Market Research Report
Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $300,101.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$42,888||$64,332||$85,776||$90,126||$94,696|
|Net Cash Flow||-$82,088||$42,888||$64,332||$85,776||$90,126||$378,782|
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 Henderson.
- 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.
Clean Works Mobile Media Blasting
512 E Windmill Lane Suite #305 Las Vegas, NV 89123
Clean Works Blasting Services
5851 Fannine Way Las Vegas, NV 89130
JMS Abrasive Blasting and Pressure Washing
Serving the Henderson Area.
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About Henderson and its Consumers
Henderson, officially the City of Henderson, is a city in Clark County, Nevada. It is the second largest city in Nevada, after Las Vegas, with an estimated population of 265,679 in 2012. The city is part of the Las Vegas metropolitan area, which spans the entire Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an elevation of approximately 1,330 feet (410 m). In 2011, Forbes magazine ranked Henderson as America's second safest city. Analysts attribute this to Henderson being an affluent city, with a high median income and amenities catering to local residents. Henderson has also been named as "One of the Best Cities to Live in America" by Bloomberg Businessweek. In 2014, Henderson was again ranked as one of the Top 10 "Safest Cities in the United States", by the FBI Uniform Crime Report. According to the United States Census Bureau, the city has a total area of 79.7 square miles (206 km2), all land.
Henderson, officially the City of Henderson, is a city in Clark County, Nevada. It is the second largest city in Nevada, after Las Vegas, with an estimated population of 265,679 in 2012. The city is part of the Las Vegas metropolitan area, which spans the entire Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an elevation of approximately 1,330 feet (410 m). In...description source
Population Population (2012) 265,679 Population Density 2,466 ppl/sq mi Population Growth Rate 3.1% Median Income $60,453 Median Age 40.4 Unemployment 9.0% Family Household Percent 67.3% Avg. Household Size 2.5 Avg. House Price $192,900 Foreign Born 11.1% Married 28.7% Cost of Living 50.2%
Demographics White 67.2% Hispanic / Latino 13.1% Black / African American 7.7% Asian 8.3% Native American 0.3%
Market & Regulatory Conditions For Nevada
Third parties rate Nevada's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness B+ Ease of starting a small business B Cost of hiring a new employee D+ Overall regulatory friendliness A- Friendliness of health and safety regulations B+ Friendliness of employment, labor, and hiring regulations B+ Friendliness of tax code A+ Friendliness of licensing regulations B Friendliness of environmental regulations A Friendliness of zoning regulations A- Publicity of training programs D+ Publicity of networking programs A Current economic health of small business 43th/50 Change in revenue over past 12 months 42th/50 Forecast of small business's future economic health 11th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 29th/50 Cost of Doing Business 25th/50 Economy 21th/50 Infrastructure 19th/50 Workforce 14th/50 Quality of life 35th/50 Technology and innovation 35th/50 Business friendliness 22th/50 Education 49th/50 Cost of living 30th/50 Access to capital 15th/50Source: CNBC (2014)
Tax Friendliness Nevada Corporate Tax Rate 6.9% Avg Local Corporate Tax Rate in Nevada 1.1% Avg Combined Corporate Tax Rate 7.9% Overall tax friendliness 3th/50 Corporate tax rank 1th/50 Individual income tax rank 1th/50 Sales tax rank 39th/50 Unemployment insurance tax rank 43th/50 Property tax rank 9th/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.