Market Research Report

Accounting Firm opportunities in Tulsa, OK
$50,357 Potential Yearly Earnings What's this number?
$180,171 Net Present Value What's this number?

  Financial Projections

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 Revenues $251,784 $377,676 $503,568 $529,339 $556,429
Net Costs $226,606 $339,908 $453,211 $476,405 $500,786
Net Operating Profits $25,178 $37,768 $50,357 $52,934 $55,643
Capital
      Startup Cost -$44,314
      Terminal Value $166,929
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.

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 Tulsa.

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

  Competitors

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

Edwards Tax & Accounting Local Competitor
4932 S Peoria Ave Tulsa, OK 74105

Lohrey and Associates Local Competitor
1924 S Utica Ave Tulsa, OK 74104

Briscoe Burke & Grigsby LLP Local Competitor
4120 E 51st St Tulsa, OK 74135

Southwestern Payroll Service Local Competitor
11008 E 51st St Tulsa, OK 74146

Al Murrie CPA Inc Local Competitor
9410 E 51st St Tulsa, OK 74145

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

  Suppliers & Service Providers Contact List

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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.[2] 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%
  • Average Temperature
    January 37.0°F 2.8°C
    February 41.8°F 5.4°C
    March 50.6°F 10.3°C
    April 59.8°F 15.4°C
    May 68.5°F 20.3°C
    June 76.9°F 24.9°C
    July 81.8°F 27.7°C
    August 81.7°F 27.6°C
    September 72.9°F 22.7°C
    October 61.1°F 16.2°C
    November 49.7°F 9.8°C
    December 38.6°F 3.7°C
  • 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/50
    Source: 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/50
    Source: 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/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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