Address
City: Summit
Neighborhood: Overlook
State: New Jersey
Postal Code: 07078
Country: United States
Business facts
Estimated annual revenue~$854.8K
Estimated employees~10
In business since2013
Estimate based on strong signals
Area statistics (07078)
Population14,287
Median household income$250,001
Source: US Census ACS
About
Summit Prep is a premier tutoring company located in Summit and Bernardsville, NJ that offers SAT, ACT, and ISEE/SSAT test prep, academic tutoring, and college consulting. We are founded on the knowledge that education opens doors to success and the belief that quality must be uncompromising.
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Credit Cards
Visa, Mastercard, American Express, Discover, Cash, Check, Financing, Debit Card
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List of Services:
SAT tutoring, ACT tutoring, SAT tutor
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Services2
Private SAT tutoring, ACT tutor
Market analysis
Revenue trend (modeled)
~$754.6K2019
~$605.7K2020
~$623.1K2021
~$733.4K2022
~$819.0K2023
~$854.8K2024
Modeled from official industry statistics+2.5%/yr since 201980% confidence band: ±42%
Company profile
Incorporated2014 (NJ)
Observed
Property
Lot size5.68 acres
CountyData
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Other education n.e.c. in New Jersey | 6,452 | ~$5.8B | ~$910.7K | ~$322.9K | 4.9★ | 2.6× |
Chain pressure39 chains expanding in this category, led by Mathnasium, Kumon Math And Reading, Club Z! In-Home Tutoring (+1,079 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) | 227 | ~$353.7M | ~$1.6M | ~$778.0K | 991 | ~$95.6M | 1.1× |
| Education | 7 | ~$4.5M | ~$637.7K | — | 34 | — | — |
1 km area (all businesses): median from the 193 of 227 businesses with estimates
Estimate
Area conditions (07078)
Population14,287 ±557
Median household income$250,001
Median home value$1,566,500
Bachelor's degree or higher0.9%
Unemployment rate0.0%
Source: US Census ACS