Market Research Report
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 Operating Profits||$31,966||$47,948||$63,931||$66,932||$70,074|
|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.
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.
- median income
- July temperature
- August temperature
- gross rent
- population density
- house price
- business activity
- land area
- nearby population
Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.
3000 NE Andresen Rd Ste 101 Vancouver, WA 98661
5000 E Fourth Plain Blvd Vancouver, WA 98661
1900 NE 162nd Ave Ste B110 Vancouver, WA 98684
8004 NE Highway 99 Ste A Vancouver, WA 98665
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%
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/50Source: 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/50Source: 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/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.