Comments on: Paperwork for Profit… http://www.coachmorse.com/606/paperwork-for-profit/ Wed, 12 Oct 2011 14:37:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Coach Morse http://www.coachmorse.com/606/paperwork-for-profit/comment-page-1/#comment-67 Coach Morse Wed, 02 Dec 2009 00:07:55 +0000 http://www.coachmorse.com/?p=606#comment-67 Thanks for your question Del. The 51% is including manager pay, so if you're an owner/operator you can add the manager pay to your profit. The actual percentage of the manager salary depends on the salary amount and the amount of sales the store brings in (it'll be different for every store). Once you figure the percentage just subtract it from 51% to get your unique profitability target. Best of luck as you finalize your purchase! cm Thanks for your question Del. The 51% is including manager pay, so if you’re an owner/operator you can add the manager pay to your profit. The actual percentage of the manager salary depends on the salary amount and the amount of sales the store brings in (it’ll be different for every store). Once you figure the percentage just subtract it from 51% to get your unique profitability target.

Best of luck as you finalize your purchase!
cm

]]> By: Del Brown http://www.coachmorse.com/606/paperwork-for-profit/comment-page-1/#comment-66 Del Brown Tue, 01 Dec 2009 21:18:55 +0000 http://www.coachmorse.com/?p=606#comment-66 I enjoy your blogs. I am in the process of purchasing of a store now and should close the deal this January. Question - you mention the 51% formula - is that for an absentee owner? what should it be in my case where I plan on replacing the current 40 hr/wk manager with myself? Thanks, Del Brown delbrown@roadrunner.com I enjoy your blogs. I am in the process of purchasing of a store now and should close the deal this January. Question – you mention the 51% formula – is that for an absentee owner? what should it be in my case where I plan on replacing the current 40 hr/wk manager with myself? Thanks, Del Brown delbrown@roadrunner.com

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