Crossroads

Public Spaces

Eff
Gross % of Total Gen. Constr. Interior
85%
Area
Area
Cost/sqm Fit-Out
85%
12
100.0%
2,000
0
12
100.0%

Total
Cost

Net Area
(sqm)
Offices + Other General Work Areas (Sales
0
Commissary
20
Storage
0
Total
20

Eff
Gross % of Total Gen. Constr. InteriorPatio &
85%
Area
Area
Cost/sqm Fit-OutGarden
85%
0
0.0%
5,000 10,000 1
85%
24
100.0%
3,000
3,000 1
85%
0
0.0%
5,000
1,500 1
24
100.0%

Total
Cost

EMPLOYEE AREAS
Phase 1
Staff Housing & Recreation Area
Housekeeping
Cafeteria/Employee Lounge
Men's Lockers & Toilets
Women's Lockers & Toilets
Total

Net Area
(sqm)
0
0
0
0
0
0

Eff
Gross % of Total Gen. Constr. InteriorPatio &
85%
Area
Area
Cost/sqm Fit-OutGarden
85%
0
#DIV/0!
20,000
7,000
85%
0
#DIV/0!
20,000
7,000
85%
0
#DIV/0!
20,000
7,000
85%
0
#DIV/0!
3,000
2,000
85%
0
#DIV/0!
3,000
2,000
85%
0 #DIV/0!

Total
Cost

MECHANICAL AREAS

Net Area
(sqm)
0
0
0
0
0
0
0
0

Eff
Gross % of Total Gen. Constr. InteriorPatio &
90%
Area
Area
Cost/sqm Fit-OutGarden
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
90%
0
#DIV/0!
25,000
5,000
0 #DIV/0!

Total
Cost

Food Stall
Total

Number Net Area

of Seats (sqm)
0
10
0
10

ADMINISTRATION & BOH

Mechanical Plant
Transformer Room
Emergency Generator
Meter Room
Sewage Treatment Plant
Electrical Switchboard
Telephone Equipment Room
Total

Grand Total

30

35

23,529
PHP 23,529

0
141,176
0
PHP 141,176

PHP

0
0
0
0
0
PHP 0

0
0
0
0
0
0
0
PHP 0

164,706

PROJECT BUDGET SCHEDULES

Land 1
Land 2
Total

UnitArea (sqm)Cost/sqm
1
130
0
0
0
0
130

SITEWORKS & SIGNAGE & Building Syst

Land 1 -Total Site Dev+Building System
Land 2-Total Site Dev, etc.
Sewage, Drainage & Other Utilities
Site Improvements
Landscaping
Power & Communications
Water Features
Interior Signage
Exterior Signage
Total

PHP
Cost

45.0

0 $
0 $
PHP 0 $

Cost
0
0
0
0
0
0
0
0
30,000
PHP 30,000

$
$
$
$
$
$
$
$
$
$

667
667

FURNITURE & FIXTURES

Pool
Food Stall
Administration
Employee Areas
Engineering
Total

0
10,000
0
0
0
PHP 10,000

$
$
$
$
$
$

222
222

KITCHEN, LAUNDRY & BACK OF HOUSE

F&B Equipment (s/s, chillers, small equi
Engineering Equipment (tools & shop e
Banquet Equipment (stage, lectern, soun
Storage Equipment (shelving)
Medical Equipment
Communication Equipment
Total

Cost
50,000
0
0
10,000
0
0
PHP 60,000

$
$
$
$
$
$
$

1,111
222
1,333

22

$
$

44
444

$
$
$

111
33
767

INVENTORIES
Tableware (china, glass, table linen, etc.
Uniforms
Kitchen, Bar & Banquet Utensils & Smal
F&B Consumables
Cleaning Supplies
Engineering Supplies
Menus & Printed Forms
Total

Cost

Cost
1,000
3,000
2,000
20,000
2,000
5,000
1,500
PHP 34,500

LEGAL, FINANCIAL & ADMINISTRATION

Technical Services Fee
Total

Cost

MARKETING & PREOPENING EXPENSES

Cost

0 $
PHP 0 $

Marketing
Guestroom Mockups
Staff Recruiting & Training
Transportation
Meals & Accommodations
Office Rental
Other Expenses
Preopening & Project Staff Salaries
Pre-opening Activities
Total

WORKING CAPITAL
Working Capital
Total

Total

2,000
0
0
0
0
0
0
0
0
PHP 2,000

$
$
$
$
$
$
$
$
$
$

44
44

Cost
10,000 $
PHP 10,000 $

222
222

PHP 146,500 $

3,256

0
0

MONTHLY
Revenues
Monthly Revenues
Monthly EBITDA
Monthly Earnings

Operations
2015
Year 0

12

Operations
2016
Year 1

Operations
2017
Year 2

Operations
2018
Year 3

Operations
2019
Year 4

Operations
2020
Year 5

Share %
81,600
13,906
10,794

85,000
4,325
2,059

97,750
8,451
4,865

107,525
12,246
7,446

115,589
14,740
9,142

121,369
16,691
10,468

Costs
Monthly Admin exp
Monthly FC
Monthly Salaries
Monthly Sales & Mrktg exp
Monthly Energy and Utilities exp
Monthly Rent

2,722
28,560
14,688
2,042
1,701
14,512

5,950
29,750
15,300
5,100
4,250
15,225

5,865
34,213
17,595
4,888
4,888
15,986

6,452
37,634
18,279
4,301
5,376
16,786

6,935
40,456
18,494
4,624
5,779
17,625

7,282
42,479
18,205
4,855
6,068
18,506

Total Overhead Monthly

64,225

75,575

83,434

88,827

93,914

97,396

2,720
464
360

2,833.33
144.17
68.64

3,258.33
281.71
162.17

3,584.17
408.21
248.19

3,852.98
491.34
304.72

4,045.63
556.36
348.93

90.74
952.00
489.60
68.05
56.71
483.72

198.33
991.67
510.00
170.00
141.67
507.50

195.50
1,140.42
586.50
162.92
162.92
532.88

215.05
1,254.46
609.31
143.37
179.21
559.52

231.18
1,348.54
616.48
154.12
192.65
587.49

242.74
1,415.97
606.84
161.83
202.28
616.87

2,140.83

2,011.67

2,248.25

2,401.39

2,542.97

2,629.66

DAILY
Daily Revenues
Daily EBITDA
Daily Earnings
Costs
Admin
FC
Salaries
Sales and Marketing
Energy and Utilities
Rent
Total Overhead

30

Operations
2021
Year 6

Operations
2022
Year 7

Operations
2023
Year 8

Operations
2024
Year 9

Operations
2025
Year 10

127,437
17,525
11,036

133,809
18,402
11,631

140,500
19,322
12,257

147,525
20,288
12,914

154,901
21,302
13,604

7,646
44,603
19,116
5,097
6,372
19,431

8,029
46,833
20,071
5,352
6,690
20,403

8,430
49,175
21,075
5,620
7,025
21,423

8,851
51,634
22,129
5,901
7,376
22,494

9,294
54,215
23,235
6,196
7,745
23,619

102,266

107,379

112,748

118,385

124,305

4,247.91
584.18
367.85

4,460.31
613.39
387.71

4,683.32
644.06
408.57

4,917.49
676.26
430.47

5,163.36
710.08
453.46

254.87
1,486.77
637.19
169.92
212.40
647.71

267.62
1,561.11
669.05
178.41
223.02
680.10

281.00
1,639.16
702.50
187.33
234.17
714.10

295.05
1,721.12
737.62
196.70
245.87
749.81

309.80
1,807.18
774.50
206.53
258.17
787.30

2,761.14

2,899.20

3,044.16

3,196.37

3,356.18

REVENUES
Restaurant
TOTAL REVENUES

Operations
2015
Year 0
408,000
PHP
408,000

Operations
2016
Year 1
1,020,000
PHP
1,020,000

Operations
2017
Year 2
1,173,000
PHP
1,173,000

Operations
2017
Year 3
1,290,300
PHP
1,290,300

Operations
2018
Year 4
1,387,073
PHP
1,387,073

Operations
2019
Year 5
1,456,426
PHP
1,456,426

142,800
73,440
216,240

357,000
183,600
540,600

410,550
211,140
621,690

451,605
219,351
670,956

485,475
221,932
707,407

509,749
218,464
728,213

DEPARTMENTAL COSTS
Food Cost
Salaries Restaurant
Total Departmental Costs
Departmental Income

PHP

OPERATING EXPENSES
Administrative & General
Sales & Marketing
Property Operations & Maintenance
Energy & Utilities
Rent
Sub Total
Gross Operating Profit
As % of Revenues

191,760

PHP

13,611
10,208
5,104
8,507
72,558
109,988
PHP

479,400

PHP

71,400
61,200
30,600
51,000
182,700
396,900

81,772 PHP
20.0%

82,500 PHP
8.1%

12,240
15,560
53,972

30,600
15,560
36,340

551,310

PHP

619,344

PHP

679,666

PHP

728,213

70,380
58,650
35,190
58,650
191,835
414,705

77,418
51,612
38,709
64,515
201,427
433,681

83,224
55,483
41,612
69,354
211,498
461,171

87,386
58,257
43,693
72,821
222,073
484,230

136,605 PHP
11.6%

185,663 PHP
14.4%

218,494 PHP
15.8%

243,983
16.8%

38,709
15,560
131,394

41,612
15,560
161,322

43,693
15,560
184,730

Reserve for Replacements

Depreciation
Profit Before Inc. Taxes & Amort.

PHP

EBITDA

PHP

69,532 PHP
17.0%

PHP

53,972

PHP
PHP

36,340
11,628.71

PHP
PHP

85,855
27,473.51

PHP
PHP

131,394
42,046.07

PHP
PHP

161,322
51,623.01

PHP
PHP

184,730
59,113.69

PHP

53,972

PHP

24,711

PHP

58,381

PHP

89,348

PHP

109,699

PHP

125,617

NIBT
Income Tax
Earnings

32%

PHP

PHP

51,900 PHP
5.1%

35,190
15,560
85,855

PHP

101,415 PHP
8.6%

PHP

146,954 PHP
11.4%

PHP

176,882 PHP
12.8%

200,291
13.8%

Operations
2020
Year 6
1,529,247
PHP
1,529,247

Operations
2021
Year 7
1,605,710
PHP
1,605,710

Operations
2022
Year 8
1,685,995
PHP
1,685,995

Operations
2023
Year 9
1,770,295
PHP
1,770,295

Operations
2024
Year 10
1,858,810
PHP
1,858,810

535,237
229,387
764,624

561,998
240,856
802,855

590,098
252,899
842,998

619,603
265,544
885,148

650,583
278,821
929,405

PHP

PHP

PHP
PHP

764,624

PHP

802,855

PHP

842,998

PHP

885,148

PHP

929,405

91,755
61,170
45,877
76,462
233,177
508,441

96,343
64,228
48,171
80,285
244,835
533,863

101,160
67,440
50,580
84,300
257,077
560,556

106,218
70,812
53,109
88,515
269,931
588,584

111,529
74,352
55,764
92,940
283,428
618,013

256,183 PHP
16.8%

268,992 PHP
16.8%

282,441 PHP
16.8%

296,563 PHP
16.8%

311,391
16.8%

45,877
15,560
194,745

48,171
15,560
205,260

50,580
15,560
216,301

53,109
15,560
227,894

55,764
15,560
240,067

PHP

210,305 PHP
13.8%

PHP

220,820 PHP
13.8%

PHP

231,861 PHP
13.8%

PHP

243,454 PHP
13.8%

255,627
13.8%

PHP
PHP

194,745
62,318.34

PHP
PHP

205,260
65,683.22

PHP
PHP

216,301
69,216.35

PHP
PHP

227,894
72,926.13

PHP
PHP

240,067
76,821.40

PHP

132,426

PHP

139,577

PHP

147,085

PHP

154,968

PHP

163,245

OPERATING ASSUMPTIONS RESTAURANT

Avail Seats
Seats Occupied
Average Occupancy Rate
Average Check/seat
Avereage Check/seat ($) $
Operating Days
Seats

45
2015
Year 0
1,360
1,360
100%
PHP 300
7
24
57

F&B Rev
F&B Rev ($)
REVPAS
REVPAS

408,000 Php 1,020,000 Php 1,173,000 Php

9,067 $
22,667 $
26,067 $
PHP 300
PHP 150
PHP 173
7 $
3 $
4 $

OPERATING EXPENSES
Administrative & General
Food Cost
Salaries & Wages
Sales & Marketing
Property Operations & Ma
Energy & Utilities
Reserve for Replacements

Php
$
$

Year 0
8.00%
35.00%
18.00%
6.00%
3.00%
5.00%
3.00%

45
2016
Year 1
6,800
6,800
100%
PHP 150
3 $
120
57

45
2017
Year 2
6,800
6,800
100%
PHP 173
4 $
120
57

45
2017
Year 3
6,800
6,800
100%
PHP 190
4 $
120
57

45
2018
Year 4
6,800
6,800
100%
PHP 204
5 $
120
57

1,290,300 Php
28,673 $
PHP 190
4 $

1,387,073 Php
30,824 $
PHP 204
5 $

Year 1
7.00%
35.00%
18.00%
6.00%
3.00%
5.00%
3.00%

Year 2
6.00%
35.00%
18.00%
5.00%
3.00%
5.00%
3.00%

Year 3
6.00%
35.00%
17.00%
4.00%
3.00%
5.00%
3.00%

174,000.00
-

14500

12

Year 4
6.00%
35.00%
16.00%
4.00%
3.00%
5.00%
3.00%

45
2019
Year 5
6,800
6,800
100%
PHP 214
5 $
120
57
1,456,426 Php
32,365 $
PHP 214
5 $

Year 5
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

45
2020
Year 6
6,800
6,800
100%
PHP 225
5 $
120
57

45
2021
Year 7
6,800
6,800
100%
PHP 236
5
120
57

1,529,247 Php
33,983 $
PHP 225
5 $

Year 6
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

45
2022
Year 8
6,800
6,800
100%
PHP 248
6 $
120
57

1,605,710 Php 1,685,995 Php

35,682 $
37,467 $
PHP 236
PHP 248
5 $
6 $

Year 7
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

Year 8
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

45
2023
Year 9
6,800
6,800
100%
PHP 260
6 $
120
57

1,770,295 Php 1,858,810

39,340 $
41,307
PHP 260
PHP 273
6 $
6

Year 9
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

Total
Fixed Cost
Rental
Basic management fee

Average Rate
Service

Number of seats

Main Tenders

57
57

Operating Months

% of Inventory

Average Rate/Type

100.0% PHP
100.0%

150

5
12

Operating Days

145
360
Friday

Tenders

% of Seats
5667%

Saturday
50

Sunday
60

60

56.67

Revenue
PHP
PHP

8,500
8,500

Weighted Average Total Seats Available

PHP

150

45
2024
Year 10
6,800
6,800
100%
PHP 273
6
120
57

Year 10
6.00%
35.00%
15.00%
4.00%
3.00%
5.00%
3.00%

PROJECT BUDGET SUMMARY

###
###
###
##

Item
Amount
Land
PHP
General Construction + PHP 164,706
FF&E, OS&E + Fees+Oth PHP 146,500
Contingency
PHP
15,560
Total Cost

PHP 326,766

45
$
$

Percent
-

Cost per Sqm

0.00%

$ 3,660

50.40%

PHP 4,667

$ 3,256

44.83%

PHP 4,151

346

4.76%

$ 7,261

###

PHP

441
###

Operations
Year 0
2015

USD
12Yr Totals

Item
Outflow
PROJECT COST
Land
Construction
FF&E & All Other
Contingency
Debt Financiang 1
Debt Financiang 2
Total Project Cost

$
$
$
$
$
$
$

Inflow
RESTAURANT EBITDA
YEARLY CASH FLOWS
Scenario 1:
Yearly Net Cash Flows $
Total Equity Investment Required
$
NPV (10%) $
IRR

NET Operating Profit After Tax

Php

NPV PHP
IRR

(164,706)
(146,500)
(15,560)
(326,766)

$
$
$
$
$

1,839,511

Operations
Year 1
2016

(74,118) $
(21,975) $
$
$
$
(96,093) $

69,532

Operations
Year 2
2017

(8,235)
(14,650)
(12,448)
$
(35,334) $

Operations
Year 3
2018

$
$

Operations
Year 4
2019

$
$

Operations
Year 5
2020

$
$

Operations
Year 6
2021

Operations
Year 7
2022

51,900

101,415

146,954

176,882

200,291

210,305

220,820

1,777,616 $
(326,766)
1,474,546
195.8%

(26,561) $

16,566

101,415

146,954

176,882

200,291

210,305

220,820

1,205,581 Php
1,189,049
161%

(26,561) Php

16,566

Php

68,962

Php

99,929

Php

120,280

Php

136,198

Php

143,007

Php

150,158

PHP

32,453

PHP

47,025

PHP

56,602

PHP

64,093

PHP

67,298

PHP

70,663

INCOME TAX
32%
NET Operating Profit After Tax
PHP
Cash Flow Running Balance

NIBDAT

161% Php
1,189,049
Php

(26,561) Php

16,566

Php

68,962

Php

99,929

Php

120,280

Php

136,198

Php

143,007

Php

150,158

(26,561) Php

(9,994) Php

91,421

Php

238,375

Php

415,257

Php

615,548

Php

825,853

Php

1,046,673

196% Php

(26,561) Php

16,566

101,415

Php

146,954

Php

176,882

Php

200,291

Php

210,305

Php

220,820

Php

Operations
Year 8
2023

Operations
Year 9
2024

Operations
Year 10
2025

231,861

243,454

255,627

231,861

243,454

255,627

Php

157,666

Php

165,549

Php

173,826

PHP

74,196

PHP

77,905

PHP

81,801

Php

157,666

Php

165,549

Php

Php

1,278,535

Php

1,521,989

Php

231,861

Php

243,454

Terminal Value
1,860,529

Php

1,860,529

173,826

Php

1,860,529

Php

1,777,616

Php

3,638,146

Php

255,627

Php

1,860,529