A feasibility study service examines a project’s or an idea’s viability. A feasibility study service aims to assess the steps required to realize an idea and decide whether the stages and the intended result are all possible. When everyone concerned decides whether the project should go forward or be abandoned, the study is done. You can also hire a market research analyst to do the job at a more affordable cost and with a faster turnaround time.

1. Executive summary: Your finished feasibility study services should start with an executive summary, though this should be the final section that you write. This is because your executive summary should be a few paragraphs or a page worth of content, summarizing the high-level findings of your research and your final recommendation about the Go or No-Go Decision. If you hire market research analyst to prepare the feasibility report, you can be sure that the feasibility report will be precise and spot-on.
2. Market overview and analysis: Feasibility study services suggest that you should emphasize if your suggested restaurant concept will be successful in the intended market. The success of the Los Angeles restaurant that served as the inspiration for your idea does not guarantee success on a global scale. When you hire market research analyst, it is easier to collate, compile the information, conduct analysis and extract insights from it.
3. Financial Projections: Investors will typically turn to this part first because they want to know whether or if their investments will likely be repaid, ideally several times over. You shouldn’t skimp on this portion. It should include supporting graphs and papers, such as a pro forma income statement and a sales projection, all of which should clearly explain how you arrived at the figures you did. You must also list your anticipated costs, income, break-even point, and capital needs. Financial projections are really important and if you hire market research analyst specializing in feasibility studies the projections will be more reliable.
4. Business Explanation: You should emphasize the concept, the type of cuisine, and the competitive advantages of your business here. Discuss the market you just described in the previous part and how and why it will appeal to them. You should also emphasize the unique contributions that you will provide to the project. Do you have a track record of launching profitable businesses? Do you plan to contribute decades of restaurant experience to the company? Are you collaborating with a renowned chef who can boost the restaurant’s reputation before it opens? All of them increase the viability of your restaurant concept.

If you are looking to hire market research analyst for conducting a feasibility study, Tantra Insights is the one-stop shop for you, where you can hire market research analyst on an hourly, daily, monthly or project ad-hoc basis.