The following information would not be considered by an appraiser in a highest and best use analysis of the site as though vacant
- legally permissible
- physically possible
- financially feasible
What is financially feasible?
- Whatever your objectives, it is crucial to examine the financially feasible requirements early on in the start-up process.
- Even if you don't have many details yet, you should at least perform a high-level review to make sure your business idea makes sense financially feasible. The following should be calculated based on your business concept:
- Determine the Start-Up Costs
Make a list of everything you will need to buy to launch your firm, and then calculate the cost of each item on the list. Among the items you could need are:
- Land\sFencing
- Infrastructure Irrigation and Land Preparation
- Equipment\sTools
- Vehicle\sPermitting\sSignage
- Wash-Pack Organization
- Cooling and greenhouse structures
- Restroom in a storage container
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