“The average shop, what is it, Mike? And top shops, like 8% is like the typical margin on an average shop and like 16 or 17 is a top shop.”

Making Chips Podcast for Manufacturing Leaders · How to Grow Existing Accounts, Win New Customers, and Take Control of Your Revenue | Ep. 547

Play from 7:46
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What was described

states typical profit margins for machine shops

average 8%, top 16-17%

Said nearby on the same subject

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♫
Said on Tony Robbins Podcast Daily
Why it worked 2% management fee; 20% profit share (carried interest) Share this moment
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Alarm Masters
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“We're going to invent a product that sells for exactly $100. And this is actually a really good TikTok shop product because it has 70% gross margins, meeting our landed product cost is $30”
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Jordan West
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Business model $100 sale, $30 product cost, 70% gross margin Share this moment

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