Prep U
4701 Sangamore Rd Suite S105, Bethesda, MD 20816
Bethesda, Maryland, United States
Address
City: Bethesda
Neighborhood: Brookmont
State: Maryland
Postal Code: 20816
Country: United States
Business facts
Estimated annual revenue~$275.2K
Estimated employees~2
In business since2005
Estimate based on strong signals
Contacts
Area statistics (20816)
Population17,390
Median household income$228,311
Source: US Census ACS
About
Founded in 2005 by David Storper, Prep U offers expert one-on-one tutoring for a variety of standardized tests and academic subjects. With a personalized program, students can prepare for exams such as the SAT, ACT, GRE, and more, as well as receive math and academic coaching. Prep U is the top choice for test preparation and academic support in the DMV area.
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Parking
Street Parking, Car Park
♿
Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Tutoring Service).
EstimateCategory trend: 2024, +7.6%
Revenue trend (modeled)
~$145.9K2019
~$144.5K2020
~$239.2K2021
~$215.1K2022
~$270.3K2023
~$275.2K2024
Modeled from official industry statistics+13.5%/yr since 201980% confidence band: ±42%
Property
Lot size6.98 acres
ZoningNR07
CountyMontgomery
Assessed value$1.6K
On this lotshared with 183 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Tutoring Service in Maryland | 619 | ~$329.8M | ~$533.7K | ~$406.3K | 5.0★ | 0.7× |
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure28 chains expanding in this category, led by Mathnasium, Kumon Math and Reading Center of Olney, Club Z! In Home Tutoring (+265 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) | 289 | ~$441.4M | ~$1.5M | ~$704.8K | 1,228 | ~$123.1M | 0.4× |
| Education | 11 | ~$16.9M | ~$1.5M | — | 54 | — | — |
1 km area (all businesses): median from the 235 of 289 businesses with estimates
Estimate
Area conditions (20816)
Population17,390 ±1,099
Median household income$228,311 ±$21,288
Median home value$1,136,500
Bachelor's degree or higher0.9%
Unemployment rate0.1%
Source: US Census ACS