445292 - Confectionery and Nut Retailers
If you’re in the business of selling sweet treats or crunchy nuts, understanding NAICS code 445292 is vital for your retail operation. This specific NAICS (North American Industry Classification System) code identifies businesses focused on the retailing of confectionery and nuts, an important subset within the broader retail trade sector. Whether you own a candy shop or a nut specialty store, knowing the details of this classification helps with government contracting, compliance, and industry analysis.
What Is NAICS Code 445292?
NAICS code 445292 refers to establishments primarily engaged in retailing confectionery and nuts. These businesses sell a variety of candy, chocolates, nuts, and related packaged products directly to consumers. The classification is essential for businesses involved in the specialty retail trade niche of sweets and snacks.
Description:
- Retailers of confectionery (such as candy and chocolates)
- Retailers of packaged nuts
- Businesses selling packaged confectionery and nuts only
This NAICS code excludes other food retailers that might sell confectionery as a secondary product; it specifically covers specialized retailers focusing on these items.
Sector: Retail Trade
This NAICS code belongs to the Retail Trade sector. Retail trade includes all businesses that sell merchandise, goods, or products directly to final consumers. Confectionery and nut retailers are a niche within this sector that caters to customers looking for specialty snack and sweet products.
Code Details for NAICS 445292
| NAICS Code | Description |
|---|---|
| 445292 | Confectionery and Nut Retailers |
| Candy stores, packaged, retailing only | |
| Confectionery stores, packaged, retailing only | |
| Nut (i.e., packaged) stores |
Typical Businesses Operating Under NAICS 445292
- Candy Stores: Specialty shops selling a variety of candies and chocolates.
- Nut Shops: Retailers offering a wide selection of packaged nuts and nut products.
- Specialty Confectionery Retailers: Stores focusing on gourmet or artisanal confectionery items.
These businesses typically provide high-quality, packaged sweet and nut products that attract consumer demand for gifts, snacks, and seasonal treats.
Size Standard for NAICS 445292
For government contracting and Small Business Administration (SBA) purposes, the size standard for NAICS 445292 is:
- $19.5 million dollars in average annual receipts
This means to qualify as a small business under this NAICS code, the organization's average annual revenue must not exceed $19.5 million.
Why Is Knowing This NAICS Code Important?
- Helps businesses identify eligibility for government contracts.
- Assists in market research and competitor analysis.
- Used for economic reporting and business classification.
- Streamlines tax, licensing, and compliance filings.
Frequently Asked Questions (FAQ)
What products are included under NAICS 445292?
Primarily candy, chocolates, packaged nuts, and related confectionery products sold directly to consumers.
Is a grocery store that sells candy classified under NAICS 445292?
No. Grocery stores fall under different NAICS codes since candy is not their primary retail product.
Can online candy retailers fall under this NAICS code?
Yes, if the primary business activity is retailing packaged candy and nuts directly to consumers, including online sales.
What is the significance of the $19.5 million size standard?
This size threshold determines whether a business qualifies as a small business for federal programs like contracting and assistance.
Are seasonal or gift shops included in this NAICS code?
Only if their primary business activity is retailing packaged confectionery and nuts. Otherwise, they may fall into other retail classifications.
By understanding NAICS code 445292, confectionery and nut retailers can better position themselves for growth opportunities, compliance adherence, and government contracting advantages. Whether you run a charming candy boutique or a bustling nut shop, this code provides a clear industry identity for your business’s operations and planning.
