Market Research Report

Abrasive Blast Cleaning Service opportunities in St. Petersburg, FL
$76,290 Potential Yearly Earnings What's this number?
$265,942 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $265,942.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $381,449 $572,174 $762,898 $796,959 $832,541
Net Costs $343,304 $514,956 $686,608 $717,263 $749,287
Net Operating Profits $38,145 $57,217 $76,290 $79,696 $83,254
Capital
      Startup Cost -$71,789
      Terminal Value $249,762
Net Cash Flow -$71,789 $38,145 $57,217 $76,290 $79,696 $333,016

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 St. Petersburg.

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

Aqua Blast Pros Regional Competitor
800 Kay Rd NE Bradenton, FL 34212

  Suppliers & Service Providers Contact List

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  About St. Petersburg and its Consumers

St. Petersburg is a city in Pinellas County, Florida, United States. As of the 2013 census estimate, the population was 249,688,making St. Petersburg the 5th most populous city in the state of Florida and the largest city in Florida that is not a county seat(the city of Clearwater is the county seat). St. Petersburg is the second largest city in the Tampa Bay Area, composed of roughly 2.8 million residents,making it the second largest Metropolitan Statistical Area in the state. It is also a popular vacation destination for both American and foreign tourists. The city is often referred to by locals as St. Pete. Neighboring St. Pete Beach formally shortened its name in 1994 after a vote by its residents. St. Petersburg is governed by a mayor and city council. The city is located on a peninsula between Tampa Bay and the Gulf of Mexico. It is connected to mainland Florida to the north; with the city of Tampa to the east by causeways and bridges across Tampa Bay; and to Bradenton in the south by the Sunshine Skyway Bridge (Interstate 275), which traverses the mouth of the bay.

St. Petersburg is a city in Pinellas County, Florida, United States. As of the 2013 census estimate, the population was 249,688,making St. Petersburg the 5th most populous city in the state of Florida and the largest city in Florida that is not a county seat(the city of Clearwater is the county seat). St. Petersburg is the second largest city in the Tampa Bay Area, composed of roughly 2.8...

description source
  • Population
    Population (2012) 246,541
    Population Density 3,993 ppl/sq mi
    Population Growth Rate 0.7%
    Median Income $40,881
    Median Age 41.8
    Unemployment 7.4%
    Family Household Percent 54.3%
    Avg. Household Size 2.2
    Avg. House Price $139,200
    Foreign Born 10.4%
    Married 34.2%
    Cost of Living 49.3%
  • Average Temperature
    January 61.0°F 16.1°C
    February 63.0°F 17.2°C
    March 68.0°F 20.0°C
    April 73.0°F 22.8°C
    May 78.0°F 25.6°C
    June 82.0°F 27.8°C
    July 83.0°F 28.3°C
    August 83.0°F 28.3°C
    September 82.0°F 27.8°C
    October 76.0°F 24.4°C
    November 69.0°F 20.6°C
    December 63.0°F 17.2°C
  • Demographics
    White 64.1%
    Hispanic / Latino 5.3%
    Black / African American 25.5%
    Asian 2.0%
    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/50
    Source: 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/50
    Source: 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/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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