A Business Financial Plan

Presented to

the Faculty of the Graduate School

Divine Word College of Calapan, Calapan City

In Partial Fulfillment

Of the Requirements for the Degree

Bachelor of Science in Office Administration

Diamond Dame Darrel A. Basco

Ivan Roy D. Siscar

March 2018
 Chapter 1

Company profile

Business Structure

An Indoor shooting range business can be considered as an opportunity for

those who want to learn proper gun handling and firing and for those who need a facility
to practice their gun firing skills. Aside from that, the primary target markets of this
business are the Criminology Department of Divine Word College of Calapan (DWCC),
Mindoro State College of Agriculture and Technology (MINSCAT) Calapan Campus, and
Luna Goco Colleges. Students from these departments have a subject that requires them
to learn the proper gun firing etiquette and techniques. Having an indoor shooting range
will reduce the transportation cost of the students since in Calapan City; there are only
two existing shooting ranges – one in Suqui and one in Malad.

The indoor shooting range is also offered to the secondary target market - the gun owners

with license and with expired license. Guns, ammos and varied target range are also

offered in this business. In this business, security is also a top priority

Products and Services

Product

The DWCC Indoor Shooting Range business will require the students to submit a
signed waiver from the parents and/or from the school if they came from school other
than DWCC and a complete medical certificate. The next step is for the instructor to
teach the students the basic etiquettes of handling a gun. After completing the lessons, the
students will proceed to the indoor shooting range where they will see the gun firing
practices first hand. The students must wear ear muffs and safety goggles. Four students,
the instructor and the adviser are the only people allowed inside the shooting range
during the practice. An available area with see-through wall is available to the watchers
or other students. The next step is where the students will be required to handle the guns
where they will be taught by the instructor directly. The students will be instructed to
shoot at a five-meter or ten-meter target range.

For outsiders:

The outsiders are required to submit photocopies of at least two of their Valid IDs’ and
they must sign a waiver that will be given by the instructor. Upon arrival at the DWCC
indoor shooting range, they will be required to pay the fee to use the facilities. They
can practice according to their way as long as the instructor approves it.

Services

 The DWCC Indoor Shooting Range will offer gun rentals, ammos, and
available instructor.
 They will also provide secure and safe facilities not only for the customers but
also to the people surrounding it.
 Chapter II

INCOME STATEMENT

FOR THE YEAR 2018 – 2022

2018 2019 2020 2021 2022

1,165,824.0 1,247,431.6 1,334,751.9 1,428,184.5 1,528,157.4
Revenue
0 8 0 3 5
Less: Operating
Expense
Materials
249,600.00 257,088.00 264,800.64 272,744.66 280,927.00
Expense
Utilities Expense 54,000.00 55,620.00 57,288.60 59,007.26 60,777.48
Repair and
60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
Maintenance
Cleaning
Material 270.00
Expense
Permits and
28,550.00 3,550.00 3,550.00 3,550.00 3,550.00
Licenses
Advertising
900.00 927.00 954.81 983.45 1,012.96
expense
Salaries
450,360.00 463,870.80 477,786.92 492,120.53 506,884.15
expense
Benefit expense 24,540.00 24,540.00 24,540.00 24,540.00 24,540.00
Depreciation
25,956.70 25,956.70 25,956.70 25,956.70 25,956.70
Expense
INCOME
271,647.30 355,879.18 419,874.22 489,281.93 564,509.17
BEFORE TAX
Less: Income
81,494.19 106,763.75 125,962.27 146,784.58 169,352.75
Tax (30%)
NET INCOME
190,153.11 249,115.43 293,911.96 342,497.35 395,156.42
AFTER TAX
 CASH FLOW

FOR THE YEAR 2018 – 2022

2018 2019 2020 2021 2022

1,093,720.8 1,368,792.9 1,688,661.5
Beginning Balance 2,057,115.64
1 4 9
Cash Flow from
Operating Activities:
Cash received from 1,165,824.0 1,247,431.6 1,334,751.9 1,428,184.5 1,528,157.4
customers 0 8 0 3 5
Cash paid for materials 249,600.00 257,088.00 264,800.64 272,744.66 280,927.00
Cash paid for utilities 54,000.00 55,620.00 57,288.60 59,007.26 60,777.48
Cash paid for repairs and
60,000.00 60,000.00 60,000.00 60,000.00 60,000.00
maintenance
Cash paid for permits and
28,550.00 3,550.00 3,550.00 3,550.00 3,550.00
licenses
Cash paid for Cleaning
270.00
Materials
Cash paid for
advertisement and 900.00 927.00 954.81 983.45 1,012.96
promotion
Cash paid to employees 450,360.00 463,870.80 477,786.92 492,120.53 506,884.15
Cash paid for employee
24,540.00 24,540.00 24,540.00 24,540.00 24,540.00
benefits
Cash paid for income tax 81,494.19 106,763.75 125,962.27 146,784.58 169,352.75
Net cash from operating
216,109.81 275,072.13 319,868.66 368,454.05 421,113.12
activities
Cash Flow from
Investment Activities:
Purchase of Office
1,100.00 - - - -
Supplies
2,900,000.0
Cash paid for building
0
Purchase of Furniture
8,178.00
and Fixtures
Purchase of Tools and
193,111.00
Equipments
Net cash used in 3,102,389.0
- - - -
investing activities 0
Cash flow from Financing
Activities
Investment from Partners 3,980,000.0
 0
Net cash flow from 3,980,000.0
Financing Activities 0
1,093,720.8 1,368,792.9 1,688,661.5 2,478,228.7
Ending Balance 2,057,115.64
1 4 9 6
 BALANCE SHEET

FOR THE YEAR 2018 – 2022

2018 2019 2020 2021 2022

ASSETS
1,093,720.8 1,368,792.9 1,688,661.5
Cash 2,057,115.64 2,478,228.76
1 4 9
Office Supplies 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00
2,900,000.0 2,900,000.0 2,900,000.0 2,900,000.0
Building 2,900,000.00
0 0 0 0
Furniture and
8,178.00 8,178.00 8,178.00 8,178.00 8,178.00
Fixtures
LESS: Accum.
1,623.33 3,246.67 4,870.00 6,493.33 8,116.67
Depreciation
Tools and
193,111.00 193,111.00 193,111.00 193,111.00 193,111.00
Equipment
LESS: Accum.
24,333.37 48,666.73 73,000.10 97,333.47 121,666.83
Depreciation
4,419,268.5 4,713,180.4 5,055,677.8
TOTAL ASSETS 4,170,153.11 5,450,834.26
4 9 4
LIABILITIES - - - - -
Equity
Beginning 4,419,268.5 4,713,180.4
4,170,153.11 5,055,677.84
Balance 4 9
3,980,000.0
Initial Investment
0
Net Income of the
190,153.11 249,115.43 293,911.96 342,497.35 395,156.42
year
TOTAL LIABILITY 4,419,268.5 4,713,180.4 5,055,677.8
4,170,153.11 5,450,834.26
AND CAPITAL 4 9 4