Parking Lots and Garages Revenue Benchmarks
How much does the average parking lots and garages business make? Here are revenue benchmarks based on Census Bureau data.
Average Revenue
$2.9M
per year
Profit Margin
8.0%
industry average
Revenue / Employee
$78K
per year
Total Businesses
2,670
in the US
Est. Owner Income
$232K
small business avg
Labor Cost
38.0%
of revenue
Avg Employee Wage
$35K
per year (BLS)
Market Saturation
0.8
firms per 100K people
💰 Average Revenue by Business Size
1-4 employees
$219K
5-9 employees
$536K
10-19 employees
$1.1M
20-99 employees
$2.9M
100-499 employees
$13.3M
500+ employees
$127.5M
📊 Industry Dynamics (Census BDS 2023)
New Business Rate
18.14%
openings/year
Closure Rate
10.9%
closings/year
Net Job Growth
+9.73%
annual
Businesses Closed
4,596
in 2023
Firm Count Trend
19
20
21
22
23
34,179 firms43,241 firms
💡 Should You Start a Parking Lots and Garages Business?
Startup Cost
$30K – $150K
Break-Even
5 months
5-Year Survival Rate
50.0%
🆚 Related Industries
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