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I've wondered the same thing about some of the tiny shops in the center of town here. They sell cheap phone covers and whatnots that I can't imagine bring much
by mercer 10y ago
I've wondered the same thing about some of the tiny shops in the center of town here. They sell cheap phone covers and whatnots that I can't imagine bring much profit.
Could it be that these places have existed for a long time and rent protection keeps the rent down?
The only other explanation I can think of when it comes to some of these shops/food joints is that they're used for money laundering or something like that.
- crdoconnor 10y ago>They sell cheap phone covers and whatnots that I can't imagine bring much profit. Those things actually have really high margins.
- yitchelle 10y agoHowever, high margins does not necessary means high profit. We have plenty of these setups in our weekend markets, and I don't really see them selling these in high numbers. Actually, most of the time, the shops are empty but they are there, every weekend selling the same items.
- prawn 10y agoIs it possible that those running such establishments just live off less money?
- mercer 10y agoThat's a good point. Most of these establishments are family-run as well, which I imagine is significantly cheaper than hiring employees.