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PROJECT SUMMARY
This chapter presents the project itself, the feasibility criteria, descriptive
definition of the project, the long range objective of the project, history and basic
business will cater furniture like table, chair, sofa and cabinet. The name was
coined from the word “MUEBLES” which is the Filipino word for furniture. Our
This project will occupy a total of 126 square meters of land in order to
accommodate all the machines and equipment that will be required in the
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C. Descriptive Definition of the Project
furniture like sofa, cabinet, steel bed, dining table and many more. The
proponents want to generate more income in a way that will satisfy the needs of
repaired. The researchers come up with an idea of adding a furniture repair firm.
and renewing colors and hues. When a tree is cut and milled to be made into
provide many years of service, often staying in the same family for generations.
In our furniture repair service, we take great pride in bringing furniture back to its
beautiful beginnings and therefore take several steps to ensure quality end-
results.
project requires actual data wherein the researchers have to conduct series of
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The primary goal of every business is to earn profit and to provide top
quality products and services, more so, to satisfy the needs of the clients and
satisfying the customer’s expectation results to customer loyalty and thus making
the furniture shop the most successful furniture repair firm. Hence, the
service
and confidence.
prospective customers.
E. Feasibility Criteria
the profitability of the services and products and the availability of the raw
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The following are the most important criteria by which almost every
1. Business Capital
2,835,227.39. Capital will be used to buy materials, tools and equipment used in
repair and restoration of furniture and for the establishment of business’ building.
The proponents will look for investors who will shoulder the total initial investment
needed to start the business. MUEBLES Repair and Restoration Services will
Homeowners choose the brand, design and style of each furniture piece
because they want to perfectly match it with their entire home décor. However, at
some point the furniture will reach its end, but not all can afford replacing it with
new pieces. So instead of buying new furniture, availing service that will cater the
There is limited number of services which offer repair and restoration services for
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4. Availability of Materials and Supplies
materials, tools and equipment which will be all bought as initial investments for
the business. These materials, tools and equipment also include wood, glass,
paint, welding machine and sewing machine. Supplies will be bought from
different sources
5. Location
The shop will be located in Poblacion Barangay 9, Lipa City, Batangas due
to its proximity to the target market, low land cost, and environmental concerns.
Electricity, water supply and communication services are also available in the
area.
6. Socio-economic
The business does not only aim to earn profits but also provide
employment to the people of City of Lipa. With the taxes it will pay, it will be able
waste management so that people and environment will be free from hazards of
pollutions. The business will ensure the welfare and health of the residents in the
Satisfying demand, customer’s expectation and gaining profit are the main
goals of almost all businesses and companies nowadays. Because the Renbel
Furniture and Appliance Center has the same goal, the management wanted to
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put its own furniture repair firm generate income and to provide repaired outputs
1. History
The project came from the response of Renbel Furniture and Appliance
Center to the needs of its customers. Considering the fact that the business is
having some sort of problems, especially when their furniture had broken, the
proponents come up with the idea of building its own furniture repair firm.
Furniture repair and restoration service is a cost effective solution that will save
the customers the cost and trouble of replacement. Having a furniture repair firm
would help the business to generate additional incomes, and to provide excellent
service, so the management considers the idea of investing in the said project.
The proponents created a time table for the pre-operation activities; these
activities are established after gathering data, through interviews, with regard to
Evaluation
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3. Registration of Business Name and Securing Necessary
Permits
7. Pre-Operation
8. Start of Operation
July 2019
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2018 2019
ACTIVITY
Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July
1. Project
Conceptualization
and Identification
2. Project Feasibility
Study Preparation,
Screening and
Evaluation
3. Registration of
Business Name and
Securing Necessary
Permits
4. Acquisition of
Land And Equipment
5. Construction of
Business Building
6. Hiring and
Training of Personnel
7. Pre-Operation
8. Start of Operation
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The Gantt chart shows the series of activities of MUEBLES Repair and
Restoration Services before it officially start its operation on July 2019. The
conceptualization and identification of the project would take three (3) months,
from March 2018 to May 2018. Project feasibility study preparation, screening
and evaluation would run for two (2) months from June to July 2018. From
necessary permits would be done which would take two (2) months. Then
acquisition of land and equipment would be good for two (2) months from
construction of business building would take three (3) months from December
2018 to February 2019. From March to April 2019, hiring and training of
personnel will commence. Pre-operation period would take two (2) months from
May to June 2019. Start of business operation will start on July 2019.
business. The furniture repair service take great pride in bringing furniture back
to its beautiful beginnings and therefore take several steps to ensure the
4. Mode of Financing
The business itself will provide for all the expenses and cost incurred on
this project. These include the construction of the facility, acquisition of the
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machine and equipment, hiring and training of the personnel, maintenance cost
5. Investment Cost
to finance all the expenses and preparation of the business operation. The
procurement of the equipment and wage for the workers. The proposed building
1. Market Feasibility
The present demand for furniture restoration service and prevailing market
prices are some factors to consider that will affect the market feasibility of the
service.
These factors that may affect the market like demand, supply and price.
Moreover, the number of customers and the quality of service can also affect the
demand.
2. Technical Feasibility
MUEBLES Repair and Restoration Services will offer the best service to
its customer. The business is armed with latest equipment and utilizes new
Barangay 9, Lipa City. In order to win loyal customers, the proponents will make
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sure that they give their customers quality service at reasonable prices. Different
services will be offered to the customers depending on their needs and wants.
Office hours start from eight in the morning (8:00 am) to five in the
afternoon (5:00 pm) and will run six (6) days a week. Services will depend on
customer needs.
3. Financial Feasibility
The financial aspect of the study for the project has a very important role
in determining and decision making of the business. The feasibility of the project
to finance all the expenses for the preparation of the business. The financial
expenses will be provided by the Renbel Furniture and Appliance Center itself.
4. Socio-Economic Feasibility
This proposed project aims to reduce the unemployment rate in the area.
The facility will generate job opportunities to the locals. Moreover, the
government will also benefit from this project in terms of taxes which can help to
finance the government for its activities and for the general welfare of the public.
5. Management Feasibility
depending upon their position and all workers will be paid fairly with the
prescribed minimum salary per day as the lowest salary to be received by the
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workers. To promote and encourage good performance of the employees, the
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