Forum Discussion
bobkatmsu
Jan 14, 2018Explorer
zb39 wrote:Thank you zb39 from one business owner to another. Incredible how people have no idea how difficult it is to make money in a business.pacificnw wrote:
I am not seeking 30k for a trade-in. Like any reasonable owner I am seeking a fair valuation so that I know what its worth. That way one can see how much room there is between what it could potentially be sold for and what the dealer is offering. Profit is what keeps dealers in business. Fair pricing is what keep customers coming back. I am sorry but a 12k to 15k profit is gouging.
That 12 to 15 is gross profit not net profit, huge difference. If you think that a business can stay in business with less than 50% gross profits, you would be wrong. You should see what the gross profit is on women clothing. 500 % is the norm. Yes I have been in business for the last 27 years, I'm the owner not an employee. If they offered you 18 that was a serious offer.
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