Musical Instrument Manufacturing in Utah
Revenue benchmarks for musical instrument manufacturing businesses operating in Utah.
#26 of 50 states-83.0% vs national avg
Average Revenue
$819K
per year
Businesses
9
in Utah
Revenue / Employee
$137K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.3
firms per 100K in UT
Total Revenue
$7.4M
all firms in UT
Total Employees
54
in UT
How Utah Compares
National Average$4.8M
Utah$819K
Difference$4.0M (-83.0%)