Shoe Stores Revenue Benchmarks

How much does the average shoe stores business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$6.8M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$146K

per year

👤

Total Businesses

4,333

in the US

🏢

Est. Owner Income

$272K

small business avg

💵

Labor Cost

14.0%

of revenue

👥

Avg Employee Wage

N/A

per year (BLS)

💼

Market Saturation

1.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$466K
5-9 employees
$1.3M
10-19 employees
$2.8M
20-99 employees
$8.1M
100-499 employees
$25.5M
500+ employees
$467.6M

🏆 Highest Revenue States

1.Texas$8.2M avg2.California$7.9M avg3.Maryland$7.6M avg4.Nevada$7.5M avg5.Florida$6.7M avg6.Massachusetts$6.5M avg7.Virginia$6.0M avg8.Tennessee$5.8M avg9.Georgia$5.6M avg10.Illinois$5.6M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.73%

openings/year

Closure Rate

7.45%

closings/year

Net Job Growth

+0.14%

annual

Businesses Closed

301

in 2023

Firm Count Trend

19
20
21
22
23
4,377 firms3,854 firms

💡 Should You Start a Shoe Stores Business?

Startup Cost

$75K – $400K

Break-Even

10 months

5-Year Survival Rate

48.0%

🆚 Related Industries

Gasoline Stations with Convenience Stores$6.0MElectronic Shopping and Mail-Order Houses$5.8MSupermarkets and Other Grocery (except Convenience) Stores$16.2MConvenience Stores$879KBeer, Wine, and Liquor Stores$1.1M

Compare Shoe Stores revenue with other industries:

vs Gasolinevs Electronicvs Supermarkets