Market Research Report

Abrasive Blast Cleaning Service opportunities in Hartford, CT
$53,999 Potential Yearly Earnings What's this number?
$177,892 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 $177,892.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $269,996 $404,994 $539,992 $558,987 $578,650
Net Costs $242,996 $364,495 $485,993 $503,088 $520,785
Net Operating Profits $27,000 $40,499 $53,999 $55,899 $57,865
Capital
      Startup Cost -$58,751
      Terminal Value $173,595
Net Cash Flow -$58,751 $27,000 $40,499 $53,999 $55,899 $231,460

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 Hartford.

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

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  About Hartford and its Consumers

Hartford is the capital of the U.S. state of Connecticut and the historic seat of Hartford County until Connecticut disbanded county government in 1960. As of the 2010 Census, Hartford's population was 124,775,making it Connecticut's fourth-largest city after the coastal cities of Bridgeport, New Haven, and Stamford. Nicknamed the "Insurance Capital of the World", Hartford houses many insurance company headquarters, and insurance remains the region's major industry.[2] Almost 400 years old, Hartford is among the oldest cities in the United States. Following theAmerican Civil War, Hartford was the wealthiest city in the United States for several decades.In 1868, resident Mark Twain wrote before he died, "Of all the beautiful towns it has been my fortune to see this is the chief."Today, Hartford is one of the poorest cities in the nation with 3 out of every 10 families living below the poverty line.

Hartford is the capital of the U.S. state of Connecticut and the historic seat of Hartford County until Connecticut disbanded county government in 1960. As of the 2010 Census, Hartford's population was 124,775,making it Connecticut's fourth-largest city after the coastal cities of Bridgeport, New Haven, and Stamford. Nicknamed the "Insurance Capital of the World", Hartford houses many...

description source
  • Population
    Population (2012) 124,893
    Population Density 7,185 ppl/sq mi
    Population Growth Rate 0.1%
    Median Income $29,169
    Median Age 29.8
    Unemployment 16.1%
    Family Household Percent 59.3%
    Avg. Household Size 2.6
    Avg. House Price $171,300
    Foreign Born 21.1%
    Married 54.8%
    Cost of Living 57.1%
  • Average Temperature
    January 26.1°F -3.3°C
    February 29.7°F -1.3°C
    March 37.8°F 3.2°C
    April 49.4°F 9.7°C
    May 59.5°F 15.3°C
    June 68.5°F 20.3°C
    July 73.6°F 23.1°C
    August 71.9°F 22.2°C
    September 63.8°F 17.7°C
    October 52.1°F 11.2°C
    November 42.4°F 5.8°C
    December 31.6°F -0.2°C
  • Demographics
    White 46.1%
    Hispanic / Latino 16.5%
    Black / African American 33.4%
    Asian 1.9%
    Native American 0.1%

  Market & Regulatory Conditions For Connecticut

Third parties rate Connecticut'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 C
    Cost of hiring a new employee C
    Overall regulatory friendliness D+
    Friendliness of health and safety regulations C+
    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 C+
    Publicity of training programs C-
    Publicity of networking programs D
    Current economic health of small business 45th/50
    Change in revenue over past 12 months 44th/50
    Forecast of small business's future economic health 37th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 46th/50
    Cost of Doing Business 47th/50
    Economy 49th/50
    Infrastructure 42th/50
    Workforce 32th/50
    Quality of life 14th/50
    Technology and innovation 21th/50
    Business friendliness 24th/50
    Education 5th/50
    Cost of living 48th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Connecticut Corporate Tax Rate 6.4%
    Avg Local Corporate Tax Rate in Connecticut 0.0%
    Avg Combined Corporate Tax Rate 6.4%
    Overall tax friendliness 42th/50
    Corporate tax rank 32th/50
    Individual income tax rank 34th/50
    Sales tax rank 31th/50
    Unemployment insurance tax rank 20th/50
    Property tax rank 49th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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