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"On Paper" is the key phrase.
I know several dog and cat breeders locally. What you're talking about with 10 female dogs having litters twice a year to produce upwards of 200 puppies cries "puppy mill" to me. A true breeder breeds for the betterment of the breed not for the bottom line.
One breeder I know actually does breed English Bulldogs. Her pups go for $1800+ each. She has 2 females and one male (the male is a past champion). Other breedings are arranged with sires who have desirable traits and good bloodlines. An average litter size is 4 to 6 dogs not 10 (or more). Many female English Bulldogs have problems giving birth and the pups have to be born by C-section (added vet costs). The breed itself is prone to knee and hip problems so any knowledgeable buyer will demand proof of bloodlines.
This breeder only allows her females to breed once a year. Out of the four total litters over the past two years, there were a total of 20 puppies (that's an average of 5 per litter). Of those 20 puppies, 4 never thrived and died after days and even weeks of exhaustive hand feeding, vet expenses and the like. She sold the pups for an average of $2000 each. So of the remaining 16 pups, 2 went to breeders as part of breeding arrangements that had been made. That left 14 pups to be sold for a total of $28,000. When she factored in the costs of housing, feeding, and medical care for the 3 adults along with vet expenses for the pups from birth (all have to be wormed and vet certified along with some of their first shots before they are every sold), the tangible costs were almost $13,000. That includes the cost of the 4 pups that never made it. She's left with a net of $15,000 over 2 years. She does not work outside of the home. With pups to be sold for that amount, you don't just head to work and hope they're all okay when you get home. So essentially her time, efforts, not to mention emotions (you can't help but get attached) got her $7,500 a year.
The year prior to the last two...the major breeding female she had died with pups on board. 6 pups and the mother (a household pet) gone in the blink of an eye.
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