Address
City: Detroit
State: Michigan
Postal Code: 48224
Country: United States
Business facts
Estimated annual revenue~$202.2K
Estimate based on moderate signals
Area statistics (48224)
Population38,193
Median household income$41,011
Source: US Census ACS
About
JayTools is located in Detroit, Michigan. This business is working in the following industry: Lodge.
Market analysis
Earning below its category median in a growing category (Lodge).
EstimateCategory trend: 2024, +6.5%
Revenue trend (modeled)
~$222.5K2019
~$118.1K2020
~$151.0K2021
~$176.0K2022
~$185.5K2023
~$202.2K2024
Modeled from official industry statistics-1.9%/yr since 201980% confidence band: ±42%
Property
Lot size4,835 sq ft
Land use401
ZoningR1
CountyWayne
Parcel ownerGRIFFIN JR, DEMETRIUS
Assessed value$40.6K
Last sale$37.2K (544233600000)
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Lodge in Michigan | 473 | ~$202.7M | ~$428.6K | ~$282.3K | 4.5★ | 0.7× |
Category revenue trend2024: +6.5%2023: +10.2%2022: +19.1%2021: +15.8%Modeled from business-level estimates
Chain pressure82 chains expanding in this category, led by Marriott, The Quay, Tumble Down (+577 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) | 91 | ~$70.4M | ~$774.0K | ~$286.7K | 403 | ~$27.5M | 0.7× |
| Accommodation and food service activities | 9 | ~$3.8M | ~$427.3K | — | 29 | — | — |
1 km area (all businesses): median from the 80 of 91 businesses with estimates
Estimate
Area conditions (48224)
Population38,193 ±2,498
Median household income$41,011 ±$3,116
Median home value$65,900
Bachelor's degree or higher0.1%
Unemployment rate0.2%
Source: US Census ACS