Institutional Furniture Manufacturing in Michigan
Revenue benchmarks for institutional furniture manufacturing businesses operating in Michigan.
#2 of 50 states+121.0% vs national avg
Average Revenue
$20.3M
per year
Businesses
37
in Michigan
Revenue / Employee
$283K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$752.6M
all firms in MI
Total Employees
2,663
in MI
How Michigan Compares
National Average$9.2M
Michigan$20.3M
Difference+$11.1M (+121.0%)