Market Research Report

Abrasive Blast Cleaning Service opportunities in Providence, RI
$60,097 Potential Yearly Earnings What's this number?
$205,383 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.0 years with a net present value of $205,383.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $300,483 $450,725 $600,967 $624,051 $648,022
Net Costs $270,435 $405,653 $540,870 $561,646 $583,220
Net Operating Profits $30,048 $45,073 $60,097 $62,405 $64,802
Capital
      Startup Cost -$58,895
      Terminal Value $194,407
Net Cash Flow -$58,895 $30,048 $45,073 $60,097 $62,405 $259,209

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 Providence.

  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. precipitation
  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.

Dirty Lew's Media Blasting - CLOSED Regional Competitor
10 Gardner Street Fairhaven, MA 02719

  Suppliers & Service Providers Contact List

  • Business for sale listing from around the U.S.
    Bizbuysell

    Find great businesses for sale.

    Find businesses for sale now!

       

  • Get business insurance for your venture
    Hiscox

    Find great rates on business insurance.

    Get insured!

       

  • Free help for entrepreneurs
    Sbdc

    Our professionals can help you get your business going.

    We can help with your business plan! We have expertise and datasets.

       

  About Providence and its Consumers

Providence is the capital and most populous city in Rhode Island. Founded in 1636, it is one of the oldest cities in the United States. It is located in Providence County, and is the second-largest city in the New England region after Boston. Providence has a city population of 182,911 and is part of the 37th-largest metropolitan population in the country, with an estimated population of 1,600,856, exceeding that of Rhode Island by about 60%, as it extends into southern Massachusetts. This can be considered in turn to be part of the Greater Boston commuting area, which contains 7.6 million people. The city is situated at the mouth of the Providence River, at the head of Narragansett Bay. Providence was one of the first cities to industrialize in the United States. By 1830, the city had manufacturing industries in metals, machinery, textiles, jewelry, and silverware. Though manufacturing has declined, the city is still one of the largest centers for jewelry and silverware design and manufacturing. Services, in particular education, healthcare, and finance, also make up a large portion of the city's economy.

Providence is the capital and most populous city in Rhode Island. Founded in 1636, it is one of the oldest cities in the United States. It is located in Providence County, and is the second-largest city in the New England region after Boston. Providence has a city population of 182,911 and is part of the 37th-largest metropolitan population in the country, with an estimated population of...

description source
  • Population
    Population (2012) 178,432
    Population Density 9,697 ppl/sq mi
    Population Growth Rate 0.2%
    Median Income $37,856
    Median Age 28.7
    Unemployment 11.7%
    Family Household Percent 56.2%
    Avg. Household Size 2.6
    Avg. House Price $186,800
    Foreign Born 28.1%
    Married 52.6%
    Cost of Living 51.4%
  • Average Temperature
    January 29.2°F -1.6°C
    February 32.0°F 0.0°C
    March 38.9°F 3.8°C
    April 49.1°F 9.5°C
    May 58.5°F 14.7°C
    June 68.0°F 20.0°C
    July 73.5°F 23.1°C
    August 72.3°F 22.4°C
    September 64.7°F 18.2°C
    October 53.6°F 12.0°C
    November 44.5°F 6.9°C
    December 34.3°F 1.3°C
  • Demographics
    White 38.5%
    Hispanic / Latino 38.8%
    Black / African American 12.8%
    Asian 6.0%
    Native American 0.6%

  Market & Regulatory Conditions For Rhode Island

Third parties rate Rhode Island'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 F
    Cost of hiring a new employee A+
    Overall regulatory friendliness F
    Friendliness of health and safety regulations F
    Friendliness of employment, labor, and hiring regulations D+
    Friendliness of tax code F
    Friendliness of licensing regulations F
    Friendliness of environmental regulations F
    Friendliness of zoning regulations F
    Publicity of training programs A+
    Publicity of networking programs A+
    Current economic health of small business 11th/50
    Change in revenue over past 12 months 27th/50
    Forecast of small business's future economic health 42th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 50th/50
    Cost of Doing Business 43th/50
    Economy 44th/50
    Infrastructure 50th/50
    Workforce 38th/50
    Quality of life 19th/50
    Technology and innovation 34th/50
    Business friendliness 45th/50
    Education 18th/50
    Cost of living 42th/50
    Access to capital 23th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Rhode Island Corporate Tax Rate 7.0%
    Avg Local Corporate Tax Rate in Rhode Island 0.0%
    Avg Combined Corporate Tax Rate 7.0%
    Overall tax friendliness 45th/50
    Corporate tax rank 43th/50
    Individual income tax rank 38th/50
    Sales tax rank 26th/50
    Unemployment insurance tax rank 49th/50
    Property tax rank 47th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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