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Tool Manufacturer with Patent License Available

Monmouth County, NJ (Relocatable)

Tool Manufacturer with Patent License Available
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Asking Price: $5,000,000

Cash Flow: $18,151

Gross Revenue: $141,875

EBITDA: N/A

FF&E: N/A

Inventory: $148,000

Established: 2016

Tool Manufacturer with Patent License Available

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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.

This product has been in limited production but is now available for mass production and distribution in home centers and hardware stores globally with potential sales well over $100MM.

The tools can be manufactured and assembled with unskilled labor in as little as 3000 sq ft of space.

Detailed Information

Location:
Monmouth County, NJ
Inventory:
Included in asking price
Employees:
1 PT
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.
Competition:
This is a patent pending tool. There are no other products on the market like it.
Growth & Expansion:
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.
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.
Reason for Selling:
The seller will stay on as a consultant for an extended period of time.
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Russell Miller

Business Listed By:
Russell Miller

Murphy Business Sales

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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