To Madel
Subject : Opportunities that came today (mostly Crematorium
1. With Surigao Memorial at Butuan City
Previous conversation with Capt Jake Miranda, Pres of Surigao Memorial Park, said we could not go into a new corporation because of their By Laws. They would like to only enter into technical consultancy
I have a conversation with him at about 9:30 today and we talked about the following
1. He realized that they would be hard up on technical consultancy because they do not know how to run a crematorium
2. They are buying the property in Butuan now; He would go to Butuan
City tomorrow to talk to the Barangay chairman and the Butuan City Mayor. (
(The nearest crematorium is about 200 km away at CDO) a 4 hours drive from Butuan City
3. I will draft a MOU that spells out:
1. Crematorium, chapel services, columbarium project
2. 50 - 50% sharing of GP after expenses
3. Lease on the land: say __% P___________consultancy fee
for five years.
4. 50 - 50% sharing on cap ex
Crematorium - P4,500,000
Building 2,000,000
Future: chapel 1,000, x 25,000 = 25,000,000
ash crypts 10,000 x 6,000 60,000,000
Estimated revenues:
10,000 x 30,000 = 300,000,000
less 30% ME etc. 90,000,000
cogs 6K 60,000.000
Total 150,000,000
GP 150,000,000
Our outlay would be 50% of the 7M or 3,500,000
Yong iba iroll na lang:: 3.5/75 = 2142%
3. There was a call from 0920 974 0820 proposing a crematorium project
in Nueva Ecija
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