Vikara: Student Academic Journal of Business and Management
Vol. 1 No. 1 (2025): Vikara: Student Academic Journal of Business and Management

Studi kelayakan strategis dan finansial SFBilliard untuk meraih keunggulan bisnis

Ferry Octaviana (Program Studi Manajemen, Fakultas Hukum dan Bisnis Digital, Universitas Kristen Maranatha)
Nur Nur (Program Studi Manajemen, Fakultas Hukum dan Bisnis Digital, Universitas Kristen Maranatha)



Article Info

Publish Date
29 Sep 2025

Abstract

This study investigates the business potential of SFBilliard in Bandung, an emerging indoor sports venture. Its primary objective is to assess financial feasibility and business strategies through SWOT and capital budgeting analyses. Employing a descriptive quantitative methodology, data was collected from 122 respondents (general public, billiard players, and athletes) via questionnaires and semi-structured interviews with owners, employees, customers, and athletes at the research site in Pasteur, Bandung, during May-June 2024. Financial analysis revealed high project feasibility, indicated by a positive net present value (NPV) of IDR5,728,333,639, a rapid payback period (PP) of 24 months and 8 days, an internal rate of return (IRR) of 128.72% (exceeding the 35% cost of capital), and a profitability index (PI) of 3.8338. The initial investment required for equipment was estimated at IDR1,283,400,000. Furthermore, the SWOT analysis identified appropriate strategies to meet consumer demands, such as providing smoke-free areas, managing executive and VIP class types, and implementing digital systems for brand building. It is concluded that SFBilliard is financially viable for implementation and has the potential to become a leading destination for billiard enthusiasts in Bandung, with the implication that the recommended strategies will significantly support the business's growth and sustainability.

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Journal Info

Abbrev

vikara

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Vikara: Student Academic Journal of Business and Management adalah media publikasi ilmiah yang diterbitkan oleh Program Studi S-1 Manajemen Fakultas Hukum dan Bisnis Digital Universitas Kristen Maranatha Bandung. Vikara terbit secara berkala, 3 (tiga) kali dalam setahun, yaitu pada bulan September, ...