"Opening in late February until the end of March, our Cyan Mist Hot Pot Restaurant's turnover was 1,530,000, with a net profit of 220,000!"
In reality, the hot pot restaurant has high turnover, but the net profit is actually very low.
Many hot pot restaurants seem to be doing well from the outside, but in reality, they may not be making much money, and many are even losing money.
Because hot pot has no obvious regional restrictions, there is room for development anywhere, and in many cities, the number of hot pot restaurants consistently ranks among the top three in the food industry.
And with more restaurants, the competition becomes greater, naturally narrowing the path.
Faced with competition, owners have to start lowering profits, and the prices of things like vegetables and meat are actually transparent, unlike clothing, where there can be a lot of fluctuation; factory clothing costs a dozen or so, but can be sold for hundreds in the store.
