3. For the Philippines, economic growth as translating to even higher race growth in consumer oriented food imports. With this proven market, it shows that there is a demand for new food and beverage products that will meet the changing and modernizing taste of the consumers and that will fit to their wants because people become more interested in a greater diversity in their food that tradition al diets offer.
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11. Espresso Classics The Traditional Espresso Favourites Cappuccino P85.00 - 110.00 Espresso and steamed milk beneath a thick layer of dense velvety smooth milk Size choices: Small P85.00, Regular P95.00, Large P110.00 Caffe Latte P85.00 - 110.00 Espresso and steamed milk below a thin layer of smooth, silky milk Size choices: Small P85.00, Regular P95.00, Large P110.00 Caffe Mocha P95.00 - 125.00 Rich Chocolate, espresso, and steamed milk finished with whipped cream and chocolate sprinkles Size choices: Small P95.00, Regular P110.00, Large P125.00 Espresso P80.00 - 125.00 Gloria Jean's Special Espresso Blend coaxed to yield the essence of fine coffee. Wonderfully intense and aromatic Size choices: Small P80.00, Regular P110.00, Large P125.00
12. White Chocolate Mocha P110.00 - 145.00 Delicious white chocoalte, espresso and milk. Topped with whipped cream and chocolate sprinkles Size choices: Small P110.00, Regular P125.00, Large P145.00 Chocolate Macadamia Latte P110.00 - 145.00 Creamy hot chocolate and rich espresso combined with the delicious taste of macadamia nuts, served latte style Size choices: Small P110.00, Regular P125.00, Large P145.00 Irish Nut Creme P110.00 - 145.00 A magical mix of Irish Creme and hazelnut Italian style syrups, white chocolate, espresso and milk. All beneath a mound of whipped cream and green sprinkles Size choices: Small P110.00, Regular P125.00, Large P145.00 Very Vanilla Latte P110.00 - 145.00 The rich flavours of vanilla combined with espresso and milk, topped with whipped cream Size choices: Small P110.00, Regular P125.00, Large P145.00
13. Machiatto P80.00 - 125.00 Espresso stained with a creamy milk froth Size choices: Small P80.00, Regular P110.00, Large P125.00 Americano P80.00 - 105.00 Freshly heated water added to espresso resulting in a full-flavoured coffee Size choices: Small P80.00, Regular P90.00, Large P105.00 Filtered Coffee of the Day P75.00 - 100.00 Freshly ground and brewed daily from our selection of origins, blends, and flavoured coffee beans Size choices: Small P75.00, Regular P85.00, Large P100.00 Espresso Expressions Delicious Blend of Espresso, Milk, and Luscious Flavours Caramelatte P110.00 - 145.00 Delicious caramel Italian style syrup added to our cafe latte, then topped with soft caramel sauce. Whipped cream upon request Size choices: Small P110.00, Regular P125.00, Large P145.00
14. Tea & Chocolate Gloria Jean's Coffee uses only the Finest Cocoas and Single Garden Teas. Always Satisfying! Chai Tea Latte P95.00 - 125.00 Black tea leaves with ginger, cadamon, cinnamon and other spices, mixed with steamed milk and served latte style Size choices: Small P95.00, Regular P110.00, Large P125.00 Hot Tea P85.00 - 110.00 Choose from our wide selection of teas including English Breakfast, Green, Australian and decaffeinated Size choices: Small P85.00, Regular P95.00, Large P110.00 Hot Chocolate & Marshmallows P115.00 - 140.00 A rich traditional hot chocolate combined with steamed milk and topped with marshmallows Size choices: Small P115.00, Regular P125.00, Large P140.00
15. HOT DRINKS Macchiato P75.00 Espresso with a dollop of light foam on top served in a demitasse Espresso P75.00 - 99.00 The standard brew is Classico; a blend that exudes subtle power while remaining utterly refined. Simple and honest, it has nothing to hide and everything to give Serving choices: Single P75.00, Double P99.00 Cappuccino P85.00 - 109.00 Size choices: 8 oz. P85.00, 16 oz. P109.00 Cafe Mocha P95.00 - 125.00 Size choices: 8 oz. P95.00, 16 oz. P125.00 White Chocolate Mocha P105.00 Pure white magic- a wonderfully delicious blend of espresso, steamed milk, and white chocolate syrup, crowned with whipped cream and white chocolate shavings, brought together to weave a spell of uncommon delight
16. Cafe Latte P85.00 - 109.00 Espresso with a generous measure of steamed milk and a little foam on top creating a cup of sheer, silken luxury Size choices: 8 oz. P85.00, 16 oz. P109.00 Cafe Au Lait P85.00 - 109.00 Size choices: 8 oz. P85.00, 16 oz. P109.00 Americano P75.00 - 99.00 Espresso with hot water added Size choices: 8 oz. P75.00, 16 oz. P99.00 Brewed Coffee P75.00 - 99.00 The standard brew is Classico; a blend that exudes subtle power while remaining utterly refined. Simple and honest, it has nothing to hide and everything to give Size choices: 8 oz. P75.00, 16 oz. P99.00
17. Hot Tea P75.00 - 95.00 Size choices: 8 oz. P75.00, 16 oz. P95.00 Hot Chocolate P75.00 - 95.00 Size choices: 8 oz. P75.00, 16 oz. P95.00 Steamed Milk P75.00 - 95.00 Size choices: 8 oz. P75.00, 16 oz. P95.00 Cafe Mocha Light P105.00 8 oz. Hot Chocolate Light P95.00
18. Other Cold Drinks Iced Tea P69.00 - 89.00 Size choices: 12 oz. P69.00, 16 oz. P89.00 Iced Chocolate P89.00 - 99.00 Size choices: 12 oz. P89.00, 16 oz. P99.00 Chilled Milk P75.00 - 85.00 Size choices: 12 oz. P75.00, 16 oz. P85.00 Iced Cappucino P95.00 - 109.00 Size choices: 12 oz. P95.00, 16 oz. P109.00 Iced Mocha P109.00 - 125.00 Size choices: 12 oz. P109.00, 16 oz. P125.00 Iced Latte P95.00 - 109.00 Size choices: 12 oz. P95.00, 16 oz. P109.00 Coffee Jelly Float P125.00 16 oz. Coffee Float P95.00 - 125.00 Size choices: 8 oz. P95.00, 16 oz. P125.00
19. Cold Iced Latte P90.00 Strong espresso with creamy milk and ice Iced Mocha P115.00 A cool blend of espresso with milk and chocolate Coffee Frappe Mocha P125.00 Espresso blended with ice and dark chocolate, topped with whipped cream Caramel P135.00 Espresso blended with ice and caramel, topped with whipped cream White Chocolate P135.00 Espresso blended with ice and chocolate, topped with whipped cream
20. Hot Brewed Coffee P70.00 - 80.00 Serving choices: Petit P70.00, Grand P80.00 Cafe Americano P70.00 - 80.00 Serving choices: Petit P70.00, Grand P80.00 Decaffeinated Coffee P85.00 - 95.00 Serving choices: Half P85.00, Grand P95.00 Espresso P65.00 - 75.00 A strong and flavorful shot Serving choices: Single P65.00, Double P75.00 Cappuccino P90.00 Espresso topped with carefully foamed milk Cafe Latte P90.00 Espresso and milk with a distinct coffee taste Cafe Mocha P100.00
21. Other Frappes Mango Locco P120.00 Fresh and ripe mangoes blended with ice Red Grape P120.00 Sweet red grapes blended with ice Strawberry Lush P130.00 Fresh frozen strawberries with ice Strawberry Mango Frappe P130.00 A refreshing blend of luscious strawberries and juicy mangoes with ice
22. December 31 2006 2005 ASSETS Current Assets Cash Php 1,375,809 Php 855,203 Receivables (Note 3) 4,700,639 2,372,617 Inventories at cost (Note 4) 120,901 158,270 Other current assets - 1,416 Total Current Assets 6,197,349 3,387,506 ___ Noncurrent Assets Investment in shares of stock (Note 5) 714,688 948,056 Property and equipment – net (Note 6) 12,223,043 10,327,399 Advances to related parties and stockholders (Note 9) 8,086,613 6,549687 Deferred income tax assets (Note 15) 160,774 119,965 Other noncurrent assets_______________________________646,479_____________510,685 Total Noncurrent Assets__________________________ 21,831,597__________ 18,455,792 TOTAL ASSETS____________________________Php 28, 028,946__________21,843,298 BALANCE SHEETS
23. LIABILITIES AND STOCKHOLDER’S EQUITY Current Liabilities Bank loan (Note 8) Php 5,000,000 Php 5,000,000 Accounts payable and accrued expenses (Note 7) 12,838,448 5,106,805 Current portion of loan payable (Note 8) 617,608 1,049,341 Income tax payable 310,788 167,525 Total Current Liabilities____________________________18,766,844_________ 11,323,671 Noncurrent Liabilities Advances from related parties and stockholders (Note 9) 643,576 818,278 Loan payable – net of current portion (Note 8) 6,114,420 7,439,713 Total Noncurrent Liabilities__________________________ 6,757,996___________8,257991 Total Liabilities____________________________________25,524,840__________19,581,662 Stockholder’s Equity Capital stock - Php 100 par value Authorized - 10,000 shares Subscribed - 2,500 shares 250,000 250,000 Retained earnings_______________________________ 2,254,106____________ 2,011,636 Total Stockholders’ Equity_____________________ _ 2,504,106_____________2,261,636 TOTAL LIABILITIES AND STOCKHOLDES’ EQUITY ____________________ Php 28,028,946 21,843,298
24. STATEMENTS OF INCOME Years Ended December 31 2006 2005 SALES PHp18,581,381 PhP16,746,297 COST OF SALES (Note 10) 8,896,090 8,068,535 GROSS PROFIT 9,685,291 8,677,762 OPERATING EXPENSES Selling and distribution (Note 11) 5,643,051 4,461,314 General and administrative (Note 12) 2,868,897 3,694,404 8,511,948 8,155,718 OTHER INCOME (CHARGES) Interest expense (Note 8) (647,057) (622,328) Interest income 2,526 3,505 Equity in net earnings (loss) of a subsidiary (Note 5) (233,368) 630,449 Others –net (221,485) 428,543 (656,414) 440,169
25. INCOME BEFORE INCOME TAX 516,929 962,213 PROVISION FOR INCOME TAX (Note 15) Current 315,268 186,011 Deferred (40,809) 30,468 274,459 216,479 NET INCOME Php 242,47 Php 745,734
26. STATEMENTS OF CASH FLOWS _____________________________________________________ Year Ended December 31__ _____________________________________________________________ 2006 _________2005 _ CASH FLOWS FROM OPERATING ACTIVITIES Income before income tax Php 516,92 Php 962,213 Adjustments for: Depreciation and amortization (Note 6) 841,272 1,073,272 Interest expense 647,057 622,328 Equity in net loss (earnings) of a subsidiary 233,368 (630,449) Provision for retirement benefits costs (Note 14) 116,596 116,596 Interest income (2,526) (3,505) Operating income before working capital changes 2,352,696 2,140,455 Decrease (increase) in: Receivables (2,328,022) (1,333,722) Inventories 37,369 (48,206) Other current assets 1,416 30,156 Increase in accounts payable and accrued expenses 7,615,047 1,619,739 Net cash generated from operations 7,678,506 2,408,422 Income taxes paid (172,005) (7,770) Net cash flows from operating activities 7,506,501 2,400,652
27. CASH FLOWS FROM INVESTING ACTIVITIES Increase in other noncurrent assets (135,794) (1,519) Acquisitions of property and equipment (Note 6) (2,736,916) (157,906) Dividends received - 234,250 Interest received 2,526 3,505 Acquisitions of shares of stock (Note 5) - (551,857) Net cash flows used in investing activities (2,870,184) (473,527) CASH FLOWS FROM FINANCING ACTIVITIES Net increase in advances to and from related parties and Stockholders (1,711,628) (1,322,469) Availment of loan - 5,689,107 Interest paid (647,057) (622,328) Payments of loan (1,757,026) (5,000,000) Net cash flows used in financing activities (4,115,711) (1,255,690) NET INCREASE IN CASH 520,606 671,435 CASH AT BEGINNING OF YEAR 855,203 183,768 CASH AT END OF YEAR Php 1,375,809 Php 855,203 _____________________________________________________________________________________
28. STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31,2006 ___________Capital stock____________ Subscribed Subscriptions Retained Capital Stock Receivables Net Earnings Total BALANCES AT DECEMBER 31, 2004 Php250,000 (Php187,500) Php62,500 Php1,453,402 Php515,902 Cash dividends – Php75 per share - 187,500 187,500 (187,500 - Net income for the year - - - 745,734 745,734 BALANCES AT DECEMBER 31, 2005 250,000 - 250,000 2,011,636 2 ,261,636 Net income for the year - - - 242,470 242,470 BALANCES AT DECEMBER 31, 2006 250,000 - Php250,000 Php2,254,106 Php2,504,106 _____________________________________________________________________________________________ ____________________
29. Direction: Please check the items appropriate for you. 1. Age Bracket ___ 15-20 yrs. old ___ 21-25 yrs. old ___ 26-30 yrs. Old ___ 36-40 yrs. Old ___ 41 and above 2. Gender ___ Female ___ Male 3. Do you go to cafes? ____ Yes ___ No If yes how often? ___ Weekly ___ twice a month ___ Monthly ___ Occasional 4. What time do you usually go to such establishments? ___ 6 AM-12AM ___ 12NN-6PM ___ 6PM-12NN 5. Which beverages do you prefer? ___ Coffee ___ tea ___ sodas 6. If tea why? ___ taste and flavor ___ nutritional value ___ popularity ___ price 7. What kind of tea drinks do you prefer? ___ Herbal tea ___ Ordinary tea ___ Iced tea ___ Flavored tea 8. If coffee why? ___ taste and flavor ___ popularity ___ price
30. 9. Which of the factors below do you consider in choosing a café to dine in? ___ Proximity to school/work place ___ amenities offered ___ Environment ___ price of service ___ quality of service 10. Which of the amenities below do you prefer most to have inside the establishment? ___ Pipe-in music ___ Television ___ Couches ___ Reading area ___ In-house movies 11. How much are you willing to spend for products and services offered inside the café ? ___ Less than 50 ___ 51-100 pesos ___ 101-200 pesos ___ 201-300 ___ 301-500 ___ more than 500 pesos
