SYNOPSIS OF VIRTUAL STORE CLERK
Virtual Store Clerk, is a company with the Patent Pending retail store's 'Product Location Finder' system. Our market potential is every large retail store. Drug stores, Grocery stores (Instacart would be a perfect user), Huge Inventory stores like Target, Lowes and so on.
The system when installed provides for store customers when entering a store to use our system to request the location of any item they want to purchase via an audio/visual input device. Customer speaks into our device, or shows their shopping list to the visual reader and Immediately the location is returned by audio or printed form to the customer. Example; where can I find an espresso machine? Response - 'Isle 2, Row 4, Tier H, Top Shelf.
Most importantly IF looking for an item customer can't name - "where will I find this replacement valve from inside my furnace". By showing the item to the visual reader the system again returns the location by using our proprietary AI software.
YES, there are Apps that some retail stores have for customers to us to find items in their stores with a cell phone and our VSC system eliminates the need for customers to have a cell phone because every customer can use the very easy and convenient VSC system to locate their shopping items plus much, much more information!
Startup funding of $500,000 investment is for the First phase of six months for assembling a prototype of the system Hardware, creating the proprietary Software, Beta testing the system, beginning the marketing program and continuing on with Alpha testing in select retail stores.
Based on our cost and the system sales price to each store we anticipate a net revenue (before overhead, distribution and taxes) of $1,312,000 at the end of the first year from the first 20 stores and then as sales grow revenue will increase by $65,600 from store installation! PLUS, Additional Annual Income will come from the yearly lease fee for the proprietary software from each store of $1,000 per year. We believe that Additional revenue from advertising can be made by offering ads from the store's own special sales/discounts or outside venders with their ads printed on the customers printout of locations. We are ready to take off! Business Plan Available!
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