Market Research Report

Abrasive Blast Cleaning Service opportunities in Riverside, CA
$98,896 Potential Yearly Earnings What's this number?
$325,103 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.3 years with a net present value of $325,103.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $494,478 $741,716 $988,955 $1,034,447 $1,082,031
Net Costs $445,030 $667,545 $890,060 $931,002 $973,828
Net Operating Profits $49,448 $74,172 $98,896 $103,445 $108,203
Capital
      Startup Cost -$113,334
      Terminal Value $324,609
Net Cash Flow -$113,334 $49,448 $74,172 $98,896 $103,445 $432,813

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 Riverside.

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

  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.

Abrasive Blasting Service Regional Competitor
5465 24th St Riverside, CA 92509

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  About Riverside and its Consumers

Riverside is a city in Riverside County, California, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River.It is the most populous city in the Inland Empire as well as Riverside County, and is located approximately 60 miles (97 km) east of Los Angeles. It is also part of the Greater Los Angeles area. Riverside is the 59th most populous city in the United States and 12th most populous city in California. Riverside was founded in the early 1870s and is the birthplace of the California citrus industry as well as home of the Mission Inn, the largest Mission Revival Style building in the United States. It is also home to the Riverside National Cemetery. The University of California, Riverside, is located in the northeastern part of the city. The university also hosts the Riverside Sports Complex. Other attractions in Riverside include the Fox Performing Arts Center, Riverside Metropolitan Museum, the California Museum of Photography, the California Citrus State Historic Park, and the Parent Washington Navel Orange Tree, one of the two original navel orange trees in California.

Riverside is a city in Riverside County, California, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River.It is the most populous city in the Inland Empire as well as Riverside County, and is located approximately 60 miles (97 km) east of Los Angeles. It is also part of the...

description source
  • Population
    Population (2012) 313,673
    Population Density 3,865 ppl/sq mi
    Population Growth Rate 3.2%
    Median Income $51,331
    Median Age 30.6
    Unemployment 5.9%
    Family Household Percent 71.4%
    Avg. Household Size 3.2
    Avg. House Price $228,100
    Foreign Born 21.9%
    Married 48.6%
    Cost of Living 60.1%
  • Average Temperature
    January 54.9°F 12.7°C
    February 55.7°F 13.2°C
    March 58.8°F 14.9°C
    April 62.8°F 17.1°C
    May 67.9°F 19.9°C
    June 72.2°F 22.3°C
    July 78.4°F 25.8°C
    August 79.4°F 26.3°C
    September 76.1°F 24.5°C
    October 68.3°F 20.2°C
    November 60.3°F 15.7°C
    December 54.5°F 12.5°C
  • Demographics
    White 30.5%
    Hispanic / Latino 51.9%
    Black / African American 6.2%
    Asian 7.2%
    Native American 0.8%

  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 Riverside based on a number of market characteristics. See More Results

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