Millenium Software Ltd
1354 Port Washington Blvd, Port Washington, NY 11050
Port Washington, New York, United States
Address
City: Port Washington
Neighborhood: Port Washington North
State: New York
Postal Code: 11050
Country: United States
Business facts
Estimated annual revenue~$740.1K
Estimated employees~2
Annual payroll (2021)~$108.0K
In business since1981
Based on reported payroll data
Contacts
Area statistics (11050)
Population31,920
Median household income$152,020
Source: US Census ACS
About
Millenium Software Ltd., founded in 1981 by Mitch Schwartz, is a leading technology consulting and services company with over 25 years of industry experience. The company is known for its exceptional customer support and unbeatable value. With a strong commitment to excellence, Millenium Software has built long-lasting business relationships with its customers.
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Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$571.7K2019
~$530.7K2020
~$600.7K2021
~$665.6K2022
~$703.3K2023
~$740.1K2024
Modeled from category averages for the region+5.3%/yr since 201980% confidence band: ±68%
Company profile
Legal formCorporation
Incorporated1981 (NY)
Employees (reported band)8-17
Observed
Federal support (SBA)
PPP loan (2020)$21.5K · 1 jobs reported · implies ~$103.4K annual payroll · $21.7K forgiven
Second PPP loan (2021)$22.5K · 1 jobs reported · $22.6K 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 | |
|---|---|---|---|---|---|---|
| Software Company in New York | 8,433 | ~$32.5B | ~$3.9M | ~$1.3M | 5.0★ | 0.6× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure65 chains expanding in this category, led by Invalid, Info, Simple mobile (+1,711 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) | 244 | ~$306.5M | ~$1.3M | ~$594.2K | 956 | ~$93.6M | 1.2× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 53 | ~$94.2M | ~$1.8M | — | 184 | — | — |
1 km area (all businesses): median from the 199 of 244 businesses with estimates
Estimate
Area conditions (11050)
Population31,920 ±1,320
Median household income$152,020 ±$15,999
Median home value$960,000
Bachelor's degree or higher0.7%
Unemployment rate0.0%
Source: US Census ACS