Byars Wright

4.8★★★★★(21 reviews)

999 Mt Olive Rd, Gardendale, AL 35071

Gardendale, Alabama, United States

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Business facts

Estimated annual revenue~$5.8M
Estimated employees~6
Estimated wage bill~$276.0K
In business since1946
Estimate based on strong signals

Area statistics (35071)

Population17,459
Median household income$78,914
Source: US Census ACS

About

Since 1946, Byars-Wright, Inc. has been a trusted advisor in providing insurance and risk management services to clients ranging from large corporations to small business owners. With a focus on comprehensive risk management programs and dedicated employees, the locally owned and operated independent agency has grown to become a major provider of commercial and personal insurance in the greater Birmingham area. Byars|Wright has received recognition as a Best Practices Agency and "Best Companies to Work For in Alabama" for its commitment to building relationships and protecting clients.

Wheelchair Accessible
Parking, Yes
Categories: Insurance Agency, Renter's Insurance Agency, Insurance Broker, Auto insurance, Insurance, reinsurance and pension funding, except compulsory social security, Home insurance.
ISIC Codes: 65, 6512, 6622.

Market analysis

Earning above its category median in a growing category (Insurance Agency).

EstimateCategory trend: 2024, +7.1%

Revenue trend (modeled)

~$5.2M2019
~$5.4M2020
~$5.7M2021
~$6.0M2022
~$5.9M2023
~$5.8M2024
Modeled from official industry statistics+2.3%/yr since 201980% confidence band: ±42%

Property

Lot size0.33 acres
CountyJefferson
Parcel ownerBYARS WRIGHT INC
On this lotshared with 3 other businesses
ObservedPublic assessor / cadastre record

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Insurance Agency in Alabama3,113~$7.7B~$2.5M~$1.6M4.8★3.6×
Category revenue trend2024: +7.1%2023: +8.8%2022: +8.8%2021: +8.2%Modeled from business-level estimates
Chain pressure54 chains expanding in this category, led by Holt Ricky, Allstate, John Roden, Bankers Life Agent (+411 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)179~$305.2M~$1.7M~$813.2K1,350~$96.8M7.1×
Financial and insurance activities20~$72.3M~$3.6M77

1 km area (all businesses): median from the 167 of 179 businesses with estimates

Estimate

Area conditions (35071)

Population17,459 ±781
Median household income$78,914 ±$7,311
Median home value$228,100
Bachelor's degree or higher0.3%
Unemployment rate0.0%
Source: US Census ACS
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