Addon Technologies
24110 Meadowbrook Rd, Novi, MI 48375
Novi, Michigan, United States
Address
City: Novi
Neighborhood: Route 102
State: Michigan
Postal Code: 48375
Country: United States
Business facts
Estimated annual revenue~$61.9M
Estimated employees~40
Annual payroll (2021)~$5.6M
In business since1998
Based on reported payroll data
Contacts
President
Human Resources Manager
Marketing Manager
Area statistics (48375)
Population23,933
Median household income$110,666
Source: US Census ACS
About
Addon Technologies offers a platform for finding Software Technologies Jobs and bench consultants, making recruiting and connecting with business partners easier. The company provides IT services and solutions to clients, leveraging innovative approaches and leadership in information technology. Addon's mission is to deliver personalized, quality service through skilled technical and commercially savvy consultants in the software and e-business industries.
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Price
$
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Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$47.1M2019
~$50.1M2020
~$50.2M2021
~$55.6M2022
~$58.8M2023
~$61.9M2024
Modeled from category averages for the region+5.6%/yr since 201980% confidence band: ±68%
Property
Lot size2.05 acres
CountyOakland
Assessed value$297.1K
On this lotshared with 37 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$1.1M · 55 jobs reported · implies ~$5.3M annual payroll · $1.1M forgiven
Second PPP loan (2021)$1.2M · 42 jobs reported · $1.2M forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Software Company in Michigan | 2,373 | ~$11.4B | ~$4.8M | ~$1.1M | 5.0★ | 54× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure35 chains expanding in this category, led by metroPCS, At&t, Att (+1,206 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) | 115 | ~$144.1M | ~$1.3M | ~$378.9K | 626 | ~$49.1M | 163× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 17 | ~$83.3M | ~$4.9M | — | 114 | — | — |
1 km area (all businesses): median from the 93 of 115 businesses with estimates
Estimate
Area conditions (48375)
Population23,933 ±1,184
Median household income$110,666 ±$8,116
Median home value$333,800
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS