Solution Prep
Claimed
1930 NJ-35, Wall Township, NJ 07719
Belmar, New Jersey, United States
Address
City: Belmar
Neighborhood: Osbornes Mills
State: New Jersey
Postal Code: 07719
Country: United States
Business facts
Estimated annual revenue~$171.8K
Estimated employees~3
In business since2007
Estimate based on strong signals
Area statistics (07719)
Population21,994
Median household income$116,116
Source: US Census ACS
About
Solution Prep is a test-prep program in New Jersey, led by expert teachers Eric, Laura, and Adam. They have authored best-selling test-prep and college guide books and have taught their course to over 1000 students. Their program integrates essential test-taking strategies with personalized content tailored to each student. They are known for their dynamic and fun teaching style and even bring Girl Scout Cookies to their sessions.
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Credit Cards
American Express, Check, Discover, Mastercard, Visa
♿
Wheelchair Accessible
Parking
Market analysis
Earning below its category median in a growing category (Tutoring Service).
EstimateCategory trend: 2024, +7.6%
Revenue trend (modeled)
~$128.8K2019
~$108.2K2020
~$130.3K2021
~$152.7K2022
~$169.5K2023
~$171.8K2024
Modeled from official industry statistics+5.9%/yr since 201980% confidence band: ±42%
Property
Lot size3.04 acres
Land use15E
CountyMonmouth
Land value$2.1M
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Tutoring Service in New Jersey | 1,282 | ~$550.8M | ~$429.6K | ~$254.0K | 5.0★ | 0.7× |
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure39 chains expanding in this category, led by Mathnasium, Kumon Math And Reading, Club Z! In-Home Tutoring (+1,079 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) | 180 | ~$283.9M | ~$1.6M | ~$808.4K | 1,028 | ~$84.4M | 0.2× |
| Education | 6 | ~$3.3M | ~$552.4K | — | 23 | — | — |
1 km area (all businesses): median from the 159 of 180 businesses with estimates
Estimate
Area conditions (07719)
Population21,994 ±1,089
Median household income$116,116 ±$11,397
Median home value$589,600
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS