MergerPlace

Tool Manufacturer with Patent License

New Jersey (Monmouth)


  • Asking Price: $5,000,000
  • Gross Income: $141,875
  • Cash Flow: $18,151
  • Real Estate: Not Disclosed
  • Inventory: $148,000
  • FF&E: $73,879
  • Listing ID: #212113
  • Established: 2016
  • Employees: 1 PT

Business Description

Buy the business or license the patent! The seller will stay on to help you grow!!

The company manufactures and distributes a patent pending, all in one Acoustical Tile Reveal Edge Cutting Tool/Workstation. The Hand Tool Manufacturing Industry in the US is project to have $10.2 Billion in Revenue in 2018 (IBISWorld report 12/18).

A dropped ceiling is a secondary ceiling that is hung below the main (structural) ceiling. They are a staple of modern construction for both commercial and residential construction projects. Dropped Ceilings date back to the 1500's with the first patents being issued in the early 1900's. However applications have grown dramatically over the recent years due to improvement in aesthetics, acoustics, environmental factors, flexibility and cost. The global ceiling tiles market is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal and gypsum panels by the end of 2025.

Dropped ceilings are now a staple in almost all commercial construction and increasingly so in residential homes for new construction and renovations.

Until now these tiles were being cut by hand held knives which takes more time, is unsafe, inexact and causing significant waste. With over 30 years of general contracting experience including ceiling tile installation, this seller invented a cutting tool to assist and improve the installation of these ceiling tiles.

This tile cutting tool has proven to be a game changer for ceiling tile installation contractors. It makes the installation easier, saving time and money. It is safer and does a much cleaner and more accurate cut dramatically improving the quality of the job.
A dropped ceiling is a secondary ceiling that is hung below the main (structural) ceiling. They are a staple of modern construction for both commercial and residential construction projects. Dropped Ceilings date back to the 1500's with the first patents being issued in the early 1900's. However applications have grown dramatically over the recent years due to improvement in aesthetics, acoustics, environmental factors, flexibility and cost. The global ceiling tiles market is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal and gypsum panels by the end of 2025.

Dropped ceilings are now a staple in almost all commercial construction and increasingly so in residential homes for new construction and renovations. A typical dropped ceiling consists of a grid-work of metal channels in the shape of an upside-down "T", suspended on wires from the overhead structure (typically either 2 ft × 2 ft or 2 ft × 4 ft). Each grid is then filled with lightweight ceiling tile. On every installation there is quite a bit of customization that is required in order to fit the space exactly. This requires the tiles to be cut in order to fit the grids. Until now these tiles were being cut by hand held knives which takes more time, is unsafe, inexact and causing significant waste. With over 30 years of general contracting experience including ceiling tile installation, this seller invented a cutting tool to assist and improve the installation of these ceiling tiles. This patent pending reveal edge tile cutting tool has proven to be a game changer for ceiling tile installation contractors. It makes the installation easier, saving time and money. It is safer and does a much cleaner and more accurate cut dramatically improving the quality of the job.

The tool has been upgraded several times based on input from actual users and contractors. The seller has now updated each of the 3 models that can be used by all contractors and the do-your-self homeowner. There are now 3 models to choose from. There is a model for any size and material tile and for all commercial or residential jobs.

Ideal for use in: Basements, Hospitals, Hotels, Schools, Clean Rooms, Universities, Churches, Office Buildings, Doctor Offices and Government/Municipal facilities.

This new models are not limited to cutting ceiling tiles. This lighter and smaller model can be used on carpet tiles, insulation foam tiles and a host of other construction applications. This has greatly expanded the potential demand for this product to contractors and homeowners.

Residual Income - the ongoing sale of replacement blades creates a substantial and real opportunity to create a residual revenue stream. This product is now available for mass production and distribution in home centers and hardware stores globally with potential sales well over $100MM.


Business Details

Primary Business Category: Manufacturing - Miscellaneous Manufacturing
Location: New Jersey
County: Monmouth

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 PT

Financial Information

Asking Price: $5,000,000
Gross Revenue: $141,875
Cash Flow: $18,151
FF&E: $73,879
Inventory: $148,000
Seller Financing Available: No

Property Information

Facilities:

The product can be produced anywhere in the country ands does not require a large production area. There are no facilities included in this sale.

Growth & expansion opportunities:

With over 2000 Home Depot stores, 1800 Lowes stores, 900 Harbor Freight storee plus 1000's of other hardware centers and commercial yards in the US there is unlimited growth potential domestically and internationally for this product. Rental centers will also want to buy and rent the product in addition to selling the blades.

Competition:

This is a patent pending tool. There are no other products on the market like it.

Reason for selling:

The inventor/seller has developed a product that is ready for mass production and distribution and wishes to sell to a company that can expand the sales globally. The seller will stay on as a consultant for an extended period of time to assist with the company's growth.

Support & Training:

Will train for 4 weeks @ $0 cost. All of the patent rights and product specifications will be transfered to the new owner. The name is TradeMarked. The seller will train on development and assembly. The seller will continue as an employee/consultant for an extended period of time to help grow the business.

Contact Business Seller

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Business Listed By:

Russell Miller

Murphy Business Brokers