Medicinal and Botanical Manufacturing Revenue Benchmarks

How much does the average medicinal and botanical manufacturing business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$21.0M

per year

💰

Profit Margin

10.0%

industry average

📈

Revenue / Employee

$446K

per year

👤

Total Businesses

720

in the US

🏢

Est. Owner Income

$2.1M

small business avg

💵

Labor Cost

18.0%

of revenue

👥

Avg Employee Wage

$132K

per year (BLS)

💼

Market Saturation

0.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$839K
5-9 employees
$2.1M
10-19 employees
$4.2M
20-99 employees
$12.6M
100-499 employees
$69.4M
500+ employees
$208.9M

🏆 Highest Revenue States

1.Maryland$73.2M avg2.North Carolina$64.1M avg3.Massachusetts$56.1M avg4.Alabama$53.2M avg5.South Carolina$48.3M avg6.Missouri$41.3M avg7.Pennsylvania$33.8M avg8.New York$31.3M avg9.New Jersey$29.1M avg10.California$28.9M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

10.64%

openings/year

Closure Rate

8.58%

closings/year

Net Job Growth

+1.41%

annual

Businesses Closed

198

in 2023

Firm Count Trend

19
20
21
22
23
1,859 firms2,086 firms

💡 Should You Start a Medicinal and Botanical Manufacturing Business?

Startup Cost

$50K – $250K

Break-Even

1 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Machine Shops$3.2MCommercial Printing (except Screen and Books)$5.8MRetail Bakeries$1.8MWood Kitchen Cabinet and Countertop Manufacturing$3.3MSign Manufacturing$2.9M

Compare Medicinal and Botanical Manufacturing revenue with other industries:

vs Machinevs Commercialvs Retail