Replies to post #32625 on Lecere Corporation (fka LCRE)

[Tavycal]

$1200.00 a month from the three restaurants that say they are trying FIRMS, is ridiculous. Restaurants reap between 15% -25% on sales. That is way to much for any Mom and Pop restaurant to pay.

[fairandbalanced]

This is good stuff. Can someone define "full service restaurant"...what it includes and doesn't include?

[riva5]

Sounds jolly good. Do you know how much each shops actually be saving by using the software?

[StockVoyager]

No way - those numbers will not work!

I thought I had read numbers for LCRE of around $200.00 or so a month and a per transaction fee which I am not certain if a fee per transaction will be accepted. You can lease a POS solution for under 200.00 a month or you can buy the register and CC equipment on the low side of around 5K and up. This has to undercut current solutions and provide more for the same money - volume is the critical path here - no volume no success.

This is why I believe we need to see a cost of ownership of FIRMS over existing POS solutions. LCRE will need to demonstrate the value over the existing solutions in order to sell anything.
This is the reality. Their website is the first place this needs to be implemented - side by side comparisons demonstrating the value of FIRMS over existing POS solutions - hard numbers, cost of ownership.

[leeper]

I like the idea of lcre getting $1200 / month, but I don't really see it. We have $200/ month base and the per ticket transactions. If we have 2400 tickets a month, and we get $0.25/ ticket, that's $600/ month more. Are we to think that the extra features will give us an extra $400/ month? I'm actually ok with this, though. I like even $500/ month per restaurant. I don't know what the average price is going to wind up being per ticket, but even an average of $0.10/ ticket as river has assumed gives us even $440/ month per restaurant. If we only charge $60/ month per restaurant for the extra features associated with firms, we have $500/ month per restaurant. With the fifty restaurants they expect to have before the end of the year, that's $25,000/ month or $300,000/ year. So if we just assume the $500/ month per restaurant, every fifty new restaurants that are added brings in a revenue stream of $300,000/ year. I like the sound of that. That means to have a revenue stream of $1,000,000/ year, we would need just 167 restaurants. That is certainly possible by the end of next year, isn't it?

[StockVoyager]

Tenacious $1200.00 a month or $14,400.00 a year for a restaurant POS solution is outrageous. This estimation is out of whack with reality. I could buy a POS solution for less then a years payments and it would last 5 years or longer. Please re-evaluate this to be more realistic - even LCRE cannot expect anything near this per month from a restaurant. If this is the sales basis we will not succeed.

[maybe_this_time]

Those smell a little hight to me. Maybe larger resturants would generate that and chains even more. If it is $1,000 per month, and we get 50 resturants to start, that's $600,000 a year. That almost puts us on life support... (e.g., no new shares...)

500 resturants = $6 million a year and definately gets us out of the woods.

5000 resturants = $60 million a year and turns us into a real company for sure.

50,000 resturants, well, then we have our billion company...

I see this actually happening potentially...