Musical Instrument and Supplies Stores in Minnesota
Revenue benchmarks for musical instrument and supplies stores businesses operating in Minnesota.
#8 of 50 states+9.0% vs national avg
Average Revenue
$2.6M
per year
Businesses
49
in Minnesota
Revenue / Employee
$228K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
0.9
firms per 100K in MN
Total Revenue
$126.3M
all firms in MN
Total Employees
553
in MN
How Minnesota Compares
National Average$2.4M
Minnesota$2.6M
Difference+$213K (+9.0%)