Hardware Stores in Michigan
Revenue benchmarks for hardware stores businesses operating in Michigan.
#36 of 50 states-16.3% vs national avg
Average Revenue
$3.1M
per year
Businesses
420
in Michigan
Revenue / Employee
$202K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
4.2
firms per 100K in MI
Total Revenue
$1.3B
all firms in MI
Total Employees
6,418
in MI
How Michigan Compares
National Average$3.7M
Michigan$3.1M
Difference$601K (-16.3%)