Order Processing Technologies
965 Concord St #5, Framingham, MA 01701
Framingham, Massachusetts, United States
Address
City: Framingham
Neighborhood: Golden Triangle
State: Massachusetts
Postal Code: 01701
Country: United States
Business facts
Estimated annual revenue~$7.3M
Estimated employees~5
Annual payroll (2021)~$600.0K
In business since1982
Based on reported payroll data
Contacts
Area statistics (01701)
Population32,973
Median household income$124,532
Source: US Census ACS
About
Order Processing Technologies is located in Framingham, Massachusetts, and was founded in 1982. This business is working in the following industry: Software Company. Annual sales for Order Processing Technologies are around < $1.0M.
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$4.4M2019
~$5.0M2020
~$5.9M2021
~$6.5M2022
~$6.9M2023
~$7.3M2024
Modeled from category averages for the region+10.5%/yr since 201980% confidence band: ±68%
Property
Lot size3.16 acres
Land use340
ZoningM-1
CountyMiddlesex
Parcel ownerBROSSI BROTHERS LIMITED PARTNERSHIP
Assessed value$5.2M (land $1.5M)
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$8.0K · 8 jobs reported
EIDL disaster loan (2020)$143.2K
PPP loan (2020)$210.1K · 10 jobs reported · implies ~$1.0M annual payroll · $213.6K forgiven
Second PPP loan (2021)$125.0K · 8 jobs reported · $125.8K 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 Massachusetts | 3,246 | ~$27.8B | ~$8.6M | ~$1.6M | 5.0★ | 4.6× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure28 chains expanding in this category, led by Metro by T-Mobile, Miro Inc, Metropcs (+503 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) | 400 | ~$1.4B | ~$3.6M | ~$1.2M | 3,177 | ~$333.7M | 6.2× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 76 | ~$458.6M | ~$6.0M | — | 671 | — | — |
1 km area (all businesses): median from the 343 of 400 businesses with estimates
Estimate
Area conditions (01701)
Population32,973 ±1,419
Median household income$124,532 ±$6,356
Median home value$568,100
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS