[Daishiman]

Local corners stores have profit margins below 5%. Most supermarkets make barely more than 1% profit.

[ianbicking]

Both 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.

[austinheap]

I 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]

Markup is not profit.

[austinheap]

Agreed! What came in the door for 1x was expected (and did) leave for 3x. So 200% in the pocket?

[tick_tock_tick]

I mean I guess if you cooked the books that's the kind of math I expect.