Newly Established College Seeking Loan in Santo Domingo, Dominican Republic

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.

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.

No tangible assets and the intangible assets include:

- Legal entity.

- Brand rights.

- Legal paperwork.

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.

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.