Market Research Report
Based on the parameters below, we project this business would break even in 3.1 years with a net present value of $63,821.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$10,884||$16,325||$21,767||$23,077||$24,466|
|Net Cash Flow||-$34,149||$10,884||$16,325||$21,767||$23,077||$97,863|
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 Paso.
- 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.
AquaBlast Pool Tile Cleaning
11325 Loma Linda Cir El Paso, TX 79934
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About El Paso and its Consumers
El Paso is located in the Chihuahuan Desert of extreme western Texas, along the Rio Grande River. It adjoins both the state of New Mexico and the country of Mexico with the Franklin Mountains, the southern tip of the Rockies, slicing El Paso nearly in two. With its classic Western geography and because it shares a an international border with Ciudad Juarez, Mexico's rich culture pervades everything in El Paso, from its art and architecture to its celebrations and cuisine. El Paso's area is 248 square miles, making it the fourth largest city in Texas, and 22nd in size in the United States. It is the nation's third fastest growing metropolitan area. El Paso is midway between Los Angeles and Houston. El Paso is in the Mountain Time Zone. Shielded by mountains on three sides, the dual cities of El Paso and Juárez, on the Mexican side, are rewarded with more than 200 days clear days of sunshine annually and a dry climate, making it possible to enjoy most outdoor activities year-round.
El Paso is located in the Chihuahuan Desert of extreme western Texas, along the Rio Grande River. It adjoins both the state of New Mexico and the country of Mexico with the Franklin Mountains, the southern tip of the Rockies, slicing El Paso nearly in two. With its classic Western geography and because it shares a an international border with Ciudad Juarez, Mexico's rich culture pervades...description source
Population Population (2012) 672,538 Population Density 2,634 ppl/sq mi Population Growth Rate 3.6% Median Income $40,702 Median Age 32.3 Unemployment 8.6% Family Household Percent 74.7% Avg. Household Size 3.0 Avg. House Price $120,200 Foreign Born 24.4% Married 29.5% Cost of Living 44.0%
Demographics White 14.9% Hispanic / Latino 80.3% Black / African American 2.7% Asian 1.2% Native American 0.2%
Market & Regulatory Conditions For Texas
Third parties rate Texas'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 B+ 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 C+ Publicity of networking programs C Current economic health of small business 13th/50 Change in revenue over past 12 months 29th/50 Forecast of small business's future economic health 17th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 2th/50 Cost of Doing Business 23th/50 Economy 1th/50 Infrastructure 1th/50 Workforce 11th/50 Quality of life 37th/50 Technology and innovation 2th/50 Business friendliness 20th/50 Education 27th/50 Cost of living 18th/50 Access to capital 5th/50Source: CNBC (2014)
Tax Friendliness Texas Corporate Tax Rate 6.3% Avg Local Corporate Tax Rate in Texas 1.9% Avg Combined Corporate Tax Rate 8.2% Overall tax friendliness 10th/50 Corporate tax rank 39th/50 Individual income tax rank 6th/50 Sales tax rank 36th/50 Unemployment insurance tax rank 15th/50 Property tax rank 36th/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.