Market Research Report

Accounting Firm opportunities in Athens, GA
$41,336 Potential Yearly Earnings What's this number?
$140,037 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.0 years with a net present value of $140,037.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $206,680 $310,019 $413,359 $430,136 $447,595
Net Costs $186,012 $279,017 $372,023 $387,123 $402,835
Net Operating Profits $20,668 $31,002 $41,336 $43,014 $44,759
Capital
      Startup Cost -$42,163
      Terminal Value $134,278
Net Cash Flow -$42,163 $20,668 $31,002 $41,336 $43,014 $179,038

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 Athens.

  1. July temperature
  2. median income
  3. August temperature
  4. gross rent
  5. land area
  6. population density
  7. house price
  8. business activity
  9. February temperature
  10. white

  Competitors

Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.

H&R Block National Competitor
128 Alps Rd Athens, GA 30606

DAVID E BARNETT CPA Local Competitor
721 S Milledge Ave Athens, GA 30605

A & M Tax & Accounting Services Inc Local Competitor
150 Pioneer Dr Athens, GA 30605

  Suppliers & Service Providers Contact List

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  About Athens and its Consumers

Athens, located in northeastern Georgia about an hour east of Atlanta, is the home of the University of Georgia and is the fourth-largest city in the state. Started as a trading settlement called Cedar Shoals in the 1700s, it was chosen in 1801 as the site of Georgia's first state college and renamed Athens after the city in Greece. Much of the city's economy and culture is based on the university. Today, Athens is home to more than 100,000 residents. It is one of the hippest small cities in America and one of the most progressive cities in the South. Athens has arts and cultural options rivaling those in cities many times its size. Its thriving music scene produced legendary bands like the B-52's and REM; today's rising stars can be seen the 40 Watt Club and the Georgia Theatre. AthFest presents more than a hundred bands on various stages over a weekend each June. Athens is also home to the State Botanical Garden of Georgia, a a 313-acre preserve associated with the University of Georgia, that has several flower and herb gardens and five miles of nature trails.

Athens, located in northeastern Georgia about an hour east of Atlanta, is the home of the University of Georgia and is the fourth-largest city in the state. Started as a trading settlement called Cedar Shoals in the 1700s, it was chosen in 1801 as the site of Georgia's first state college and renamed Athens after the city in Greece. Much of the city's economy and culture is based on the...

description source
  • Population
    Population (2012) 118,999
    Population Density 1,022 ppl/sq mi
    Population Growth Rate 3.1%
    Median Income $25,344
    Median Age 24.2
    Unemployment 5.7%
    Family Household Percent 44.6%
    Avg. Household Size 2.3
    Avg. House Price $164,143
    Foreign Born 10.4%
    Married 32.3%
    Cost of Living 53.5%
  • Average Temperature
    January 43.5°F 6.4°C
    February 47.2°F 8.4°C
    March 54.3°F 12.4°C
    April 61.7°F 16.5°C
    May 70.0°F 21.1°C
    June 77.5°F 25.3°C
    July 80.6°F 27.0°C
    August 79.6°F 26.4°C
    September 73.3°F 22.9°C
    October 63.0°F 17.2°C
    November 53.8°F 12.1°C
    December 45.4°F 7.4°C
  • Demographics
    White 64.3%
    Hispanic / Latino 5.5%
    Black / African American 25.1%
    Asian 3.6%
    Native American 0.1%

  Market & Regulatory Conditions For Georgia

Third parties rate Georgia's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness A
    Ease of starting a small business A
    Cost of hiring a new employee B
    Overall regulatory friendliness B+
    Friendliness of health and safety regulations B+
    Friendliness of employment, labor, and hiring regulations A-
    Friendliness of tax code B
    Friendliness of licensing regulations B
    Friendliness of environmental regulations B-
    Friendliness of zoning regulations B
    Publicity of training programs B+
    Publicity of networking programs A
    Current economic health of small business 31th/50
    Change in revenue over past 12 months 39th/50
    Forecast of small business's future economic health 8th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 1th/50
    Cost of Doing Business 20th/50
    Economy 3th/50
    Infrastructure 1th/50
    Workforce 1th/50
    Quality of life 32th/50
    Technology and innovation 16th/50
    Business friendliness 14th/50
    Education 32th/50
    Cost of living 22th/50
    Access to capital 11th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Georgia Corporate Tax Rate 4.0%
    Avg Local Corporate Tax Rate in Georgia 3.0%
    Avg Combined Corporate Tax Rate 7.0%
    Overall tax friendliness 36th/50
    Corporate tax rank 8th/50
    Individual income tax rank 42th/50
    Sales tax rank 17th/50
    Unemployment insurance tax rank 36th/50
    Property tax rank 30th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

The following cities have the highest PYE for Accounting Firm within 500 miles of Athens based on a number of market characteristics. See More Results

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