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05-01-2018, 01:18 PM #1
- Join Date
- Feb 2017
- Posts
- 3,463
$200k/month in used cars? If one car goes for $30,000 - what's the profit margin on that? And then how many sales does he have per month?
Used cars are very hard to judge these things. You can't just assume "GROSS = PROFIT," and "More Gross = More Profit." I had a client who delivers gas to gas stations that was doing $74mm in revenue a year, but his profit margins are so low that he got rejected from everywhere.
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