Food Service Contractors Revenue Benchmarks

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

Average Revenue

$12.4M

per year

💰

Profit Margin

5.0%

industry average

📈

Revenue / Employee

$83K

per year

👤

Total Businesses

3,428

in the US

🏢

Est. Owner Income

$618K

small business avg

💵

Labor Cost

32.0%

of revenue

👥

Avg Employee Wage

$37K

per year (BLS)

💼

Market Saturation

1.0

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$254K
5-9 employees
$622K
10-19 employees
$1.3M
20-99 employees
$3.9M
100-499 employees
$13.9M
500+ employees
$391.8M

🏆 Highest Revenue States

1.Massachusetts$16.8M avg2.Pennsylvania$16.6M avg3.North Carolina$14.2M avg4.Illinois$13.2M avg5.Missouri$12.9M avg6.Tennessee$12.6M avg7.New York$12.6M avg8.Georgia$12.3M avg9.Texas$11.6M avg10.Louisiana$11.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

13.99%

openings/year

Closure Rate

10.68%

closings/year

Net Job Growth

+9.65%

annual

Businesses Closed

3,454

in 2023

Firm Count Trend

19
20
21
22
23
17,187 firms21,706 firms

💡 Should You Start a Food Service Business?

Startup Cost

$100K – $500K

Break-Even

6 months

5-Year Survival Rate

40.0%

🆚 Related Industries

Full-Service Restaurants$1.6MLimited-Service Restaurants$1.6MSnack and Nonalcoholic Beverage Bars$810KHotels (except Casino Hotels) and Motels$2.7MDrinking Places (Alcoholic Beverages)$641K

Compare Food Service Contractors revenue with other industries:

vs Full-Servicevs Limited-Servicevs Snack