Market Research Report

Accounting Firm opportunities in Las Vegas, NV
$62,781 Potential Yearly Earnings What's this number?
$220,340 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 $220,340.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $313,907 $470,860 $627,813 $659,647 $693,095
Net Costs $282,516 $423,774 $565,032 $593,682 $623,785
Net Operating Profits $31,391 $47,086 $62,781 $65,965 $69,309
Capital
      Startup Cost -$59,391
      Terminal Value $207,928
Net Cash Flow -$59,391 $31,391 $47,086 $62,781 $65,965 $277,238

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 Las Vegas.

  1. July temperature
  2. August temperature
  3. median income
  4. gross rent
  5. population density
  6. land area
  7. business activity
  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.

Unique Accounting - CPA Firm Regional Competitor
3824 S Jones Blvd Suite B Las Vegas, NV 89103

Gerety & Associates, CPAs Local Competitor
6817 S Eastern Ave , Suite 101 Las Vegas, NV 89119

Kelly Tate CPA Local Competitor
6870 S Rainbow Blvd #112 Las Vegas, NV 89118

Rainbow Tax Service, Inc Local Competitor
777 N Rainbow Blvd Ste 245 Las Vegas, NV 89107

Howard Fuller CPA Local Competitor
4330 S Valley View Blvd Suite 126 Las Vegas, NV 89103

TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.

  Suppliers & Service Providers Contact List

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  About Las Vegas and its Consumers

Las Vegas, officially the City of Las Vegas and often known as simply Vegas, is the most populous city in the state of Nevada and the county seat of Clark County.Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino–hotels and associated entertainment. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a population at the 2010 census of 583,756. The 2010 population of the Las Vegas metropolitan area was 1,951,269.The city is one of the top three leading destinations in the United States for conventions, business and meetings. Today, Las Vegas is one of the top tourist destinations in the world.Las Vegas is commonly used to describe not just the city, but areas beyond the city limits - especially the resort areas on and near the Las Vegas Strip - and the Las Vegas Valley.

Las Vegas, officially the City of Las Vegas and often known as simply Vegas, is the most populous city in the state of Nevada and the county seat of Clark County.Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada. The city bills itself as The...

description source
  • Population
    Population (2012) 596,424
    Population Density 4,391 ppl/sq mi
    Population Growth Rate 2.2%
    Median Income $46,995
    Median Age 36.0
    Unemployment 10.0%
    Family Household Percent 65.5%
    Avg. Household Size 2.7
    Avg. House Price $153,200
    Foreign Born 21.8%
    Married 32.3%
    Cost of Living 49.6%
  • Average Temperature
    January 46.6°F 8.1°C
    February 50.7°F 10.4°C
    March 57.7°F 14.3°C
    April 64.6°F 18.1°C
    May 75.2°F 24.0°C
    June 85.1°F 29.5°C
    July 90.8°F 32.7°C
    August 88.9°F 31.6°C
    September 80.4°F 26.9°C
    October 67.5°F 19.7°C
    November 54.4°F 12.4°C
    December 46.1°F 7.8°C
  • Demographics
    White 45.5%
    Hispanic / Latino 32.0%
    Black / African American 11.3%
    Asian 6.6%
    Native American 0.6%

  Market & Regulatory Conditions For Nevada

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

  • Small-Business Friendliness
    Overall small business friendliness B+
    Ease of starting a small business B
    Cost of hiring a new employee D+
    Overall regulatory friendliness A-
    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 A
    Friendliness of zoning regulations A-
    Publicity of training programs D+
    Publicity of networking programs A
    Current economic health of small business 43th/50
    Change in revenue over past 12 months 42th/50
    Forecast of small business's future economic health 11th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 29th/50
    Cost of Doing Business 25th/50
    Economy 21th/50
    Infrastructure 19th/50
    Workforce 14th/50
    Quality of life 35th/50
    Technology and innovation 35th/50
    Business friendliness 22th/50
    Education 49th/50
    Cost of living 30th/50
    Access to capital 15th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Nevada Corporate Tax Rate 6.9%
    Avg Local Corporate Tax Rate in Nevada 1.1%
    Avg Combined Corporate Tax Rate 7.9%
    Overall tax friendliness 3th/50
    Corporate tax rank 1th/50
    Individual income tax rank 1th/50
    Sales tax rank 39th/50
    Unemployment insurance tax rank 43th/50
    Property tax rank 9th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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