Market Research Report

Accounting Firm opportunities in Orlando, FL
$59,570 Potential Yearly Earnings What's this number?
$208,790 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $208,790.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $297,851 $446,776 $595,701 $622,297 $650,081
Net Costs $268,065 $402,098 $536,131 $560,068 $585,073
Net Operating Profits $29,785 $44,678 $59,570 $62,230 $65,008
Capital
      Startup Cost -$54,924
      Terminal Value $195,024
Net Cash Flow -$54,924 $29,785 $44,678 $59,570 $62,230 $260,032

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 Orlando.

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

  Competitors

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

H&R Block National Competitor
2762 E Colonial Dr Ste 200-B Orlando, FL 32803

H&R Block National Competitor
4012 S Semoran Blvd Orlando, FL 32822

More Than Accounting LLC Local Competitor
4812 New Broad St Orlando, FL 32814

College Park Accounting Inc Local Competitor
4812 New Broad St Orlando, FL 32814

Ballantyne Accounting Local Competitor
903 N Pine Hills Rd Orlando, FL 32808

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

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  About Orlando and its Consumers

The City of Orlando, Florida is a vacation mecca for people from around the world. In fact, the entire Orlando region is home to an incredible assortment of family entertainment attractions, second to none. The Orlando area receives over 50 million tourists annually, and Orlando has the second largest number of hotel rooms in the country, after Las Vegas, Nevada .Orlando is also one of the busiest American cities for conferences and conventions. The city's namesake was a Second Seminole War soldier named Orlando Reeves, believed to have died in the area in the mid-1800's.Cinderella Castle at the Magic Kingdom, Walt Disney World Resort was modeled after Neuschwanstein Castle in Bavaria, Germany. Famous Orlando residents include the Backstreet Boys, Johnny Damon, NSYNC, Wesley Snipes, and of course, Mickey Mouse and Minnie Mouse. No city in Florida is more than 75 miles from either the Atlantic Ocean or the Gulf of Mexico.

The City of Orlando, Florida is a vacation mecca for people from around the world. In fact, the entire Orlando region is home to an incredible assortment of family entertainment attractions, second to none. The Orlando area receives over 50 million tourists annually, and Orlando has the second largest number of hotel rooms in the country, after Las Vegas, Nevada .Orlando is also one of the...

description source
  • Population
    Population (2012) 249,562
    Population Density 2,437 ppl/sq mi
    Population Growth Rate 4.7%
    Median Income $40,275
    Median Age 32.3
    Unemployment 6.5%
    Family Household Percent 52.5%
    Avg. Household Size 2.3
    Avg. House Price $154,100
    Foreign Born 16.6%
    Married 43.1%
    Cost of Living 48.3%
  • Average Temperature
    January 60.2°F 15.7°C
    February 63.2°F 17.3°C
    March 67.3°F 19.6°C
    April 71.9°F 22.2°C
    May 77.8°F 25.4°C
    June 81.9°F 27.7°C
    July 83.7°F 28.7°C
    August 83.6°F 28.7°C
    September 81.6°F 27.6°C
    October 75.9°F 24.4°C
    November 68.9°F 20.5°C
    December 63.0°F 17.2°C
  • Demographics
    White 37.3%
    Hispanic / Latino 28.5%
    Black / African American 27.0%
    Asian 4.7%
    Native American 0.2%

  Market & Regulatory Conditions For Florida

Third parties rate Florida'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 C
    Overall regulatory friendliness B-
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations B-
    Friendliness of tax code B+
    Friendliness of licensing regulations C+
    Friendliness of environmental regulations C+
    Friendliness of zoning regulations C+
    Publicity of training programs C
    Publicity of networking programs C+
    Current economic health of small business 34th/50
    Change in revenue over past 12 months 35th/50
    Forecast of small business's future economic health 23th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 20th/50
    Cost of Doing Business 37th/50
    Economy 11th/50
    Infrastructure 27th/50
    Workforce 3th/50
    Quality of life 28th/50
    Technology and innovation 12th/50
    Business friendliness 35th/50
    Education 38th/50
    Cost of living 31th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Florida Corporate Tax Rate 6.0%
    Avg Local Corporate Tax Rate in Florida 0.6%
    Avg Combined Corporate Tax Rate 6.6%
    Overall tax friendliness 5th/50
    Corporate tax rank 14th/50
    Individual income tax rank 1th/50
    Sales tax rank 12th/50
    Unemployment insurance tax rank 3th/50
    Property tax rank 16th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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