Precision Engineering & Development
701 N Iowa Ave, Villa Park, IL 60181
Villa Park, Illinois, United States
Address
City: Villa Park
Neighborhood: South Addison
State: Illinois
Postal Code: 60181
Country: United States
Business facts
Estimated annual revenue~$1.1M
Estimated employees~4
Annual payroll (2021)~$300.7K
In business since2023 (est.)
Based on reported payroll data
Area statistics (60181)
Population30,973
Median household income$86,812
Source: US Census ACS
About
Precision Engineering & Development is located in Villa Park, Illinois. This business is working in the following industry: Machine Shop.
♿
Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Machine Shop).
EstimateCategory trend: 2024, +2.6%
Revenue trend (modeled)
~$959.6K2019
~$885.4K2020
~$989.7K2021
~$1.1M2022
~$1.1M2023
~$1.1M2024
Modeled from official industry statistics+3.4%/yr since 201980% confidence band: ±42%
Federal support (SBA)
PPP loan (2020)$62.8K · 6 jobs reported · implies ~$301.2K annual payroll · $63.1K forgiven
Second PPP loan (2021)$62.6K · 5 jobs reported · $63.0K 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 | |
|---|---|---|---|---|---|---|
| Machine Shop in Illinois | 1,659 | ~$8.4B | ~$9.2M | ~$2.3M | 5.0★ | 0.5× |
Machine Shop in Illinois: revenue figures from the 912 of 1,659 businesses with estimates
Category revenue trend2024: +2.6%2023: +6.7%2022: +9.0%2021: +3.1%Modeled from business-level estimates
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) | 176 | ~$366.1M | ~$2.1M | ~$488.4K | 801 | ~$74.0M | 2.3× |
| Manufacturing | 15 | ~$2.9M | ~$195.3K | — | 61 | — | — |
1 km area (all businesses): median from the 151 of 176 businesses with estimates
Estimate
Area conditions (60181)
Population30,973 ±953
Median household income$86,812 ±$4,104
Median home value$282,800
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS