Can anyone tell me how people who own pet stores can make a profit? Because they have to buy the animals and supplies, and sell them, and some will die... how do they make money without losing it??
2007-09-03 13:49:36 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
They're buying at wholesale prices and doing a markup to make a profit.
The bags of cat litter selling at $6 each may cost them $2. Markup on livestock is done the same way. Hopefully their daily intake covers their operating expenses (rent, employee pay, purchases, utilities, insurance, etc.). If it doesn't then they close their doors and the shop is gone.
2007-09-03 15:35:14 · answer #1 · answered by Elaine M 7 · 0⤊ 0⤋
Hopefully the animals are healthy and won't die. There is a mark-up on products and animals sold and the mark-up is used to cover the expenses and yield a bit of a profit too.
2007-09-03 14:45:12 · answer #2 · answered by magnolia 5 · 0⤊ 0⤋