Document Preparation Services Revenue Benchmarks

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

Average Revenue

$833K

per year

💰

Profit Margin

8.0%

industry average

📈

Revenue / Employee

$68K

per year

👤

Total Businesses

3,206

in the US

🏢

Est. Owner Income

$67K

small business avg

💵

Labor Cost

55.0%

of revenue

👥

Avg Employee Wage

$51K

per year (BLS)

💼

Market Saturation

1.0

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$119K
5-9 employees
$514K
10-19 employees
$1.3M
20-99 employees
$4.0M
100-499 employees
$10.3M
500+ employees
$32.7M

🏆 Highest Revenue States

1.Kansas$4.2M avg2.Idaho$3.0M avg3.North Carolina$2.1M avg4.Alabama$2.0M avg5.Louisiana$1.5M avg6.Alaska$1.5M avg7.Texas$1.3M avg8.Pennsylvania$1.3M avg9.Delaware$1.0M avg10.Illinois$1.0M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.81%

openings/year

Closure Rate

13.14%

closings/year

Net Job Growth

-7.8%

annual

Businesses Closed

2,058

in 2023

Firm Count Trend

19
20
21
22
23
20,843 firms19,450 firms

💡 Should You Start a Document Preparation Business?

Startup Cost

$50K – $250K

Break-Even

27 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Landscaping Services$566KJanitorial Services$808KOffice Administrative Services$2.3MOther Services to Buildings and Dwellings$400KTemporary Help Services$14.3M

Compare Document Preparation Services revenue with other industries:

vs Landscapingvs Janitorialvs Office