Market Research Report
Based on the parameters below, we project this business would break even in 1.9 years with a net present value of $131,339.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$18,807||$28,210||$37,613||$39,292||$41,047|
|Net Cash Flow||-$35,171||$18,807||$28,210||$37,613||$39,292||$164,186|
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 Tallahassee.
- July temperature
- median income
- August temperature
- gross rent
- population density
- land area
- house price
- February temperature
- business activity
- April temperature
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
1675 Apalachee Pkwy Tallahassee, FL 32301
1700 N Monroe St Tallahassee, FL 32303
3551 Blairstone Rd Unit 109 Tallahassee, FL 32301
3122 Mahan Dr Ste 704 Tallahassee, FL 32308
3030 S Monroe St Ste 1A Tallahassee, FL 32301
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 Tallahassee and its Consumers
Tallahassee is the capital of the U.S. state of Florida. It is the county seat and only incorporated municipality inLeon County, and is the 125th largest city in the United States.Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2010, the population recorded by the U.S. Census Bureau was 181,376,and the Tallahassee metropolitan area is 375,371 as of 2012. Tallahassee is a college town with two public universities: Florida State University, a large research university, and Florida A&M University, the country's largest historically black university. It is also home to Tallahassee Community College, and branches of several other institutions. Tallahassee is a center for trade and agriculture in the Florida Panhandle and is served by Tallahassee Regional Airport. As the state capital, the city is home to a number of law firms, lobbying organizations, trade associations and professional associations, including the Florida Bar and the Florida Chamber of Commerce.It is also a recognized regional center for scientific research, and home to the National High Magnetic Field Laboratory.
Tallahassee is the capital of the U.S. state of Florida. It is the county seat and only incorporated municipality inLeon County, and is the 125th largest city in the United States.Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2010, the population recorded by the U.S. Census Bureau was 181,376,and the Tallahassee metropolitan area is 375,371 as of...description source
Population Population (2012) 186,971 Population Density 1,865 ppl/sq mi Population Growth Rate 3.1% Median Income $38,607 Median Age 26.0 Unemployment 6.9% Family Household Percent 46.3% Avg. Household Size 2.2 Avg. House Price $177,300 Foreign Born 7.0% Married 55.9% Cost of Living 47.8%
Demographics White 51.5% Hispanic / Latino 6.8% Black / African American 35.2% Asian 3.9% Native American 0.3%
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/50Source: 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/50Source: 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/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.