According to SCORE, small retailers (50 or fewer employees) make up 98.6% of all retail firms. The average monthly revenue of small retailers, which varies by industry, is impressive. For example, those selling electronics average $26.4K per month, jewelers $30K per month, and those selling beer, wine, and spirits $39K per month. Small and medium-sized retailers have an average gross margin of 51%.
New blog post today! QBI Deduction and Tax Savings