Market Research Report
Based on the parameters below, we project this business would break even in 2.5 years with a net present value of $386,946.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$60,567||$90,850||$121,133||$127,090||$133,340|
|Net Cash Flow||-$151,901||$60,567||$90,850||$121,133||$127,090||$533,359|
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 Washington.
- median income
- gross rent
- population density
- July temperature
- land area
- November temperature
- household size
- May temperature
- median resident age
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.
Whatta Blast Power Washing Inc
512 Crain Hwy N Glen Burnie, MD 21061
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About Washington and its Consumers
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, or simply D.C., is the capital of the United States. The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River on the country's East Coast. The U.S. Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any U.S. state.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, or simply D.C., is the capital of the United States. The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River on the country's East Coast. The U.S. Constitution provided for a federal district under the exclusive jurisdiction of the...description source
Population Population (2012) 632,323 Population Density 10,357 ppl/sq mi Population Growth Rate 5.1% Median Income $63,124 Median Age 33.9 Unemployment 9.0% Family Household Percent 42.3% Avg. Household Size 2.1 Avg. House Price $422,400 Foreign Born 14.3% Married 56.3% Cost of Living 65.8%
Demographics White 35.2% Hispanic / Latino 9.5% Black / African American 49.5% Asian 3.6% Native American 0.2%
Market & Regulatory Conditions For District of Columbia
Third parties rate District of Columbia's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness N/A Ease of starting a small business N/A Cost of hiring a new employee N/A Overall regulatory friendliness N/A Friendliness of health and safety regulations N/A Friendliness of employment, labor, and hiring regulations N/A Friendliness of tax code N/A Friendliness of licensing regulations N/A Friendliness of environmental regulations N/A Friendliness of zoning regulations N/A Publicity of training programs N/A Publicity of networking programs N/A Current economic health of small business N/A Change in revenue over past 12 months N/A Forecast of small business's future economic health N/ASource: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness N/A Cost of Doing Business N/A Economy N/A Infrastructure N/A Workforce N/A Quality of life N/A Technology and innovation N/A Business friendliness N/A Education N/A Cost of living N/A Access to capital N/ASource: CNBC (2014)
Tax Friendliness District of Columbia Corporate Tax Rate 6.5% Avg Local Corporate Tax Rate in District of Columbia 2.4% Avg Combined Corporate Tax Rate 8.9% Overall tax friendliness N/A Corporate tax rank N/A Individual income tax rank N/A Sales tax rank N/A Unemployment insurance tax rank N/A Property tax rank N/ASource: 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.