44523 - Fruit and Vegetable Retailers
When it comes to offering fresh fruits and vegetables directly to consumers, NAICS code 44523 plays a crucial role in identifying and categorizing businesses within this vibrant segment of the retail industry. Whether you're starting a fruit market, managing a produce section, or running a vegetable stand, understanding NAICS code 44523 is essential for compliance, market research, and government contracting opportunities.
What is NAICS Code 44523?
NAICS code 44523 corresponds to the industry of Fruit and Vegetable Retailers. This classification includes establishments primarily engaged in retailing fresh fruits and vegetables. These businesses focus on delivering a wide variety of fresh, high-quality produce directly to consumers, helping promote healthy eating and supporting local agriculture.
Sector and Business Activities for NAICS 44523
- Sector: Retail Trade
- Industry: Fruit and Vegetable Retailers
- Typical Business Activities Include:
- Operating fruit markets
- Running vegetable stands or booths
- Managing fresh produce sections within grocery stores
- Selling seasonal and specialty fruits and vegetables
- Providing local and organic produce options
These businesses provide vital access to fresh produce, serving diverse communities and contributing to local economies.
Size Standards for NAICS Code 44523 Eligibility
The Small Business Administration (SBA) sets the size standards to determine eligibility for small business programs related to government contracting:
- Size Standard:
- Maximum average annual receipts of $28.5 million over the past three years
Meeting this size standard can qualify businesses for small business benefits, including government contracts, financial assistance, and business development programs.
Examples of Businesses Under NAICS 44523
- Local fruit markets selling seasonal fruits and berries
- Roadside or farmer’s market vegetable stands
- Produce departments in large retail grocery stores
- Specialty shops focusing exclusively on fresh fruits and vegetables
- Organic produce retailers catering to health-conscious consumers
NAICS Code 44523 Details
| Attribute | Description |
|---|---|
| NAICS Code | 44523 |
| Industry Title | Fruit and Vegetable Retailers |
| Sector | Retail Trade |
| Description | Establishments primarily retailing fresh fruits and vegetables directly to consumers. |
| Size Standard | $28.5 million average annual receipts |
| Typical Businesses | Fruit markets, vegetable stands, produce sections in grocery stores |
FAQs about NAICS Code 44523
What types of businesses fall under NAICS 44523?
This NAICS code covers businesses primarily engaged in retailing fresh fruits and vegetables such as fruit markets, vegetable stands, and produce sections within grocery stores.
Can a grocery store that sells other items use this code?
Yes, if the primary business activity is retailing fresh fruits and vegetables, or if it has a dedicated produce section, it may be classified under this code for that part of the business.
Why is NAICS code important for fruit and vegetable retailers?
NAICS codes help in business classification for market analysis, eligibility for government programs, taxation, and procurement processes.
What is the small business size standard for this industry?
Businesses with average annual receipts up to $28.5 million qualify as small businesses under NAICS 44523.
How does using NAICS codes benefit retailers?
Using the correct NAICS code ensures accurate industry benchmarking, eligibility for contracts and grants, and industry-specific marketing strategies.
Understanding NAICS code 44523 is essential for fruit and vegetable retailers aiming to establish themselves in the retail trade sector. This code not only categorizes your business but also opens doors to specialized government programs and market insights. If you're in the fresh produce retail industry, make sure you leverage the advantages of properly classifying under NAICS 44523 for your continued growth and success.
