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Chapter $4$ Financial Feasibility

Financial Feasibility $($such as startup capital, working capital of labour costs and premises, fixed and variable costs, and cash flow analysis$)$

Projected income statement for $2$ years Pricing Strategy$/$Estimates

Estimated break$-$even analysis

Terms and conditions

Scheduling $($Working Timetable$)-$ Optional

We get investors $($possible venture capitalists or angel investors$)$ amount of money invested will be calculated based on the monthly costs and start up costs $($equipment$,$ rent, basic bills$)$

We started a Karaoke place named $$Open Mic$$ in a rented place in Bangladesh. The flat has $6$ rooms. $1$ big room for everyone that room consists of the snack bars and beverages$\mathrm{.}1$ reception area where we take payments. And another room for Karoke thing.

Rent is $2,64,000/$per month

we charge each person $/$ an hourly rate

we buy equipment which would cost us a good amount of money $($we$$ll see prices for mics and speakers, small tvs$,$ lights$)$

utility bills we have to pay $($we check out what is the monthly bill in karaoke places in other countries and guess ours$)$

we have $6$ rooms for karaoke

every room would generate a certain amount of revenue

we don$$t hire people, we are the employees and the owner $($we don$$t get paid until we breakeven$)$

we make a financial position about all our inventory, investments, inward and outward carriage costs

we show a $2$ year plan on how this should project in terms of sales

we see that we can breakeven pretty fast

our secondary research is all karaoke places in North America $($since Bangladesh is westernized$)$

our primary will be a surveys through online forms

Investment is $25$lacs

starting the first month, our investment will be $18$lacs $($estimated$)$

we will be charging $2000$ hourly rate for $1$ hr $(6$ people per room$)$

and $3500$ for $2$hr $(6$ people per room$)$

$1$hr generates $360,000$

$2$hr generates $630,000,$ this is if we sell out every day approximately

permanent cost is mics$(24),$ tvs $(6),$ speakers $(6),$ sofas $(6/7),$ acs $(7)$

monthly cost is rent $(300,000),$ utility bill $(50000),$ miscellaneous $(50$k$)$

So monthly we need to earn $400,000$ minimum to stay in business

$400,000$ per month $=4,800,000$ a year

to break even we will need about $2$ and a half years

if we earn $5$lacs a month for a year, gives us $60,00,000,$ so thats $1,200,000$ in profit $($minus the yearly costs$)$

$1,200,000-$ year $1$

$1,200,000-$ year $2$

$1,200,000-$ year $3$

we break by year $3$ for sure if our business is booming

one time costs$-$

personal rooms:

sofas $(3,$ one for each personal room$)$

tv $(3)$

Mic $(12,$ personal rooms$)$

speaker $(3)$

table for keeping juices and snacks $(3)$

big room:

round small sofas $(4)$

tv $(1$ big$)$

mic $(6)$

one stand

speaker $($bigger sound system$)$

led lights

disco ball

long table for snack bar

$6$ tools $($for snack bar$)$

$20$ stools for sitting

$1$ wooden stage

for all rooms:

Central AC for all rooms

led lights

Please calculate taking the current market price for the furnitures and fixtures.