Market Research Report

Abrasive Blast Cleaning Service opportunities in Hollywood, FL
$78,575 Potential Yearly Earnings What's this number?
$259,999 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 $259,999.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $392,873 $589,310 $785,747 $820,828 $857,476
Net Costs $353,586 $530,379 $707,172 $738,745 $771,728
Net Operating Profits $39,287 $58,931 $78,575 $82,083 $85,748
Capital
      Startup Cost -$87,847
      Terminal Value $257,243
Net Cash Flow -$87,847 $39,287 $58,931 $78,575 $82,083 $342,990

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 Hollywood.

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

  Suppliers & Service Providers Contact List

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  About Hollywood and its Consumers

Hollywoodfl Hollywoodfl

Hollywood is a city in Broward County, Florida. As of the 2010 U.S. Census, it had a population of 140,768. Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the twelfth largest city in Florida. Hollywood is a principal city of theSouth Florida Metropolitan Area, which was home to 5,564,635 people at the 2010 census. According to the United States Census Bureau, the city has a total area of 30.8 square miles (80 km2). 27.34 square miles (71 km2) of it is land and 3.46 square miles (9 km2) of it is water (11.23%).[1] Hollywood is located in southeastern Broward County, and includes about 5 to 6 miles (8.0 to 9.7 km) of Atlantic Ocean beach, interrupted briefly by a portion deeded to Dania Beach. Prior to their dissolutions, Commodore Cruise Line and its subsidiary Crown Cruise Line had their headquarters in Hollywood. HEICO has its headquarters in Hollywood. Since 1991, the Invicta Watch Group, a manufacturer of timepieces and writing instruments, has had its headquarters in Hollywood where it also operates its customer service call center.

Hollywood is a city in Broward County, Florida. As of the 2010 U.S. Census, it had a population of 140,768. Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the twelfth largest city in Florida. Hollywood is a principal city of theSouth Florida Metropolitan Area, which was home to 5,564,635 people at the 2010 census. According to the United States Census Bureau, the...

description source
  • Population
    Population (2012) 145,236
    Population Density 5,307 ppl/sq mi
    Population Growth Rate 3.2%
    Median Income $42,494
    Median Age 41.4
    Unemployment 6.4%
    Family Household Percent 58.9%
    Avg. Household Size 2.4
    Avg. House Price $167,600
    Foreign Born 32.0%
    Married 31.8%
    Cost of Living 58.6%
  • Average Temperature
    January 67.0°F 19.4°C
    February 68.3°F 20.2°C
    March 70.8°F 21.6°C
    April 74.0°F 23.3°C
    May 77.9°F 25.5°C
    June 81.4°F 27.4°C
    July 82.8°F 28.2°C
    August 83.2°F 28.4°C
    September 81.9°F 27.7°C
    October 78.8°F 26.0°C
    November 73.9°F 23.3°C
    December 69.2°F 20.7°C
  • Demographics
    White 44.8%
    Hispanic / Latino 33.3%
    Black / African American 17.2%
    Asian 2.3%
    Native American 0.1%

  Market & Regulatory Conditions For Florida

Third parties rate Florida'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 C
    Overall regulatory friendliness B-
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code B+
    Friendliness of licensing regulations C+
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs C
    Publicity of networking programs C+
    Current economic health of small business 34th/50
    Change in revenue over past 12 months 35th/50
    Forecast of small business's future economic health 23th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 20th/50
    Cost of Doing Business 37th/50
    Economy 11th/50
    Infrastructure 27th/50
    Workforce 3th/50
    Quality of life 28th/50
    Technology and innovation 12th/50
    Business friendliness 35th/50
    Education 38th/50
    Cost of living 31th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Florida Corporate Tax Rate 6.0%
    Avg Local Corporate Tax Rate in Florida 0.6%
    Avg Combined Corporate Tax Rate 6.6%
    Overall tax friendliness 5th/50
    Corporate tax rank 14th/50
    Individual income tax rank 1th/50
    Sales tax rank 12th/50
    Unemployment insurance tax rank 3th/50
    Property tax rank 16th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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