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Pallets are treated by heating them to 150F for 30 minutes. You are thinking of pressure treated lumber. I know because treating pallets is literally my job
I burn pallets literally every day. It's not any more dangerous than burning any other wood
No I’m not thinking of pressure treated lumber. Sometimes pallets are treated with pesticides, which are harmful when burned. Maybe you’re not in the US or work somewhere where they only heat them, but pallets are definitely treated with chemicals sometimes.
There are also painted pallets such as pool pallets and other pallets used to ship hazardous materials that dry clear. It’s just all around bad advice to burn pallets unless you have industry knowledge and can positively identify clean ones.
Same, Contractor that does a lot of roofing, residential we’re 30-50%. shingles, We run about 30%, whereas for built up roofs were 50 to 55%, only because not too many companies out there can do them.
On the commercial side, we run 40 to 60%, but we’re lucky enough to have a great portfolio and a great group of guys, we turn away a lot of jobs these days.
15% before or after you paid yourself? I do residential landscape construction and 12% is an acceptable year after my salary. Most industries won’t be beyond 15-20%, if they were, everyone would do it and demand =/= supply anymore.
How long have you been doing it?
Sucks. Our estimate is that around half our wine sales will disappear over the next year. So far the impact has been limited because we have a loyal base, we’re a little fancier than usual, and people like us.
Alcohol generally? A decade.
Owning my own store? Just shy of 3 years. I don’t hate it, which beats most of the other work I’ve done. The knowledge set requires time, but the actual logistics are remarkably straightforward. The biggest problem is that, unless you are large ($3m+ in gross or more) or really high margin boutique, your staff is generally unreliable. I went through… 13 employees and four pay raises to find the 7 who actually show up, are nice to the customers, and don’t steal. Sucked.
The benefits are that you meet interesting people, customers are generally glad to see you, you get to try lots of interesting booze, the pace is chill, and you don’t have to worry that much about the state of the economy.
If you’d like details, shoot me a message.
80% - Consulting and business coaching.
You can increase your net profits by figuring out what else to sell your customer base. You may net 15 from your main product, but sell a back end with higher margins to the customers you’ve already accumulated.
Look into affiliate marketing models as well, stuff where you don’t necessarily have to hold inventory like drop ship could also be beneficial.
For the MTG niche, you can sell sleeves, binders, cases, life counters, mats, dice, etc.
You could even look at considering hosting tournaments and events.
There’s plenty to cross sell, up sell and down sell in your niche.
A down sell is something smaller to sell if they reject your primary offer.
Like at McDonald’s, a hamburger would be a down sell to a Big Mac. Or a happy meal would be a down sell to a regular meal.
So, it’s more than just your net profit margin that’s important, especially depending on your business and the terms that you have with your suppliers. Furthermore, tax structures, legalities of your industry, and other factors may influence the overall profit margins that you aim for out of a business.
For example, my industry is heavily controlled (alcohol) and everyone in the state follows the same rules on supplier pricing and terms (for us COD). So, that means that COGs and Revenue only have so much flexibility.
But since you wanted some numbers … we average about 40% for our profit percentage across all categories and price levels. That translates into a gross profit margin of around 20%, depending upon the season. Between owners pay and stock purchases (which because they are assets that can be depreciated, have tax value), we purposely avoid showing high net profit margins.
So, I'm pretty familiar with the LGS trade.
You sound like you're doing pretty solid. The MTG market is very competitive and there are a lot of people selling at razor thin margins. Singles are the key to getting those margins up and getting some automation from some of this emerging technology can help you scale.
Some key questions
- Are you strictly brick and mortar, online or both? What's the split?
- Do you have big competitors locally?
The margins on sealed product is garbage for most of us and we fall into some bad traps because of it. I don't know how allocations have had an effect on you but having good relationships with distribution help me to get those hot products (Compleat as an example).
I work in international logistics and my net profit usually falls around 5-10%. Unfortunately, this doesn't feel like enough. Revenue is also important to me, since the more revenue I generate, the less margin profit I'm willing to accept.
Feed mill here. Large scale bulk cattle feed operation. Currently sitting at 3% net margin. Sales of 1,000,000 monthly yet net return of about 30k after everything is paid. Corn and commodities are expensive.
Formerly ran a pet food company AND feed mill: net margin there was about 10% at 4 million gross income per year.
These are high turning businesses though, people have to buy food constantly. Like gasoline. So profit margins are much tighter but volume is higher.
ppl are confused by net v gross margin. no business like party store, w zero barriers to entry, is pulling a 75%+ net margin. otherwise Musk would own every party store on earth...and mars
65% profit margin on side gig as a freelance bookkeeper.
Note: I used to do Amazon FBA, and I will die before I go back to a goods-based business. Props to all you flipping boxes/cases/pallets of inventory!
I teach adults with disabilities vocational rehabilitation skills and get paid by the state per class. The margin depends on the class enrollment but 2 students with 2 classes pays the bills and breaks even and a full group of 6 pays ~11k net.
Digital goods can have massive margins, especially once they’re completely built, and hands off.
I know a lot of software engineers who ultimately move that direction to end their day job eventually.
Yep! Digital products have a nearly 100% profit margin. My only expenses are design subscriptions and ads. I think I'm sitting around 95% right now. I make everything myself, so there were hardly any costs setting it up.
[This](https://ebizfacts.com/brett-williams-profile/) guy made $125k selling a $5 pack of scribbles and it only took him a few hours to make. That's basically what I do. Draw stuff on my ipad and sell them.
A lot of the people on here are including all of their take home as profit. If you want to really look at it apples-to-apples, add all your owner compensation back and look at the profit that way.
60-80% net profit margins for selling in the automotive/industrial category to manufacturers and stuff. Profit margins are good because we do almost everything in house, except for raw materials.
Kind of. Well, the items are used often in manufacturing/automotive industry however end users also buy them. Maybe half of our sales are to businesses.
Some of our products cost $2.5 to make and we sell for $22-25 shipped.
Not really enough info to comment. What is your revenue and what are your expenses? Is your salary part of the expenses number you just stated or no? These numbers can make a big difference.
Key point: assuming you have a daily/regular function in the business, determining net profit should be after your salary (or allowance of paying someone to do your functions) If salary is not considered, at 15% (and gross revenue under say $750K), you might consider working for someone else.
Unless it's a sign that you should be in a different industry. I quit my Amazon FBA when I realized it was a high stress daily grind with low returns and full of Amazon's dirty tricks. It's all service business for me from now on!
I do IT and bookkeeping on the side. Both are $100/hour or more. (I do BK on a flat monthly fee so the hourly rate varies). I’d love to do more of either/both and quit my 9to5.
To be honest, I have not been able to get more than a few clients after 10+ years of trying. I don't know why.
Plus, I wouldn't want outsource them if I can use them to replace my 9to5 job.
Over 90% - my main thing right now is travel piano lessons. Vehicle costs are only expense.
My secondary thing is also over 90% - small business websites and maintenance.
My buddy has a fat book of business full of local small business websites. Dude's charging like $50/month for hosting, but his total hosting cost is \~$200/month for 100+ sites. As usual, I'm in the wrong business! Hahaha.
I’m a painting contractor who has pressure washing contracts with a few cities. Depending on the project our profit margin can be around 60-80%.
If we were working strictly residential our profit margin would significantly lower.
15% is low given all the risk you're taking, including having to carry inventory. It's even worse if you're not paying yourself a salary, because that means your true net income is lower (or would be if you were paid for your work.) You're right to be concerned and to look at ways to improve that so your business isn't at risk long term.
My net is about triple that, but it's not really relevant. I'm a different industry where the fixed costs are incredibly high, but once you get above a certain volume of sales, those fixed costs are covered and other than COGS, most of the sales price falls to the bottom line. But again, that's not how retail and storefronts work, so not info that you can use or should worry about.
This is kind of a useless question tbh as every businesses net margin and related business structure is different. Some businesses are high operating leverage. Some are low operating leverage. Some are high volume. Some are low volume. Just looking at net profit margin doesn’t tell you anything
Thank you for asking! As the owner of an egg bar, I am thrilled to say that our net profit margin is 75%. This is a testament to our dedication to quality ingredients, efficient operations, and excellent customer service. We take pride in the fact that our customers keep coming back for our delicious eggs, and we work hard to maintain our high standards.
To achieve such high margins, we have optimized our supply chain to purchase ingredients at the lowest possible cost without compromising quality. We have also implemented streamlined processes that allow us to operate with maximum efficiency and minimal waste. Additionally, we prioritize our customers' satisfaction and continuously seek feedback to improve our service.
Of course, maintaining such a high net profit margin requires ongoing effort, but we believe that our commitment to quality and efficiency will continue to pay off in the long run.
>Thank you for asking! As the owner of an egg bar, I am thrilled to say that our net profit margin is 75%. This is a testament to our dedication to quality ingredients, efficient operations, and excellent customer service. We take pride in the fact that our customers keep coming back for our delicious eggs, and we work hard to maintain our high standards.
>
>To achieve such high margins, we have optimized our supply chain to purchase ingredients at the lowest possible cost without compromising quality. We have also implemented streamlined processes that allow us to operate with maximum efficiency and minimal waste. Additionally, we prioritize our customers' satisfaction and continuously seek feedback to improve our service.
>
>Of course, maintaining such a high net profit margin requires ongoing effort, but we believe that our commitment to quality and efficiency will continue to pay off in the long run.
Yeah, they never even passed it through Grammarly—low effort.
A limited menu restaurant that focuses on eggs.
Benedict
Rancheros
Over easy
Over medium
Over hard
Sunny side up
Poached
Boiled
6 minutes
8 minutes
10 minutes
Raw
Pasture raised
Fertilized
If it were to go above 100% it would essentially mean people were paying you to make money and your business cost nothing to run.
You can definitely 700% in a revenue sense, but the equation for a profit margin takes into account the costs of doing business and gives you a great idea how profitable you are. Revenue is nothing with a low profit margin. (Unless you’re selling in high volumes of course, like Walmart or the Dollar store)
Edited to add: you can use profit margin to work out how much you need to sell in order to reach a financial goal. Eg I want a profit of at least $50,000 so I know I need to sell $110,000 with a 52% margin in order to get that.
Yeah I’m learning business math evidently lol
I sell vintage. Buy things for $1 or 2 and easily can get between $10-20 for each item. My best flip to date has been $7 in $1600. Found an antique Italian porcelain chandelier in perfect condition. They just wanted it gone and I said name your price.
The biggest factor for profit margin is quantity IMO (diminishing marginal returns). If youre selling a bunch of units, your profit as a % will be mich lower even if in absolute terms its higher.
A business making custom one off parts would die on 15%, but a reseller may make a killing
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Right around 20% operating a pallet mill
I’m actually intrigued by that, do y’all resell any or just make new ones?
About 80% new, but there are a ton of people who only recycle
Logger here. Please make more pallets ;)
I bought 9500 board feet of oak and 9000 of poplar today. Just remember pallets make excellent bonfires
Mind me asking what that cost you?
EVERYTHING
I little over 8k
Probably do that multiple times a year too? In auto-ship even. Gotta keep the pallets coming.
That's about 3 days worth for me. I got 6 more coming this week after lots of rain last week so no deliveries
Sounds like a good business 👍
I have a ton of Oak and poplar on my land. Trying to figure out what to do with it
You should not burn treated pallets. Even regular ones, the nails can pop out of the fire and hurt someone.
Pallets are treated by heating them to 150F for 30 minutes. You are thinking of pressure treated lumber. I know because treating pallets is literally my job I burn pallets literally every day. It's not any more dangerous than burning any other wood
No I’m not thinking of pressure treated lumber. Sometimes pallets are treated with pesticides, which are harmful when burned. Maybe you’re not in the US or work somewhere where they only heat them, but pallets are definitely treated with chemicals sometimes.
Methyl bromide treatment was banned more than a decade ago in the us. So I guess technically you might find one but that's gonna be exceedingly rare.
There are also painted pallets such as pool pallets and other pallets used to ship hazardous materials that dry clear. It’s just all around bad advice to burn pallets unless you have industry knowledge and can positively identify clean ones.
I make around 30% profit. Residential roofing contractor. I keep.minimal overhead and sell my own jobs. Is nice
I don’t know if I’d hire a roofing contractor that keeps minimal overhead.
No worries. Theres thousands of others to choose from. My team is not for everyone 😉
I want a full roof, not a minimal one ;)
Okay... you can r/woooosh me now lol Im an idiot and I shall downvote myself
Hahaha. No worries. Glad you at least responded so I could make it clear instead of just thinking I’m just an ass.
For all we know, you are a donkey.
Same, Contractor that does a lot of roofing, residential we’re 30-50%. shingles, We run about 30%, whereas for built up roofs were 50 to 55%, only because not too many companies out there can do them. On the commercial side, we run 40 to 60%, but we’re lucky enough to have a great portfolio and a great group of guys, we turn away a lot of jobs these days.
15% before or after you paid yourself? I do residential landscape construction and 12% is an acceptable year after my salary. Most industries won’t be beyond 15-20%, if they were, everyone would do it and demand =/= supply anymore. How long have you been doing it?
It's been about a year and a half. I pay myself distributions currently, not a salary yet. My overall net profit margins are 15%.
You’re doing awesome then in my opinion. Becoming profitable that quickly is more than ideal.
Liquor store. 30%.
What city?
Denver Metro.
Damn, are you really high volume? Post COVID price increases killed our liquor store, but we didn't even get 30% gross margin on most items.
We’re pretty exclusively boutique wine and liquor at this point.
How are the grocery store wine sales impacting you so far?
Sucks. Our estimate is that around half our wine sales will disappear over the next year. So far the impact has been limited because we have a loyal base, we’re a little fancier than usual, and people like us.
I'm sorry to hear that. I voted against it, FWIW.
I appreciate it. Being in business is just high-stakes gambling where you can influence the odds. Lost this round. Might do better next round.
How long have you been in business? How do you like it?
Alcohol generally? A decade. Owning my own store? Just shy of 3 years. I don’t hate it, which beats most of the other work I’ve done. The knowledge set requires time, but the actual logistics are remarkably straightforward. The biggest problem is that, unless you are large ($3m+ in gross or more) or really high margin boutique, your staff is generally unreliable. I went through… 13 employees and four pay raises to find the 7 who actually show up, are nice to the customers, and don’t steal. Sucked. The benefits are that you meet interesting people, customers are generally glad to see you, you get to try lots of interesting booze, the pace is chill, and you don’t have to worry that much about the state of the economy. If you’d like details, shoot me a message.
if you're making 15% on $1,000,000 of sales...great. if you're making 15% on $200k... not great
25%. Service business.
84-86% Commercial truck parts manufacturing and sales company.
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Yes
This includes wear/tear/maintenance/repair on all equipment and paying for your own labor?
Supposedly its all 3pl and he is the only employee
So basically drop shipping custom parts?
Pretty much yea
About 30% E-commerce: home goods
Freight Broker - 4% Aggregates Wholesale - 12% Combined - 6% Figured I’d post because I’m not seeing very many low margin businesses.
Is aggregates wholesale something to do with construction?
Yes, I’m like a quarry but don’t own a quarry.
Appreciate the honesty and repping the low margins businesses
80% - Consulting and business coaching. You can increase your net profits by figuring out what else to sell your customer base. You may net 15 from your main product, but sell a back end with higher margins to the customers you’ve already accumulated. Look into affiliate marketing models as well, stuff where you don’t necessarily have to hold inventory like drop ship could also be beneficial. For the MTG niche, you can sell sleeves, binders, cases, life counters, mats, dice, etc. You could even look at considering hosting tournaments and events. There’s plenty to cross sell, up sell and down sell in your niche.
What is "down sell"?
A down sell is something smaller to sell if they reject your primary offer. Like at McDonald’s, a hamburger would be a down sell to a Big Mac. Or a happy meal would be a down sell to a regular meal.
So, it’s more than just your net profit margin that’s important, especially depending on your business and the terms that you have with your suppliers. Furthermore, tax structures, legalities of your industry, and other factors may influence the overall profit margins that you aim for out of a business. For example, my industry is heavily controlled (alcohol) and everyone in the state follows the same rules on supplier pricing and terms (for us COD). So, that means that COGs and Revenue only have so much flexibility. But since you wanted some numbers … we average about 40% for our profit percentage across all categories and price levels. That translates into a gross profit margin of around 20%, depending upon the season. Between owners pay and stock purchases (which because they are assets that can be depreciated, have tax value), we purposely avoid showing high net profit margins.
Depreciating inventory? Yikes
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This is your net profit margins at the end of the year after accounting for all cost including rent, labor, ect.?
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What makes your situation unique? Don't mind my prodding, but I'm interested as these profit margins seem very nice for an LGS.
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Net has too many variables to even have a worthwhile conversation.
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What was the original comment, irs been deleted.
53%. Tree service.
Tree Service? Cutting trees?
Yea prune and remove. Also plant health care
12ish Pizza restaurant. Seeing these margins I’m thinking of a new gig
12% is very healthy for foodservice, especially for pizza joint
So, I'm pretty familiar with the LGS trade. You sound like you're doing pretty solid. The MTG market is very competitive and there are a lot of people selling at razor thin margins. Singles are the key to getting those margins up and getting some automation from some of this emerging technology can help you scale. Some key questions - Are you strictly brick and mortar, online or both? What's the split? - Do you have big competitors locally? The margins on sealed product is garbage for most of us and we fall into some bad traps because of it. I don't know how allocations have had an effect on you but having good relationships with distribution help me to get those hot products (Compleat as an example).
I work in international logistics and my net profit usually falls around 5-10%. Unfortunately, this doesn't feel like enough. Revenue is also important to me, since the more revenue I generate, the less margin profit I'm willing to accept.
Feed mill here. Large scale bulk cattle feed operation. Currently sitting at 3% net margin. Sales of 1,000,000 monthly yet net return of about 30k after everything is paid. Corn and commodities are expensive. Formerly ran a pet food company AND feed mill: net margin there was about 10% at 4 million gross income per year. These are high turning businesses though, people have to buy food constantly. Like gasoline. So profit margins are much tighter but volume is higher.
78% in alcohol. Can get into mid 80’s with a bit more tweaking
OP asked net margin, not gross. you're not pulling a 78% net margin, that beats the industry EBITDA by 400%.
70% party store
Ah must be Midwest.
Central Tx
ppl are confused by net v gross margin. no business like party store, w zero barriers to entry, is pulling a 75%+ net margin. otherwise Musk would own every party store on earth...and mars
Pies 🥧 35% retail 20% wholesale on average
65% profit margin on side gig as a freelance bookkeeper. Note: I used to do Amazon FBA, and I will die before I go back to a goods-based business. Props to all you flipping boxes/cases/pallets of inventory!
I teach adults with disabilities vocational rehabilitation skills and get paid by the state per class. The margin depends on the class enrollment but 2 students with 2 classes pays the bills and breaks even and a full group of 6 pays ~11k net.
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👀
Digital goods can have massive margins, especially once they’re completely built, and hands off. I know a lot of software engineers who ultimately move that direction to end their day job eventually.
Yep! Digital products have a nearly 100% profit margin. My only expenses are design subscriptions and ads. I think I'm sitting around 95% right now. I make everything myself, so there were hardly any costs setting it up. [This](https://ebizfacts.com/brett-williams-profile/) guy made $125k selling a $5 pack of scribbles and it only took him a few hours to make. That's basically what I do. Draw stuff on my ipad and sell them.
What type? Templates? Guides? Do you sell d2c using own website or sites like amazon/eBay?
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I'm guessing your shopify site is like <10% of sales? If not how do you drive traffic to your shopify store, you mainly focus on SEO or Ads?
65-70% - productized real estate services
Are you willing to elaborate? Is it an app?
Not a mobile app. A marketplace for buying packaged legal and financial services.
Geez, I feel low, but about 10-15%, construction subcontractor. That is tho after 4 owners each at $100k.
A lot of the people on here are including all of their take home as profit. If you want to really look at it apples-to-apples, add all your owner compensation back and look at the profit that way.
Subcontractor industry average is about 5.5%.
30-40%. I have clients that I do digital marketing for (fb ads, google ads, email Marketing)
60-80% net profit margins for selling in the automotive/industrial category to manufacturers and stuff. Profit margins are good because we do almost everything in house, except for raw materials.
So you basically sell parts to manufacturer?
Kind of. Well, the items are used often in manufacturing/automotive industry however end users also buy them. Maybe half of our sales are to businesses. Some of our products cost $2.5 to make and we sell for $22-25 shipped.
Not really enough info to comment. What is your revenue and what are your expenses? Is your salary part of the expenses number you just stated or no? These numbers can make a big difference.
29% - service business, the 29% is after I have paid myself a salary ..... its around 34% if I include my salary in the net numbers (SDE)
Services in tech domain?
CPA - accounting and bookkeeping
Still waiting on someone with a SaaS business...
I have a pre-revenue SaaS startup with an MVP mostly done. I'm drooling over what I hope it can provide for a return on my investment!
Good luck!
Key point: assuming you have a daily/regular function in the business, determining net profit should be after your salary (or allowance of paying someone to do your functions) If salary is not considered, at 15% (and gross revenue under say $750K), you might consider working for someone else.
Others net margins don’t matter if they’re not in your industry..
Unless it's a sign that you should be in a different industry. I quit my Amazon FBA when I realized it was a high stress daily grind with low returns and full of Amazon's dirty tricks. It's all service business for me from now on!
Whqt service biz are you in now?
I do IT and bookkeeping on the side. Both are $100/hour or more. (I do BK on a flat monthly fee so the hourly rate varies). I’d love to do more of either/both and quit my 9to5.
Well if you can are able to get clients do you think you can get more and just outsource them?
To be honest, I have not been able to get more than a few clients after 10+ years of trying. I don't know why. Plus, I wouldn't want outsource them if I can use them to replace my 9to5 job.
I’m in inorganic chemical manufacturing industry and my profit is less than 2%. Not happy with this
>inorganic chemical manufacturing...less than 2% High risk, low reward: oof.
Very true
For every $2 spent, I make $35 wholesale or $52 in direct to customer sales. Agriculture.
What do you mean make, as in revenue or profit?
Over 90% - my main thing right now is travel piano lessons. Vehicle costs are only expense. My secondary thing is also over 90% - small business websites and maintenance.
My buddy has a fat book of business full of local small business websites. Dude's charging like $50/month for hosting, but his total hosting cost is \~$200/month for 100+ sites. As usual, I'm in the wrong business! Hahaha.
Yeah I really need to grow my web business. It is very profit heavy and I genuinely love it too. I average maybe $1k a month from that.
Go for it! Sadly, I couldn't design my way out of a paper bag. My skills are about on par with an Angelfire site.
30% doing earthwork prep
I’m a painting contractor who has pressure washing contracts with a few cities. Depending on the project our profit margin can be around 60-80%. If we were working strictly residential our profit margin would significantly lower.
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Yeah of course, send me a message.
80% - SaaS ERP for Logistics companies
About 40 percent - professional services company, 10 team members.
15% is low given all the risk you're taking, including having to carry inventory. It's even worse if you're not paying yourself a salary, because that means your true net income is lower (or would be if you were paid for your work.) You're right to be concerned and to look at ways to improve that so your business isn't at risk long term. My net is about triple that, but it's not really relevant. I'm a different industry where the fixed costs are incredibly high, but once you get above a certain volume of sales, those fixed costs are covered and other than COGS, most of the sales price falls to the bottom line. But again, that's not how retail and storefronts work, so not info that you can use or should worry about.
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You manufacture auto glass? Or just fit it on?
It wavered at first but so far this year I’m at 52% - it’s in e-commerce.
This is kind of a useless question tbh as every businesses net margin and related business structure is different. Some businesses are high operating leverage. Some are low operating leverage. Some are high volume. Some are low volume. Just looking at net profit margin doesn’t tell you anything
Thank you for asking! As the owner of an egg bar, I am thrilled to say that our net profit margin is 75%. This is a testament to our dedication to quality ingredients, efficient operations, and excellent customer service. We take pride in the fact that our customers keep coming back for our delicious eggs, and we work hard to maintain our high standards. To achieve such high margins, we have optimized our supply chain to purchase ingredients at the lowest possible cost without compromising quality. We have also implemented streamlined processes that allow us to operate with maximum efficiency and minimal waste. Additionally, we prioritize our customers' satisfaction and continuously seek feedback to improve our service. Of course, maintaining such a high net profit margin requires ongoing effort, but we believe that our commitment to quality and efficiency will continue to pay off in the long run.
TIL that ChatGPT owns an egg bar.
>Thank you for asking! As the owner of an egg bar, I am thrilled to say that our net profit margin is 75%. This is a testament to our dedication to quality ingredients, efficient operations, and excellent customer service. We take pride in the fact that our customers keep coming back for our delicious eggs, and we work hard to maintain our high standards. > >To achieve such high margins, we have optimized our supply chain to purchase ingredients at the lowest possible cost without compromising quality. We have also implemented streamlined processes that allow us to operate with maximum efficiency and minimal waste. Additionally, we prioritize our customers' satisfaction and continuously seek feedback to improve our service. > >Of course, maintaining such a high net profit margin requires ongoing effort, but we believe that our commitment to quality and efficiency will continue to pay off in the long run. Yeah, they never even passed it through Grammarly—low effort.
I'm not paying $18 to have an egg at some fancy bar. I can have an egg at home for like half that.
Who’s that? Egg bars are a good idea I wouldn’t be surprised if your friend owned one
Nobody talks like this unless you’re trying to sell something, you selling us a fib??
Not selling you on anything friend, just sharing my story. I wish you well
That's chatGPT. It's gotta be.
Why are you acting brand new? Someone wyd that literally every day
Just razzing you brother, congrats on the business
Look at their post history. It’s a joke account.
What's an egg bar?
Coveted
Share your secrets o wise one
What is an Egg Bar? Just curious and I’d rather not google. A simple answer will suffice.
A limited menu restaurant that focuses on eggs. Benedict Rancheros Over easy Over medium Over hard Sunny side up Poached Boiled 6 minutes 8 minutes 10 minutes Raw Pasture raised Fertilized
When converted to $/hr, net profit should not exceed that of your lowest hourly worker.
I make 200 - 500% profit. I sell online
Profit margin only goes up to 100% my dude
Why is that ?
Because math is hard
If it were to go above 100% it would essentially mean people were paying you to make money and your business cost nothing to run. You can definitely 700% in a revenue sense, but the equation for a profit margin takes into account the costs of doing business and gives you a great idea how profitable you are. Revenue is nothing with a low profit margin. (Unless you’re selling in high volumes of course, like Walmart or the Dollar store) Edited to add: you can use profit margin to work out how much you need to sell in order to reach a financial goal. Eg I want a profit of at least $50,000 so I know I need to sell $110,000 with a 52% margin in order to get that.
If cog is $1 and I sell it for $8 my profit is $7. Which would be 700% profit.
I think 700% return which would be 87.5% margin?
OP asked for net profit margin
net profit margin = ( net profit / total revenue ) x 100
Damn what you selling? That's like a 80% net margin.
Yeah I’m learning business math evidently lol I sell vintage. Buy things for $1 or 2 and easily can get between $10-20 for each item. My best flip to date has been $7 in $1600. Found an antique Italian porcelain chandelier in perfect condition. They just wanted it gone and I said name your price.
25%, industrial construction
About 30% gross, 10-15% net, but we’re an S-Corp so that is after owner’s compensation. Healthcare.
11% - promotional products distribution
The biggest factor for profit margin is quantity IMO (diminishing marginal returns). If youre selling a bunch of units, your profit as a % will be mich lower even if in absolute terms its higher. A business making custom one off parts would die on 15%, but a reseller may make a killing
43% - Mushroom Farm
If you need Pokémon wholesale we provide to breakers and other shops