Market Research Report

Abrasive Blast Cleaning Service opportunities in Seattle, WA
$114,577 Potential Yearly Earnings What's this number?
$374,872 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 $374,872.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $572,885 $859,328 $1,145,770 $1,199,554 $1,255,862
Net Costs $515,597 $773,395 $1,031,193 $1,079,598 $1,130,276
Net Operating Profits $57,289 $85,933 $114,577 $119,955 $125,586
Capital
      Startup Cost -$133,597
      Terminal Value $376,759
Net Cash Flow -$133,597 $57,289 $85,933 $114,577 $119,955 $502,345

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

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  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 Seattle.

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

  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.

Eco Blast Regional Competitor
13124 Admiralty Way Everett, WA 98204

  Suppliers & Service Providers Contact List

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  About Seattle and its Consumers

22 22

Seattle is a coastal seaport city and the seat of King County, in the U.S. state of Washington. With an estimated 652,405 residents as of 2013, Seattle is the largest city in both the State of Washington and the Pacific Northwest region of North America and, as of July 2013, the fastest-growing major city in the United States. The Seattle metropolitan area of around 3.6 million inhabitants is the 15th largest metropolitan area in the United States. The city is situated on a narrow isthmus between Puget Sound (an inlet of the Pacific Ocean) and Lake Washington, about 100 miles (160 km) south of the Canada–United States border. A major gateway for trade with Asia, Seattle is the 8th largest port in the United States and 9th largest in North America in terms of container handling

Seattle is a coastal seaport city and the seat of King County, in the U.S. state of Washington. With an estimated 652,405 residents as of 2013, Seattle is the largest city in both the State of Washington and the Pacific Northwest region of North America and, as of July 2013, the fastest-growing major city in the United States. The Seattle metropolitan area of around 3.6 million inhabitants is...

description source
  • Population
    Population (2012) 634,535
    Population Density 7,559 ppl/sq mi
    Population Growth Rate 4.3%
    Median Income $61,037
    Median Age 36.1
    Unemployment 4.7%
    Family Household Percent 42.9%
    Avg. Household Size 2.1
    Avg. House Price $420,400
    Foreign Born 17.0%
    Married 44.3%
    Cost of Living 61.1%
  • Average Temperature
    January 43.0°F 6.1°C
    February 44.3°F 6.8°C
    March 47.6°F 8.7°C
    April 51.4°F 10.8°C
    May 57.3°F 14.1°C
    June 62.0°F 16.7°C
    July 66.2°F 19.0°C
    August 66.6°F 19.2°C
    September 61.9°F 16.6°C
    October 53.7°F 12.1°C
    November 46.5°F 8.1°C
    December 41.4°F 5.2°C
  • Demographics
    White 65.9%
    Hispanic / Latino 6.1%
    Black / African American 7.3%
    Asian 15.4%
    Native American 0.7%

  Market & Regulatory Conditions For Washington

Third parties rate Washington'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 B-
    Cost of hiring a new employee D+
    Overall regulatory friendliness D+
    Friendliness of health and safety regulations C
    Friendliness of employment, labor, and hiring regulations D+
    Friendliness of tax code D
    Friendliness of licensing regulations D+
    Friendliness of environmental regulations C-
    Friendliness of zoning regulations D+
    Publicity of training programs A-
    Publicity of networking programs D+
    Current economic health of small business 42th/50
    Change in revenue over past 12 months 41th/50
    Forecast of small business's future economic health 21th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 7th/50
    Cost of Doing Business 34th/50
    Economy 2th/50
    Infrastructure 17th/50
    Workforce 24th/50
    Quality of life 6th/50
    Technology and innovation 4th/50
    Business friendliness 23th/50
    Education 25th/50
    Cost of living 38th/50
    Access to capital 9th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Washington Corporate Tax Rate 6.5%
    Avg Local Corporate Tax Rate in Washington 2.4%
    Avg Combined Corporate Tax Rate 8.9%
    Overall tax friendliness 11th/50
    Corporate tax rank 28th/50
    Individual income tax rank 6th/50
    Sales tax rank 46th/50
    Unemployment insurance tax rank 19th/50
    Property tax rank 23th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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