Specializes in African American products. ● Conducts annual planning sessions with top manufacturers to maximize advertising and marketing initiatives. ● Operates distribution centers in Georgia, North Carolina, and Ohio. ● Maintains a strong working relationship with Field Management. ● Has the best service coverage in all African American markets. ● Provides a dedicated Account Management Team.
Inventories will be kept to a minimum to increase turnovers. ● Creates a one-stop shopping experience with one point of contact.
Ask most people to define the vending industry and they are likely to mention soda, chips and candy. While these products are still a staple in the industry, the truth is that a revolution in technology has transformed vending into a $42 billion industry specializing in convenience and fresh products. Today male consumers can use Barber Caddy to help them streamline their busy lifestyles by purchasing everything from skin care products to hair maintenance products. Advances in technology and the growth of the internet have created unlimited potential for this ultimate self-service vehicle, while more services, various payment options, and easier usage will make shopping through a Barber Caddy easier, quicker, and more reliable than ever for male consumers.
There is a huge market in the beauty industry that is not being address by mainstream beauty retailers. The overall beauty industry market is estimated at 663,300 salon and barbershop owners across the United States and territories. This $48.1 billion hair industry has expanded over the past five years, due to robust consumer spending on discretionary personal care products and services with expected revenue to increase at an annualized rate of 2.0%. Additionally, there are over 23 million African American church members who are affiliated with a major denomination, such as African Methodist Episcopal Church, National Baptist Convention, Church of God in Christ, as well as other denominations. Finally, there is over 100 Historically Black Colleges and Universities with a student population of over 370,000.
There is clearly a lot of room where Black Box Distributor, Inc. can come in and address this void by bridging the two markets with The Black Box Barber Caddy. There is a significant trend, especially for an already established barbershop owner to offer products to their customers, so the Barber Caddy itself is just one more extension of the brand. Using Barber Caddy, barbershop owners can track sales and inventory online, avoiding excessive trips to restock inventory and helping determine hot sellers.
The timing could not be better for the company to merge these two multi-billion dollar industries with a product such as TBBBC. Already, vending machines are used to sell everything from $2 shaving kits to $400 electronics, building familiarity with consumers. It is not difficult to imagine barbershop customers embracing the utility of making a purchase through a vending machine, especially when so many are comfortable shopping online with a computer.
The company intends to enter the market through a minimum viable product. The approach to minimum viable product is that TBBBC has just enough features that allow the company to ship to early adopters whom resonate with the product, willing to pay money to acquire, and give feedback.
