Market Research Report

Accounting Firm opportunities in Garland, TX
$71,728 Potential Yearly Earnings What's this number?
$255,410 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $255,410.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $358,639 $537,959 $717,279 $760,442 $806,203
Net Costs $322,776 $484,163 $645,551 $684,398 $725,583
Net Operating Profits $35,864 $53,796 $71,728 $76,044 $80,620
Capital
      Startup Cost -$67,424
      Terminal Value $241,861
Net Cash Flow -$67,424 $35,864 $53,796 $71,728 $76,044 $322,481

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 Garland.

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

  Competitors

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

H&R Block National Competitor
3035 Broadway Blvd Garland, TX 75041

H&R Block National Competitor
1011A NW Hwy Garland, TX 75041

H&R Block National Competitor
2334 W Buckingham Rd Ste 260 Garland, TX 75042

H&R Block National Competitor
3003 N President George Bush Hwy Ste 300 Garland, TX 75040

H&R Block National Competitor
1532 S 1st St Garland, TX 75040

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 Garland and its Consumers

Garland is a Texas city in the Dallas-Fort Worth Metropolitan area. The city is situated about 15 miles northeast of Dallas and is one of the state's most populous cities. Major highways traversing the city include Interstates I-30 and I-635; and Texas State Highways 66 and 78. Located nearby are U.S. Routes 75 and 80. The genesis of Garland can be traced to early rural communities and townships, the first of which was Duck Creek. Established during the mid-to-latter stages of the 19th century, Duck Creek became an agricultural community whose principal crop was cotton. The arrival of the Santa Fe Railroad in 1886, which bypassed old Duck Creek by almost a mile, gave rise to a competing community known as Embree. Later that same year, the Missouri, Kansas & Texas Railroad (MK&T) built its own station a little north of Embree and called it the new Duck Creek. The competition between the communities was resolved in 1887 when the government located a new post office between the two towns and named the new location Garland in honor of then U.S. Attorney General Augustus H. Garland.

Garland is a Texas city in the Dallas-Fort Worth Metropolitan area. The city is situated about 15 miles northeast of Dallas and is one of the state's most populous cities. Major highways traversing the city include Interstates I-30 and I-635; and Texas State Highways 66 and 78. Located nearby are U.S. Routes 75 and 80. The genesis of Garland can be traced to early rural communities and...

description source
  • Population
    Population (2012) 233,564
    Population Density 4,091 ppl/sq mi
    Population Growth Rate 2.9%
    Median Income $50,198
    Median Age 33.4
    Unemployment 6.8%
    Family Household Percent 74.3%
    Avg. Household Size 3.0
    Avg. House Price $113,900
    Foreign Born 27.0%
    Married 32.0%
    Cost of Living 49.3%
  • Average Temperature
    January 52.4°F 11.3°C
    February 56.0°F 13.3°C
    March 61.8°F 16.6°C
    April 68.8°F 20.4°C
    May 76.4°F 24.7°C
    June 81.6°F 27.6°C
    July 83.6°F 28.7°C
    August 83.4°F 28.6°C
    September 78.9°F 26.1°C
    October 70.8°F 21.6°C
    November 61.6°F 16.4°C
    December 54.1°F 12.3°C
  • Demographics
    White 31.1%
    Hispanic / Latino 41.2%
    Black / African American 11.5%
    Asian 10.7%
    Native American 0.1%

  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/50
    Source: 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/50
    Source: 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/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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