Market Research Report

Abrasive Blast Cleaning Service opportunities in Waterbury, CT
$7,156 Potential Yearly Earnings What's this number?
-$22,585 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 15.1 years with a net present value of -$22,585.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $35,781 $53,671 $71,562 $74,079 $76,685
Net Costs $32,203 $48,304 $64,406 $66,671 $69,017
Net Operating Profits $3,578 $5,367 $7,156 $7,408 $7,669
Capital
      Startup Cost -$53,946
      Terminal Value $23,006
Net Cash Flow -$53,946 $3,578 $5,367 $7,156 $7,408 $30,674

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 Waterbury.

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

Abrasive Blasting Co Regional Competitor
365 John St Bridgeport, CT 06604

Pressure Blast Manufacturing Co Regional Competitor
41 Chapel Rd South Windsor, CT 06074

Congress Tools Co Inc Local Competitor
51 Great Hill Rd Naugatuck, CT 06770

  Suppliers & Service Providers Contact List

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  About Waterbury and its Consumers

Waterbury is a city in the U.S. state of Connecticut on the Naugatuck River, 33 miles (45 minutes) southwest of Hartford and 77 miles (90 minutes) northeast of New York City. Waterbury is located in New Haven County, Connecticut. As of the 2010 census, Waterbury had a total population of 110,366,making it the 10th largest city in the New York Metropolitan Area, 9th largest city in New England and the 5th largest city in Connecticut. Throughout the first half of the 20th century Waterbury had large industrial interests and was the leading center in the United States for the manufacture of brassware (including castings and finishings), as reflected in the nickname the "Brass City" and the city's motto Quid Aere Perennius? ("What Is More Lasting Than Brass?"), which echoes the Latin of Horace's Ode 3.30. It was noted for the manufacture of watches and clocks. The city is located along Interstate 84 (Yankee Expressway) and Route 8 and has a Metro-North railroad station with connections to Grand Central Terminal. Waterbury is also home to Post University and the regional campuses of theUniversity of Connecticut, University of Bridgeport, Western Connecticut State University as well as Naugatuck Valley Community College.

Waterbury is a city in the U.S. state of Connecticut on the Naugatuck River, 33 miles (45 minutes) southwest of Hartford and 77 miles (90 minutes) northeast of New York City. Waterbury is located in New Haven County, Connecticut. As of the 2010 census, Waterbury had a total population of 110,366,making it the 10th largest city in the New York Metropolitan Area, 9th largest city in New England...

description source
  • Population
    Population (2012) 109,915
    Population Density 3,854 ppl/sq mi
    Population Growth Rate -0.4%
    Median Income $41,593
    Median Age 35.3
    Unemployment 13.3%
    Family Household Percent 63.1%
    Avg. Household Size 2.5
    Avg. House Price $150,300
    Foreign Born 14.3%
    Married 40.4%
    Cost of Living 68.0%
  • Average Temperature
    January 23.4°F -4.8°C
    February 26.3°F -3.2°C
    March 34.6°F 1.4°C
    April 45.5°F 7.5°C
    May 56.0°F 13.3°C
    June 65.0°F 18.3°C
    July 69.8°F 21.0°C
    August 68.1°F 20.1°C
    September 60.9°F 16.1°C
    October 49.0°F 9.4°C
    November 39.8°F 4.3°C
    December 29.1°F -1.6°C
  • Demographics
    White 45.9%
    Hispanic / Latino 31.2%
    Black / African American 17.6%
    Asian 1.5%
    Native American 0.04%

  Market & Regulatory Conditions For Connecticut

Third parties rate Connecticut'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 C
    Cost of hiring a new employee C
    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 D
    Friendliness of zoning regulations C+
    Publicity of training programs C-
    Publicity of networking programs D
    Current economic health of small business 45th/50
    Change in revenue over past 12 months 44th/50
    Forecast of small business's future economic health 37th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 46th/50
    Cost of Doing Business 47th/50
    Economy 49th/50
    Infrastructure 42th/50
    Workforce 32th/50
    Quality of life 14th/50
    Technology and innovation 21th/50
    Business friendliness 24th/50
    Education 5th/50
    Cost of living 48th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Connecticut Corporate Tax Rate 6.4%
    Avg Local Corporate Tax Rate in Connecticut 0.0%
    Avg Combined Corporate Tax Rate 6.4%
    Overall tax friendliness 42th/50
    Corporate tax rank 32th/50
    Individual income tax rank 34th/50
    Sales tax rank 31th/50
    Unemployment insurance tax rank 20th/50
    Property tax rank 49th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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