A.

Name of the organization

The play park project is to be established and named as “Inside Out” to highlight the
outdoor activities that can be done and enjoyed inside a structure. This helps people
to unwind and release the pressure as well as the anxiety they’re feeling and have
some break to breathe and have new visions in life.
B. Location
Indoor playground will be located around in University Belt. The University Belt is
commonly understood as the one located in San Miguel district but technically, it also
includes nearby Sampaloc, Quiapo, and Santa Cruz. Generally, it includes the
western end of España Boulevard, Nicanor B. Reyes Street (formerly Morayta Street),
the eastern end of Recto Avenue, Legarda Avenue, Mendiola Street, and the different
side streets. It is the unofficial name of a de facto subdistrict in Manila, Philippines.
Each of the colleges and universities found here are at a short walking distance of
each other. All are found within no more than four miles (six kilometers), in an irregular
crescent string shape, across seven of the sixteen districts of Manila. The business
location is accessible by LRT 2, Jeepneys, FX, taxis, and tricycles.

C. Descriptive definition of the subject

Somewhere between childhood and adulthood, we've stopped playing. When we cut
out some leisure time, we are more likely to zone out in front of the TV or computer
than engage in fun. Just because we're adults, that doesn't mean we have to take
ourselves so seriously and work all the time. We all need to play. A play will boost
productivity and innovation. It increases energy and creativity that helps you see
problems in new ways. A fun playground will help the community to be better. And a
better community is a better environment for people.
D. Project’s Long Range Objectives
1.1 Short term Objectives

1. Research and implement sustainable methods in areas where appropriate.

2. Update Park's Name Comprehensive Plan
3. Expand Park's Name programs and events.
4. Prolong and improve facilities.
5. Review and update Park's Policy Manual.
6. Educate, learn and develop interpersonal skills and talents for all ages.
1.2 Long term Objectives
1. Continue to explore sustainability trends and the offering of the Park's amenities
based on customer's demand.
2. Continue to establish and maintain worthwhile partnership with the community
and corporate organizations.

Feasibility Criteria
The business can impact socio-economic environment by providing an employment
to individual.
Nowadays, people are suffocated in the real world, so they tend to look for non-toxic
environment that can help them to relieve their stress. Here in Metro Manila, the
number of indoor playground for adults is limited. The proposed business has
advantage because of few competitors and more accessible to target market. We
believe the proposed business will be profitable.

E. Highlights of the Project

1.1 History
Stress is a part of life, and once in a while, we need to enjoy ourselves and releases
the stress we have in our bodies. And what not better way of relieving stress than
playing? Adult Play Time is a time to forget about work, commitments, exams, etc.
Playing diverts your attention from a certain goal into the actual play experience. The
proponents thought of a way where-in people, can relieve stress and at the same time
enjoy their hearts out.
 1.2 Project Time Table and Status

7/5/18 7/12/18 7/19/18 7/26/18 8/2/18 8/9/18 8/16/18 8/23/18 8/30/18 9/6/18 9/13/18 9/20/18 9/27/18 10/4/18 10/11/18 10/18/18 10/25/18

Collection of Funds

Finding of space for Lease

Search of suppliers of equipment

Ordering and Waiting for Delivery of Equipment

Renovation of Leased Space

Set-up and Testing of Equipment

Hiring of Employees

Finalizing

Opening

1.3 Nature of the Industry

The Arts, Entertainment and Recreation sector includes a wide range of establishments
that operate facilities or provide services to meet varied cultural, entertainment, and
recreational interests of their patrons.
Product Lines: Trampoline, Wall Climbing, Slide, Obstacle Course, Ball pit, Soccer
Billiard, Air Hockey, Foosball Table, Batuhang Bola
1.4 Mode of Financing
The fund will come from each of the member, investors and venture capital. Venture
capital is a type of private equity, a form of financing that is provided by firms or funds to
small, early-stage, emerging firms that are deemed to have high growth potential, or
which have demonstrated high growth. Its benefit is that it helps high-potential business
that are unable to gather funds.
1.5 Investment Cost
The estimated budget to cover the expenses and to make the project operational is
700,000php. It will be allocated to the equipment and facilities needed.
 Trampoline (15,000php)
 Slides (100,000php)
 Wall Climbing (100,000php)
 Obstacle Course (200,000php)
 Ball pit (30,000php)
  Soccer Billiard (15,000php)
 Air Hockey (15,000php)
 Foosball (15,000php)
 Dodge Ball (1,000php)
 Lease (100,000php)
 Air Condition (59,000php)
 Locker (50,000php)
 SEC (5000)
 Brgy. Clearance (100)
 Business permit (5000)
 BIR (5000)
 Rent for 6 months
 Salary for 6 months
 Reception
 Security Guard
 Instructor


Major Assumptions and Summary of the Findings and Conclusion

1.1 Market Feasibility

There is a market opportunity in malls like SM Sta. Mesa to service young adults ages
16-26. The play park will offer them indoor exercises and a recreation facility. A survey
shows that Filipinos are most stressed-out in Asia, that is why we thought of this play
park in order to help teen to distress through playing like a kid.
There are ways to greatly reduce our cost such as buying your play equipment directly
from the manufacturer. The other major costs are rent and labor. The business will only
advertise through social media and word-of-mouth advertising.

The price of tickets for our play park is P250 for 2 hours and for students who have a
valid school ID would have a discount of P50, which means they have to pay P200 for 2
hours of stay in the play park, with the access to all amenities in the play park. If a
customer celebrates his/her birthday he/she gets a free ticket to play for 2 hours in the
play park, provided that he/she is with 2 full paying company
Competitors cannot be found around the vicinity. We can only find kids play park around
the vicinity. But our business offers play park to young adults who wants to enjoy and
play like a kid once again.
1.2 Technical Feasibility
Inside out is an arts, entertainment and recreation business which is aligned in giving
service and accommodation to its customers. The playing materials and equipment will
be arranged on their respective areas based on activities offered. The Inside Out is
located at Ubelt which is available and accessible to its target market. The establishment
will be a 100sqm rectangular room. Different facilities such as comfort room, locker room,
guest entrance and payment area will also be provided inside the premises for the guest
and staffs. The different equipment, supplies, and utilities are all presented in this
feasibility.
1.3Financial Feasibility
Financial feasibility is a study on whether a project is attainable after taking into
consideration its total costs and probable revenues. If the revenues cover the costs of the
project, then the project is visible. A business's financial statements are important tools
on this study because it provide financial informations and help the investors and creditors
in evaluating the business's financial performance.
The management can communicate with interested outside parties about its
accomplishment in running the business by publishing financial statements. Different
financial statements on different areas of financial performance were shown in the
feasibility.

1.4 Socio-Economic Feasibility

In socio-economic feasibility, the relationship between social and economic factors within
a society are discussed. The benefits received and obtained by the employees,
government, and customers are also shown. The study will also include the impacts of
the business and the contribution to the development of the Philippine economy.
1.6 Management and Organization Feasibility

The business is a partnership type of enterprise where there are 8 partners, the 8
partners will both be managing partners and capital partners. The partners will also be
employees, 3 of them will be in charge of the entrance of the customers and 5 of them
will be staffs inside the play park. The business will also employ a nurse for situations
like accidents. And will employ 4 additional people for the maintenance and cleanliness
of the play park.
Compensation and benefits that the employees will receive is according to the
standards set by the Labor Code of the Philippines. Furthermore, seminars and training
will be provided by the business to its employees prior to the business operations. The
general policies of the business are also included in this feasibility.
 Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
College of Accountancy and Finance
Sta. Mesa, Manila

INSIDE OUT PLAY PARK

 BSA 4-14

Delfin, Charlene Mae

Fernandez, Clarisse Angela
Galleta, Kathlene
Igne, Aira Mae
Pagran, Shaira Mae
Peñalosa, Peter Miguel
Pinalas, Michelle Jean
Tanilon, Ma. Erica Anne

Prof. Julieta Fonte

July 6, 2018