LocaLoop
12800 Whitewater Dr #100, Minnetonka, MN 55343
Minnetonka, Minnesota, United States
Address
City: Minnetonka
Neighborhood: Oak Terrace
State: Minnesota
Postal Code: 55343
Country: United States
Business facts
Estimated annual revenue~$3.3M
Estimated employees~10
Estimated wage bill~$813.6K
In business since2005
Estimate based on strong signals
Contacts
Area statistics (55343)
Population26,813
Median household income$79,726
Source: US Census ACS
About
LocaLoop is located in Minnetonka, Minnesota, and was founded in 2005. At this location, LocaLoop employs approximately 10 people. This business is working in the following industry: Software Company. Annual sales for LocaLoop are around 1M – 5M.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$4.0M2019
~$2.4M2020
~$2.7M2021
~$3.0M2022
~$3.1M2023
~$3.3M2024
Modeled from category averages for the region-3.7%/yr since 201980% confidence band: ±68%
Company profile
Incorporated2003
Employees (reported band)8-17
Facility size~1,000 sq ft
Observed
Property
Lot size4.48 acres
CountyHennepin
Parcel ownerMtka I & Ii Complex Llc
Last sale$19.0M (1551398400000)
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Software Company in Minnesota | 1,521 | ~$11.7B | ~$7.7M | ~$1.5M | 5.0★ | 2.2× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure22 chains expanding in this category, led by Target Mobile, Metro by T-Mobile, T-Mobile (+836 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) | 440 | ~$2.2B | ~$5.0M | ~$1.2M | 5,064 | ~$715.7M | 2.7× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 38 | ~$837.3M | ~$22.0M | — | 577 | — | — |
1 km area (all businesses): median from the 341 of 440 businesses with estimates
Estimate
Area conditions (55343)
Population26,813 ±843
Median household income$79,726 ±$5,710
Median home value$327,000
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS