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#1
03-01-2006, 04:57 PM
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Sorry mods this is off topic, but his statement is VERY untrue. Please read the following: "Gasoline retailers must keep their markup razor thin. Markups, which are less then 10%, cover: land, salary, buildings, fuel delivery, site maintenance, profit (about one cent a litre). With such small markups, the main way to stay in business is to sell huge volumes. And the primary way to increase volumes is to reduce retail margains. Despite huge volumes, margains are so thin, that virtually all stations depend on non-fuel products such as snacks to increase revenues and margains." [END]Steve's smart fact for the day Steve Quote:
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#2
03-01-2006, 05:10 PM
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__________________
Mike 150g reef, 55g sump, T5's, Vertech 200A, Profilux III - German made is highly over rated, should just say Gerpan made. Reefkeeper - individual obsessed with placing disturbing amounts of electricity and seawater in close proximity for the purpose of maintaining live coral reef organisms.
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#3
03-01-2006, 05:17 PM
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#4
03-01-2006, 05:23 PM
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One more comment before the mods shut this down......
Most gasoline retailers are independent dealers. The gasoline margins are made at the refinery and corporate level, not at the independently owned gas retailers. Margins at the retail level are very slim
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#6
03-01-2006, 05:59 PM
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If I may comment -
Gas prices aside, this thread is about Big Al's closing. Personally I am extremely saddened at this development. With the vast majority of SW stores in the north it was a nice place for a southerner like me to be able to visit on a whim. Franchise rules and hardware prices notwithstanding, I got most of my supplies (cleaning things, fish food, etc.) from there and the loss to me personally is, well, large. I was always on friendly terms with most of their employees, as well as Rick and Tom the owners, and ALWAYS appreciated the friendly "hello" and chats we would have every time I would go in. I don't get that kind of treatment anywhere else. I also depended on Big Als to scope out livestock items that I would be looking for, and I appreciated the extra mile they would go to find me something. Like my gigantea carpets. Nate finally finds a place he can import them from, and now they go out of business. Again, I might add, no other vendor I have ever dealt with has been willing to the same extent to work with me to the extent that Nate would. I guess nothing lasts forever, but still, this sucks. Now I worry about my friends who work there and what will become of them. This sucks, sucks, sucks.
__________________
-- Tony My next hobby will be flooding my basement while repeatedly banging my head against a brick wall and tearing up $100 bills. Whee! Last edited by Delphinus; 03-01-2006 at 06:02 PM.
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#7
03-01-2006, 06:46 PM
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I never frequented Big Al's, but mainly due to the fact that it is the furthest saltwater shop from my house. I found their livestock selection to be unpredictable and limited lately, but it was still good to have another option when looking for something. Given this situation I can now see perhaps why their stock was not as good lately. I have bouhgt a variety of items there over the years, in fact I was there last week and picked up a school of green chromis.
It is never a good thing when a store has to close. One less store means less competition for the rest, which could lead to higher prices. Hopefully that will not happen and the business shift brings higher volumes and thus lower prices. I do plan to stop round to see about the sale merchandise.
__________________
I retired and got a fixed income but it's broke. Ed _______________________________________ 50 gallon FOWLR, 10 gallon sump. 130 gallon reef, 20 gallon sump, 10 gallon refugium. 10 gallon quarantine. 60 gallon winter tank for pond fish. 300 gallon pond with waterfall.
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#8
03-01-2006, 07:38 PM
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#9
03-01-2006, 09:28 PM
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"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
. One has to remember that 40% mark up is almost the same as 25% discount! $1.00+40% =$1.40p $1.40p -25% =$ 1.05p!! Last edited by woodcarver; 03-01-2006 at 09:37 PM.
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#10
03-01-2006, 09:55 PM
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I hate to get off topic again but this needs correction as well. Markup cannot be figured out by simple multiplication.
MARKUP $1.00/(1-40%) = $1.67 DISCOUNT $1.67 x 0.75 (25% discount) = $1.25 Steve Quote:
Last edited by SJSobczyk; 03-01-2006 at 09:57 PM.
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