Feasibility of Co-working, Fitness Center & Pool at Old City Panorama
Apart Development
SavvY's team conducted a thorough analysis of the financial feasibility of arranging an outdoor swimming pool, fitness center, and co-working space within the Old City Panorama complex. The main objective of the study was to assess the project's financial feasibility, considering two scenarios: operating the facilities independently or leasing them to another company. Apart Development, a construction company renowned for its ongoing, innovative projects, prides itself on sophisticated exterior designs, efficient internal planning, and a prime location, making it a compelling choice for potential customers.
How we helped | To evaluate the project's financial feasibility, SavvY’s team conducted a comprehensive assessment. This involved analyzing essential economic indicators and examining similar spaces in Tbilisi along with their concepts, pricing, occupancy rates, and tenant preferences. |
Additionally, the team conducted interviews with industry-leading companies. Utilizing the gathered data, we created a financial model to determine the potential investment required for self-operation and leasing scenarios.
Impact and potential | SavvY’s team performed a sensitivity analysis and built a financial model comprising several components: income and expense projections, the investment needed for the project, and key financial indicators. Based on the findings, we formulated recommendations regarding the operation of each facility independently and in combination. |
