Market Research Report

Abrasive Blast Cleaning Service opportunities in High Point, NC
$49,949 Potential Yearly Earnings What's this number?
$174,915 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $174,915.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $249,744 $374,616 $499,488 $521,465 $544,410
Net Costs $224,770 $337,154 $449,539 $469,319 $489,969
Net Operating Profits $24,974 $37,462 $49,949 $52,147 $54,441
Capital
      Startup Cost -$46,053
      Terminal Value $163,323
Net Cash Flow -$46,053 $24,974 $37,462 $49,949 $52,147 $217,764

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 High Point.

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

  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

Elite Boxx Local Competitor
113 W Innes St Salisbury, NC 28144

  Suppliers & Service Providers Contact List

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  About High Point and its Consumers

High Point is located in Guilford County and is part of the Piedmont Triad. The city is referred to as the "Furniture Capital of the World," which is attributed to the substantial amount of furniture manufacturers and the High Point Market which is recognized as the world's biggest furnishings industry trade fair. The semi-annual market typically brings in over 100,000 exhibitors and buyers from all over the world. The city is also known for producing buses. The early settlers in the region were primarily Quakers and Germans. Beginning with the mid-eighteenth century, High Point served as a refuge for Pennsylvania Quakers. Due to its convenient location and the arrival of the North Carolina Railroad, it became a prominent manufacturing center. The city was incorporated in 1859. During 1889 the town's first furniture making facility was opened. Textiles, tobacco and woodworking were also significant factors for the economy. The city was known for it's attractive architecture and the impressive homes of wealthy industrialists.

High Point is located in Guilford County and is part of the Piedmont Triad. The city is referred to as the "Furniture Capital of the World," which is attributed to the substantial amount of furniture manufacturers and the High Point Market which is recognized as the world's biggest furnishings industry trade fair. The semi-annual market typically brings in over 100,000 exhibitors and buyers...

description source
  • Population
    Population (2012) 106,586
    Population Density 1,981 ppl/sq mi
    Population Growth Rate 2.1%
    Median Income $40,693
    Median Age 35.5
    Unemployment 9.7%
    Family Household Percent 64.5%
    Avg. Household Size 2.5
    Avg. House Price $147,200
    Foreign Born 10.4%
    Married 30.8%
    Cost of Living 48.3%
  • Average Temperature
    January 40.7°F 4.8°C
    February 44.4°F 6.9°C
    March 51.7°F 10.9°C
    April 60.7°F 15.9°C
    May 68.2°F 20.1°C
    June 76.0°F 24.4°C
    July 79.0°F 26.1°C
    August 78.0°F 25.6°C
    September 71.5°F 21.9°C
    October 61.1°F 16.2°C
    November 51.8°F 11.0°C
    December 42.8°F 6.0°C
  • Demographics
    White 50.4%
    Hispanic / Latino 8.5%
    Black / African American 32.6%
    Asian 6.0%
    Native American 0.4%

  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 High Point based on a number of market characteristics. See More Results

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