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DEDICATORIA
Este trabajo se lo dedico a toda mi familia, en especial a mis hijos Elmar Alberto, Daniela y
Carla Valeria, por el tiempo que les he quitado por estudiar y preparar este trabajo.

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A Dios por darme la oportunidad de estar donde estoy hoy día, por permitirme superar metas y
afrontar retos.
A mis padres por el ejemplo de vida y familia inculcados.
A mi familia en general por el ambiente armónico en el que me crié.
A la U.A.G.R.M. (Unidad de Post Grado) por haberme acogido en sus aulas para estudiar y
poner en practica lo aprendido en la Maestría.
Al Lic. Jorge A. Orellana J. por brindarme desinteresadamente sus conocimientos y
experiencias para llevar a buen termino este trabajo.
Lic. Adm. Carlos Alberto Muñoz Egüez

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La globalización de mercados obligan a generar ideas de negocio más competitivas para poder
subsistir, en ese marco, la comida rápida es una alternativa real que tienen los inversionistas para
crear nuevas oportunidades.
Este proyecto pretende evaluar la factibilidad de implementar una Sandwichería, que ofrezca
una alternativa de comida rápida. El reto está en configurar una concepción del negocio que
permita la creación de ventajas competitivas sostenibles en el tiempo y defendibles ante una
competencia cada vez más dinámica.
De acuerdo al estudio realizado tanto de mercado, técnico, económico y financiero se
determina que el proyecto es viable en todos los aspectos de acuerdo a los indicadores de
rentabilidad y los estudios realizados, por lo tanto se recomienda la implementación.
Después de hacer una investigación de mercado realizada en Santa Cruz, se concluye que es
un sector atractivo para la implementación de una Sandwichería, que promete rendimiento y
estabilidad, ya que existe un mercado potencial por los productos ofertado por el presente
proyecto.
De acuerdo a la tecnología es técnicamente viable la elaboración de productos de alta
calidad con los requerimientos del público consumidor que puedan competir en el medio sin
ninguna dificultad.
La evaluación financiera y sin financiamiento muestra un buen resultado en lo que respecta
al Valor Actualizado Neto y a la Tasa Interna de Retorno, lo cual demuestra que el proyecto se
constituye en una alternativa de inversión rentable sin necesidad de tener acceso a fuentes de
financiamiento externas.
La evaluación financiera con financiamiento, es decir con aportes de fuentes externas de por
lo que los inversionistas obtendrán una mayor rentabilidad si buscan algún tipo de
financiamiento de algún ente financiero según las condiciones estipuladas en el proyecto y con
.financiamiento muestra también un VAN mayor y una TIR mayor a la obtenida sin
financiamiento, lo que nos lleva a la conclusión que existe un efecto apalancamiento positivo, ya
que la TIR con financiamiento es mayor que la TIR sin financiamiento.

Una vez realizado el análisis económico y financiero y su análisis de la sensibilidad se ha


podido constatar la inversión en una Sandwichería, es factible la implementación en la ciudad de
Santa Cruz de la Sierra.
Se recomienda seguir los lineamientos establecido en el presente trabajo para su
implementación.

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Ramallo Cáceres Alfredo; Preparación Evaluación y Administración de Inversiones


Enfoque de Sistema; Ed. Latinas editores; Bolivia 2005.

7:8 ./0 12$"$%'% 3


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