Limousine Service Revenue Benchmarks

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

Average Revenue

$518K

per year

💰

Profit Margin

5.0%

industry average

📈

Revenue / Employee

$116K

per year

👤

Total Businesses

3,851

in the US

🏢

Est. Owner Income

$26K

small business avg

💵

Labor Cost

35.0%

of revenue

👥

Avg Employee Wage

$42K

per year (BLS)

💼

Market Saturation

1.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$123K
5-9 employees
$605K
10-19 employees
$1.5M
20-99 employees
$4.4M
100-499 employees
$16.3M

🏆 Highest Revenue States

1.Nevada$2.1M avg2.Alaska$1.9M avg3.Missouri$1.4M avg4.Maryland$1.3M avg5.New Hampshire$1.2M avg6.Connecticut$1.1M avg7.Kentucky$984K avg8.Massachusetts$858K avg9.New Jersey$736K avg10.Minnesota$720K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

23.52%

openings/year

Closure Rate

15.65%

closings/year

Net Job Growth

+8.88%

annual

Businesses Closed

843

in 2023

Firm Count Trend

19
20
21
22
23
6,496 firms6,136 firms

💡 Should You Start a Limousine Service Business?

Startup Cost

$50K – $250K

Break-Even

69 months

5-Year Survival Rate

50.0%

🆚 Related Industries

General Freight Trucking, Long-Distance, Truckload$1.8MGeneral Freight Trucking, Local$984KSpecialized Freight (except Used Goods) Trucking, Local$1.2MFreight Transportation Arrangement$3.8MSpecialized Freight (except Used Goods) Trucking, Long-Distance$2.9M

Compare Limousine Service revenue with other industries:

vs Generalvs Generalvs Specialized