Gift, Novelty, and Souvenir Stores in Michigan
Revenue benchmarks for gift, novelty, and souvenir stores businesses operating in Michigan.
#22 of 50 states-16.6% vs national avg
Average Revenue
$1.2M
per year
Businesses
447
in Michigan
Revenue / Employee
$147K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
4.4
firms per 100K in MI
Total Revenue
$540.6M
all firms in MI
Total Employees
3,688
in MI
How Michigan Compares
National Average$1.4M
Michigan$1.2M
Difference$240K (-16.6%)