Tobacco Stores in Michigan
Revenue benchmarks for tobacco stores businesses operating in Michigan.
#40 of 50 states-20.1% vs national avg
Average Revenue
$602K
per year
Businesses
597
in Michigan
Revenue / Employee
$154K
per year
Labor Cost
14.0%
of revenue
Profit Margin
4.0%
industry average
Market Saturation
5.9
firms per 100K in MI
Total Revenue
$359.5M
all firms in MI
Total Employees
2,330
in MI
How Michigan Compares
National Average$754K
Michigan$602K
Difference$152K (-20.1%)