BP - Entrep
BP - Entrep
BP - Entrep
Tuguegarao City
Presented by:
ABLAZA, ALMIRA D.
SINGSON, MAUREECE S.
TAPIA, CINDY D.
ACKNOWLEDGEMENT
On behalf of our team, which is “Pick ‘n Grill Haws”, we blissfully give thanks and appreciation
to those who helped and support us into this endeavor making our business plan possible.
To our families who become our source of strength and inspiration, who provided all our needs
and also their words of wisdom that served as our backbone in doing our responsibilities, same is through
with improving our skills and widen our knowledge in this particular subject.
To Cagayan State University in continually promoting BS-ENTREP program that caters the best
learning experience to every student where we are put into the test to overcome trials and hardships, but at
the end of the day we will gain many fruitful learning out of it.
To our professor, Mr. Jeremiah Gonzaga, who has proven his craft in this field with a vast
horizon of knowledge and constantly shared his wisdom and motivational words for us to finish our
business plan successfully.
Above all, to our Almighty God, who made this all possible; who equipped us with the
knowledge and strength in order for us to accomplish the task needed just to finish our business plan; for
showering us with daily blessings; and for the unconditional guidance that made the business plan a
successful one.
DEDICATION
We are sincerely dedicating our fruit of our hard work and perseverance to the following people who
became part of our success;
To our family who sacrificed their time and efforts which shows how they wanted to cooperate in
this particular subject.
To our mentors who guide and monitor us in our business plan with their wits, passion,
knowledge and perseverance that we easily grasped and apply it in our daily lives.
Most of all, our Almighty God, who serves our source of strength and dedication in every step
we take as we are in the journey on how we improve ourselves through investing knowledge every step of
the way.
INTRODUCTION
Philippine culture is rich in various aspects such as food, colorful festivals, memorable traditions,
and great Filipino traits that we are proud to show the world. When it comes to food we can’t deny the
fact that we are very creative and passionate in exploring unique taste that is very remarkable and
satisfying at the same time. We tend to think that grilled and street foods are very common yet remarkable
and affordable on the go foods that will never go out of style in our culture. It becomes our out bringing
that reflects our image that Filipinos are street wise when it comes to food.
Grilled and street foods are everywhere we can easily reach out near the streets, stalls or even
near schools that we usually pass by. There are many variants of grilled foods for us to choose from such
as Barbecue, Chicken intestines, Betamax, Helmet, Walkman, Chicken feet. There are also many variants
of street foods to choose from such as Fishball, Kikiam, Tokneneng & Chicken balls. It’s portable,
convenient, budget-friendly and tasty at the same time. This food is perfect for students, employees and
other people passing by.
Students who studied in Delfin Albano High School – Cabagan, Isabela and St. Ferdinand
College are our primary target market. We are aware that they are fund of eating grilled and street foods
according to our study so we come up with a plan to put up a grill house in that respective area. They also
want a place for them to stay during break time for them to study or hangout due to busy schedules that
they can no longer go to their respective homes. Our team will offer them a place for them to stay so they
can enjoy while eating grilled and street foods at the same time. However, there are many existing
business in the market that is usually found in nearby streets but they lack knowledge. So our competitive
advantage is we invest knowledge on how to put up a business, we are organized when it comes to
manage man power and we are well equipped when it comes to sanitation.
BUSINESS PROFILE
Name & Position of the Contact Person: Joanna Marie B. Tañega, Manager
Name of Proponent/s:
Ablaza, Almira
Singson, Maureece
Tapia, Cindy D.
EXECUTIVE SUMMARY
“Pick ‘n Grill Haws” is a service and food retailing business that caters grilled and street foods
that are affordable and delicious at the same time. It is located at Centro, Cabagan, Isabela near schools
such as Delfin Albano High School (DAHS) and Saint Ferdinand College (SFC) where most of our target
market resides. We come up with a cool place that is youthful and relaxing for them to stay. However,
just like any other business we will encounter many competitors that are already playing in the market.
They are usually located in nearby schools. But we come up with a promotional strategy such as
tarpaulins, flyer, and social media to capture the attention of our customers
We serve many variants of grilled and street foods that we want to serve in the market. Our goal
is to serve great and delicious products that our customers will love. We assure that our products are clean
and affordable. The prices of the products would be based on the cost-plus method. BBQ: ₱8.00; ISAW;
₱5.00; DUGO: ₱5.00; HOTDOG: ₱3.00 etc.
“Pick ‘n Grill Haws” is a grill house having a systematic operation on how we manage our
business through giving each one of us tasks. The following roles will be assigned to the following:
Joanna Marie Tanega as Manager; Cindy Tapia as Cashier; Almira Ablaza as Marketing Staff; Maureece
Singson as Service Crew and Jude Angelo Cammayo as Cook. We make sure that we fulfill our
responsibilities in our roles same is through with the cleanliness of our products and the place as well. We
come up with a “freedom wall” to express their thoughts about our business.
Our store opens at 1:00 pm to 8:00 pm.The type of the business is General Partnership which is
composed of 5 members and the profit/losses shall be equally divided.
Each member contributes eight thousand pesos (₱8,000) with a total of forty thousand pesos
(₱40,000) which will be used as a start-up capital for the business.
DESCRIPTION OF THE BUSINESS
“Pick and Grill Haws” is a service and food retailing business offering variety of grilled and
street foods. We offer grilled and street foods that are affordable, delicious and portable at the same time.
Our target markets are the students of Delfin Albano High School (DAHS) and Saint Ferdinand College
(SFC). We are much aware that students are price sensitive, on the go and time conscious so we decided
to put up our business near these two (2) schools.
“Pick ‘n Grill Haws” comes with the word “pick” which means there are many variety of
products to choose from and “grill” wherein we offer them grilled foods which is our main course such as
Barbeque, Chicken Intestines, Betamax, Adidas, Walkman and Hotdog.
As we start putting up our business we make sure that our products and place is clean, well-
sanitized and presentable. However, there are many players in the market offering the same products but
we believe that we are able to compete with them because we have the knowledge to put up a business.
Our business starts at 1:00 pm and our closing will be 8:00 pm.
MISSION STATEMENT
• Is to establish a great grilled food that will delight our dearest customers packed with
cleanliness and to promote our unique flavors that will make their taste buds tickle.
OBJECTIVES
• After gaining our investment, earn at least 10% as a starting goal in our business
LOGO
PRODUCT
PICK ‘N GRILL HAWS caters to a variety of products that will satisfy the needs of the
consumers at Cabagan Isabela. PICK ‘N GRILL will ensure the buyers that proper food handling and
food safety will be exercised during food preparation since cleanliness is their number one priority in
considering foods to purchase. Our products will be safe from contamination and well sanitized. Since
cleanliness is the most prioritized according to the study, we make sure that we choose our location
wisely that is not polluted so we can maintain the cleanliness of our products at the same time our
customers are very comfortable in staying in our grill house. Affordability of our products is also one of
the factors that need to be considered for we are much aware that students are price sensitive. And lastly,
we considered the taste of our product that is delicious, juicy and mouthwatering that customers will love.
BINIBINI QUE (PORK BBQ)
Binibini Que is a type of barbeque that can be easily eaten; it is boiled until soft and tender,
marinated with our special ingredient that makes it juicy and mouth-watering in every bite.
ISAW-LICIOUS (CHICKEN INTESTINES)
Isaw-licious is chewy and soft; it is packed with flavor especially if dipped with our special sauce.
MARKETING ASPECT
MARKET RESEARCH
Our team has conducted a research and study about our target market in “Pick and grill haws”. And it is
found at Delfin Albano High School (DAHS) having a population of 2049. Our tool used in conducting
this research is a questionnaire to gather information about our target market. It is reviewed, tabulated and
analyzed using formula stated below.
N
n= __________
1+N
Where N = 2049; e = 5%
n= 2049
______________
1+ (2049) (.05)2
N = 335
MARKET ANALYSIS
With respet to the economy of Cabagan, Isabela, Ybanag people are very productive when it
comes to generating corn, rice, fish and so much more. They are much well known when it comes to
agricultural aspect. So our study was based on how we would deal our products to the market by knowing
their background through their traditions and culture. They also have colorful and festive celebrations in
their respective place to represent the jolly image of the Ybanag people.
As we study the demand and supply analysis, we are capable in venturing the market and
compete in the existing players because we can cater what they want. Our demand is approximately
measured 416 based in our comptation which is considered to be good in the initial stage of the business.
So we decided that our primary target market will be Delfin Albano High School and Saint
Ferdinand College because they are fund of eating grilled and street foods. “Pick and Grill Haws” would
like to cater good quality products with many variants to choose from. It is affordable, delicious and
portable that is good for students.
INDUSTRY ANALYSIS
Grilled and street foods are well known in the industry that becomes a huge wide spread
nowadays. However, we would like to consider the following platform that will serve as a guide and help
us in venturing the market which is PEST. It stands for political, economic, social, and technological
factors that we need to study.
PEST is a framework that serves as a platform to determine the macro- environmental factors that
will serve as basis on how we perform in “Pick and Grill Haws”. It is very helpful for those who want to
start a business. In political aspect, it helps us determine how government or government policies affect
our business such as being aware on what rules and regulations that needs to be followed such as tax
policies, labor policies and environmental policies. This also includes what papers that need to be
registered to legalize the bsiness such as business permit, mayor's permit, barangay’s permit and DTI. In
the economical aspect, it is concerned on how does the business’s performance affects the economy.
Since we are starting in a micro business we include inflation rates and current economic climate. It also
affects the purchasing power that can change the demand and supply that our business needs to know just
like the rising prices of necessities in our business. In the social aspect, it is concerned on how we study
the demographics, age distribution, and cultural attitudes. Our team has conducted survey questionnaires
to know the target markets standing to see through it if we have a chance in venturing to this kind of
business. In technological aspect, its concern is on how we innovate technology that will help us in
improving our operation and products. So far, our team will use the usual tools during the operations but
if we expand we will find ways to improve our tools.
“Pick and Grill Haws” will soon to open ready to venture into the market. Since we are in the
initial stage in the business we are now aware on what needs to be considered.
= (68/335) * 100
= 20.30 %
= 2049 * 20.30%
= 416
DEMAND SUPPLY
= 3.99
= (40/335) * 100
= 11.94%
= 2049 *11.94%
= 245
DEMAND SUPPLY
COMPETITOR ANALYSIS
As “Pick and Grill Haws” will soon to start we would like to study our competitor which is usually
located in nearby schools or stalls. Our competitive advantage is that we are offering them a nice place to
stay and they can hang out with one another. Here are the following competitors that we are going to
compete with:
Strength Weaknesses
• Gained customers trust • Cleanliness
• Awareness in the market • Lack of employee management
• Consistent in terms of taste • There is no place to stay
Strength Weaknesses
• Well trained employees • No place to stay
• Maintains cleanliness • Limited variety analysis
• Awareness in the market
• Impressive promotional skills
Competitor C (Stalls)
Strength Weaknesses
• Long running in the business • Lack of training
• Easy to reach • Lack of promotional skills
• Convenient • There are rental fees
• Already gained royal customers
SWOT Analysis
Strength Weaknesses
• Great quality service • Offering common products in the market
• Convenient • Lack of training
• Easy to reach • New in the market
• Affordable
• Easy to maintain
Opportunity Threat
• Target market is fond of eating grilled and • Weather
street foods • Time management
• We are located near our target market • Many existing players in the market
• Offering them a nice place to stay • Worrying about how to make our products
unique
MARKETING STRATEGIES
• PRODUCT
Pick ‘n Grill Haws will offer quality and mouth-watering grilled and street foods. A
variety of delicious products and sauce will be offered so the customers can choose according to
their preferences. We will assure them that proper food handling and proper hygiene would be
exercise in preparing our products.
Isaw-licious Tokneneng
Walkman (Tenga)
• PRICING
Since our target market would be the students of Delfin Albano High School (DAHS) and
St. Ferdinand College (SFC) who are known to be price sensitive, we will be using cost-plus method
to identify our prices because it is more practical and realistic. The price of each product depends on a
wide-ranged factors including production cost and operating cost.
PRICING TABLE
PRODUCTS PRICES
Barbeque ₱8.00/pc.
Isaw ₱5.00
Shanghai ₱5.00
Tokneneng ₱10.00
Pick ‘n Grill Haws will operate from 1 pm – 8 pm. We accepts dine- in or take-out
orders.
• PROMOTION
The following promotional strategies that we will be using to convey our message to the
public are as follows:
Our promotional activity will start 1 week before the actual opening and launching of our
business.
PRODUCTION/OPERATIONAL ASPECT
ALLOCATION of BUDGETS
Make a deal with the supplier and ask for a discount if necessary
Inspect if the materials purchased and given was complete and no defects.
SELLING PROCESS
STORAGE FLOW CHART
FOOD PREPARATION
GRILLED FOOD
• BARBEQUE
INGREDIENTS:
• 1 teaspoon salt
PROCEDURE:
• Combine all the ingredients in a bowl except the pork. Stir until there are no longer lumps in the
salt.
• Transfer it to an air-tight container and let it sit in the fridge to marinate for 6-8 hours or
overnight for better taste.
• Soak the wooden skewers in water, 2 inches deep, for 30 minutes to prevent the skewers from
catching fire during cooking.
• Skewer 4 pieces of pork on each stick.
• Use oil before grilling for easy release and clean up. Cook over live charcoal.
• Let it cook until the juice runs clear and looks reddish brown.
• When almost done, brush it with dipping sauce and cook until fully cooked.
STREET FOOD
• SHANGHAI
INGREDIENTS:
• 1 medium onion, finely chopped - 1 (16 ounce) package spring roll wrappers
PROCEDURE:
• In a large bowl, combine ground pork, onion and carrot. Make sure to completely mix
everything. Knead the meat in the bowl if you must. Gradually blend in the soy sauce black
pepper, garlic powder, and salt until all ingredients are evenly distributed.
• Lay out a few wrappers at a time on a flat surface, and place about 2 tablespoons of the filling
in a line down the center of the wrapper. Make sure the filling is no thicker than your thumb.
Or the wrapper will cook faster than the meat. Take the bottom and top edges of the wrappers
and fold them towards the center. Take left and right sides, and fold them towards the center
moisten the last edge of the wrapper to seal. Now repeat using the rest of the wrappers.
• Heat the oil in a deep-fryer or heavy skillet to 375 degrees F (190 degrees C). Fry 3 or 4
Lumpia at a time. Fry for about 3 or 4 minutes, turning once. Lumpia are cooked through
when they float, and the wrapper is golden brown. Cut in half, or serve as is with dipping
sauce.
DIPPING SAUCE
• SUKA
INGREDIENTS:
PROCEDURE:
• Combine the white vinegar, salt, black pepper and sugar into a container.
• SWEET SAUCE
INGREDIENTS:
• Ketchup
• Soy sauce
• Black pepper
• Flour
• Oil
PROCEDURE:
• In a heavy saucepan, and heat oil/ and sauté minced garlic and onion until translucent.
• Add the flour. Stir until there is no raw flour visible. Add the sprite to deglaze the pan, stir well.
• Add the black pepper, soy sauce and ketchup and stir until well combined.
• Let it simmer for 20 minutes or until it reached desired consistency. Stir it occasionally.
WASTE MANAGEMENT
In our society, we are very particular when it comes to cleanliness in our environment due to
health awareness nowadays. Risk of health is very alarming especially that everything is contaminated
with pollution and dirt so we deliberately think of a way to maintain the cleanliness in our grill house.
As “Pick and Grill Haws” is soon to open and ready to play in the market, we are aware that
cleanliness is one of the main factors that affect our sales, customers trust, and our image that will reflect
our out bringing in our business.
So we come up with a plan in how we manage our waste properly. In our grilled foods we make
sure to use gloves in marinating and if it is on the stick ready to cook we place it in a container so the
smoke coming from vehicles will not contaminate our grilled foods. While in disposing, we would like to
set separated trash bins for biodegradable and non-biodegradable waste.
QUALITY CONTROL
“Pick and Grill Haws” will ensure the following on how we operate the business to promote quality
services:
• Be friendly and approachable towards your customers with a smile and greet them. Learn to
answer their queries and take notes of their opinion. Greeting them with a smile is also a way on
how we entertain them
• Always maintain the cleanliness and tidiness of the grill house by simply we keep our products
in a glass showcase to avoid contamination at the same time clean the place by sweeping the
floors like always and segregate the waste as much as possible.
• Always manage your workforce and take things under control by giving them specific task.
There should be division of labor that we need to be responsible enough to manage. Since we are
5 in the group here are the following positions that is assigned to us:
ORGANIZATIONAL ASPECT
The business was owned by five (5) partners namely: MS. JOANNA TANEGA, MS. CINDY TAPIA,
MS. ALMIRA ABLAZA, MR. MAUREECE SINGSON, and MR. JUDE CAMMAYO.
Identification of partners
Name
Ablaza, Almira PARTNERS
Tañega, Joanna Marie B. PARTNERS
Singson, Maureece S. PARTNERS
Cammayo, Jude Angelo PARTNERS
Tapia, Cindy D. PARTNERS
ORGANIZATIONAL CHART
JOB DESCRIPTION
In this section, it depicts the position of “pick and grill haws” personnel. It explains the responsibilities,
scope, and working conditions of jobs. We are designated in specific tasks so here are the following:
MANAGER
• Provides leadership
CASHIER
COOK
• Monitor sanitation
MARKETING STAFF
SERVICE CREW
JOB SPECIFICATION
• MANAGER
• COOK
• Ability to multi-task
• Meticulous in sanitation
• SERVICE CREW
STORE POLICY
• PROPER GROOMING
• All employees must follow the required attire in that certain workplace
• PUNCTIALITY
• SANITATION
Delfin Albano HS
To Cabagan
STORE LAYOUT
REST AREA
CR
Dishwashing Area
MINIMUM
(5 months)
NOTE 2.
DIRECT MATERIALS
ANNUAL DPRECIATION
Cos Quanti Tot Usef Date of Monthly 201 202 202 202 202
t ty al ul Purcha Depreciat 9 0 1 2 3
Cos Life se ion
t
Refrigera 5,50 1 5,50 5 10-08- 91.67 458 1,10 1,10 1,10 1,10
tor 0 0 19 0 0 0 0
Electric 700 3 2,10 2 10-08- 29.17 146 350 204
Fan 0 19
800 2 1,60 2 10-08- 33.33 167 400 233
0 21
Gasulette 1,50 1 1,50 5 10-08- 25 125 300 300 300 300
0 0 19
Grill 500 1 500 2 10-08- 20.83 104 250 146
stand 19
500 1 500 2 10-08- 20.83 104 250 146
21
TOTAL 8,20 9,60 833 2,00 2,12 2,05 1,77
0 0 0 1 0 9
NOTE 3.
(5 months)
PARTICULARS COST
Notarial & Securing Business Permits 2,000
Allowances
Transportation for Purchase of Equipment & 500
Materials Allowances
Survey Materials & Preparation of Business Plan 300
Stall Renovation 3,000
TOTAL PRE-OPERATING EXPENSE ₱5,800
NOTE 6.
UTILITIES REQUIREMENTS
(5 months)
NOTE 8.
SELLING EXPENSE
2019 2020 2021 2022 2023
(5 months)
Tarpaulins 400 - - - -
Flyers 200 - - - -
Transportation 1,600 3,200 3,200 3,200 3,200
TOTAL 2,200 3,200 3,200 3,200 3,200
NOTE 9.
Name: ___________________________________
Age: _________ School: _________________________________
Gender: ( ) Female ( ) Male
Direction: Put a check (/) on the boxes provided before each choices.
( ) Yes ( ) No
If NO, why?
( ) Unhealthy ( ) Unsavory
• What factors do you consider in buying grilled and finger foods? Rank the following by its
importance with (1) being the most significant.
( ) Price
( ) Cleanliness
( ) Taste
( ) Location
• What qualities do you consider in a place when you buy and eat grilled and finger foods?
( ) Yes ( ) No
If YES, why?
If NO, why?
• If our new product is available today, are you willing to patronize it?
Table 1.
According to Age
The table shows the different ages of the respondents, the most number of respondents is 18 years
old with a percentage of 20.90% next is 19 years old which has a percentage of 20.59%, next to it is 20
years old having 16.42%, then 17 years old having 11.94%,16 years old having 7.16%, 21 and22 years
old having 6.57%, 14 years old having 5.37% and 15 years old having 4.48%.
Table 2.
According to Gender
The table shows that the most respondents are female with a percentage of 52.84% while the
percentage of male is 47.16%.
Table 3.
Frequency Percentage
YES 327 97.61%
NO 8 2.39%
Total 335 100%
The table shows the number of respondents who eat and do not eat grilled foods. Total number of
respondents who eats grilled and street foods is 327 with a percentage of 97.61% while the number of
respondents who do eat grilled and street foods is 2.39%.
Table 3.1
Frequency Percentage
Barbeque 288 88.07%
Isaw 19 5.81%
Adidas 5 1.53%
Walkman 10 3.06%
Hotdog 5 1.53%
Total 327 100%
The table shows most buy grilled foods which are Barbeque with a percentage of 88.07%, next is
Isaw having a percentage of 5.81%, Walkman 3.06% then Adidas and Hotdog having a percentage of
1.53%
Table 3.2
Frequency Percentage
Shanghai 169 51.68%
Fishball 103 31.50%
Kikiam 55 16.82%
Total 327 100%
The table shows the most buy finger food with shanghai garnering the highest percentage of
51.68%, next is Fishball with a percentage of 31.50%, lastly Kikiam having a percentage of 16.82%.
Table 4.
Frequency Percentage
Near the School 196 59.94%
Near the Gymnasium 28 8.56%
Stalls 103 31.50%
Total 327 100%
The table shows that the respondents usually buy near the school with a percentage of 59.94%,
next is at stalls having 31.50% and near the gymnasium having a percentage of 8.56%.
Table 5.
Table 6.
Frequency and Percentage Distribution Table Showing How Often the Respondents
Frequency Percentage
Daily 104 31.80%
Twice a week 194 59.33%
Once a week 29 8.87%
Total 327 100%
The table shows how often they eat grilled and street foods. Majority of the respondents who eats
grilled and finger foods answered 2x a week with a percentage of 59.33%, 31% of the respondents eats
daily and 9.67% of the respondents eats once a week only.
Table 7.
Frequency Percentage
Snack Time 176 53.82%
Afternoon 128 39.14%
Dinner 23 7.04%
Total 327 100%
The table shows what time in a day the respondents usually buy. 53.82% of the respondents buy
during snack time, 39.14% buys every afternoon and 7.04% of the respondents buy during dinner.
Table 8.
The table shows the things that the respondents consider in a place when they buy grilled and
finger food. Cleanliness is what they consider the most with a percentage of 79.51%, next is ambiance
with 9.17%, comfort of 7.34% and lastly spacious having a percentage of 3.98%
Table 9.
Frequency Percentage
Taste Good 155 47.40%
Good Service 72 22.02%
Affordable 100 30.58%
Total 327 100%
The table shows the reasons of the respondents why they are satisfied with the existing products.
49.33% is because it taste good, next is affordable having 30% and good service having 20.67%.
Table 10.
Frequency and Distribution Table Showing the Rate in which what Factors
The table shows that the most considered factor is Cleanliness with a weighted mean of 1.71, second is
Price having 2.78, third is Location having 2.61 and lastly is Taste having 3.85.
Curriculum Vitae
• Personal Data
Gender: Female
Contact #: 09657002600
• Educational Attainment
• Personal Data
Gender: Female
Contact #: 09067526444
Email Address:
• Educational Attainment
• Personal Data
Gender: Male
Contact #: 09169105636
Email Address:
• Educational Attainment
• Personal Data
Gender: Male
Contact #:
• Educational Attainment
• Personal Data
Gender: Female
Contact #:
Email Address:
• Educational Attainment
This partnership agreement is made this 2nd day of September by and between the following individuals.
• That the partners listed above are hereby agree that they shall be considered partners in business
to acquire profit;
• That the partnership shall be conducted under the name of PICK ‘N GRILL HAWS and shall be
located at Centro, Cabagan, Isabela.
• That the partners shall provide their full time services and best efforts on behalf of the
partnership. Each partner shall have equal rights to manage and control the partnership and its
business. Should there be differences between the partners concerning ordinary business matters,
a decision shall be made by unanimous vote. It is understood that partners have rotation schedule
to conduct day to day business partnership;
• That the capital contribution of each partner to the partnership shall consist of cash which is
partners agrees to contribute.
NAME OF PARTNER CAPITAL CONTRIBUTION
Ablaza, Almira D. PHP 8,000
Cammayo, Jude Angelo PHP 8,000
Singson, Maureece PHP 8,000
Tanega, Joanna Marie B. PHP 8,000
Tapia, Cindy D. PHP 8,000
• That no partner shall withdraw any portion of the capital of the partnership without the express
written consent of the other partners;
• That the profit and losses of the partnership shall be divided by the partners according to the
mutually agreeable schedule and at the end of each calendar year according to the proportion
listed above;
• That the term of this agreement shall be for the period of three (3) years. Should the partnership
be terminated by unanimous vote, the assets and cash of the partnership shall be used to pay all
creditors, with the remaining amounts to be distributed to the partners according to their
proportionate share;
• That in the event a partner withdraws or retires from the partnership for any reason, including
death, the remaining partners may continue to operate the partnership using the same name. a
withdrawing partner shall be obliged to give sixty (60) days prior written.
• Notice of his/her intention to withdraw or retire, shall be obligated to sell his/her interest in the
partnership. No partner shall transfer interest in the partnership to any other party without written
consent of the remaining partners. The withdrawing or retiring partner shall pay the remaining
partners.
IN WITNESS THEREOF, the partners have duly executed this agreement on the day and year set forth
here in above.