Modclair
623 Valley Rd, Montclair, NJ 07043
Montclair, New Jersey, United States
Address
City: Montclair
Neighborhood: Upper Montclair
State: New Jersey
Postal Code: 07043
Country: United States
Business facts
Estimated annual revenue~$290.8K
Estimated employees~2
Annual payroll (2021)~$55.2K
In business since2004
Based on reported payroll data
Area statistics (07043)
Population13,425
Median household income$231,214
Source: US Census ACS
About
MODCLAIR is a neighborhood furniture store and design studio in Upper Montclair, New Jersey, offering a wide range of furniture, lighting, rugs, accessories, art, and collectibles for the home. The store also features an art gallery with a large in-stock collection of original art, limited edition prints, and figures from renowned artists. With a focus on unique and stylish pieces, MODCLAIR provides a one-of-a-kind shopping experience for homeowners and interior design enthusiasts.
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Price
$$$
🚻
Restroom
Yes
Market analysis
Earning below its category median in a growing category (Interior decorations).
EstimateCategory trend: 2024, +6.4%
Revenue trend (modeled)
~$318.7K2019
~$297.9K2020
~$302.1K2021
~$306.9K2022
~$311.3K2023
~$290.8K2024
Modeled from official industry statistics-1.8%/yr since 201980% confidence band: ±42%
Property
Lot size14 acres
Land use15C
CountyEssex
Land value$1.4M
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$8.7K · 2 jobs reported · implies ~$41.8K annual payroll · $8.8K forgiven
Second PPP loan (2021)$11.5K · 2 jobs reported · $11.6K 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 | |
|---|---|---|---|---|---|---|
| Interior decorations in New Jersey | 1,527 | ~$2.8B | ~$1.8M | ~$1.1M | 5.0★ | 0.3× |
Category revenue trend2024: +6.4%2023: +5.8%2022: +6.5%2021: +14.6%Modeled from business-level estimates
Chain pressure6 chains expanding in this category, led by EmmaJaneMade, Christmas Decor of Rutherford LLC, Decorating Den (+75 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) | 766 | ~$784.9M | ~$1.0M | ~$553.0K | 2,690 | ~$220.6M | 0.5× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 108 | ~$138.5M | ~$1.3M | — | 363 | — | — |
| Professional, scientific and technical activities | 53 | ~$106.1M | ~$2.0M | — | 159 | — | — |
1 km area (all businesses): median from the 675 of 766 businesses with estimates
Estimate
Area conditions (07043)
Population13,425 ±1,056
Median household income$231,214 ±$26,065
Median home value$883,400
Bachelor's degree or higher0.8%
Unemployment rate0.1%
Source: US Census ACS