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£1,000 bike = £500 profit (60 minutes)
£60 service = £60 profit (90 minutes)
(this is simplified, as I didn't account for VAT and such).
edscoble-
Or the low wages of the underpaid mechanic. Or were wages so bad they don’t actually pay them?
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50% profit on the bike, 100% on the service but I know what you’re saying.
Also though, I guess Evans has considerable buying power so £500 as a cost price for a £1k bike might be realistic, in the small lbs I worked in I’d say £750-800 for a £1k bike was more likely.
andyp
M_V
I thought it was the other way around?
Small margins on bikes v larger margins on parts plus charging £££ for labour that costs ££ or £ in wages.