Market Research Report

Accounting Firm opportunities in Reno, NV
$47,158 Potential Yearly Earnings What's this number?
$162,443 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.0 years with a net present value of $162,443.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $235,791 $353,686 $471,582 $495,494 $520,618
Net Costs $212,212 $318,318 $424,424 $445,945 $468,557
Net Operating Profits $23,579 $35,369 $47,158 $49,549 $52,062
Capital
      Startup Cost -$47,677
      Terminal Value $156,186
Net Cash Flow -$47,677 $23,579 $35,369 $47,158 $49,549 $208,247

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 Reno.

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

  Competitors

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

Thunder Rand & Co Regional Competitor
1325 Airmotive Way Ste 125 Reno, NV 89502

Thunder Rand & Co Regional Competitor
1325 Airmotive Way Ste 125 Reno, NV 89502

Simpkins Ronald D CPA Local Competitor
1155 W 4th St Reno, NV 89503

Mark Robertson CPA Local Competitor
1875 Plumas St Reno, NV 89509

Persing Professional Group LLC Local Competitor
5525 Kietzke Ln Suite 100 Reno, NV 89511

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

  Suppliers & Service Providers Contact List

  • Customer Interviews
    Cint

    Connect with audiences in a whole new way

    The easiest way to access consumer data and survey communities in real time.

       

  • Business for sale listing from around the U.S.
    Bizbuysell

    Find great businesses for sale.

    Find businesses for sale now!

       

  • Get a great business loan today!
    Fundera

    Get a business loan that suits your needs.

    Get the business loan you need and want.

       

  About Reno and its Consumers

88 88

Reno, Nevada is known as the "Biggest Little City in the World" and is famous for its casinos and for being the birthplace of Harrah’s Entertainment, one of the largest gaming corporations in the world. It is also the headquarters for International Game Technology, which is responsible for manufacturing a majority of the world’s slot machines. Reno has a population of 180,000, making it the third largest city in Nevada. Reno has a large number of gyms and fitness facilities where members can enjoy basketball, racquetball, swimming, or consulting with a personal trainer. Golf is huge here, and Reno has world-class courses like PGA Tour host Montreux Golf and Country Club. Reno has the National Bowling Stadium, which is a destination for any bowling enthusiast. The Stadium was the site of the final bowling showdown scenes in the movie "Kingpin". Ballooning is a popular sport in Reno, and the Great Balloon Race is held here every September. Recreational vehicles are also popular in the area, allowing people to explore northern Nevada.

Reno, Nevada is known as the "Biggest Little City in the World" and is famous for its casinos and for being the birthplace of Harrah’s Entertainment, one of the largest gaming corporations in the world. It is also the headquarters for International Game Technology, which is responsible for manufacturing a majority of the world’s slot machines. Reno has a population of 180,000, making it the...

description source
  • Population
    Population (2012) 231,027
    Population Density 2,242 ppl/sq mi
    Population Growth Rate 2.6%
    Median Income $44,846
    Median Age 34.3
    Unemployment 9.4%
    Family Household Percent 56.2%
    Avg. Household Size 2.4
    Avg. House Price $178,200
    Foreign Born 17.4%
    Married 35.9%
    Cost of Living 53.0%
  • Average Temperature
    January 34.3°F 1.3°C
    February 38.0°F 3.3°C
    March 44.0°F 6.7°C
    April 49.2°F 9.6°C
    May 57.7°F 14.3°C
    June 66.7°F 19.3°C
    July 76.1°F 24.5°C
    August 73.6°F 23.1°C
    September 64.9°F 18.3°C
    October 53.5°F 11.9°C
    November 42.2°F 5.7°C
    December 34.3°F 1.3°C
  • Demographics
    White 61.9%
    Hispanic / Latino 25.3%
    Black / African American 3.3%
    Asian 5.8%
    Native American 0.7%

  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 Reno based on a number of market characteristics. See More Results

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