8 ms·
1000 day seems low to me. That’s only ~$10k/day. Can they justify at that rate?
by matt_the_bass 8y ago
1000 day seems low to me. That’s only ~$10k/day. Can they justify at that rate?
- sdinsn 8y agoAre you saying 10k a day is low? That's 3.65 million a year- that's absolutely enough to support rent, part time employees, and a nice profit margin (~10 - 15% on average).
- matt_the_bass 8y agoYes (I’m guesstimating $10 per customer). That’s fine for a mom and pop coffee shop maybe. But does that support a Starbucks? I’d guess no. I’d guess that Starbucks needs 2-3x that to justify keeping the location open.
- sdinsn 8y agoLet me again repeat this, which you ignored: > That's 3.65 million a year- that's absolutely enough to support rent, part time employees, and a nice profit margin (~10 - 15% on average).