Market Research Report

Abrasive Blast Cleaning Service opportunities in Palm Bay, FL
$35,267 Potential Yearly Earnings What's this number?
$117,620 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.2 years with a net present value of $117,620.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $176,333 $264,499 $352,665 $368,410 $384,859
Net Costs $158,699 $238,049 $317,399 $331,569 $346,373
Net Operating Profits $17,633 $26,450 $35,267 $36,841 $38,486
Capital
      Startup Cost -$38,503
      Terminal Value $115,458
Net Cash Flow -$38,503 $17,633 $26,450 $35,267 $36,841 $153,944

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 Palm Bay.

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

Blast-A-Way Pressure Cleaning Local Competitor
4425 kumquat st cocoa, FL 32926

Tropical Blast Pressure Washing Local Competitor
Serving the Palm Bay Area.

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  About Palm Bay and its Consumers

The Florida city of Palm Bay is located in Brevard County, on the east Central Florida coast. The city is situated just 10 miles southwest of Melbourne, about 65 miles southeast of Orlando, and 180 miles north of Miami. Major highways near the city include Interstate I-95 and U.S. Route 192. Palm Bay's modern history traces back to 1959, when the Mackle brothers from Miami purchased land for a local residential project. Although the project had its stops and starts, it spurred the growth of industry and population in the area, leading to the incorporation of the city of Palm Bay in 1960. The city's first major industrial corporation, Radiation, Inc., later evolved into the Harris Corporation. Other industry soon followed, and the 1970's saw construction and expansion in the city. Palm Bay experienced enormous growth in the ensuing two decades, including the completion of a new municipal complex housing the city hall and police station. The city today continues to grow largely due to its proximity to the ocean and to other major areas of central and coastal Florida.

The Florida city of Palm Bay is located in Brevard County, on the east Central Florida coast. The city is situated just 10 miles southwest of Melbourne, about 65 miles southeast of Orlando, and 180 miles north of Miami. Major highways near the city include Interstate I-95 and U.S. Route 192. Palm Bay's modern history traces back to 1959, when the Mackle brothers from Miami purchased land for a...

description source
  • Population
    Population (2012) 104,124
    Population Density 1,584 ppl/sq mi
    Population Growth Rate 0.9%
    Median Income $43,020
    Median Age 39.6
    Unemployment 8.0%
    Family Household Percent 70.2%
    Avg. Household Size 2.6
    Avg. House Price $96,000
    Foreign Born 13.7%
    Married 25.6%
    Cost of Living 46.9%
  • Average Temperature
    January 63.0°F 17.2°C
    February 65.0°F 18.3°C
    March 68.0°F 20.0°C
    April 72.0°F 22.2°C
    May 76.0°F 24.4°C
    June 80.0°F 26.7°C
    July 81.0°F 27.2°C
    August 81.0°F 27.2°C
    September 80.0°F 26.7°C
    October 76.0°F 24.4°C
    November 69.0°F 20.6°C
    December 64.0°F 17.8°C
  • Demographics
    White 63.9%
    Hispanic / Latino 14.1%
    Black / African American 17.0%
    Asian 1.7%
    Native American 0.3%

  Market & Regulatory Conditions For Florida

Third parties rate Florida'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 C
    Overall regulatory friendliness B-
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code B+
    Friendliness of licensing regulations C+
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs C
    Publicity of networking programs C+
    Current economic health of small business 34th/50
    Change in revenue over past 12 months 35th/50
    Forecast of small business's future economic health 23th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 20th/50
    Cost of Doing Business 37th/50
    Economy 11th/50
    Infrastructure 27th/50
    Workforce 3th/50
    Quality of life 28th/50
    Technology and innovation 12th/50
    Business friendliness 35th/50
    Education 38th/50
    Cost of living 31th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Florida Corporate Tax Rate 6.0%
    Avg Local Corporate Tax Rate in Florida 0.6%
    Avg Combined Corporate Tax Rate 6.6%
    Overall tax friendliness 5th/50
    Corporate tax rank 14th/50
    Individual income tax rank 1th/50
    Sales tax rank 12th/50
    Unemployment insurance tax rank 3th/50
    Property tax rank 16th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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