Barber Shops in Michigan
Revenue benchmarks for barber shops businesses operating in Michigan.
#40 of 50 states-23.1% vs national avg
Average Revenue
$250K
per year
Businesses
125
in Michigan
Revenue / Employee
$61K
per year
Labor Cost
38.0%
of revenue
Profit Margin
8.0%
industry average
Market Saturation
1.2
firms per 100K in MI
Total Revenue
$31.2M
all firms in MI
Total Employees
513
in MI
How Michigan Compares
National Average$325K
Michigan$250K
Difference$75K (-23.1%)