53228 - Other Consumer Goods Rental
If you're exploring the rental and leasing services sector, understanding NAICS codes is essential. One important code to know is NAICS 53228 – Other Consumer Goods Rental. This industry classification plays a vital role in short-term consumer goods rental, offering a range of personal products to customers without the need for ownership.
What Is NAICS Code 53228?
NAICS Code 53228 covers establishments primarily engaged in renting consumer goods, excluding automotive equipment and video tapes. This includes a wide array of personal goods available for short-term rental, such as formal wear, costumes, and certain consumer electronics.
Industry Description:
- Firms provide rental services for consumer products.
- Rentals are generally short-term.
- Excludes automotive and video tape rentals.
Sector Highlight: Rental and Leasing Services
NAICS 53228 falls under the Rental and Leasing Services sector, a dynamic area catering to diverse rental needs across the country. This sector supports consumer flexibility by offering access to valuable goods without the full financial responsibility of ownership.
Typical Business Activities Include:
- Renting formal wear such as tuxedos and gowns.
- Costume rental services for events, parties, and theater.
- Leasing consumer electronics on a short-term basis.
Size Standards for NAICS 53228
To qualify under this NAICS code for government contracting or small business programs, businesses must adhere to size standards defined by the Small Business Administration (SBA). The general size standard for NAICS 53228 is:
| Size Standard Type | Threshold |
|---|---|
| Average Annual Receipts | $16.5 million |
Businesses falling below this revenue threshold are considered small and eligible for various government programs designed to support small enterprises.
Examples of Businesses Under NAICS 53228
-
Costume Rental Shops
Specialize in renting costumes for seasonal events, theater productions, and themed parties. -
Formal Wear Rental Businesses
Provide tuxedos, suits, gowns, and accessories for weddings, proms, and formal occasions. -
Consumer Electronics Rental Services
Offer short-term leases or rentals of personal electronics, including cameras and audio devices (excluding video tape equipment).
NAICS 53228 Code Details Table
| NAICS Code | Title | Sector | Description |
|---|---|---|---|
| 53228 | Other Consumer Goods Rental | Rental and Leasing Services | Establishments renting formal wear, costumes, and other personal consumer goods, excluding automotive and video tapes |
Frequently Asked Questions (FAQ)
What types of goods are excluded in NAICS 53228?
This code excludes rental of automotive equipment and video tapes. Those are classified under different NAICS codes.
Can a business offer both costume and formal wear rentals under NAICS 53228?
Yes, businesses renting various consumer goods like costumes and formal wear typically fall under this classification.
How does NAICS 53228 differ from general retail rental?
NAICS 53228 focuses specifically on non-automotive consumer goods available for short-term rental, distinguishing it from automotive or video equipment rental sectors.
Why is understanding NAICS code 53228 important for businesses?
Knowing your NAICS code helps in accurately classifying your business for government contracts, market research, and compliance with industry standards.
Conclusion
NAICS Code 53228 – Other Consumer Goods Rental is a nuanced classification within the rental and leasing services sector, representing diverse businesses that provide short-term rental of personal consumer goods. Whether you’re a costume rental shop or a formal wear rental business, accurately identifying your NAICS code ensures eligibility for contracts and improved market positioning.
If your business operates in this space, leveraging insights into NAICS 53228 will help you optimize growth opportunities and maintain compliance with industry and government standards.
Optimize your rental business today by aligning with NAICS code 53228 and tap into the vast opportunities in consumer goods rental!
