Address
City: South Lyon
State: Michigan
Postal Code: 48178
Country: United States
Business facts
Estimated annual revenue~$85.5K
Estimated employees~2
Estimate based on strong signals
Contacts
Area statistics (48178)
Population36,842
Median household income$127,052
Source: US Census ACS
About
DrivePath is located in South Lyon, Michigan. This business is working in the following industry: Driving schools.
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Credit Cards
Debit Card, Yes
♿
Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Driving schools).
EstimateCategory trend: 2024, +7.6%
Revenue trend (modeled)
~$57.1K2019
~$47.6K2020
~$58.9K2021
~$69.2K2022
~$79.4K2023
~$85.5K2024
Modeled from official industry statistics+8.4%/yr since 201980% confidence band: ±42%
Property
Lot size0.47 acres
CountyOakland
Assessed value$240.0K
On this lotshared with 1 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
SBA 7(a)/504 loan (2023)$76.0K
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Driving schools in Michigan | 676 | ~$200.0M | ~$297.7K | ~$176.3K | 4.5★ | 0.5× |
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure39 chains expanding in this category, led by Sears Driving School, C. Driving School, All Star Driver Education (+531 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) | 10 | ~$5.6M | ~$561.6K | ~$202.9K | 20 | ~$2.0M | 0.4× |
| Education | 1 | ~$141.7K | ~$141.7K | — | 2 | — | — |
1 km area (all businesses): median from the 9 of 10 businesses with estimates
Estimate
Area conditions (48178)
Population36,842 ±1,093
Median household income$127,052 ±$11,621
Median home value$362,900
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS