Convenience Stores Revenue Benchmarks

How much does the average convenience stores business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$879K

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$183K

per year

👤

Total Businesses

32,008

in the US

🏢

Est. Owner Income

$35K

small business avg

💵

Labor Cost

12.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

9.7

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$371K
5-9 employees
$1.1M
10-19 employees
$2.0M
20-99 employees
$4.2M
100-499 employees
$12.7M
500+ employees
$82.2M

🏆 Highest Revenue States

1.Hawaii$2.2M avg2.Delaware$1.9M avg3.Alaska$1.6M avg4.New Jersey$1.5M avg5.California$1.5M avg6.North Dakota$1.5M avg7.Oregon$1.4M avg8.Maine$1.4M avg9.Maryland$1.3M avg10.Colorado$1.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

9.03%

openings/year

Closure Rate

7.77%

closings/year

Net Job Growth

+0.14%

annual

Businesses Closed

6,068

in 2023

Firm Count Trend

19
20
21
22
23
60,042 firms65,750 firms

💡 Should You Start a Convenience Stores Business?

Startup Cost

$75K – $400K

Break-Even

81 months

5-Year Survival Rate

48.0%

🆚 Related Industries

Gasoline Stations with Convenience Stores$6.0MElectronic Shopping and Mail-Order Houses$5.8MSupermarkets and Other Grocery (except Convenience) Stores$16.2MBeer, Wine, and Liquor Stores$1.1MUsed Car Dealers$4.8M

Compare Convenience Stores revenue with other industries:

vs Gasolinevs Electronicvs Supermarkets