A Feasibility Study on the Establishment of Ready Go Express in Commonwealth Avenue, Fairview, Quezon City

Abstract

Ready Go Express provides transportation and logistical delivery of items and goods that fills the gap between people which are separated by far places. An online service that can easily be accessed by people through the use of modern technologies nowadays. Express delivery service industry is still growing today and will, probably, keep on growing in the near future. This studycame up with the curiosity of the researchers on the prospect businessof this logistical service.The proponents prepared a survey questionnaire in order to accumulate valid data that can be used in making relevant decisions for the improvement of the plan of Ready Go Express. The qualitative survey was distributed at the Pearl Drive, Fairview, Quezon City with 100 individuals as a target for random sampling method to be utilized by the researchers. The business utilized financial statement for making assumptions, fair presentation and reliable information for the users of this feasibility study.As a result for this study, there are more female than male who are inclined in availing delivery services. Majority of (100) respondents are familiar with delivery service and 20 to 25 years old are the major respondents of the survey. In this age range, are expected worker, and majority of the respondents on the survey was in favor with the business concept of online delivery. For the result of Financial simulation of the business for, Best Case Scenario the business generate a gross income of ₱10,005,762.24 and total operating expenses amounting to ₱2,704,454.20. This would leave Ready Go Express net income of ₱5,110,915.63. There is a great possibility that the business will expand and continue its operation.After considering the aspects of this study, the researchers recommend and conclude that the business should focus on improving the promotion of the business in Social Media for customers who prefer online delivery service due to modernization and fast changing technologies. Also, form alliance with other companies that may help the business to be easily known in the market by referring them to other company’s, maintain good relationship with the customers by satisfying and giving them quality service that they need.