School Market Feasibility Study And Business Plan
The market-feasibility study & business plan is the critical starting point to developing your new private school. We understand the key fundamentals needed to develop a successful school from the ground up and we provide customized ‘turn-key’ services for K-12 and/or Post-Secondary school formation. Our firm is experienced with developing for-profit and non-profit private K-12 schools, with specialized programming in: International Baccalaureate (IB), British, Canadian, American, Single Gender, University Preparatory, Day and Boarding
Critical Starting Point for School Formation
A market feasibility study and business plan is a critical starting point and foundation for the development of your private school. Our firm has been involved in developing market feasibility studies and business plans for hundreds of school projects in countries around the world and school types and have an experienced team in place to support your group — be it for-profit or non-profit. Our market feasibility study and business planning approach quantifies start-up capital requirements and operational budget, break-even point, IRR, the feasibility of the school model in your market, enrollment projections, facility/site requirements, determination of the purpose and direction of the school, educational philosophy, human resource requirements, and conveyance of the proposition to your founding group. We formalize your educational, operational, and business model, and quantify enrollment projections, capital needed to open the school, and your five year budget to determine when you break-even, and your internal rates of return and pay-down to investors.
Objectives of the Market/Feasibility Study and Business Plan
Learnex will determine the critical elements needed for the formation of your school starting with the market/feasibility study and financial projections within the business plan, focusing on the following objectives to consolidate the purpose and direction for the new school:
- Vision and mission statements;
- Educational philosophy and values;
- Educational program(s);
- Accreditation requirements and licensing;
- Potential combinations of grades for each stage of formation;
- Staffing, training, and human resource considerations;
- Infrastructure requirements;
- Funding requirements;
- Management team, governance model, organizational chart, and personnel needs;
- Timelines, benchmarks, and services for each stage of formation;
- Review of the business case including assessment of the market opportunity and value of the school to be developed;
- Financial costs/assumptions for the start-up budget and five-year financial plan;
- Determine the corporate structure and/or investment/funding;
- Determine target market, enrollment projections, marketing, and admissions plan;
- Determine project management timelines and milestones;
- Determine proposed facility requirements and suitable location(s) of the school;
- Address issues/strategies to ensure successful start-up and operation of the school;
- Develop a Business Plan that provides an Executive Report, recommendations, and cost profile with an overview of demand for the proposed school, costs, and ‘blueprint’ for moving forward.