School exists, is not operational but is an exempt school licensed in California there is an agreement in principle to transfer the school.
School can begin enrolling as soon as the transfer is complete.
Purchase of the existing school saves six to nine months of salaries, with no ability to earn revenue during the six-nine month waiting period.
This requires less staffing at startup as some courses are already designed.
International market has far less restrictions than the US market opening school to more students
CEO and COO have a good relationship with ASIC accreditors and have put several schools through the accreditation process -
School can add additional programs in the next month before submitting to ASIC for full accreditation
Courses are set to be more affordable than US schooling to ensure that more students have access to education
Tentative articulation agreements in place for student intake from a US based school and student intake from non-US based school.
The school expects a loss during the first year of operation. The school will turn a profit in 18 months, with significant profit in years 3 and 4.
The fund requested are necessary to demonstrate to ASIC that there is sufficient financing to cover salaries and operations until title IV can be obtained through DEAC.
The school intends to obtain accreditation through DEAC after two years of operation.