What is a good percentage for profit over turnover?

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What is a good percentage for profit over turnover?

2007-03-13 22:46:32 · 3 answers · asked by Anonymous in Business & Finance ➔ Small Business

3 answers

basic 20% , that's what most are working to

2007-03-13 22:55:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It depends absolutely totally and completely on what line of business you are in.
The more telling indicators are return on capital and whether you can live off of what the business brings in.
If you're banging out tins of beans on the supermarket principle, expect about 2% GP on turnover. If you are selling luxury cars, you would be looking at something very substantial.

2007-03-14 10:18:55 · answer #2 · answered by Billybean 7 · 0⤊ 0⤋

If you finish up with 11% clear after all paid then you are doing
very well

2007-03-14 05:58:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋