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 $244,878.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$34,834||$52,252||$69,669||$72,734||$75,935|
|Net Cash Flow||-$63,329||$34,834||$52,252||$69,669||$72,734||$303,739|
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 Fayetteville.
- July temperature
- median income
- August temperature
- gross rent
- land area
- population density
- house price
- business activity
- February temperature
- April temperature
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
5075 Morganton Rd Ste 5B Fayetteville, NC 28314
3915 Ramsey St Ste 104 Fayetteville, NC 28311
5540 Camden Rd Fayetteville, NC 28306
2956 Owen Dr Fayetteville, NC 28306
Quickpro Tax Service LLC
1404 Snowy Egret Dr Fayetteville, NC 28306
TIP: Your market is dominated by national chains. Consider entering the market with an independant business or a regional franchise.
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About Fayetteville and its Consumers
Fayetteville is a city in Cumberland County, North Carolina, United States. It is the county seat of Cumberland County, and is best known as the home of Fort Bragg, a major U.S. Army installation northwest of the city. Fayetteville has received the prestigious All-America City Award from the National Civic League three times. As of the 2010 census it had a population of 200,564, with an estimated population of 204,408 in 2013. It currently ranks as the sixth-largest municipality in North Carolina. Fayetteville is in the Sandhills in the western part of the Coastal Plain region, on the Cape Fear River.
Fayetteville is a city in Cumberland County, North Carolina, United States. It is the county seat of Cumberland County, and is best known as the home of Fort Bragg, a major U.S. Army installation northwest of the city. Fayetteville has received the prestigious All-America City Award from the National Civic League three times. As of the 2010 census it had a population of 200,564, with an...description source
Population Population (2012) 202,103 Population Density 1,385 ppl/sq mi Population Growth Rate 0.8% Median Income $43,379 Median Age 29.8 Unemployment 8.1% Family Household Percent 65.4% Avg. Household Size 2.5 Avg. House Price $132,100 Foreign Born 5.5% Married 31.6% Cost of Living 47.7%
Demographics White 41.5% Hispanic / Latino 10.4% Black / African American 39.8% Asian 3.4% Native American 0.7%
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/50Source: 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/50Source: 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/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.