Market Research Report

Accounting Firm opportunities in Grand Prairie, TX
$78,524 Potential Yearly Earnings What's this number?
$279,766 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 $279,766.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $392,618 $588,928 $785,237 $832,490 $882,586
Net Costs $353,357 $530,035 $706,713 $749,241 $794,328
Net Operating Profits $39,262 $58,893 $78,524 $83,249 $88,259
Capital
      Startup Cost -$73,655
      Terminal Value $264,776
Net Cash Flow -$73,655 $39,262 $58,893 $78,524 $83,249 $353,034

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 Grand Prairie.

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

  Competitors

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

H&R Block National Competitor
1102 W Pioneer Pkwy Ste 135 Grand Prairie, TX 75051

H&R Block National Competitor
2305 W Interstate 20 Ste 110 Grand Prairie, TX 75052

H&R Block National Competitor
594 W Interstate 20 Ste 245 Grand Prairie, TX 75052

H&R Block National Competitor
114 E Main St Grand Prairie, TX 75050

Gail D. Wills Local Competitor
105 W Main St Grand Prairie, TX 75050

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

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  About Grand Prairie and its Consumers

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Grand Prairie is a city in Dallas, Ellis, and Tarrant counties in the U.S. state of Texas and is a part of the Mid-Cities region in the Dallas–Fort Worth metroplex. Grand Prairie is a suburb of Dallas with a population of 175,396 according to the 2010 census making it the fifteenth most populous city in the state of Texas. According to the United States Census Bureau, the city has a total area of 81.1 square miles (210.0 km2), of which 72.1 square miles (186.8 km2) is land and 9.0 square miles (23.3 km2), or 11.08%, is water. The West Fork of the Trinity River and a major tributary, Johnson Creek, flow through Grand Prairie. Grand Prairie has a long history of flooding from Johnson Creek. In the 1980s, a major Army Corps of Engineers project was begun to straighten the channel, which has reduced the damage of flooding. As of the census of 2000, there were 127,427 people, 43,791 households, and 32,317 families residing in the city. The population density was 1,784.6 people per square mile (689.1/km²). There were 46,425 housing units at an average density of 650.2 per square mile (251.0/km²).

Grand Prairie is a city in Dallas, Ellis, and Tarrant counties in the U.S. state of Texas and is a part of the Mid-Cities region in the Dallas–Fort Worth metroplex. Grand Prairie is a suburb of Dallas with a population of 175,396 according to the 2010 census making it the fifteenth most populous city in the state of Texas. According to the United States Census Bureau, the city has a total area...

description source
  • Population
    Population (2012) 181,824
    Population Density 2,521 ppl/sq mi
    Population Growth Rate 3.7%
    Median Income $49,929
    Median Age 31.4
    Unemployment 6.5%
    Family Household Percent 74.1%
    Avg. Household Size 3.0
    Avg. House Price $120,400
    Foreign Born 17.6%
    Married 34.0%
    Cost of Living 49.2%
  • Average Temperature
    January 46.5°F 8.1°C
    February 50.6°F 10.3°C
    March 57.9°F 14.4°C
    April 65.7°F 18.7°C
    May 73.7°F 23.2°C
    June 81.4°F 27.4°C
    July 85.6°F 29.8°C
    August 86.0°F 30.0°C
    September 78.3°F 25.7°C
    October 68.1°F 20.1°C
    November 57.1°F 13.9°C
    December 47.4°F 8.6°C
  • Demographics
    White 31.3%
    Hispanic / Latino 40.2%
    Black / African American 20.0%
    Asian 6.3%
    Native American 0.5%

  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 Grand Prairie based on a number of market characteristics. See More Results

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