Quantworks
280 S Mangum St Suite 330, Durham, NC 27701
Durham, North Carolina, United States
Address
City: Durham
Neighborhood: Tenney Circle
State: North Carolina
Postal Code: 27701
Country: United States
Business facts
Estimated annual revenue~$2.3M
Estimated employees~7
Estimated wage bill~$572.4K
In business since2015
Estimate based on strong signals
Area statistics (27701)
Population24,380
Median household income$61,475
Source: US Census ACS
About
Quantworks is located in Durham, North Carolina, and was founded in 2015. This business is working in the following industry: Software Company.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$1.6M2019
~$1.7M2020
~$1.9M2021
~$2.1M2022
~$2.2M2023
~$2.3M2024
Modeled from category averages for the region+7.9%/yr since 201980% confidence band: ±68%
Property
Lot size2.05 acres
Land useDD-C
CountyDurham
Parcel ownerDIAMOND VIEW II LLC
Land value$13.3M
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Software Company in North Carolina | 2,533 | ~$14.0B | ~$5.6M | ~$1.4M | 5.0★ | 1.6× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure46 chains expanding in this category, led by Walmart Connection Center, Metro by T-Mobile, YP (+1,969 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) | 557 | ~$1.5B | ~$2.8M | ~$895.9K | 4,495 | ~$564.1M | 2.6× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 68 | ~$576.4M | ~$8.5M | — | 519 | — | — |
1 km area (all businesses): median from the 446 of 557 businesses with estimates
Estimate
Area conditions (27701)
Population24,380 ±1,799
Median household income$61,475 ±$5,798
Median home value$414,100
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS