Thread Store
955 Richards St, Farmington, UT 84025
Farmington, Utah, United States
Address
City: Farmington
Neighborhood: Farmington Heights
State: Utah
Postal Code: 84025
Country: United States
Business facts
Estimated annual revenue~$494.3K
Estimated employees~4
In business since2023 (est.)
Estimate based on strong signals
Area statistics (84025)
Population24,463
Median household income$115,278
Source: US Census ACS
About
Thread Store is located in Farmington, Utah. This business is working in the following industry: Fashion Accessories Store.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Fashion Accessories Store).
EstimateCategory trend: 2021, +11.6%
Revenue trend (modeled)
~$411.6K2019
~$356.7K2020
~$401.2K2021
~$444.5K2022
~$469.7K2023
~$494.3K2024
Modeled from category averages for the region+3.7%/yr since 201980% confidence band: ±68%
Property
Lot size4.52 acres
CountyDavis
On this lotshared with 179 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Fashion Accessories Store in Utah | 521 | ~$361.2M | ~$693.3K | ~$599.0K | 4.1★ | 0.8× |
Category revenue trend2021: +11.6%2020: -21.1%2019: +1.2%Modeled from business-level estimates
Chain pressure43 chains expanding in this category, led by Halloween City, Whimsy, Ross Dress for Less (+149 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) | 371 | ~$534.6M | ~$1.4M | ~$695.6K | 2,437 | ~$194.2M | 0.7× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 96 | ~$195.7M | ~$2.0M | — | 658 | — | — |
1 km area (all businesses): median from the 349 of 371 businesses with estimates
Estimate
Area conditions (84025)
Population24,463 ±24
Median household income$115,278 ±$7,062
Median home value$558,300
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS