Market Research Report

Accounting Firm opportunities in Evansville, IN
$33,623 Potential Yearly Earnings What's this number?
$117,381 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $117,381.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $168,113 $252,169 $336,225 $348,606 $361,443
Net Costs $151,301 $226,952 $302,603 $313,745 $325,299
Net Operating Profits $16,811 $25,217 $33,623 $34,861 $36,144
Capital
      Startup Cost -$30,225
      Terminal Value $108,433
Net Cash Flow -$30,225 $16,811 $25,217 $33,623 $34,861 $144,577

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 Evansville.

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

  Competitors

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

Kemper CPA Group LLP Regional Competitor
7200 Eagle Crest Blvd Evansville, IN 47715

Kruse Dicus & Associates LLP Local Competitor
965 S Kenmore Dr Evansville, IN 47714

Weinzapfel & Co Local Competitor
1301 Mortensen Ln Evansville, IN 47715

  Suppliers & Service Providers Contact List

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    Fundera

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  • Free help for entrepreneurs
    Sbdc

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  About Evansville and its Consumers

Located along the banks of the Ohio River in the southwestern corner of Indiana is the city of Evansville. As the regional hub for the Tri-State (Indiana, Kentucky, and Illinois) area, Evansville is home to the University of Southern Indiana and also to the University of Evansville. The city, which is also known as the "River City", serves as the county seat of Vanderburgh County. Evansville is home to a number of significant cultural, historic, and artistic sites. The Evansville Museum of Arts, History & Science houses a large permanent art collection with paintings, sculptures, and exhibits which span the decades from the 16th century to the present day. The Angel Mounds State Historic Site comprises one of the best preserved prehistoric Native American sites in the country. The Evansville African American Museum, one of the city's newest attractions, chronicles the struggles and celebrates the successes of the city's African American community throughout the past 70 years. The Reitz Home Museum, Evansville's only Victorian House Museum, is recognized as one of the nation's finest examples of Second French Empire architecture. Performing arts have a home in the city's Victory Theatre, residence of the Evansville Philharmonic Orchestra.

Located along the banks of the Ohio River in the southwestern corner of Indiana is the city of Evansville. As the regional hub for the Tri-State (Indiana, Kentucky, and Illinois) area, Evansville is home to the University of Southern Indiana and also to the University of Evansville. The city, which is also known as the "River City", serves as the county seat of Vanderburgh County. Evansville...

description source
  • Population
    Population (2012) 120,235
    Population Density 2,723 ppl/sq mi
    Population Growth Rate 2.4%
    Median Income $35,939
    Median Age 35.9
    Unemployment 8.3%
    Family Household Percent 55.5%
    Avg. Household Size 2.2
    Avg. House Price $89,800
    Foreign Born 2.3%
    Married 34.7%
    Cost of Living 44.1%
  • Average Temperature
    January 32.5°F 0.3°C
    February 36.6°F 2.6°C
    March 46.0°F 7.8°C
    April 56.1°F 13.4°C
    May 65.7°F 18.7°C
    June 74.8°F 23.8°C
    July 78.0°F 25.6°C
    August 76.7°F 24.8°C
    September 69.1°F 20.6°C
    October 57.6°F 14.2°C
    November 46.4°F 8.0°C
    December 35.6°F 2.0°C
  • Demographics
    White 80.9%
    Hispanic / Latino 2.6%
    Black / African American 12.5%
    Asian 1.0%
    Native American 0.2%

  Market & Regulatory Conditions For Indiana

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

  • Small-Business Friendliness
    Overall small business friendliness B+
    Ease of starting a small business B+
    Cost of hiring a new employee A
    Overall regulatory friendliness A-
    Friendliness of health and safety regulations A-
    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 C
    Publicity of networking programs D
    Current economic health of small business 29th/50
    Change in revenue over past 12 months 13th/50
    Forecast of small business's future economic health 14th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 19th/50
    Cost of Doing Business 21th/50
    Economy 30th/50
    Infrastructure 7th/50
    Workforce 27th/50
    Quality of life 44th/50
    Technology and innovation 25th/50
    Business friendliness 11th/50
    Education 15th/50
    Cost of living 7th/50
    Access to capital 37th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Indiana Corporate Tax Rate 7.0%
    Avg Local Corporate Tax Rate in Indiana 0.0%
    Avg Combined Corporate Tax Rate 7.0%
    Overall tax friendliness 8th/50
    Corporate tax rank 22th/50
    Individual income tax rank 10th/50
    Sales tax rank 10th/50
    Unemployment insurance tax rank 7th/50
    Property tax rank 5th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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