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by mistrial9 411 days ago
no - I guess that the massive net worth of that family is related to capital investments.. the value of the property that a store sits on, with no debt.. skillful use of traditional investment vehicles using a predictable cash flow. things like that. Many frugal and tireless small business in the large port city here in California fail.
1 comments

Wegmans has long been known for an extremely high revenue per square foot for grocery stores, and their stake in it is absolutely worth billions.

I’d happily take 2-3% margins of their $11B in revenue (2020 per Wiki).