Market Research Report
Based on the parameters below, we project this business would break even in 6.2 years with a net present value of $29,651.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$11,313||$16,969||$22,626||$23,515||$24,439|
|Net Cash Flow||-$69,940||$11,313||$16,969||$22,626||$23,515||$97,755|
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 Boston.
- median income
- gross rent
- population density
- July temperature
- household size
- land area
- November temperature
- May temperature
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.
2154 Massachusetts Ave Cambridge, MA 02140
80 Avalon Rd Reading, MA 01867
Mann Sales & Marketing
6 Pine Road Beverly, MA 01915
Greener Blast Technologies, Inc.
73 Progress Ave Tyngsboro, MA 01879
Walker Abrasive Services
37 Dogwood Ln Medway, MA 02053
TIP: Your market is dominated by regional chains. Consider entering the market with an independant business or a national franchise.
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About Boston and its Consumers
Boston is the capital and largest city of the state of Massachusetts , in the United States. Boston also serves as county seat of Suffolk County. The largest city in New England, the city proper, covering 48 square miles (124 km2), had an estimated population of 636,000 in 2012,making it the 24th largest city in the United States.The city is the anchor of a substantially larger metropolitan area called Greater Boston, home to 4.5 million people and the tenth-largest metropolitan area in the country.Greater Boston as a commuting region is home to 7.6 million people, making it the sixth-largest Combined Statistical Area in the United States. The area's many colleges and universities make Boston an international center of higher education and medicine, and the city is considered to be a world leader in innovation for a variety of reasons. Boston's economic base also includes finance,professional and business services, and government activities.The city has one of the highest costs of livingin the United States,though it remains high on world livability rankings.
Boston is the capital and largest city of the state of Massachusetts , in the United States. Boston also serves as county seat of Suffolk County. The largest city in New England, the city proper, covering 48 square miles (124 km2), had an estimated population of 636,000 in 2012,making it the 24th largest city in the United States.The city is the anchor of a substantially larger metropolitan...description source
Population Population (2012) 636,479 Population Density 13,183 ppl/sq mi Population Growth Rate 3.1% Median Income $49,081 Median Age 30.9 Unemployment 7.6% Family Household Percent 46.0% Avg. Household Size 2.3 Avg. House Price $364,300 Foreign Born 26.3% Married 55.0% Cost of Living 74.7%
Demographics White 46.0% Hispanic / Latino 18.4% Black / African American 22.7% Asian 9.1% Native American 0.2%
Market & Regulatory Conditions For Massachusetts
Third parties rate Massachusetts's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness D Ease of starting a small business D+ Cost of hiring a new employee C+ Overall regulatory friendliness D Friendliness of health and safety regulations D Friendliness of employment, labor, and hiring regulations D Friendliness of tax code D+ Friendliness of licensing regulations D Friendliness of environmental regulations D+ Friendliness of zoning regulations D+ Publicity of training programs C Publicity of networking programs A- Current economic health of small business 24th/50 Change in revenue over past 12 months 10th/50 Forecast of small business's future economic health 37th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 25th/50 Cost of Doing Business 46th/50 Economy 19th/50 Infrastructure 45th/50 Workforce 20th/50 Quality of life 7th/50 Technology and innovation 5th/50 Business friendliness 21th/50 Education 3th/50 Cost of living 45th/50 Access to capital 9th/50Source: CNBC (2014)
Tax Friendliness Massachusetts Corporate Tax Rate 6.3% Avg Local Corporate Tax Rate in Massachusetts 0.0% Avg Combined Corporate Tax Rate 6.3% Overall tax friendliness 24th/50 Corporate tax rank 37th/50 Individual income tax rank 13th/50 Sales tax rank 21th/50 Unemployment insurance tax rank 48th/50 Property tax rank 45th/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.