asupersquirrel
New member
Using a throwaway account because friends.
This is lengthy but head straight down for my question.
Hi I am a 16 year old that has saved 200k (might increase, all invested on family business) with a separate 100k EF. I can also ask fiancial help from parents but I saved enough for me.
By 18 I plan to open a water refilling station under the franchise of AlkaViva on my father's hometown in Negros Occidental. Two years ahead because parents are paying for a van and to officialy name it to me.
I did a breakdown of initial costs:
(Prices may increase overtime around 4-8% after my planning)
a. Water Source/Licenses: No water cooperative, will install electric water pump. 4k including plumbing
b. Location: Abandoned Sari-sari store in front of house. Fixing may cost around 50k
c. Franchise and Initial Equipment: AlkaViva mineral 24 stages. Initial 30k (3,300 every month after for 36 months)
d. Motorycles: Two second hand motors with no sidecar. 20k each ×2 =40k
e. Misc: 10k
Total of: 134k
After that I did a monthly cost breakdown:
a. Franchise/Equipment: 3,300 for 36 months
b. Electricty: 2,000
c. Water: Negligible
d. Wages: 10,000 (minnimum Reg. 7) × 2 = 20,000
e. Motor Maintenance: 5,000 ×2 =10k
f. Supplies: 5,000
g. Misc: 5,000
Total of: 45,300
Estimated earnings:
(Thanks GoNegosyo)
Population of said Town: 50k
Current competitors: None (Several retailers of already filled gallons, they sell 30 per gallon.)
Price: 25 per gallon (compared to 30 per gallon of retailers)
Customers: Around 250
Frequency: once per three days. 10 gallons per month.
Estimated Revenue: 60k
Net Earnings: 15k a month
Months before returning initial investment: 12
My mom showed interest to manage my business. I am willing to be hands-on after college hours. I plan to get a engineering course related to my business to ensure that I can better manage it.
I got this idea because I contracted amoebiasis when I last went there.
Question: Is it too early? I want to grasp the opportunity since there is literally no competitors?
Edit: About AlkaViva franchise. They offer mostly just equipments with no royalty fees and be able to open under own name. They have succesful clients and featured too in MyPuhunan which my mother saw.
Edit2: I will promise to update all of you after two years!
This is lengthy but head straight down for my question.
Hi I am a 16 year old that has saved 200k (might increase, all invested on family business) with a separate 100k EF. I can also ask fiancial help from parents but I saved enough for me.
By 18 I plan to open a water refilling station under the franchise of AlkaViva on my father's hometown in Negros Occidental. Two years ahead because parents are paying for a van and to officialy name it to me.
I did a breakdown of initial costs:
(Prices may increase overtime around 4-8% after my planning)
a. Water Source/Licenses: No water cooperative, will install electric water pump. 4k including plumbing
b. Location: Abandoned Sari-sari store in front of house. Fixing may cost around 50k
c. Franchise and Initial Equipment: AlkaViva mineral 24 stages. Initial 30k (3,300 every month after for 36 months)
d. Motorycles: Two second hand motors with no sidecar. 20k each ×2 =40k
e. Misc: 10k
Total of: 134k
After that I did a monthly cost breakdown:
a. Franchise/Equipment: 3,300 for 36 months
b. Electricty: 2,000
c. Water: Negligible
d. Wages: 10,000 (minnimum Reg. 7) × 2 = 20,000
e. Motor Maintenance: 5,000 ×2 =10k
f. Supplies: 5,000
g. Misc: 5,000
Total of: 45,300
Estimated earnings:
(Thanks GoNegosyo)
Population of said Town: 50k
Current competitors: None (Several retailers of already filled gallons, they sell 30 per gallon.)
Price: 25 per gallon (compared to 30 per gallon of retailers)
Customers: Around 250
Frequency: once per three days. 10 gallons per month.
Estimated Revenue: 60k
Net Earnings: 15k a month
Months before returning initial investment: 12
My mom showed interest to manage my business. I am willing to be hands-on after college hours. I plan to get a engineering course related to my business to ensure that I can better manage it.
I got this idea because I contracted amoebiasis when I last went there.
Question: Is it too early? I want to grasp the opportunity since there is literally no competitors?
Edit: About AlkaViva franchise. They offer mostly just equipments with no royalty fees and be able to open under own name. They have succesful clients and featured too in MyPuhunan which my mother saw.
Edit2: I will promise to update all of you after two years!