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 $197,332.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$28,345||$42,517||$56,689||$59,220||$61,864|
|Net Cash Flow||-$53,628||$28,345||$42,517||$56,689||$59,220||$247,458|
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 Tampa.
- July temperature
- median income
- August temperature
- gross rent
- population density
- February temperature
- land area
- house price
- business activity
- December temperature
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
4036 N Armenia Ave Tampa, FL 33607
1155 S Dale Mabry Hwy Ste 9 Tampa, FL 33629
2513 W Hillsborough Ave Tampa, FL 33614
3802C S Dale Mabry Hwy Tampa, FL 33611
2525 E Hillsborough Ave Tampa, FL 33610
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 Tampa and its Consumers
Located in west-central Florida and founded in 1824, the clean and modern city of Tampa offers activities and attractions for every interest and age. Known for its cultural diversity, this southern city boasts a unique blend of Cuban, African American, Italian and Spanish neighborhoods. Ybor City, known as Tampa's Latin Quarter, features its own unique blend of aromas, sights and sounds, including the smooth taste of Spanish Sangria, the smell of Cuban coffee and cigars and the Latin sounds of Rumba and Salsa late into the evening. The name Tampa comes from the local Caloosa Indian word Tanpa, meaning "Stick of Fire."Gasparilla Days - To visit Tampa in late January and not attend the annual gathering of pirates, beads, boats and parades, all witnessed by hundreds of thousands of revelers, is to have led a deprived and boring life.The Tampa Bay area is home to three airports, eight hospitals and over 30 universities and colleges.
Located in west-central Florida and founded in 1824, the clean and modern city of Tampa offers activities and attractions for every interest and age. Known for its cultural diversity, this southern city boasts a unique blend of Cuban, African American, Italian and Spanish neighborhoods. Ybor City, known as Tampa's Latin Quarter, features its own unique blend of aromas, sights and sounds,...description source
Population Population (2012) 347,645 Population Density 3,065 ppl/sq mi Population Growth Rate 3.6% Median Income $40,073 Median Age 35.5 Unemployment 5.1% Family Household Percent 55.7% Avg. Household Size 2.4 Avg. House Price $148,000 Foreign Born 15.6% Married 37.0% Cost of Living 49.6%
Demographics White 46.9% Hispanic / Latino 21.1% Black / African American 26.4% Asian 3.0% Native American 0.08%
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.