ₱0.00
Office Equipment ₱0.00 ₱0.00 ₱0.00 ₱0.00
Professional Fees ₱0.00 ₱0.00 ₱0.00 ₱0.00
Legal -- General ₱0.00 ₱0.00 ₱0.00 ₱0.00
Legal -- Patents ₱0.00 ₱0.00 ₱0.00 ₱0.00
Accounting ₱0.00 ₱0.00 ₱0.00 ₱0.00
Bookeeping ₱0.00 ₱0.00 ₱0.00 ₱0.00
Advisor Fees ₱0.00 ₱0.00 ₱0.00 ₱0.00
Banking Charges ₱0.00 ₱0.00 ₱0.00 ₱0.00
Bank Fees ₱0.00 ₱0.00 ₱0.00 ₱0.00
Credit Card Charges and Interest ₱0.00 ₱0.00 ₱0.00 ₱0.00
Interest on Line of Credit ₱0.00 ₱0.00 ₱0.00 ₱0.00
Taxes ₱0.00 ₱0.00 ₱0.00 ₱0.00
Sales Tax ₱0.00 ₱0.00 ₱0.00 ₱0.00
Income Tax ₱0.00 ₱0.00 ₱0.00 ₱0.00
Miscellaneous ₱108,000.00 ₱0.00 ₱0.00 ₱0.00
Founding expenses ₱18,000.00 ₱0.00 ₱0.00 ₱0.00
Pre-opearing expenses ₱90,000.00 ₱0.00 ₱0.00 ₱0.00
Business permits, licenses and insurance fees ₱0.00 ₱0.00 ₱0.00 ₱0.00
Membership Fees ₱0.00 ₱0.00 ₱0.00 ₱0.00
Owner Withdrawals ₱0.00 ₱0.00 ₱0.00 ₱0.00
TOTAL CASH DISBURSEMENT Err:509 #NAME? #NAME? #NAME?
Net Cash Err:509 #NAME? #NAME? #NAME?
Closing Cash Balance (Cummulative) Err:509 #NAME? #NAME? #NAME?

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