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Average Retail Store Owner Salary

$48,528
Avg. SalaryShow Hourly Rate
$7,000
Bonus
$5,000
Profit Sharing
What am I worth?
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The average salary for a Retail Store Owner is $48,528.
10%
$24k
MEDIAN
$49k
90%
$136k
Is Retail Store Owner your job title? Find out what you should be paid
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Salary
$24k - $136k
Bonus
$1k - $35k
Profit Sharing
$2 - $17k
Total Pay
$28k - $150k
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What Do Retail Store Owners Do?

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.

Job Satisfaction for Retail Store Owner

4.3 out of 5
(6)
Highly Satisfied
1Review

Career Paths

Explore the most common career paths for Retail Store Owner. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Retail Store Owner
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Retail Store Owner Job Listings

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What Are Popular Skills for Retail Store Owners?

Skills that pay less than market rate include Sales, Inventory Management, Strategic Marketing, Customer Service and Operations Management.

What is the Pay by Experience Level for Retail Store Owners?

An early career Retail Store Owner with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $45,000 based on 27 salaries. A mid-career Retail Store Owner with 5-9 years of experience earns an average total compensation of $49,717 based on 7 salaries. An experienced Retail Store Owner with 10-19 years of experience earns an average total compensation of $64,496 based on 27 salaries. In their late career (20 years and higher), employees earn an average total compensation of $51,415.

Years of Experience

This data is based on 77 survey responses.
Early Career
35.1%
Mid Career
9.1%
Experienced
35.1%
Late Career
20.8%