Cosmetology and Barber Schools Revenue Benchmarks

How much does the average cosmetology and barber schools business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$875K

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$67K

per year

👤

Total Businesses

1,249

in the US

🏢

Est. Owner Income

$87K

small business avg

💵

Labor Cost

55.0%

of revenue

👥

Avg Employee Wage

$42K

per year (BLS)

💼

Market Saturation

0.4

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$117K
5-9 employees
$371K
10-19 employees
$826K
20-99 employees
$2.2M
100-499 employees
$8.3M
500+ employees
$18.8M

🏆 Highest Revenue States

1.Nevada$1.4M avg2.Georgia$1.3M avg3.Iowa$1.3M avg4.Florida$1.1M avg5.Utah$1.1M avg6.Arizona$1.1M avg7.Nebraska$1.0M avg8.Kansas$1.0M avg9.Maryland$1.0M avg10.New Jersey$976K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

12.57%

openings/year

Closure Rate

10.09%

closings/year

Net Job Growth

+3.04%

annual

Businesses Closed

561

in 2023

Firm Count Trend

19
20
21
22
23
6,172 firms6,785 firms

💡 Should You Start a Cosmetology and Barber Schools Business?

Startup Cost

$50K – $250K

Break-Even

21 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Elementary and Secondary Schools$4.5MSports and Recreation Instruction$316KFine Arts Schools$233KEducational Support Services$1.3MExam Preparation and Tutoring$620K

Compare Cosmetology and Barber Schools revenue with other industries:

vs Elementaryvs Sportsvs Fine