Store Owner / Operator Salary
The average pay for a Store Owner / Operator is $58,958 per year. Pay for this job rises steadily for more experienced workers, but goes down significantly for the few employees with more than 20 years' experience.
|Salary||$18,246 - $172,607|
|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).)
|$17,844 - $163,406|
|Total Pay (||$17,844 - $163,406|
Job Description for Store Owner / Operator
Store owners/operators work in a retail environment to oversee a store's daily operations, be it independently-owned or a franchise. In smaller stores, owners/operators may stock shelves, arrange merchandise, receive items, and operate the cash register, as well as hire and train other employees, administer payroll, and conduct employee evaluations.Read More...
Store owners/operators often interact with customers, so strong customer service skills are essential, and the store's proceeds go to the owner after subtracting taxes, rent, operating fees, franchise fees, and employee costs. Throughout much of the day, owners/operators may stand, walk, and lift heavy items, so it's important to be in good physical health, and marketing skills may also be necessary to create promotions, advertisements, and other enticing marketing programs to increase sales.
Inventory skills are important in this position to ensure that items are accounted for and decide which items should be re-ordered and which are selling well. Clerical skills are beneficial for filing paperwork such as reports and taxes, and multitasking skills are also important for handing numerous tasks at once.
Store Owner / Operator Tasks
- 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.
- Hire, train, and supervise store employee team.
Pay by Experience Level for Store Owner / Operator
Pay by Experience for a Store Owner / Operator has a positive trend. An entry-level Store Owner / Operator with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 11 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Store Owner / Operator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $65,000 based on 9 salaries. An experienced Store Owner / Operator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $85,000 based on 9 salaries. A Store Owner / Operator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $62,000 based on 6 salaries.
Key Stats for Store Owner / Operator
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