Market Research Report
Based on the parameters below, we project this business would break even in 13.5 years with a net present value of -$15,776.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$3,303||$4,954||$6,606||$6,838||$7,078|
|Net Cash Flow||-$44,724||$3,303||$4,954||$6,606||$6,838||$28,314|
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 New Haven.
- median income
- gross rent
- population density
- July temperature
- household size
- November temperature
- May temperature
- land area
- 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.
DC Abrasive Blasting Painting LLC
30 A Hultenius St. Plainville, CT 06062
Composition Materials Co Inc
249 Pepes Farm Rd Milford, CT 06460
Associated Chemicals & Abrasives
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TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
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About New Haven and its Consumers
New Haven is the second-largest city in Connecticut after Bridgeport with a population at the 2010 United States Census of 129,779 people. According to a census done by the Census Bureau as of July 1, 2012, the city had a population of 130,741. New Haven is the principal municipality in Greater New Haven, which had a total population of 862,477 in 2010. It is located onNew Haven Harbor on the northern shore of the Long Island Sound in New Haven County, which in turn comprises a part of theNew York metropolitan area. The city served as co-capital of Connecticut from 1701 until 1873, when sole governance was transferred to the more centrally-located city of Hartford. New Haven has since billed itself as the "Cultural Capital of Connecticut" for its supply of established theaters, museums, and music venues. New Haven had the first public tree planting program in America, producing a canopy of mature trees (including some large elms) that gave New Haven the nickname "The Elm City".
New Haven is the second-largest city in Connecticut after Bridgeport with a population at the 2010 United States Census of 129,779 people. According to a census done by the Census Bureau as of July 1, 2012, the city had a population of 130,741. New Haven is the principal municipality in Greater New Haven, which had a total population of 862,477 in 2010. It is located onNew Haven Harbor on the...description source
Population Population (2012) 130,741 Population Density 6,999 ppl/sq mi Population Growth Rate 0.7% Median Income $33,526 Median Age 30.1 Unemployment 12.4% Family Household Percent 53.8% Avg. Household Size 2.4 Avg. House Price $214,500 Foreign Born 16.1% Married 52.3% Cost of Living 70.0%
Demographics White 31.4% Hispanic / Latino 31.2% Black / African American 28.8% Asian 5.0% Native American 0.06%
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/50Source: 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/50Source: 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/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.