Consulting and Studies Profession
In the tourism and gastronomy industry, economic studies must be conducted on all projects before any practical action and investment begins, and the following questions must be clarified for the investor, owner, and operator:
- Is this project economically successful?
- Will this idea be implemented and turned into a business?
- What is the required capital (initial, working, etc.) of the project?
- What is the timeframe for designing, building, equipping, training, and launching the project?
- Where is the economic and break-even point of the project?
Therefore, the prerequisite for starting any business is conducting economic and technical studies by expert specialists with sufficient knowledge and experience.
One of the most popular businesses, especially in developing countries, is the franchise industry.
In some projects, we see that the project is very strong and good in terms of idea, but the idea does not turn into a successful business because only having a good idea in this industry does not guarantee the success of a suitable business. Therefore, if the project idea is not ideal from an economic point of view and the project owner invests, the project will fail. As a result, the Persa International Design and Construction Group conducts complete technical-economic studies, and if it is technically and economically guaranteed, it will enter the design, implementation, and construction phase.
Economic Consulting and Study Section
One of the principles that must be observed before starting and creating a business is to review the feasibility and justification of investment plans by the investment studies and consulting unit using the latest up-to-date information. In fact, the consultants and specialists of the Persa International Design and Construction Group provide the following services in the field of consulting and economic studies in the field of hotel management, restaurants, franchises, etc. to dear customers: Review the feasibility and justification of investment plans by the investment studies and consulting unit using the latest up-to-date information.
- Step 1: Specify project details and define the project
- Technical and economic studies
- Feasibility of target market and project stakeholders
- Evaluation and study of financial costs
- Identifying risks and dangers
- Market valuation in feasibility studies
- Investing the necessary amount for the approved plan
- Internal and external rate of return of the plan
- Necessary assurance of financial and predicted performance
- Cost analysis and feasibility study plan from a social perspective
- Positive effects of the feasibility study on job creation
In fact, a technical and economic study is conducted by expert experts of the Persa International Design and Construction Group, and ultimately, it will clarify this issue for the investor whether the project has the necessary return or not. Another issue that is reviewed is the production capacity (revenue capacity of the product or service of tourism or food industry projects) per unit of time, which is calculated according to a specific formula and the revenue and profit are determined.
The profitability of a project has two aspects: guaranteed profit and estimated profit, which guaranteed profit means calculating the return on initial investment over a specific period of time.
Among the services provided by the Persa Group is regional studies for new businesses, which include if this idea is different in terms of providing specialized human resources, support, logistics and providing raw materials at a reasonable price in the implementation and in the plan.
Unfortunately, some projects, although considered new and innovative ideas and have a high chance of success at the planning and paper stage, unfortunately fail at the implementation stage due to problems and discrepancies with facts or lack of expert and technical review.
For this reason, the consultants of the Persa International Group are ready to provide advice in the field of consulting and economic studies, and you can contact us for more information and contact.