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by mason55
3991 days ago
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Yes I came here looking for discussion on that. A good store does $200 a day after COGS? Say 8 hours/day and you're looking at $25/hour, which I guess is pretty far above minimum wage, but is someone for whom $25/hour is an upgrade in a place to spend the $3k to buy in? And if you're operating in a slower area you're not that far from making minimum wage. If I wanted to operate a fleet of them I don't see how I come out ahead after salary, overhead (increased loss from the minimum wage employee) and taxes. Even at $175/day your looking at $21/hour income after COGS, pay someone $12/hour plus taxes and overhead and you're profiting maybe $3/hour/bike. I guess once you get to 30 or so you're starting to make real money. But at that point you have to wonder about saturation of the good spots. |
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