Tobacco and Tobacco Product Merchant Wholesalers Revenue Benchmarks

How much does the average tobacco and tobacco product merchant wholesalers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$22.3M

per year

💰

Profit Margin

4.0%

industry average

📈

Revenue / Employee

$521K

per year

👤

Total Businesses

1,343

in the US

🏢

Est. Owner Income

$893K

small business avg

💵

Labor Cost

12.0%

of revenue

👥

Avg Employee Wage

$77K

per year (BLS)

💼

Market Saturation

0.4

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$918K
5-9 employees
$2.5M
10-19 employees
$5.6M
20-99 employees
$15.8M
100-499 employees
$71.4M
500+ employees
$1.0B

🏆 Highest Revenue States

1.Iowa$82.1M avg2.North Carolina$61.9M avg3.New Hampshire$53.7M avg4.Utah$44.3M avg5.Alabama$41.0M avg6.Nebraska$36.0M avg7.Kentucky$34.8M avg8.Oregon$30.0M avg9.Georgia$30.0M avg10.Texas$29.1M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

8.19%

openings/year

Closure Rate

8%

closings/year

Net Job Growth

+0.76%

annual

Businesses Closed

1,601

in 2023

Firm Count Trend

19
20
21
22
23
18,937 firms18,688 firms

💡 Should You Start a Tobacco and Tobacco Product Merchant Wholesalers Business?

Startup Cost

$50K – $250K

Break-Even

2 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Wholesale Trade Agents and Brokers$3.9MIndustrial Machinery and Equipment Merchant Wholesalers$12.2MOther Grocery and Related Products Merchant Wholesalers$14.3MOther Miscellaneous Nondurable Goods Merchant Wholesalers$3.7MOther Miscellaneous Durable Goods Merchant Wholesalers$5.5M

Compare Tobacco and Tobacco Product Merchant Wholesalers revenue with other industries:

vs Wholesalevs Industrialvs Other