Market Research Report

Abrasive Blast Cleaning Service opportunities in Odessa, TX
$16,571 Potential Yearly Earnings What's this number?
$32,410 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 5.1 years with a net present value of $32,410.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $82,854 $124,280 $165,707 $175,679 $186,250
Net Costs $74,568 $111,852 $149,136 $158,111 $167,625
Net Operating Profits $8,285 $12,428 $16,571 $17,568 $18,625
Capital
      Startup Cost -$42,172
      Terminal Value $55,875
Net Cash Flow -$42,172 $8,285 $12,428 $16,571 $17,568 $74,500

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 Odessa.

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

  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.

Clemtex Inc, Regional Competitor
Serving the Odessa Area.

M & M Sales & Equipment Local Competitor
2639 Kermit Hwy Odessa, TX 79763

Jd Sales Inc Local Competitor
2317 Field St Ste L Odessa, TX 79761

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  About Odessa and its Consumers

Odessa is a city in and the county seat of Ector County, Texas, United States. It is located primarily in Ector County, although a small portion of the city extends into Midland County. [4] Odessa's population was 99,940 at the 2010 census making it the 31st-most populous city in Texas.[5] It is the principal city of the Odessa, Texas Metropolitan Statistical Area, which includes all of Ector County. The metropolitan area is also a component of the larger Midland–Odessa combined statistical area, which had a population of 266,941 as of July 1, 2009, estimate. Odessa is located along the southwestern edge of the Llano Estacado in West Texas. It is situated above the Permian Basin, a large sedimentary deposit that contains significant reserves of oil and natural gas. According to the United States Census Bureau, the city has a total area of 36.9 square miles (96 km2), 36.8 square miles (95 km2) of it is land and 0.1 square miles (0.26 km2) of it (0.19%) is covered by water.

Odessa is a city in and the county seat of Ector County, Texas, United States. It is located primarily in Ector County, although a small portion of the city extends into Midland County. [4] Odessa's population was 99,940 at the 2010 census making it the 31st-most populous city in Texas.[5] It is the principal city of the Odessa, Texas Metropolitan Statistical Area, which includes all of Ector...

description source
  • Population
    Population (2012) 106,102
    Population Density 2,528 ppl/sq mi
    Population Growth Rate 6.2%
    Median Income $50,687
    Median Age 31.2
    Unemployment 4.1%
    Family Household Percent 68.8%
    Avg. Household Size 2.7
    Avg. House Price $100,000
    Foreign Born 10.2%
    Married 29.2%
    Cost of Living 43.6%
  • Average Temperature
    January 45.1°F 7.3°C
    February 50.1°F 10.1°C
    March 57.3°F 14.1°C
    April 66.7°F 19.3°C
    May 75.2°F 24.0°C
    June 82.1°F 27.8°C
    July 83.0°F 28.3°C
    August 82.6°F 28.1°C
    September 76.1°F 24.5°C
    October 66.3°F 19.1°C
    November 55.1°F 12.8°C
    December 46.5°F 8.1°C
  • Demographics
    White 40.3%
    Hispanic / Latino 51.6%
    Black / African American 5.9%
    Asian 0.5%
    Native American 0.3%

  Market & Regulatory Conditions For Texas

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

  • Small-Business Friendliness
    Overall small business friendliness A+
    Ease of starting a small business A
    Cost of hiring a new employee B+
    Overall regulatory friendliness A
    Friendliness of health and safety regulations A-
    Friendliness of employment, labor, and hiring regulations A
    Friendliness of tax code A
    Friendliness of licensing regulations A
    Friendliness of environmental regulations A-
    Friendliness of zoning regulations A
    Publicity of training programs C+
    Publicity of networking programs C
    Current economic health of small business 13th/50
    Change in revenue over past 12 months 29th/50
    Forecast of small business's future economic health 17th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 2th/50
    Cost of Doing Business 23th/50
    Economy 1th/50
    Infrastructure 1th/50
    Workforce 11th/50
    Quality of life 37th/50
    Technology and innovation 2th/50
    Business friendliness 20th/50
    Education 27th/50
    Cost of living 18th/50
    Access to capital 5th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Texas Corporate Tax Rate 6.3%
    Avg Local Corporate Tax Rate in Texas 1.9%
    Avg Combined Corporate Tax Rate 8.2%
    Overall tax friendliness 10th/50
    Corporate tax rank 39th/50
    Individual income tax rank 6th/50
    Sales tax rank 36th/50
    Unemployment insurance tax rank 15th/50
    Property tax rank 36th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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