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Re: SBW post# 134581

Wednesday, 07/02/2014 11:38:18 AM

Wednesday, July 02, 2014 11:38:18 AM

Post# of 162974
Sorry. Way off base. The national avg. for profit margin runs approx. 3%. That is statistical fact. As far as the 12-18% that truly would be a rare occurrence. In fact banks, per se bluebook, for making decisions about loans to businesses stop at 15%. That is a national publication. So perhaps your business is in that extraordinary category. I can't qualify that but can qualify how much the avg. % that businesses pull as a net profit margin in the US. I pulled approx. 12% but I also worked in the field with my workers so that I could pull those margins. Even the bank told me that it is almost unheard of for anything over 10% net profit. So if you are doing that great and congratulations but it doesn't lend much credibility to your statements when in fact 95% of business are in a much lower % net profit structure.

As far as the % for merchant that is totally unrealistic. I mean not even close to reality. Most merchant services outside the MJ sector charge about 1.5% for processing. That is data from about 10 services I looked at for my service business. So even stating that someone would be making 3% is not even in the realm of reality based on how business of this sort operate today and the typical margin charged. Are you sure you're really a businessman?

GLTU

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