Study Edge

4.9★★★★★(304 reviews)

1717 NW 1st Ave

Gainesville, Florida, United States

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Business facts

Estimated annual revenue~$1.9M
Estimated employees~24
Annual payroll (2021)~$1.1M
In business since2011
Estimate based on strong signals
Based on reported payroll data

Area statistics (32603)

Population6,855
Median household income$12,894
Source: US Census ACS

About

Study Edge is a premier academic resource that provides affordable study expertise and support available 24/7 to both students and parents. The platform offers Review Sessions and Study Guides for undergraduate courses, all prepared and administered by Study Experts with over 5 years of experience in their respective subjects. With a focus on historically difficult courses, Study Edge offers video content and practice problems to help college students improve their understanding of course material and perform better on exams. The platform is accessible through an online platform, as well as iPhone/iPad and Android apps, and was founded by Ethan Fieldman, a former UF student who started tutoring and eventually co-founded the company in 2011.

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Credit Cards
American Express, Debit Card, Discover, Mastercard, Visa
Wheelchair Accessible
Yes
Categories: Tutoring Service.
ISIC Codes: 8549.

Market analysis

Earning above its category median in a growing category (Tutoring Service).

EstimateCategory trend: 2024, +7.6%

Revenue trend (modeled)

~$1.1M2019
~$1.0M2020
~$1.2M2021
~$1.4M2022
~$1.8M2023
~$1.9M2024
Modeled from official industry statistics+11.0%/yr since 201980% confidence band: ±42%

Company profile

Legal formLimited liability company (LLC)
Incorporated2011 (FL)
Employees (reported band)15
Observed

Federal support (SBA)

Second PPP loan (2021)$232.9K · 15 jobs reported · $233.9K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Tutoring Service in Florida2,213~$707.0M~$320.3K~$191.8K5.0★10.0×
Category revenue trend2024: +7.6%2023: +10.1%2022: +15.2%2021: +14.1%Modeled from business-level estimates
Chain pressure78 chains expanding in this category, led by Mathnasium, Club Z of SW Florida, Tutor Doctor (+1,484 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)636~$735.5M~$1.2M~$588.7K3,435~$273.7M3.3×
Education78~$112.0M~$1.4M510

1 km area (all businesses): median from the 475 of 636 businesses with estimates

Estimate

Area conditions (32603)

Population6,855 ±868
Median household income$12,894 ±$5,346
Median home value$284,100
Bachelor's degree or higher0.7%
Unemployment rate0.1%
Source: US Census ACS
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