International school project in Spain
Spain is considered one of the most popular destinations for expats from all over the world, which in turn creates demand for international education. In this project we carried out a feasibility study of opening an international school in either Barcelona, Madrid or in one of the smaller towns preferred by expats, such as Alicante.
LOCATION
Spain is an affordable place to buy a property or build a school, however your tuition fee can’t be set as high as in say China or Dubai.
COSTS
We looked at both capital expenses and operational expenses. To correctly estimate wages, for example, we had to analyze local and international job markets.
FINANCIAL MODEL
The financial model for this project included Cash Flow and Profit & Loss statements, among other financial indicators.
COMPETITION
We conducted a comprehensive analysis of competition – their fees, services, capacity and utilisation numbers, floor area, etc.