Furniture Stores — Business Survival Rate
An estimated 69% of furniture stores businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 7.1%.
Is Furniture Stores a Good Business to Start?
With a 69% five-year survival rate, furniture 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 7.1% 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 (-1.0 pp spread).
Job Creation & Destruction
The industry is losing jobs faster than creating them — which may indicate automation, consolidation, or declining demand. Total employment: 194,509 workers across 11,433 firms.
Want to know how much furniture stores businesses actually make?
See full revenue benchmarks for Furniture Stores →Frequently Asked Questions
- What percentage of furniture stores businesses fail?
- Approximately 31% of furniture stores businesses fail within their first 5 years. The annual closure rate is 7.1%, with 1,064 firms closing permanently in 2023.
- Is the furniture stores industry growing or shrinking?
- The furniture stores industry is currently stable with a net job creation rate of -1.2% per year. New businesses are entering at 6.1% while 7.1% close annually.
Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.