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Retail: What are average profit margins in Ice Cream store business?
JB
JB
Joy Broto Nath , Global Corporate Trainer & Strategist answered:

I personally believe that there cannot be a precise data available on the average profit gained by Ice Cream Store business, because it depends on a lot of factors like demographics, seasonal changes, brand etc. but yes, you can make good average profit if you follow these tips:
1. Pick Your Spots: An ice cream business must be where the customers are to succeed. An ice cream truck needs to carefully plan routes to reach customers – for example, hitting the local public pool right after lunchtime or a local park in mid-afternoon.
2. Pricing Your Product Appropriately: If you’re running an ice cream business, you have to know how much you’re making on each particular item you sell, but you also have to know what your customers are looking for and what they are likely to spend.
3. Space for Your Place: One benefit of an ice cream business is that you might not need the square footage of other food businesses. You probably do not need or want a large seating area, since most customers will eat on the go or consume their desserts quickly on-site.
4. Secure Key Supplies: If the price of key ingredients like milk and cream, vanilla, and cocoa rises, either your own prices must rise or your profit lowers.
5. Stand Out from the Competition: To avoid having to always compete as a low-price alternative, make your business stand out in other ways. Using all-natural ingredients or exclusively local products can both set you apart from rivals and tie you closer to the community.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath

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