Other Electronic and Precision Equipment Repair and Maintenance Revenue Benchmarks
The average other electronic and precision equipment repair and maintenance business in the United States generates $2.9M in annual revenue, according to the U.S. Census Bureau Statistics of U.S. Businesses (SUSB 2021). There are 2,663 other electronic and precision equipment repair and maintenance businesses in the U.S., employing 36,602 workers with an average profit margin of 8.0%.
What Does a Other Electronic and Precision Equipment Repair and Maintenance Business Actually Do?
Repair of precision equipment — medical devices, industrial electronics, cameras, professional audio-visual gear.
Who buys: Hospitals, industrial companies, professional users.
Average Revenue
$2.9M
per year
Profit Margin
8.0%
industry average
Revenue / Employee
$214K
per year
Total Businesses
2,663
in the US
Est. Owner Income
$235K
small business avg
Labor Cost
38.0%
of revenue
Avg Employee Wage
N/A
per year (BLS)
Market Saturation
0.8
firms per 100K people
How Much Do Other Electronic and Precision Equipment Repair and Maintenance Charge?
Precision electronic equipment repair (medical devices, industrial electronics, cameras) — high-margin per hour.
| Service | Typical range |
|---|---|
Hourly labor rate | $100–200/hour |
Medical device service contract | $500–5,000/month |
Depot repair (per unit) | $200–2,000 |
Ranges based on industry rate surveys and typical published pricing. Actual quotes vary by city, business size, and job complexity.
Complete other electronic and precision equipment repair and maintenance business plan
A 12-section data-backed business plan for a other electronic and precision equipment repair and maintenance business — executive summary, market analysis, competitive landscape, revenue model, 3-year financial projections, operations, marketing, staffing, funding request. Pre-populated with real Census, IRS, and BLS data on this industry. Free to view.
Cost Structure — Where Every $100 in Revenue Goes
Approximate P&L breakdown for the other electronic and precision equipment repair and maintenance industry. Labor share and net profit are grounded in Census SUSB and IRS SOI data. Other lines are split using sector-typical ratios.
| Category | Per $100 revenue | Per typical business | What's in it |
|---|---|---|---|
Supplies & materials | $16 | $476K | Direct consumables — parts for repair shops, chemicals for laundries, etc. |
Wages & benefits | $38 | $1.1M | Payroll for all employees at the business (owner comp not included for small owner-operators). |
Rent & facilities | $11 | $317K | Rent or mortgage on business location plus utilities tied to the space. |
Marketing & advertising | $5 | $159K | Google/Meta ads, SEO, print, referral fees, event sponsorships. |
Other operating costs | $22 | $635K | Insurance, licensing, tools, uniforms, small equipment. |
Net profit | $8 | $235K | What remains for the owner or shareholders after all business expenses. |
Directionally accurate for a typical business in the industry. Individual businesses vary widely — a franchise may run a very different cost mix from an independent, and older established businesses often have lower labor share than newer ones.
Average Revenue by Business Size
Industry Dynamics (Census BDS 2023)
New Business Rate
8.31%
openings/year
Closure Rate
10.84%
closings/year
Net Job Growth
-1.31%
annual
Businesses Closed
889
in 2023
Firm Count Trend
Should You Start a Other Electronic and Precision Equipment Repair and Maintenance Business?
Startup Cost
$30K – $150K
Break-Even
5 months
5-Year Survival Rate
50.0%
Related Industries
Frequently Asked Questions
- What does a other electronic and precision equipment repair and maintenance business do?
- Repair of precision equipment — medical devices, industrial electronics, cameras, professional audio-visual gear. Hospitals, industrial companies, professional users.
- How much do other electronic and precision equipment repair and maintenance charge?
- Precision electronic equipment repair (medical devices, industrial electronics, cameras) — high-margin per hour. See the pricing table above for typical rates by service type.
- How much does the average other electronic and precision equipment repair and maintenance make per year?
- The average other electronic and precision equipment repair and maintenance business generates $2.9M in annual revenue, based on U.S. Census Bureau data (SUSB 2021). After expenses, the estimated owner profit is $235K per year at a 8.0% profit margin.
- How many other electronic and precision equipment repair and maintenance businesses are there in the US?
- There are 2,663 other electronic and precision equipment repair and maintenance businesses operating in the United States, employing a total of 36,602 workers.
- How much does it cost to start a other electronic and precision equipment repair and maintenance business?
- Startup costs for a other electronic and precision equipment repair and maintenance business typically range from $30K to $150K, with a 5-year survival rate of 50.0%.
Industry Growth & Survival
The other electronic and precision equipment repair and maintenance industry is relatively stable — with a net job growth rate of -1.3%. Entry and exit rates are balanced at 8.3% and 10.8% respectively.
Approximately 56% of other electronic and precision equipment repair and maintenance businesses survive their first 5 years. This is near the national average (~50%), with typical business risk. In 2023, 889 firms in this industry closed permanently.
Industry Trend (2000–2023)
The other electronic and precision equipment repair and maintenance industry has declined 28% since 2000 (from 12,424 to 8,916 firms).
See full historical statistics →Compare Other Electronic and Precision Equipment Repair and Maintenance revenue with other industries: