The Businesses Most Likely to Survive: Lowest Failure Rates
While the average business has about a 9% annual closure rate, some industries are remarkably stable. These tend to be essential services with recurring revenue, high switching costs, or significant regulatory barriers to entry.
Lowest Failure Rate Industries
- 1. All Other General Merchandise Stores: Only 2.06% close per year
- 2. General Medical and Surgical Hospitals: Only 2.39% close per year
- 3. Elementary and Secondary Schools: Only 3.3% close per year
- 4. Other Building Material Dealers: Only 4.43% close per year
- 5. Hardware Stores: Only 4.43% close per year
- 6. Automotive Parts and Accessories Stores: Only 4.45% close per year
- 7. Tire Dealers: Only 4.45% close per year
- 8. Hardware Merchant Wholesalers: Only 4.64% close per year
- 9. Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers: Only 4.64% close per year
- 10. Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers: Only 4.64% close per year
- 11. Community Food Services: Only 4.74% close per year
- 12. Other Community Housing Services: Only 4.74% close per year