I wonder how do small shops make money?

[SirRichard]

I walked past mature estate provision shops selling cheap home DIY items, t shirts, small things like alarm clocks.. all items are just 5-10bucks.. I wonder how many they need to sell just to cover overheads and then turn a profit. Pasar malam also, some sells $1-2 items, is the sales so much that it can cover overheads of $$300- $500 a day?

My question is- are they always profitable or some are barely breaking even? With our high rental cost, it's incredible how they can stay afloat and also make a living out of it.

 

[Deleted member 178254]

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[syed putra]

I walked past mature estate provision shops selling cheap home DIY items, t shirts, small things like alarm clocks.. all items are just 5-10bucks.. I wonder how many they need to sell just to cover overheads and then turn a profit. Pasar malam also, some sells $1-2 items, is the sales so much that it can cover overheads of $$300- $500 a day?

My question is- are they always profitable or some are barely breaking even? With our high rental cost, it's incredible how they can stay afloat and also make a living out of it.

Maybe their rents never go up. Like some form of rent control. Or owners not bothered to increase rent.or they inherited the shop.

 

[SBFNews]

I walked past mature estate provision shops selling cheap home DIY items, t shirts, small things like alarm clocks.. all items are just 5-10bucks.. I wonder how many they need to sell just to cover overheads and then turn a profit. Pasar malam also, some sells $1-2 items, is the sales so much that it can cover overheads of $$300- $500 a day?

My question is- are they always profitable or some are barely breaking even? With our high rental cost, it's incredible how they can stay afloat and also make a living out of it.

Some of these shops bought the lease from HDB some time ago.

 

[k1976]

Some of these shops bought the lease from HDB some time ago.

Some cash out at a good price

 

[ftan42]

many shops start popping up selling cheap products from tiongkok their profit margin is quite high compared with online purchase

 

[face the facts]

some items selling for $2 costs 30cts....the great big evil is rental in peesai.....some of these shopkeepers owns the shop....just open to pass time, better than go coffeeshop talk cock until fight....