Market Research Report

Abrasive Blast Cleaning Service opportunities in Tampa, FL
$72,661 Potential Yearly Earnings What's this number?
$252,928 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 $252,928.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $363,305 $544,958 $726,610 $759,051 $792,940
Net Costs $326,975 $490,462 $653,949 $683,146 $713,646
Net Operating Profits $36,331 $54,496 $72,661 $75,905 $79,294
Capital
      Startup Cost -$68,737
      Terminal Value $237,882
Net Cash Flow -$68,737 $36,331 $54,496 $72,661 $75,905 $317,176

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 Tampa.

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

  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 Pressure Washing Local Competitor
5620 Rick Dr. Zephyrhills, FL 33541

  Suppliers & Service Providers Contact List

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  About Tampa and its Consumers

Located in west-central Florida and founded in 1824, the clean and modern city of Tampa offers activities and attractions for every interest and age. Known for its cultural diversity, this southern city boasts a unique blend of Cuban, African American, Italian and Spanish neighborhoods. Ybor City, known as Tampa's Latin Quarter, features its own unique blend of aromas, sights and sounds, including the smooth taste of Spanish Sangria, the smell of Cuban coffee and cigars and the Latin sounds of Rumba and Salsa late into the evening. The name Tampa comes from the local Caloosa Indian word Tanpa, meaning "Stick of Fire."Gasparilla Days - To visit Tampa in late January and not attend the annual gathering of pirates, beads, boats and parades, all witnessed by hundreds of thousands of revelers, is to have led a deprived and boring life.The Tampa Bay area is home to three airports, eight hospitals and over 30 universities and colleges.

Located in west-central Florida and founded in 1824, the clean and modern city of Tampa offers activities and attractions for every interest and age. Known for its cultural diversity, this southern city boasts a unique blend of Cuban, African American, Italian and Spanish neighborhoods. Ybor City, known as Tampa's Latin Quarter, features its own unique blend of aromas, sights and sounds,...

description source
  • Population
    Population (2012) 347,645
    Population Density 3,065 ppl/sq mi
    Population Growth Rate 3.6%
    Median Income $40,073
    Median Age 35.5
    Unemployment 5.1%
    Family Household Percent 55.7%
    Avg. Household Size 2.4
    Avg. House Price $148,000
    Foreign Born 15.6%
    Married 37.0%
    Cost of Living 49.6%
  • Average Temperature
    January 60.8°F 16.0°C
    February 63.4°F 17.4°C
    March 67.3°F 19.6°C
    April 72.0°F 22.2°C
    May 78.4°F 25.8°C
    June 82.2°F 27.9°C
    July 83.0°F 28.3°C
    August 83.2°F 28.4°C
    September 81.7°F 27.6°C
    October 76.2°F 24.6°C
    November 69.1°F 20.6°C
    December 63.1°F 17.3°C
  • Demographics
    White 46.9%
    Hispanic / Latino 21.1%
    Black / African American 26.4%
    Asian 3.0%
    Native American 0.08%

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

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