• jimbolauski@lemmy.world
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      1 year ago

      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.

      • Skiptrace@lemmy.one
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        1 year ago

        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)

        • jimbolauski@lemmy.world
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          1 year ago

          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.