Business Analysis of Good Times Cafe in Review on Financial Feasibility
Keywords:
Feasibility Study, Internal Rate of Return (IRR), Net Present Value (NPV), Payback Period (PBP), Profitability Index (PI), Sensitivity AnalysisAbstract
This study aims to assess the financial feasibility of Good Times Cafe as a business venture. A business feasibility study serves as a systematic analysis to evaluate the viability of a business, minimize potential risks, and support effective planning. This research employs a descriptive qualitative method, with data collected through interviews, observations, and documentation. The financial feasibility analysis was conducted using Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Payback Period (PBP), and sensitivity analysis. The results indicate that Good Times Cafe is financially feasible. The NPV value is IDR 67,748,806, the IRR is 17.0343974%, and the PI is 1.1984, which exceeds the minimum acceptable value of 1. The payback period is estimated at 3 years, 8 months, and 3 days. Overall, all financial indicators demonstrate positive results, confirming the feasibility of the business. However, this study is limited to financial aspects. Therefore, further research is recommended to evaluate other feasibility dimensions that have not yet been examined.
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