V Group Inc (VGID)

[Buzzy1030]

Did you read the PR?
The numbers that were used are industry average. SuperCuts, Fantastic Sam's, Sport Clips and Great Clips all expect an average of 85 customers a day. Some days (Saturday, Sunday) are more. Some days (Monday, Tuesday) are less. The average ticket price is just under $25.00. Sport Clips is a bit higher. That includes haircut and hair products sold. So; let's do the math. $25 X 85= $2,125.00. $2,125.00 X 7days = $14,875.00. $14,875.00 X 4 Weeks = $59,500.00 a month. $59,500.00 X 12 months = $714,000.00 per year. The industry looks for an 18% profit margin.

Like I said, I did not come up with these numbers on my own. They are industry standard numbers. I happen to have access to a leader in the industry's numbers due to a family connection.

I hope this helps.

Larry Twombly