Hardware Stores Revenue Benchmarks

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

Average Revenue

$3.7M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$231K

per year

👤

Total Businesses

9,310

in the US

🏢

Est. Owner Income

$147K

small business avg

💵

Labor Cost

14.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

2.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$507K
5-9 employees
$1.4M
10-19 employees
$2.7M
20-99 employees
$6.7M
100-499 employees
$20.0M
500+ employees
$271.8M

🏆 Highest Revenue States

1.California$5.5M avg2.Washington$5.5M avg3.Nevada$5.4M avg4.Hawaii$5.3M avg5.Arizona$5.0M avg6.Colorado$4.5M avg7.Alaska$4.3M avg8.Oregon$4.3M avg9.Texas$4.3M avg10.New Hampshire$4.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.62%

openings/year

Closure Rate

4.43%

closings/year

Net Job Growth

-0.87%

annual

Businesses Closed

1,831

in 2023

Firm Count Trend

19
20
21
22
23
32,408 firms30,090 firms

💡 Should You Start a Hardware Stores Business?

Startup Cost

$75K – $400K

Break-Even

19 months

5-Year Survival Rate

48.0%

🆚 Related Industries

Gasoline Stations with Convenience Stores$6.0MElectronic Shopping and Mail-Order Houses$5.8MSupermarkets and Other Grocery (except Convenience) Stores$16.2MConvenience Stores$879KBeer, Wine, and Liquor Stores$1.1M

Compare Hardware Stores revenue with other industries:

vs Gasolinevs Electronicvs Supermarkets