Industry Profile Links
| Accounting Services | Fitness Gym |
| Automobile repair | Florists |
| Automotive Repair Shops | Food Retail Health (i.e., Health Food Retailers) |
| Beer/Wine Bar | General Contractors - Nonresidential Buildings; Other than Industrial Buildings and Warehouses |
| Boat Dealers | Gyms |
| Book Store | Hair Salons |
| Bookkeeping | Health Foods and Vitamin Stores |
| Carpet and Upholstery Cleaning | Ice Cream Parlors |
| Child Day Care Services | Liquor Stores |
| Coin Laundry | Marinas |
| Commercial Lawn Care | Physical Fitness Facilities |
| Contractor - Single Family Residential | Printing Business |
| Convenience Store-Gas | Restaurant Industry |
| Convenience store | Signs and Advertising Specialties |
| CPA Practice | Travel Agency |
| CPA Firms | Video Rental Stores |
| Dental Practices | Window Shade Shop, Window Treatment Stores |
Industry SIC Code : 8721A
SIC Code Description:
Basic Industry Statistics:
Size
5 major firms, multitude of smaller firms
Historical Performance: Growth21% in 1998, 14% in 1997 (revenues) Revenues$25.5 billion in 1998.
Projected Future Performance: Strong
continued growth
Industry Associations and Organizations:
Industry Publications:
Industry Valuation Publication:
WWW or other sources of Industry Economic Data:
List of Major Companies in Industry with WWW sites:
Other WWW sites of interest relative to this Industry:
Florida Sources of Industry Data (data relative to FL companies)
Industry: Automobile repair
SIC code: 7538 (include pay parking facilities)
Industry size: In 1973 gross revenue was $73.3B. John Van Horne of Parking Lot News estimated parking revenue at about$20B (seems a little high to me)
Historical data: 1992-$51.1B 1992-$54.3B 1994-$59.3B 1995-$63.6B 1996-$68.3B
Projections: Found no data for auto repair industry; S&P Industry Surveys of March 5, 1998 stated that aftermarket parts industry had a "rosy outlook" after several years of "poor conditions."
Industry Associations:
Most organizations seem to focus on the wrenching side of the industry as opposed to the business aspects. The following two have a stated interest in finance and legislation.
Trade publications:
Like trade organizations, most publications
focus on the technical side of the business.
WWW sources of financial data
Major companies w/ web sites:
Found lots of manufacturers with sites, but very few service firms. www.tuffy.com
Industry: Automotive Repair Shops
Industry SIC Code: 753
SIC Description:
Basic Industry Statistics: Not available
Industry Associations & Organizations:
Industry Publications:
Industry Valuation Publication:
http://www.swiftsite.com/smartmove/
This site does not offer economic information but they sale book titled "The Auto Shop Owners
Battle Guide to Doubling Profits" which discusses how to succeed as an
auto repair shop owner. It discusses financial information, economic ratios,
marketing, hiring good employees, pricing strategies and more.
WWW or other Sources of Industry Economic Data:
Total Quality Consulting http//www.tqc.net/
This company specializes in business and financial management consulting for independent
automotive repair shops and service facilities. Again, it does not offer
financial information but other useful information for a fee. There is
a free analysis of your business which obviously leads to a consulting
fee for the Total Quality Consulting. The company may provide comparative
data if asked or for a small fee.
Country Market Information from US Dept. of Commerce
http://www.doc.gov/CommerceHomePage.html
Statistical Data from Census Bureau
List of Major Companies in Industry with WWW sites:
Other WWW sites of interest relative to this industry:
There were no industry financial data or ratios available on any of the web sites listed, however, an abundant of information is available through hard copy publications, via membership to the organizations and through how to books offered for sale.
Automotive Associations:
Information Sources:
Florida Sources of Industry Data:
Information obtained from Milestone 97, Part I Florida's Economy, produced by Enterprise Florida
Industry Name: Beer/Wine Bar
Industry SIC Code: 5813
SIC Code Description: Drinking Places
Basic Industry Statistics:
Industry Associations and Organizations:
Industry Valuation:
Lots of information
at www.restaurant.org
but no specific valuation data.
WWW or Other Sources Of Industry Data:
List of Major Companies In Industry:
Other WWW Sites of Interest:
Florida Sources of Industry Data:
Industry: Boat Dealers
Industry SIC Code: 5551
SIC Code Description:
Establishments primarily engaged in the retail sale of new and used motor boats and other water craft, marine supplies, and outboard motors.
Basic Industry Statistics:
Encyclopedia
of American Industries
There are 184,000 employees involved in the boat retailing.
Historical Performance (growth,
profits, etc...):
There was a deep recession within the boat dealer industry from the years 1988 to 1992.
Sales dropped from $18 billion in 1988 to $10.3 billion in 1992. The industry
came back as strong as ever during the mid-1990's. This was due to a strong
economy, low interest rates, and the repeal of the luxury tax in 1993.
Retail Expenditures rose to $17.7 billion in 1996. Although dollar sales
rose 3% in 1996, unit sales actually dropped 5% to 618,850 boats.
Projected Future Performance:
The
industry's success and the level of sales is always determined by the weather.
Therefore, it is difficult to predict how well the industry will do in
the future.
Industry Associations & Organizations:
Industry Publications:
Industry Valuation Publication:
WWW or other sources of Industry Economic Data:
List of Major Companies in Industry with WWW sites if available:
West Marine, Inc. Watsonville, CA www.westmarine.com
Other WWW sites of interest relative to this industry:
Florida Sources of Industry Data:
Industry: Bookkeeping
Industry SIC Code: 8721 Accounting, Auditing & Bookkeeping Services
SIC Code Description:
Basic Industry Statistics:
According to the U.S. Industrial Outlook of 1994, the accounting, auditing and bookkeeping industry had projected annual receipts of $38.8 billion and approximately 513,000 employees in 1993. Approximately 2,400 accounting and bookkeeping general service practitioners are listed in the Florida Business Directory, American Business Directories, 5711 South 86th Circle, P.O. Box 27347, Omaha, NE 68127.
Historical Performance:
Revenue
has been growing at a rate of approximately 3.4% - 5.6% per year from 1990 to 1994 according to the U.S.
Industrial Outlook of 1994.
Projected Future Performance:
It
is expected that due to computerized bookkeeping software packages the demand for bookkeeping
services will tend to decrease in the future. This is according to information
obtained from the following sources http://stats.bls.gov/oco/ocos144.htm
and Encyclopedia of American Industries, Gale Research, Inc., An International
Thomson Publishing Company.
Industry Associations & Organizations:
Associations and organizations geared exclusively to the bookkeeping industry were not found.
However, several of the accounting associations and organizations allow
bookkeeping and accounting related practitioners to
join.http//www.acatcredentials.org/
(Accreditation Council for Accountancy and Taxation. Participants include
accounting and tax practitioners, enrolled agents, CPAs, students and others
interested in attaining accreditation in accounting or taxation.)
Industry Publications:
ACPA Directory, ACPA Worldwide Brochure,
Perspective, Accounting Horizons, Accounting Review, Tax Professional's
Update
Industry Valuation Publications:None found.
WWW or other sources of Economic
Data:None found
List of Major Companies in Industry
with WWW sites if Available:
Within this SIC code most of the major companies of the industry are International and National CPA Firms. Bookkeeping firms tend to be smaller, local firms, which provide bookkeeping in addition to other tax and accounting services.
Other WWW sites of interest relative to the Industry:
Florida Sources of Industry Data:
Industry: Book Store
Industry SIC Code: 5942
SIC Description: Retailers of Book Stores; North American Industry Classification System (NAICS) 451211
Basic Industry Statistics:
Size:
In 1993, there were more than 11,000 bookstores in the U.S., an increase
of 12% over 1982, with sales rising 60% over the same period. Employment
increased by 25% to more than 72,000. Chain stores accounted for about
40% of the $9 billion retail book sales market in 1992. The rest of the
market is shared by 10,000 independent bookstores, with only 18 having
annual sales of $25 million or more. The largest bookseller, Barnes &
Noble, operated 1,000 stores in 1996 with over $2.4 billion in sales. The
second largest bookstore is Borders Group, which operates more than 1,100
stores across the country under the names Waldenbooks, Borders and Planet
Music generating $2.0 billion in sales in 1997.
Historical Performance:
Retail
sales in August 1998 for all bookstores was $1.35 billion, a 4.9% increase
over 1997. Estimated retail bookstore sales for August YTD equals $8.1
billion, a 2.4% increase over 1997, versus a 5.5% increase over last year
for all retail sales. Sales of the four largest bookstore
chains increased an average 10.7% in the second fiscal quarter of 1998 as follows Borders had the largest
increase at 17.1%, Barnes & Noble sales grew 9.3%, Books-A-Million
sales increased 8.5%, Crown Books' sales dropped 17.8% on a relatively
small sales base.
NOTES:
(a) The chain sales growth would
have been greater excluding declines experienced by Crown Books, which filed for bankruptcy in
July 1998.
(b) These nationwide figures do not reflect the impact of the
four largest chains at the regional, state, or local levels, where the
effects may be more dramatic than is visible on an overall basis. Sales for bookstores other than the
largest four chains dropped 1.5% in second quarter 1998. The dollar sales of independent bookstores
dropped 9.4% in volume for all non-chain bookstores between 1996 and 1997, with losses higher
in college and religious bookstores. The number of bookstores closed due
to business failures is increasing, from 132 in 1995 to 151 in 1996. This trend shows that the professional
independent booksellers are facing greater challenges and more difficult
times - The four largest chains' sales increased from $3.6 billion in 1994
to $5.7 billion in 1997 or a 57% increase, while all other bookstores had
sales of $7.0 billion in 1994 to $6.9 billion in 1997 or a 2.3% decrease.
Retailing data on Adult Book Sales by
Outlet reveal that 26% are sold in chain bookstores, 20% are sold by independent bookstores, and 18% by
book clubs. In comparison, overall book sales are distributed with 26.2%
in bookstore chains, 22.8% via mail order and 19.5% by independent bookstores.
The components of consumer book spending
show 59% of sales are hardbound and 41% are paperbound, with the percentages not
expected to change between 1996 and 1998.
Projected Future Performance:
Domestic consumer expenditures on all
books are expected to increase to $32.8 billion by the year 2002, up from $21.2 billion in 1992. Projections
for 1998 are $27.5 billion with 1999 estimates at $28.8 billion, showing
steady growth over the next few years. Online book selling is considered the
key industry issue for 1998 per the Publishing Industry Overview presented by the Association of American
Publishers (AAP). Projected online shopping revenues are expected to more
than double from 1997 to 1998, with sales expected to reach a minimum of
$500 million this year. New research showing that reading stimulates
the growth of the baby's brain and daily reading recommendations made by the American
Academy of Pediatrics is expected to encourage more adults to read their
children. This translates into a projected increase in juvenile trade sales.
Popular fiction and general non-fiction
books are expected to continue to decline while the purchase of religious books increases.
Independent or small chain stores will
continue to decline in market share, while book clubs and online shopping markets increase.
Industry Associations & Organizations:
Industry Publications:
Industry Valuation Publication:
WWW or other sources of Industry Economic Data:
List of Major Companies in Industry with WWW sites if available:
Other WWW sites of Interest Relative to this Industry:
Florida Sources of Industry Data:
Southeast Booksellers Association, http://www.bookwire.com/rbag/sba.html
Additional Data Florida WWW Sites:
Industry: Carpet and Upholstery Cleaning
Industry SIC Code: 7217
SIC Code Description:
Basic Industry Statistics:
Size:
7,693 establishments in operation in 1992.
Historical Performance:
In 1996,
revenue about 2.4 billion. From 1987 to 1996, the annual growth rate of revenue was
11%.
Projected Future Performance: N/A
Industry Associations & Organizations:
Industry Publications:
Industry Valuation Publication:
N/A
WWW or other sources of industry
Economic Data:
Census of Service Industries. (1992) Bureau of the Census.
Major companies in Industry:
Stanley Steemer International http://www.stanley-steemer.com
Other WWW Sites of interest relative
to this industry:
http://www.cleanfax.com
On line magazine for carpet cleaning professional, it also includes buyer's
guide that offers the purchasing directory in the industry.
Florida Sources of Industry Data:
Industry: Child Day Care Services
Industry SIC Code: 8351
SIC Code Description:
This industry is primarily engaged in the care of infants or children, or in providing pre-kindergarten education. These establishments may also care for older children when they are not in school.
Basic Industry Statistics:
The
child day care service industry has become one of the fastest-growing businesses in the United States.
It draws more than $11 billion annually. The demand for these services
reflects the enormous increase in the number of children with mothers who
work. Forecasts indicate that women will account for 62 percent of the
growth in the labor force through the year 2005 thus showing a long going
need for child day care services. The total dollar size of the day care
market is also open to debate, but there are estimates falling in the $15
billion to $30 billion range.
Historical Performance:
Between
1988 and 1991, the amount of preschoolers who attended organized child care facilities declined from
26 to 23 percent. On the other hand from 1991 to 1995 U.S. day care revenues
steadily increased from $7 billion in 1991 to $11 billion in 1995. In addition
the industry has after tax margins of 5 %. Although the industry s profit
margin average is only 5%, the profit margin potential is actually much
higher for large organizations. A large player can have a cost advantage
and economy of scale. For example, the largest corporate owned chain Kinder care
reported a 15% EBITDA margin.
Projected Future Performance:
The
commercial child care industry is currently generating revenues of more than $15 billion and it is projected
to explode into a $50 billion industry during the next decade. In the 1970
s and 1980 s the amount of day care centers increased dramatically. The
rise in the amount of women working outside of the home explains much of
the increase. In 1987. 67% of women in the United States were in the workforce
compared with 39% in 1970. Even more of an explanation for this increase
is the rise in the number of single-parent families headed by divorced,
separated, or never married women--11.4 million in 1994 versus 3.8 million
in 1970. During the 1990 s day care is expected to be the eighth -fastest
growing business in the country.
Other Relevant Statistics about the
Industry:
Industry Associations & Organizations:
WWW or other sources of Industry Economic Data:
List of Major companies in Industry with WWW sites if available:
Other WWW sites of interest relative to this Industry:
Florida Sources of Industry Data (data relative to Fl companies):
Industry Analysis using Porter s five forces:
Industry: Coin Laundry
Industry SIC Code: 7215
SIC Code Description:
Coin-operated
laundries and cleaning
Basic Industry Statistics:
Highly
fragmented industry that is primarily bifurcated between the multi-housing sector and the Laundromat
sector. Industry sales are fairly evenly divided between these two sectors.
A few large companies are now moving to consolidate the industry. Stores
typically occupy between 1,000 and 4,000 square feet of space. Customer
base primarily consists of people living in rental housing.
Industry Size: Approximately $7 billion in sales annually.
Historical Industry Performance:
Coin laundry stores have grown steadily over the past 40
years as population has increased and
shifted concentrated areas. The industry has become mature and stable with
predictable rates of return.
Projected Industry Performance:
The
industry is expected to exhibit moderate growth, with somewhat more growth in expanding metropolitan
areas that have high concentration of rental housing. This industry is
expected to continue thriving in periods of both growth and recession.
The market size grows in proportion to the population.
Industry Associations/Organizations:
Industry Publications:
Industry Valuation Publications:
Coin Laundries--Road to Financial Independence
A Complete Guide to Starting and Operating Profitable Self-Service Laundries. Emerson
G. Higdon. Mountain Publishing Co. 1990. Covers location, equipment selection,
costs, accounting, financing, security, marketing, and other topics. Information
is provided on the evaluation of existing coin-operated laundries.
Major Companies in Industry:
The coin laundry business is very fragmented and there are few major companies in the industry.
Other Relevant WWW sites:
Florida Specific Information:
Industry: Commercial Lawn Care
Industry SIC Code: 0782, 0783
Industry SIC Code Description:
Basic Industry Statistics:
Size
Historical Performance:
Projected Future Performance:
Anticipated Sales growth for 1998 24.1%
Industry Associations & Organizations:
Note: A complete list of National
& State Industry Associations including address and phone numbers may
be found at www.igin.com/indassoc.html
Industry Publications:
Industry Valuation Publication: None available
Sources of Industry Economic Data:
Major Companies in the Industry:
Ranked by 1997 Revenues in billion$
Web sites relative to this industry:
Florida Sources of Industry Data:
Industry Name: Contractor - Single Family Residential
Industry SIC Code: 1521
SIC Code Description:
General
Contractors - Single - Family Houses
Basic Industry Statistics:
( Size,
History, Future Performance)
Industry Associations & Organizations:
Industry Publications:
Industry Valuation Publication:
WWW or other sources of Industry Economic Data:
List of Major Companies in Industry with WWW sites if available:
Extensive listing of residential contractors
in addition to some publications www.constr.com - Handy index of contractors, builders,
architects, engineers, equipment, materials, supplies, related services
and information.
www.building.org/texis/db/bix/+xoWedXKrwrmwxetTMw/community.html
Other WWW sites of interest relative
to this industry:
Florida Sources of Industry Data:
Industry: Convenience store
Industry SIC code: 5411 http://www.ptxecrc.com/edisic
SIC Code Description:
Basic Industry Statistics:
www.cstorecentral.com
As of 1997 there were 95,700 stores nationwide There was a 1.6% growth rate
for 1997, do to new stores opening, and a slowing of old stores closing.
Profits in this same period were up 2.6%, a large increase considering
there was a 23.3% in 1996. Industry pretax profits in 1997 were 1.6% of
total sales
Top ten product categories
1. Cigarettes 27.6%
2. Beer 14
3. Package beverage 13.6
4. Food service 12
5. Candy 4.7
6. General Merchandise 3.9
7. Salty Snakes 3.8
8. Fluid Milk Products 3.4
9. Publications 2.6
10. Edible Grocery 2.1
Future Growth is going to stay below 5% percent, do to the fact that a lot of older, smaller store are going to be closing, because they cannot compete against the larger more efficient ones. Plus mergers & acquisitions of stores are increasing do to economies of scale. A new trend in a one-stop shop is emerging and convenience stores will now compete against super markets.
Industry Associations and Publications:
Industry Publications:
Industry Valuation Publication:
Major Companies:
Other Sites: N/A
Florida Sources:
The following site offer reports, case
studies, technology discussions, and other resources specific to the retailing
community.
Industry: Convenience Store-Gas
Industry SIC Codes: 5411, 5541
SIC Code Description:
(Source Standard Industrial Classification Manual, 1997 pp. 319, 322)
Basic Industry Statistics:
Historical Performance:
Total
number of stores was up 1.1 percent in 1996 to 94.2 thousand compared to 1995 total stores of 93.2 thousand.
In merchandising sales recorded their fifth consecutive increase, rising
1.4 percent over 1995 to $70.7 billion. Gasoline sales saw their tenth
consecutive increase, climbing 9.1 percent to $81.2 billion. These compare
to a merchandise sales increase of 8.2 percent in 1995 and a gasoline sales
increase of 9.7 percent. The convenience store industry posted
its third highest profit performance in 1996, behind 1994 and 1995's record
profitability. Reduced gasoline margins, higher direct store operating
expenses and slower merchandise sales growth, however, combined to drop
industry profits by 23.3 percent over 1995. The industry's pretax profits
for 1996 were 1.6 percent of total sales, or $2.43 billion.
Projected Future Performance:
As
mentioned previously 1996 saw and increase in the industry's store count. This marks the first time in
this decade that store openings exceeded store closings. In 1996 the industry's
store count reached 94,200 a 1.1 percent increase over 1995. New store
openings have now increased every year since 1993 and is expected to continue
for 1997. More specifically for Florida total store count in 1995 was 6,547
the number of new stores is projected to increase 323 or 5.2 percent to
a total of 6,547 by the year 2000. For 1996, the top performer's merchandising
capabilities again emerged as a defining operational attribute. Top performers
(top 25 percent) averaged $942,000 in annual merchandising sales versus
$751,000 for the industry average, and $444,500 for the lowest quartile
performers (bottom 25 percent). This ability to leverage merchandise sales
was also reflected in weekly merchandise sales per square foot. Top performers
were reported at $6.54 per square foot; lowest quartile performers reported
$3.60.This difference between top and bottom
performers is also seen in the projection of sales for 1997, as seen below
Mountain and Pacific states reported most aggressive growth. Again South Atlantic region fared the worst followed by New England. (Source State of the Industry 1997 by The National Association of Convenience Stores)
Industry Associations & Organizations: