The ATO has released benchmarks for various types of businesses. These benchmarks are a helpful financial tool as they allow business owners to compare their business to others in the same industry. They show financial ratios such as COGS (cost of goods sold) as a % of Sales, Labour/Turnover, Rent/Turnover. If you wish to look at say Delicatessen, go to the link below, click on D-F, then click on Delicatessen.
The above information if of a general nature only and does not take into account individual circumstances. If you require advice or more detailed information please contact us.