Market Research Report
Based on the parameters below, we project this business would break even in 2.1 years with a net present value of $188,014.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$27,935||$41,902||$55,870||$58,131||$60,483|
|Net Cash Flow||-$58,216||$27,935||$41,902||$55,870||$58,131||$241,933|
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 Rochester.
- median income
- gross rent
- population density
- July temperature
- household size
- land area
- November temperature
- 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.
Aqua Blast Power Wash
19 Arcadia Pkwy Rochester, NY 14612
Suppliers & Service Providers Contact List
Free help for entrepreneurs
Our professionals can help you get your business going.
We can help with your business plan! We have expertise and datasets.
Get business insurance for your venture
Find great rates on business insurance.
Free help for entrepreneurs
Our experienced entrepreneurs can help you reach your goals.
We provide free business mentoring for entrepreneurs.
About Rochester and its Consumers
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as the World's Image Center, it was also once known as the Flour City, and more recently as The Flower City, annually hosting the Lilac Festival. It is the county seat for Monroe County. Rochester's city population according to the 2010 census is approximately 210,565, making it New York's third most populous city after New York City and Buffalo. Rochester was ranked as the "most livable city" among 379 U.S. metropolitan areas in the 25th edition (2007) of the Places Rated Almanac. The Rochester area also received the top ranking for overall quality of life among U.S. metros with populations of more than 1 million in a 2007 study by Expansion Management magazine. In the same study, Expansion Management rated the area's public schools as sixth best nationwide. In 2010 Forbes rated Rochester as the third best place to raise a family.In 2012 Kiplinger rated Rochester as the fifth best city for families, citing low cost of living, top public schools, and a low jobless rate.
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as the World's Image Center, it was also once known as the Flour City, and more recently as The Flower City, annually hosting the Lilac Festival. It is the county seat for Monroe County. Rochester's city population according to the 2010 census is approximately 210,565, making it New York's third...description source
Population Population (2012) 210,532 Population Density 5,883 ppl/sq mi Population Growth Rate 0.0% Median Income $28,963 Median Age 31.1 Unemployment 10.0% Family Household Percent 50.2% Avg. Household Size 2.3 Avg. House Price $75,600 Foreign Born 7.7% Married 51.3% Cost of Living 54.6%
Demographics White 37.6% Hispanic / Latino 17.2% Black / African American 38.1% Asian 3.0% Native American 0.07%
Market & Regulatory Conditions For New York
Third parties rate New York's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness D Ease of starting a small business D Cost of hiring a new employee B- Overall regulatory friendliness F Friendliness of health and safety regulations D 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 F Publicity of training programs B- Publicity of networking programs C- Current economic health of small business 35th/50 Change in revenue over past 12 months 37th/50 Forecast of small business's future economic health 29th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 40th/50 Cost of Doing Business 50th/50 Economy 34th/50 Infrastructure 38th/50 Workforce 43th/50 Quality of life 21th/50 Technology and innovation 3th/50 Business friendliness 29th/50 Education 1th/50 Cost of living 50th/50 Access to capital 4th/50Source: CNBC (2014)
Tax Friendliness New York Corporate Tax Rate 4.0% Avg Local Corporate Tax Rate in New York 4.5% Avg Combined Corporate Tax Rate 8.5% Overall tax friendliness 49th/50 Corporate tax rank 20th/50 Individual income tax rank 49th/50 Sales tax rank 40th/50 Unemployment insurance tax rank 31th/50 Property tax rank 46th/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.