Monmouth County, NJ Machine Shops and Tool Manufacturers For Sale

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Tool Manufacturer with Patent License AvailableCutting Tool must see to appreciate
$5,000,000Cash Flow: $18,151
Tool Manufacturer with Patent License AvailableCutting Tool must see to appreciate

Monmouth County, NJ

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.


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