Nah 5% is shit (but also the average). I've been lucky to have been involved in ... | Hacker News

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		Mikeb85 on Jan 27, 2020 \| parent \| context \| favorite \| on: The economics of all-you-can-eat buffets Nah 5% is shit (but also the average). I've been lucky to have been involved in some very profitable restaurants with margins more like 20%... When you set out to do a business plan, you should be looking at differentiation. Not producing a commodity with slim margins...

ska on Jan 28, 2020 [–]

  Nah 5% is shit (but also the average)

It can't really be both of those things. I'm sure there are outliers just like you describe, but not that many.

20% is pretty high margin in general for business.

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