Market Research Report
Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $270,235.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$37,999||$56,999||$75,998||$80,571||$85,420|
|Net Cash Flow||-$71,818||$37,999||$56,999||$75,998||$80,571||$341,679|
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 Carrollton.
- July temperature
- median income
- August temperature
- gross rent
- population density
- February temperature
- business activity
- house price
- April temperature
- land area
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
Serving the Carrollton Area.
2810 E Trinity Mills Rd Ste 148 Carrollton, TX 75006
Silver Tax Group
Serving the Carrollton Area.
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About Carrollton and its Consumers
The Texas city of Carrollton is located on Interstate Highway I-35 about 18 miles north of Dallas. Situated within parts of three Texas counties (Denton, Dallas, and Collin), the city is surrounded by the Texas communities of Addison (to the east), Farmer's Branch (to the south), and Coppell (to the west). Other major roads serving Carrollton include Texas State Highways 190 and 121. Carrollton is a suburb of Dallas and is considered part of the Dallas-Fort Worth metropolitan area. First settled in the 1840s, Carrollton was most likely named after Carrollton, Illinois, the hometown of some of its early settlers. Exclusively an agricultural community in its early days, Carrollton soon benefited from the advent of railway lines and by 1888 had evolved into a shipping center for livestock, grain, cotton, and cottonseed. In 1913 the city became incorporated, and soon thereafter established itself as a significant player in the gravel market. After the second World War, the city began to experience a period of growth which was later enhanced by a spillover effect from north Dallas. Carrollton's population continues to grow to the present day.
The Texas city of Carrollton is located on Interstate Highway I-35 about 18 miles north of Dallas. Situated within parts of three Texas counties (Denton, Dallas, and Collin), the city is surrounded by the Texas communities of Addison (to the east), Farmer's Branch (to the south), and Coppell (to the west). Other major roads serving Carrollton include Texas State Highways 190 and 121. Carrollton...description source
Population Population (2012) 125,409 Population Density 3,455 ppl/sq mi Population Growth Rate 5.3% Median Income $67,602 Median Age 36.0 Unemployment 5.8% Family Household Percent 71.8% Avg. Household Size 2.7 Avg. House Price $158,800 Foreign Born 25.0% Married 27.9% Cost of Living 49.6%
Demographics White 46.3% Hispanic / Latino 30.0% Black / African American 8.1% Asian 13.4% Native American 0.3%
Market & Regulatory Conditions For Texas
Third parties rate Texas'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 A Friendliness of health and safety regulations A- Friendliness of employment, labor, and hiring regulations A Friendliness of tax code A Friendliness of licensing regulations A Friendliness of environmental regulations A- Friendliness of zoning regulations A Publicity of training programs C+ Publicity of networking programs C Current economic health of small business 13th/50 Change in revenue over past 12 months 29th/50 Forecast of small business's future economic health 17th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 2th/50 Cost of Doing Business 23th/50 Economy 1th/50 Infrastructure 1th/50 Workforce 11th/50 Quality of life 37th/50 Technology and innovation 2th/50 Business friendliness 20th/50 Education 27th/50 Cost of living 18th/50 Access to capital 5th/50Source: CNBC (2014)
Tax Friendliness Texas Corporate Tax Rate 6.3% Avg Local Corporate Tax Rate in Texas 1.9% Avg Combined Corporate Tax Rate 8.2% Overall tax friendliness 10th/50 Corporate tax rank 39th/50 Individual income tax rank 6th/50 Sales tax rank 36th/50 Unemployment insurance tax rank 15th/50 Property tax rank 36th/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.