Education Businesses Seeking Loan in North America

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.