CodeWorks
380 N Old Rand Rd, Lake Zurich, IL 60047
Lake Zurich, Illinois, United States
Address
City: Lake Zurich
Neighborhood: Ancient Oaks
State: Illinois
Postal Code: 60047
Country: United States
Business facts
Estimated annual revenue~$437.5K
Estimated employees~2
Annual payroll (2021)~$60.1K
In business since1990
Based on reported payroll data
Contacts
Area statistics (60047)
Population43,750
Median household income$167,358
Source: US Census ACS
About
CodeWorks is located in Lake Zurich, Illinois, and was founded in 1990. This business is working in the following industry: Software Company.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$308.5K2019
~$324.1K2020
~$355.1K2021
~$393.5K2022
~$415.8K2023
~$437.5K2024
Modeled from category averages for the region+7.2%/yr since 201980% confidence band: ±68%
Property
Lot size1.66 acres
CountyLake
Parcel ownerGEORGE M & JEAN MALEK
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$1.0K · 1 jobs reported
PPP loan (2020)$12.5K · 1 jobs reported · implies ~$60.1K annual payroll · $12.6K forgiven
Second PPP loan (2021)$12.5K · 1 jobs reported · $12.6K 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 Illinois | 3,908 | ~$20.1B | ~$5.2M | ~$1.2M | 5.0★ | 0.4× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure43 chains expanding in this category, led by Metro by T-Mobile, Metro, Walmart Electronics (+1,929 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) | 31 | ~$23.8M | ~$767.8K | ~$520.3K | 126 | ~$8.7M | 0.8× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 4 | ~$3.6M | ~$888.3K | — | 15 | — | — |
1 km area (all businesses): median from the 25 of 31 businesses with estimates
Estimate
Area conditions (60047)
Population43,750 ±700
Median household income$167,358 ±$8,861
Median home value$491,500
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS