Hapax

4.9★★★★★(23 reviews)

426 W 23rd St, Norfolk, VA 23517

Norfolk, Virginia, United States

Edit

Business facts

Estimated annual revenue~$1.3M
Estimated employees~6
Annual payroll (2021)~$187.4K
In business since2004
Estimate based on strong signals
Based on reported payroll data

Area statistics (23517)

Population4,212
Median household income$55,536
Source: US Census ACS

About

Hapax is a veteran-owned company redefining concrete with one-of-a-kind designs for countertops, floors, and furniture. Based in the Tidewater area of southeast Virginia, they offer services such as concrete polishing, staining, and resurfacing. Hapax aims to change the way people view concrete by creating beautiful and unique concrete creations tailored to their customers' visions. Their portfolio and application details can be found on their website.

💳
Credit Cards
American Express, Apple Pay, Cash, Check, Debit Card, Discover, Financing, Mastercard, PayPal, Visa, Yes
ℹ️
Diversity Management
Veteran Led
🅿️
Parking
Street Parking, Parking Lot, Yes
💰
Price
$$$
Wheelchair Accessible
Parking, Restroom, Yes
Categories: Contractor.
ISIC Codes: 4330.

Market analysis

Earning above its category median in a growing category (Contractor).

EstimateCategory trend: 2024, +4.7%

Revenue trend (modeled)

~$1.0M2019
~$1.1M2020
~$1.1M2021
~$1.3M2022
~$1.4M2023
~$1.3M2024
Modeled from official industry statistics+5.4%/yr since 201980% confidence band: ±42%

Company profile

Legal formCorporation
Incorporated2004 (VA)
Employees (reported band)13-17
Social media followers16
Observed

Property

Lot size0.24 acres
CountyNorfolk_city
ObservedPublic assessor / cadastre record

Federal support (SBA)

Second PPP loan (2021)$39.0K · 7 jobs reported · $39.5K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Contractor in Virginia4,413~$9.2B~$2.1M~$722.6K4.9★1.8×
Category revenue trend2024: +4.7%2023: +5.0%2022: +7.6%2021: +6.6%Modeled from business-level estimates
Chain pressure53 chains expanding in this category, led by Installation Services, Home Services at The Home Depot, Merritt Properties (+505 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)351~$512.2M~$1.5M~$454.9K1,853~$142.2M2.9×
Construction12~$24.4M~$2.0M102

1 km area (all businesses): median from the 302 of 351 businesses with estimates

Estimate

Area conditions (23517)

Population4,212 ±422
Median household income$55,536 ±$8,263
Median home value$357,000
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS
Edit Business