Feasibility Study Essay

This guinea pig of operation is developed to provide an entrepreneur with possible investing opportunity in setting up and operating a omit eating ho drop offering a variety of nutriment and beverages items and accompanied by a select service to the general state-supported. This feasibility schooling gives an insight into various aspects of planning, setting up and operating a band eating house for the general populace. The study is designed to provide relevant details (including technical foul) to athletic supporter entrepreneur in ending making by providing various technical as well as business alternatives. The study similarly allows tract strength to change various attend parameters to suit the needs of an entrepreneur and the butt joint market.Brief Background of the StudyA meter restaurant is a food service establishment that serves food, non-alcoholic and alcoholic drinks beer, wine, liquor, and cocktails for consumption on the premises. stop over re staurants provide stools or chairs that argon placed at tables or counters for their patrons. or so bar restaurant urinate cheer on a stage, such as a live band, comedians, go-go dancers, or strippers. Bar restaurants which offer entertainment or live practice of medicine ar often referred to as music bars or nightclubs. Many bar restaurants have a able hour to encourage off-peak guests. Bar restaurants that fill to capacity sometimes instrument a cover charge or a minimum acquire requirement during their peak hours.Such barrestaurants often feature entertainment, which may be a live band or a disk know playing recorded music. The term bar is derived from the specialized counter on which drinks are served. Guests may sit or stand at the bar and be served by the bartender, or they may sit at tables and be served by cocktail servers. And restaurant caters complete set of meal to a prat market, class of market or nodes. So when the bar and restaurant were flummox up togeth er, it has the expertise in serving food and beverages for their guests. The hazard bar is a set of shelves of glasses and bottles behind that counter.In some establishments, the back bar is elaborately decorated with woodwork, etched glass, mirrors, and lights. A bar restaurants owners and managers choose the establishments name, dcor, drink menu, lighting, and former(a) elements which they think ordain attract a certain kind of guests. However, they have only limited influence over who patronizes their establishment. Thus, a bar in the kickoff place intended for adept demographic profile can become commonplace with another.Objectives of the StudyThe objective of the feasibility study is primarily to facilitate us as a potential entrepreneurs in project identification for enthronisation or putting up a business such as a bar restaurant. The project feasibility may form the terra firma of an important investment decision and in order to serve this objective, the account/stu dy covers various aspects of project concept learning, start-up, and production, finance and business management.The study will also correct if it is feasible for an entrepreneur to put up a bar restaurant in San Ramon Dinalupihan, Bataan. Market area, aim selection, contestation and financial analysis are made through observational reoceanrch, surveys and literary works review, and results of the analysis are concluded.Name of the EstablishmentIn order to absorb a success in establishing a food and beverage business, nonpareil should consider on creating a unique name but so easy to remember by the customers. Nowadays, you can become diametric establishments of food and beverages. So to be popular, you must be creative on choosing the step upstrip name for your business.Why BARkada bum?Barkada is a Tagalog word for friends. Having friend with soulfulness is not that easy, it would take a while before you consider a person as one of your friends. At some point, you cann ot consider regular your family as a friend of yours, only if, you and her tagged a prospicient for a while and knew each others secrets.In BARkada lie in wait, you could bring any of your friends and you could also treat all the employees and staffs as one of your friends. Here, you can celebrate all the important occasions of your life and unfreeze the stress and burden that disturb you a lot, just same(p) a friend.Our LogoThe glass tankard with a full colourful music bar inside symbolizes for fun, entertainment and beverages. The two ovals shaped around the main logotype the red which is outside defines stop in our bar restaurant and the commonality which is inside defines go and have fun inside. The stars that is about to fly defines everyone is a performer here, either youre a singer or a dancer.Our MissionTo provide a fun and entertaining bar restaurant service with top quality food that will exceed the customers expectations.Our VisionTo be known in our chosen field and recognized as one of the best establishment providing the best short letter of foods that contribute to the growth of F&B and Hospitality Industry.Site survival of the fittestThis section deals with the reason for choosing the site, site analysis evaluation, general area evaluation, local anesthetic area evaluation and the vicinity map.Reason for Choosing the SiteA restaurants location is as crucial to its success as majuscule food and service. The location of a restaurant is the bridge between your bearing market and your concept. The most important aspect of site selection is to keep in line that all factors that could possibly have any bearing on the decision are considered carefully. Selection of a suitable site should come after(prenominal) the restaurateur has gathered the pertinent study and organized, analyzed, and evaluated it. The investigation should be exhaustive and follow a logical process. Decision factors vary in immenseness depending on the individual a nd the type of restaurant under consideration. The decision-making process in site selection must include large amount of information assembled and presented in a clear manner. If this is not done, the chance of making a wise choice is very slim. It is necessary to know the growth patterns of neighbourhoods to determine if a particular type of restaurant will be in demand for the foreseeable forthcoming.The proposed location of BARkada Lounge is at San Ramon Dinalupihan, Bataan. Dinalupihan is a first class municipality in the province of Bataan. A wide variety of different establishments such as food chains, grocery stores, mini bar houses, and the like are located in this place where mint can find entertainment and relaxation. And as the demands of the increasing and unstable needs and wants of the community, they were much bore to experience a highly adaptive dining and trendy fellowship setting in which you can found in Dinalupihan. Since Dinalupihan is in the lay of the tw o leading cities in the region III, which is the Olongapo and Balanga, the handiness to both public and private establishments will definitely make the BARkada Lounge easily place to the public where people can enjoy a cozy air as well as foods and beverages, whether alcoholic or non-alcoholic.Site rendering and evaluation is the initial element in which that of determines the overall physical development of profitable well-planned and visually attractive food and beverage service facilities. Dinalupihan is a 1st class municipality in the province of Bataan, Philippines. It is the only husbandry-locked municipality of the province. Dinalupihan is located 95 kms. east of Manila and can be reached through the Olongapo-Gapan route via the sexual union Luzon Expressway.The town has a total dirt area of 4,460.00 hectares representing 6.69% of the total land area of Bataan. It is composed of 46 barangays with a total population of 92,289 people in 14,833 households. Dinalupihan is primarily an agricultural town whose main resources are palay, net income cane, corn, root crops, legumes and fruits including livestock and poultry. Our proposed site for our future project is located at San Ramon Dinalupihan, Bataan. It is measured as 502 square meters. With this location, we are very confident that the project will be feasible and very effective to our chosen market.The ministration varies from level, rolling and hilly to mountainous especially in the south and north-western sections of the area. The terrain of the municipality is piano sloping to undulating particularly the northern portion wherein cultivated lands are located. amongst the northern and southern fringes are areas moderately sloping to rolling land with some scattered steep hills.The municipality is drained by numerous rivers and wee streams with very few meanders radiating and sloping from the mountain groups down to the sea draining the whole area efficiently.Local Area EvaluationThe study of our chosen locations trading area, job, complementary and competing outlets, and vulnerability put surroundings, area changes, and cost meet our proposed needs as an entrepreneur.Visibility concerns the ability of potential shoppers to enjoy an unobstructed view of a store or its sign from a number of vantage points.It also considers ease of entryway and exit from the site. Local signage ordinances should be check and it is very useful to use the presence of distinguishing landmarks for an accurate direction of the site.Visibility is extremely important to the quality service food industry and popular-priced bar restaurants, because high visibility allows the consumer much time to change lanes and navigate the entrance to an eaterys parking lot. The site is undeniably accessible to main arteries as the municipalitys public market going to Capitol Drive on the right side and vice versa.Locationally, accessibility represents the ease with which people move into and out of an ar ea and, more particularly, into and out of a specific location. When determining accessibility, it is necessary to consider major and tike barter arteries, number of lanes, speed limits, turn signals, turning lanes, curb cuts, and traffic backup, congestion points, and the existence of median strips.The value of a location also depends the accessibility of both public and private modes of transportation, such as customers and suppliers, to and from the site. The BARkada Lounge will be very easy for residents and non-residents of the area to find, with the adequacy and potential of vehicular or passenger is unquestionably high, as we go with the ascend of the continuous economy growth in the Municipality of Dinalupihan.Through pipe system, the Dinalupihan irrigate regularize has the full charge of water emerge distribution in the area. The most common source of water is its ground water. Hence, the water supply in the Municipality of Dinalupihan is very sufficient.Major telepho ne companies servicing the town are Digital Telecommunications (Digitel) and Bayan Telecommunications (BayanTel). Cellular phones are also available through anguish/TalknText, Globe/Touch Mobile, Sun Cellular and Mobiline. Radio Communications Philippines, Inc. (RCPI), provides wire and telegraph services. Electricity is provided by Peninsula Electric Cooperative (PENELCO). The Dinalupihan Water District serves 19 barangays while other areas use free-flowing pumps and deep wells. The town has a total of 8 banks, 7 schools, 3 hospitals/health facilities, and 4 volunteer(a) facilities.Traffic CountsThe study consists of data collection, including existing traffic scripts and turning front counts, projected traffic volumes and the identification of required improvements such as traffic calming devices. This information can be gathered either by an automated tube counter or manually by a County staff which pertains to position personnel who perform traffic counts at intersections, usually during the time in which rush hour arises, to count and record the volume of traffic passing through and turning movements of the vehicles through an intersection. Traffic counts were performed by researchers on the day and hours they predicted that might peak day or hours will occur. The number of vehicles that passed by the site was shown at the table below. BARkada Lounge was ground on the economic status of these people who will be our future target market as indicated by the type of vehicle they are in.