This particular pre-feasibility is for setting up a medium-level event management
complex that will provide the services of planning, organizing, and executing small
and large-scale events, such as marriage ceremonies, birthday parties, and family
events for individual clients as well as various corporate events. The proposed
business is service oriented and will help to ease the event management burden
of individual and corporate business entities.
The suggested event management complex comprises two main halls, which will have
an overall capacity of serving 800 persons per function with a variety of standard
menus. However, starting capacity utilization is estimated at 60%, with a 5% growth
rate in subsequent years. For this project, it is recommended to construct or
acquire a purpose-built building in a metropolitan city, preferably in a densely
populated commercial area or a newly developed housing society. The most critical
factors for the success of the project entail the entrepreneur’s knowledge of the industry,
appropriate location, commitment to quality services, and competitive pricing.
The total project cost is estimated at Rs. 92.128 million with a capital investment of Rs.
91.324 million and working capital Rs. 0.804 million. The projected IRR, Payback, and Net Present Value of the said project are 33%, 3.67 years, and Rs. 32.805
million respectively. The legal business status of this project is proposed as ‘Sole