Market Research Report
Based on the parameters below, we project this business would break even in 10.1 years with a net present value of -$5,599.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$4,485||$6,727||$8,970||$9,382||$9,814|
|Net Cash Flow||-$45,365||$4,485||$6,727||$8,970||$9,382||$39,255|
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 El Monte.
- median income
- gross rent
- population density
- household size
- July temperature
- November temperature
- family households
- May temperature
- February temperature
- median resident age
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.
Media Blast & Abrasives
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Media Blast & Abrasives Inc
5126 Chakemco St South Gate, CA 90280
A-1 Abrasive Blasting
115 Nevada St El Segundo, CA 90245
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 El Monte and its Consumers
El Monte is a residential, industrial, and commercial city in Los Angeles County of Southern California, the United States. The city lies in the San Gabriel Valley east of the city of Los Angeles. El Monte's slogan is "Welcome to Friendly El Monte, The safest city in all of California" and historically is known as "The End of the Santa Fe Trail." As of the 2010 census, the city had a total population of 113,475, down from 115,965 at the 2000 census. As of 2010, El Monte is the 228th largest city in the United States, and is the 51st largest city in California. According to the United States Census Bureau, the city has a total area of 9.6 square miles (25 km2), of which, 9.6 square miles (25 km2) of it is land and 0.1 square miles (0.26 km2) of it (0.89%) is water. El Monte is credited with being the birthplace of TV variety shows. Hometown Jamboree, a KTLA-TV Los Angeles-based show, was actually produced at the American Legion Stadium in El Monte, California in the 1950s. The Saturday night stage show was hosted and produced by Cliffie Stone, who helped popularize country music in California.
El Monte is a residential, industrial, and commercial city in Los Angeles County of Southern California, the United States. The city lies in the San Gabriel Valley east of the city of Los Angeles. El Monte's slogan is "Welcome to Friendly El Monte, The safest city in all of California" and historically is known as "The End of the Santa Fe Trail." As of the 2010 census, the city had a total...description source
Population Population (2012) 115,111 Population Density 12,038 ppl/sq mi Population Growth Rate 1.4% Median Income $33,829 Median Age 32.8 Unemployment 13.4% Family Household Percent 83.9% Avg. Household Size 4.0 Avg. House Price $331,600 Foreign Born 55.7% Married 37.1% Cost of Living 70.3%
Demographics White 4.9% Hispanic / Latino 69.0% Black / African American 0.4% Asian 24.9% Native American 0.1%
Market & Regulatory Conditions For California
Third parties rate California's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness F Ease of starting a small business D Cost of hiring a new employee C- Overall regulatory friendliness F Friendliness of health and safety regulations F Friendliness of employment, labor, and hiring regulations F Friendliness of tax code F Friendliness of licensing regulations F Friendliness of environmental regulations D Friendliness of zoning regulations D Publicity of training programs C- Publicity of networking programs D+ Current economic health of small business 40th/50 Change in revenue over past 12 months 40th/50 Forecast of small business's future economic health 35th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 32th/50 Cost of Doing Business 48th/50 Economy 9th/50 Infrastructure 24th/50 Workforce 36th/50 Quality of life 23th/50 Technology and innovation 1th/50 Business friendliness 48th/50 Education 26th/50 Cost of living 47th/50 Access to capital 1th/50Source: CNBC (2014)
Tax Friendliness California Corporate Tax Rate 7.5% Avg Local Corporate Tax Rate in California 0.9% Avg Combined Corporate Tax Rate 8.4% Overall tax friendliness 48th/50 Corporate tax rank 34th/50 Individual income tax rank 50th/50 Sales tax rank 42th/50 Unemployment insurance tax rank 14th/50 Property tax rank 14th/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.