Abstract:
The study regarding analysis on possibility of investment in Japanese restaurants in Sukhumvit 55 (Thong Lor) Alley, has the purpose to study the behavior of consumers in Japanese restaurants in Sukhumvit 55 Alley and to study the possibility of investment in Japanese restaurants in Sukhumvit 55 Alley, using the measurement of cost-effectiveness of project as measurement criteria to decide whether to invest or not, the measurement contains the payback period of time value adjustment, value of net current value, rate of return per cost and internal rate of return. The project period is specified at the duration of 10 years.
The result of study was found that possibility to invest in Japanese restaurants in Sukhumvit 55 (Thong Lor) Alley, had cost payback period of 3 years and 7.94 months. The net current value is equal to 36,287,973.24 with a return ratio of 1.23 and the project rate of return of 38%. The analysis result of project sensitivity analysis, when there is determining of expenses and return vary from estimated balance, by dividing the test into 8 situations. In the situation 1-2, the return is reduced by 10% and 15% and there is fixed expense. In the situation 3-4, the return is fixed return and costs increased by 10% and 15%. In the situation 5-6, the return decreased by 10% and expense increased by 10% and 15%. In the situation 7-8, the returns decreased by 15% and the expense increased 10% and 15%. The study result showed that it is suitable to invest in Japanese restaurant projects because there are three cases that are unlikely to be invested from all 8 situations, namely, situation 6, the return is reduced by 10% and the expense increased by 15%, the current value is equal to - 3,992,787.94. ratio of return to cost to be equal to 0.977. In the situation 7, the return decreased by 15% and the expense increased by 10%, the net current value to be equal to - 6,475,186.60. The ratio of return to the expense is 0. 962. In the situation 8, the return decreases by 15% and expenses increased 15%, it has the net current value which is equal to - 13,538,379.38. The ratio of return to cost is equal to 0. 923, so the project is still possible and interesting for investment.