Market Research Report
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 Operating Profits||$31,391||$47,086||$62,781||$65,965||$69,309|
|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.
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.
- July temperature
- August temperature
- median income
- gross rent
- population density
- land area
- business activity
- house price
- February temperature
- nearby population
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
Unique Accounting - CPA Firm
3824 S Jones Blvd Suite B Las Vegas, NV 89103
Gerety & Associates, CPAs
6817 S Eastern Ave , Suite 101 Las Vegas, NV 89119
Kelly Tate CPA
6870 S Rainbow Blvd #112 Las Vegas, NV 89118
Rainbow Tax Service, Inc
777 N Rainbow Blvd Ste 245 Las Vegas, NV 89107
Howard Fuller CPA
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.
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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 casinohotels 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%
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/50Source: 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/50Source: 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/50Source: Tax Foundation (2015)
Resources to Get Started
Now that you have a potential location and idea for your business, here is a list of helpful resources you may need to get started.