Market Research Report
Based on the parameters below, we project this business would break even in 2.4 years with a net present value of $172,894.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$26,957||$40,435||$53,913||$55,908||$57,976|
|Net Cash Flow||-$63,833||$26,957||$40,435||$53,913||$55,908||$231,905|
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 Manchester.
- median income
- July temperature
- August temperature
- gross rent
- population density
- house price
- business activity
- land area
- nearby population
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
865 2nd St Units 11 And 13 Manchester, NH 03102
575 S Willow St Ste 5 And 6 Manchester, NH 03103
Serving the Manchester Area.
TIP: Your market is dominated by national chains. Consider entering the market with an independant business or a regional franchise.
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About Manchester and its Consumers
Manchester is New Hampshire's largest city and also one of the largest in New England. Located in south-central New Hampshire along the banks of the Merrimack River, Manchester lies in Hillsborough County, about 58 miles north of Boston. The city is served by Manchester-Boston Regional Airport, and is surrounded by several major thoroughfares. These include Interstates I-93 and I-293: U.S. Route 3; and New Hampshire State Highways 28, 101, and 114. Manchester is often referred to as the "Queen City" because it is the New Hampshire's largest city yet not its state capital. Manchester is home to a majority of New Hampshires major cultural institutions and landmarks. The Currier Museum of Art is an internationally renowned art museum and one of the nation's finest small galleries. The Palace Theatre is home to the New Hampshire Symphony Orchestra and the Opera League of New Hampshire. The Millyard Museum chronicles the long history in the city beginning with the Native Americans who first settled it.
Manchester is New Hampshire's largest city and also one of the largest in New England. Located in south-central New Hampshire along the banks of the Merrimack River, Manchester lies in Hillsborough County, about 58 miles north of Boston. The city is served by Manchester-Boston Regional Airport, and is surrounded by several major thoroughfares. These include Interstates I-93 and I-293: U.S....description source
Population Population (2012) 110,209 Population Density 3,329 ppl/sq mi Population Growth Rate 0.6% Median Income $51,082 Median Age 36.2 Unemployment 5.4% Family Household Percent 57.0% Avg. Household Size 2.3 Avg. House Price $209,700 Foreign Born 11.3% Married 38.4% Cost of Living 62.1%
Demographics White 82.0% Hispanic / Latino 8.1% Black / African American 3.7% Asian 3.6% Native American 0.2%
Market & Regulatory Conditions For New Hampshire
Third parties rate New Hampshire's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness A Ease of starting a small business A Cost of hiring a new employee D Overall regulatory friendliness B Friendliness of health and safety regulations C Friendliness of employment, labor, and hiring regulations B+ Friendliness of tax code A- Friendliness of licensing regulations A Friendliness of environmental regulations B- Friendliness of zoning regulations C Publicity of training programs C- Publicity of networking programs B Current economic health of small business 15th/50 Change in revenue over past 12 months 32th/50 Forecast of small business's future economic health 44th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 30th/50 Cost of Doing Business 32th/50 Economy 33th/50 Infrastructure 48th/50 Workforce 41th/50 Quality of life 3th/50 Technology and innovation 26th/50 Business friendliness 13th/50 Education 10th/50 Cost of living 43th/50 Access to capital 19th/50Source: CNBC (2014)
Tax Friendliness New Hampshire Corporate Tax Rate 0.0% Avg Local Corporate Tax Rate in New Hampshire 0.0% Avg Combined Corporate Tax Rate 0.0% Overall tax friendliness 7th/50 Corporate tax rank 48th/50 Individual income tax rank 9th/50 Sales tax rank 2th/50 Unemployment insurance tax rank 44th/50 Property tax rank 43th/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.
Suggested Cities & Businesses
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