Market Research Report

Abrasive Blast Cleaning Service opportunities in Greensboro, NC
$32,722 Potential Yearly Earnings What's this number?
$108,015 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.2 years with a net present value of $108,015.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $163,610 $245,416 $327,221 $341,619 $356,650
Net Costs $147,249 $220,874 $294,499 $307,457 $320,985
Net Operating Profits $16,361 $24,542 $32,722 $34,162 $35,665
Capital
      Startup Cost -$36,744
      Terminal Value $106,995
Net Cash Flow -$36,744 $16,361 $24,542 $32,722 $34,162 $142,660

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.

Financial Parameters

Change these parameters to customize your financial model

  Statistical Analysis
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 Greensboro.

  1. median income
  2. gross rent
  3. population density
  4. July temperature
  5. land area
  6. November temperature
  7. household size
  8. May temperature
  9. black
  10. white

  Competitors

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.

Saint-Gobain Abrasives Regional Competitor
200 Centreport Dr Greensboro, NC 27409

Sunbelt Abrasives Inc Local Competitor
1507 Bethel Dr High Point, NC 27260

Shelley's Testing Local Competitor
123 N Main St High Point, NC 27260

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  About Greensboro and its Consumers

69 69

Greensboro (formerly Greensborough) is a city in the U.S. state of North Carolina.It is the third-largest city by population in North Carolina and the largest city in Guilford County and the surrounding Piedmont Triad metropolitan region. According to the 2012 U.S. Census Estimate, Greensboro's population is 277,080. It is located at the intersection of three major interstate highways (Interstate 85, Interstate 40 and Interstate 73) in the Piedmont region of central North Carolina. The Greensboro economy and the surrounding Piedmont Triad area, traditionally has been centered around textiles, tobacco, and furniture. Greensboro's central proximity in the state has made it a popular place for families and businesses, as well as becoming more of a logistical hub with FedEx having regional operations based in the city. Notable companies headquartered in Greensboro include the Honda Aircraft Company, Lorillard Tobacco Company, Kayser-Roth, VF,Mack Trucks, Volvo Trucks of North America, RF Micro Devices, the International Textile Group, NewBridge Bank, The Fresh Market, Cook Out, Ham's, Biscuitville, Tripps, and Columbia Forest Products.

Greensboro (formerly Greensborough) is a city in the U.S. state of North Carolina.It is the third-largest city by population in North Carolina and the largest city in Guilford County and the surrounding Piedmont Triad metropolitan region. According to the 2012 U.S. Census Estimate, Greensboro's population is 277,080. It is located at the intersection of three major interstate highways...

description source
  • Population
    Population (2012) 277,080
    Population Density 2,190 ppl/sq mi
    Population Growth Rate 2.7%
    Median Income $39,637
    Median Age 33.9
    Unemployment 9.2%
    Family Household Percent 56.6%
    Avg. Household Size 2.3
    Avg. House Price $151,300
    Foreign Born 9.3%
    Married 39.4%
    Cost of Living 48.6%
  • Average Temperature
    January 38.9°F 3.8°C
    February 42.4°F 5.8°C
    March 50.0°F 10.0°C
    April 58.8°F 14.9°C
    May 66.8°F 19.3°C
    June 75.1°F 23.9°C
    July 78.5°F 25.8°C
    August 77.1°F 25.1°C
    September 70.2°F 21.2°C
    October 59.5°F 15.3°C
    November 50.2°F 10.1°C
    December 41.3°F 5.2°C
  • Demographics
    White 45.3%
    Hispanic / Latino 7.3%
    Black / African American 40.3%
    Asian 3.4%
    Native American 0.5%

  Market & Regulatory Conditions For North Carolina

Third parties rate North Carolina's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness C+
    Ease of starting a small business C
    Cost of hiring a new employee A-
    Overall regulatory friendliness C-
    Friendliness of health and safety regulations C
    Friendliness of employment, labor, and hiring regulations D
    Friendliness of tax code D+
    Friendliness of licensing regulations C
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs D
    Publicity of networking programs C+
    Current economic health of small business 27th/50
    Change in revenue over past 12 months 25th/50
    Forecast of small business's future economic health 22th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 5th/50
    Cost of Doing Business 23th/50
    Economy 4th/50
    Infrastructure 21th/50
    Workforce 4th/50
    Quality of life 34th/50
    Technology and innovation 12th/50
    Business friendliness 19th/50
    Education 33th/50
    Cost of living 14th/50
    Access to capital 17th/50
    Source: CNBC (2014)
  • Tax Friendliness
    North Carolina Corporate Tax Rate 4.8%
    Avg Local Corporate Tax Rate in North Carolina 2.2%
    Avg Combined Corporate Tax Rate 6.9%
    Overall tax friendliness 16th/50
    Corporate tax rank 25th/50
    Individual income tax rank 15th/50
    Sales tax rank 33th/50
    Unemployment insurance tax rank 11th/50
    Property tax rank 29th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

The following cities have the highest PYE for Abrasive Blast Cleaning Service within 500 miles of Greensboro based on a number of market characteristics. See More Results

The following businesse types have the highest PYE in Greensboro. See More Results