Hardware Merchant Wholesalers Revenue Benchmarks

How much does the average hardware merchant wholesalers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$12.1M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$578K

per year

👤

Total Businesses

4,427

in the US

🏢

Est. Owner Income

$483K

small business avg

💵

Labor Cost

12.0%

of revenue

👥

Avg Employee Wage

$78K

per year (BLS)

💼

Market Saturation

1.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$900K
5-9 employees
$3.4M
10-19 employees
$7.2M
20-99 employees
$20.1M
100-499 employees
$62.1M
500+ employees
$338.5M

🏆 Highest Revenue States

1.South Carolina$39.5M avg2.Wisconsin$24.9M avg3.West Virginia$19.9M avg4.Mississippi$18.5M avg5.Connecticut$17.5M avg6.Tennessee$16.5M avg7.North Carolina$14.1M avg8.Illinois$14.1M avg9.Ohio$13.6M avg10.Michigan$13.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

5.61%

openings/year

Closure Rate

4.64%

closings/year

Net Job Growth

+4.3%

annual

Businesses Closed

532

in 2023

Firm Count Trend

19
20
21
22
23
9,297 firms8,601 firms

💡 Should You Start a Hardware Merchant Wholesalers Business?

Startup Cost

$50K – $250K

Break-Even

4 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Wholesale Trade Agents and Brokers$3.9MIndustrial Machinery and Equipment Merchant Wholesalers$12.2MOther Grocery and Related Products Merchant Wholesalers$14.3MOther Miscellaneous Nondurable Goods Merchant Wholesalers$3.7MOther Miscellaneous Durable Goods Merchant Wholesalers$5.5M

Compare Hardware Merchant Wholesalers revenue with other industries:

vs Wholesalevs Industrialvs Other