Lab Link Testing
711 W 13 Mile Rd Suite 900, Madison Heights, MI 48071
Madison Heights, Michigan, United States
Address
City: Madison Heights
Neighborhood: Gardenia Grove
State: Michigan
Postal Code: 48071
Country: United States
Business facts
Estimated annual revenue~$164.3K
Estimated employees~6
Annual payroll (2021)~$48.0K
In business since2023 (est.)
Based on reported payroll data
Area statistics (48071)
Population28,521
Median household income$63,224
Source: US Census ACS
About
Lab Link Testing is located in Madison Heights, Michigan. This business is working in the following industry: Laboratory.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Laboratory).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$148.9K2019
~$142.8K2020
~$151.3K2021
~$156.2K2022
~$165.4K2023
~$164.3K2024
Modeled from official industry statistics+2.0%/yr since 201980% confidence band: ±42%
Property
Lot size3.28 acres
CountyOakland
Assessed value$982.1K
On this lotshared with 10 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$10.8K · 1 jobs reported · implies ~$52.0K annual payroll · $10.9K forgiven
Second PPP loan (2021)$10.0K · 1 jobs reported · $10.1K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Laboratory in Michigan | 680 | ~$1.8B | ~$2.6M | ~$1.1M | 4.5★ | 0.1× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure16 chains expanding in this category, led by Henry Ford Alliance Health, Beaumont Cytogenetics Lab, Trinity Health Lab - Hart (+9,019 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 117 | ~$589.5M | ~$5.0M | ~$895.4K | 1,377 | ~$153.5M | 0.2× |
| Professional, scientific and technical activities | 10 | ~$26.2M | ~$2.6M | — | 148 | — | — |
1 km area (all businesses): median from the 85 of 117 businesses with estimates
Estimate
Area conditions (48071)
Population28,521 ±24
Median household income$63,224 ±$4,323
Median home value$172,500
Bachelor's degree or higher0.3%
Unemployment rate0.0%
Source: US Census ACS