TE2 Engineering
200 Reservoir St #204, Needham, MA 02494
Needham, Massachusetts, United States
Address
City: Needham
Neighborhood: Needham Heights
State: Massachusetts
Postal Code: 02494
Country: United States
Business facts
Estimated annual revenue~$13.5M
Estimated employees~8
Annual payroll (2021)~$4.1M
In business since2017
Based on reported payroll data
Contacts
Mechanical or Industrial Engineering
Area statistics (02494)
Population10,765
Median household income$203,690
Source: US Census ACS
About
TE2 Engineering is a consulting firm specializing in HVAC and renewable energy design. They offer a range of engineering services, including building and energy analysis, HVAC design, and indoor air quality analysis for residential and commercial projects. Their goal is to deliver solutions that meet the expectations of the end user while remaining financially feasible. They work on a variety of projects, from high-end residential compounds to data centers.
🅿️
Parking
Yes
💰
Price
$$
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Engineering Consultant).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$11.2M2019
~$11.6M2020
~$12.0M2021
~$12.1M2022
~$12.3M2023
~$13.5M2024
Modeled from official industry statistics+3.7%/yr since 201980% confidence band: ±42%
Company profile
Legal formLimited liability company (LLC)
Incorporated2010 (MA)
Employees (reported band)11-17
Observed
Property
Lot size1.62 acres
Land use340
ZoningI
CountyNorfolk
Parcel ownerPETRINI, GREGORY L. TRUSTEE
Assessed value$6.0M (land $2.2M)
ObservedPublic assessor / cadastre record
Federal support (SBA)
PPP loan (2020)$844.1K · 56 jobs reported · implies ~$4.1M annual payroll · $855.1K forgiven
Second PPP loan (2021)$844.1K · 50 jobs reported · $855.4K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Engineering Consultant in Massachusetts | 745 | ~$6.9B | ~$9.3M | ~$3.2M | 5.0★ | 4.2× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure22 chains expanding in this category, led by A.Normandin Design, Siemens, Tetra Tech (+46 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) | 170 | ~$260.3M | ~$1.5M | ~$977.5K | 938 | ~$174.9M | 14× |
| Professional, scientific and technical activities | 9 | ~$61.6M | ~$6.8M | — | 91 | — | — |
1 km area (all businesses): median from the 78 of 170 businesses with estimates
Estimate
Area conditions (02494)
Population10,765 ±707
Median household income$203,690 ±$52,474
Median home value$989,100
Bachelor's degree or higher0.7%
Unemployment rate0.0%
Source: US Census ACS