Market Research Report

Accounting Firm opportunities in Inglewood, CA
$23,777 Potential Yearly Earnings What's this number?
$55,063 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 4.2 years with a net present value of $55,063.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $118,885 $178,328 $237,770 $248,707 $260,148
Net Costs $106,997 $160,495 $213,993 $223,837 $234,133
Net Operating Profits $11,889 $17,833 $23,777 $24,871 $26,015
Capital
      Startup Cost -$50,349
      Terminal Value $78,044
Net Cash Flow -$50,349 $11,889 $17,833 $23,777 $24,871 $104,059

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 Inglewood.

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

  Competitors

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

H&R Block National Competitor
Serving the Inglewood Area.

H&R Block National Competitor
2656 W Imperial Hwy Inglewood, CA 90303

Whitmore Business Services Regional Competitor
15424 Hawthorne Blvd Lawndale, CA 90260

  Suppliers & Service Providers Contact List

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  About Inglewood and its Consumers

Incorporated in 1908, Inglewood is located in Los Angeles County, in Southern California. Inglewood is approximately twenty minutes southwest of Los Angeles, and twenty minutes northeast of Redondo Beach. Inglewood is approximately fifteen minutes from the Pacific Ocean. It is part of the Los Angeles metropolitan area, which is the second largest metropolitan area in the U.S. Inglewood's history started with the Centinela Adobe, which was built in 1834 by the son of a soldier. Inglewood was the first settlement to be created from the 25,000 acre Centinela Ranch. It was established in 1888 shortly after a railroad station had been built in the area. Two schools from the Inglewood Unified School District (IUSD), the Centinela Elementary School and the William H. Kelso Elementary School were named as "California Distinguished Schools". Nearby Los Angeles to the north was ranked as one of the top thirty "Most Fun U.S. Cities" in a 2004 study conducted by Cranium, Inc. Inglewood is 10 minutes east of Los Angeles International airport (LAX). LAX is the world's fifth busiest passenger airport. It also ranks seventh in air cargo tonnage handled.

Incorporated in 1908, Inglewood is located in Los Angeles County, in Southern California. Inglewood is approximately twenty minutes southwest of Los Angeles, and twenty minutes northeast of Redondo Beach. Inglewood is approximately fifteen minutes from the Pacific Ocean. It is part of the Los Angeles metropolitan area, which is the second largest metropolitan area in the U.S. Inglewood's...

description source
  • Population
    Population (2012) 111,182
    Population Density 12,260 ppl/sq mi
    Population Growth Rate 1.4%
    Median Income $37,999
    Median Age 33.0
    Unemployment 13.5%
    Family Household Percent 68.8%
    Avg. Household Size 3.0
    Avg. House Price $293,300
    Foreign Born 28.8%
    Married 42.0%
    Cost of Living 69.5%
  • Average Temperature
    January 56.3°F 13.5°C
    February 57.1°F 13.9°C
    March 57.9°F 14.4°C
    April 60.2°F 15.7°C
    May 62.8°F 17.1°C
    June 65.9°F 18.8°C
    July 69.1°F 20.6°C
    August 70.0°F 21.1°C
    September 69.3°F 20.7°C
    October 66.1°F 18.9°C
    November 61.4°F 16.3°C
    December 57.0°F 13.9°C
  • Demographics
    White 2.9%
    Hispanic / Latino 50.6%
    Black / African American 42.9%
    Asian 1.3%
    Native American 0.2%

  Market & Regulatory Conditions For California

Third parties rate California's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness F
    Ease of starting a small business D
    Cost of hiring a new employee C-
    Overall regulatory friendliness F
    Friendliness of health and safety regulations F
    Friendliness of employment, labor, and hiring regulations F
    Friendliness of tax code F
    Friendliness of licensing regulations F
    Friendliness of environmental regulations D
    Friendliness of zoning regulations D
    Publicity of training programs C-
    Publicity of networking programs D+
    Current economic health of small business 40th/50
    Change in revenue over past 12 months 40th/50
    Forecast of small business's future economic health 35th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 32th/50
    Cost of Doing Business 48th/50
    Economy 9th/50
    Infrastructure 24th/50
    Workforce 36th/50
    Quality of life 23th/50
    Technology and innovation 1th/50
    Business friendliness 48th/50
    Education 26th/50
    Cost of living 47th/50
    Access to capital 1th/50
    Source: CNBC (2014)
  • Tax Friendliness
    California Corporate Tax Rate 7.5%
    Avg Local Corporate Tax Rate in California 0.9%
    Avg Combined Corporate Tax Rate 8.4%
    Overall tax friendliness 48th/50
    Corporate tax rank 34th/50
    Individual income tax rank 50th/50
    Sales tax rank 42th/50
    Unemployment insurance tax rank 14th/50
    Property tax rank 14th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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