Precision Stringing
9504 Odelton Ct, Laurel, MD 20723
Laurel, Maryland, United States
Address
City: Laurel
Neighborhood: Steward Manor
State: Maryland
Postal Code: 20723
Country: United States
Business facts
Estimated annual revenue~$180.4K
Estimated employees~1
In business since2016 (est.)
Estimate based on strong signals
Contacts
business
Area statistics (20723)
Population35,845
Median household income$128,226
Source: US Census ACS
About
Precision Stringing, founded in 1999, is a leading provider of custom racquet stringing, grommet replacement, grip replacement, and tournament sub-contracting services. The company achieved significant milestones in 2001 with the acquisition of the Gamma Progression II Stringer and in 2004 with the Tecnifibre TF5500. For more information, visit www.precisionstringing.com.
🍽️
Dining Options
Delivery
🅿️
Parking
Street Parking
💰
Price
$$
♿
Wheelchair Accessible
Parking, Restroom, Seating
Market analysis
Earning below its category median in a growing category (Tennis Store).
EstimateCategory trend: 2021, +16.0%
Revenue trend (modeled)
~$131.9K2019
~$124.3K2020
~$146.4K2021
~$162.3K2022
~$171.5K2023
~$180.4K2024
Modeled from category averages for the region+6.5%/yr since 201980% confidence band: ±68%
Property
Lot size6,055 sq ft
ZoningRSC
CountyHoward
Assessed value$1.5K
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Tennis Store in Maryland | 26 | ~$20.8M | ~$798.3K | ~$542.7K | 4.8★ | 0.3× |
Category revenue trend2021: +16.0%2020: +0.1%2019: -0.6%Modeled from business-level estimates
Chain pressure12 chains expanding in this category, led by Going, Going, Gone!, Outdoor Cover Warehouse, Race Pace Bicycles (+200 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) | 80 | ~$107.7M | ~$1.3M | ~$553.5K | 353 | ~$29.7M | 0.3× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 15 | ~$42.7M | ~$2.8M | — | 93 | — | — |
1 km area (all businesses): median from the 64 of 80 businesses with estimates
Estimate
Area conditions (20723)
Population35,845 ±1,960
Median household income$128,226 ±$10,489
Median home value$493,700
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS