Cost of Doing Business Study
Do you know how your business stacks up? NHPA is now collecting information for the 2022 Cost of Doing Business Study, and participating this year can help you get your financial questions answered.
This annual study provides detailed financial information from hardware stores, home centers, lumber/building material outlets and paint stores in the U.S. Retailers can use this resource to compare their operations to average and high-profit operations in the industry to assess their businesses’ performance and plan for the future.
Participation is free and easy! When you participate, you’ll receive access to the complete study (valued at $499).
Submissions for the 2022 study are now open!
Deadline is in
4 Ways to Participate
Email
dgowan@yournhpa.org
Mail
NHPA, Attn: Dave Gowan
1025 East 54th Street
Indianapolis, IN 46220
02.
Email your company information and attach your 2021 year-end financial statements.
03.
Complete the downloadable survey and email or mail it to NHPA.
04.
Fill out your company information, attach a copy of your 2021 year-end financial statements and mail to NHPA.
Learn More About the Cost of Doing Business Study!
Each year, 1,000+ retailers use the Cost of Doing Business Study to improve their businesses.
This annual study provides detailed financial information from hardware stores, home centers, lumber/building material outlets and paint stores in the U.S. Retailers can use this resource to compare their operations to average and high-profit operations in the industry. It can also be used as a tool to determine ways to increase profits. Participation is free and easy!
Interactive Calculators
Complete the income statement and balance sheet with your own company’s numbers. This interactive form will automatically calculate the necessary percentages and ratios for comparative purposes.
Compare your performance to a
Hardware Store
Compare your performance to a
Home Center
Compare your performance to a
Lumberyard
Compare your performance to a
Paint Store
Additional Resources
NHPA has created a library of resources to help retailers better understand and use the metrics presented throughout the Cost of Doing Business Study. These resources include case studies from other retailers who have improved specific metrics, as well as videos retailers can share with their employees to train them to better understand the financial side of the business.
Average Transaction Size
Payroll
