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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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