Function Engineering
163 Everett Ave, Palo Alto, CA 94301
Palo Alto, California, United States
Address
City: Palo Alto
Neighborhood: Downtown North
State: California
Postal Code: 94301
Country: United States
Business facts
Estimated annual revenue~$13.3M
Estimated employees~18
Annual payroll (2020)~$4.0M
In business since1991
Based on reported payroll data
Contacts
Engineering Staff
Registered Agent
Area statistics (94301)
Population17,259
Median household income$217,611
Source: US Census ACS
About
Function Engineering is located in Palo Alto, California, and was founded in 1991. This business is working in the following industry: Mechanical Engineer. Annual sales for Function Engineering are around 1M – 5M.
🅿️
Parking
Yes
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Mechanical Engineer).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$9.0M2019
~$9.3M2020
~$10.1M2021
~$11.5M2022
~$11.7M2023
~$13.3M2024
Modeled from official industry statistics+8.2%/yr since 201980% confidence band: ±42%
Company profile
Incorporated1996 (CA)
Employees (reported band)8-17
Facility size~4,500 sq ft
Observed
Property
Lot size8,276 sq ft
CountySanta_clara
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$842.5K · 39 jobs reported · implies ~$4.0M annual payroll · $851.8K forgiven
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Mechanical Engineer in California | 604 | ~$3.2B | ~$5.4M | ~$1.7M | 5.0★ | 7.7× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure223 chains expanding in this category, led by Rjs Architects, Siemens, BrightView Landscape (+569 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) | 896 | ~$2.3B | ~$2.6M | ~$1.2M | 5,417 | ~$755.5M | 11× |
| Professional, scientific and technical activities | 40 | ~$287.9M | ~$7.2M | — | 390 | — | — |
1 km area (all businesses): median from the 786 of 896 businesses with estimates
Estimate
Area conditions (94301)
Population17,259 ±1,179
Median household income$217,611 ±$22,988
Median home value$2,000,001
Bachelor's degree or higher0.8%
Unemployment rate0.0%
Source: US Census ACS