Market Research Report

Accounting Firm opportunities in Fort Lauderdale, FL
$34,008 Potential Yearly Earnings What's this number?
$97,991 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 3.1 years with a net present value of $97,991.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $170,038 $255,058 $340,077 $355,260 $371,122
Net Costs $153,035 $229,552 $306,069 $319,734 $334,010
Net Operating Profits $17,004 $25,506 $34,008 $35,526 $37,112
Capital
      Startup Cost -$52,559
      Terminal Value $111,337
Net Cash Flow -$52,559 $17,004 $25,506 $34,008 $35,526 $148,449

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 Fort Lauderdale.

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

  Competitors

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

Bottom Line Payroll Services Regional Competitor
3333 W Commercial Blvd Fort Lauderdale, FL 33309

Brian Lynn CPA PA Regional Competitor
2 S University Dr Fort Lauderdale, FL 33324

Jorge Ramirez CPA, P.A. Regional Competitor
6550 N Federal Hwy Suite 511 Fort Lauderdale, FL 33308

Keefe McCullough & Co. CPA Local Competitor
6550 N Federal Hwy Fort Lauderdale, FL 33308

Fox Tax Service Local Competitor
3540 N University Dr Fort Lauderdale, FL 33351

TIP: Your market is dominated by regional chains. Consider entering the market with an independant business or a national franchise.

  Suppliers & Service Providers Contact List

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  About Fort Lauderdale and its Consumers

Fort Lauderdale is a city in the U.S. state of Florida, on the Atlantic coast 23 miles (37 km) north of Miami. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010 census. The city is a popular tourist destination, with an average year-round temperature of 77 degrees and an annual 3,000 hours of sunshine. Greater Fort Lauderdale which takes in all of Broward County hosted 12 million visitors in 2012, including 2.8 million international visitors. The city and county in 2012 collected $43.9 million from the 5% bed tax it charges, after hotels in the area recorded an occupancy rate for the year of 72.7 percent and an average daily rate of $114.48. The district has 561 hotels and motels comprising nearly 35,000 rooms. Forty six cruise ships sailed from Port Everglades in 2012. Greater Fort Lauderdale has over 4,000 restaurants, 63 golf courses, 12 shopping malls, 16 museums, 132 nightclubs, 278 parkland campsites, and 100 marinas housing 45,000 resident yachts.

Fort Lauderdale is a city in the U.S. state of Florida, on the Atlantic coast 23 miles (37 km) north of Miami. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010 census. The city is a popular tourist destination, with an average...

description source
  • Population
    Population (2012) 170,747
    Population Density 4,911 ppl/sq mi
    Population Growth Rate 3.2%
    Median Income $46,145
    Median Age 42.1
    Unemployment 5.9%
    Family Household Percent 47.6%
    Avg. Household Size 2.2
    Avg. House Price $237,800
    Foreign Born 23.3%
    Married 41.4%
    Cost of Living 59.7%
  • Average Temperature
    January 66.7°F 19.3°C
    February 68.6°F 20.3°C
    March 71.3°F 21.8°C
    April 74.8°F 23.8°C
    May 78.6°F 25.9°C
    June 81.9°F 27.7°C
    July 83.3°F 28.5°C
    August 83.5°F 28.6°C
    September 82.1°F 27.8°C
    October 78.9°F 26.1°C
    November 73.6°F 23.1°C
    December 69.3°F 20.7°C
  • Demographics
    White 52.5%
    Hispanic / Latino 13.7%
    Black / African American 30.4%
    Asian 1.5%
    Native American 0.2%

  Market & Regulatory Conditions For Florida

Third parties rate Florida'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 C
    Overall regulatory friendliness B-
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code B+
    Friendliness of licensing regulations C+
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs C
    Publicity of networking programs C+
    Current economic health of small business 34th/50
    Change in revenue over past 12 months 35th/50
    Forecast of small business's future economic health 23th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 20th/50
    Cost of Doing Business 37th/50
    Economy 11th/50
    Infrastructure 27th/50
    Workforce 3th/50
    Quality of life 28th/50
    Technology and innovation 12th/50
    Business friendliness 35th/50
    Education 38th/50
    Cost of living 31th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Florida Corporate Tax Rate 6.0%
    Avg Local Corporate Tax Rate in Florida 0.6%
    Avg Combined Corporate Tax Rate 6.6%
    Overall tax friendliness 5th/50
    Corporate tax rank 14th/50
    Individual income tax rank 1th/50
    Sales tax rank 12th/50
    Unemployment insurance tax rank 3th/50
    Property tax rank 16th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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