Market Research Report

Accounting Firm opportunities in Jackson, MS
$19,684 Potential Yearly Earnings What's this number?
$59,369 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.7 years with a net present value of $59,369.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $98,421 $147,632 $196,843 $203,744 $210,887
Net Costs $88,579 $132,869 $177,159 $183,370 $189,798
Net Operating Profits $9,842 $14,763 $19,684 $20,374 $21,089
Capital
      Startup Cost -$26,884
      Terminal Value $63,266
Net Cash Flow -$26,884 $9,842 $14,763 $19,684 $20,374 $84,355

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 Jackson.

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

  Competitors

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

H&R Block National Competitor
1335 Ellis Ave Space 13 Jackson, MS 39204

H&R Block National Competitor
4151 Northview Dr Jackson, MS 39206

Stephen Smith & Company PC Regional Competitor
1855 Crane Ridge Dr Jackson, MS 39216

Breland, Coker & Floyd Local Competitor
4551 Office Park Dr Jackson, MS 39206

Haddox Reid Eubank Betts PLLC Local Competitor
188 E Capitol St Jackson, MS 39201

  Suppliers & Service Providers Contact List

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  About Jackson and its Consumers

Jackson is the capital and since 1944 the largest city of the U.S. state of Mississippi. Located south of the Yazoo River, it is considered to be at the southern border of the Mississippi Delta and is one of two county seats of Hinds County, with the city of Raymond being the other. The city, the anchor for its metro area, is named after Andrew Jackson, who was honored for his role in the Battle of New Orleans and later was elected as US president. The current slogan for the city is "Jackson, Mississippi: City with Soul."It has had numerous musicians prominent in blues, gospel and jazz, and was known for decades for its illegal nightclubs on the Gold Coast; one site has been designated for the Mississippi Blues Trail. It had a decline in population from 184,256 at the 2000 census to 173,514 at the 2010 census. The 2010 census ascribed a population of 539,057 to the five-county Jackson metropolitan area.The city is ranked third as the best "Bang For Your Buck" city among the United States' 100 largest metro areas, according to Forbes magazine.The study measured overall affordability in living costs, housing rates, and more.

Jackson is the capital and since 1944 the largest city of the U.S. state of Mississippi. Located south of the Yazoo River, it is considered to be at the southern border of the Mississippi Delta and is one of two county seats of Hinds County, with the city of Raymond being the other. The city, the anchor for its metro area, is named after Andrew Jackson, who was honored for his role in the...

description source
  • Population
    Population (2012) 175,437
    Population Density 1,579 ppl/sq mi
    Population Growth Rate 1.1%
    Median Income $31,370
    Median Age 31.3
    Unemployment 8.4%
    Family Household Percent 63.7%
    Avg. Household Size 2.6
    Avg. House Price $86,700
    Foreign Born 1.7%
    Married 47.0%
    Cost of Living 44.9%
  • Average Temperature
    January 45.7°F 7.6°C
    February 49.5°F 9.7°C
    March 56.9°F 13.8°C
    April 64.1°F 17.8°C
    May 72.3°F 22.4°C
    June 79.0°F 26.1°C
    July 81.6°F 27.6°C
    August 81.3°F 27.4°C
    September 75.6°F 24.2°C
    October 65.1°F 18.4°C
    November 55.7°F 13.2°C
    December 47.8°F 8.8°C
  • Demographics
    White 18.0%
    Hispanic / Latino 1.6%
    Black / African American 79.1%
    Asian 0.4%
    Native American 0.1%

  Market & Regulatory Conditions For Mississippi

Third parties rate Mississippi'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 C-
    Cost of hiring a new employee A+
    Overall regulatory friendliness B+
    Friendliness of health and safety regulations B
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code A
    Friendliness of licensing regulations B+
    Friendliness of environmental regulations B+
    Friendliness of zoning regulations B+
    Publicity of training programs F
    Publicity of networking programs F
    Current economic health of small business 25th/50
    Change in revenue over past 12 months 36th/50
    Forecast of small business's future economic health 36th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 36th/50
    Cost of Doing Business 4th/50
    Economy 26th/50
    Infrastructure 31th/50
    Workforce 17th/50
    Quality of life 38th/50
    Technology and innovation 47th/50
    Business friendliness 49th/50
    Education 48th/50
    Cost of living 6th/50
    Access to capital 31th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Mississippi Corporate Tax Rate 7.0%
    Avg Local Corporate Tax Rate in Mississippi 0.0%
    Avg Combined Corporate Tax Rate 7.0%
    Overall tax friendliness 18th/50
    Corporate tax rank 11th/50
    Individual income tax rank 21th/50
    Sales tax rank 28th/50
    Unemployment insurance tax rank 8th/50
    Property tax rank 33th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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