Market Research Report
Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $180,171.
Net Cash Flow over 5 years
|Year 0||Year 1||Year 2||Year 3||Year 4||Year 5|
|Net Operating Profits||$25,178||$37,768||$50,357||$52,934||$55,643|
|Net Cash Flow||-$44,314||$25,178||$37,768||$50,357||$52,934||$222,571|
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 Tulsa.
- July temperature
- median income
- August temperature
- gross rent
- land area
- population density
- house price
- business activity
- nearby population
- February temperature
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
Edwards Tax & Accounting
4932 S Peoria Ave Tulsa, OK 74105
Lohrey and Associates
1924 S Utica Ave Tulsa, OK 74104
Briscoe Burke & Grigsby LLP
4120 E 51st St Tulsa, OK 74135
Southwestern Payroll Service
11008 E 51st St Tulsa, OK 74146
Al Murrie CPA Inc
9410 E 51st St Tulsa, OK 74145
TIP: Your market is dominated by independant companies. Consider entering with a national or regional franchise.
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About Tulsa and its Consumers
Tulsa is the second-largest city in the U.S. state of Oklahoma and 46th-largest city in the United States. The population has grown since the 2010 census, With a population of 398,121 as of July 2013.it is the principal municipality of the Tulsa Metropolitan Area, a region with 961,561 residents in the MSA and 1,131,458 in the CSA.The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, and extends into Osage, Rogers, and Wagonercounties. Once heavily dependent on the oil industry, economic downturn and subsequent diversification efforts created an economic base in the energy, finance, aviation, telecommunications and technology sectors.The Tulsa Port of Catoosa, at the head of theMcClellan-Kerr Arkansas River Navigation System, is the most inland river port in the U.S. with access to international waterways.Two institutions of higher education within the city have sports teams at the NCAA Division I level, Oral Roberts University and the University of Tulsa.
Tulsa is the second-largest city in the U.S. state of Oklahoma and 46th-largest city in the United States. The population has grown since the 2010 census, With a population of 398,121 as of July 2013.it is the principal municipality of the Tulsa Metropolitan Area, a region with 961,561 residents in the MSA and 1,131,458 in the CSA.The city serves as the county seat of Tulsa County, the most...description source
Population Population (2012) 393,987 Population Density 2,002 ppl/sq mi Population Growth Rate 0.5% Median Income $40,123 Median Age 34.9 Unemployment 5.0% Family Household Percent 58.1% Avg. Household Size 2.3 Avg. House Price $119,400 Foreign Born 8.9% Married 33.2% Cost of Living 46.1%
Demographics White 58.3% Hispanic / Latino 14.7% Black / African American 14.9% Asian 2.3% Native American 4.3%
Market & Regulatory Conditions For Oklahoma
Third parties rate Oklahoma's business and regulatory conditions according to their own methods. We report them here for informational purposes.
Small-Business Friendliness Overall small business friendliness A+ Ease of starting a small business A+ Cost of hiring a new employee A Overall regulatory friendliness A Friendliness of health and safety regulations A Friendliness of employment, labor, and hiring regulations A Friendliness of tax code B Friendliness of licensing regulations A Friendliness of environmental regulations A Friendliness of zoning regulations A Publicity of training programs A- Publicity of networking programs B+ Current economic health of small business 10th/50 Change in revenue over past 12 months 17th/50 Forecast of small business's future economic health 6th/50Source: Thumbtack.com (2012)
Business Friendliness Overall Business Friendliness 28th/50 Cost of Doing Business 1th/50 Economy 26th/50 Infrastructure 33th/50 Workforce 35th/50 Quality of life 49th/50 Technology and innovation 39th/50 Business friendliness 27th/50 Education 41th/50 Cost of living 3th/50 Access to capital 41th/50Source: CNBC (2014)
Tax Friendliness Oklahoma Corporate Tax Rate 4.5% Avg Local Corporate Tax Rate in Oklahoma 4.2% Avg Combined Corporate Tax Rate 8.7% Overall tax friendliness 32th/50 Corporate tax rank 7th/50 Individual income tax rank 40th/50 Sales tax rank 38th/50 Unemployment insurance tax rank 1th/50 Property tax rank 11th/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.