Drinking Places (Alcoholic Beverages) in Michigan
Revenue benchmarks for drinking places (alcoholic beverages) businesses operating in Michigan.
#29 of 50 states-12.5% vs national avg
Average Revenue
$560K
per year
Businesses
1,243
in Michigan
Revenue / Employee
$76K
per year
Labor Cost
32.0%
of revenue
Profit Margin
5.0%
industry average
Market Saturation
12.3
firms per 100K in MI
Total Revenue
$696.5M
all firms in MI
Total Employees
9,113
in MI
How Michigan Compares
National Average$641K
Michigan$560K
Difference$80K (-12.5%)