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Local corners stores have profit margins below 5%. Most supermarkets make barely more than 1% profit.
by Daishiman 5y ago
Local corners stores have profit margins below 5%. Most supermarkets make barely more than 1% profit.
- austinheap 5y agoI can’t speak for every corner store, of course. The two SF owners I know very well and have helped with their books aim for 300%. They routinely hit this. Edit: for context the one in Noe did 2m last year.
- greedo 5y agoMarkup is not profit.
- deleted 5y ago[deleted]
- austinheap 5y agoAgreed! What came in the door for 1x was expected (and did) leave for 3x. So 200% in the pocket?
- tick_tock_tick 5y agoI mean I guess if you cooked the books that's the kind of math I expect.
- ianbicking 5y agoBoth are kind of true. On individual items the margins are pretty large. But the operational costs are large and so on net the profit margin is low. Unlike a store, Apple wants the margin without doing any of the work.