Simplex Engine & Machine Inc

4.6★★★★★(15 reviews)

1011 Westminster St, Providence, RI 02903

Providence, Rhode Island, United States

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About

Simplex Engine & Machine, Inc, located in Providence, RI, has been serving the automotive, heavy duty, and marine industry since 1938. They offer a complete line of remanufactured products and are known for their highly trained and knowledgeable staff. With over 100 years of combined experience, they are capable of meeting all parts and machining needs. Their commitment to providing the most current machine shop facilities and engine rebuilding support has allowed them to continue in business through 70 years and 3 generations. Simplex Engine & Machine, Inc is the best equipped facility in New England to handle automotive or heavy duty parts and service needs. They take pride in their history, knowledge, and commitment to quality and customer satisfaction.

📅
Appointment Only
Yes
💳
Credit Cards
American Express, Apple Pay, Cash, Debit Card, Discover, NFC, Yes
🅿️
Parking
Yes
Wheelchair Accessible
Parking, Yes
Categories: Engine Rebuilding Service, Machine Shop.
ISIC Codes: 2592, 4520.

Market analysis

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

EstimateCategory trend: 2024, +5.7%

Revenue trend (modeled)

~$1.7M2019
~$1.6M2020
~$1.7M2021
~$1.9M2022
~$2.1M2023
~$2.2M2024
Modeled from official industry statistics+5.6%/yr since 201980% confidence band: ±42%

Company profile

Legal formCorporation
Incorporated1938 (RI)
Employees (reported band)8-11
Facility size~6,000 sq ft
Observed

Property

Lot size0.21 acres
Land useCommercial
CountyProvidence
ObservedPublic assessor / cadastre record

Federal support (SBA)

PPP loan (2020)$100.4K · 9 jobs reported · implies ~$481.8K annual payroll · $101.2K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Engine Rebuilding Service in Rhode Island9~$7.0M~$777.9K~$517.9K4.7★4.2×
Category revenue trend2024: +5.7%2023: +9.2%2022: +11.6%2021: +11.0%Modeled from business-level estimates
Chain pressure9 chains expanding in this category, led by Flash Car Wash, Shine365, Car Wash (+102 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)834~$1.1B~$1.3M~$455.0K5,605~$448.5M4.8×
Wholesale and retail trade; repair of motor vehicles and motorcycles121~$236.2M~$2.0M520
Manufacturing7~$489.0K~$69.9K20

1 km area (all businesses): median from the 713 of 834 businesses with estimates

Estimate

Area conditions (02903)

Population12,039 ±939
Median household income$57,850 ±$14,282
Median home value$359,600
Bachelor's degree or higher0.5%
Unemployment rate0.1%
Source: US Census ACS
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