Market Research Report

Abrasive Blast Cleaning Service opportunities in Yonkers, NY
$92,190 Potential Yearly Earnings What's this number?
$259,904 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 3.2 years with a net present value of $259,904.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $460,948 $691,422 $921,896 $959,206 $998,025
Net Costs $414,853 $622,280 $829,706 $863,285 $898,223
Net Operating Profits $46,095 $69,142 $92,190 $95,921 $99,803
Capital
      Startup Cost -$146,397
      Terminal Value $299,408
Net Cash Flow -$146,397 $46,095 $69,142 $92,190 $95,921 $399,210

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 Yonkers.

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

Atlas Disposal Options Inc. Regional Competitor
311 E Blackwell St Dover, NJ 07801

Long Island Porta Blast Corp Regional Competitor
90D Dale Street West Babylon, NY 11704

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  About Yonkers and its Consumers

Yonkers is one of New York's largest cities and the largest city in Westchester County. It borders Manhattan (to the south) and is less than 20 miles from the heart of New York City. Other surrounding communities include Mt. Vernon and New Rochelle (to the east) and White Plains (to the north). The Hudson River flows along Yonkers' western border and the New York City borough of the Bronx is directly south of the city. The city's principal transportation artery is Interstate I-87 (also known as the New York State Thruway), but Yonkers is also serviced by a number of other important roads including U.S. Route 9, New York State Highway 9A, and several parkways (Saw Mill, Cross County, and Bronx River). The best-known attraction in Yonkers is its harness racing track, Yonkers Raceway. Another of the city's treasures is the Hudson River Museum. Founded in 1919, the Museum of Westchester is housed in the restored Glenview mansion and features a planetarium along with spacious galleries for art exhibitions. The Yonkers Police Museum features artifacts, photos, and exhibits which chronicle the city's police force going as far back as 1866.

Yonkers is one of New York's largest cities and the largest city in Westchester County. It borders Manhattan (to the south) and is less than 20 miles from the heart of New York City. Other surrounding communities include Mt. Vernon and New Rochelle (to the east) and White Plains (to the north). The Hudson River flows along Yonkers' western border and the New York City borough of the Bronx is...

description source
  • Population
    Population (2012) 198,449
    Population Density 11,017 ppl/sq mi
    Population Growth Rate 1.3%
    Median Income $50,656
    Median Age 37.6
    Unemployment 7.9%
    Family Household Percent 63.7%
    Avg. Household Size 2.6
    Avg. House Price $403,900
    Foreign Born 29.3%
    Married 39.0%
    Cost of Living 83.3%
  • Average Temperature
    January 30.0°F -1.1°C
    February 32.0°F 0.0°C
    March 37.0°F 2.8°C
    April 48.0°F 8.9°C
    May 59.0°F 15.0°C
    June 68.0°F 20.0°C
    July 73.0°F 22.8°C
    August 71.0°F 21.7°C
    September 64.0°F 17.8°C
    October 53.0°F 11.7°C
    November 42.0°F 5.6°C
    December 32.0°F 0.0°C
  • Demographics
    White 41.2%
    Hispanic / Latino 35.4%
    Black / African American 15.4%
    Asian 6.7%
    Native American 0.05%

  Market & Regulatory Conditions For New York

Third parties rate New York'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 D
    Cost of hiring a new employee B-
    Overall regulatory friendliness F
    Friendliness of health and safety regulations D
    Friendliness of employment, labor, and hiring regulations F
    Friendliness of tax code F
    Friendliness of licensing regulations F
    Friendliness of environmental regulations D
    Friendliness of zoning regulations F
    Publicity of training programs B-
    Publicity of networking programs C-
    Current economic health of small business 35th/50
    Change in revenue over past 12 months 37th/50
    Forecast of small business's future economic health 29th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 40th/50
    Cost of Doing Business 50th/50
    Economy 34th/50
    Infrastructure 38th/50
    Workforce 43th/50
    Quality of life 21th/50
    Technology and innovation 3th/50
    Business friendliness 29th/50
    Education 1th/50
    Cost of living 50th/50
    Access to capital 4th/50
    Source: CNBC (2014)
  • Tax Friendliness
    New York Corporate Tax Rate 4.0%
    Avg Local Corporate Tax Rate in New York 4.5%
    Avg Combined Corporate Tax Rate 8.5%
    Overall tax friendliness 49th/50
    Corporate tax rank 20th/50
    Individual income tax rank 49th/50
    Sales tax rank 40th/50
    Unemployment insurance tax rank 31th/50
    Property tax rank 46th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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