Market Research Report
Based on the parameters below, we project this business would break even in 2.2 years with a net present value of $327,512.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$49,519||$74,278||$99,038||$103,460||$108,079|
|Net Cash Flow||-$110,922||$49,519||$74,278||$99,038||$103,460||$432,315|
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.
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 Pembroke Pines.
- median income
- gross rent
- population density
- November temperature
- July temperature
- household size
- May temperature
- land area
- family households
- February temperature
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 Off Services Corp
15757 pines blvd Pembroke Pines, FL 33027
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About Pembroke Pines and its Consumers
Pembroke Pines is a city in Broward County, Florida, United States. The city had a population of 154,019 at the 2010 census, making it the second most populous city in Broward County and the 11th most populous in Florida. Its official motto is "Join Us - Progress With Us." Pembroke Pines was incorporated in 1960. The name "Pembroke Pines" was taken from its location along Pembroke Road and the many pine trees in the area. But the name "Pembroke" dates back much further, and may have originated with an early landowner from Britain known as the Earl of Pembroke. According to the United States Census Bureau, the city has a total area of 34.8 square miles (90.2 km2). 33.1 square miles (85.8 km2) of it is land and 1.7 square miles (4.4 km2) of it (4.88%) is water, making it one of the largest cities in Broward County. Pembroke Pines has warm, dry winters and hot, muggy summers.
Pembroke Pines is a city in Broward County, Florida, United States. The city had a population of 154,019 at the 2010 census, making it the second most populous city in Broward County and the 11th most populous in Florida. Its official motto is "Join Us - Progress With Us." Pembroke Pines was incorporated in 1960. The name "Pembroke Pines" was taken from its location along Pembroke Road and the...description source
Population Population (2012) 160,306 Population Density 4,839 ppl/sq mi Population Growth Rate 4.1% Median Income $54,766 Median Age 39.6 Unemployment 5.7% Family Household Percent 71.5% Avg. Household Size 2.7 Avg. House Price $190,100 Foreign Born 33.6% Married 27.8% Cost of Living 58.7%
Demographics White 30.0% Hispanic / Latino 45.8% Black / African American 16.6% Asian 5.9% Native American 0.6%
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/50Source: 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/50Source: 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/50Source: Tax Foundation (2015)
Resources to Get Started
Now that you have a potential location and idea for your business, here is a list of helpful resources you may need to get started.