Address
City: New Haven
Neighborhood: Fair Haven
State: Connecticut
Postal Code: 06513
Country: United States
Business facts
Estimated annual revenue~$579.1K
Estimated employees~3
Estimate based on strong signals
Area statistics (06513)
Population38,217
Median household income$46,214
Source: US Census ACS
About
Pedersen Frames is located in New Haven, Connecticut. This business is working in the following industry: Framing.
Market analysis
Earning around its category median in a growing category (Framing).
EstimateCategory trend: 2021, +18.1%
Revenue trend (modeled)
~$408.2K2019
~$392.2K2020
~$470.0K2021
~$520.8K2022
~$550.3K2023
~$579.1K2024
Modeled from category averages for the region+7.2%/yr since 201980% confidence band: ±68%
Property
Lot size5.15 acres
ZoningIL
CountySouth_central_connecticut_planning_region
Parcel ownerERECTOR SQUARE LLC
Assessed value$2.6M
Last sale$2.4M (5/31/2002 0:00)
On this lotshared with 66 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Framing in Connecticut | 276 | ~$302.5M | ~$1.1M | ~$529.1K | 4.8★ | 1.1× |
Category revenue trend2021: +18.1%2020: -4.0%2019: +1.4%Modeled from business-level estimates
Chain pressure21 chains expanding in this category, led by Garden Center at The Home Depot, The Home Depot, Michaels Custom Framing (+133 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) | 286 | ~$287.0M | ~$1.0M | ~$351.3K | 1,240 | ~$97.9M | 1.6× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 71 | ~$78.5M | ~$1.1M | — | 201 | — | — |
1 km area (all businesses): median from the 232 of 286 businesses with estimates
Estimate
Area conditions (06513)
Population38,217 ±1,905
Median household income$46,214 ±$5,247
Median home value$217,000
Bachelor's degree or higher0.2%
Unemployment rate0.1%
Source: US Census ACS