date_range 2023-12-18 00:00:00
The aim of this project is to explore the feasibility of launching a space-themed cafe and restaurant in Addis Ababa, Ethiopia. While the city boasts a thriving cafe scene, a unique establishment combining the fascination with space exploration and Ethiopia's rich culinary culture is currently missing. This project aims to fill this gap and offer an immersive dining experience unlike any other. The lack of a space-themed cafe and restaurant in Addis Ababa represents a significant void in the city's dining and entertainment offerings. This limits residents and tourists from experiencing a captivating cosmic journey while enjoying exceptional Ethiopian cuisine. Assess the social, economic, administrative, managerial, environmental, financial, technical, and locational feasibility of launching a space-themed cafe and restaurant in Addis Ababa The project employed a descriptive research design, utilizing both quantitative and qualitative data collection methods. Primary data was gathered through questionnaires distributed to potential customers, while secondary data was obtained from academic research and industry reports. Convenience sampling was used to select a representative sample of individuals of the visitors in mount Entoto and who are interested in space-themed dining experiences. The project reveals a compelling opportunity for a space themed café and restaurant in Addis Ababa, fueled by enthusiastic interest from residents. Preliminary financial analysis indicates high potential profitability, with projected revenues exceeding costs and generating substantial return. Suitable locations with optimal accessibility and visibility have been identified. A strong potential for success is indicated by indicators such as a healthy net present value of 6,275,213.59, a 70.84% Accounting rate of return and a 1.41years of payback period. The financial picture is equally promising with its distinct idea, data driven analysis and optimistic financial forecasts, this project offers with an exciting chance to experience space.