Economic Model for Flipping Business

[Phil Long]

Can anyone share their Economic Model for a flipping business?  To clarify....if you made $1mil in revenue, and $400K in profit for the year, the 60% in expenses would be broken down by what?  I'm guessing it would look something like this: 30% cost of sale, 15% employee wages, 10% marketing, 5% misc (just as an example).  Any feedback is greatly appreciated.  Phil