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Thursday, November 02, 2006 6:17:43 PM
Water especially, probably has the highest profit margins.
I use to own a small business (sold now) and I can tell you that I made more money on drinks than the food I sold.
I use to buy Coke for about 17 to 20 cents a can. That was the lowest I bought Coke for and this was about 1 or 1 1/2 years ago. Plus, I am not a big buyer of Coke. Imagine if I was a big buyer - lower price for me.
So if I can buy Coke for about 17 to 20 cents and people buy Coke for about a $1 (might be higher now) at the liquior store, how much of a margin is there. I Coke is still making money.
Coke may not be a good example since Coke sells in volume, but this was just to illustrate that there are high margins in the beverage industry.
Key: Just sit tight... remember... "money flows from the impatient to the patient." Which one are you?
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