Monday, 12 May 2014

Is it legal in New York State for a store owner to purchase merchandise from a different grocery store and sell it at their own store for a ...

Question

Is it legal in New York State for a store owner to purchase merchandise from a different grocery store and sell it at their own store for a higher cost?



Answer

As a Franchise Attorney I can say this. They have to sell it at their store for a higher cost, otherwise they won't make a profit. Sales price, minus cost, equals gross profit. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation



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