Address
City: Fox Lake
Neighborhood: Kings Island
State: Illinois
Postal Code: 60020
Country: United States
Business facts
Estimated annual revenue~$3.4M
Estimated employees~9
Annual payroll (2021)~$643.9K
In business since1995
Based on reported payroll data
Contacts
Area statistics (60020)
Population11,051
Median household income$65,099
Source: US Census ACS
About
Mega Development is located in Fox Lake, Illinois, and was founded in 1995. At this location, Mega Development employs approximately 5 people. This business is working in the following industry: Contractor. Annual sales for Mega Development are around $500.0K – $1.0M.
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Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Contractor).
EstimateCategory trend: 2024, +4.7%
Revenue trend (modeled)
~$3.0M2019
~$2.7M2020
~$2.5M2021
~$3.0M2022
~$3.2M2023
~$3.4M2024
Modeled from official industry statistics+2.4%/yr since 201980% confidence band: ±42%
Company profile
Incorporated1986 (IL)
Observed
Property
Lot size7,308 sq ft
CountyLake
Parcel ownerJOHN PAPPAS & CHARLENE MORLER
On this lotshared with 3 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$134.1K · 12 jobs reported · implies ~$643.9K annual payroll · $134.9K forgiven
Second PPP loan (2021)$134.1K · 7 jobs reported · $135.3K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Contractor in Illinois | 5,143 | ~$9.8B | ~$1.9M | ~$510.0K | 5.0★ | 6.6× |
Category revenue trend2024: +4.7%2023: +5.0%2022: +7.6%2021: +6.6%Modeled from business-level estimates
Chain pressure98 chains expanding in this category, led by Sherwin-Williams Paint Store, Homeservices of Illinois, LLC, Bertman Jack (+673 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) | 228 | ~$399.4M | ~$1.8M | ~$552.4K | 1,218 | ~$92.3M | 6.1× |
| Construction | 13 | ~$17.7M | ~$1.4M | — | 59 | — | — |
1 km area (all businesses): median from the 184 of 228 businesses with estimates
Estimate
Area conditions (60020)
Population11,051 ±1,026
Median household income$65,099 ±$6,758
Median home value$203,400
Bachelor's degree or higher0.3%
Unemployment rate0.0%
Source: US Census ACS