Market Research Report

Accounting Firm opportunities in Glendale, AZ
$60,195 Potential Yearly Earnings What's this number?
$212,270 Net Present Value What's this number?

  Financial Projections

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 Revenues $300,977 $451,465 $601,953 $630,280 $659,940
Net Costs $270,879 $406,318 $541,758 $567,252 $593,946
Net Operating Profits $30,098 $45,146 $60,195 $63,028 $65,994
Capital
      Startup Cost -$54,898
      Terminal Value $197,982
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.

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 Glendale.

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

  Competitors

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

H&R Block National Competitor
4337 W Bethany Home Rd Glendale, AZ 85301

H&R Block National Competitor
9015 N 51st Ave Glendale, AZ 85302

H&R Block National Competitor
5821 N 67th Ave Ste 108 Glendale, AZ 85301

Creative Solutions Accounting & Tax Services Regional Competitor
7942 W Bell Rd Suite C-507 Glendale, AZ 85308

Five Star Tax Centers Local Competitor
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
    Hiscox

    Find great rates on business insurance.

    Get insured!

       

  • Free help for entrepreneurs
    Sbdc

    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.
    Gust

    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%
  • Average Temperature
    January 51.0°F 10.6°C
    February 55.0°F 12.8°C
    March 59.0°F 15.0°C
    April 66.0°F 18.9°C
    May 74.0°F 23.3°C
    June 83.0°F 28.3°C
    July 90.0°F 32.2°C
    August 88.0°F 31.1°C
    September 82.0°F 27.8°C
    October 71.0°F 21.7°C
    November 59.0°F 15.0°C
    December 51.0°F 10.6°C
  • 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/50
    Source: 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/50
    Source: 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/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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