Musical Instrument and Supplies Stores in Maryland
Revenue benchmarks for musical instrument and supplies stores businesses operating in Maryland.
#3 of 50 states+58.5% vs national avg
Average Revenue
$3.7M
per year
Businesses
41
in Maryland
Revenue / Employee
$218K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
0.7
firms per 100K in MD
Total Revenue
$153.6M
all firms in MD
Total Employees
704
in MD
How Maryland Compares
National Average$2.4M
Maryland$3.7M
Difference+$1.4M (+58.5%)