Market Research Report
Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $325,714.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$45,774||$68,662||$91,549||$97,058||$102,898|
|Net Cash Flow||-$86,331||$45,774||$68,662||$91,549||$97,058||$411,594|
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 Fort Worth.
- July temperature
- median income
- August temperature
- gross rent
- land area
- population density
- business activity
- house price
- February temperature
- nearby population
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
Mayer Mary Elaine CPA
5601 Airport Fwy Fort Worth, TX 76111
Don Brown Tax Service, Inc
1001 S Cherry Ln Fort Worth, TX 76108
Ken Engle CPA
Fort Worth, TX 76102
Deborah McDowell Cain CPA, PC
4200 S Hulen St Fort Worth, TX 76109
Kapp & Miller PC
550 Bailey Ave Suite 220 Fort Worth, TX 76107
TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
Suppliers & Service Providers Contact List
Free help for entrepreneurs
Our experienced entrepreneurs can help you reach your goals.
We provide free business mentoring for entrepreneurs.
Business for sale listing from around the U.S.
Find great businesses for sale.
Find businesses for sale now!
Free help for entrepreneurs
Our professionals can help you get your business going.
We can help with your business plan! We have expertise and datasets.
About Fort Worth and its Consumers
Fort Worth is the 17th-largest city in the United States of America and the fifth-largest city in the state of Texas. The city is located in North Central Texas and covers nearly 350 square miles (910 km2) in Tarrant, Denton, Parker, and Wise counties—serving as the seat for Tarrant County. According to the 2013 census estimates, Fort Worth had a population of 792,727. The city is the second-largest in the Dallas–Fort Worth–Arlington metropolitan area. The city was established in 1849 as an Army outpost on a bluff overlooking the Trinity River. Today Fort Worth still embraces its Western heritage and traditional architecture and design. USS Fort Worth (LCS-3) is the first ship of the United States Navy named after the city.
Fort Worth is the 17th-largest city in the United States of America and the fifth-largest city in the state of Texas. The city is located in North Central Texas and covers nearly 350 square miles (910 km2) in Tarrant, Denton, Parker, and Wise counties—serving as the seat for Tarrant County. According to the 2013 census estimates, Fort Worth had a population of 792,727. The city is the...description source
Population Population (2012) 777,992 Population Density 2,289 ppl/sq mi Population Growth Rate 5.0% Median Income $47,399 Median Age 31.4 Unemployment 6.6% Family Household Percent 67.4% Avg. Household Size 2.8 Avg. House Price $120,300 Foreign Born 16.2% Married 32.6% Cost of Living 49.4%
Demographics White 42.1% Hispanic / Latino 34.8% Black / African American 17.6% Asian 3.2% Native American 0.3%
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.