Market Research Report

Accounting Firm opportunities in Cary, NC
$67,756 Potential Yearly Earnings What's this number?
$220,782 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.3 years with a net present value of $220,782.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $338,779 $508,169 $677,558 $707,371 $738,495
Net Costs $304,901 $457,352 $609,802 $636,633 $664,645
Net Operating Profits $33,878 $50,817 $67,756 $70,737 $73,849
Capital
      Startup Cost -$78,961
      Terminal Value $221,548
Net Cash Flow -$78,961 $33,878 $50,817 $67,756 $70,737 $295,398

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 Cary.

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

  Competitors

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

H&R Block National Competitor
2460 SW Cary Pkwy Cary, NC 27513

Block Advisor National Competitor
1130 Kildaire Farm Rd Suite 115 Cary, NC 27511

Sarika Agarwal CPA Local Competitor
502 McKnight Dr Suite 101 Knightdale, NC 27545

  Suppliers & Service Providers Contact List

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    Fundera

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  About Cary and its Consumers

Cary, North Carolina, in Wake county, is 8 miles W of Raleigh, North Carolina.The town is conveniently located inside the Raleigh - Durham - Chapel Hill metropolitan area. There are an estimated 94,536 people in Cary. The present day town of Cary was originally known as Bradford's Ordinary. It was first settled in 1750. The area became a major transportation route when the North Carolina Railroad first entered the area in the mid 1800s. A farmer and lumberman from Wake County, Allison Francis "Frank" Page and his wife, Catherine "Kate" Raboteau Page, purchased the land in 1854 and named it Cary. It was named after Samuel Fenton Cary, a prohibitionist and former Ohio congressman. The town was officially incorporated on April 6, 1871. Page became the first mayor of Cary. Cary and nearby Attractions are Fred G. Bond Metro Park, Page-Walker Hotel Arts & History Center , Hemlock Bluffs Nature Preserve, J.C. Raulston Arboretum, American Wildlife Refuge, Jordan Lake State Recreation Area.

Cary, North Carolina, in Wake county, is 8 miles W of Raleigh, North Carolina.The town is conveniently located inside the Raleigh - Durham - Chapel Hill metropolitan area. There are an estimated 94,536 people in Cary. The present day town of Cary was originally known as Bradford's Ordinary. It was first settled in 1750. The area became a major transportation route when the North Carolina...

description source
  • Population
    Population (2012) 145,693
    Population Density 2,680 ppl/sq mi
    Population Growth Rate 7.7%
    Median Income $82,509
    Median Age 36.6
    Unemployment 5.4%
    Family Household Percent 70.2%
    Avg. Household Size 2.6
    Avg. House Price $314,400
    Foreign Born 14.6%
    Married 24.9%
    Cost of Living 50.2%
  • Average Temperature
    January 39.3°F 4.1°C
    February 42.4°F 5.8°C
    March 49.8°F 9.9°C
    April 58.5°F 14.7°C
    May 66.6°F 19.2°C
    June 75.1°F 23.9°C
    July 78.6°F 25.9°C
    August 77.2°F 25.1°C
    September 70.6°F 21.4°C
    October 60.0°F 15.6°C
    November 50.9°F 10.5°C
    December 42.5°F 5.8°C
  • Demographics
    White 68.9%
    Hispanic / Latino 7.7%
    Black / African American 7.8%
    Asian 13.0%
    Native American 0.2%

  Market & Regulatory Conditions For North Carolina

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

  • Small-Business Friendliness
    Overall small business friendliness C+
    Ease of starting a small business C
    Cost of hiring a new employee A-
    Overall regulatory friendliness C-
    Friendliness of health and safety regulations C
    Friendliness of employment, labor, and hiring regulations D
    Friendliness of tax code D+
    Friendliness of licensing regulations C
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs D
    Publicity of networking programs C+
    Current economic health of small business 27th/50
    Change in revenue over past 12 months 25th/50
    Forecast of small business's future economic health 22th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 5th/50
    Cost of Doing Business 23th/50
    Economy 4th/50
    Infrastructure 21th/50
    Workforce 4th/50
    Quality of life 34th/50
    Technology and innovation 12th/50
    Business friendliness 19th/50
    Education 33th/50
    Cost of living 14th/50
    Access to capital 17th/50
    Source: CNBC (2014)
  • Tax Friendliness
    North Carolina Corporate Tax Rate 4.8%
    Avg Local Corporate Tax Rate in North Carolina 2.2%
    Avg Combined Corporate Tax Rate 6.9%
    Overall tax friendliness 16th/50
    Corporate tax rank 25th/50
    Individual income tax rank 15th/50
    Sales tax rank 33th/50
    Unemployment insurance tax rank 11th/50
    Property tax rank 29th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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