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 $212,270.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$30,098||$45,146||$60,195||$63,028||$65,994|
|Net Cash Flow||-$54,898||$30,098||$45,146||$60,195||$63,028||$263,976|
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 Glendale.
- July temperature
- median income
- August temperature
- gross rent
- population density
- business activity
- February temperature
- house price
- land area
- nearby population
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
4337 W Bethany Home Rd Glendale, AZ 85301
9015 N 51st Ave Glendale, AZ 85302
5821 N 67th Ave Ste 108 Glendale, AZ 85301
Creative Solutions Accounting & Tax Services
7942 W Bell Rd Suite C-507 Glendale, AZ 85308
Five Star Tax Centers
5939 W Bell Rd Glendale, AZ 85308
TIP: Your market is dominated by national chains. Consider entering the market with an independant business or a regional franchise.
Suppliers & Service Providers Contact List
Get business insurance for your venture
Find great rates on business insurance.
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.
Access angel investors around the U.S.
Get Angels to invest in your business.
Access angel investment today!
About Glendale and its Consumers
Glendale is a city in Maricopa County, Arizona, United States, located about 9 miles (14 km)) northwest fromDowntown Phoenix. According to the 2010 census, the population of the city is 226,721. Glendale is the site of two major sports venues: University of Phoenix Stadium and Jobing.com Arena. Both venues are part of the Glendale Sports and Entertainment District development plan, meant to spur growth in the sparsely inhabited Yucca district. Both venues are owned by the City of Glendale. There are a number of higher education campuses in Glendale. Glendale Community College and Glendale Community College North, just across the border in northwestern Phoenix, are members of the Maricopa County Community College District, while Arizona State Universityhas its West campus just across the border from Glendale in west Phoenix. Midwestern University is a graduate college of medicine located in Glendale. Thunderbird School of Global Management is a graduate school specializing in international management located in Glendale.
Glendale is a city in Maricopa County, Arizona, United States, located about 9 miles (14 km)) northwest fromDowntown Phoenix. According to the 2010 census, the population of the city is 226,721. Glendale is the site of two major sports venues: University of Phoenix Stadium and Jobing.com Arena. Both venues are part of the Glendale Sports and Entertainment District development plan, meant to...description source
Population Population (2012) 232,143 Population Density 3,870 ppl/sq mi Population Growth Rate 2.4% Median Income $48,079 Median Age 32.5 Unemployment 6.9% Family Household Percent 69.2% Avg. Household Size 2.8 Avg. House Price $122,800 Foreign Born 18.0% Married 38.5% Cost of Living 47.8%
Demographics White 52.7% Hispanic / Latino 37.0% Black / African American 3.5% Asian 3.5% Native American 0.5%
Market & Regulatory Conditions For Arizona
Third parties rate Arizona'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 B- Cost of hiring a new employee B- Overall regulatory friendliness C+ Friendliness of health and safety regulations B- Friendliness of employment, labor, and hiring regulations B Friendliness of tax code C+ Friendliness of licensing regulations C Friendliness of environmental regulations C+ Friendliness of zoning regulations C Publicity of training programs D Publicity of networking programs B+ Current economic health of small business 22th/50 Change in revenue over past 12 months 20th/50 Forecast of small business's future economic health 26th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 13th/50 Cost of Doing Business 28th/50 Economy 15th/50 Infrastructure 8th/50 Workforce 2th/50 Quality of life 27th/50 Technology and innovation 19th/50 Business friendliness 16th/50 Education 50th/50 Cost of living 27th/50 Access to capital 5th/50Source: CNBC (2014)
Tax Friendliness Arizona Corporate Tax Rate 5.6% Avg Local Corporate Tax Rate in Arizona 2.6% Avg Combined Corporate Tax Rate 8.2% Overall tax friendliness 23th/50 Corporate tax rank 24th/50 Individual income tax rank 19th/50 Sales tax rank 49th/50 Unemployment insurance tax rank 4th/50 Property tax rank 6th/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.