Market Research Report

Abrasive Blast Cleaning Service opportunities in Pasadena, CA
$17,049 Potential Yearly Earnings What's this number?
-$24,216 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 11.7 years with a net present value of -$24,216.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $85,243 $127,864 $170,486 $178,328 $186,531
Net Costs $76,719 $115,078 $153,437 $160,496 $167,878
Net Operating Profits $8,524 $12,786 $17,049 $17,833 $18,653
Capital
      Startup Cost -$99,798
      Terminal Value $55,959
Net Cash Flow -$99,798 $8,524 $12,786 $17,049 $17,833 $74,613

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 Pasadena.

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

  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.

Media Blast & Abrasives Regional Competitor
591 Apollo St Brea, CA 92821

Media Blast & Abrasives Inc Regional Competitor
5126 Chakemco St South Gate, CA 90280

A-1 Abrasive Blasting Regional Competitor
115 Nevada St El Segundo, CA 90245

TIP: Your market is dominated by regional chains. Consider entering the market with an independant business or a national franchise.

  Suppliers & Service Providers Contact List

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  About Pasadena and its Consumers

183 183

Pasadena, California is a city of nearly 145,000 people. It is located in Los Angeles County, approximately fifteen minutes northeast of Los Angeles. Pasadena is in the Los Angeles Long Beach Santa Ana metropolitan area, which at 12.9 million people is the second largest metropolitan area in the United States. Pasadena is near Los Angeles, which was ranked among the thirty "Most Fun U.S. Cities" in a study conducted by Cranium, Inc. in 2004. Pasadena is also a past finalist community for the National Civic Leagues coveted "All-America City Award". Pasadena is home to three Fortune 1000 companies. It is also home to the California Institute of Technology. In the heart of Southern California, Pasadena receives the weather for which Southern California is famous. Temperatures are pleasant in the winter with average daily temperatures in the high sixties and low seventies (degrees Fahrenheit), and summer temperatures average in the high eighties and low nineties (degrees Fahrenheit).

Pasadena, California is a city of nearly 145,000 people. It is located in Los Angeles County, approximately fifteen minutes northeast of Los Angeles. Pasadena is in the Los Angeles Long Beach Santa Ana metropolitan area, which at 12.9 million people is the second largest metropolitan area in the United States. Pasadena is near Los Angeles, which was ranked among the thirty "Most Fun U.S....

description source
  • Population
    Population (2012) 138,547
    Population Density 6,031 ppl/sq mi
    Population Growth Rate 1.0%
    Median Income $72,265
    Median Age 37.1
    Unemployment 8.3%
    Family Household Percent 55.9%
    Avg. Household Size 2.4
    Avg. House Price $601,000
    Foreign Born 29.3%
    Married 40.4%
    Cost of Living 72.4%
  • Average Temperature
    January 57.8°F 14.3°C
    February 59.1°F 15.1°C
    March 61.4°F 16.3°C
    April 64.5°F 18.1°C
    May 67.8°F 19.9°C
    June 72.0°F 22.2°C
    July 76.8°F 24.9°C
    August 78.0°F 25.6°C
    September 76.3°F 24.6°C
    October 70.1°F 21.2°C
    November 62.7°F 17.1°C
    December 57.0°F 13.9°C
  • Demographics
    White 36.9%
    Hispanic / Latino 32.0%
    Black / African American 9.9%
    Asian 17.8%
    Native American 0.1%

  Market & Regulatory Conditions For California

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

  • Small-Business Friendliness
    Overall small business friendliness F
    Ease of starting a small business D
    Cost of hiring a new employee C-
    Overall regulatory friendliness F
    Friendliness of health and safety regulations F
    Friendliness of employment, labor, and hiring regulations F
    Friendliness of tax code F
    Friendliness of licensing regulations F
    Friendliness of environmental regulations D
    Friendliness of zoning regulations D
    Publicity of training programs C-
    Publicity of networking programs D+
    Current economic health of small business 40th/50
    Change in revenue over past 12 months 40th/50
    Forecast of small business's future economic health 35th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 32th/50
    Cost of Doing Business 48th/50
    Economy 9th/50
    Infrastructure 24th/50
    Workforce 36th/50
    Quality of life 23th/50
    Technology and innovation 1th/50
    Business friendliness 48th/50
    Education 26th/50
    Cost of living 47th/50
    Access to capital 1th/50
    Source: CNBC (2014)
  • Tax Friendliness
    California Corporate Tax Rate 7.5%
    Avg Local Corporate Tax Rate in California 0.9%
    Avg Combined Corporate Tax Rate 8.4%
    Overall tax friendliness 48th/50
    Corporate tax rank 34th/50
    Individual income tax rank 50th/50
    Sales tax rank 42th/50
    Unemployment insurance tax rank 14th/50
    Property tax rank 14th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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