Method Test Prep

5.0★★★★★(83 reviews)

303 Sunnyside Boulevard

Plainview, New York, United States

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Business facts

Estimated annual revenue~$6.2M
Estimated employees~14
Annual payroll (2020)~$1.5M
In business since2013
Based on reported payroll data

Contacts

Area statistics (11803)

Population30,298
Median household income$179,197
Source: US Census ACS

About

Method Test Prep offers a comprehensive program for preparing for the ACT, SAT, and Regents exams. The program includes professional tutoring, practice questions, immediate feedback, and performance tracking. In addition, Method Test Prep also provides private tutoring, prep classes, and homework help for all grades and subjects. The company has a proven track record of helping students raise their SAT scores through effective teaching methods and learning techniques.

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Credit Cards
American Express, Cash, Debit Card, Discover, Mastercard, Visa
Categories: Tutoring Service, Educational Consultant, Learning Center, Preparatory School.
ISIC Codes: 8521, 8549, 8550.

Market analysis

Earning above its category median in a growing category (Tutoring Service).

EstimateCategory trend: 2024, +7.6%

Revenue trend (modeled)

~$5.3M2019
~$4.1M2020
~$4.9M2021
~$5.7M2022
~$6.2M2023
~$6.2M2024
Modeled from official industry statistics+3.2%/yr since 201980% confidence band: ±42%

Company profile

Incorporated2013 (NY)
Employees (reported band)10-17
Observed

Federal support (SBA)

EIDL advance grant (2020)$10.0K · 10 jobs reported
EIDL disaster loan (2020)$150.0K
PPP loan (2020)$316.7K · 160 jobs reported · implies ~$1.5M annual payroll · $319.2K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Tutoring Service in New York2,400~$2.2B~$907.9K~$578.5K5.0★11×
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure82 chains expanding in this category, led by P.s. X188, Arc Auto School, Mathnasium (+1,398 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)400~$2.3B~$5.6M~$1.2M3,280~$425.8M5.2×
Education14~$63.2M~$4.5M148

1 km area (all businesses): median from the 334 of 400 businesses with estimates

Estimate

Area conditions (11803)

Population30,298 ±1,497
Median household income$179,197 ±$9,524
Median home value$690,900
Bachelor's degree or higher0.7%
Unemployment rate0.0%
Source: US Census ACS
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