Musical Instrument and Supplies Stores Revenue Benchmarks

How much does the average musical instrument and supplies stores business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$2.4M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$225K

per year

👤

Total Businesses

2,380

in the US

🏢

Est. Owner Income

$95K

small business avg

💵

Labor Cost

14.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

0.7

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$415K
5-9 employees
$1.5M
10-19 employees
$3.2M
20-99 employees
$9.7M
100-499 employees
$29.8M

🏆 Highest Revenue States

1.Iowa$4.4M avg2.Texas$3.8M avg3.Maryland$3.7M avg4.Nevada$3.4M avg5.North Dakota$3.2M avg6.Michigan$2.8M avg7.Washington$2.6M avg8.Minnesota$2.6M avg9.California$2.5M avg10.Missouri$2.5M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.7%

openings/year

Closure Rate

7.58%

closings/year

Net Job Growth

+0.54%

annual

Businesses Closed

1,944

in 2023

Firm Count Trend

19
20
21
22
23
23,135 firms23,199 firms

💡 Should You Start a Musical Instrument and Supplies Stores Business?

Startup Cost

$75K – $400K

Break-Even

30 months

5-Year Survival Rate

48.0%

🆚 Related Industries

Gasoline Stations with Convenience Stores$6.0MElectronic Shopping and Mail-Order Houses$5.8MSupermarkets and Other Grocery (except Convenience) Stores$16.2MConvenience Stores$879KBeer, Wine, and Liquor Stores$1.1M

Compare Musical Instrument and Supplies Stores revenue with other industries:

vs Gasolinevs Electronicvs Supermarkets