$49,939
Avg. Salary
$14.44
Avg. Hourly Rate

Average additional compensation:

$7,500

Bonus

$16,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Retail Store Owner is $14.44 per hour.

The average pay for a Retail Store Owner is $49,939 per year.

$9.07
10%
$14.44
50%
$24.83
90%
MEDIAN $14.44
$24k
10%
$50k
50%
$148k
90%
MEDIAN $49,939
$23,521 - $147,748
$24K
$50K
$150K
MEDIAN: $49,939
10%
50%
90%

Add this chart to your site: 640px    300px

$9.07 - $24.83
$9
$14
$25
MEDIAN: $14.44
10%
50%
90%

Add this chart to your site: 640px    300px

$0$147K
Salary $23,521 - $147,748
Bonus $1,014 - $10,365
Profit Sharing $16,500
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).
)
$23,810 - $147,748
  • Country: United States
  • Currency: USD
  • Updated: 14 Dec 2018
  • Individuals Reporting: 87
Hourly Data $0$24
Hourly Rate $9.07 - $24.83
Overtime $15.50
Annual Data $0$147K
Bonus $1,014 - $10,365
Profit Sharing $16,500
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).
)
$23,810 - $147,748
  • Country: United States
  • Currency: USD
  • Updated: 14 Dec 2018
  • Individuals Reporting: 10

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

  • 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.

Common Career Paths for Retail Store Owner


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

Retail Store Owner Job Listings

Pay by Experience Level for Retail Store Owner

Pay by Experience for a Retail Store Owner has a positive trend. An entry-level Retail Store Owner with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 22 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Retail Store Owner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 16 salaries. An experienced Retail Store Owner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 21 salaries. A Retail Store Owner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 15 salaries.

Related Job Salaries

Key Stats for Retail Store Owner

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
Less than 1 year
2%
1-4 years
30%
5-9 years
14%
10-19 years
31%
20 years or more
23%

Experience Affects Retail Store Owner Salaries

Late-Career
▲63%

Experienced
▲53%

National Average
$49,000

Mid-Career
▼7%

Entry-Level
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
14%
10-19 years
31%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 31%
dental benefits
Dental: 16%
vision benefits
Vision: 14%
no benefits
None: 69%