Market Research Report

Accounting Firm opportunities in Vancouver, WA
$63,931 Potential Yearly Earnings What's this number?
$219,718 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.0 years with a net present value of $219,718.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $319,656 $479,483 $639,311 $669,321 $700,740
Net Costs $287,690 $431,535 $575,380 $602,389 $630,666
Net Operating Profits $31,966 $47,948 $63,931 $66,932 $70,074
Capital
      Startup Cost -$63,995
      Terminal Value $210,222
Net Cash Flow -$63,995 $31,966 $47,948 $63,931 $66,932 $280,296

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 Vancouver.

  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. white
  10. nearby population

  Competitors

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

H&R Block National Competitor
3000 NE Andresen Rd Ste 101 Vancouver, WA 98661

H&R Block National Competitor
5000 E Fourth Plain Blvd Vancouver, WA 98661

H&R Block National Competitor
1900 NE 162nd Ave Ste B110 Vancouver, WA 98684

H&R Block National Competitor
8004 NE Highway 99 Ste A Vancouver, WA 98665

H&R Block National Competitor
2010 Main St Vancouver, WA 98660

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 Vancouver and its Consumers

Vancouver is a city on the north bank of the Columbia River in the U.S. State of Washington. Incorporated in 1857, it is the fourth-largest city in the state, with a population of 161,791 as of April 1, 2010 census. Vancouver is the county seat of Clark County and forms part of the Portland-Vancouver metropolitan area, the 24th-largest metropolitan area in the United States. In 2005, Money magazine named it No. 91 on its list of best places in America to live.

Vancouver is a city on the north bank of the Columbia River in the U.S. State of Washington. Incorporated in 1857, it is the fourth-largest city in the state, with a population of 161,791 as of April 1, 2010 census. Vancouver is the county seat of Clark County and forms part of the Portland-Vancouver metropolitan area, the 24th-largest metropolitan area in the United States. In 2005, Money...

description source
  • Population
    Population (2012) 165,489
    Population Density 3,562 ppl/sq mi
    Population Growth Rate 2.3%
    Median Income $48,909
    Median Age 36.6
    Unemployment 8.9%
    Family Household Percent 61.3%
    Avg. Household Size 2.4
    Avg. House Price $193,300
    Foreign Born 12.0%
    Married 28.7%
    Cost of Living 52.5%
  • Average Temperature
    January 41.6°F 5.3°C
    February 43.5°F 6.4°C
    March 48.0°F 8.9°C
    April 52.1°F 11.2°C
    May 58.1°F 14.5°C
    June 63.3°F 17.4°C
    July 68.4°F 20.2°C
    August 69.2°F 20.7°C
    September 63.6°F 17.6°C
    October 53.8°F 12.1°C
    November 46.4°F 8.0°C
    December 40.6°F 4.8°C
  • Demographics
    White 75.9%
    Hispanic / Latino 8.9%
    Black / African American 3.1%
    Asian 5.5%
    Native American 1.0%

  Market & Regulatory Conditions For Washington

Third parties rate Washington'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 B-
    Cost of hiring a new employee D+
    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 C-
    Friendliness of zoning regulations D+
    Publicity of training programs A-
    Publicity of networking programs D+
    Current economic health of small business 42th/50
    Change in revenue over past 12 months 41th/50
    Forecast of small business's future economic health 21th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 7th/50
    Cost of Doing Business 34th/50
    Economy 2th/50
    Infrastructure 17th/50
    Workforce 24th/50
    Quality of life 6th/50
    Technology and innovation 4th/50
    Business friendliness 23th/50
    Education 25th/50
    Cost of living 38th/50
    Access to capital 9th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Washington Corporate Tax Rate 6.5%
    Avg Local Corporate Tax Rate in Washington 2.4%
    Avg Combined Corporate Tax Rate 8.9%
    Overall tax friendliness 11th/50
    Corporate tax rank 28th/50
    Individual income tax rank 6th/50
    Sales tax rank 46th/50
    Unemployment insurance tax rank 19th/50
    Property tax rank 23th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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