Ruby Event Center
2803 W US Hwy 83, Weslaco, TX 78596
Weslaco, Texas, United States
Address
City: Weslaco
Neighborhood: Merito
State: Texas
Postal Code: 78596
Country: United States
Business facts
Estimated annual revenue~$930.0K
Estimated employees~3
Estimated wage bill~$148.2K
In business since2023 (est.)
Estimate based on strong signals
Area statistics (78596)
Population36,545
Median household income$53,097
Source: US Census ACS
About
Ruby Event Center is located in Weslaco, Texas. This business is working in the following industry: Function Room Facility.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Function Room Facility).
EstimateCategory trend: 2024, +5.1%
Revenue trend (modeled)
~$588.3K2019
~$579.9K2020
~$636.3K2021
~$811.7K2022
~$867.4K2023
~$930.0K2024
Modeled from official industry statistics+9.6%/yr since 201980% confidence band: ±42%
Property
Lot size1.00 acres
CountyHidalgo
Parcel ownerVILLARREAL JOSE L & GRACIELA B
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Function Room Facility in Texas | 160 | ~$128.8M | ~$804.8K | ~$684.9K | 4.6★ | 1.4× |
Category revenue trend2024: +5.1%2023: +4.1%2022: +9.8%2021: +6.5%Modeled from business-level estimates
Chain pressure256 chains expanding in this category, led by Telluride, Arc, Dunes Apts (+2,043 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) | 37 | ~$35.0M | ~$945.1K | ~$350.9K | 143 | ~$10.3M | 2.7× |
| Real estate activities | 2 | ~$2.7M | ~$1.3M | — | 5 | — | — |
1 km area (all businesses): median from the 31 of 37 businesses with estimates
Estimate
Area conditions (78596)
Population36,545 ±2,090
Median household income$53,097 ±$5,308
Median home value$88,200
Bachelor's degree or higher0.2%
Unemployment rate0.1%
Source: US Census ACS