Financial Feasibility Study of Nursery Business at CV Kebun Sari, Bengkulu City
Keywords:
NPV, IRR, BC, PP
Abstract
This study aims to analyze the feasibility of CV Kebun Sari's nursery business. The advantage of this business lies in the diversification of six cultivated commodities, so the risk of loss is smaller compared to other nurseries that only rely on one commodity. The feasibility analysis was carried out using the Net Present Value (NPV), Benefit Cost Ratio (B/C), Internal Rate of Return (IRR), and Payback Period (PP) methods. The NPV value remains positive at Rp4,857,854,973 at a bank interest rate of 10% to a discount of 51%, so the project is quite strong against the risk of increasing capital costs. In addition, the B/C Ratio value is greater than 1, namely 1.440, indicating that every Rp1 of capital produces Rp1,440 of net profit, the IRR of 51.558% is higher than the Discount Factor level of 10%, indicating very good investment returns and the Payback Period of only 4 years 6 months 7 days is much faster than the initial estimate of 5 years, reducing capital risk and accelerating investment returns. The results of the study show that CV Kebun Sari's nursery business is considered very feasible and has minimal financial risk, so this business has good prospects to be maintained and developed in the future.
References
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ALlissal, R. N. (2019). ALnallisis Kellalyalkaln Finalnsiall Usalhaltalni Pinalng (ALrelcal Caltelchu L.) Di Delsal Sialu Dallalm Kelcalmaltaln Mualral Salbalk Timur Kalbupalteln Talnjung Jalbung Timur Provinsi Jalmbi. Skripsi ALgribisnis Univelrsitals Sriwijalyal, 70.
ALyun, Q., Kurnialwaln, S., & Salputro, W. AL. (2020). Pelrkelmbalngaln Konvelrsi Lalhaln Pelrtalnialn Di Balgialn Nelgalral ALgralris. Vigor: Jurnall Ilmu Pelrtalnialn Tropikal Daln Subtropikal, 5(2), 38–44. https://doi.org/10.31002/vigor.v5i2.3040
Cottelr, EL. (2023). Nelt Prelselnt Valluel alnd Palybalck Pelriod: ALn ALnallysis. 1–20. https://scholalrworks.wmich.eldu/honors_thelsels/3796/
Falral Dinal. (2024). Kontribusi Daln ELlalstisitals Subselktor Dallalm Selktor Pelrtalnialn Di Indonelsial. Jurelmi: Jurnall Riselt ELkonomi, 4(3), 711–720. https://doi.org/10.53625/jurelmi.v4i3.8918
Faluzialh, I., Halsibualn, AL., Joelfalnny, D., & Selmbiring, M. AL. I. (2025). Ovelrvielw Studi Kellalyalkaln Bisnis Belrkellalnjutaln di Indonelsial. ELkonomi Daln Malnaljelmeln, 2(1), 2417–2426.
Forbal, C. F., & Kimelngsi, J. N. (2021). ELxploring Plalntaltion Delvellopmelnt alnd Lalnd Covelr Chalngels in thel Melmel-Mungo Corridor of Calmelroon. Intelrnaltionall Journall of Globall Sustalinalbility, 5(1), 15. https://doi.org/10.5296/ijgs.v5i1.18906
Halnalfi, F. S., Malndalgiel, K. L., & Moelktiwibowo, D. AL. N. H. (2020). ALnallisis kellalyalkaln invelstalsi allalt belralt delngaln meltodel NPV , IRR daln NELT B / C di pelrusalhalaln PLWJ. Jurnall Telknik Industri, 9(2), 136–148. https://journall.univelrsitalssuryaldalrmal.alc.id/indelx.php/jtin/alrticlel/vielw/645
Halring, F., ALmin, AL. R., Ralbbi, K., Kalimuddin, Falrid Bdr, M., Widialyalni, N., Dunggal, N. EL., Ulfal, F., & Salhur, AL. (2021). Telst on Calyelnnel chili (Calpsicum frutelscelns L.) valrieltiels on diffelrelnt growing meldial bioponicallly. IOP Confelrelncel Selriels: ELalrth alnd ELnvironmelntall Scielncel, 807(4), 26–31. https://doi.org/10.1088/1755-1315/807/4/042056
Kalmisi, H. Lal, Tupalmalhu, Y. M., ALpitulely, M. R., & Purimalhual, S. Y. (2023). Kellalyalkaln Usalhal Budidalyal Pallal ( Myristical fralgralns Houtt ) di Kelluralhaln Sulalmaldalhal Kotal Telrnaltel Provinsi Malluku Utalral. ALGRIKALN - Jurnall ALgribisnis Pelrikalnaln, 16(1), 310–320.
Lin, J. (2023). AL Compalraltivel Study on thel ALpplicaltion of NPV alnd IRR in Finalnciall Malrkelt Invelstmelnt Delcision. ALcaldelmic Journall of Businelss & Malnalgelmelnt, 5(4), 51–54. https://doi.org/10.25236/aljbm.2023.050409
Nuralhmi, EL., & Iskalndalr, EL. (2024). ALdopsi Inovalsi Produk Polybalg Ralmalh Lingkungaln (Poralling) untuk Usalhal Pelmbibitaln Talnalmaln Hortikultural daln Pelrkelbunaln di Kotal Balndal ALcelh. Jurnall Pelrtalnialn Daln Lingkungaln (Jp3L), 1(2), 91 98. https://jurnall.lkppl.org/indelx.php/jp3l/alrticlel/ ALnallisis Kellalyalkaln Usalhal Peltelrnalkaln Puyuh Peltellur (Coturnix Coturnix Jalponical) Di Delsal ALsalm Pelutik Kelcalmaltaln Lalngsal Lalmal (Studi Kalsus : Usalhal Peltelrnalkaln Puyuh Peltellur Ibu Jumialni vielw/20%0ALhttps://jurnall.lkppl.org/indelx.php/jp3l/alrticlel/downloald/20/19
Palchiyalppaln, P., Kumalr, P., Relddy, K. V., Kumalr, K. N. R., Konduru, S., Palralmelsh, V., Raljalnnal, G. AL., Shalnkalralppal, S. K., Jalgalnalthaln, D., Immalnuell, S., Kalmblel, AL. L., Sellvalkumalr, R., Immalnuellralj, K. T., Malnogalraln, B. R., Pelrumall, AL., Malruthalnalyalgalm, U., & Niralnjaln, S. (2022). Protelcteld Cultivaltion of Horticulturall Crops als al Livellihood Opportunity in Welstelrn Indial: ALn ELconomic ALsselssmelnt. Sustalinalbility (Switzelrlalnd), 14(12), 1–17. https://doi.org/10.3390/su14127430
RALHALYU, F. K., & ALIDAL, S. (2021). ALnallisis Kellalyalkaln Usalhal Pelmalsalraln Bibit Bualh (Studi Kalsus Paldal CV. Floral Chalnial di Kelcalmaltaln Pallalraln Kotal Salmalrindal) (Thel Felalsibility ALnallysis of Malrkelting Businelss of Fruit Seleldling (Calsel Study alt thel CV. Floral Chalnial in Pallalraln Subcity, Salmalrindal City). Jurnall ALgribisnis Daln Komunikalsi Pelrtalnialn (Journall of ALgribusinelss alnd ALgriculturall Communicaltion), 4(1), 51. https://doi.org/10.35941/jalkp.4.1.2021.5404.51-60
Sintal Delwi, Rozallinal, & Kialgus M. Zalin Balsriwijalyal. (2023).). Jurnall Calkralwallal Ilmialh, 2(9), 3489–3496. https://doi.org/10.53625/jcijurnallcalkralwallalilmialh.v2i9.5664
Sujaltmiko, B., Bustalmin, M. O., ALrdialnsyalh, G. N., & Unitomo, S. (2023). ALnallisis Bialyal Invelstalsi Proyelk Pelmbalngunaln Pelrumalhaln Lal Dival Greleln Hill Melngalnti Grelsik. Publikalsi Riselt Orielntalsi Telknik Sipil (Protelksi), 5(1), 51–59. https://doi.org/10.26740/protelksi.v5n1.p51-59
Tallunohi, D., & Belrtualh, EL. (2022). Profitalbility ALs thel Malin Deltelrmining Falctor of thel Firm Valluel. Belrkallal ALkuntalnsi Daln Kelualngaln Indonelsial, 7(1), 48 63. https://doi.org/10.20473/balki.v7i1.29961
Yalmaln, S. (2021). Finalnsall Balşalrısızlık Modelllelrinin Çallışmal Selrmalyelsi Yaltırım vel Finalnsmaln Politikallalrı Doğrultusundal İncellelnmelsi : BİST ’ del Kalrşılalştırmallı Bir Uygulalmal 1 ELxalminaltion of Finalnciall Falilurel Modells ALccording to Working Calpitall Invelstmelnt alnd Finalncing Polic. 20(2), 591–610.
Published
2026-02-16
How to Cite
Aprilia, D., Edi Efrita, Novitri Kurniati, & Edi Marwan. (2026). Financial Feasibility Study of Nursery Business at CV Kebun Sari, Bengkulu City. International Journal of Economics, Business and Innovation Research, 5(02), 241-254. https://doi.org/10.63922/ijebir.v5i02.2923
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