AllocateRite
1330 6th Ave suite 600 b, New York, NY 10019
New York City, United States
Address
City: New York City
Neighborhood: Manhattan
State: New York
Postal Code: 10019
Country: United States
Business facts
Estimated annual revenue~$3.3M
Estimated employees~5
Annual payroll (2021)~$644.1K
In business since2021 (est.)
Based on reported payroll data
Contacts
Computer Software
Financial Services
Area statistics (10019)
Population42,766
Median household income$113,335
Source: US Census ACS
About
The executive summary for AllocateRite's investment opportunity is that the company, an SEC registered investment advisor, provides a mobile app for consumers, a web platform for RIAs, and custom tactical strategies for large institutions. The investment opportunity is for 100% ownership of AllocateRite.
♿
Wheelchair Accessible
Yes
Market analysis
Earning above its category median in a growing category (Investment Service).
EstimateCategory trend: 2024, +8.6%
Revenue trend (modeled)
~$2.2M2019
~$2.5M2020
~$3.0M2021
~$3.0M2022
~$3.0M2023
~$3.3M2024
Modeled from official industry statistics+8.6%/yr since 201980% confidence band: ±42%
Property
Lot size0.50 acres
Land use05
CountyNew_york
Parcel owner1330 CE26 LLC
On this lotshared with 180 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$171.0K · 9 jobs reported · implies ~$820.8K annual payroll · $172.5K forgiven
Second PPP loan (2021)$134.2K · 15 jobs reported · $135.2K 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 | |
|---|---|---|---|---|---|---|
| Investment Service in New York | 5,325 | ~$1.2B | ~$2.6M | ~$1.1M | 5.0★ | 3.0× |
Investment Service in New York: revenue figures from the 460 of 5,325 businesses with estimates
Category revenue trend2024: +8.6%2023: +2.5%2022: +4.0%2021: +16.1%Modeled from business-level estimates
Chain pressure91 chains expanding in this category, led by Morgan Stanley, Mike Teel, Camacho Felix (+4,248 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) | 24,030 | ~$60.3B | ~$2.5M | ~$1.1M | 126,333 | ~$20.7B | 2.9× |
| Financial and insurance activities | 3,762 | ~$690.4M | ~$183.5K | — | 18,482 | — | — |
1 km area (all businesses): median from the 16,965 of 24,030 businesses with estimates
Estimate
Area conditions (10019)
Population42,766 ±2,392
Median household income$113,335 ±$13,895
Median home value$958,800
Bachelor's degree or higher0.8%
Unemployment rate0.1%
Source: US Census ACS