Market Research Report
Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $228,973.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$31,602||$47,402||$63,203||$67,006||$71,039|
|Net Cash Flow||-$55,492||$31,602||$47,402||$63,203||$67,006||$284,154|
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 Corpus Christi.
- July temperature
- median income
- August temperature
- gross rent
- land area
- population density
- February temperature
- house price
- business activity
- April temperature
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
3781 Leopard St Corpus Christi, TX 78408
Fancher & Company
600 Leopard St # 2000 Corpus Christi, TX 78401
Bowman & Reagan CPA Inc
1801 S Alameda St Suite 200 Corpus Christi, TX 78404
Collier Johnson & Woods PC
555 N Carancahua St Suite 1000 Corpus Christi, TX 78401
Villarreal Josefina D CPA
710 Buffalo St Corpus Christi, TX 78401
TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
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About Corpus Christi and its Consumers
Corpus Christi is a coastal city in the South Texas region of the U.S. state of Texas. The county seat of Nueces County, it also extends into Aransas, Kleberg, and San Patricio counties. The metropolitan area population in 2012 was 469,134. The population was 312,195 at the 2012 US Census estimate, making it the eighth most populous city in the state of Texas. It is the principal city of the tri-county Corpus Christi metropolitan area, as well as the larger Corpus Christi-Kingsville Combined Statistical Area. The translation from Latin of the city's name (Corpus Christi) means Body of Christ. The name was given to the settlement and surrounding bay by Spanish explorer Alonso Álvarez de Pineda in 1519, when he discovered the lush semi-tropical bay on the feast day celebrating the "Body of Christ." The city has the nicknames "Texas Riviera" and "Sparkling City by the Sea", particularly in literature promoting tourism. The city is home to the Port of Corpus Christi, the 5th largest port in the nation, and is served by the Corpus Christi International Airport.
Corpus Christi is a coastal city in the South Texas region of the U.S. state of Texas. The county seat of Nueces County, it also extends into Aransas, Kleberg, and San Patricio counties. The metropolitan area population in 2012 was 469,134. The population was 312,195 at the 2012 US Census estimate, making it the eighth most populous city in the state of Texas. It is the principal city of the...description source
Population Population (2012) 312,195 Population Density 1,943 ppl/sq mi Population Growth Rate 2.3% Median Income $44,893 Median Age 34.7 Unemployment 4.0% Family Household Percent 67.6% Avg. Household Size 2.7 Avg. House Price $110,300 Foreign Born 8.0% Married 43.6% Cost of Living 46.0%
Demographics White 32.4% Hispanic / Latino 60.3% Black / African American 3.8% Asian 1.7% Native American 0.2%
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.