Market Research Report
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 Operating Profits||$3,578||$5,367||$7,156||$7,408||$7,669|
|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.
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.
- median income
- gross rent
- population density
- July temperature
- household size
- land area
- November temperature
- family households
- May temperature
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.
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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%
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/50Source: 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/50Source: 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/50Source: 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.