FINANCIAL FEASIBILITY STUDY OF INVESTING IN THE ELDERLY CARE SERVICE BUSINESS IN THAILAND

Abstract

Abstract—The aging population in Thailand has led to an increased demand for elderly care services. As the country experiences demographic shifts, there is a growing interest in investing in the elderly care sector. This study conducts a financial feasibility analysis to assess the viability and potential returns of investing in an elderly care service business in Thailand. The study aims to provide potential investors with insights into the financial viability, risks, and potential returns associated with entering the elderly care market. The research employs a comprehensive financial feasibility study methodology, incorporating both quantitative and qualitative assessments. The financial feasibility study reveals key insights into the potential profitability of investing in the elderly care service business in Thailand. The analysis includes considerations of initial investment costs, operational expenses, revenue projections, and potential challenges. Additionally, regulatory compliance, market competition, and the unique demands of the aging population are examined to provide a holistic view of the business landscape. The findings suggest that, despite the challenges associated with entering the elderly care service sector, there exists a significant opportunity for investors. The financial feasibility study offers valuable insights into the potential returns on investment, helping potential stakeholders make informed decisions about entering the growing market of elderly care services in Thailand.