What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Retail Store Owner Salary

A Retail Store Owner earns an average salary of $51,613 per year.

$20,035 - $167,832
(Median)
$20K
$52K
$170K
MEDIAN: $51,612
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$80K$160K$240K
Salary
$20,035 - $167,832  
   
Bonus
$0.00 - $26,014  
Profit Sharing
$9,826 - $120,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$19,727 - $210,578  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 75

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Retail Store Owner

Retail store owners usually fall into one of two categories. Either they are a franchisee or an independent store owner. The freedom allowed between the two varies vastly. As a franchisee, owners pay a substantial amount of money to a parent company in exchange for opening and operating a retail location. Franchisees have little decision-making power when it comes to inventory, items for sale, advertising, sales, and general operations. Independent retail store owners open on their own, and they have total control over their store and its concept. This freedom has a trade-off, however. Independent retail is more risky than franchises, because as a franchisee you are working with an already established, well-known brand.

Read More...

Retail Store Owner Tasks

  • Hire, train, and supervise store employee team.
  • Ensure compliance with licensing, taxation, and insurance regulations and completion of required paperwork.
  • Develop and execute store’s business and marketing plans and manage store finances.
  • Oversee acquisition of store merchandise, communication with suppliers, and design displays.

Common Career Paths for Retail Store Owner


Add this chart to your site:   640px 640px    300px 300px

Store Owner / Operator Job Listings

Search for more jobs:

Related Job Salaries

United States (change)

Experience Affects Retail Store Owner Salaries

Late-Career
up arrow 3%

National Average
$53,000

Experienced
up arrow 3%

Entry-Level
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
4%
1-4 years
29%
5-9 years
19%
10-19 years
25%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 43% dental benefits Dental: 16%
vision benefits Vision: 13% employee benefits None: 57%
ADVERTISEMENT