Registration

Business Permit & Licenses Amount

Registration with DTI 500.00
Registration with Baranggay 250.00
Business Permit with Mayor's office 2,951.00
Registration in BIR (10%*monthly rental) 500.00
Documenatry stamp 15.00
OR 1,500.00
Total 5,716.00
 Annual
Utilities Monthly expenses Expenses
Electricity 4,500.00 54,000.00
Water 2,000.00 24,000.00
Internet with Land Line 1,999.75 23,997.00
Gasoline 5,200.00 62,400.00
TOTAL 13,699.75 164,397.00
 COSTING FOR FULL-SERVICE LAUNDRY

FOR WASHING MACHINE PROCESS

Direct Material
Laundry detergent 7g/kilo
Fabric Softener 1ml/kilo
Stain remover 2ml/kilo
Water (0.1 cubic meter/load)
Total Direct Material Cost

Direct Labor
Wash-dry-fold(310/8*1.75)
Wash-dry-press(310/8*1.75)
Wash-dry-press (310/8*2.25)
Total Direct Labor Cost

Overhead-Electricity Consumption
Machine Washing & Drying (1hr & 15mins)
Pressing (30 min.)
T otal Overhead Cost

Total Cost of Process

Total Cost per Unit

COSTING FOR 5KG SELF-SERVICE LAUNDRY

FOR WASHING MACHINE PROCESS

Direct Material
Laundry detergent 7g/kilo

Fabric Softener 1ml/kilo

Water (0.1 cubic meter/load)
Total Direct Material Cost

Direct Labor
Wash-dry-fold(366/8*1.75)
Wash-dry-press (366/8*2.25)
Total Direct Labor Cost

Overhead-Electricity Consumption
Machine Washing & Drying (1hr & 15mins)
Pressing (30 min.)
 T otal Overhead Cost

Total Cost of Process for 8.5kg

Total Cost per Unit

COST OF SERVICES PROVIDED

Inventory, January
Purchases 249,651.34
Freight-in 990.00
Total Purchases 250,641.34
Cost of inventory available for use 250,641.34
Less: Inventory, December 46,799.18
Cost of Inventory Used 203,842.16
Salaries of Direct Workers 386,880.00
Total Depreciation of Direct Equipment 21,325.00

Total Cost of Services 612,047.16

LAUNDRY Cost of Sales

Php 24.00/ kilo Php 64.00/ kilo Php 74.00/ kilo

Wash-dry-fold Wash-dry-press Wash-dry-press-fold daily
(6kilos) (6kilos) (6kilos) weekly
7.98 7.98 7.98 Monthly
1.92 1.92 1.92 Annual
14.64 14.64 14.64
1.8 1.8 1.8
26.34 26.34 26.34
rawmat
26.34/6 27, 648kilos X P4.39 = 121, 3
67.81
67.81
87.19 self-service
67.81 67.81 87.19 daily
weekly
Monthly
3.46 3.46 3.46 Annual
3.46 3.46
3.46 6.92 6.92 daily
weekly
97.61 101.07 120.45 Monthly
8.87 9.19 10.95 Annual

rawmat
LAUNDRY 9.43/5kilos 23, 040kilos X 1.886 =

Wash & Dry

6.65
Units per
1.6 Plastics bundle
1.18 16x24 200
9.43 20x30 100
20x40 100
24x36 100
24x60 100
Sando Bags
0.00 Large 100
Extra Larg 100
Jumbo 100
3.46 Total for 1 year
3.46

12.89
1.84
 121, 374.72 + 43, 453.44
164,828.16

6k X 8cycles X2 machines = 96kilos

96X6 576kilos
576X4 = 2,304 KILOS
2,304X12= 27,648 kilos
27, 648 kilos

wdf and wdpf

, 648kilos X P4.39 = 121, 374.72

f-service
5k X 8cycles x 2 machines= 80 kilos
80 x 6= 480 kilos
480 x4= 1,920 kilos
1, 920X 12 = 23, 040 kilos

8cycles X2 machines= 16 loads

16 loads x 6 days = 96 loads
96 loads x4 weeks = 384 loads
384 loads x 12 = 4,608 loads
4,608 loads xP90 = P414,720

, 040kilos X 1.886 = P 43, 453.44

Bundled Qty Price per

Purchased Bundle Total Amount
13 310 4030
12 165 1980
12 285 3420
12 390 4680
12 620 7440
ags
10 140 1400
10 185 1850
10 330 3300
PhP 28,100.00
 Sales Projection
Demand/ Total Price/ Price/
Laundry Service # of machines # of loads Daily Sales
Load Kilos Kilo Load
Wash-Dry-Fold 2 3 6 36 24 144 864.00
Wash-Dry-Press 2 2 6 24 64 384 1,536.00
Was- Dry-Press-Fold 2 3 6 36 74 444 2,664.00
SelfService 2 8 5 80 - 90 1,440.00
SERVICE INCOME
# of services
Other Service # vehicle Price/Service Daily Service Weekly Service
daily
Pick-up & Delivery 1 8 16 128 768
TOTAL SERVICE INCOME

note: delivery service is 25% of the number of total loads X P16.00

 Weekly Monthly Sales Annual Sales
Sales
5,184.00 20,736.00 248,832.00
9,216.00 36,864.00 442,368.00
15,984.00 63,936.00 767,232.00
8,640.00 34,560.00 414,720.00
Php 1,873,152.00
Weekly Service Monthly Service Annual Service

768 3,072.00 36,864.00

Php 1,910,016.00
 Wash Yours Laundry
Statement of Performance
For the year ended Dec 31
Year 1 Year 2 Year 3 Year 4
Service Revenues Php 1,910,016.00 2,101,017.60 2,311,119.36 2,542,231.30
Less: Expenses
Salaries & Wages 705,030.72 726,181.64 747,967.09 770,406.10
Employee Benefits 63,362.00 65,262.86 67,220.75 69,237.37
Depreciation - Machines 19,466.00 19,466.00 19,466.00 19,466.00
Depreciation - Equipment 18,939.00 17,170.00 17,170.00 17,170.00
Depreciation - Vehicle 9,000.00 9,000.00 9,000.00 9,000.00
Depreciation - Leasehold improvements 10,000.00 10,000.00 10,000.00 10,000.00
Depreciation - Furnitures and Fixtures 930.00 930.00 930.00 930.00
Rent Expense 120,000.00 120,000.00 120,000.00 120,000.00
Interest Expense 28,958.08 28,958.08 28,958.08 -
Supplies Expense 249,649.34 257,138.82 264,852.98 272,798.57
Advertising Expense 6,896.00 7,102.88 7,315.97 7,535.45
SSS contribution 83,160.00 85,654.80 88,224.44 90,871.18
PhilHealth Contribution 25,692.00 26,462.76 27,256.64 28,074.34
PAG-IBIG Contribution 30,413.76 31,326.17 32,265.96 33,233.94
Permits and Licenses 5,716.00 5,716.00 5,716.00 5,716.00
Utilities 164,397.00 169,328.91 174,408.78 179,641.04
Tax Expense 57,300.48 63,030.53 64,921.44 66,869.09
Repairs and maintenance 5,000.00 10,000.00 10,000.00 10,000.00
Total General and Administrative Exp 1,603,910.38 1,652,729.45 1,695,674.13 1,710,949.08

Income Before Tax 306,105.62 448,288.15 615,445.23 831,282.22

Less: Income Tax 11,221.12 42,072.04 83,861.31 139,384.67
Net Income 294,884.50 406,216.11 531,583.92 691,897.55
 Year 5
2,796,454.43

793,518.29
71,314.49
19,466.00
17,170.00
9,000.00
10,000.00
930.00
120,000.00
-
280,982.53
7,761.51
93,597.31
28,916.57
34,230.95
5,716.00
185,030.27
68,875.16
10,000.00
1,756,509.09

1,039,945.34
201,983.60
837,961.74
 Wash Yours Laundry
Statement of Financial Position
As of Dec 31

ASSETS
Current Assets Year 1 Year 2 Year 3
Cash 318,298.12 613,700.14 1,045,408.33
Prepaid Rent 20,000.00 20,000.00 20,000.00
Total Current Assets 338,298.12 633,700.14 1,065,408.33

Non Current Assets

Machines 216,285.00 196,819.00 177,353.00
Less: Accumulated Depreciation 19,466.00 19,466.00 19,466.00
Equipment 105,208.00 86,269.00 67,330.00
Less: Accumulated Depreciation 18,939.00 18,939.00 18,939.00
Vehicle 50,000.00 41,000.00 32,000.00
Less: Accumulated Depreciation 9,000.00 9,000.00 9,000.00
Leasehold Improvements 50,000.00 40,000.00 30,000.00
Less: Accumulated Depreciation 10,000.00 10,000.00 10,000.00
Furnitures and Fixtures 4,649.50 3,719.50 2,789.50
Less: Accumulated Depreciation 930.00 930.00 930.00
Total Non Current Assets 367,807.50 309,472.50 251,137.50

Total assets 706,105.62 943,172.64 1,316,545.83

LIABILITIES & OWNER'S EQUITY

Current Liabilities
Income Tax Payable 11,221.12 42,072.04 83,861.31

Non Current Liabilities

Loan Payable 400,000.00 200,000.00

Total Liabilities 400,000.00 200,000.00 -

Owner's Equity
Capital 294,884.50 701,100.61 1,232,684.52

Total Liabilities and Owner's Equity 706,105.62 943,172.64 1,316,545.83

 Year 4 Year 5
1,851,164.25 2,810,059.92
20,000.00 20,000.00
1,871,164.25 2,830,059.92
OWNER'S EQUITY
Year 1 Year 2
157,887.00 138,421.00 CAPITAL, Beg - 294,884.50
19,466.00 19,466.00 add: Net profit 294,884.50 406,216.11
48,391.00 29,452.00
18,939.00 18,939.00 Capital, End 294,884.50 701,100.61
23,000.00 14,000.00
9,000.00 9,000.00
20,000.00 10,000.00
10,000.00 10,000.00
1,859.50 929.50
930.00 930.00
192,802.50 134,467.50

2,063,966.75 2,964,527.42

139,384.67 201,983.60

- -

1,924,582.08 2,762,543.82
-
2,063,966.75 2,964,527.42
NER'S EQUITY
Year 3 Year 4 Year 5
701,100.61 1,232,684.52 1,924,582.08
531,583.92 691,897.55 837,961.74

1,232,684.52 1,924,582.08 2,762,543.82

 Wash Yours Laundry
Statement of Cash Flows
For the year ended Dec 31

Cash flow from Operating Activities Year 1 Year 2 Year 3 Year 4 Year 5
Cash received from
Net Income 294,884.50 406,216.11 531,583.92 691,897.55 837,961.74
Depreciation - Machines 19,466.00 19,466.00 19,466.00 19,466.00 19,466.00
Depreciation - Equipment 18,939.00 18,939.00 18,939.00 18,939.00 18,939.00
Depreciation - Vehicle 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Depreciation - Leasehold improvements 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Depreciation - Furnitures and Fixtures 930.00 930.00 930.00 930.00 930.00
Increase in Prepaid Rent (20,000.00)
Increase in Tax Payable 11,221.12 30,850.91 41,789.27 55,523.36 62,598.94
Net Cash Flows Provided for Operating Activities 344,440.62 495,402.02 631,708.19 805,755.91 958,895.67

Cash flow from Investing Activities

PPE 426,142.50 - - - -
Net Cash Flows Provided for Investing Activities 426,142.50 - - - -

Cash flow from Financing Activities

Borrowing 600,000.00 - -
Payment for loan 200,000.00 200,000.00 200,000.00
Net Cash Flows Provided for Financing Activities 400,000.00 (200,000.00) (200,000.00) - -

Increase in Cash & Cash Equivalents 318,298.12 295,402.02 431,708.19 805,755.91 958,895.67
Add: Cash & Cash Equivalents, Beg - 318,298.12 613,700.14 1,045,408.33 1,851,164.25
Cash & Cash Equivalents, Ending 318,298.12 613,700.14 1,045,408.33 1,851,164.25 2,810,059.92
 WASH YOURS DEPRECIATION TABLE

Qty Acquisition Total Scrap Estimated Annual

Cost Acquisition Cost Value Useful Life Depreciation
Samsung Front Load Wash & Dry Machine 2 46,695.00 93,390.00 9,339 10 8,405
Whirlpool Top Load Washer 2 46,998.00 93,996.00 9,400 10 8,460
Whirlpool AWD70A Front Load Dryer 1 28,899.00 28,899.00 2,890 10 2,601
Steam Iron 1 8,925.00 8,925.00 893 5 1,607
Flat Iron 2 450.00 900.00 90 5 162
Direct Equipment Overhead 21,235
Generator 1 27,100.00 27,100.00 2,710 5 4,878
Kolin Split-type Aircon 1 19,100.00 19,100.00 1,910 5 3,438
Water Tank 1 10,000.00 10,000.00 1,000 5 1,800
Self- Computing Weighing Scale 2 1,099.00 2,198.00 220 5 396
Devant 32inc LED TV 1 19,995.00 19,995.00 2,000 5 3,600
Asus Desk Top 1 16,990.00 16,990.00 1,699 5 3,058
Total Depreciation of Equipments 17,170
Tricycle 1 50,000.00 50,000.00 5,000 5 9,000
Furniture and Fixtures 4,649.50 4,649.50 5 930
Leasehold Improvements 50,000.00 50,000.00 5 10,000
Total 426,142.50 58,335.00
 PAYROLL SCHEDULE
DEDUCTIONS
Working Monthly SSS Premium Philhealth Premium Pag-ibig Premium
Personnel No. Daily Wage Days Gross Pay
ER EE ER EE ER EE
Manager 1 577 26 15,002.00 1105 545 228 228 300.04 300.04
Service Staff/Front Liner 1 310 26 8,060.00 589.3 290.7 137.5 137.5 161.2 161.2
Washer 2 310 26 16,120.00 589.3 581.4 275 275 322.4 322.4
Laundry Finisher 2 310 26 16,120.00 589.3 581.4 275 275 322.4 322.4
Delivery Man 1 310 26 8,060.00 589.3 290.7 137.5 137.5 161.2 161.2
Total 63,362.00 3,462.20 2,289.20 1,053.00 1,053.00 1,267.24 1,267.24
Total Per Annum 760,344.00 41,546.40 27,470.40 12,636.00 12,636.00 15,206.88 15,206.88
Employer's Contribution 69,389.28
Employee's Contribution 55,313.28
 Total
Deduction Net Monthly
Pay
1073.04 13,928.96
589.4 7,470.60
1178.8 14,941.20
1178.8 14,941.20
589.4 7,470.60
4,609.44 58,752.56
55,313.28 705,030.72
 LOAN SUMMARY
Loan Amount: Php 600, 000.00
Annual Interest Rate: 9% Start of Amortization: January 2019
Loan Period in Years: 3 Scheduled Payment: 19,079.84
Number of Payment per Year: 12 Total Interest: 86,874.23

Payment Beginning Scheduled

Payment Date Principal Interest Ending Balance Cumulative
Number Balance Payment Interest
1 January 31, 2019 600,000.00 19,079.84 14,579.84 4,500.00 585,420.16 4,500.00
2 February 28, 2019 585,420.16 19,079.84 14,689.19 4,390.65 570,730.97 8,890.65
3 March 31, 2019 570,730.97 19,079.84 14,799.36 4,280.48 555,931.61 13,171.13
4 April 30, 2019 555,931.61 19,079.84 14,910.35 4,169.49 541,021.26 17,340.62
5 May 31, 2019 541,021.26 19,079.84 15,022.18 4,057.66 525,999.08 21,398.28
6 June 30, 2019 525,999.08 19,079.84 15,134.85 3,944.99 510,864.23 25,343.27
7 July 31, 2019 510,864.24 19,079.84 15,248.36 3,831.48 495,615.88 29,174.75
8 August 31, 2019 495,615.88 19,079.84 15,362.72 3,717.12 480,253.16 32,891.87
9 September 30, 2019 480,253.16 19,079.84 15,477.94 3,601.90 464,775.22 36,493.77
10 October 31, 2019 464,775.22 19,079.84 15,594.03 3,485.81 449,181.19 39,979.58
11 November 30, 2019 449,181.19 19,079.84 15,710.98 3,368.86 433,470.21 43,348.44
12 December 31, 2019 433,470.21 19,079.84 15,828.81 3,251.03 417,641.40 46,599.47
13 January 31, 2020 417,641.40 19,079.84 15,947.53 3,132.31 401,693.87 49,731.78
14 February 28, 2020 401,693.87 19,079.84 16,067.14 3,012.70 385,626.73 52,744.48
15 March 31, 2020 385,626.73 19,079.84 16,187.64 2,892.20 369,439.09 55,636.68
16 April 30, 2020 369,439.09 19,079.84 16,309.05 2,770.79 353,130.04 58,407.47
17 May 31, 2020 353,130.05 19,079.84 16,431.36 2,648.48 336,698.69 61,055.95
18 June 30, 2020 336,698.68 19,079.84 16,554.60 2,525.24 320,144.08 63,581.19
19 July 31, 2020 320,144.08 19,079.84 16,678.76 2,401.08 303,465.32 65,982.27
20 August 31, 2020 303,465.32 19,079.84 16,803.85 2,275.99 286,661.47 68,258.26
21 September 30, 2020 286,661.47 19,079.84 16,929.88 2,149.96 269,731.59 70,408.22
22 October 31, 2020 269,731.60 19,079.84 17,056.85 2,022.99 252,674.75 72,431.21
23 November 30, 2020 252,674.74 19,079.84 17,184.78 1,895.06 235,489.96 74,326.27
24 December 31, 2020 235,489.96 19,079.84 17,313.67 1,766.17 218,176.29 76,092.44
25 January 31, 2021 218,176.30 19,079.84 17,443.52 1,636.32 200,732.78 77,728.76
26 February 28, 2021 200,732.78 19,079.84 17,574.34 1,505.50 183,158.44 79,234.26
27 March 31, 2021 183,158.44 19,079.84 17,706.15 1,373.69 165,452.29 80,607.95
28 April 30, 2021 165,452.29 19,079.84 17,838.95 1,240.89 147,613.34 81,848.84
29 May 31, 2021 147,613.34 19,079.84 17,972.74 1,107.10 129,640.60 82,955.94
30 June 30, 2021 129,640.60 19,079.84 18,107.54 972.30 111,533.06 83,928.24
31 July 31, 2021 111,533.06 19,079.84 18,243.34 836.50 93,289.72 84,764.74
32 August 31, 2021 93,289.72 19,079.84 18,380.17 699.67 74,909.55 85,464.41
33 September 30, 2021 74,909.55 19,079.84 18,518.02 561.82 56,391.53 86,026.23
34 October 13, 2021 56,391.53 19,079.84 18,656.90 422.94 37,734.63 86,449.17
35 November 30, 2021 37,734.63 19,079.84 18,796.84 283.00 18,937.79 86,732.17
36 December 31, 2021 18,937.81 18,937.81 18,795.77 142.03 - 86,874.23
 PRE-OPERATING EXPENSE
MACHINES
Samsung Front Load Wash & Dry Machine 93,390.00
Whirlpool Top Load Washer 93,996.00
Whirlpool AWD70A Front Load Dryer 28,899.00
EQUIPMENTS
Powergen PG5100i-R Inverter Gasoline Generator 27,100.00
Kolin Split-type Aircon 19,100.00
Water Tank 10,000.00
Self- Computing Weighing Scale 2,198.00
Devant 32inc LED TV 19,995.00
Steam Iron 8,925.00
Flat Iron 900.00
Asus Desk Top 16,990.00
VEHICLE
Second hand tricycle
LEASEHOLD IMPROVEMENTS
FURNITURE & FIXTURES
Bench 1,499.75
Folding Table 2,499.75
Ironing Board 650.00
ADVERTISING EXPENSE
Tarpaulin 896.00
Leaflets & Flyers 6,000.00
SUPPLIES, ETC.
Plastic Container 1,739.75
Black Cloth 100.00
Calculator 50.00
Rubber Gloves 199.00
Fire Extinguisher 2,500.00
Laundry Basket 1,800.00
Dipper 99.00
Plastic Hangers 2,916.66
Big Plastic Basins 750.00
Tagging Paper Roll 9,000.00
Record Book 200.00
Order Slip 1,687.50
Face Mask Ear Loop 2,496.00
Water Hose 75feet 876.00
Packing Tape 3,744.00
Ballpen 60.00
Delivery Slip 1,300.00
Plastic and Sando bags 28,100.00
CLEANING PRODUCTS
2gals. Fabric Softener 7,902.02
5 gals. Laundry Spotter-Food/Grease/Oil/Lipstick/ Bodysoil 3,988.85
5 sacks Ecobrite Detergent 24,178.90
PERMITS AND LICENSES
RENT 2 MONTHS DEPOSIT + 1 MONTH ADVANCE
TOTAL
216,285.00

105,208.00

50,000.00
50,000.00

4,649.50

6,896.00

57,617.91

36,067.77
 5,716.00
30,000.00
562,440.18
 List ofctivities Jan Feb Mar Apr May June July Aug
1 Research and development
2 Putting up equity
3 Site selection
4 Improvement of location and shop
5 Registration
6 Orders and receipts of equipments
7 Intallation of machineries and equipments
8 Services making & testing
9 Hiring & Training of staffs
10 Start of Operation of the business
Sept Oct Nov Dec Jan
financial analysis

Return on Investment
Return on Investment Year 1 Year 2 Year 3 Year 4 Year 5
Net Income 294,884.50 406,216.11 531,583.92 691,897.55 837,961.74
Total Capital 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Return on Investment 49.15% 67.70% 88.60% 115.32% 139.66%

Payback Period
(Original Investment / Average Net Income)
Payback Period
Investment 600,000.00
Average Net Income 552,508.76
Payback Period 1.09 years
financial analysis

DEBIT EQUITY RATIO (Total Liabilities/ Total Assets)

Year 1 Year 2 Year 3 Year 4
Total Liabilities 411,221.12 242,072.04 83,861.31 139,384.67
Total Assets 706,105.62 943,172.64 1,316,545.83 2,063,966.75
Ratio 0.58 0.26 0.06 0.07

SHORT TERM SOLVENCY AND LIQUIDITY (Current Assets/ Current Liabilities)

Year 1 Year 2 Year 3 Year 4
Current Assets 338,298.12 633,700.14 1,065,408.33 1,871,164.25
Current Liabilities 11,221.12 42,072.04 83,861.31 139,384.67
Ratio 30.15 15.06 12.70 13.42

PROFITABILITY(Net Income/ Sales Revenue)

Year 1 Year 2 Year 3 Year 4
Net Income 294,884.50 406,216.11 531,583.92 691,897.55
Service Revenue 1,910,016.00 2,101,017.60 2,311,119.36 2,542,231.30
Ratio 0.15 0.19 0.23 0.27
 )
Year 5
201,983.60
2,964,527.42
0.07

ent Liabilities)
Year 5
2,830,059.92
201,983.60
14.01

Year 5
837,961.74
2,796,454.43
0.30
Payback Period Original Investment / Average Net Income
600,000.00
552,509.76
Payback Period 1.09 yrs
 Wash-Dry-Fold + Self-Service Laundry+ Pick-up & Delivery

Return on Investment Year 1 Year 2 Year 3 Year 4 Year 5

Net Income 28,650.17 120,105.55 211,048.11 324,030.78 420,713.64

Total Capital 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Return on Investment 4.78% 20.02% 35.17% 54.01% 70.12%

Payback Period Year 1 Year 2 Year 3 Year 4 Year 5

Total Investment 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Annual Net Cash Flow 40,842.67 19,283.22 88,666.33 471,032.11 950,080.76
Payback Period 14.69 31.12 6.77 1.27 0.63

Wash-Dry-Press+Fold + Self-Service Laundry + Pick-up & Delivery

Return on Investment Year 1 Year 2 Year 3 Year 4 Year 5

Net Income 1,143,882.12 1,312,953.08 1,504,169.89 5,696,748.68 1,970,404.02
Total Capital 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Return on Investment 190.65% 218.83% 250.69% 949.46% 328.40%

Payback Period Year 1 Year 2 Year 3 Year 4 Year 5

Total Investment 600,000.00 600,000.00 600,000.00 600,000.00 600,000.00
Annual Net Cash Flow 1,156,074.62 2,327,362.70 3,689,867.60 5,483,946.19 7,512,685.20
Payback Period 0.52 0.26 0.16 0.11 0.08
 STATEMENT OF PERFORMANCE (Wash-Dry-Press-Fold + Self-Service Laundry + Pick-up & Delivery)
Year 1 Year 2 Year 3 Year 4 Year 5
Service Revenues Php 2,851,200.00 3,136,320.00 3,449,952.00 3,794,947.20 4,174,441.92
Less: Cost of services 169,983.36 175,082.86 180,335.35 185,745.41 191,317.77
Gross Profit: Php 2,681,216.64 2,961,237.14 3,269,616.65 3,609,201.79 3,983,124.15
Less: Expenses
Salaries & Wages 511,380.72 526,722.14 542,523.81 558,799.52 575,563.51
Depreciation - Machines 19,466.00 19,466.00 19,466.00 19,466.00 19,466.00
Depreciation - Indirect Equipment 17,170.00 17,170.00 17,170.00 17,170.00 17,170.00
Depreciation - Steam Iron 1,607.00 1,607.00 1,607.00 1,607.00 1,607.00
Depreciation - Flat Iron 162.00 162.00 162.00 162.00 162.00
Depreciation - Vehicle 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Depreciation - Leasehold improvements 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Depreciation - Furnitures and Fixtures 930.00 930.00 930.00 930.00 930.00
Rent Exoense 120,000.00 120,000.00 120,000.00 120,000.00 120,000.00
Interest Expense 28,958.08 28,958.08 28,958.08 - -
Supplies Expense 57,617.91 59,346.45 61,126.84 62,960.65 64,849.47
Advertising Expense 6,896.00 7,102.88 7,315.97 7,535.45 7,761.51
SSS contribution 83,160.00 85,654.80 88,224.44 90,871.18 93,597.31
PhilHealth Contribution 25,692.00 26,462.76 27,256.64 28,074.34 28,916.57
PAG-IBIG Contribution 30,413.76 31,326.17 32,265.96 33,233.94 34,230.95
Duties and Licenses 5,716.00 5,716.00 5,716.00 5,716.00 5,716.00
Utilities 164,397.00 169,328.91 174,408.78 179,641.04 185,030.27
Repairs and maintenance 5,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Total General and Administrative Exp 1,097,566.47 1,128,953.19 1,156,131.52 1,155,167.11 1,184,000.59

Income Before Tax 1,583,650.17 1,832,283.95 2,113,485.14 2,454,034.68 2,799,123.56

Tax exemption 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
Taxable Income 1,483,650.17 1,732,283.95 2,013,485.14 2,354,034.68 2,699,123.56
Income Tax 439,768.05 519,330.86 609,315.24 718,291.10 828,719.54
Income After Tax 1,143,882.12 1,312,953.08 1,504,169.89 1,735,743.59 1,970,404.02
 STATEMENT OF PERFORMANCE (Wash-Dry-Fold + Self-Service Laundry + Pick-up & Delivery)
Year 1 Year 2 Year 3 Year 4
Service Revenues Php 1,296,200.00 1,425,820.00 1,568,402.00 1,725,242.20
Less: Cost of services 169,983.36 175,082.86 180,335.35 185,745.41
Gross Profit: Php 1,126,216.64 1,250,737.14 1,388,066.65 1,539,496.79
Less: Expenses
Salaries & Wages 511,380.72 526,722.14 542,523.81 558,799.52
Depreciation - Machines 19,466.00 19,466.00 19,466.00 19,466.00
Depreciation - Indirect Equipment 17,170.00 17,170.00 17,170.00 17,170.00
Depreciation - Steam Iron 1,607.00 1,607.00 1,607.00 1,607.00
Depreciation - Flat Iron 162.00 162.00 162.00 162.00
Depreciation - Vehicle 9,000.00 9,000.00 9,000.00 9,000.00
Depreciation - Leasehold improvements 10,000.00 10,000.00 10,000.00 10,000.00
Depreciation - Furnitures and Fixtures 930.00 930.00 930.00 930.00
Rent Expense 120,000.00 120,000.00 120,000.00 120,000.00
Interest Expense 28,958.08 28,958.08 28,958.08 -
Supplies Expense 57,617.91 59,346.45 61,126.84 62,960.65
Advertising Expense 6,896.00 7,102.88 7,315.97 7,535.45
SSS contribution 83,160.00 85,654.80 88,224.44 90,871.18
PhilHealth Contribution 25,692.00 26,462.76 27,256.64 28,074.34
PAG-IBIG Contribution 30,413.76 31,326.17 32,265.96 33,233.94
Duties and Licenses 5,716.00 5,716.00 5,716.00 5,716.00
Utilities 164,397.00 169,328.91 174,408.78 179,641.04
Repairs and maintenance 5,000.00 10,000.00 10,000.00 10,000.00
Total General and Administrative Exp 1,097,566.47 1,128,953.19 1,156,131.52 1,155,167.11

Income Before Tax 28,650.17 121,783.95 231,935.14 384,329.68

Tax Exemption 100,000.00 100,000.00 100,000.00 100,000.00
Taxable Income (71,349.83) 21,783.95 131,935.14 284,329.68
Income Tax 1,678.40 20,887.03 60,298.90
Income After Tax 28,650.17 120,105.55 211,048.11 324,030.78
y)
Year 5
1,897,766.42
191,317.77
1,706,448.65

575,563.51
19,466.00
17,170.00
1,607.00
162.00
9,000.00
10,000.00
930.00
120,000.00
-
64,849.47
7,761.51
93,597.31
28,916.57
34,230.95
5,716.00
185,030.27
10,000.00
1,184,000.59

522,448.06
100,000.00
422,448.06
101,734.42
420,713.64
 FINANCIAL POSITION (Wash-Dry-Press-Fold + Self-Service Laundry + Pick-up & Delivery)
ASSETS
Current Assets Year 1 Year 2 Year 3 Year 4 Year 5
Cash 1,156,074.62 2,327,362.70 3,689,867.60 5,483,946.19 7,512,685.20
Prepaid Rent 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Total Current Assets 1,176,074.62 2,347,362.70 3,709,867.60 5,503,946.19 7,532,685.20

Non Current Assets

Machines 216,285.00 196,819.00 177,353.00 157,887.00 138,421.00
Less: Accumulated Depreciatio 19,466.00 19,466.00 19,466.00 19,466.00 19,466.00
Flat Iron 900.00 738.00 576.00 414.00 252.00
Less: Accumulated Depreciatio 162.00 162.00 162.00 162.00 162.00
Steam Iron 8,925.00 7,318.00 5,711.00 4,104.00 2,497.00
Less: Accumulated Depreciatio 1,607.00 1,607.00 1,607.00 1,607.00 1,607.00
Indirect Equipment 95,383.00 78,213.00 61,043.00 43,873.00 26,703.00
Less: Accumulated Depreciatio 17,170.00 17,170.00 17,170.00 17,170.00 17,170.00
Vehicle 50,000.00 41,000.00 32,000.00 23,000.00 14,000.00
Less: Accumulated Depreciatio 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Leasehold Improvements 50,000.00 40,000.00 30,000.00 20,000.00 10,000.00
Less: Accumulated Depreciatio 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Furnitures and Fixtures 4,649.50 3,719.50 2,789.50 1,859.50 929.50
Less: Accumulated Depreciatio 930.00 930.00 930.00 930.00 930.00
Total Non Current Assets 367,807.50 309,472.50 251,137.50 192,802.50 134,467.50

Total assets 1,543,882.12 2,656,835.20 3,961,005.09 5,696,748.68 7,667,152.70

LIABILITIES & OWNER'S EQUITY

Non Current Liabilities
Loan Payable 400,000.00 200,000.00

Total Liabilities 400,000.00 200,000.00 - - -

Owner's Equity
Capital 1,143,882.12 2,456,835.20 3,961,005.09 5,696,748.68 7,667,152.70

Total Liabilities and Owner's Equity 1,543,882.12 2,656,835.20 3,961,005.09 5,696,748.68 7,667,152.70
 OWNER'S EQUITY (Wash-Dry-Press-Fold + Self-Service Laundry + Pick-up & Delivery)
Year 1 Year 2 Year 3 Year 4 Year 5
CAPITAL, Beg - 1,143,882.12 2,456,835.20 3,961,005.09 5,696,748.68
add: Net profit 1,143,882.12 1,312,953.08 1,504,169.89 1,735,743.59 1,970,404.02

Capital, End 1,143,882.12 2,456,835.20 3,961,005.09 5,696,748.68 7,667,152.70

 (Wash-Dry-Fold and Self-Service Laundry+ Pick-up & Delivery)
ASSETS
Current Assets Year 1 Year 2 Year 3 Year 4 Year 5
Cash 40,842.67 19,283.22 88,666.33 471,032.11 950,080.76
Prepaid Rent 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Total Current Assets 60,842.67 39,283.22 108,666.33 491,032.11 970,080.76

Non Current Assets

Machines 216,285.00 196,819.00 177,353.00 157,887.00 138,421.00
Less: Accumulated Depreciation 19,466.00 19,466.00 19,466.00 19,466.00 19,466.00
Flat Iron 900.00 738.00 576.00 414.00 252.00
Less: Accumulated Depreciation 162.00 162.00 162.00 162.00 162.00
Steam Iron 8,925.00 7,318.00 5,711.00 4,104.00 2,497.00
Less: Accumulated Depreciation 1,607.00 1,607.00 1,607.00 1,607.00 1,607.00
Indirect Equipment 95,383.00 78,213.00 61,043.00 43,873.00 26,703.00
Less: Accumulated Depreciation 17,170.00 17,170.00 17,170.00 17,170.00 17,170.00
Vehicle 50,000.00 41,000.00 32,000.00 23,000.00 14,000.00
Less: Accumulated Depreciation 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
Leasehold Improvements 50,000.00 40,000.00 30,000.00 20,000.00 10,000.00
Less: Accumulated Depreciation 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
Furnitures and Fixtures 4,649.50 3,719.50 2,789.50 1,859.50 929.50
Less: Accumulated Depreciation 930.00 930.00 930.00 930.00 930.00
Total Non Current Assets 367,807.50 309,472.50 251,137.50 192,802.50 134,467.50

Total assets 428,650.17 348,755.72 359,803.83 683,834.61 1,104,548.26

LIABILITIES & OWNER'S EQUITY

Non Current Liabilities
Loan Payable 400,000.00 200,000.00

Total Liabilities 400,000.00 200,000.00 - - -

Owner's Equity
Capital 28,650.17 148,755.72 359,803.83 683,834.61 1,104,548.26

Total Liabilities and Owner's Equity 428,650.17 348,755.72 359,803.83 683,834.61 1,104,548.26
 OWNER'S EQUITY
Year 1 Year 2 Year 3 Year 4
CAPITAL, Beg - 28,650.17 148,755.72 359,803.83
add: Net profit 28,650.17 120,105.55 211,048.11 324,030.78

Capital, End 28,650.17 148,755.72 359,803.83 683,834.61

 Year 5
683,834.61
420,713.64

1,104,548.26
 STATEMENT OF CASH FLOWS (Wash-Dry-Fold + Self-Service Laundry+ Pick-up & Delivery)
Cash flow from Operating Activities Year 1 Year 2 Year 3 Year 4 Year 5
Cash received from
sales 1,296,200.00 1,425,820.00 1,568,402.00 1,725,242.20 1,897,766.42
Payment for
Income Tax - 1,678.40 20,887.03 60,298.90 101,734.42
Interest 28,958.08 28,958.08 28,958.08
SUPPLIES 227,601.27 234,429.31 241,462.19 248,706.05 256,167.23
OPEX 952,655.48 982,313.66 1,007,711.59 1,033,871.46 1,060,816.13
Net Cash Flows Provided for Operating Activities 86,985.17 178,440.55 269,383.11 382,365.78 479,048.64

Cash flow from Investing Activities

PPE 426,142.50 - - - -
Prepaid Rent 20,000.00
Net Cash Flows Provided for Investing Activities 446,142.50 - - - -

Cash flow from Investing Activities

Borrowing 600,000.00 - - -
paid loan 200,000.00 200,000.00 200,000.00
Net Cash Flows Provided for Financing Activities 400,000.00 (200,000.00) (200,000.00) - -

Increase in Cash & Cash Equivalents 40,842.67 (21,559.45) 69,383.11 382,365.78 479,048.64
Add: Cash & Cash Equivalents, Beg - 40,842.67 19,283.22 88,666.33 471,032.11
Cash & Cash Equivalents, Ending 40,842.67 19,283.22 88,666.33 471,032.11 950,080.76
 STATEMENT OF CASH FLOWS (Wash-Dry-Press-Fold + Self-Service Laundry + Pick-up & Delivery)
Cash flow from Operating Activities Year 1 Year 2 Year 3 Year 4 Year 5
Cash received from
sales 2,851,200.00 3,136,320.00 3,449,952.00 3,794,947.20 4,174,441.92
Payment for
Income Tax 439,768.05 519,330.86 609,315.24 718,291.10 828,719.54
Interest 28,958.08 28,958.08 28,958.08
SUPPLIES 227,601.27 234,429.31 241,462.19 248,706.05 256,167.23
OPEX 952,655.48 982,313.66 1,007,711.59 1,033,871.46 1,060,816.13
Net Cash Flows Provided for Operating Activi 1,202,217.12 1,371,288.08 1,562,504.90 1,794,078.59 2,028,739.02

Cash flow from Investing Activities

PPE 426,142.50 - - - -
Prepaid Rent 20,000.00
Net Cash Flows Provided for Investing Activit 446,142.50 - - - -

Cash flow from Investing Activities

Borrowing 600,000.00 - - -
paid loan 200,000.00 200,000.00 200,000.00
Net Cash Flows Provided for Financing Activi 400,000.00 (200,000.00) (200,000.00) - -

Increase in Cash & Cash Equivalents 1,156,074.62 1,171,288.08 1,362,504.90 1,794,078.59 2,028,739.02
Add: Cash & Cash Equivalents, Beg - 1,156,074.62 2,327,362.70 3,689,867.60 5,483,946.19
Cash & Cash Equivalents, Ending 1,156,074.62 2,327,362.70 3,689,867.60 5,483,946.19 7,512,685.20