Feasibility Study FAQ

A feasibility study is a comprehensive analysis that evaluates the viability, market potential, and financial prospects of a proposed outdoor hospitality project. It helps developers, investors, and lenders understand whether a project is worth pursuing.

Feasibility studies are essential for securing financing, making informed decisions, mitigating risks, and optimizing your project design. Banks and lenders require them to assess project viability before approving financing.

Most feasibility studies take 4-6 weeks to complete, though timelines vary based on project complexity and data availability.

A comprehensive feasibility study typically includes market analysis, competitive analysis, financial projections, site analysis, risk assessment, and strategic recommendations. Learn more in our complete guide.

A feasibility study evaluates whether a proposed project is viable and profitable (forward-looking), while an appraisal determines the current value of an existing property (present-focused). For development projects, you typically need both.

Yes, Sage Outdoor Advisory's feasibility studies are bank-approved and trusted by financial institutions nationwide. We've helped numerous clients secure financing for their outdoor hospitality projects.

You'll need to provide site details, proposed project scope, target market information, and any existing research. Our team guides you through the entire information gathering process.

Absolutely. Feasibility studies identify opportunities to optimize project scope, design, amenities, and pricing strategies to maximize revenue and profitability.

Feasibility studies are typically used for proposed or planned projects. For existing properties, you may need an appraisal or market analysis instead. Contact us to discuss your specific needs.