445131 - Convenience Retailers
When it comes to quick shopping trips for essentials like milk, bread, or snacks, Convenience Retailers play a vital role in our daily lives. If you’re a business owner or entrepreneur interested in government contracting or market research, understanding NAICS Code 445131 is essential. This code specifically classifies businesses operating convenience stores, a prominent segment within the Retail Trade sector. In this blog post, we’ll dive deep into what NAICS 445131 entails, the types of businesses involved, size standards, and much more.
What is NAICS Code 445131?
NAICS Code 445131 is designated for Convenience Retailers. This industry encompasses establishments primarily engaged in retailing a limited line of everyday items such as:
- Milk
- Bread
- Soda
- Snacks
These stores are designed for quick and convenient shopping experiences, often open for extended hours and located in easily accessible areas for their communities.
Sector: Retail Trade
NAICS 445131 falls under the broader Retail Trade sector, which includes businesses engaged in selling merchandise directly to consumers. Convenience retailers are uniquely positioned in this sector, focusing on fast service and close proximity to residential or business areas.
What Businesses Are Included in NAICS 445131?
Typical business activities and establishments under this code include:
- Convenience stores
- Corner stores
- Gasoline stations with attached convenience stores (excluding those primarily engaged in fuel sales with pumps)
These businesses commonly serve customers needing quick purchases without the hassle of large supermarkets.
Size Standards for NAICS 445131
To qualify as a small business under this NAICS code—often relevant for government contracts or loan programs—businesses must have an average annual revenue not exceeding $36.5 million dollars. This size standard aids in identifying eligible small businesses for various federal and state assistance programs.
NAICS 445131 Code Details at a Glance
| Attribute | Details |
|---|---|
| NAICS Code | 445131 |
| Title | Convenience Retailers |
| Sector | Retail Trade |
| Industry Description | Retail of limited line of goods like milk, bread, soda, snacks |
| Typical Business Types | Convenience stores, Corner stores, Gas stations with convenience stores (excluding fuel pumps) |
| Size Standard | $36.5 million average annual receipts |
Frequently Asked Questions about NAICS 445131
What products do convenience retailers typically sell?
Convenience retailers sell a limited range of everyday items such as dairy products, bread, snacks, beverages, and sometimes basic household goods.
Are gas stations included under NAICS code 445131?
Only gasoline stations that have an attached convenience store (excluding those primarily focused on fuel sales) are classified under this NAICS code.
Why is NAICS code 445131 important for small businesses?
Understanding this code helps small business owners determine eligibility for government contracting, loans, and other assistance programs tailored specifically to convenience retailers.
What defines the size standard for this industry?
For NAICS 445131, businesses with annual revenues of $36.5 million or less are considered small, aligning with SBA standards.
Conclusion
NAICS Code 445131, Convenience Retailers, is a crucial classification within the Retail Trade sector, representing a wide range of convenience stores and similar businesses. Whether you’re an entrepreneur, government contractor, or investor, knowing the details of this NAICS code unlocks valuable insights for planning, compliance, and growth. With long operating hours and strategic locations, convenience retailers continue to cater to the fast-paced needs of modern consumers.
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Keywords: NAICS 445131, Convenience Retailers, convenience stores, retail trade sector, size standards, government contracting, small business eligibility, convenience store NAICS code
