Feasibility Study of Refill Drinking Water Depot at BUM Desa

Sukajaya, Sukajadi Village Bengkalis Regency

Nazrantika Sunarto, Dwi Astuti, Muhammad Arif and H. Khairi Fahrizal

D3 Department of Administration at Bengkalis Polytechnic, Bengkalis Regency Government Economic Section, Bengkalis,

Indonesia

Keywords: Village Owned Enterprises (BUM Desa), Business Feasibility, Drinking Water.

Abstract: Villages have an important role in the process of equitable distribution of national economic development.

One of the purposes of Undang-Undang Number 6 of 2014 concerning Villages is to stimulate villages to

have BUM Desa which functions as a service institution and at the same time carries out the business functions

of the Village Government in order to obtain village original income that can be utilized for development

purposes. BUM Desa Sukajaya in Sukajadi Village already has several business units. One of them is a bottled

drinking water refill depot. Even though this business is run without going through a business feasibility

calculation process, since it started in 2020 this business has been quite profitable compared to other business

units at the BUM Desa Sukajaya. Based on the results of the feasibility study conducted in this study using a

business feasibility approach similar to that of a BUMD as regulated in Government Regulation Number 54

of 2017, it was found that Business Drinking Water Refill Depot is considered feasible to be implemented.

However, the implementation of the Dringking Water refill Depot business must be supported by policies and

synergies with government programs because it involves primary needs. Although this business is quite

profitable, but it is a type of business with limited development and it is difficult to expand the market, because

this business depends on the number of residents and each village has its own drinking water service program

in accordance with government programs.

1 PRELIMINARY

To achieve the national goals and objectives,

integrated economic development has become the

focus of government programs (Tomisa, Syafitri,

2020). The government and the people collaborate to

explore, manage, and foster the existing potential to

create a just and prosperous society in accordance

with the mandate of the 1945 Constitution (Chambers

1987).

The existence of the village as one of the driving

factors for development has strengthened in recent

years. Villages are encouraged to become leaders, to

stimulate the realization of equitable and just

development ideals. Villages are given the freedom to

be creative and innovate in development, because the

Government realizes that rural development is one

way to alleviate poverty in Indonesia.

Undang-Undang Number 6 of 2014 concerning

Villages, mandates that Villages need to get

protection and empowerment in order to be tough,

advanced, independent, and democratic. One form of

this effort, in article 87 it is stated that the Dasa

Government can establish BUM Desa which is

managed in a spirit of kinship and mutual

cooperation. BUM Desa aims to utilize all economic

potential, economic institutions, as well as the

potential of natural resources and human resources in

order to improve the welfare of the village

community (Tomisa, Syafitri, 2020).

Specifically, BUM Desa is different from

ordinary companies such as PT and CV. BUM Desa

is a business entity characterized by a Village which

in its operations, in addition to assisting the Village

Government, also aims to meet the needs of the

Village community. However, BUM Desa is also

expected to be able to carry out the functions of

service, trade, and economic development in a

professional and measurable manner.

The Bengkalis Regency Government continues to

optimize the implementation of Undang-undang

Number 6 of 2014 on BUM Desa, especially in terms

of village economic development. However, in its

implementation, not all BUM Desa that have been

formed have achieved and succeeded and driving the

366

Sunarto, N., Astuti, D., Arif, M. and Fahrizal, H.

Feasibility Study of Reﬁll Drinking Water Depot at BUM Desa Sukajaya, Sukajadi Village Bengkalis Regency.

DOI: 10.5220/0010925400003255

In Proceedings of the 3rd International Conference on Applied Economics and Social Science (ICAESS 2021), pages 366-375

ISBN: 978-989-758-605-7

village economy and generating Village Original

Income. Some of the existing BUM Desa are still only

focused on carrying out service functions. In fact,

there are still many BUM Desa which actually

become a burden for the Village Government due to

poor management.

Practically there are still very few business units

managed by BUM Desa which are carried out with an

adequate business approach. So do not be surprised if

some of the implementation of the BUM Desa

business function does not run optimally, loses

money, or BUM Des is stuck in a constant business

and is difficult to develop. This happens because the

business units implemented by BUM Desa are mostly

just run by trial and error, or only following market

trends whose sustainability is not yet clear.

Reflecting on the management of Regional

Owned Enterprises (BUMD), which is a more

complex form of BUM Desa, the phase of formation

and selection of BUMD business units regulated

through Government Regulation Number 54 of 2017

concerning BUMD is packaged more carefully and

accountably. Although the pattern is different, where

BUM Desa is based on kinship and mutual

cooperation, while BUMD is based on a service and

business approach. Several approaches to

implementing BUM Desa business functions should

follow the pattern applied by BUMD.

One of the most important stages before selecting

a business unit in a BUMD, is to conduct a feasibility

study to ascertain whether the business to be carried

out is based on regional needs, is capable of

producing, or is in accordance with business

objectives. These stages should also be carried out at

BUM Desa to ensure that the business/core business

that will be run is feasible, structured, and

measurable.

BUM Desa Sukajaya is a BUM Desa located in

Sukajadi Village, Bukit Batu District, Bengkalis

Regency. Since its establishment in 2015, until now

it has run several business units. In 2020, BUM Desa

Sukajaya added one new business unit, namely the

Bottled Water Refill Depot.

Observing the condition of BUM Desa which

often conducts business without an adequate

feasibility study, it is deemed necessary to conduct a

feasibility study, especially the business that has just

been run by BUM Desa Sukajaya with the title

"Feasibility Study of Drinking Water Refill Depot

Business at BUM Desa Sukajaya, Sukajadi Village,

Regency Bengkalis".

2 LITERATURE REVIEW

There is some literature that must be understood and

considered in compiling an analysis of business

feasibility studies at the BUM Desa Sukajaya

business unit, especially in the water refill drinking

water depot business.

2.1 Drinking Water Needs

Water is a basic need for humans and all living things.

However, currently there is still a lot of drinking

water provided in very poor conditions both in terms

of quantity and quality for public health (Buckle et al,

1987).

The average need for clean water for humans

reaches 144 liters/person/day and the standard that

supports the classification of water use is according

to the Plumbing Standard SNI 03-7065-2005.

(Sutjahjo N, et.al, 2011). However, based on the

Minister of Public Works Regulation Number

14/PRT/M/2010 concerning SPM for Public Works

and Spatial Planning, it is determined that the water

requirement per person in a day is 60 liters. In terms

of the human need to drink to prevent dehydration, it

is strongly influenced by the body weight of each

individual, and the body weight of Indonesian adults

reaches an average of 2-3 liters per day. Thus, it is

generally concluded that the calculation of the service

capacity of drinking water facilities is strongly

influenced by the number of residents in the service

area.

In terms of the drinking water supply target, in

2018 the Government originally planned to have 88%

potable and 7% safe, while the MDGs target based on

the RPJMN in 2024 is 100% access to safe drinking

water and 15% access to safe drinking water in 2020-

2024 (BPS Susenes, 2018)

2.2 Population Theory

There are several ways to project the population using

the projection method, namely: 1) Mathematical

projection and 2) Component Method. Meanwhile,

the mathematical method itself is divided into a)

arithmetic, b) geometric and c) exponential method.

Based on the existing condition of Sukajadi Village,

which is a small village, population projections can

use the Arithmetic method. However, based on the

available statistical data sources in Bukit Batu

District, it is only in the form of population growth,

namely 3.25% per year (BPS, 2020), the method used

in this study is the geometric method. With the

formula:

𝑃



=𝑃





1+𝑟





Feasibility Study of Reﬁll Drinking Water Depot at BUM Desa Sukajaya, Sukajadi Village Bengkalis Regency

367

Pt : Projected Year Population

Po : Initial Year Population

r : Average population growth

t : The difference between the projected year and

the base year

The geometric method is a projection using the

assumption that the population will increase

geometrically using the basis of calculating

compound interest (Adioetomo and Samosir, 2010).

The geometric method is also used with the

assumption that the population increase shows a

relatively similar number from time to time (BPS,

2010)

2.3 Business Profitability

Robbani and Wasiso (2019) in their book "Scale Up"

explain that in the process of filtering or selecting a

business to be run, there are several criteria that must

be met including: 1) Business profits must be above

20%, 2) market size must be wide, 3 ) product price

stability, 4) Usually run with existing human

resources, 5) can be developed (added value), 6) can

compete in quality, 7) can be expanded (scaleable), 8)

relatively low capital, 9) passion (according to with

the pleasure of business actors) and 10) Current

trends.

However, in terms of managing the BUM Desa

business, profitability is not always the main goal

because some BUM Desa businesses can be of

service nature. However, the "beneficial" factor

becomes the main variable that greatly affects the

continuity or sustainability of a business.

2.4 Business Feasibility Theory

Kasmir and Jakfar (2017) describe a business

feasibility study as an activity that studies in depth the

business to be run, in order to determine whether or

not the business is feasible or not.

Hamdi (2017) states that business feasibility must

be reviewed from:

1) Legal Aspects,

2) Social Aspect,

3) Technical Aspect dan

4) Economic Aspect.

Pecifically, the economic aspect can at least use a

calculation of 1) payback period (PP), 2) Net Present

Value (NPV), 3) Profibility Index (PI), dan 4) Internal

Rate of Return (IRR).

3 DESA SUKAJADI AND BUM

DESA SUKAJAYA

Sukajadi village is one of 10 villages in Bukit Batu

District, Bengkalis Regency. The implementation of

SPAM by the Bengkalis Regency Government in

Bukit Batu District to complete mandatory affairs is

divided into two, namely 1) a piping system managed

by PDAM and 2) Non-Piping with a community

empowerment pattern, such as the Pamsimas program

and PNPM Mandiri in Rural Areas.

Pada Desa Sukajadi, SPAM is organized with a

pattern of community empowerment through the

Pamsimas and PNPM programs in the form of

providing communal Rainwater Storage (PAH)

facilities positioned in several locations. Due to age

and minimal maintenance, most of the current

facilities are not functioning. Meanwhile, the

PDAM's pipeline network cannot be fulfilled due to

the distance of the IPA to the service area, which is

very far, so it is not effective and efficient.

With geographical conditions that are directly

adjacent to the coast of the Bengkalis Strait, Sukajadi

Village does not have an adequate source of surface

and ground water and can directly be used as a source

of drinking water but must go through a filtration or

filtration stage to be safe for consumption.

In fact, the drinking water needs of the people of

Sukajadi Village are generally met by utilizing

rainwater and bottled water for drinking needs, while

shallow wells, deep wells and river water are used to

meet daily clean water needs.

3.1 Population Projection

Based on the 2020 BPS, the population of Bukit Batu

District in 2019 reached 20,945 people, with a growth

rate of 3.25%. While the population of Sukajadi

Village in 2020 is 1,134 people (BPS, 2021)

3.2 BUM Desa Sukajaya

BUM Desa Sukajaya, which was established in 2015

to date, runs several types of businesses including:

Table 1: Types of Business BUM Desa Sukajaya Sukajadi

Village Bukit Batu District.

e of business Year

Party Supplies Business 2016

Rice Refinery Business 2016

Savings and Loan Business 2018

Drinkin

Water Refill De

ot Business 2020

Casava Farmin

Business 2020

Source: Processed by researchers, 2021

ICAESS 2021 - The International Conference on Applied Economics and Social Science

368

Based on primary data, it is explained that from

several types of businesses that have been run, the

only businesses whose existence is quite good so far

are the Savings and Loans business unit and the

Makmur Sejahtera refill drinking water refill depot

business.

The Makmur Prosperous drinking water refill

depot uses a Reverse Osmosis system filtering

machine with a capacity of 200 Gallons/day (GPD),

which is equipped with a permanent depot building

unit. From the provisions made by the Village and

business managers, the distribution of business

profits is given with the composition: 1) Management

incentives 65%, 2) Operational costs 15%, 3)

Maintenance costs 10% and 4) operating profit which

becomes Village Original Income of 10% (Report of

BUM Desa Sukajaya Village, 2021).

Based on the financial statements of the Drinking

Water Depot, on average, they sell 19 liter gallon

refills and derijen with a price variation of @ Rp.

2.800 to Rp. 3,800. All business results are distributed

according to the composition regulated by the

Village.

4 METHOD AND DISCUSSION

The research method used is a combination research

method (mixed method). Creswell (2016) describes

this method as a combined approach of quantitative

and qualitative methods. Quantitative and qualitative

methods are used sequentially in order to obtain more

comprehensive data (Sugiyono, 2015). Qualitative

method as a form of confirmation of fact finding in

quantitative method or vice versa.

The qualitative method in this study will use

purposive sampling by extracting information from

informants who are considered to be the most

understanding and directly active in the management

of the Sukajaya Village Owned Enterprise, Sukajadi

Village, especially in the management of the drinking

water depot business unit. While the quantitative

method is used to process numerical data related to

population projections, financial analysis which

includes economic feasibility in the business

feasibility study of the BUM Desa, Sukajadi Village.

5 RESULTS AND DISCUSSION

5.1 Feasibility of Drinking Water Refill

Depot Business Existing Condition

The Water Supply Depot of Sukajaya Village Water

Depot has been running for more than a year. So that

in conducting business feasibility analysis on legal,

social, and technical aspects, it is done by comparing

the existing management conditions with the

regulatory system and needs.

While the economic aspect, in addition to

assessing business feasibility based on existing

conditions, calculations are also carried out on the

ideal business potential that should be achieved in the

Bum Desa Sukajaya Drinking Water Depot business.

5.1.1 Legal Aspects

In the context of the analysis of legal aspects, the

business of drinking water refill depots is regulated

through the Decree of the Minister of Industry and

Trade of the Republic of Indonesia Number:

651/MPP/Kep/10/2004, concerning the Technical

Requirements of the Drinking Water Depot Industry

and its Trade. In addition, it is also regulated through

Minister of Health Regulation Number 43 of 2014

concerning Sanitation Hygiene for Drinking Water

Depots.

Based on the regulation, there are several

requirements related to licensing that must be fulfilled

by a Drinking Water Depot business including: 1)

Industrial Registration Certificate, 2) Permit to supply

raw water or take water and 3) have a water test

report. In addition to licensing, existing regulations

also regulate the technical preparation and

management of businesses.

Based on primary data, the BUM Desa Sukajaya

drinking water depot does not yet fully have business

legal requirements. The completeness of the licensing

administration is still in the management stage

according to the provisions. Meanwhile, for water

quality and depot management, although from the

beginning they did not pay attention to the existing

regulations due to a lack of understanding, based on

the results of observations, the condition of the

buildings and facilities of the depot can be said to

have met the criteria set by the government. The

water quality test was carried out at the first time it

was operated. Meanwhile, from the existing

requirements, it is generally estimated that Sukajaya

Village BUM can fulfill its operations while meeting

the needs of the community.

5.1.2 Social Aspect

If viewed from the social aspect, the existence of the

Sukajaya drinking water depot has a very positive

impact on the community. With natural conditions

that are difficult to obtain drinking water sources and

the trend of using refilled bottled water as a source of

drinking water is increasingly widespread, the

Feasibility Study of Reﬁll Drinking Water Depot at BUM Desa Sukajaya, Sukajadi Village Bengkalis Regency

369

existence of the drinking water refill depot is very

much needsed.

In addition, as one of the government's business

units, it should be easier to coordinate with relevant

agencies in terms of periodic monitoring of water

quality. This is very important so that the water

received by the community actually meets the

minimum health standards set by the government.

The same is true in terms of job creation. Even

though it is classified as minimal manpower, the

existence of the Drinking Water Depot at least creates

new jobs such as managers and transportation

services (courier) of water shuttles and the like.

5.1.3 Technical Aspect

Judging from the technical aspect, the water filtration

equipment used by the Sukajaya Drinking Water

Refill Depot complies with the minimum standards

set by the Government. Water filtration facilities are

quite simple and do not use specific technology, thus

requiring the availability of specialized human

resources. This Reverses Osmosis (RO) system water

treatment is relatively easy to operate and currently

the existing workforce in Sukajadi village is sufficient

to run this business.

It's just that in a more specific context related to

drinking water lab tests that should be carried out

periodically, this process can only be carried out by

bringing water samples to the nearest testing

laboratory or establishing cooperation for a certain

period of time either with the Bengkalis district

government or competent institutions.

5.1.4 Economic Aspect

a. Market and Marketing Feasibility

Based on available population data, with a population

growth rate of 3.25% geometrically, the population of

Bukit Batu District in 2024 will reach 24,469 people

while the population of Sukajadi Village is estimated

to reach 1,289 people. Based on previous data and

discussions, in 2024 the MDGs target of access to

drinking water, the government has targeted access to

drinking water services of 100%.

Based on the MDGs targets and the existing

conditions in Sukajadi Village where there is no

refillable bottled drinking water depot, it is assumed

that the drinking water depot's business services can

reach 90% of the population, while the remaining

10% is fulfilled conventionally and/or using bottled

water. brands that are sold freely in the market.

Thus, the operational potential of the refillable

bottled water depot business unit with the maximum

capacity of the existing water treatment unit can be

calculated:

Table 2: Projected Drinking Water Needs in Sukajadi

Village, Bukit Batu District.

Description 2024 Projection

Total

ulation 1.289 Jiwa

Drinking Water Needs (90%

Population, 3 ltr/day)

3.479,7 liter/hari

Estimated Service (in 19

Liter Gallons

)

183,1 GPD

Source: Processed by researchers, 2021

Thus, there is a business opportunity for refill

drinking water of about 183 gallons per day, to serve

90% of the population of Sukajadi Village.

Based on primary data, it was found that the

production cost of drinking water per gallon of 19

liters did not exceed Rp. 1.500,-. With a one-time

refill price of Rp. 3,800,- the gross profit of the

business is estimated at 61%. Based on the

information in table 2, the potential gross sales value

of the BUM Desa Sukajaya Drinking Water Refill

Depot is 183 gallons x Rp. 3,800, worth Rp. 695.932,-

per day or equivalent to Rp. 20.877.972, - per month

and Rp. 250.535.663, - per year with an estimated

gross profit potential of Rp. 151.640.007, -per year.

Along with the improvement in service quality and

public understanding of safe drinking water as well as

marketing techniques that continue to be improved, it

is estimated that annual sales will increase by 3% or

linearly with population growth of 3.25%.

Based on the financial statements of BUM Desa

Sukajaya, the average income from drinking water

refill depots reaches Rp. 20.800.000, - per month,

with average sales above 100 gallons per day. The

sales potential has reached 90% service for the people

of Sukajadi Village. With the condition of the sale, it

can be stated that the current business is being

managed quite well, even though a business

feasibility analysis has not specifically been carried

out.

b. Financial Eligibility

The financial analysis will be carried out on the ideal

potential conditions that should be achieved by BUM

Desa Sukajaya from this refillable bottled water depot

business. The drinking water depot building is built

on village-owned land with the initial business

investment estimated as follows:

ICAESS 2021 - The International Conference on Applied Economics and Social Science

370

Tabel 3: Initial Investment and Capital.

ital Unit Sum. (R

)

Building 1 Unit 50.000.000

Complete package of 250

GPD RO Machine

1 Set 65.000.000

Gallon (19 Liter) 300

Unit

9.000.000

Membrane Washing

Machine

1 Unit 1.500.000

Three Wheeler (Pixar) 1 Unit 19.000.000

Miscellaneous expense 1 3.000.000

TOTAL initial investment 147.500.000

Source: Processed by researchers, 2021

The amount of financing that must be issued by

the refill drinking water depot business unit at BUM

Desa Sukajaya is as follows:

1. Employee Wage Financing

To manage a Drinking Water Depot with a capacity

of 200 GPD, it is managed by at least 4 people.

Tabel 4: Manager's Salary.

Employee Salary

Managing Director 1.700.000

Treasurer (Cashier) 1.500.000

Water Distributor (Courier)

2 people @ Rp. 1,200,000

2.400.000

Total Monthly Cost 5.600.000

Total Annual Fee 67.200.000

Source: Processed by researchers, 2021

The salary cost is estimated to increase by 3% per

year linearly with the increase in the target income

and population.

2. Depreciation

Depreciation of assets is expected to occur in the

following types of assets:

Table 5: Asset Depreciation.

Jenis Aset Perolehan UE* Dep/Y**

Buildin

50.000.000 20 2.500.000

RO Machine

(Package)

65.000.000 5 13.000.000

Gallons 9.000.000 2 4.500.000

Membrane

Washing

Machine

1.500.000 5 300.000

Thrree

Wheeler

19.000.000 7 2.714.000

Annual Depreciation 23.014.286

*UE: Economic age

Dep/Y**: Depreciation Per Year

Source: Processed by researchers, 2021

3. General Financing

General costs are expenditures incurred for

operational purposes such as fuel, electricity,

stationery, replacement and minor servicing of

machine tools and the like, the cost of purchasing

bottle caps and testing water quality. The general cost

is estimated at Rp. 2,000,000/month or equivalent to

Rp. 24,000,000/year. This general cost is assumed to

also increase by 3% per year linearly with the revenue

target.

4. Administration Financing

Administration financing are used for administrative

matters such as stationery, reporting, licensing, and

others. This cost is assumed to be Rp. 1,000,000 per

month or equivalent to Rp. 12,000,000 per year. This

cost is also assumed to increase by 3% per year.

Net Cash Flow

Based on the above estimates of income and

expenses, a business cash flow can be arranged (at

appendix). Meanwhile, the Net Cash Flow of the

BUM Desa Sukajaya Water Depot is as follows:

Table 6: Net Cash Flow.

LB** Depr*** NCF****

1 124.321.378,06 23.014.285,71 147.335.663,77

2 128.741.447,97 23.014.285,71 151.755.733,69

3 133.294.119,98 23.014.285,71 156.308.405,70

4 137.983.372,15 23.014.285,71 160.997.657,87

5 142.813.301,89 23.014.285,71 165.827.587,60

6 147.788.129,52 23.014.285,71 170.802.415,23

7 152.912.201,97 23.014.285,71 175.926.487,69

8 158.189.996,61 23.014.285,71 181.204.282,32

9 163.626.125,08 23.014.285,71 186.640.410,79

10 169.225.337,40 23.014.285,71 192.239.623,11

*Th: Tahun, **LB: Laba Bersih, ***Depr: Penyusutan;

****NCF: Net Cash Flow

Source: Processed by researchers, 2021

From the Net Cash Flow table, it can be observed that

there is a positive growth every year.

Feasibility Study of Reﬁll Drinking Water Depot at BUM Desa Sukajaya, Sukajadi Village Bengkalis Regency

371

Payback Periode

Payback Analysis Period is the time required to

recoup investment spending using net cash flow. This

method estimates how long the investment costs can

return (Hamdi, 2017).

Tabel 7: Analysis Payback Periode.

Year NCF NCF accumulation

Initial Investment Value 147.500.000

1 147.335.663,77 147.335.663,77

2 151.755.733,69 299.091.397,46

Source: Processed by researchers, 2021

Based on the table above, it can be seen that the

accumulated value of NCF for the second year has

exceeded the initial investment value with a

difference of Rp. 151.591.397, -. So, the payback

period value for this drinking water depot business is

1 year and 1 month.

Net Present Value

Net present value (NPV) is found by discounting cash

disbursements and is equivalent to providing a certain

interest rate over the life of the business. The

difference of the present value (discounted value) of

cash disbursements and receipts.

Table 8: NPV Analysis.

Cash

Flow

NCF* PV Fac** NPV

Bank interest rates 6,8%

1 147.335.663,77 0,936 137.954.741

2 151.755.733,69 0,877 133.046.239

3 156.308.405,70 0,821 128.312.384

4 160.997.657,87 0,769 123.746.962

5 165.827.587,60 0,720 119.343.981

Total PV Cash Flow 642.404.308

INITIAL INVESTMENT VALUE 147.500.000

NPV 494.904.308

*NCF: Net Cash Flow; **PV Fact: Present Value Factor

Source: Processed by researchers, 2021

Explanation:

The Net Present Value is positive (+), which is Rp.

494.904.308, thus the Sukajaya drinking water depot

business is feasible to run.

Profitability Index

Profitability Index (PI) is the present value of cash

flows compared to the investment value. If the

Profitability Index is above 1, it means that the

investment is acceptable.

Based on the NPV table above, the PI value can be

calculated:

PI = Total PV Cash Flow : investment value

PI = Rp. 642.404.308,16 : Rp. 147,500,000

PI = 4,355

With a PI value above 1, it means that this business is

quite feasible to carry out.

Internal Rate of Return

The Internal Rate of Return (IRR) is a reference

for calculating the efficiency of an investment. In

simple terms, the IRR calculation can be the basis for

whether an investment is worth making or not. An

investment that is considered roadworthy must meet

the criteria for an IRR value that is higher than the

minimum acceptable rate of return or minimum

attractive rate of return.

The analysis of the IRR value in the BUM Desa

Sukajaya drinking water rfill depot business is as

follows:

Table 9: IRR Analysis.

NCF*

Discount cash flow

6% 30%

1 147.335.663 138.995.909,22 113.335.125,98

2 151.755.733 135.062.062,73 89.796.292,12

3 156.308.405 131.239.551,52 71.146.292,99

4 160.997.657 127.525.224,59 56.369.755,21

5 165.827.587 123.916.020,12 44.662.190,67

∑ PV Cash

Flow

656.738.768

375.309.657

INVESTMENT 147.500.000 147.500.000

NPV 509.238.768 227.809.657

Source: Processed by researchers, 2021

IRR=6%+{[656.738.768/(656.738.768-

375.309.657)]x (30%-6%)}

IRR = 62%

Thus, the invested capital is Rp. 147,500,000, -

when compared with the required capital cost or

interest of 6%, the IRR is 62% higher, then the

investment for this business is quite feasible to do.

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6 CONCLUSION

Based on the results of the business feasibility

analysis above, it can be concluded as follows:

1. Refill drinking water depot in Sukajadi village is

very much needed and feasible to do after being

reviewed from all aspects. This is because this

effort really helps the government in meeting the

needs of decent drinking water for the community.

2. In the existing condition, the management system

implemented by BUM Desa Sukajadi is quite

profitable. One of the reasons for the profitability

of this drinking water depot business is the factor

that is not yet optimal in providing village

drinking water around Sukajadi Village, so that

some of the potential services of neighboring

villages are part of the Sukajadi BUM Desa

drinking water service.

3. Ideal conditions based on market potential and

community needs, drinking water depot business

in Sukajadi Village is quite profitable. With a

note, it must be with business management

conditions, including the process of socializing

the use of healthy water to the community. This is

to ensure that the maximum production of

drinking water can be distributed to the public, to

achieve the daily sales target.

4. Economically, the business of refill drinking

water depot in Sukajaya Village is quite profitable

with a profit exceeding 20%. In accordance with

the theory of Robbani and Wasiso (2019) in terms

of the filtration process (selection) of the business

to be run, with profitability above 20%, the

business to be run is classified as very

prospective.

5. Even though it is quite profitable, the refill

drinking water depot business that BUM Desa

Sukajadi runs is categorized as a business that is

difficult to develop, because the target market is

based on the number of villagers. In addition, the

effort to fulfill drinking water is also a national

program that has also been regulated by the

government. Duplication of similar businesses on

other village will make the refill drinking water

depot business limited to serving the community

in their respective village areas.

SUGGESTION

1. In order for BUM Desa to carry out better

business functions, administrators and managers

need to receive adequate education regarding

business management, especially the drinking

water depot business. So that profitability and

business sustainability will be more guaranteed

and can be planned better.

2. Operationally, the refill drinking water depot

business must be followed by Village

Government policies that provide education to the

community, in order to increase public

understanding of the need to consume good water

for the body. Thus, it is hoped that the community

will wisely choose quality water and buy water

from drinking water depots managed by the

Village Government through BUM Desa which

has been operationally managed by taking into

account the consumption standards set by the

government.

3. The Sukajadi Village Government must synergize

the drinking water depot business unit with

national programs so as not to clash with each

other so that it has a negative impact on the

sustainability of business and community

services. Program synergy will help BUM Desa

get convenience benefits related to access to

permits, quality testing and evaluation

monitoring.

4. The Bengkalis Regency Government and the

Village Government must formulate appropriate

drinking water supply management policies,

synergize with each other so that services will be

more optimal.

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APPENDIX

Table 10: Tabel Perkiraan Arus Kas (Cash Flow) pada Usaha Depot Air Minum BUM Desa Sukajaya Desa Sukajadi

Sumber: Diolah oleh peneliti, 2021

Catatan:

1. Penjualan (keuntungan bersih) diprediksi meningkat 3% pertahun, diambil dari perkiraan tabel laba bersih.

2. Gaji pegawai terjadi peningkatan 3% Pertahun, diambil dari tabel pengeluaran.

3. Biaya Adm terjadi peningkatan 3%, diambil dari tabel biaya pengeluaran.

4. Biaya Penyusutan aset sesuai dengan perhitungan penyusutana aset.

5. Biaya umum terjadi penigkatan 3% pertahun, diambil dari tabel pengeluaran

6. Total Biaya adalah Gaji + Biaya adm + Penyusutan + Biaya umum

7. Laba Bersih adalah Penjualan - total biaya

8. Arus kas adalah Penyusutan + Laba bersih

Tahun Penjualan Gaji pegawai Biaya Adm Biaya penyus utan Biaya umum Total biaya Laba bers ih NCF

1 2 3 4 5 6 7=(3+4+5+6) 8=(2-7) 9 (5+8)

240.590.914,23 67.200.000,00 12.000.000,00 23.014.285,71 24.000.000,00 126.214.285,71 114.376.628,52 137.390.914,23

247.808.641,66 69.216.000,00 12.360.000,00 23.014.285,71 24.720.000,00 129.310.285,71 118.498.355,94 141.512.641,66

III

255.242.900,91 71.292.480,00 12.730.800,00 23.014.285,71 25.461.600,00 132.499.165,71 122.743.735,19 145.758.020,91

262.900.187,93 73.431.254,40 13.112.724,00 23.014.285,71 26.225.448,00 135.783.712,11 127.116.475,82 150.130.761,53

270.787.193,57 75.634.192,03 13.506.105,72 23.014.285,71 27.012.211,44 139.166.794,91 131.620.398,66 154.634.684,38

278.910.809,38 77.903.217,79 13.911.288,89 23.014.285,71 27.822.577,78 142.651.370,18 136.259.439,20 159.273.724,91

VII

287.278.133,66 80.240.314,33 14.328.627,56 23.014.285,71 28.657.255,12 146.240.482,72 141.037.650,94 164.051.936,66

VIII

295.896.477,67 82.647.523,76 14.758.486,39 23.014.285,71 29.516.972,77 149.937.268,63 145.959.209,04 168.973.494,76

304.773.372,00 85.126.949,47 15.201.240,98 23.014.285,71 30.402.481,95 153.744.958,11 151.028.413,89 174.042.699,60

313.916.573,16 87.680.757,95 15.657.278,21 23.014.285,71 31.314.556,41 157.666.878,29 156.249.694,87 179.263.980,59

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