Market Research Report
Based on the parameters below, we project this business would break even in 3.0 years with a net present value of $82,251.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$14,080||$21,120||$28,160||$29,417||$30,731|
|Net Cash Flow||-$42,412||$14,080||$21,120||$28,160||$29,417||$122,923|
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 Port St. Lucie.
- median income
- gross rent
- population density
- November temperature
- July temperature
- land area
- household size
- May temperature
- family households
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.
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TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
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About Port St. Lucie and its Consumers
Port St. Lucie is a city in St. Lucie County, Florida, United States. The population of Port St. Lucie was 88,769 at the 2000 censusbut grew rapidly during the 2000s. In 2009 the State of Florida estimated the City's population at 155,251. Port St. Lucie forms part of a metropolitan area called the Port St. Lucie, Florida Metropolitan Statistical Area that in 2009 was estimated to have 406,296 residents. Port St. Lucie was a largely uninhabited tract of land south of White City, Florida in the 1950s, composed of a fishing camp, a few farms and businesses near US 1. In 1958, with a budget of $50 million, the General Development Corporation (GDC) purchased the River Park development and 40,000 acres (160 km2) along the North Fork of the St. Lucie River.[dead link] In 1959, the GDC opened its first bridge over the St. Lucie River, allowing for direct automobile access to Port St. Lucie.
Port St. Lucie is a city in St. Lucie County, Florida, United States. The population of Port St. Lucie was 88,769 at the 2000 censusbut grew rapidly during the 2000s. In 2009 the State of Florida estimated the City's population at 155,251. Port St. Lucie forms part of a metropolitan area called the Port St. Lucie, Florida Metropolitan Statistical Area that in 2009 was estimated to have...description source
Population Population (2012) 168,716 Population Density 1,480 ppl/sq mi Population Growth Rate 2.5% Median Income $46,916 Median Age 39.4 Unemployment 8.5% Family Household Percent 73.9% Avg. Household Size 2.7 Avg. House Price $121,500 Foreign Born 14.7% Married 25.3% Cost of Living 47.4%
Demographics White 61.6% Hispanic / Latino 18.4% Black / African American 15.6% Asian 1.9% Native American 0.2%
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.