Friday, January 21, 2011 5:14:06 PM
Lets do a little quick math and be on the conservative side
4700 stores each store places an intial order of 10 units since the info on line says you can order these for 40 dollars lets take a conservative approach and say their selling price to Distributors is 30 dollars for round numbers this would give the stores a 25 percent gross margin which is acceptable in most chain stores so here is my math please help me or correct me if someone else sees something different:
4700 stores x 10 units (intial order) x $30 dollars (Greene Selling Price) = 1,410,000 dollars on their first intial order, now being conservative lets say these do not fly off the shelfs but each store averages 30 units a month
4700 x 30 units x $30 = 4,230,000 per month
Annually = $50,760,000 in total sales dollars for Greene Concepts
Note this is just Rite Aids projections + TV sales of 46, million
These numbers are only going to go up
If they can produce l million units a month and sell 1 million units per month
30 million in sales each month or 360 million per year not too shaby they might need to expand really quick if this takes off
360 million is less than 2% of the total market share
Here is the link where I got this data
http://news.printcountry.com/2010/04/us-printer-and-printer-cartridge-sales-market-share-and-statistics.html
This has places to go and I can only see it going up from here - I am not a pumper just an investor that likes to make money - do your own DD and GLTA GO LKEN
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