Market Research Report

Abrasive Blast Cleaning Service opportunities in North Las Vegas, NV
$73,860 Potential Yearly Earnings What's this number?
$259,000 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $259,000.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $369,299 $553,949 $738,598 $776,049 $815,400
Net Costs $332,369 $498,554 $664,738 $698,444 $733,860
Net Operating Profits $36,930 $55,395 $73,860 $77,605 $81,540
Capital
      Startup Cost -$70,093
      Terminal Value $244,620
Net Cash Flow -$70,093 $36,930 $55,395 $73,860 $77,605 $326,160

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 North Las Vegas.

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

  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.

Clean Works Mobile Media Blasting Regional Competitor
512 E Windmill Lane Suite #305 Las Vegas, NV 89123

Clean Works Blasting Services Local Competitor
5851 Fannine Way Las Vegas, NV 89130

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  About North Las Vegas and its Consumers

Northlasvegasnv Northlasvegasnv

North Las Vegas is a city in Clark County, Nevada, United States, located in the Las Vegas Valley. As of the 2010 census it had a population of 216,961, with an estimated population of 226,877 in 2013. The city was incorporated on May 16, 1946. It is located in the Las Vegas metropolitan area and is the third largest city in the state of Nevada. Located in the southwestern United States in the Mojave Desert, North Las Vegas sits north and east of Las Vegas. According to the United States Census Bureau, North Las Vegas has a total area of 101.4 square miles (262.6 km2), of which 0.04 square miles (0.1 km2), or 0.04%, is water. In the Las Vegas Valley, several mountain ranges are nearby.

North Las Vegas is a city in Clark County, Nevada, United States, located in the Las Vegas Valley. As of the 2010 census it had a population of 216,961, with an estimated population of 226,877 in 2013. The city was incorporated on May 16, 1946. It is located in the Las Vegas metropolitan area and is the third largest city in the state of Nevada. Located in the southwestern United States in the...

description source
  • Population
    Population (2012) 223,491
    Population Density 2,205 ppl/sq mi
    Population Growth Rate 3.0%
    Median Income $50,006
    Median Age 30.4
    Unemployment 11.3%
    Family Household Percent 76.2%
    Avg. Household Size 3.2
    Avg. House Price $124,200
    Foreign Born 23.0%
    Married 34.7%
    Cost of Living 49.8%
  • Average Temperature
    January 48.6°F 9.2°C
    February 52.1°F 11.2°C
    March 59.7°F 15.4°C
    April 66.3°F 19.1°C
    May 76.6°F 24.8°C
    June 85.2°F 29.6°C
    July 91.4°F 33.0°C
    August 89.7°F 32.1°C
    September 81.7°F 27.6°C
    October 69.5°F 20.8°C
    November 56.3°F 13.5°C
    December 47.2°F 8.4°C
  • Demographics
    White 31.4%
    Hispanic / Latino 42.6%
    Black / African American 17.3%
    Asian 3.5%
    Native American 0.04%

  Market & Regulatory Conditions For Nevada

Third parties rate Nevada's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness B+
    Ease of starting a small business B
    Cost of hiring a new employee D+
    Overall regulatory friendliness A-
    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 A
    Friendliness of zoning regulations A-
    Publicity of training programs D+
    Publicity of networking programs A
    Current economic health of small business 43th/50
    Change in revenue over past 12 months 42th/50
    Forecast of small business's future economic health 11th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 29th/50
    Cost of Doing Business 25th/50
    Economy 21th/50
    Infrastructure 19th/50
    Workforce 14th/50
    Quality of life 35th/50
    Technology and innovation 35th/50
    Business friendliness 22th/50
    Education 49th/50
    Cost of living 30th/50
    Access to capital 15th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Nevada Corporate Tax Rate 6.9%
    Avg Local Corporate Tax Rate in Nevada 1.1%
    Avg Combined Corporate Tax Rate 7.9%
    Overall tax friendliness 3th/50
    Corporate tax rank 1th/50
    Individual income tax rank 1th/50
    Sales tax rank 39th/50
    Unemployment insurance tax rank 43th/50
    Property tax rank 9th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

The following businesse types have the highest PYE in North Las Vegas. See More Results