FAQs

FAQs

We have some of the top experts in the business on our team and affiliated partners: architects, engineers, master planners, project managers, financial analysts, marketing experts, etc. We are ready to handle your project from concept development through construction, opening and operation, or we will handle only those portions of your project where you would like assistance.
If you have seed money, the next logical step is to start with developing a Master Plan, preliminary Concept Development, and a Feasibility Study. This will provide the foundational documents for your planning and will provide you with the facts and data that will become the key elements of your business plan.
A feasibility study comprises two main parts: (1) a market study that will analyze and report on your market conditions, both local and tourist, the competition, the fit for your concept in your market, attendance patterns, etc.: and (2) the preliminary pro form financial data projections of: (a) capital spending projections; (b) operating costs, and (c) the financial analysis of your project. This information is crucial in preparing your business plan, and is essential in order to make realistic decisions regarding your project.
This is always a major hurdle to overcome. In general all capital projects will need funding from a financial institution. Venture capital firms, and even private investors, rarely will carry the complete financial burden. Banks and other major lenders will always insist on a business plan that includes, at least, the following:
  • a feasibility study
  • professionally prepared concept development
  • a design program
  • a preliminary master plan
  • capital budget
  • operating budget
  • highly qualified management team
Luckily the CTG team and its affiliated partners and can create any or all of these items for you; but doing all the work required on these initial items will require some seed money.
Please contact us (info@ctg-ny.com) for a free initial consultation to discuss your proposed project and seed money requirements. But you should bear in mind that the amount of seed money is dependent upon the scope of your project. The larger the scope of your project, the more detail your financial institutions and investors will demand.
Getting financial institutions to provide funding for capital projects is a very challenging undertaking. Financial institutions, and other investors are more cautious than ever in investing capital in new businesses or ventures. CTG can assist you in packaging the necessary documentation to provide answers to investors' questions, which will usually include:
  • Do you have a project or well-developed concept that is unique to the market place?
  • Can you clearly identify your competition and explain how your proposed project competes in the market place?
  • Can you profile your customers and explain how your project can satisfy their needs?
  • What is your current ownership structure and details of your company's legal structure?
  • Do you have a business plan that will support your business vision, goals, costs and return on investment (ROI) that is credible?
  • Do you have a management team that can successfully execute your business plan and that has the credentials to support the project?
  • Do you have protected IP (Intellectual Property), and is it protected on a national and/or international basis?
  • Have you acquired and managed the first round of funding (seed money or seed capital) which would cover the earliest discovery phases of your project. In many cases, if major investors see that you have put money in your project, they tend to be more willing to seriously consider your opportunity for investment.
  • Do you have a sound record of credit-worthiness as indicated by your credit report, work history, and letters of recommendation?
  • What is your exit strategy? Are you looking to sell the company after a period of time, or are you considering making the company a publicly traded company? The investors will want to know that they can realize a fair ROI in a reasonable amount of time with minimal risk.
It depends on the type of project but we will help you every step of the way in your efforts to raise funding.
Yes, our team is prepared to work, and has worked, in many countries around the world.
We sometimes join with clients, at their request, in various partnership arrangements.