Market Research Report

Accounting Firm opportunities in Long Beach, CA
$67,252 Potential Yearly Earnings What's this number?
$207,226 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 $207,226.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $336,260 $504,390 $672,520 $703,456 $735,815
Net Costs $302,634 $453,951 $605,268 $633,110 $662,233
Net Operating Profits $33,626 $50,439 $67,252 $70,346 $73,581
Capital
      Startup Cost -$90,925
      Terminal Value $220,744
Net Cash Flow -$90,925 $33,626 $50,439 $67,252 $70,346 $294,326

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 Long Beach.

  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. land area
  10. nearby population

  Competitors

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

H&R Block National Competitor
1201 E 7th St Long Beach, CA 90813

H&R Block National Competitor
4706 E 2nd St Long Beach, CA 90803

H&R Block National Competitor
1940 N Lakewood Blvd Long Beach, CA 90815

H&R Block National Competitor
400 Long Beach Blvd Ste L-100 Long Beach, CA 90802

F & S Services Regional Competitor
2527 Pacific Ave Long Beach, CA 90806

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 Long Beach and its Consumers

Long Beach is a city in Los Angeles County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the United States and the seventh-largest in California. As of 2010, its population was 462,257.In addition, Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long Beach-Santa Ana metropolitan area. The city is a dominant maritime center of the United States. The Port of Long Beach is the United States' second busiest container port and one of the world's largest shipping ports.The city also maintains a large oil industry with wells located both underground and offshore. Manufacturing sectors include those in aircraft, car parts, electronic and audiovisual equipment, and home furnishings. It is also home to headquarters for corporations including Epson America, Molina Healthcare, and SCAN Health Plan. Downtown Long Beach is located approximately 22 miles (35 km) south of Downtown Los Angeles, though the two cities border each other for several miles on Long Beach's southwestern portion. Long Beach borders Orange County on its southeast edge.

Long Beach is a city in Los Angeles County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the United States and the seventh-largest in California. As of 2010, its population was 462,257.In addition, Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long...

description source
  • Population
    Population (2012) 467,892
    Population Density 9,303 ppl/sq mi
    Population Growth Rate 1.2%
    Median Income $51,214
    Median Age 33.2
    Unemployment 11.9%
    Family Household Percent 60.7%
    Avg. Household Size 2.8
    Avg. House Price $420,700
    Foreign Born 27.8%
    Married 42.9%
    Cost of Living 70.9%
  • Average Temperature
    January 56.3°F 13.5°C
    February 57.3°F 14.1°C
    March 59.1°F 15.1°C
    April 62.0°F 16.7°C
    May 65.2°F 18.4°C
    June 68.7°F 20.4°C
    July 73.0°F 22.8°C
    August 74.4°F 23.6°C
    September 72.5°F 22.5°C
    October 67.9°F 19.9°C
    November 61.4°F 16.3°C
    December 56.2°F 13.4°C
  • Demographics
    White 29.0%
    Hispanic / Latino 40.7%
    Black / African American 13.9%
    Asian 11.5%
    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 Long Beach based on a number of market characteristics. See More Results

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