Perform a market research centered on Temecula, California and expanding to a 30 mile geographic radius. Market research is to identify the market size for a invoice discounting business. Invoice Discounting is a financial service whereby a 3rd party purchases accounts recievable invoices from a business at a discount in order to allow the business faster access to cash flow. The full invoice is then paid to the invoice discounter. The target customer is small businesses with annual sales ranging from $500,000 to $5Million dollars. Market research results will be used as a basis for business planning and company growth.
Attached file provides a description of the invoice discounting business in more detail.
Bidders should provide examples of previous market research studies conducted for clients.