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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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