Quote:
Originally Posted by drunkenguru
Not sure about post office, but with newsagencies you're looking at 30% of revenue being profit. So say you turn over 500k a year, that's 150k in your pocket. One thing to note about this business is that every dollar counts and adds up - it's a cash business and many operators don't report their true profits (I don't endorse this behaviour, of course).
HTH
DG
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Don't know how you come up with 30%. I believe the industry average is about 9.5%, however it would be a fairly sad newsagency to only be turning over 500K.
So if you bring the turnover up to around 1.5MIL the end result would be about the same.
By the way I happen to know where there is a good one for sale if anyone is interested 
__________________
Rick
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