Newly Established College Seeking Loan in Santo Domingo, Dominican Republic
Seeking business loan to open a hotel & tourism business school in the Dominican Republic.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Colleges |
| Locations | Santo Domingo |
| Local Time | 5:03 PM America / Santo Domingo |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
1 million
for
10.5%
annual interest,
10
years
(Native Currency: USD 1,000,000)
Reason: Start building and complete to open a Hotel & tourism business school in the Dominican Republic.
Collateral Available: USD 2 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
School Presentation
(3.4 MB)
Business Proof
(429.4 KB)
Business Overview
Recently established company that will be dedicated to bringing to the Dominican Republic the first hotel and tourism business school with a double diploma French & Dominican and scholarships cultural exchange program.
It is a sustainable project for the development of higher education in the country. Our target market comprises individuals aged 15 to 29, with 28% falling within the 15-17 age range, 23% from 18-20, and 49% aged 21 and above. These individuals possess a keen interest in the hospitality and tourism sector.
The Dominican Republic's growing hospitality sector has witnessed an increasing demand for qualified professionals. In 2021 alone, the country experienced a remarkable 30% surge in visitor arrivals, with the number surpassing 4 million. By the end of 2023, this figure is projected to reach a record-breaking 10 million tourists. Considering the establishment of new hotel properties and the expansion of existing ones, the nation is expected to require over 8,000 additional hospitality workers within the next 3–5 years.
Our group's primary focus will be on approximately 5,600 young individuals aged 15 to 29 who have expressed a keen interest in receiving vocational training in hospitality, catering, and tourism. As the leading hospitality school in the Dominican Republic, we will leverage our extensive industry network to facilitate the placement of 80% of our graduates into local jobs and internships upon program completion.
Initially, our focus will be on student enrollment and private courses catering to hotel and tourism companies. For students, the fee will amount to $4,000 per year for regular courses and $10,000 per year for master's degree programs. We anticipate an initial intake of 200–250 students, with a projected annual growth rate of 15%-20%. As for private companies, the average cost of courses for their employees will range between $2,000 and $2,500. Our estimated average gross margin is 40%, with special emphasis on the mentioned areas.
It is a sustainable project for the development of higher education in the country. Our target market comprises individuals aged 15 to 29, with 28% falling within the 15-17 age range, 23% from 18-20, and 49% aged 21 and above. These individuals possess a keen interest in the hospitality and tourism sector.
The Dominican Republic's growing hospitality sector has witnessed an increasing demand for qualified professionals. In 2021 alone, the country experienced a remarkable 30% surge in visitor arrivals, with the number surpassing 4 million. By the end of 2023, this figure is projected to reach a record-breaking 10 million tourists. Considering the establishment of new hotel properties and the expansion of existing ones, the nation is expected to require over 8,000 additional hospitality workers within the next 3–5 years.
Our group's primary focus will be on approximately 5,600 young individuals aged 15 to 29 who have expressed a keen interest in receiving vocational training in hospitality, catering, and tourism. As the leading hospitality school in the Dominican Republic, we will leverage our extensive industry network to facilitate the placement of 80% of our graduates into local jobs and internships upon program completion.
Initially, our focus will be on student enrollment and private courses catering to hotel and tourism companies. For students, the fee will amount to $4,000 per year for regular courses and $10,000 per year for master's degree programs. We anticipate an initial intake of 200–250 students, with a projected annual growth rate of 15%-20%. As for private companies, the average cost of courses for their employees will range between $2,000 and $2,500. Our estimated average gross margin is 40%, with special emphasis on the mentioned areas.
Products & Services Overview
Under our group, we have proposed the establishment of a hotel & tourism business school, which will be strategically located in Santo Domingo, Dominican Republic. Our primary objective is to address the increasing demand for competent professionals in the country's thriving tourism industry.Our solution comprises of two fundamental components. Firstly, we will provide an extensive range of degree programs, professional certifications, and continuing education courses in various areas including hospitality, hotel and restaurant management, and tourism marketing. To enrich the learning experience, we will facilitate cultural exchange opportunities and internships both locally and internationally, partnering with hotels and tourism companies.
Our project is specifically designed to benefit young Dominicans and other Caribbean youth who aspire to pursue vocational training programs after completing high school.
Assets Overview
No tangible assets and the intangible assets include:- Legal entity.
- Brand rights.
- Legal paperwork.
Facilities Overview
The school will be situated in the building currently occupied by the French Alliance of Santo Domingo, which has been operational since 1914. The rented space encompasses an area of 1,200 square meters and includes well-equipped classrooms, a media library, a meeting and conference room, an exhibition hall, a restaurant, restroom facilities, parking, and other essential amenities.
Capitalization Overview
TEFA Group is a registered limited liability company (LLC). The company is owned by two founders, with 51 shares and 49 shares respectively. Currently, there are no external investors involved in the company.
Recent Activity
-
Earlier than 15 daysPartner, Barnard, M&A Advisor connected with the Business
-
Earlier than 15 daysDirector, Dublin, Business Broker connected with the Business
-
Earlier than 15 daysCEO, Santo Domingo, Financial Consultant connected with the Business
Tags:
Newly Established Private University Seeking Loan in Santo Domingo, Dominican Republic
·Lend to Newly Established Private University in Santo Domingo, Dominican Republic
·Newly Established College Seeking Loan in Santo Domingo, Dominican Republic
·Lend to Newly Established College in Santo Domingo, Dominican Republic
·Newly Established Private University Seeking Loan
·Lend to Newly Established Private University
·Newly Established College Seeking Loan
·Lend to Newly Established College
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
7 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 122,000+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses