this post was submitted on 21 Aug 2023
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8% profit margin? That's... Absolutely abysmal. How the heck do they stay afloat?
Not sure if you are being sarcastic and think 8% is huge or you are being sincere and think 8% is poor. 8% is average compared to other industries.
8% is tiny. Like, microscopic.
In my industry, if your Profit Margin per ticket is less than 70% for a long enough time, your gonna go under. (Automotive Repair)
I doubt your profit margin per ticket includes over head costs. Is sounds like it's mostly direct costs that are included. If your shop truly had a 70% profit margin the owner would be loaded, for every 100k you charge customers they would be taking home 70k in profit.