Grocery stores, home improvement stores, convenience stores, auto parts stores, gardening stores, bike shops, and pretty much every single business pays half or less for the vast majority of the products compared to the price on the shelves.
Yes, there are exceptions, but restaurants are routinely marking up ingredients by hundreds of percent more than even retail grocery stores. And they pay their employees less.
Even if another industry marks up more than 35%, very few ask for tips on top of that. These guys asked for a tip and charged an 18% service fee, which is ludicrous.
Grocery stores, home improvement stores, convenience stores, auto parts stores, gardening stores, bike shops, and pretty much every single business pays half or less for the vast majority of the products compared to the price on the shelves.
Average retail markup is usually under 35%.
Yes, there are exceptions, but restaurants are routinely marking up ingredients by hundreds of percent more than even retail grocery stores. And they pay their employees less.
Even if another industry marks up more than 35%, very few ask for tips on top of that. These guys asked for a tip and charged an 18% service fee, which is ludicrous.