Who is still doing Auto Sales (Have a solid merchant)
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  1. #1
    Senior Member Reputation points: 5034 AlexSMF's Avatar
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    Daily average balances are 40k month over month. He owes 60k against 2.4 million in annual sales. Explain to me how is that slim margins. Sorry that you spilled your coffee, but you should already know, coffee is for closers. :-)

  2. #2
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    Quote Originally Posted by AlexSMF View Post
    Daily average balances are 40k month over month. He owes 60k against 2.4 million in annual sales. Explain to me how is that slim margins. Sorry that you spilled your coffee, but you should already know, coffee is for closers. :-)
    What do the tax return show for profit ? Does he have a floor plan in place ?
    That will show you his margins.
    Also not sure what's funnier the coffe is for closers or that you think that industry can ever be called a solid file since he only STACKED once

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by AlexSMF View Post
    Daily average balances are 40k month over month. He owes 60k against 2.4 million in annual sales. Explain to me how is that slim margins. Sorry that you spilled your coffee, but you should already know, coffee is for closers. :-)
    Don't care if the merchant has $20 million a month in deposits. what's the pass thru? What are margins? If the merchant makes $2.4 million a year, but has $2.5 million in expenses, then the other merchant doing $150K a year, but $75K in expenses is more valuable

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