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Thread: Wholesale Lab

  1. #1
    Bad address email on file
    Join Date
    Jul 2004
    Location
    New York
    Occupation
    Optical Wholesale Lab (other positions)
    Posts
    85

    Wholesale Lab

    I have a question for anyone who has owned a wholesale lab and had to put up with the banking system . What would you say is the gross profit margin for wholesale labs on the average

  2. #2
    Allen Weatherby
    Join Date
    Jun 2004
    Location
    Florida
    Occupation
    Other Optical Manufacturer or Vendor
    Posts
    1,286

    Lab Profit Question

    I noted your request for average profit. Please reply as to what the exact question is. I see from your post that this is for a banker. Bankers buy industry data and depending on who the underlying source is will determine the number they come up with.

    Are you going to open a wholesale lab or do you already have one? Are you trying to borrow money based on historical or future data? I may be able to better respond to your request if you can give me more details. If you do not want to disclose the information in this public forum you could also e-mail or private message me with more information.

    Depending on the situation and your bank, since they may be using outside supplied data as their expert information you may have to respond by sourcing your own industry data that can be more creditable than their data. (In their eyes not yours)

    If this is regarding a loan, they may not want to tell you NO, so they put it off on the industry does not fit their desired field for loans or someother reason. The sad truth is most banks will make the loans they say they won't to one of their best customers.

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