Market Research Report

Accounting Firm opportunities in Stamford, CT
$128,132 Potential Yearly Earnings What's this number?
$380,469 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.8 years with a net present value of $380,469.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $640,660 $960,990 $1,281,320 $1,326,392 $1,373,050
Net Costs $576,594 $864,891 $1,153,188 $1,193,753 $1,235,745
Net Operating Profits $64,066 $96,099 $128,132 $132,639 $137,305
Capital
      Startup Cost -$181,051
      Terminal Value $411,915
Net Cash Flow -$181,051 $64,066 $96,099 $128,132 $132,639 $549,220

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 Stamford.

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

  Competitors

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

H&R Block National Competitor
600 Summer St Stamford, CT 06901

H&R Block National Competitor
346 Hope St Stamford, CT 06906

Martin Decruze & Co. Regional Competitor
2777 Summer St Stamford, CT 06905

  Suppliers & Service Providers Contact List

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  About Stamford and its Consumers

207 207

Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643. As of July 1, 2012, according to the Census Bureau, the population of Stamford had risen to 125,109, making it the third largest city in the state and the seventh largest city in New England. Approximately 30 miles from Manhattan, Stamford is in the Bridgeport-Stamford-Norwalk Metro area which is a part of the Greater New York metropolitan area. Stamford is home to four Fortune 500 Companies, nine Fortune 1000 Companies, and 13 Courant 100 Companies, as well as numerous divisions of large corporations. This gives Stamford the largest financial district in New York Metro outside New York City itself and one of the largest concentrations of corporations in the nation. Due to the many high-rise office towers in the area, Stamford's financial district is sometimes referred to by locals as "Little Manhattan."

Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643. As of July 1, 2012, according to the Census Bureau, the population of Stamford had risen to 125,109, making it the third largest city in the state and the seventh largest city in New England. Approximately 30 miles from Manhattan, Stamford is in the...

description source
  • Population
    Population (2012) 125,109
    Population Density 3,323 ppl/sq mi
    Population Growth Rate 2.0%
    Median Income $75,454
    Median Age 36.1
    Unemployment 6.7%
    Family Household Percent 63.4%
    Avg. Household Size 2.6
    Avg. House Price $540,700
    Foreign Born 34.8%
    Married 31.5%
    Cost of Living 74.1%
  • Average Temperature
    January 29.4°F -1.4°C
    February 32.2°F 0.1°C
    March 39.9°F 4.4°C
    April 51.0°F 10.6°C
    May 60.6°F 15.9°C
    June 69.1°F 20.6°C
    July 73.9°F 23.3°C
    August 72.4°F 22.4°C
    September 65.1°F 18.4°C
    October 53.8°F 12.1°C
    November 44.2°F 6.8°C
    December 34.2°F 1.2°C
  • Demographics
    White 53.3%
    Hispanic / Latino 23.8%
    Black / African American 13.1%
    Asian 7.8%
    Native American 0.1%

  Market & Regulatory Conditions For Connecticut

Third parties rate Connecticut's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness D
    Ease of starting a small business C
    Cost of hiring a new employee C
    Overall regulatory friendliness D+
    Friendliness of health and safety regulations C+
    Friendliness of employment, labor, and hiring regulations D+
    Friendliness of tax code D
    Friendliness of licensing regulations D+
    Friendliness of environmental regulations D
    Friendliness of zoning regulations C+
    Publicity of training programs C-
    Publicity of networking programs D
    Current economic health of small business 45th/50
    Change in revenue over past 12 months 44th/50
    Forecast of small business's future economic health 37th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 46th/50
    Cost of Doing Business 47th/50
    Economy 49th/50
    Infrastructure 42th/50
    Workforce 32th/50
    Quality of life 14th/50
    Technology and innovation 21th/50
    Business friendliness 24th/50
    Education 5th/50
    Cost of living 48th/50
    Access to capital 7th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Connecticut Corporate Tax Rate 6.4%
    Avg Local Corporate Tax Rate in Connecticut 0.0%
    Avg Combined Corporate Tax Rate 6.4%
    Overall tax friendliness 42th/50
    Corporate tax rank 32th/50
    Individual income tax rank 34th/50
    Sales tax rank 31th/50
    Unemployment insurance tax rank 20th/50
    Property tax rank 49th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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