Book Stores — Business Survival Rate
An estimated 69% of book stores businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 7.3%.
Is Book Stores a Good Business to Start?
With a 69% five-year survival rate, book stores has an above-average survival rate compared to the national average of roughly 50%. This makes it a relatively safe industry to enter — businesses here tend to find stable demand and sustainable economics.
The annual exit rate of 7.3% is lower than many sectors, suggesting that once established, these businesses have staying power. That said, lower failure rates often correlate with higher barriers to entry or established competition.
Entry vs. Exit Rates
Annual rate of new businesses opening versus existing businesses closing.
Net negative: more businesses closing than opening (-0.7 pp spread).
Job Creation & Destruction
The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 52,904 workers across 3,004 firms.
Want to know how much book stores businesses actually make?
See full revenue benchmarks for Book Stores →Frequently Asked Questions
- What percentage of book stores businesses fail?
- Approximately 31% of book stores businesses fail within their first 5 years. The annual closure rate is 7.3%, with 262 firms closing permanently in 2023.
- Is the book stores industry growing or shrinking?
- The book stores industry is currently growing with a net job creation rate of +3.1% per year. New businesses are entering at 6.5% while 7.3% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.