HOFFMAN MUSIC Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Hoffman Music

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Hoffman Music Fast Facts

Revenue	$1 - $10 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	45114 Musical Instrument & Supplies Stores
Address	1430 N. Monroe Street Spokane, WA 99201 hoffmanmusic.com

Note: Revenues for privately held companies are statistical evaluations.




Hoffman Music's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
• What industry is the company in?

Hoffman Music Annual Revenue and Growth Rate

Hoffman Music	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Hoffman Music's revenues are gauged from an analysis of company filings.

Hoffman Music's Income Statement (based on Industry Averages)

	$ Millions (Industry Average)
Hoffman Music Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Recession Risk

Determine whether Hoffman Music grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Hoffman Music is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.

Market Share of Hoffman Music's Largest Competitors

A competitive analysis shows these companies are in the same general field as Hoffman Music, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
GUITAR CENTER STORES	Westlake Village, CA	100
2428392 INC DBA FYE	Albany, NY	17
SAM ASH MUSIC	Hicksville, NY	5
UNIVERSAL MELODY SERVICES	Dallas, TX	3
AMOEBA MUSIC INC. HOLLYWOOD	Berkeley, CA	2
AMERICAN MUSICAL SUPPLY	Oakland, NJ	2
PAUL A. SCHMITT MUSIC	Bloomington, MN	1
WEST MUSIC	Coralville, IA	1
WASHINGTON MUSIC SALES CENTER	Wheaton, MD	1

Nearby Competitors

These companies are similar in business line and location to Hoffman Music. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
KASPIEN	Spokane Valley, WA	100
MOUNTAIN GEAR	Spokane Valley, WA	36
EVERGREEN SUPPLY COMPANY OF SPOKANE	Spokane, WA	16
HOFFMAN MUSIC	Spokane, WA	16
SPOKE N SPORT	Spokane, WA	6
NORTH DIVISION BICYCLE SHOP	Spokane, WA	5

Future Competition: Hoffman Music's Fastest Growing Competitors

These companies are in the same general field as Hoffman Music and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)