Market Research Report

Abrasive Blast Cleaning Service opportunities in Newark, NJ
$62,419 Potential Yearly Earnings What's this number?
$198,446 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.4 years with a net present value of $198,446.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $312,096 $468,144 $624,192 $646,002 $668,574
Net Costs $280,886 $421,330 $561,773 $581,402 $601,717
Net Operating Profits $31,210 $46,814 $62,419 $64,600 $66,857
Capital
      Startup Cost -$75,028
      Terminal Value $200,572
Net Cash Flow -$75,028 $31,210 $46,814 $62,419 $64,600 $267,430

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 Newark.

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

Atlas Disposal Options Inc. Regional Competitor
311 E Blackwell St Dover, NJ 07801

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  About Newark and its Consumers

Newark is Largest city in New Jersey. Not as shitty as everyone thinks it is. Many of the people need to control their guns though. Downtown as a lot a buildings and soon will have the new Newark Arena for the Devils NHL Team. Newark has four colleges. NJIT, Rutgers, Essex County College, and UMDNJ. Also has one of the busiest airports in the world, and its own little subway system. 3rd oldest city in the U.S. behind Boston and New York City. The butt of many jokes nationwide and on Television shows, because many writers and comedians are orginally from there. Pronounced "Noork" by residents. Historically, a great city second only to New York, but in the last one-hundred years experienced a sharp decline, due to poor municipal planning and the 1967 riots, from which it has never recovered. See white flight and urban blight. It is broken into five distinctive wards, the central ward, the north ward, the south ward,see Weequahic, east ward see ironbound and the west ward, see vailsburg.

Newark is Largest city in New Jersey. Not as shitty as everyone thinks it is. Many of the people need to control their guns though. Downtown as a lot a buildings and soon will have the new Newark Arena for the Devils NHL Team. Newark has four colleges. NJIT, Rutgers, Essex County College, and UMDNJ. Also has one of the busiest airports in the world, and its own little subway system. 3rd oldest...

description source
  • Population
    Population (2012) 277,727
    Population Density 11,482 ppl/sq mi
    Population Growth Rate 0.2%
    Median Income $31,731
    Median Age 32.4
    Unemployment 14.2%
    Family Household Percent 65.2%
    Avg. Household Size 2.8
    Avg. House Price $243,200
    Foreign Born 27.7%
    Married 50.4%
    Cost of Living 63.0%
  • Average Temperature
    January 31.6°F -0.2°C
    February 34.6°F 1.4°C
    March 42.1°F 5.6°C
    April 52.8°F 11.6°C
    May 62.7°F 17.1°C
    June 72.4°F 22.4°C
    July 77.4°F 25.2°C
    August 75.8°F 24.3°C
    September 68.2°F 20.1°C
    October 56.6°F 13.7°C
    November 46.8°F 8.2°C
    December 36.5°F 2.5°C
  • Demographics
    White 11.8%
    Hispanic / Latino 33.0%
    Black / African American 49.7%
    Asian 1.6%
    Native American 0.2%

  Market & Regulatory Conditions For New Jersey

Third parties rate New Jersey'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 B+
    Overall regulatory friendliness C
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code C+
    Friendliness of licensing regulations C
    Friendliness of environmental regulations D+
    Friendliness of zoning regulations D
    Publicity of training programs B+
    Publicity of networking programs C
    Current economic health of small business 38th/50
    Change in revenue over past 12 months 43th/50
    Forecast of small business's future economic health 43th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 43th/50
    Cost of Doing Business 43th/50
    Economy 47th/50
    Infrastructure 47th/50
    Workforce 23th/50
    Quality of life 18th/50
    Technology and innovation 15th/50
    Business friendliness 37th/50
    Education 4th/50
    Cost of living 44th/50
    Access to capital 11th/50
    Source: CNBC (2014)
  • Tax Friendliness
    New Jersey Corporate Tax Rate 7.0%
    Avg Local Corporate Tax Rate in New Jersey 0.0%
    Avg Combined Corporate Tax Rate 7.0%
    Overall tax friendliness 50th/50
    Corporate tax rank 41th/50
    Individual income tax rank 48th/50
    Sales tax rank 48th/50
    Unemployment insurance tax rank 32th/50
    Property tax rank 50th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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