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    79,000 lost jobs. $13 billion in GDP gone. Study tallies potential hit to Mass. from Trump’s ‘economic attack.’

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    Could the GPT Store Turn ChatGPT into a Platform Powerhouse? 

    From Hollywood to the Hardware Store: The Real-World Impact of a 100% Tariff 

    From Hollywood to the Hardware Store: The Real-World Impact of a 100% Tariff 

    Bank Failures Show Us What Not to Do with Our Own Finances

    Bank Failures Show Us What Not to Do with Our Own Finances

    In a ‘work-from-anywhere’ world, where are people working?

    79,000 lost jobs. $13 billion in GDP gone. Study tallies potential hit to Mass. from Trump’s ‘economic attack.’

    The Hidden Risk of Getting Paid in Stock Options 

    Trump Administration Cancels Scores of Grants to Study Online Misinformation 

    Q&A on Trump’s Prescription Drug Pricing Executive Order 

    Q&A on Trump’s Prescription Drug Pricing Executive Order 

    Congratulations to Evan Apfelbaum, Patricia Cortes, Andrei Hagiu, Petro Lisowsky on Their Promotions to Full Professors!

    Congratulations to Evan Apfelbaum, Patricia Cortes, Andrei Hagiu, Petro Lisowsky on Their Promotions to Full Professors!

    I’m a business professor who asked dozens of former students how they define success. Here are their lessons for today’s grads

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    Navigating Internet Privacy: Unpacking Cookies, Dark Patterns, and Future Data Protection Challenges (2)

    Beyond Prototypes: Rethinking Innovation in Complex Ecosystems with Prof. Douglas Hannah

    Beyond Prototypes: Rethinking Innovation in Complex Ecosystems with Prof. Douglas Hannah

    Is Business Broken? Season 2 out now! 

    Is Business Broken? Season 2 out now! 

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    Redefining Retirement: Navigating Emotional and Social Transitions with Insightful Strategies

    Life After Cookies: Who Uses Google’s Privacy Sandbox? – Garrett Johnson

    Life After Cookies: Who Uses Google’s Privacy Sandbox? – Garrett Johnson

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

    Real Estate Ripples from a Landmark Settlement

    S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

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    In a ‘work-from-anywhere’ world, where are people working?

    79,000 lost jobs. $13 billion in GDP gone. Study tallies potential hit to Mass. from Trump’s ‘economic attack.’

    The Hidden Risk of Getting Paid in Stock Options 

    Trump Administration Cancels Scores of Grants to Study Online Misinformation 

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    Leading Global Teams Effectively 

    How Retailers Can Capitalize on the “Refund Effect”

    Research: When Prototypes Don’t Yield Useful Insights 

    Transforming Products into Platforms: Unearthing New Avenues for Business Innovation

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Home Media Mention

How much profit do fireworks stands make?

Jay ZagorskybyJay Zagorsky
December 16, 2022
in Media Mention, National Media
1.1k
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December 16, 2022

Marketplace recently published an article where Clinical Associate Professor, Jay Zagorsky, discusses the operations and profitability of the firework business.

Owner of PyroSpot Fireworks, Craig LaFleur, has been in the firework business for more than 10 years. The operational cost of running his dream business – inspired by childhood memories with his father – are quite high. Rising supply chain costs have meant higher invoices for firework businesses, with the price of shipping containers rising from $8,000 in 2019 to about $45,000. LaFleur also pays for a tent, year-round storage space, a lease and storage equipment, running about $150,000.

The average markup for fireworks is roughly three times the wholesale price. Buying a case of fireworks for $100 means the business owner will likely rake in revenue of $300. Zagorsky notes, however, that it is difficult to get a true sense of a fireworks stand’s average profit margin or total revenue due to the other variable costs involved in setting up the business. He states, “Some of the key benefits of running a fireworks business are that it’s seasonal work, allowing people to take on other jobs, and it’s similar to running other types of retail businesses, so the skill set is transferable”.

Tags: Jay ZagorskyMarkets
Jay Zagorsky

Jay Zagorsky

Jay Zagorsky is Clinical Associate Professor in Markets, Public Policy, & Law and is a cross-disciplinary researcher who has spent over two decades of researching a wide variety of personal wealth topics. He tries to explain why some people become rich, others are poor and some move between these two states. He is currently synthesizing this research into a book that presents the results of his academic research and other wealth researchers in an accessible format.

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