PROJECT BACKGROUND AND HISTORY
The proponents thought of a coffee business since Filipinos are known to be coffee – lovers. To satisfy consumer cravings, they came up with other blends of coffee, these blends will surely fulfill the cravings of the buyers.
1.1 Project Proponents
The proponents are composed of three (3) students from the College of Business taking up Hotel and Restaurant Management. The proponents have undergone series of brainstorming in order to come up this kind of business.
Table 1: Proponents NAME | ADDRESS | NATIONALITY | OWNERSHIP | Paringit, Jerick U. | 78 Peras St. Bagong Barrio Caloocan City | Filipino | 33 1/3% | Lacabra, Elisha Grace V. | 43 Ero Bernardino Seminary St. Bagbag Novaliches | Filipino | 33 1/3% | Viloria, Vanessa DC. | 7 Pangako St. Bagong Barrio Caloocan City | Filipino | 33 /3% | 1.2 Proposed Name of the Project The proponents named the business “Kofilicious” a combination of the words Coffee and delicious. It is a place where you can satisfy your coffee cravings at affordable prices. Kofilicious aims to serve blended coffees that are suited to the tastes of the customers. 1.3 Type of Business Organization The proponents agreed to form a General Partnership with all three (3) partners. All of them will manage and participate in the business operation; each partner is subjected to contribute their share to come up with the required capital for the initial operation of the business. All of the proponents would be general partners with 33 1/3% shares each in capital requirement. 1.4 Location of the business The Kofilicious will be located at the Walter Mart, North EDSA at the ground floor area. It is close to the LRT station, in front of Jackman. 1.5 History of the business Initially, the proponents would like to start a Pizza Shop, a Restaurant or a Bar. However there is a difficulty in finding demand and supply of