Profit: The profit rate of convenience stores is generally around 15%-35%, depending on the product sales structure and cost control. Hot pot restaurants have a higher profit margin, which can reach about 60%, but the premise is to have good taste and customers.
Market: The market of convenience stores is mainly composed of surrounding residents and floating population, and the customers are relatively stable, but the competition is also relatively large. Hotpot restaurant has a broader market, which can attract surrounding residents, customers in business circles and tourists, but it also needs a good geographical location and reputation.
If you are interested in convenience stores and hot pot restaurants, you can consider investigating these two businesses to gain more market opportunities and profit sources.