Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers in Michigan
Revenue benchmarks for jewelry, watch, precious stone, and precious metal merchant wholesalers businesses operating in Michigan.
#31 of 50 states-46.4% vs national avg
Average Revenue
$1.7M
per year
Businesses
71
in Michigan
Revenue / Employee
$388K
per year
Labor Cost
12.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
0.7
firms per 100K in MI
Total Revenue
$120.2M
all firms in MI
Total Employees
310
in MI
How Michigan Compares
National Average$3.2M
Michigan$1.7M
Difference$1.5M (-46.4%)