In my "real" business, I shoot for 8-13% all in after payroll, other controllable and non-controllable...my proforma is for 20%, have gotten there with a few stores but never with them all at once. Product Margin is running about 22%, with labor about 52% per transaction (before expenses but after cost of goods sold).
With the farm...what's "profit"? Ran one in year 3 as a result of an outstanding sponsorship deal for our riders that was also picked up this year- otherwise it's break even at best, because we generally turn any profits into additional fixed assets. If I ould convince the wife to sell some livestock rather than to buy it, we'd be in high cotton. As it stands, we are accumulating assets rather than $$$.
As far as the breeding operation- Memory Lane Farm's rider breeding program has been far more productive than it's Appaloosa program :) but don't call the wife a broodmare!
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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