Market Research Report

Accounting Firm opportunities in Victorville, CA
$66,840 Potential Yearly Earnings What's this number?
$222,198 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 2.2 years with a net present value of $222,198.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $334,199 $501,299 $668,399 $699,145 $731,306
Net Costs $300,780 $451,169 $601,559 $629,231 $658,175
Net Operating Profits $33,420 $50,130 $66,840 $69,915 $73,131
Capital
      Startup Cost -$74,125
      Terminal Value $219,392
Net Cash Flow -$74,125 $33,420 $50,130 $66,840 $69,915 $292,522

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 Victorville.

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

  Competitors

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

H&R Block National Competitor
14960 Bear Valley Rd Unit D Victorville, CA 92395

H&R Block National Competitor
12441 Hesperia Rd Ste 1 Victorville, CA 92395

H&R Block National Competitor
13622 Bear Valley Rd Ste 3 Victorville, CA 92392

TIP: Your market is dominated by national chains. Consider entering the market with an independant business or a regional franchise.

  Suppliers & Service Providers Contact List

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  About Victorville and its Consumers

The California city of Victorville is located at the southern edge of the Mojave Desert in the Victor Valley of western San Bernardino County. The city is situated 82 miles northeast of Los Angeles, and is surrounded by the nearby communities of Adelanto, Apple Valley, and Hesperia. Victorville is serviced principally by Interstate I-15 and California State Highway 18, with U.S. Route 395 located nearby. The community known as Victor was established in the late 19th century and named after Jacob Nash Victor, a construction superintendent for the California Southern Railroad. Primarily an agricultural community at that time, the area soon developed a burgeoning cement manufacturing industry due to the discovery of large deposits of limestone and granite in the region. In 1901, the community's name was changed by the U.S. Post Office to Victorville owing to confusion with the community of Victor, Colorado. The year 1926 saw the establishment of U.S. Route 66, a major national transportation artery linking Chicago, Illinois with California. A portion of this highway bisected Victorville and provided the community with a significant transportation corridor which lasted until Interstate I-15 was constructed. In 1962 the community of Victorville was incorporated as a city.

The California city of Victorville is located at the southern edge of the Mojave Desert in the Victor Valley of western San Bernardino County. The city is situated 82 miles northeast of Los Angeles, and is surrounded by the nearby communities of Adelanto, Apple Valley, and Hesperia. Victorville is serviced principally by Interstate I-15 and California State Highway 18, with U.S. Route 395...

description source
  • Population
    Population (2012) 120,336
    Population Density 1,644 ppl/sq mi
    Population Growth Rate 3.8%
    Median Income $45,847
    Median Age 29.0
    Unemployment 13.0%
    Family Household Percent 79.6%
    Avg. Household Size 3.4
    Avg. House Price $133,000
    Foreign Born 14.5%
    Married 36.7%
    Cost of Living 58.2%
  • Average Temperature
    January 46.1°F 7.8°C
    February 49.0°F 9.4°C
    March 53.9°F 12.2°C
    April 59.4°F 15.2°C
    May 67.4°F 19.7°C
    June 74.9°F 23.8°C
    July 81.0°F 27.2°C
    August 80.5°F 26.9°C
    September 74.5°F 23.6°C
    October 63.6°F 17.6°C
    November 52.8°F 11.6°C
    December 45.2°F 7.3°C
  • Demographics
    White 28.3%
    Hispanic / Latino 47.8%
    Black / African American 16.0%
    Asian 3.7%
    Native American 0.7%

  Market & Regulatory Conditions For California

Third parties rate California's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness F
    Ease of starting a small business D
    Cost of hiring a new employee C-
    Overall regulatory friendliness F
    Friendliness of health and safety regulations F
    Friendliness of employment, labor, and hiring regulations F
    Friendliness of tax code F
    Friendliness of licensing regulations F
    Friendliness of environmental regulations D
    Friendliness of zoning regulations D
    Publicity of training programs C-
    Publicity of networking programs D+
    Current economic health of small business 40th/50
    Change in revenue over past 12 months 40th/50
    Forecast of small business's future economic health 35th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 32th/50
    Cost of Doing Business 48th/50
    Economy 9th/50
    Infrastructure 24th/50
    Workforce 36th/50
    Quality of life 23th/50
    Technology and innovation 1th/50
    Business friendliness 48th/50
    Education 26th/50
    Cost of living 47th/50
    Access to capital 1th/50
    Source: CNBC (2014)
  • Tax Friendliness
    California Corporate Tax Rate 7.5%
    Avg Local Corporate Tax Rate in California 0.9%
    Avg Combined Corporate Tax Rate 8.4%
    Overall tax friendliness 48th/50
    Corporate tax rank 34th/50
    Individual income tax rank 50th/50
    Sales tax rank 42th/50
    Unemployment insurance tax rank 14th/50
    Property tax rank 14th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

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

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