NVI Technical College Information

Market Feasibility

Market Feasibility Conclusion

is beneficial to the management of the Company because it reduces

As presented herein, the vocational education sector is mature and

the time for exposure to gain notoriety as a qualified institution.

well-developed, as well as competitive. There is an abundance of

opportunities for students around the United States to attend these

The Company indicated a tuition rate that is commensurate with the

types of schools for certifications and degrees.

market thus making it competitive in the national market. Also,

although it is to be operated under a separate entity the Company

The recent demand trends over the last 10-years have been stable

has leased student housing, thus making it available for students

A

to increasing according to IBISWorld. Demand tends to increase in

who attend from out of state or further than driving distance within

economic downturns, and with the population growth of 18 to 30

the county market area.

year-old students. Older students tend to attend to update their

certifications or transition their careers. Recruiting begins at the

Lastly as presented, the management of the Company has secured

high school level and continues through trade organizations.

contracts with demanders for technicians, thereby lending support

for financial pro forma. Overall, based on the industry growth trends,

Historically, the reputation of the location was well-ranked and

the subject project ’ s favorable historical reputation, availability is

notable thereby providing a platform of history for the Company to

affordable housing and competitive academic programs, within

restart the subject project. It is a fully equipped facility that is turn

market tuition rates, the subject project will be competitive as a

key thereby reducing risks related to many unknown start-ups. The

continuance of a long-standing educational facility that is well

subject project is best described as a Continuance Program which

known. Market Feasibility appears to be of low risk.

Source: primary research by Wert-Berater Companies, Inc, secondary research by Costar Group Inc.

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