Market Research Report
Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $263,784.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$37,507||$56,261||$75,014||$78,483||$82,111|
|Net Cash Flow||-$68,863||$37,507||$56,261||$75,014||$78,483||$328,445|
Startup costs are estimated as the larger of PYE and median income multiplied by the cost of living in the city. The positive cash flows in years 1 to 5 are estimated from the PYE. The first year is discounted by 50%, the second year is discounted by 75%, the fourth through tenth years are inflated according to a growth rate estimated from the GDP growth rate of the state. The profit margin is defaulted 10%. In year 5 a “terminal value” equal to the year 5 net operating income times three is added. The hurdle rate is defaulted to 15%. All values are net of taxes.
How is this opportunity calculated?
The following ten market factors are the most important determinants used to calculate the need for businesses of this type in Boise.
- median income
- gross rent
- population density
- July temperature
- land area
- household size
- November temperature
- May temperature
- family households
Abrasive blast cleaning businesses can provide a range of services, from surface contaminant removal and cleaning, to the preparation and finishing of many different types of surfaces.
4301 S Federal Way Boise, ID 83716
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About Boise and its Consumers
Boise, Idaho, the state capital, is the largest city in Idaho and the center of commerce and politics for the state. It is located in the foothills of the Rocky Mountains, and residents enjoy many outdoor activities from skiing to boating. The terrain surrounding the city is very mixed and includes desert, rivers, mountains, and lakes. Boise State University is found in the city and has over 15,000 students. Boise has a population of around 185,000 and the downtown area is at an elevation of 2704 feet. There are a number of large corporations that call Boise home, including Albertsons, Micron Technology, and Hewlett-Packard. Boise is known as the regional hub for music and performing arts. Jazz is big here, with the Gene Harris Jazz Festival happening every spring. A range of museums provide something for every art lover and history buff, including the Boise Art Museum, Idaho Historical Museum, Basque Museum and Cultural Center, and the Discovery Center of Idaho. Theater is also popular in Boise with a number of theater groups working in the city.
Boise, Idaho, the state capital, is the largest city in Idaho and the center of commerce and politics for the state. It is located in the foothills of the Rocky Mountains, and residents enjoy many outdoor activities from skiing to boating. The terrain surrounding the city is very mixed and includes desert, rivers, mountains, and lakes. Boise State University is found in the city and has over...description source
Population Population (2012) 212,303 Population Density 2,675 ppl/sq mi Population Growth Rate 3.2% Median Income $41,474 Median Age 35.8 Unemployment 5.7% Family Household Percent 59.1% Avg. Household Size 2.4 Avg. House Price $169,700 Foreign Born 7.2% Married 32.6% Cost of Living 48.1%
Demographics White 83.5% Hispanic / Latino 8.5% Black / African American 1.2% Asian 3.3% Native American 0.3%
Market & Regulatory Conditions For Idaho
Third parties rate Idaho's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness A+ Ease of starting a small business A+ Cost of hiring a new employee D Overall regulatory friendliness A+ Friendliness of health and safety regulations A+ Friendliness of employment, labor, and hiring regulations A+ Friendliness of tax code A+ Friendliness of licensing regulations A+ Friendliness of environmental regulations A+ Friendliness of zoning regulations A+ Publicity of training programs A+ Publicity of networking programs A+ Current economic health of small business 9th/50 Change in revenue over past 12 months 28th/50 Forecast of small business's future economic health 7th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 16th/50 Cost of Doing Business 8th/50 Economy 42th/50 Infrastructure 34th/50 Workforce 8th/50 Quality of life 16th/50 Technology and innovation 41th/50 Business friendliness 6th/50 Education 45th/50 Cost of living 11th/50 Access to capital 21th/50Source: CNBC (2014)
Tax Friendliness Idaho Corporate Tax Rate 6.0% Avg Local Corporate Tax Rate in Idaho 0.0% Avg Combined Corporate Tax Rate 6.0% Overall tax friendliness 19th/50 Corporate tax rank 21th/50 Individual income tax rank 24th/50 Sales tax rank 22th/50 Unemployment insurance tax rank 46th/50 Property tax rank 3th/50Source: Tax Foundation (2015)
Resources to Get Started
Now that you have a potential location and idea for your business, here is a list of helpful resources you may need to get started.