Wormser Development
611 Riverside Ave, Westport, CT 06880
Westport, Connecticut, United States
Address
City: Westport
Neighborhood: Saugatuck
State: Connecticut
Postal Code: 06880
Country: United States
Business facts
Estimated annual revenue~$1.2M
Estimated employees~3
Estimated wage bill~$264.6K
In business since2010
Based on reported payroll data
Contacts
Area statistics (06880)
Population27,331
Median household income$242,574
Source: US Census ACS
About
Wormser Development Group is a full-service real estate development firm with design/build expertise. They offer a comprehensive range of services including site selection, design, approvals, value engineering, and project management.
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Price
$$
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Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a stable category (Real Estate Developer).
EstimateCategory trend: 2024, +1.9%
Revenue trend (modeled)
~$953.3K2019
~$979.1K2020
~$1.2M2021
~$1.3M2022
~$1.2M2023
~$1.2M2024
Modeled from official industry statistics+4.9%/yr since 201980% confidence band: ±51%
Company profile
Incorporated2010 (CT)
Employees (reported band)14
Social media followers15
Observed
Property
Lot size0.62 acres
ZoningGBD
CountyWestern_connecticut_planning_region
Parcel ownerBOCCANFUSO PAMELA JO ET AL
Assessed value$1.9M
On this lotshared with 15 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$1.0K · 1 jobs reported
EIDL disaster loan (2020)$17.0K
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Real Estate Developer in Connecticut | 281 | ~$550.2M | ~$2.0M | ~$869.7K | 4.8★ | 1.4× |
Category revenue trend2024: +1.9%2023: -8.8%2022: +6.6%2021: +18.6%Modeled from business-level estimates
Chain pressure125 chains expanding in this category, led by KD Kling, Ken Fried, Cynthia Dul (+847 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) | 168 | ~$254.0M | ~$1.5M | ~$578.0K | 796 | ~$69.4M | 2.1× |
| Real estate activities | 3 | ~$4.4M | ~$1.5M | — | 8 | — | — |
1 km area (all businesses): median from the 145 of 168 businesses with estimates
Estimate
Area conditions (06880)
Population27,331 ±113
Median household income$242,574 ±$36,395
Median home value$1,206,500
Bachelor's degree or higher0.8%
Unemployment rate0.1%
Source: US Census ACS