Market Research Report
Based on the parameters below, we project this business would break even in 2.6 years with a net present value of $64,572.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$10,436||$15,654||$20,872||$21,604||$22,361|
|Net Cash Flow||-$26,884||$10,436||$15,654||$20,872||$21,604||$89,444|
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 Jackson.
- median income
- gross rent
- population density
- July temperature
- land area
- November temperature
- household size
- May temperature
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.
Oliver H Van Horn
451 N Gallatin St Jackson, MS 39203
Hue Pots Joes
130 Old Jackson Rd Madison, MS 39110
Schaffner Mfg Company
4643 Medgar Evers Blvd Jackson, MS 39213
Serving the Jackson Area.
Sounds New Mississippi
167 Briarwood Dr Jackson, MS 39206
TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
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About Jackson and its Consumers
Jackson is the capital and since 1944 the largest city of the U.S. state of Mississippi. Located south of the Yazoo River, it is considered to be at the southern border of the Mississippi Delta and is one of two county seats of Hinds County, with the city of Raymond being the other. The city, the anchor for its metro area, is named after Andrew Jackson, who was honored for his role in the Battle of New Orleans and later was elected as US president. The current slogan for the city is "Jackson, Mississippi: City with Soul."It has had numerous musicians prominent in blues, gospel and jazz, and was known for decades for its illegal nightclubs on the Gold Coast; one site has been designated for the Mississippi Blues Trail. It had a decline in population from 184,256 at the 2000 census to 173,514 at the 2010 census. The 2010 census ascribed a population of 539,057 to the five-county Jackson metropolitan area.The city is ranked third as the best "Bang For Your Buck" city among the United States' 100 largest metro areas, according to Forbes magazine.The study measured overall affordability in living costs, housing rates, and more.
Jackson is the capital and since 1944 the largest city of the U.S. state of Mississippi. Located south of the Yazoo River, it is considered to be at the southern border of the Mississippi Delta and is one of two county seats of Hinds County, with the city of Raymond being the other. The city, the anchor for its metro area, is named after Andrew Jackson, who was honored for his role in the...description source
Population Population (2012) 175,437 Population Density 1,579 ppl/sq mi Population Growth Rate 1.1% Median Income $31,370 Median Age 31.3 Unemployment 8.4% Family Household Percent 63.7% Avg. Household Size 2.6 Avg. House Price $86,700 Foreign Born 1.7% Married 47.0% Cost of Living 44.9%
Demographics White 18.0% Hispanic / Latino 1.6% Black / African American 79.1% Asian 0.4% Native American 0.1%
Market & Regulatory Conditions For Mississippi
Third parties rate Mississippi'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 B+ 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 B+ Friendliness of zoning regulations B+ Publicity of training programs F Publicity of networking programs F Current economic health of small business 25th/50 Change in revenue over past 12 months 36th/50 Forecast of small business's future economic health 36th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 36th/50 Cost of Doing Business 4th/50 Economy 26th/50 Infrastructure 31th/50 Workforce 17th/50 Quality of life 38th/50 Technology and innovation 47th/50 Business friendliness 49th/50 Education 48th/50 Cost of living 6th/50 Access to capital 31th/50Source: CNBC (2014)
Tax Friendliness Mississippi Corporate Tax Rate 7.0% Avg Local Corporate Tax Rate in Mississippi 0.0% Avg Combined Corporate Tax Rate 7.0% Overall tax friendliness 18th/50 Corporate tax rank 11th/50 Individual income tax rank 21th/50 Sales tax rank 28th/50 Unemployment insurance tax rank 8th/50 Property tax rank 33th/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.