Musical Instrument and Supplies Stores in Michigan
Revenue benchmarks for musical instrument and supplies stores businesses operating in Michigan.
#6 of 50 states+19.5% vs national avg
Average Revenue
$2.8M
per year
Businesses
60
in Michigan
Revenue / Employee
$217K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
0.6
firms per 100K in MI
Total Revenue
$169.6M
all firms in MI
Total Employees
781
in MI
How Michigan Compares
National Average$2.4M
Michigan$2.8M
Difference+$462K (+19.5%)